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National

The Economy

Busy week of auctions ahead, says CoreLogic

Melbourne will be the main buzz for auction activity this week, leading up to Melbourne Cup week.

National

People

Sold! Sold! Sold! Auctioneer winner for third time

Justin Nickerson wins REIA's 2019 Australasian Auctioneering Championships for the third time.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

This 1880s farm cottage is a Fitzroy oasis

Surrounded by gardens and tastefully enhanced, this inner-Melbourne residence includes a newly-built artist's studio. For sale by Shayne Mooney and Anthony Gattuso of Nelson Alexander Fitzroy.

National

People

Five Aussies have called it in Auctioneering Championship finals

The 2019 Australasian Real Estate Institutes’ Auctioneering Championships is an all Australian affair after competitors representing New Zealand failed to make the cut.

Victoria (Vic.)Melbourne

People

Winners for apartment social experiment have been chosen

Australian Apartment Advocacy in conjunction with Mirvac, has announced the three successful candidates for the first ever Victorian Apartment trial at the Forge Apartments development in the Docklands, Melbourne.

New South Wales (NSW)

Politics

NSW building reforms introduced into Parliament

A whole suite of reforms to be introduced to the building and construction industry thanks to the Design and Building Practitioners Bill 2019

South Australia (SA)Adelaide

Featured Property

Prestige living in tree-lined Rose Park

This bluestone villa circa 1900 offers modern day elegance and luxury family living, including a separate self-contained retreat. For sale by Stephanie Williams and John Williams of Harcourts Williams.

National

People

Participants go under the hammer at the 2019 Auctioneering Championships

Contestants lined up today for their chance to come away with the top prize at this year's Australasian Real Estate Institute's 2019 Auctioneering Championships.

Victoria (Vic.)Melbourne

Design

The sun shines on Brunswick East's new solar multi-residential project

Apartment living should not limit residents from accessing the benefits of solar energy, says Lucent

New South Wales (NSW)Sydney

Design

Architecture and design awards won by Arc by Crown Group

Two prestigious industry awards have been won by Arc by Crown Group for its iconic residnetial and hotel development.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/lack-of-new-stock-overshadows-strong-clearance-rates/news-story/4b0e5dd84ec34ad01aadafa827bd295b

Lack of new stock overshadows strong clearance rates

The national property market’s auction clearance rate is being maintained at strong levels, but the lack of new housing coming online is holding back potential buyers.

The Australian

http://www.afr.com/real-estate/jamie-mcintyre-capitulates-and-accepts-10year-ban-20161017-gs42jw

Jamie McIntyre 'capitulates' and accepts 10-year ban

21st Century Group CEO Jamie McIntyre and and his brother have accepted 10-year bans from managing corporations or offering financial services.

The Australian Financial Review

http://www.afr.com/business/construction/huxley-homes-buy-13-years-ago-sowed-seeds-of-day-destruction-20161017-gs43x8

Huxley Homes buy 13 years ago sowed seeds of Day destruction

An acquisition 13 years ago of NSW home builder Huxley Homes, a management structure which led to a string of complaints, and donations to the Family First party brought the house of Day down.

The Australian Financial Review

http://www.theaustralian.com.au/business/business-spectator/commentary/apartment-oversupply-problem-worse-than-reserve-bank-is-saying/news-story/38552547cb88e76e3a7f516f8674901a

Apartment oversupply problem worse than Reserve Bank is saying

Last May CoreLogic estimated the number of apartments due for completion in the Brisbane-Melbourne-Sydney market in the following two years (ie to April 2018) was over 200,000, more than five times the RBA's estimate.

The Australian Financial Review

http://www.theaustralian.com.au/business/financial-services/units-boom-to-trigger-defaults-and-price-falls-warns-rba/news-story/56419f1d8d31226431b3103c78df0a40

Units boom to trigger defaults and price falls, warns RBA

The RBA has warned the massive number of new apartment blocks approaching completion could send some developers broke and leave the banks with losses, as falling prices and difficulty obtaining finance cause buyers to default.

The Australian

http://www.domain.com.au/news/new-apartments-in-sydney-sell-like-hotcakes-despite-rbas-glut-warning-20161016-gs3llr/

Apartment sales soar despite RBA's glut warning

New apartment sales in Sydney soared on the weekend despite the RBA's warning on Friday of the risk of a glut in Sydney, Brisbane and Melbourne.

Domain

http://www.abc.net.au/news/2016-10-16/inquiry-finds-nsw-homeowners-should-be-allowed-to-lease-rooms/7936984

Airbnb set to benefit from accommodation inquiry

All NSW home owners should be allowed to use online house-sharing websites to let rooms to holiday-makers and tourists without being fined, a NSW parliamentary inquiry has found.

ABC

http://www.domain.com.au/news/elthams-one-of-a-kind-kevin-borlanddesigned-rice-house-for-sale-20161014-grzrl1/

Eltham's Kevin Borland-designed Rice House for sale

The Rice House, a unique, heritage-listed, mid-century building in Eltham, is on the market.

Domain