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Somerville acreage hits $402k above reserve in digital sale

A 10-acre property in Somerville Victoria has sold $402,500 above the reserve, after fierce bidding through online platform, Openn Negotiation.

South Australia (SA)

The Economy

REISA welcomes new affordable housing funding deal

The Real Estate Institute of South Australia (REISA) has welcomed the agreement between the National Housing Finance and Investment Corporation (NHFIC) and the South Australian Government that will deliver new social and affordable housing in SA.

Queensland (Qld)Sunshine Coast

People

Get to know Greg McRae of McRae Real Estate

With 30 years as a licensed builder, Greg McRae really understands the product he is selling.

New South Wales (NSW)Sydney

People

Get to know Annie Yeo of The Agency

"The various property management functions are like many cogs in a wheel; every area of PM is crucial to the wheel turning smoothly."

New South Wales (NSW)Sydney

Featured Property

Record Earlwood sale for McGrath's Alexandria Stamatiou-Buda

McGrath’s Alexandria Stamatiou-Buda has smashed her own record by more than $2 million with the sale of a luxury home in her speciality suburb of Earlwood.

National

The Economy

John McGrath – When will the market craziness end?

John McGrath founder and executive director of McGrath Estate Agents says after things settle down a bit, we’ll still see a healthy market but not so many of these crazy prices.

National

The Economy

REIA to host ‘getting real’ policy forum in Darwin in a bid to address housing issues across Australia

The Real Estate Institute of Australia (REIA) will meet with key political and industry leaders in Darwin on 9 June, 2021 to present Getting Real, REIA’s 2021 Strategic Policy Forum.

Queensland (Qld)Gold Coast

People

Get to know Brett Martin of Smarties Real Estate

A top-class negotiator with hands-on experience working in some of the biggest markets in the world, Brett holds over 20 years of sales and marketing experience running his own marketing organisation as well as a global television presenter.

Queensland (Qld)Brisbane

Featured Property

‘Kurrowah’: Grand architectural residence on expansive grounds - Place

Only 3km from Brisbane’s CBD, this 1918 Dutton Park home sits on approx. 3,073sqm of child friendly grounds with 6 bedrooms and potential to extend. For sale by Simon Caulfield of Place Kangaroo Point.

Victoria (Vic.)Melbourne

Featured Property

Stately Gypsy Village Victorian with modern family appeal - The Agency

This classic Sandringham home has featured in many media productions including ‘The Wedding Party’ starring Isabelle Lucas. For sale by Simone Tindall and Christine Henderson of The Agency.

Pages

News Roundup

https://www.dezeen.com/2017/10/10/ikea-launches-first-furniture-range-pets-cats-dogs/

IKEA launches first range of furniture for cats and dogs

IKEA's first furniture collection designed specifically for pets includes a treehouse-like cat hideaway, and a bowl that encourages dogs to eat slowly.

Dezeen

http://www.theaustralian.com.au/business/property/capital-controls-hit-foreign-buyers-in-brisbane-says-ubs/news-story/c22be1691ffd12de9c3842302dfd8472

Capital controls hit foreign buyers in Brisbane, says UBS

The Brisbane apartment market is seeing one in five foreign buyers fail to settle due to tighter capital controls, according to investment bank UBS.

The Australian

http://www.afr.com/markets/equity-markets/mcgrath-is-a-sign-of-things-to-come-for-property-and-rates-20171106-gzflwf?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29103085&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/markets/equity-markets/mcgrath-is-a-sign-of-things-to-come-for-property-and-rates-20171106-gzflwf%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-11-07&Day_Sent=07112017

McGrath is a sign of things to come for property and rates

If there is going to be a major slow down in property, surely it's going to show up early in the performance of a listed real estate agent.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/news/17097-negative-gearing-mortgage-stress-and-foreign-investment-driving-unsustainable-property?utm_source=SmartPropertyInvestment&utm_campaign=07_11_17&utm_medium=email&utm_content=1

Negative gearing, mortgage stress and foreign investment driving unsustainable property

According to one expert, the current state of housing affordability stems from tax incentives such as negative gearing, and first home buyer grants, low interest rates, lax lending standards and foreign investing.

Smart Property Investment

https://sourceable.net/has-fire-safety-been-ignored-for-profits/

Has fire safety been ignored for profits?

Questions must be asked about whether fire safety has taken a back seat in the the ‘gold rush’ of money flooding in to multi-residential building.

Sourceable

https://www.mortgagebusiness.com.au/breaking-news/11647-westpac-still-dominating-investor-lending-market

Westpac still dominating investor lending market

Westpac's full-year results suggest the group continues to be a beacon for property investors, who accounted for 47% of mortgage flows in 2H17.

Mortgage Business

http://www.afr.com/opinion/columnists/what-australian-really-wants-lower-house-prices-20171105-gzf2p8?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29102875&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/opinion/columnists/what-australian-really-wants-lower-house-prices-20171105-gzf2p8%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-11-06&Day_Sent=06112017

What Australian really wants lower house prices?

Housing makes up about 55% of the gross assets of Australians, it is worth more than three times as much as our superannuation, and its total value was $6.7 trillion in the June quarter. It makes sense to care about property values.

The Australian Financial Review

http://www.smh.com.au/comment/from-boom-to-gloom-how-rising-house-prices-have-become-a-worry-20171103-gzeh8r.html

From boom to gloom: how rising house prices have become a worry

When Australians are asked what worries them most, things such as healthcare, the cost of living, unemployment and crime are always near the top of the list. But in the past two years a new source of anxiety has registered in the polls: housing.

The Sydney Morning Herald