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Household financial comfort dragged down by residential property price falls and weakening labour market: report

Australian households are feeling overall worse about their net wealth, jobs, income and living expenses, a new report from ME has found.

New South Wales (NSW)Sydney

People

Knight Frank expands Prestige Residential sales team with two new appointments

Knight Frank has welcomed two new agents to its Prestige Residential sales team, with Adam Ross and Oliver Stillman adding to the firm's global presence in the sector.

Victoria (Vic.)Melbourne

Featured Property

Inspiring family eco retreat with treetop aspect

This stunning Donvale property features a luxury main residence, as well as converted barn accommodation, mini orchard, paddocks, stables and more. For sale by Daniel Broadbent and Sophie Broadbent of Jellis Craig Doncaster East.

Design

Four great estates

These stunning estate properties are not only picturesque and significant, but they also offer income-generating options. As seen on Luxury List.

Queensland (Qld)Sunshine Coast

Featured Property

Striking Sunshine Coast beachfront oasis

Perched on one of the largest absolute beachfront land parcels on the Sunshine Coast, this stunning home boasts amazing views and a resort-size pool featuring the ultimate slide. For sale by Milan Markanovic of Tom Offermann Real Estate Noosa Heads.

National New South Wales (NSW)

Politics

Dentons and Colliers achieve landmark NSW sale

Dentons advised on all aspects of the collective sales process and handled the Land and Environment Court proceedings, while Colliers International agents Gus Moors and Karen Wales marketed 252 Sussex Street through an International Expressions of Interest campaign.

National

The Economy

Housing finance figures show slight growth

Real Estate Institute of Australia President Adrian Kelly said overall the figures for June 2019 show, in seasonally adjusted terms, that the number of owner-occupied finance commitments excluding refinancing increased by 0.4 per cent.

Victoria (Vic.)

People

Better Homes and Gardens Real Estate opens Richmond office

The footprint for Better Homes and Gardens Real Estate continues to grow with the opening of the first Victorian office in Richmond.

Queensland (Qld)

People

Ray White members descent onto Queensland for Ignite 2019

Queensland's Ignite 2019 program brought together over 700 Ray White Group members for a day of training and advice on how to navigate current market conditions.

New South Wales (NSW)Sydney

Featured Property

Found: ‘Poirot’s’ art deco penthouse

Positioned within Darlinghurst’s iconic 'Mont Clair' building, this 6th floor apartment takes in breathtaking views of the CBD, Harbour Bridge, Opera House and Sydney Harbour. For sale by Anthony Birdsall of Laing Real Estate Potts Point.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/banyan-trees-brisbane-apartment-project-in-demand/news-story/b223473acd31e81ab13da5b77f02d208

Banyan Tree’s Brisbane apartment project in demand

Australia’s first Banyan Tree apartment development has been well received by upper-end buyers in the wealthy Brisbane suburb of Kangaroo Point.

The Australian

http://www.afr.com/news/wages-growth-stuck-at-record-low-20160817-gquehl

Wages growth stuck at record low

Wages growth for the past two quarters are the weakest since 1998, the first full year of the wage price index.

The Australian Financial Review

http://www.abc.net.au/news/2016-08-18/tax-office-foreign-real-estate-buyer-enforcement/7751596

Foreign buyers pay less than $700,000 in ATO fines despite crackdown

In the first seven months after tougher penalties for illegal foreign property investors were introduced, the ATO collected less in fines than the cost of an average Sydney house.

ABC

http://www.afr.com/business/construction/fletcher-building-ceo-says-towers-with-no-lights-are-a-sign-of-weak-sydney-apartment-sales-20160816-gqu0t4

Fletcher Building CEO says towers with no lights are a sign of weak Sydney apartment sales

The boss of Australasian building products group Fletcher Building is worried the property sector has too many investors, and not enough owner-occupiers.

The Australian Financial Review

http://www.architecturaldigest.com/story/schmidt-hammer-lassens-dokk1-public-library-year

Schmidt Hammer Lassen’s Dokk1 named public library of the year

The Danish firm beat out the SOM-designed Chinatown branch of the Chicago Public Library for the annual prize.

Architectural Digest

http://www.architectureanddesign.com.au/news/south-australia-joins-high-rise-education-experime

SA joins high-rise education experiment with new primary school

SA will follow the lead of NSW and Victoria by testing a high-rise school in its capital city.

Architecture & Design

http://www.theaustralian.com.au/business/economics/be-wary-on-foreign-funds-says-rbas-glenn-stevens/news-story/f4c20744b86da7167839c5ce279b40a6

Be wary on foreign funds, says RBA’s Glenn Stevens

Glenn Stevens says Australia should do more to attract the flow of funds that builds new businesses but be cautious about foreigners simply purchasing existing assets.

The Australian Financial Review

http://thenewdaily.com.au/money/property/2016/08/16/chinese-buyer-crackdown/?utm_source=Responsys&utm_medium=email&utm_campaign=20160817_TND

The truth about the crackdown on Chinese buyers

Australia’s escalating crackdown on Chinese housing investors is reportedly painting the nation as racist.

The New Daily