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Queensland (Qld)

New leader for Belle Property Samford

The South-East Queensland based agency has a new owner, Leigh Hutton

Tasmania (Tas.)

People

All the winners from the Tasmanian 2019 REIT Awards for Excellence announced

Saturday night was the pinnacle for real estate agents in Tasmania where outstanding achievements were rewarded

National

The Economy

Peak housing body supports First Home Loan Deposit Scheme

The Housing Industry Association (HIA) welcomes the move by the Senate to pass legislation to support first home buyers

New South Wales (NSW)Sydney

Featured Property

'Heathcote:' Storybook waterside sanctuary

Offering a street-to-shore lifestyle, this spacious family residence in Hunters Hill boasts a private sandy beach and sandstone boathouse for escapes into Sydney Harbour. For sale by Tracey Dixon and Nicholas Cowdrill of McGrath Hunters Hill.

New South Wales (NSW)Sydney

The Economy

McGrath is on the move

After 21 years at its Edgecliff location, McGrath's head office is relocating to Pyrmont

Queensland (Qld)

Featured Property

Tropical island lifestyle 35min to Brisbane CBD

'Havana' Wellington Point beachfront home for sale by Pamela Neilson of McGrath Cleveland. Auction: Saturday 19th October

New South Wales (NSW)

The Economy

Rental vacancy rates in Sydney reach their lowest point for the year

REINSW Residential Vacancy Rate report shows drop in rental vacancies has also been mirrored by areas outside the Sydney area

South Australia (SA)Adelaide

Featured Property

Stately Dulwich stone mansion with sophisticated interiors

Offering versatility across two levels of luxury, this family residence is prestigiously located in one of South Australia's most tightly-held precincts. For sale by Stephanie Williams and John Williams of Harcourts Williams.

National

The Economy

Higher auction volumes see preliminary clearance rates bounce back

A much higher number of houses going to auction saw a busy week for real estate agents

New South Wales (NSW)Sydney

The Economy

'Significant' shift in Sydney rental market as vacancies down across the board

The September REINSW Residential Vacancy Rate Report reveals Rental vacancies in Sydney have dropped to their lowest rate this year, down a substantial 0.7 per cent on August.

Pages

News Roundup

https://au.finance.yahoo.com/news/housing-overvalued-most-other-assets-043011238.html

Housing overvalued like most other assets

Housing is overvalued, or at least very expensive, depending on which measure you use. The problem is, so is just about everything else.

Yahoo7

http://www.smh.com.au/business/return-on-equity-for-canadian-banks-is-higher-than-australias-big-four-20161006-grwfzb.html

Return on equity for Canadian banks is higher than Australia's big four

Australia's bank bosses fronting the parliamentary inquiry have sought to play down the returns they earn by drawing a parallel with banks in Canada, another commodity economy similar in structure.

Sydney Morning Herald

http://www.abc.net.au/news/2016-10-06/victorian-crackdown-on-house-price-underquoting/7911082?section=business

Victorian crackdown on house price underquoting means national industry is on notice

A penalty against a Melbourne real estate agency for its price underquoting of houses could be a step towards a more transparent market for buyers.

ABC Online

http://www.dailymail.co.uk/news/article-3825357/The-best-Australian-homes-Chinese-millionaires-afford-buy-Welcome-Golden-Week-sales-targeting-wealthy-Asian-investors.html

The best Australian homes only Chinese millionaires can afford to buy

It's Golden Week in China, a weeklong holiday where 600 million people flee overcrowded cities on vacation, including six million headed overseas. Some of the wealthiest flock to Australia by the planeload to check out some of the country's most sought-after properties to buy as investments or holiday homes.

Daily Mail

http://www.mortgagebusiness.com.au/breaking-news/10350-big-four-made-67-9m-in-august-by-delaying-cash-cuts?utm_source=MortgageBusiness&utm_campaign=06_10_16&utm_medium=email&utm_content=1&mc_cid=ec2a284e31&mc_eid=dcacb0b85f

Big four made $67.9m by delaying August cash cuts

ANZ, Commonwealth Bank of Australia, NAB and Westpac made $67.9 million in profit on home loans in August 2016 by delaying their cuts in interest rates, a professor of economics has revealed.

Mortgage Business

http://blog.realestateview.com.au/2016/10/sydney-really-risk-property-bubble-bursting/

Is Sydney really at risk of a property bubble bursting?

According to Michael Yardney, CEO of Metropole Property Strategists, the simple answer is NO and property values are not about to collapse! Sure house prices are high compared to many parts of the world, but rising prices per se don’t cause a bubble.

realestateVIEW.com

http://architectureau.com/articles/smar-studio-among-winners-of-science-island-design-competition-in-lithuania/

Australian studio wins first place in Science Island, Lithuania design competition

Australia- and Spain-based architecture firm SMAR Architecture Studio has won an international competition to design the new 33-hectare, €25-million ($36.8-million) National Science and Innovation Centre of Lithuania in Kaunas, known as Science Island. The winners were selected anonymously and announced by Lithuania’s prime minister.

ArchitectureAU

http://www.abc.net.au/news/2016-10-05/analysts-warn-apartment-prices-can-tumble-as-building-boom/7905758

Apartment prices fell 20pc back in 2004, could history repeat?

If history is much of a guide, then the apartment building boom still has at least another 18 months to run, while the last time there was a significant oversupply in the apartment market prices tumbled up to 20 per cent.

ABC News