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Housing downturn 'should not be overstated', says CBRE economist

CBRE's global chief economist has given a philosophical assessment of Australia's housing market at the company's Annual Market Outlook event in Sydney.

Queensland (Qld)

People

Archers welcomes new CEO amidst industry growth

Archers the Strata Professionals have appointed a new CEO, with Nicky Lonergan joining the company from specialist accountancy firm SV Partners.

New South Wales (NSW)Sydney

Featured Property

'Daybreak': charm and elegance circa 1883

Intimately positioned in a Hunters Hill cul-de-sac, this family home showcases its character details. For sale by Tracey Dixon and Lee Dowdall of McGrath Hunters Hill.

National

The Economy

Getting the room: how to nail your share house interview

Follow these tips to score that sharehouse.

Victoria (Vic.)Melbourne

Featured Property

Inner Melbourne luxuriously large warehouse sanctuary

Warehouse conversion with landscaped garden in Brunswick East for sale by Nicholas Corby and Joscelyn Creese of Collins Simms. Open tomorrow, Thursday 21st Mar 2:00PM – 2:30PM

Queensland (Qld)

People

Jodie joins real estate elite with REIQ Awards

McGrath Caloundra Principal Jodie Hedley-Ward had more than one reason to celebrate at the REIQ Awards after being named Residential Salesperson of the Year and winning the Community Service Award with her team.

Queensland (Qld)

Design

Development site at Ormeau Hills available through Ray White Special Projects

A 'shovel ready' development site at Lot 1 Dalma Street, Ormeau Hills, is for sale through Ray White Special Projects.

Victoria (Vic.)Melbourne

Featured Property

Space and grandeur in Warrandyte

This generous family residence boasts sweeping spaces and modern luxuries including a theatre room, in-ground pool, and tennis court. For sale by James Goulopoulos and Alex Birckel of Jellis Craig Ivanhoe.

New South Wales (NSW)Sydney

The Economy

Eastern suburbs defy Sydney's falling market

While Sydney's housing market continues to weaken, some suburbs are defying the odds and recording high clearance rates.

New South Wales (NSW)Sydney

Featured Property

Surry Hills Sandstone Terrace c.1889 For Sale

Sandstone Terrace Circa 1899 - Village Living In The Heart of Sydney for sale by Slavko Romic of Romic Moore Property.

Pages

News Roundup

http://www.afr.com/real-estate/banks-overreacting-on-foreign-investor-curbs-say-real-estate-financiers-20160428-gogtym

Banks overreacting on foreign investor curbs, say real estate financiers

A high-powered panel of developers and real estate financiers has criticised the big banks for pulling back from lending to foreign buyers, warning they could end up shooting themselves in the foot.

The Australian Financial Review

http://www.theaustralian.com.au/national-affairs/state-politics/queenslands-tree-laws-will-hit-city-house-costs-property-council/news-story/c9db1da7840cf46bbaf7a3d1abbf2c75

Queensland’s tree laws will hit city house costs: Property Council

The Palaszczuk government’s proposed crackdown on tree-clearing could drive up the cost of new homes in cities and put big urban developments at risk, the Property Council has warned.

The Australian

http://www.theaustralian.com.au/national-affairs/turnbull-defends-negative-gearing-says-critics-in-cloudcuckooland/news-story/29b3dfcb3b428fb19169e939e4080b59

Turnbull defends negative gearing, says critics in ‘cloud-cuckoo-land’

Malcolm Turnbull has stepped up his defence of negative gearing, saying his critics are in “cloud-cuckoo-land” if they believe the opposition’s policies would not cause housing prices to collapse.

The Australian

http://www.afr.com/business/banking-and-finance/genworth-firstquarter-profit-falls-25pc-falls-as-appetite-for-risky-property-loans-falters-20160428-gohs6y

Genworth first-quarter profit falls 25% as appetite for risky property loans falters

Australia's biggest lender's mortgage insurer, which provides protection to lenders from borrowers defaulting on their home loans, said its first-quarter net profit fell 25% to $67.3m from $89.5m as lenders curbed their appetite for risky property loans.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/stockland-queensland-projects-to-deliver-22000-homes/news-story/30b71579d3cd39bfc105eda3b723723b?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20TheAustralianProperty%20%28The%20Australian%20%7C%20Property%29

Stockland Queensland projects to deliver 22,000 homes

Stockland has started work on three residential projects in Queensland that will deliver 22,420 new homes over the next 20 to 30 years.

The Australian

http://www.afr.com/real-estate/reject-packer-tower-planning-experts-tell-pac-20160428-goh7rz

Reject Packer tower, planning experts tell PAC

Crown Resorts' proposal for the $2 billion Sydney hotel, casino and apartment project on the waterfront at Barangaroo should be rejected, said leading planning experts at the public hearing into the proposal by the NSW Planning Assessment Commission.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/stockbrokers-worry-loss-of-negative-gearing-may-hit-markets-20160427-gogf5s

Stockbrokers worry loss of negative gearing may hit markets

Stockbrokers are worried Labor's negative gearing policy could hit them as it also abolishes the tax break on shares and could discourage equity investments as well as property.

The Australian Financial Review

http://www.afr.com/real-estate/deflation-has-landlords-rethinking-cpi-rents-and-leases-20160426-gofm1e

Deflation has landlords rethinking CPI rents and leases

Landlords are bracing for lower rents and have been locking in new leases without consumer price indexed adjustments because of the prospect of deflation in Australia.

The Australian Financial Review