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Prime minister launches City Deal for Western Sydney

Malcolm Turnbull, Gladys Berejiklian and eight Western Sydney councils have agreed to a co-ordinated plan for the region, including plans for Badgerys Creek airport, new bus and rail links, the Badgerys Creek "Aerotropolis", and an agribusiness precinct.

Victoria (Vic.)Melbourne

Featured Property

Bold, beautiful and bespoke in Brunswick

This one-of-a-kind, five-bedroom, period showpiece is set amid lush landscape gardens. For sale through Matthew Layburn of Nelson Alexander Brunswick and Carl Sacco of Nelson Alexander Preston.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

It pays to work closely with buyers in the current market: Chris Hassall, Buxton Bentleigh

With property markets returning to more moderate levels, it pays to work closely with buyers to secure sales, says Chris Hassall of Buxton Bentleigh.

New South Wales (NSW)

Politics

REINSW to explain real estate reforms at 2018 Roadshow

Changes to training and licensing requirements in the real estate industry will be the focus of the Real Estate Institute of New South Wales’ 2018 Roadshow series.

National

Politics

Transform state agency approval processes to lower new housing costs: Property Council

A new report has found that fixing inefficiencies in the approval processes of major housing projects could unlock $360 million in economic benefits, and help ease some of the pressure on property prices.

South Australia (SA)Adelaide

Featured Property

Glory on Storey: a landmark Hahndorf estate

This architecturally designed residence set in established botanic-style gardens includes a paddock and championship-standard grass tennis court. For sale by Matt Kenny of Toop & Toop Stirling.

National New South Wales (NSW)Sydney

The Economy

Softer Sydney prices, higher listing numbers see return of confidence: Chris Wilkins, Ray White Drummoyne

"The confidence is really good, it's back," Chris Wilkins of Ray White Drummoyne told SCHWARTZWILLIAMS.

National

Politics

APRA ready to lift 10% cap on growth in investor lending: Wayne Byres

APRA chairman, Wayne Byres, has said the regulator is ready to lift the 10 per cent cap on growth in investor lending, but the cap on interest-only loans will stay.

International

People

Ed Norton lists Malibu beach house for $6.8m

After buying a $15 million architectural landmark home in Malibu last year, actor Edward Norton is now selling his waterfront duplex on Las Flores Beach.

Queensland (Qld)

Featured Property

Uncompromising luxury: Port Douglas oceanfront estate

This unrivalled north-facing family home has 180 degree views across the Coral Sea and Great Barrier Reef Low Isles to Thornton Peak. For sale by Barbara Wolveridge of Queensland Sotheby's International Realty.

Pages

News Roundup

http://www.architectureanddesign.com.au/news/national-association-of-building-designers-to-get

First female president for building designers association

The National Association of Building Designers has confirmed that Tamica Lewis and Sam Payne will take over as the new President and Vice President respectively.

Architecture & Design

http://www.abc.net.au/news/2015-08-07/harry-triguboff-billionaire-property-developer-building-meriton/6676962

Harry Triguboff: Billionaire property developer on building the Meriton empire and housing affordability

Harry Triguboff, or "High-Rise Harry", is Australia's third richest man and the visionary responsible for introducing affordable apartment blocks to inner-city Sydney. The self-made billionaire's company, Meriton, is Australia's largest residential developer.

ABC News

http://www.theaustralian.com.au/business/property/architect-nik-karalis-made-head-of-woods-bagots-global-operations/story-fnko7zi0-1227471556562

Architect Nik Karalis made head of Woods Bagot’s global operations

Nik Karalis sounds relaxed, and with good reason. It’s been two weeks since being promoted to head of architecture firm Woods Bagot’s global operations. Woods Bagot now has 14 offices in five regions throughout the world.

The Australian

http://www.perthnow.com.au/realestate/news/joe-hockey-orders-foreign-investors-to-sell-australian-properties/story-fnhlgriw-1227475417364

Foreign investors in Hockey's sights

Treasurer Joe Hockey has ordered the sale of six foreign-owned residential properties, including in Perth, and warned there are others in his sights. Mr Hockey announced on Saturday five investors from four countries have 12 months to sell their half-dozen properties in Sydney and on the outskirts of Brisbane and in Perth.

Perth Now

http://www.theaustralian.com.au/business/property/key-housing-issues-not-being-addressed-says-john-symond/story-fn9656lz-1227474432646

Key housing issues not being addressed, says John Symond

Australia’s market regulators have failed to address fundamental problems in the housing sector, according to Aussie Home Loans chairman John Symond, who this morning used a parliamentary inquiry to lash taxation arrangements and foreign buyers for driving first-home buyers from the property market.

The Australian

http://www.news.com.au/finance/real-estate/why-house-prices-dont-need-to-be-a-consistent-multiple-of-income/story-fncq3era-1227475132661

Should income keep pace with house prices?

It makes sense house prices should be linked to income. But if the graph creeps up, does that mean there’s going to be a housing crash?

news.com.au

http://www.abc.net.au/news/2015-08-08/investigations-into-illegal-foreign-investor-property-purchases/6682872

Investigations into foreign investors allegedly illegally buying Australian homes more than doubles

The number of investigations into foreign investors allegedly illegally purchasing Australian homes has more than doubled since June, Federal Treasurer Joe Hockey says. Mr Hockey said there were now 462 cases under investigation.

ABC Online

http://www.afr.com/real-estate/cba-tightening-up-on-property-developer-finance-20150804-gir2v0

CBA tightening up on property developer finance

Commonwealth Bank of Australia has tightened its lending to apartment developers because new capital requirements, and particularly the restrictions on lending to investors, increase the settlement risk at the end of the project.

The Australian Financial Review