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REINSW supports property sector overhaul

The Real Estate Institute of NSW (REINSW) has urged the NSW Lower House to follow the lead of the Upper House and pass the Property Services Council Bill to help prevent real estate-related disputes and deliver better consumer outcomes.

New South Wales (NSW)

People

Laing+Simmons reveals new board

Laing+Simmons is under new ownership and a new Board has just been announced to lead the business through its next phase of growth.

National

People

REIA signs inaugural sponsorship agreement with realestate.com.au

The Real Estate Institute of Australia (REIA) is pleased to announce a unique new sponsorship agreement today in Adelaide with Australia’s #1 address in property, realestate.com.au.

Queensland (Qld)

People

Get to know Real Specialists Principal Gail Bernardin

"Clients want to connect with ‘real’ people and have ‘real service’ delivered."

National

The Economy

Australia Number 2 In Top-10 for Asian Cross-Border Property Buyers: Juwai IQI

Australia is the 2nd-most popular destination for residential real estate buyers from across Asia, according to the new Top 10 Asian Buyer Picks report from Juwai IQI.

Victoria (Vic.)

People

“I was trying not to sell it too quickly”: Hayeswinckle agent uses tech to maximise price

With multiple offer scenarios the norm in a hot market, more agents are turning to technology to maximise the results for their sellers.

Victoria (Vic.)

The Economy

2021: breaking records and boosting confidence says REIV

Records were shattered last month with February recording the highest ever auction clearance rate for the month of February in Victoria.

New South Wales (NSW)

The Economy

Unpredictable vacancy rates the only constant for residential rental market - REINSW

The REINSW Vacancy Rate Survey results for February 2021 show that the residential rental market across New South Wales remains unpredictable.

Queensland (Qld)

People

Queensland agency rebrands as LJ Hooker Fraser Coast after 83 years as an independent

One of Australia’s oldest independent real estate firms, Sprake Real Estate, established in 1938 in Queensland, has announced it has rebranded and joined the LJ Hooker Group.

New South Wales (NSW)

People

First National announces NSW 2020 General Excellence & Marketing Awards

First National Real Estate’s New South Wales agents were presented with their 2020 General Excellence and Marketing Awards at Hyatt Regency Sydney on Saturday night.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/knight-frank-unveils-buildtorent-division-plans/news-story/925728f48acef7f4bde36e3510c9e2a1

Knight Frank unveils build-to-rent division plans

Knight Frank has launched a new residential investments division to focus on the build-to-rent sector in Australia.

The Australian

http://www.architectureanddesign.com.au/news/brisbane-s-princess-alexandra-hospital-to-have-fla

Brisbane’s Princess Alexandra Hospital to have cladding removed

It could take until early 2019 to completely remove and replace all the external façade cladding on the Princess Alexandra Hospital, which has been identified as being potentially flammable.

Architecture and Design

http://www.news.com.au/finance/economy/australian-economy/issuing-new-loans-against-unrealised-capital-gains-has-created-an-australian-house-of-cards/news-story/853e540ce0a8ed95d5881a730b6ed2c9

Issuing new loans against unrealised capital gains has created an Australian ‘house of cards’

The Australian mortgage market has “ballooned” due to banks issuing new loans against unrealised capital gains of existing investment properties, creating a $1.7 trillion “house of cards”, warns “The Big Rort” report by LF Economics founder Lindsay David.

news.com.au

http://www.theaustralian.com.au/business/property/malaysian-developer-uem-sunrise-unveils-new-melbourne-project/news-story/e920ed5ac61487ad7429a579ae8d4d2e

Foreign banks fill buyer void

Foreign-owned banks are stepping in to lend to offshore buyers of residential property in Australia as local banks continue to pull back, says Raymond Cheah, director of Malaysian developer UEM Sunrise.

The Australian

http://www.afr.com/markets/equity-markets/the-economy-is-not-strong-wages-remain-weak-and-rates-will-stay-on-hold-20170906-gybpl4

The economy is not strong, rates will stay on hold

Wages growth is weak and household debt remains high. GDP numbers were propped up by government spending.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11456-supply-demand-mismatch-remains-acute?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin06_09_17&utm_medium=email&utm_content=2

Supply-demand mismatch ‘remains acute’

The HIA says land price increases are “unrelenting”, and are the single biggest factor behind deteriorations in housing affordability.

Mortgage Business

https://www.mortgagebusiness.com.au/breaking-news/11455-apra-limits-extraordinarily-successful?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin06_09_17&utm_medium=email&utm_content=1

APRA limits ‘extraordinarily successful’

Residential building is “on the threshold of a sharp decline”, courtesy of an “extraordinarily successful regulatory intervention” to discourage investors, says BIS Oxford Economics.

Mortgage Business

http://www.afr.com/real-estate/sydney-listings-up-124pc-on-last-year-point-to-slower-spring-sqm-research-20170905-gybbcs?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29094035&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/sydney-listings-up-124pc-on-last-year-point-to-slower-spring-sqm-research-20170905-gybbcs%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-09-06&Day_Sent=06092017

Sydney listings up 12.4% on last year, point to slower spring: SQM

Sydney listings rose 5% in August, pointing to a "normal" spring market with higher stock levels that will lower auction clearance rates and flatten price growth, SQM managing director Louis Christopher said.

The Sydney Morning Herald