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Australians think it's a good time to purchase property, despite thinking house prices will fall further, Westpac survey reveals

Westpac's monthly consumer sentiment survey reveals most Australians believe now is the best time to buy a house, despite thinking house prices will fall further still.

New South Wales (NSW)

Politics

NSW property industry to move ahead with Conveyancing Legislation Amendment Bill

The New South Wales Government has passed legislation that will allow the electronic witnessing of documents, in a move welcomed by the Real Estate Institute of New South Wales (REINSW).

Queensland (Qld)

The Economy

Southeast Queensland suburbs among best in state for price growth

Data from industry body the Real Estate Institute of Queensland (REIQ) and CoreLogic reveals the highest growth suburbs in Queensland.

New South Wales (NSW)Sydney

Featured Property

Grand Mosman home with majestic Middle Harbour views

This private family sanctuary connects expansive indoor and outdoor living spaces with sparkling water views. For sale by Michael Coombs and Eliza Fitzpatrick of McGrath Mosman.

New South Wales (NSW)Sydney

The Economy

Where are Sydney's priciest suburbs?

The Harbour City is home to some of the country's most expensive real estate, but where are Sydney's most expensive suburbs?

National

People

5 time management skills all real estate agents need

Director of Resolver Recruitment, Virginia Brookes says these are the most important time management skills real estate agents need to be successful.

Victoria (Vic.)Melbourne

People

Art meets real estate in Kay & Burton's Armadale office

Kay & Burton continue leading the charge with their new Armadale "experience" office.

Queensland (Qld)Brisbane

Featured Property

Classic riverfront family estate on 3,593sqm

With three separate residences across three titles, deep-water mooring, and north-south facing tennis court, this estate draws inspiration from the cascading waterfront lavishness of a Majorcan villa. For sale by Sarah Hackett of Place Bulimba.

National

The Economy

"No bright spot" in latest housing finance figures

President of the Real Estate Institute of Australia (REIA) Malcolm Gunning says there is "no bright spot" in the latest housing finance figures, released by the Australian Bureau of Statistics (ABS).

National

The Economy

A quarter of first home buyers also considering purchasing investment property, new research reveals

New research from Westpac reveals a quarter of first home buyers are considering buying both an investment property and an owner-occupier home.

Pages

News Roundup

https://au.news.yahoo.com/thewest/wa/a/30800035/high-praise-for-down-to-earth-pilbara-design/

High praise for down-to-earth Pilbara design

This rammed earth wall in the Pilbara is the longest of its kind in Australia and probably, the architects say, the longest in the Southern Hemisphere. Now the 230m wall has been selected as a finalist in the WA architecture awards selected by the Australian Institute of Architects.

The West Australian

http://www.afr.com/real-estate/residential#ixzz3ztcLfPih

Mirvac warns on residential and commercial property

The Mirvac CEO says residential property market has passed an inflection point but expects the residential division to bring better results in the second half.

The Australian Financial Review

http://www.abc.net.au/news/2016-02-10/development-group-pushes-for-action-on-housing-plans/7154262

Development group pushes for action on housing plans

The Hunter region branch of a development lobby group has called on the New South Wales Government to create a body to oversee the implementation of the Hunter regional plan. The Government released a draft of the plan in November 2015, and the NSW Parliamentary Secretary for the Hunter, Scot MacDonald, will attend a meeting of the Hunter branch of the Urban Development Institute of Australia today.

ABC News

http://www.moneymorning.com.au/20160210/good-signs-for-australian-construction-as-borals-profits-jump-23-cw.html

Good Signs for Australian Construction As Boral's Profits Jump 23%

Boral reported a 23% increase in NPAT. Revenues increased to $137 million.

Money Morning Australia

http://www.businessinsider.com.au/feng-shui-in-australian-property-2016-2

Australian developers are using feng shui to lure Chinese foreign buyers

Australian developers are using feng shui elements in new building designs to attract Chinese consumers. Incorporating feng shui – the ancient Chinese art of designing spaces to balance energies between living space and body – has become an increasing selling point in recent years, with Chinese homebuyers willing to pay more for a home which promises good energy.

Business Insider Australia

http://www.afr.com/real-estate/residential#ixzz3zk9P7IfE

Struggling homebuilder Simonds not going private 'at this stage', Gary Simonds says

Chairman Gary Simonds, who remains the largest shareholder of Simonds Group says he has no plans to buy back shares and delist the company he founded in 1949.

The Australian Financial Review

http://www.afr.com/real-estate/residential#ixzz3zccP7B4m

Buildcorp looks at other sectors to attract more women

Buildcorp principal Josephine Sukkar last month hired a former nurse as a project manager. It sounds strange, but it's not unusual, Sukkar says.

The Australian Financial Review

http://www.news.com.au/finance/markets/australian-markets/australian-market-smashed-at-open/news-story/d89ac968c13839cac782baaef0fde36f

ASX200 facing biggest drop in four months

Renewed fears about slowing global growth have wiped more than $40 billion off the value of the Australian share market, which is on course for its biggest fall in more than four months.

news.com.au