The Real Estate Conversation

Contact

REIA is urging Government to improve supply planning around housing development

Real Estate Institute of Australia (REIA) is urging the Federal and State governments to improve planning approval times in a bid to address the diminishing housing supply.

National

The Economy

Mortgage serviceability cheaper than renting on over a third of Australian properties - CoreLogic

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.2% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.

New South Wales (NSW)

People

Kim Jones joins KOLLOSCHE Byron Bay

Leading real estate figure Kim Jones joins Kollosche Byron Bay. Kim hails from real estate royalty in Sydney where her late mother Di Jones has been a leading name in the boutique property sector for more than 25 years. “We’re thrilled to have Kim on board,” says Kollosche Director Michael Kollosche.

National

People

Finalists announced for Openn Excellence Awards 2021

Online real estate sales platform, Openn Negotiation, has announced the finalists for their upcoming virtual awards night on the 5th of August.

Western Australia (WA)Perth

The Economy

The 10 Perth suburbs to record the biggest improvement in sales volumes in the 2020-21 financial year - REIWA

REIWA President Damian Collins said of the 10 suburbs to make the list, six had more than doubled their sales tally in the 2020-21 financial year versus the 2019-20 financial year.

Queensland (Qld)Gold Coast

People

REAL Specialists Wayne Bisgrove: “The high end market on the Southern Gold Coast has never been stronger”

"Specializing in only beachfront sales gives us a distinct advantage and unparalleled market knowledge.”

Queensland (Qld)Gold Coast

Featured Property

Newly renovated villa at the heart of Main Beach for sale - REAL Specialists

With a no expense spared renovation, this villa delivers an ideal Queensland lifestyle. For sale by Jonathon Santic of REAL Specialists.

National

The Economy

Sensible approach to royal commission reforms to benefit homeowners and mum-and-dad investors - REIA

Real Estate Institute of Australia (REIA) has welcomed recent exemptions provided to real estate for both deferred sales models for home and landlord insurance as well as exemptions for property managers and real estate agents in insurance claims handling reforms.

National

The Economy

Strong new home sales in June quarter - HIA

The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.

National

The Economy

m3property welcomes new non-executive board appointment

The Board of m3property has welcomed the appointment of Catherine Leahy as independent Non-Executive Director. m3property Chairman, Grant Jackson, said the company was looking forward to Ms Leahy’s input and expertise.

Pages

News Roundup

http://www.afr.com/real-estate/performance-dashboard-western-sydney-suffers-worst-mortgage-stress-20171129-gzvl46

Western Sydney suffers worst mortgage stress

Western Sydney is one of the country's hardest-hit areas for mortgage stress, with one in 10 households struggling to meet their mortgage payments, according to a new series of housing affordability indicators the federal government will soon release.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/avjennings-eyes-build-to-rent/news-story/854199b37d80d10a4ffade1b6f3a4bc0

AVJennings eyes build to rent

Listed residential developer AVJennings is looking to develop high-quality residential build-to-rent projects aimed at long-term investors.

The Australian

https://sourceable.net/lacrosse-builder-finally-agrees-replace-flammable-cladding/

Lacrosse Builder Finally Agrees to Replace Flammable Cladding

Three years after fire ripped from the sixth floor to the 21st floor in minutes, the builder behind the Lacrosse apartment towers in Melbourne’s Docklands has agreed to replace the combustible cladding.

Sourceable

http://www.afr.com/real-estate/cba-crackdown-to-ensure-property-market-sustainability-20171128-gzus7w

CBA crackdown to ensure property market 'sustainability'

The Commonwealth Bank, the nation's largest home lender, is launching a major overhaul of its lending policies.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11729-housing-imbalances-still-exposing-banks-to-risk-s-p?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin30_11_17&utm_medium=email&utm_content=1

Housing imbalances still exposing banks to risk: S&P

Standard and Poor’s has released an Australian banking sector update which reveals that house prices and private sector borrowing imbalances are still exposing the banks to risk.

Mortgage Business

https://sourceable.net/what-can-be-hidden-from-an-unsuspecting-buyer/

What Can Be Hidden from an Unsuspecting Buyer?

Is that new paint job hiding water damage?

Sourceable

http://www.afr.com/real-estate/japans-daiwa-house-expands-in-australia-with-purchase-of-volume-builder-rawson-group-20171128-gzujte

Japan's Daiwa House expands in Australia with purchase of volume builder Rawson Group

Tokyo-listed Daiwa House has expanded into Australia's volume house building sector with the acquisition of the fifth-biggest home builder in NSW.

The Australian Financial Review

http://www.afr.com/real-estate/unsustainable-debt-forces-mortgage-broker-echoice-sale-20171128-gzusby

'Unsustainable debt' forces mortgage broker eChoice sale

eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a 'major financial institution' after being placed into voluntary liquidation.

The Australian Financial Review