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Australasian Auctioneering Championship returns for 2022

Real Estate Institute of Australia (REIA) and Real Estate Institute of New Zealand (REINZ) have today announced the highly anticipated Australasian Auctioneering Championship (AUSTROS) is returning in 2022.

South Australia (SA)

Politics

REISA invites new state government to the table

The Real Estate Institute of South Australia welcomes the result of the South Australian state election.

National

The Economy

Housing inquiry proves bipartisan national plan is needed: REIA

REIA has welcomed the handing down of the Inquiry into housing affordability and supply in Australia (the Report) by the Standing Committee on Tax and Revenue which reported 16 intersecting recommendations for the Federal Government’s attention.

National

The Economy

John McGrath – Survey shows women prefer apartments in blue-chip areas

There is also some correlation between gender home ownership and jobs according to John McGrath founder and executive director of McGrath Estate Agents.

Northern Territory (NT)Darwin South Australia (SA)Adelaide

People

First National announces SA/NT 2022 General Excellence & Marketing Awards

First National Real Estate’s SA/NT agents were presented with their 2022 General Excellence and Marketing Awards at Intercontinental Adelaide on Friday night. SA/NT State Chairman, Andrew Doyle, said it was a pleasure to see new offices, new salespeople and new investor relations managers recognised for their outstanding work over the past twelve months.

National

The Economy

Impediments to housing supply must be addressed - HIA

“The recommendations set out in today’s release of the federal inquiry into housing affordability and supply put a number of important recommendations on the table to improve housing supply,” said HIA Managing Director, Graham Wolfe.

New South Wales (NSW)

Featured Property

Sprawling Orara Valley Estate for sale - Cullen Royle

Coffs Harbour hinterland acreage for sale by Deborah Cullen and Richard Royle of Cullen Royle a stunning luxury Mid North Coast retreat offering the perfect blend of country and coastal living.

New South Wales (NSW)Sydney

Featured Property

Riverside Hunters Hill auction Sat 19 March – The Agency

23 Bonnefin Road Hunters Hill for sale by Lee Dowdall and Stephanie O’Sullivan of The Agency is a prestige waterfront sanctuary upgraded to perfection.

Victoria (Vic.)Melbourne

Featured Property

Botantic Collection ground floor South Yarra apartment for sale - Kay & Burton

Designed by architect Rob Mills the ground floor apartment at 30 Anderson Street South Yarra is for sale by Damon Krongold and Peter Kudelka of Kay & Burton.

Queensland (Qld)Brisbane

Featured Property

Greenslopes home for sale with Brisbane skyline views – Place Bulimba

158 Sackville Street Greenslopes for sale by Sarah Hackett of Place Bulimba is positioned in a sought-after enclave with fantastic entertainment options.

Pages

News Roundup

http://www.afr.com/real-estate/commercial/sales/private-investors-snap-up-43m-of-childcare-centres-20180510-h0zvxz

Private investors snap up $43m of childcare centres

Private investors have pounced on an offering of 12 childcare centres in NSW, Victoria and Queensland, with 11 of them selling in 10 days for a combined $43 million.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/realtor-banned-for-decade-after-directing-tenants-rent-into-her-own-account-20180510-p4zeic.html

Realtor banned for decade after directing tenants' rent into her own account

A Sunshine Coast real estate agent has been fined $25,000 and banned from the industry for a decade after directing tenants' rent into her own account for six months.

Brisbane Times

http://www.afr.com/real-estate/falling-home-ownership-should-prompt-tax-rethink-ahuri-20180509-h0zvig

Falling home ownership should prompt tax rethink: AHURI

Retirees are relying less on the family home as a store of wealth in retirement, strengthening the argument to end tax rules that favour home ownership over other assets, a new report by think tank AHURI says.

The Australian Financial Review

https://www.theage.com.au/national/victoria/developers-who-flattened-corkman-hotel-escape-justice-until-next-year-20180510-p4zek3.html

Developers who flattened Corkman Hotel escape justice until next year

It only took a weekend to tear down the heritage-listed Corkman Hotel but the two developers responsible will not face justice until more than two years after the demolition that shocked Melbourne

The Age

http://www.afr.com/street-talk/zone-q-on-cue-in-clarence-street-20180509-h0zvfd

Zone Q on cue in Clarence Street

There's nothing like a tight yield on a big Sydney tower to make people sit up and pay attention.

The Australian Financial Review

http://www.afr.com/real-estate/canberra-airport-group-irt-plan-aged-and-childcare-facility-in-denman-prospect-20180509-h0ztzj

Canberra Airport Group, IRT plan aged and childcare facility in Denman Prospect

Rich Lister Terry Snow's Canberra Airport Group has selected provider IRT Group to develop a $110 million aged care and childcare centre at its Denman Prospect master-planned suburb in Canberra.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/resident-wins-appeal-against-toowong-champagne-flute-development-20180508-p4ze03.html

Resident wins appeal against Toowong 'champagne flute' development

A Brisbane resident has won an appeal against the approval of a three-tower complex at the former ABC studio site in Toowong.

Brisbane Times

https://www.theage.com.au/national/victoria/property-investors-could-choose-the-next-melbourne-lord-mayor-20180509-p4ze75.html

Property investors could choose the next Melbourne lord mayor

Property investors - a booming part of the City of Melbourne's demographic - could help deliver Sally Capp the lord mayoralty, if voter enrolment figures are any indication.

The Age