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Number of Australians becoming homeowners plummets: HILDA survey

Renters are quickly becoming a growing demographic in Australia, as fresh research reveals the proportion of Australian renters becoming homeowners has nosedived.

National

The Economy

Opportunity ripe for developers as demand for uni housing increases

Australia’s student housing sector is predicted to boom in the coming years, due to an increasing number of Australian and international university students, according to a report by Knight Frank.

Northern Territory (NT)Darwin

Featured Property

Rural Northern Territory luxury with central swimming pool

Situated on an estate of approx. 5 acres in Berry Springs, this architect-designed, single level residence is split into two wings to create the ultimate, private luxury escape. For sale via May Dunlop of Sotheby’s International Realty Darwin.

National

The Economy

Australian housing downturn gathers speed

CoreLogic's July Home Value Index results, released today, reveals national dwelling values are falling at their fastest annual rate since 2012.

Victoria (Vic.)Melbourne

Design

Melbourne needs to re-think approach to urban sprawl, architects and planners say

Architects and urban planners have gathered in Melbourne to discuss how to design more ethical cities at the Collectivity Talks – Ethical Cities panel discussion.

New South Wales (NSW)Sydney

People

Dermot Lowry joins Knight Frank as Partner, Head of Occupier Services

Knight Frank have announced the appointment of Dermot Lowry as Partner, Head of Occupier Services, Australia.

Tasmania (Tas.)Hobart

Featured Property

Industrial renovation: Hobart warehouse conversion

With over 816sqm of usable floor space, this warehouse space is waiting to convert someone’s industrial sized dreams into a residential reality. For sale by Marcus Freebody of LJ Hooker Hobart.

Northern Territory (NT)

The Economy

REINT's Quentin Kilian calls on government to address $1.2b property sales plunge in Northern Territory

Real estate sales in the Northern Territory have plummeted $1.2 billion in the three years since the height of the LNG boom, according to Real Estate Institute of Northern Territory (REINT) Chief Executive Officer, Quentin Kilian.

Queensland (Qld)

People

Ray White Commercial Queensland promotes young gun

After just four years at Ray White Commercial Queensland director Matthew Fritzsche has been promoted to partner at the leading 30 year old business.

National

Construction

New home sales tick upwards for first time this year

New home sales have increased for the first time this year, according to the Housing Industry Association (HIA) New Home Sales report.

Pages

News Roundup

http://www.news.com.au/realestate/buying/average-aussies-negatively-gear-property/story-fni0catf-1227606550650

Average Aussies negatively gear property

Cleaners, hairdressers, nurses, teachers and emergency service workers are among the hordes of low to middle-income earners negatively-gearing property in Australia, surprising new figures show.

news.com.au

http://www.heraldsun.com.au/realestate/news/melbourne-vic/capitol-grand-apartment-expected-to-set-australian-record-price/news-story/d8709fdf1ecfd377db35acf61efad278

Capitol Grand apartment expected to set Australian record price

The record for Australia’s most expensive apartment is set to tumble before year’s end, the man inking contracts for the six-star Capitol Grand skyscraper says.

Herald Sun

http://www.dailytelegraph.com.au/realestate/buying/welcome-to-the-era-of-the-1-million-block/story-fni0cate-1227604656636

Welcome to the era of the $1 million block

No kitchen, no bathroom — no worries. These well-placed properties are asking more than $1 million, but where’s the house?

The Daily Telegraph

http://www.marketwatch.com/story/how-to-use-a-reverse-mortgage-to-protect-your-retirement-income-2015-11-11

How to use a reverse mortgage to protect your retirement income

A growing body of research is showing that homeowners of all stripes should consider using a reverse mortgage in conjunction with their portfolio-withdrawal strategy. Such loans, where you borrow from the equity in your home, can help you preserve your nest egg, leave a legacy, or both.

Market Watch

http://www.afr.com/real-estate/unhappy-first-birthday-on-the-bourse-for-simonds-as-housing-is-shunned-20151109-gku7np

Unhappy first birthday on bourse for Simonds

Homebuilder Simonds is about to mark its first year of trading as a publicly listed company with a share price that has shed value and a chief executive who is on the way out. The company chairman Gary Simonds founded in 1949 – and which makes one-third of its profit from vocational training – is further dogged by negative sentiment towards the private education sector.

The Australian Financial Review

http://www.sunshinecoastdaily.com.au/news/consecutive-award-win-shows-company-is-a-builder-w/2834674/

Second award win shows this building company's got Clout

A superbly designed and custom built home at Noosa Heads has featured in the Housing Industry Association's annual Sunshine Coast/Wide Bay Housing Awards. Paul Clout Design took out Sunshine Coast Home of the Year for the second year in a row at the awards, held at Novotel, Twin Waters on Friday.

The Sunshine Coast Daily

http://www.afr.com/real-estate/residential#ixzz3rArKiHqV

Mirvac and Lendlease top Melbourne sales charts

Listed developers Mirvac Group and Lendlease are riding Melbourne's outer suburban new housing boom with their residential communities topping the sales charts over the September quarter, according to the National Land Survey Program.

The Australian Financial Review

http://www.bloomberg.com/news/articles/2015-11-10/chinese-millionaires-snub-new-australian-stocks-for-visa-program

Chinese Millionaires Snub New Australian Stocks-for-Visa Program

Chinese millionaires, who happily invested in Australian bonds and real estate to get residency visas, are turning up their noses at small-cap stocks. Just 19 people have sought permits since Australia overhauled requirements for its investor visas in July by forcing applicants to put at least A$1.5 million ($1.1 million) of the A$5 million they need to spend in the country into smaller equities and another chunk into venture capital.

Bloomberg