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Timber imports responding to record housing demand - HIA

“Shortages of timber have caused extended delays to house building over the last year and a half,” stated HIA Economist Tom Devitt.

National

The Economy

Budget 2022 must have a plan for homes and jobs

Real Estate Institute of Australia (REIA) is calling on the Federal Government in election year to tackle key issues on our minds: homes and jobs in Budget 2022.

New South Wales (NSW)

Politics

$30 million kickstart for regional housing - NSW Government

The delivery of homes will be fast-tracked in regional communities experiencing housing pressure, ahead of the NSW Government’s initial response to the Regional Housing Taskforce recommendations.

New South Wales (NSW)Sydney

The Economy

REINSW: Four predictions for 2022

With real estate transaction activity set to kick back into full gear in February, the Real Estate Institute of NSW (REINSW) has identified four key predictions for the market in 2022.

National

People

Fast-growing PropTech appoints leading real estate figure

RESO announces the appointment of Grant Harrod as Non-Executive Director.

National

The Economy

Openn data reveals volatile pricing trend

Online property sales platform, Openn, has released its first market update of 2022.

Queensland (Qld)Brisbane

Featured Property

Mango Hill family entertainer for sale - REAL Specialists

The two storey Brisbane home, for sale by John Stewart of REAL Specialists, delivers space for multigenerational living, including 3 living areas and 3 outdoor sitting areas.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

People

Coronis Group appoints new Financial Services Director

The Coronis Group has announced a key appointment to their Executive Leadership Team with Peta Siebert as their new Financial Services Director.

Western Australia (WA)Perth

The Economy

Perth home values record biggest monthly growth rate since May - REIWA

REIWA President Damian Collins said this was a strong start to the year, especially given activity is typically lower in January following the festive season.

National

The Economy

Christmas home loans hit new high, challenges remain for first home buyers

Real Estate Institute of Australia (REIA) President, Hayden Groves said that loan commitments increased for owner occupiers and investors while first home buyer activity rose marginally for the second month in a row.

Pages

News Roundup

http://www.afr.com/real-estate/mortgage-delinquencies-to-rise-moderately-as-house-prices-fall-ratings-agencies-20180412-h0ynrd

Mortgage delinquencies to rise moderately as house prices fall

Ratings agency Moody's has warned mortgage delinquencies will increase moderately in 2018 as house prices soften, especially against low wage growth, and possible interest rate hikes.

The Australian Financial Review

https://www.architecturaldigest.com/gallery/tour-homes-norman-foster-frank-gehry-famous-architects?mbid=nl_04112018PM_Weekly&CNDID=22176954&spMailingID=13289320&spUserID=MjM4ODc1NTYxNTY2S0&spJobID=1380892180&spReportId=MTM4MDg5MjE4MAS2

Tour the Homes of Norman Foster, Frank Gehry, and Other Famous Architects

Walk through the stunningly designed spaces that legendary architects call home.

Architectural Digest

http://www.afr.com/real-estate/sydney-land-prices-fall-for-first-time-in-two-years-as-melbourne-hits-new-high-20180412-h0yoin

Sydney land prices fall for first time in two years as Melbourne hits new high

Sydney land prices fell 6.3% in the December quarter – nearly three times the decline of the overall residential land market.

The Australian Financial Review

https://www.teachermagazine.com.au/articles/the-worlds-most-innovative-school-architecture

The world’s most innovative school architecture

The German School is the largest civil architecture project by German architects abroad, and won an World Architecture Festival prize in 2016

Teacher

http://www.afr.com/real-estate/residential/vic/melbourne-land-crisis-deepens-as-median-residential-lot-price-hits-346000-20180411-h0ylx5

Melbourne land crisis deepens as median residential lot price hits $346,000

Rampant lot price growth in Melbourne's outer suburbs is showing no sign of slowing down, with the median lot price up nearly $100,000 or 39% in 12 months.

The Australian Financial Review

https://www.theaustralian.com.au/business/property/ahuri-backs-incentives-for-affordable-homes/news-story/42d24c3e8b1607c8c79e7d0b1e39f35e

AHURI backs incentives for affordable homes

Incentives and density bonuses for developers can help create more affordable housing for low income groups, following the experience of the US and Britain.

The Australian

http://www.abc.net.au/news/2018-04-11/real-estate-agent-crowdfunds-rent-pension-issues/9636184

Real estate agent crowdfunds client's rent after pension cut

Dark Holbrook fell behind with his rent after Centrelink mistakenly believed he was receiving an allowance from the UK where he once served in the military.

ABC

http://www.afr.com/real-estate/future-is-unclear-for-kushner-companies-666-fifth-avenue-office-tower-20180411-h0ylv3

Future is unclear for Kushner Companies' 666 Fifth Avenue office tower

Kushner Companies has been in a very public, three-year hunt for an investor to take over part of the Fifth Avenue office tower's $1.8 billion mortgage.

The Australian Financial Review