The Real Estate Conversation

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John McGrath – What we should do about housing affordability

John McGrath founder and executive director of McGrath Estate Agents says any assistance that can be provided to first home buyers to get themselves on the first rung of the property ladder should be considered.

Victoria (Vic.)Melbourne Brighton

Featured Property

Golden Mile Brighton Penthouse for sale - Kay & Burton

The Penthouse at 22A Glyndon Avenue Brighton for sale by Alex Schiavo and Tracy Tian Belcher of Kay & Burton delivers high-end appointments and a rooftop terrace with views to the bay and You Yangs.

Queensland (Qld)Brisbane

People

Get to know Sarah Hackett of Place New Farm

Known for her ability to maximise the perceived value of a property for her clients, Sarah Hackett is the #1 Female Agent in QLD 2022.

Queensland (Qld)Brisbane

Featured Property

Suburb record Greenslopes home sold for over $5 million – Place

158 Sackville Street Greenslopes sold by Sarah Hackett of Place New Farm prior to auction, setting a new suburb record.

Queensland (Qld)Gold Coast

Featured Property

Builder’s own home lakeside Pelican Waters for sale - The Agency

10 Tooringoor Close Pelican Waters for sale by Jemma Wilson of The Agency was designed by renowned master builder Terry Beavis, as his private waterfront residence.

New South Wales (NSW)

Featured Property

Southern Highlands acreage for sale with vineyard and cellar door - The Agency

135 Kells Creek Rd Woodlands for sale by Cameron McKillop and Ben Olofsen of The Agency is a lifestyle property with business and future potential.

New South Wales (NSW)Sydney

Featured Property

Brand new luxury Enfield terraces for sale - The Agency Projects

The Henley Residences at 6 Mitchell Street Enfield for sale by Steven Chen of The Agency Projects offer personalised dream homes beside Henley Park.

Western Australia (WA)Perth

The Economy

Perth sales volumes reach highest level in 12 years during March - REIWA

REIWA President Damian Collins said the Perth market was showing no signs of slowing down, with reported weekly sales back to levels last seen in March 2010.

National

The Economy

Australia's smallest cities drive growth in national housing values as Sydney and Melbourne decline - CoreLogic

CoreLogic’s national Home Value Index (HVI) was up 0.7% in March, a subtle increase on the 0.6% lift recorded in February. The uptick in the monthly rate of growth was primarily driven by stronger conditions in Brisbane, Adelaide, Perth and the ACT, along with several regional areas, offsetting a slip in values across Sydney and Melbourne.

National

Construction

Super cycle continues after Omicron lull - HIA

“Building approvals increased by 43.5 per cent in February following a poor result in the previous month,” stated HIA Economist Tom Devitt.

Pages

News Roundup

http://www.afr.com/real-estate/singapore-sovereign-backs-108m-brisbane-property-20180517-h106y5

Singapore sovereign backs $108m Brisbane property

Charter Hall Group has purchased, on behalf of the government of Singapore's sovereign wealth fund GIC, an office tower in Brisbane for more than $100 million.

The Australian Financial Review

https://www.theage.com.au/national/victoria/festival-hall-gets-heritage-listing-could-be-spared-wrecking-ball-20180517-p4zfyu.html

Festival Hall gets heritage listing, could be spared wrecking ball

The springy timber floor at its centre; the old, tiered wooden bleachers to the east and west; the theatre-like balcony to the south; the low stage to the north.

The Age

https://www.smh.com.au/national/nsw/terrace-housing-backflip-councils-density-code-20180517-p4zfyj.html

Missing muddle: government gives ground on terrace housing plan

The NSW Planning Minister, Anthony Roberts, will consider suspending a new code that makes it easier to build medium-density housing for any council that wants to change its planning rules.

Sydney Morning Herald

https://www.brisbanetimes.com.au/national/queensland/council-resumes-land-bought-130-years-ago-after-failing-to-find-owner-20180516-p4zfpt.html

Council resumes land bought 130 years ago after failing to find owner

A small lot of land in Brisbane’s west purchased by a man 130 years ago has been resumed by Brisbane City Council.

Brisbane Times

https://www.canberratimes.com.au/politics/act/new-public-housing-to-be-built-on-fluffy-blocks-20180515-p4zfbv.html

New public housing to be built on Fluffy blocks

New public housing will be built on five former Mr Fluffy blocks, as the Barr government continues to decommission and demolish ageing public housing flats across Canberra.

Canberra Times

http://www.afr.com/business/not-the-home-of-pool-parties-malouf-familys-100m-calile-hotel-20180514-h101tc

Not the home of pool parties: Malouf family's $100m Calile Hotel

Brisbane's Malouf family is set to capitalise on the city's appetite for new high-end hotels when its $100 million urban resort The Calile Hotel opens in Fortitude Valley later this year.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/cladding-fire-risk-for-12-000-queensland-buildings-20180517-p4zfrx.html

Cladding fire risk for 12,000 Queensland buildings

Flammable cladding blamed for London's Grenfell Tower fire has been used on as many as 12,000 buildings in Queensland, a taskforce has found.

Brisbane Times

https://www.theage.com.au/politics/victoria/road-that-swallowed-homes-may-come-back-for-second-bite-20180516-p4zfn4.html

Road that swallowed homes may come back for second bite

Residents in the path of the dumped East West Link could again face the forced sale of their homes if the Coalition wins the November election.

The Age