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The Economy

John McGrath – Price growth continues but pace slows

The market remains strong, however there are signs that suggest we may be passed the peak, according to John McGrath founder and executive director of McGrath Estate Agents.

New South Wales (NSW)Sydney

Featured Property

Former quarry transformed into private architectural sanctuary – The Agency

One of the only fully new builds in the Queens Park Heritage zone, this urban oasis delivers high tech, low maintenance living. For sale by Ben Collier and Edward Reid of The Agency.

Queensland (Qld)Brisbane

Featured Property

Clayfield home with award winning minimalist design - Ray White

This award winning home by respected architect James Russell is at one with its secluded surroundings. For sale by Christine Rudolph of Ray White New Farm.

Queensland (Qld)Brisbane

Featured Property

Suburb record for Greenslopes heritage home with city views - Place

Sold by Sarah Hackett of Place Bulimba, who told WILLIAMS MEDIA, “We are experiencing the best market Brisbane has experienced in over a decade.”

Queensland (Qld)Brisbane

Featured Property

Place Ascot sells character Queenslander for $2 million in 1 day

Sold off-market by Patrick McKinnon of Place Ascot, who told WILLIAMS MEDIA the number of off-market sales has increased significantly in the last quarter.

National

The Economy

CoreLogic: Australian housing market surpasses $8 trillion valuation

CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion.

National Queensland (Qld)

People

Gold Coast glamour sells for $2.7 million

A luxurious property in one of Queensland’s most affluent areas has sold via online auction for $2.7 million, after sitting idle on the market for several years.

People

The creation of REAL Specialists

Jared and Shallain Hodge embarked on a new journey when they realised the old franchise model was dead.

Queensland (Qld)Brisbane

Featured Property

Romantic Chelmer home in prestigious setting with separate studio for sale – Place

Built in 1947, this charming residence features beautiful gardens, modern updates and a functional separate studio. For sale by Ann-Karyn Fraser of Place New Farm.

National

The Economy

Detached dwelling approvals reach new record - HIA

“Detached building approvals in March reached their highest level since the ABS began this series in 1983,” stated Senior Economist, Nick Ward.

Pages

News Roundup

http://www.theaustralian.com.au/news/nation/salim-mehajer-in-car-crash-on-way-to-court/news-story/8da22f7bb14e2d9db4f6e4144f8dcdd4

Salim Mehajer ‘in car crash’ on way to court

Embattled property developer Salim Mehajer has been involved in an alleged car accident on his way to Sydney’s Downing Centre Local Court to begin an assault trial.

The Australian

http://thenewdaily.com.au/money/property/2017/10/15/the-block-open-inspection/

The Block: Thousands turn out to tour finished houses

Melbourne’s embrace of the 13th season of The Block has drawn huge crowds to the inspections of the five Elsternwick house offerings.

The New Daily

https://theconversation.com/room-sharing-is-the-new-flat-sharing-84359

Room sharing is the new flat sharing

High rents and short-term rentals are driving people to organise themselves to share rooms with strangers in order to live in the city.

The Conversation

http://www.afr.com/real-estate/residential-rezoning-announced-for-telopea-in-sydneys-west-20171013-gz0omw

Residential rezoning announced for Telopea in Sydney's west

The NSW government has announced a rezoning proposal for Sydney northwestern suburb Telopea to accommodate residential development of 4,900 new social and affordable homes.

The Australian Financial Review

http://www.smh.com.au/nsw/controversy-over-bronte-rsl-site-redevelopment-turns-violent-20171009-gyx8h3.html

Controversy over Bronte RSL site redevelopment turns violent

An incident involving the opponent of the redevelopment of the Bronte RSL is the latest flashpoint in a battle between residents and property speculators, one of a number of similar disputes taking place across Sydney.

The Sydney Morning Herald

http://www.smh.com.au/business/the-economy/chinese-buyers-set-to-keep-underpinning-australian-home-prices-analysts-20171011-gyynlx.html

Chinese buyers set to keep underpinning Australian home prices

Almost one in four new homes in NSW is being snapped up by a Chinese buyer, according to Credit Suisse analysis of NSW Revenue figures.

Sydney Morning Herald

http://www.afr.com/business/infrastructure/australias-hot-infrastructure-market-cools-as-investors-take-fright-20171010-gyygge?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29099246&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/business/infrastructure/australias-hot-infrastructure-market-cools-as-investors-take-fright-20171010-gyygge%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-10-12&Day_Sent=12102017

Australia's 'hot' infrastructure market cools as investors take fright

Australia is no longer the world's hottest market for infrastructure investment as unpredictable federal policies and a slowdown in asset sales encourages investors to look elsewhere.

The Australian Financial Review

http://www.huffingtonpost.com.au/2017/10/10/fearless-real-estate-agent-catches-shark-and-throws-it-back-into-ocean_a_23239273/

Fearless Real Estate Agent Catches Shark And Throws It Back Into Ocean

Sydney real estate agent Melissa Hatheier has attracted attention after catching a shark with her bare hands on Monday and returning it to the ocean.

Huffington Post