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Strong rental market to lead the way in Perth next year, says industry body

The Real Estate Institute of Western Australia (REIWA) is confident the Perth rental market will lead the housing market next year, but warns any changes to negative gearing has the potential to impact buyers.

Queensland (Qld)Brisbane

Featured Property

Nareke: Landmark riverfront estate

This classic stately mansion sits on approx. 3,923sqm of riverside rainforest, with no neighbours, yet is just 2km from Brisbane’s CBD. For sale by Christine Rudolph of Ray White New Farm.

New South Wales (NSW)

The Economy

Drummoyne home attracts global interest

Ray White Drummoyne director Chris Wilkins is expecting fast and furious bidding when he takes the 53 Dening Street home to auction this Saturday.

National

The Economy

"The missing element in a drive to professionalism": PRDnationwide Chairman on need for better industry regulations

Chairman and Managing Director of PRDnationwide, Tony Brasier says advocating for buyer's agents would drive professionalism in the real estate industry.

Queensland (Qld)Brisbane

The Economy

Brisbane apartments now $100k more expensive

The price of a Brisbane apartment is now $100,000 more expensive than it was three months ago, according to a new report by Place Advisory.

Victoria (Vic.)

Featured Property

High Noon: uncomplicated, modern simplicity

With an exclusive Flinders address and rural views, this five bedroom residence celebrates outdoor family living. For sale by Holly Longmuir and Samantha Moffatt of RT Edgar Flinders.

New South Wales (NSW)

The Economy

Rift between REINSW and Fair Trading deepens after call for Parliamentary Inquiry

The ongoing rift between Fair Trading and industry body the Real Estate Institute of New South Wales (REINSW) has deepened after REINSW levelled serious accusations of "gross negligence" and "regulatory backflips" at the state's consumer regulator and Better Regulation Minister Matt Kean.

Queensland (Qld)

The Economy

Expressions of interest for 10 townhouses in Caboolture

Expressions of interest are being sought for the sale of a multi-tenanted, leased investment comprising of 10 modern townhouses at 1-10/39 Mortimer Street, Caboolture, through Ray White Commercial Queensland.

International National

People

Greg Young announced new Australian President for International Real Estate Federation

International Real Estate Federation (FIABCI) Australia Secretary-General and Real Estate Institute of Victoria (REIV) CEO Gil King have announced Greg Young of Queensland’s Young Property Group has been appointed FIABCI Australia President.

New South Wales (NSW)Sydney

Featured Property

Villa Nirvana: resort living in the heart of Avalon

Boasting strong Balinese influences, this minimalist retreat in Sydney’s Avalon enjoys a pavilion design on approx. 3,716sqm, just 10 minutes stroll from the beach. For sale by James Baker and Lyndall Barry of McGrath Avalon Beach.

Pages

News Roundup

https://au.news.yahoo.com/thewest/wa/a/30800035/high-praise-for-down-to-earth-pilbara-design/

High praise for down-to-earth Pilbara design

This rammed earth wall in the Pilbara is the longest of its kind in Australia and probably, the architects say, the longest in the Southern Hemisphere. Now the 230m wall has been selected as a finalist in the WA architecture awards selected by the Australian Institute of Architects.

The West Australian

http://www.afr.com/real-estate/residential#ixzz3ztcLfPih

Mirvac warns on residential and commercial property

The Mirvac CEO says residential property market has passed an inflection point but expects the residential division to bring better results in the second half.

The Australian Financial Review

http://www.abc.net.au/news/2016-02-10/development-group-pushes-for-action-on-housing-plans/7154262

Development group pushes for action on housing plans

The Hunter region branch of a development lobby group has called on the New South Wales Government to create a body to oversee the implementation of the Hunter regional plan. The Government released a draft of the plan in November 2015, and the NSW Parliamentary Secretary for the Hunter, Scot MacDonald, will attend a meeting of the Hunter branch of the Urban Development Institute of Australia today.

ABC News

http://www.moneymorning.com.au/20160210/good-signs-for-australian-construction-as-borals-profits-jump-23-cw.html

Good Signs for Australian Construction As Boral's Profits Jump 23%

Boral reported a 23% increase in NPAT. Revenues increased to $137 million.

Money Morning Australia

http://www.businessinsider.com.au/feng-shui-in-australian-property-2016-2

Australian developers are using feng shui to lure Chinese foreign buyers

Australian developers are using feng shui elements in new building designs to attract Chinese consumers. Incorporating feng shui – the ancient Chinese art of designing spaces to balance energies between living space and body – has become an increasing selling point in recent years, with Chinese homebuyers willing to pay more for a home which promises good energy.

Business Insider Australia

http://www.afr.com/real-estate/residential#ixzz3zk9P7IfE

Struggling homebuilder Simonds not going private 'at this stage', Gary Simonds says

Chairman Gary Simonds, who remains the largest shareholder of Simonds Group says he has no plans to buy back shares and delist the company he founded in 1949.

The Australian Financial Review

http://www.afr.com/real-estate/residential#ixzz3zccP7B4m

Buildcorp looks at other sectors to attract more women

Buildcorp principal Josephine Sukkar last month hired a former nurse as a project manager. It sounds strange, but it's not unusual, Sukkar says.

The Australian Financial Review

http://www.news.com.au/finance/markets/australian-markets/australian-market-smashed-at-open/news-story/d89ac968c13839cac782baaef0fde36f

ASX200 facing biggest drop in four months

Renewed fears about slowing global growth have wiped more than $40 billion off the value of the Australian share market, which is on course for its biggest fall in more than four months.

news.com.au