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Housing construction costs rise in first quarter 2020

The latest CoreLogic residential construction costs report (CHIP – March quarter) is out confirming costs associated with housing construction continued to rise over the first quarter of 2020 by 1 per cent.

National

The Economy

Elephant in the room: Landlord insurance

REIA's Adrian Kelly gives advice on what residential property investors should do when dealing with their landlord insurance.

National

The Economy

What will auctions look like post-coronavirus?

Auctioneer Justin Nickerson of Apollo Auctions has a peek at the future of auctions post-Coronavirus.

Victoria (Vic.)

Politics

Changes to Victorian Residential Tenancy Act on hold

REIV President Leah Calnan has welcomed the Victorian Government’s decision to hold off on introducing changes to rental laws

New South Wales (NSW)

Politics

How much is the Bank’s generosity costing you?

REINSW CEO Tim McKibbin questions who really is footing the bill when it comes to banks, landlords and tenants.

Victoria (Vic.)Melbourne

People

Kay and Burton welcomes Oliver Booth to their South Yarra team

One of Melbourne’s most successful real estate agents, Oliver Booth joins Kay & Burton South Yarra

National

The Economy

Valuer General releases study on impact of bushfires on land value

The latest report on the impact of recent bushfire events on land values has been released by the NSW Valuer General, Dr David Parker.

National

The Economy

Private treaty and pre-auction sales prove popular during Coronavirus restrictions

Real estate agents have adapted to doing business under the Coronavirus restrictions resulting in significant properties sold, according to Ray White and McGrath agents.

National

The Economy

John McGrath – First home buying during Covid-19

John McGrath, founder of McGrath Estate Agents encourages first home buyers to continue their property search.

Western Australia (WA)

Politics

REIWA welcomes WA Government's easing open home restrictions and rent assistance

REIWA welcomes McGowan Government’s announcements, firstly to allow the number of people who can attend an open home to be increased from two people (including the agent) to a maximum of 10 people and secondly, rent assistance to help property owners through the Coronavirus pandemic.

Pages

News Roundup

http://www.theaustralian.com.au/news/inquirer/infrastructure-planners-driving-a-corridor-to-the-future/news-story/59e827a2921a1771ecd316fe1812e4c6

Infrastructure planners driving a corridor to the future

Soaring prices for residential property is making Infrastructure Australia chairman Mark Birrell worried that if governments don’t act now to stake out future freight, fuel and passenger transport corridors, it will be harder and more expensive to get nationally significant infrastructure projects up.

The Australian

http://www.afr.com/real-estate/residential/vic/vba-melbourne-bring-charges-corkman-irish-pub-demolishers-face-hefty-fines-20170224-gukyk6

Corkman Irish Pub demolishers face hefty fines

The Victorian Building Authority and the City of Melbourne have thrown the book at rogue developers Stefce Kutlesovski and Raman Shaqiri.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/tasmania-real-estate-has-historic-appeal-for-cashedup-buyers/news-story/315c388e61e04fc938f2f7eaeebcc957

Tasmania real estate has historic appeal for cashed-up buyers

Tasmania’s Victorian and Georgian mansions are highly sought after, attracting locals and mainlanders with the promise of escape from the humdrum of everyday life.

The Australian

https://mobile.nytimes.com/2017/02/24/realestate/lenny-kravitz-is-the-interior-designer-for-a-nolita-building.html?smid=tw-nytrealestate&smtyp=cur&referer=

Lenny Kravitz, Interior Designer

A seven-storey building in New York will have interiors designed by the Grammy-winner, combining the area’s scruffy, art-fueled past with lavish Manhattan luxury.

The New York Times

https://www.domain.com.au/news/housing-affordability-expected-to-deteriorate-further-by-2027-nab-report-20170222-gujc0s/

Australians expect housing affordability to deteriorate further by 2027: NAB report

Australians are more pessimistic about the future of housing affordability than any other lifestyle factor, a new report shows, having a knock-on effect onto business confidence.

Domain

http://www.mortgagebusiness.com.au/breaking-news/10842-apra-announces-fresh-guidance-on-mortgage-lending?utm_source=MB&utm_campaign=MBNewsflash23_02_2017&utm_medium=email

APRA announces fresh guidance on mortgage lending

APRA has outlined changes to serviceability assessments, buffers and the assessment and verification of income, living expenses and other debt commitments.

Mortgage Business

http://www.businessinsider.com.au/australians-are-holding-onto-their-homes-and-its-starting-to-hurt-real-estate-agents-2017-2

Australians are holding onto their homes and it's starting to hurt real estate agents

McGrath has partly blamed fewer homes available to sell for its profit slump.

Business Insider Australia

http://www.theaustralian.com.au/business/wall-street-journal/british-property-companies-preparing-for-a-downturn/news-story/5adeefa0e0e5fd44e9b401f60ec3f08a

British property companies preparing for a downturn

British property companies are preparing for a downturn by stepping up sales and stalling development plans.

The Australian