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Largest quarterly fall in 72 year history of CPI: REIA

The release of the June 2020 CPI figures confirms the impact of COVID-19 on the Australian economy, according to REIA president Adrian Kelly.

National

Design

Australian homes to become greener with new standard

Updated requirements for new homes to achieve Green Star certification are taking shape, according to the Green Building Council of Australia.

New South Wales (NSW)

The Economy

Lifestyle acreage snapped up for record price: REAL Specialists

Private sanctuary at Bilambil has been sold through Brent Hodge of REAL Specialists for $1.6 million, the highest level achieved in the suburb.

National

The Economy

Supply and demand for skilled building trades on track: HIA report

Skilled trades supply and demand are close to equilibrium, according to the HIA Trades Report for the June quarter.

Western Australia (WA)

The Economy

WA property markets no longer need emergency legislation: REIWA

REIWA president, Damian Collins calls on the Western Australian government to allow the emergency period to end in September.

Queensland (Qld)

People

Record price for newly built quality home in Wavell Heights, Brisbane by Place

Matthew Jabs of Place says the Wavell Heights property record price was not a surprise due to the quality of the home.

New South Wales (NSW)

The Economy

First home buyers and construction industry boosted as stamp duty slashed

Stamp duty will be eliminated on newly-built houses below $800,000 and slashed for properties up to $1million in NSW.

National

The Economy

Record breaking prices for properties over the weekend: Market Wrap

Records tumble as luxury end houses are sold above expectations, say agents from The Agency and McGrath.

National

Construction

John McGrath – Covid-19 infrastructure recovery program starts locally

Australia is fighting back against economic destruction through its list of new infrastructure projects.

Northern Territory (NT)

The Economy

House sales increase during the pandemic in NT

The REINT June Quarter 2020 Real Estate Market Report makes for interesting reading as figures defy expectations.

Pages

News Roundup

http://thenewdaily.com.au/money/property/2017/04/26/inflation-misses-housing-crisis/?utm_source=Responsys&utm_medium=email&utm_campaign=20170427_TND

Inflation number misses the housing crisis

Almost nothing is to be seen of Australia’s housing crisis in the latest inflation figures.

The New Daily

http://www.architectureanddesign.com.au/news/world-s-first-rope-free-elevator-wins-thyssenkrupp?utm_source=Newsletter%20Lists&utm_campaign=b443b9feb9-Architecture%2520and%2520Design%2520Newsletter%2520-%2520201&utm_medium=email&utm_term=0_3aac924711-b443b9feb9-100081773

World’s first rope-free elevator wins Gold for thyssenkrupp at Edison Awards

A new thyssenkrupp elevator has taken home the Transportation and Logistics Gold award at the recent 2017 Edison Awards in New York.

Architecture and Design

https://www.domain.com.au/news/more-rent-bidding-apps-to-launch-in-australia-as-rental-revolution-looms-20170427-gvslpc/

More ‘rent bidding’ apps to launch in Australia as rental revolution looms

Online rental marketplaces, where tenants go head-to-head with offers for properties, are becoming an inevitable reality for Australian renters, with the upcoming launch of two Aussie-specific apps: Live Offer and Rentwolf.

Domain

http://www.afr.com/real-estate/mirvacs-apartment-sales-activity-rises-18pc-overweight-in-sydney-melbourne-20170426-gvtczt

Mirvac's apartment sales rise 18%

The rate of defaulting apartment buyers at listed group Mirvac remains below 2% as strong market conditions continue to underpin the company's performance.

The Australian Financial Review

https://www.dezeen.com/2017/04/25/overseas-investors-london-housing-market-crisis-faulty-towers-report-property-transparency-international-uk/?utm_medium=email&utm_campaign=Daily%20Dezeen%20Digest&utm_content=Daily%20Dezeen%20Digest%20CID_27cccd7ad86cd7c113ed3cd1b375e557&utm_source=Dezeen%20Mail&utm_term=More

Overseas investors are exacerbating London's housing crisis

Foreign investors are using illicit wealth to buy up property in luxury developments in London, out-pricing locals, says an anti-corruption report by anti-corruption group Transparency International.

Dezeen

http://www.abc.net.au/news/2017-04-26/perth-housing-slump-a-lesson-for-sydney-and-melbourne/8473174

Perth's housing slump 'a lesson for Sydney and Melbourne'

Financial counsellors in Western Australia are in demand from a new client base — people who were earning high incomes during the mining boom but now are struggling to pay their mortgages.

The ABC

https://www.domain.com.au/news/key-dates-loom-for-famous-perth-properties-left-on-the-shelf-waiting-for-buyers-20170426-gvrrye/

Famous Perth properties left on the shelf waiting for buyers

Properties in Perth’s most sought-after suburbs that have been on the market for months or even years may finally be snapped up as the local market shows signs of stabilisation.

Domain

http://www.theaustralian.com.au/business/property/apartment-prices-slide-in-middlering-melbourne-brisbane-suburbs/news-story/46f482f0223d143bd382a3f1163254c5

Apartment prices slide in middle-ring Melbourne, Brisbane suburbs

Older-style units in suburban areas are falling out of favour with local investors worried about limited prospects for capital growth, and restrictions on transferring funds out of China are also having an effect.

The Australian Financial Review