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Vendors are seeing their properties snapped up: Market Wrap

Buyers out in force as properties sell strongly at auction or before they are due to go under the hammer, according to agents Chris Wilkins from Ray White and James Baker of McGrath Estate Agents.

National

The Economy

John McGrath – Queensland No 1 for relocations

Great weather and affordable property prices make Queensland the place to go to work remotely, according to John McGrath, founder of McGrath Estate Agents.

Victoria (Vic.)

Featured Property

Contemporary family lifestyle on the Mornington Peninsula

For sale by Candice Blanch of Impact Realty Group, who told WILLIAMS MEDIA the bespoke coastal home "epitomises class and style".

Queensland (Qld)Sunshine Coast

People

Why Tom Offermann Real Estate’s Rebekah Offermann is positive on the second half of 2020

“There is a lot of cash shopping around in Noosa at the moment, and a lot of buyers in the marketplace looking for quality lifestyle properties.”

Queensland (Qld)Gold Coast

Featured Property

VUE Broadbeach apartment sold for record price

Sold by Veronika Princeton-Hall and Mashelle Jones of Queensland Sotheby’s International Realty, who told WILLIAMS MEDIA, “Affluent buyers are attracted to Broadbeach; particularly, to the high-profile established apartment towers.”

Victoria (Vic.)Melbourne

Featured Property

Hawksburn Village Victorian sold for $1.866m

The recently refreshed 2-bedroom terrace was sold by Nicole Gleeson and Nicky Rowe of Kay & Burton.

Queensland (Qld)Brisbane

Alchemy Restaurant offers premium at-home cuisine during COVID-19

Gourmet takeaway, pre made meals and a new sandwich concept have helped Brad and Angelica Jolly's Modern Australian restaurant Alchemy continue to connect with their guests during lockdown.

Queensland (Qld)

Pilot's paradise in SE Queensland at $1.9 million

Gracemere House is the epitome of grace and elegance and is situated between the beachside community of Hervey Bay and the heritage township of Maryborough, on the market through Michael Vettoretto of Queensland Sotheby’s International Realty.

New South Wales (NSW)Victoria (Vic.)

People

McGrath heads to Albury/Wodonga

McGrath Estate Agents has announced the opening of a new office in Albury, with principals Gabrielle Douglas and Philip Bell, reflecting its intent to expand into regional NSW and Victoria.

National

Politics

REIA calls for caution over new home building package

A new housing stimulus package for first home buyers could be detrimental to the real estate industry, according to Adrian Kelly, president, REIA.

Pages

News Roundup

http://www.afr.com/real-estate/china-house-price-rises-again-defying-purchase-curbs-20170319-gv1hlf

China house price rises again, defying purchase curbs

New home prices, excluding subsidised housing, rose in February in 56 out of 70 cities, compared with 45 in January, the National Bureau of Statistics said.

The Australian Financial Review

https://www.domain.com.au/news/sydney-ranked-10th-in-world-in-mercer-quality-of-life-survey-20170315-guy89c/

Sydney ranked 10th best city in the world for quality of living

Sydney has been named the best city in Australia for quality of life and the 10th best in the world, in the Mercer survey.

Domain

http://www.afr.com/real-estate/residential/melbourne-still-top-spot-for-chinese-buyers-with-hobart-rising-20170314-guxqk9

Melbourne still top spot for Chinese buyers with Hobart rising

Despite slugging overseas buyers with a new tax hit, Melbourne remains the most sought-after location for mainland Chinese property investment.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/rocks-rebellion-cracks-docksides-glassbuilding-plans/news-story/65817d91cc5349fa325b634d72331735

Rocks rebellion cracks Dockside’s glass-building plans

Residents of The Rocks in inner-city Sydney appear to have won their battle against the development of a four-storey glass building on Sydney Harbour.

The Australian

http://www.afr.com/news/policy/tax/raiding-super-for-housing-is-crazy-20170315-guyzv1

Raiding super for housing is 'crazy'

"To me it's a crazy idea that should be jumped all over because you are defeating the very purpose that you set out to achieve."

The Australian Financial Review

http://www.abc.net.au/news/2017-03-16/spit-bridge-tunnel:-$77m-earmarked-ahead-of-key-by-elections/8359658

NSW government commits $77m to Sydney Spit Bridge tunnel

The NSW has pledged $77 million to construction of a tunnel to bypass Sydney's Spit Bridge, three weeks out from the North Shore and Manly by-elections.

The ABC

http://www.afr.com/real-estate/chinas-approach-to-its-housing-boom-makes-australia-look-soft-20170314-guy76c?et_cid=29070057&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/chinas-approach-to-its-housing-boom-makes-australia-look-soft-20170314-guy76c&Email_name=MW5-03-15&Day_Sent=15032017

China's approach to its housing boom makes Australia look soft

While new housing supply is being added to by raising density levels, a policy that steers foreign buyers into 'off the plan' apartments puts them into the same space as many would-be local first-home buyers.

The Australian Financial Review

http://www.afr.com/real-estate/residential/the-xenophobic-twist-in-numbers-on-foreign-property-buyers-20170315-guyd9b?et_cid=29070057&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/the-xenophobic-twist-in-numbers-on-foreign-property-buyers-20170315-guyd9b&Email_name=MW5-03-15&Day_Sent=15032017

The xenophobic twist in numbers on foreign property buyers

The headline that 11% of residential property buyers in NSW are foreign citizens includes homes purchased jointly by Australian and foreign citizens or by dual citizens.

The Australian Financial Review