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Jindabyne mortgagee sale hits $79k over reserve

A Jindabyne unit earmarked for a mortgagee sale has sold for $79,000 above reserve using online sales platform Openn Negotiation.

National

The Economy

REIA REMF Report - Australia's housing market proves resilient over 2020 with price rises in most States

The Real Estate Institute of Australia President, Mr Adrian Kelly said over the September quarter, the weighted average capital city median price increased by 0.4% for houses and by 0.7% for other dwellings.

Northern Territory (NT)

The Economy

Alice Springs sets the bar in real estate says REINT

2020 has been an outstanding year for Territory real estate, but it’s not over yet and Alice Springs has delivered an amazing finish to the year with 114 properties settled in October and November alone, Mr Andrew Doyle Southern Representative for the Real Estate Institute of Northern Territory REINT.

Western Australia (WA)Perth

The Economy

Openn Negotiation brings solid results for WA agency

Realmark Coastal’s, Dean Bradley has made his first foray into the innovative Openn Negotiation sales method with the campaign of a property at 56 Daglish Street, Wembley in WA.

National

The Economy

John McGrath – Australia’s Great Regional Relocation

John McGrath, founder and executive director, McGrath Estate Agents looks at how the events of 2020 have created a great regional relocation, as people seek the fresh air and space of regional areas.

National

People

RE/MAX Financial Services brand expands Australian directorship

Pivotal Financial, the RE/MAX aligned financial services group, this week announced the appointment of Matthew Andrews to the Board of Directors.

National

The Economy

A valuable lesson for property investors

Michael Conolly, Head of Network Property Management at McGrath reviews some of the lessons learnt by property investors in 2020 and the real value of an experienced property manager.

Victoria (Vic.)Melbourne

People

Featured Property

Get to know Sarah Neilson of The Agency

"Communication is key, it’s always key and that means listening as well as talking," Sarah Neilson of The Agency.

National

The Economy

First home buyers dominate Australia’s property market for the first time in a decade - REIA

The Real Estate Institute of Australia's latest “The Housing Affordability Report (HAR)” has recorded a ten-year high for first homes buyers in the last quarter.

National

The Economy

Top 20 Revealed – Australia’s best regional towns for first home buyers - ME Bank

ME has today released the top 20 regional towns in Australia for first home buyers looking for an affordable lifestyle boost after the COVID-19 pandemic.

Pages

News Roundup

https://www.mortgagebusiness.com.au/breaking-news/11317-foreign-apartment-investment-to-plummet-as-construction-winds-down?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin27_07_17&utm_medium=email&utm_content=2

Foreign apartment investment to plummet as construction winds down

Foreign investor activity is likely to fall “considerably” in 2017-18, with Sydney foreign buyer-supported apartment starts expected to fall from the 2015-16 peak of 50,000 to below 30,000, say Master Builders.

Mortgage Business

http://www.architectureanddesign.com.au/news/fremantle-s-west-end-becomes-state-s-largest-ever

Fremantle’s West End becomes state’s largest-ever heritage listing

Around 200,000sqm of land have been placed on Western Australia’s heritage register in a bid to protect the area’s gold rush-era buildings.

Architecture&Design

https://www.domain.com.au/news/the-real-reason-one-million-homes-were-vacant-in-the-census-data-report-20170726-gxhy8q/

The real reason one million homes were ‘vacant’ in the census data

Analysis of census data by SGS Economics & Planning found there “does not appear to be a large pool of dwellings withheld from the housing market”.

Domain

https://www.mortgagebusiness.com.au/breaking-news/11312-attempts-to-curb-investment-futile-as-china-s-gdp-swells?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin26_07_17&utm_medium=email&utm_content=2

Attempts to curb investment futile as China’s GDP swells

Efforts to limit foreign investment are akin to “holding back the ocean with a broom”, says CT Johnson, MD of China research company Cross Border Management.

Mortgage Business

http://www.queenslandcountrylife.com.au/story/4809608/elders-turns-on-the-water-pressure-in-broking-market/?cs=4699

Elders turns on the water pressure in irrigation market

Hot on the heels of Ruralco upgrading its national water trading service, agribusiness rival, Elders, has confirmed it has bigger ambitions in the water market, too.

Queensland Country Times

https://www.mortgagebusiness.com.au/breaking-news/11311-1-in-10-australians-puts-tax-rebates-towards-mortgages?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin26_07_17&utm_medium=email&utm_content=4

1 in 10 Australians puts tax rebates towards mortgages

New research has revealed that nearly a third of Australians are planning to save their tax rebates this year.

Mortgage Business

http://www.weeklytimesnow.com.au/real-estate/south-australia/milliondollar-plus-property-sales-are-up-in-adelaides-southwestern-beaches/news-story/639b06d4bb643af79462711e1e6c303a

Million-dollar property sales are up in Adelaide’s southwestern beaches

Hills-dwellers looking for a seachange, locals climbing the real estate ladder, and Chinese investors have fuelled a 30% increase in million-dollar house sales in Adelaide’s southwest beaches.

Weekly Times Now

https://sourceable.net/grenfell-tragedy-should-be-a-catalyst-for-uniform-accreditation-system/

Grenfell Tragedy Should Be a Catalyst for Change

The Grenfell disaster can provide a warning to authorities here in Australia, but the opportunity will be wasted if the focus is strictly limited to the use of a particular building material.

Sourceable