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Featured Property

Saturday auction $10.1m sold under the hammer by Heath Williams and Sarah Hackett - Place

Huge interest and great result for 59 Buena Vista Avenue Coorparoo and 31 Waldo Street Norman Park sold by Heath Williams of Place New Farm and Sarah Hackett of Place Bulimba.

People

Troy Malcolm appointed as National General Manager of Sales of McGrath

McGrath bolsters its executive team with the key appointment of Troy Malcolm to drive growth and productivity for its agent network.

National

The Economy

John McGrath – International border reopening will impact the home advantage for inner city buyers

According to John McGrath founder and executive director of McGrath Estate Agents, local buyers have little time left to take advantage before international competition fully resumes.

Queensland (Qld)Brisbane

Featured Property

Milbank Bulimba Brisbane River home for sale - Place

Riverhome 2, 11 Byron Street Bulimba for sale by Sarah Hackett and Charmaine McDonald of Place Bulimba looks out across the Brisbane River to Hamilton Hill and beyond.

Victoria (Vic.)Melbourne

Featured Property

Stanhope by Kincrest luxury South Yarra penthouse for sale - Kay & Burton

The Penthouse at 1 Stanhope Court for sale by Matt Davis and Peter Kudelka of Kay & Burton, delivers timeless luxury with a South Yarra address.

New South Wales (NSW)Sydney

Featured Property

Entire floor Queen Residences Woollahra apartment for sale - The Agency and Highland

2/135 Queen Street Woollahra for sale by Steven Chen of The Agency Projects and Bill Malouf of Highland Property, is the last available Queen Residence apartment following the sale of the penthouse for $13m.

Queensland (Qld)Brisbane

Featured Property

Brand-new Hendra home for sale - Place Ascot

The new five-bedroom property at 28 Goble Street Hendra for sale by Jill Wright and Patrick McKinnon of Place Ascot is ideal for indoor-outdoor entertaining.

National

The Economy

NHFIC report confirms need for housing affordability and supply plan

The Real Estate Institute of Australia (REIA) has said that the National Housing Finance & Investment Corporation’s (NHFIC) State of the Nation report confirms the need for a national plan for renters, first home buyers and owner occupiers as Australians build new households in the wake of the COVID-19 pandemic.

New South Wales (NSW)Sydney

Featured Property

Prized harbourside Barangaroo apartment sold for $2.05m - The Agency

The 1-bedroom apartment with Harbour views sold by Steven Chen and Tim Wenden of The Agency Projects for "almost double" the buyers expectation.

National Victoria (Vic.)Melbourne

The Economy

Australia’s highest stamp duty shatters Victorians’ home ownership dreams - HIA

Victorians pay an average of almost $30,000 more in stamp duty than Queenslanders when they buy a new house, according to HIA’s annual Stamp Duty Watch Report.

Pages

News Roundup

http://www.afr.com/real-estate/melbourne-house-prices-up-88-per-cent-sydney-prices-fall-20180416-h0yu8n

Drop in investor activity hits Sydney house prices

Median house prices in Melbourne, Hobart, Brisbane, Adelaide and Canberra all increased in the year to to March – but not Sydney.

The Australian Financial Review

http://www.afr.com/real-estate/jam-factory-plan-finds-favour-20180424-h0z655

Jam Factory plan in South Yarra finds favour

A proposal to transform South Yarra's Jam Factory into a $1.25 billion development has been given a green light.

The Australian Financial Review

https://myaccount.news.com.au/sites/heraldsun/subscribe.html?sourceCode=HSWEB_WRE170_a&mode=premium&dest=http%3A//www.heraldsun.com.au/news/victoria/lord-mayoral-candidate-sally-capp-proposes-melbourne-version-of-new-yorks-high-line-park/news-story/13096276e583c068fdf89859189fa756&memtype=anonymous&v21=pn&v21suffix=pn

Bold New-York style park vision for CBD

A raised parkland for inspired by an iconic New York greenway could transform Melbourne's CBD, according to a local mayoral candidate's bold vision.

The Herald Sun

http://www.afr.com/real-estate/rich-homes-jonathan-munz-sells-portsea-pile-to-russell-knowles-for-25m-profit-20180424-h0z6ev

Rich homes: Jonathan Munz sells Portsea pile to Russell Knowles for $2.5m profit

Rich Lister Jonathan Munz has made a $2.5 million profit from selling the Portsea house he purchased just two years ago to former rich lister Russell Knowles.

The Australian Financial Review

https://www.brisbanetimes.com.au/brisbane-news/major-milestone-reached-for-development-of-brisbane-s-largest-parkland-20180425-p4zbna.html

Major milestone reached for development of Brisbane's largest parkland

The first major milestone has been reached for a $100 million development of Brisbane’s largest parkland, which would offer kayaking, bird watching and horse riding.

Brisbane Times

http://www.afr.com/news/economy/monetary-policy/interestonly-mortgage-reset-to-add-extra-7000-per-year-rba-says-20180423-h0z5eh

Interest-only mortgage reset to add extra $7,000 per year, RBA says

Repayments for a typical Australian facing a reset of their interest-only loan to interest-and-principal could jump by around $7000 a year, the RBA warns.

The Australian Financial Review

http://www.afr.com/real-estate/creative-cubes-opens-second-coworking-space-in-melbourne-20180423-h0z4it

Creative Cubes opens second co-working space

Co-working business Creative Cubes has opened its second co-working space in Melbourne after committing to a 1366sq m office lease at 1B Oxley Road, Hawthorn.

The Australian Financial Review

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First timers flood the market

Grants for first-home buyers are pushing up prices for affordable homes in the most heated markets.

The Australian