The Real Estate Conversation

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Auctioneers reaping benefits of mid-week auctions

The location of many auctions may be changing, but the skillset of an auctioneer remains critical says Nest Realty’s Vasco Horta.

New South Wales (NSW)

Featured Property

Two Tweed area properties sell amid growing interest in the region – REAL Specialists

Sold by James Shugg of REAL Specialists, who told WILLIAMS MEDIA the area is seeing a lot of people relocate from bigger urban areas.

New South Wales (NSW)Sydney

The Economy

Sydney’s prestige residential price growth forecast higher than global average: Knight Frank research

Sydney's prime residential market has remained strong in the face of the global pandemic, with predictions for price growth in 2021 higher than the global average, according to Knight Frank’s latest global research.

National

The Economy

Where first home buyers want to live in 2020

New research from Westpac shows that COVID-19 is continuing to shape Australian home ownership goals, with the number of first home buyers looking to enter the property market in the next five years doubling from 7 per cent before the pandemic to 16 per cent.

Queensland (Qld)Brisbane

Design

McGrath delivers another Blockbuster win as Queenslander’s Jimmy and Tam reap a record $1.066 million on the Block 2020

McGrath Founder and Executive Director John McGrath said “We’re absolutely delighted to be involved again with The Block which has gone from strength to strength every year since its inception.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

The Economy

John McGrath – Wave of WFH seachangers heading to Queensland

A boom cycle in South East Queensland is long overdue according to John McGrath, founder and executive director, McGrath Estate Agents.

Queensland (Qld)Gold Coast

Featured Property

Two adjoining Gold Coast apartments for sale - REAL Specialists

Units 230 and 232, for sale by Wayne Bisgrove of REAL Specialists, are positioned on Level 2 of the Oaks Gold Coast Calypso Plaza Suites Coolangatta

New South Wales (NSW)

Single-level beachside residence for sale in Kingscliff - REAL Specialists

A plantation-style residence offering luxury living mixed within a low maintenance beachside setting is for sale through Matt Luff of REAL Specialists.

Victoria (Vic.)Melbourne Brighton

Featured Property

Sarah and George’s house for Channel 9’s ‘The Block’ is up for Auction

Featuring the entertainers backyard that the judges awarded 10/10, the updated 1940s Brighton home is for sale via Jesse Raeburn, Peter Kakos and Christine Henderson of The Agency.

New South Wales (NSW)

Featured Property

Beacon Hill: 100 acre Bowral estate for sale

This spectacular home commands an entirely private, north-facing position high above both Mittagong and Bowral. For sale by Ben Olofsen and Cameron McKillop of The Agency.

Pages

News Roundup

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16371-sub-400k-perth-suburbs-set-for-big-jump?utm_source=SmartPropertyInvestment&utm_campaign=20_07_17&utm_medium=email&utm_content=5

Sub $400k Perth suburbs set for big jump

According to the project director of two real estate development businesses, property buyers in Perth should be buying in Two Rocks and Yanchep in order to capitalise on an expected upswing.

Smart Property Investment

http://www.smh.com.au/federal-politics/political-news/census-snapshot-one-million-homes-left-empty-across-australia-20170717-gxcpiw.html?utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn%3Atwi-13omn1677-edtrl-other%3Annn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o%26sa%3DD%26usg%3DALhdy28zsr6qiq

One million homes left empty across Australia

Leading UNSW urban policy expert, Hal Pawson, says it's "cruel and immoral" that Australia has 200,000 more homes sitting empty than it had a decade ago, despite the country grappling with a housing supply shortage.

The Sydney Morning Herald

http://www.afr.com/news/economy/monetary-policy/rba-sets-35pc-as-new-normal-for-official-cash-rate-20170718-gxdnfh

RBA sets 3.5% as new normal for official cash rate

The RBA has put households on notice it has pegged 3.5 per cent as the new normal for the cash rate, equivalent to eight rate hikes above today's level.

The Australian Financial Review

http://www.mansionglobal.com/articles/68197-u-s-china-relationship-key-to-global-luxury-real-estate-s-future-says-knight-frank-s-market-watcher?mod=mansion_global_articles_en_wsj_home

US-China Relationship Key to Global Luxury Real Estate’s Future, Knight Frank

Market watcher Liam Bailey says he’s surprised by how much governments around the world are getting into the property game.

Mansion Global

http://www.afr.com/real-estate/commercial/leasing/pitt-street-mall-overflow-drives-up-retail-rents-20170718-gxdgdd

Pitt Street Mall overflow drives up retail rents

Prime retail rents in the Sydney CBD surged 10% in the first six months of the year as tenant demand spilled over from tightly held Pitt Street Mall into surrounding buildings, says CBRE.

The Australian Financial Review

https://sourceable.net/grenfell-insulation-acceptable-non-combustible-cladding/

Grenfell insulation Was Acceptable Only with Non-Combustible Cladding

A certificate issued by the Local Authority Building Control said the synthetic insulation chosen for the £10m refurbishment of the tower was acceptable for use on tall buildings only if used with non-flammable fibre cement panels, but was used in Grenfell’s case with combustible polyethylene panels.

Sourceable

https://www.dezeen.com/2017/07/17/asian-cities-overtaking-london-new-york-urban-design-winy-maas-mvrdv/?utm_medium=email&utm_campaign=Daily%20Dezeen%20Digest&utm_content=Daily%20Dezeen%20Digest%20CID_d34db2288d7cb16b9794d04c3ce13040&utm_source=Dezeen%20Mail&utm_term=Asian%20cities%20overtaking

Asian cities overtaking "impossible" London and "terrible" New York in urban design, says Winy Maas

"Monster cities" in Asia including Seoul, Taipei and Jakarta are racing ahead of western counterparts in terms of architecture and urban design, says architect Winy Maas of MVRDV.

Dezeen

http://www.afr.com/real-estate/temporary-relief-sydney-vacancies-up-asking-rents-down-sqm-research-says-20170717-gxd982

Sydney vacancies up, asking rents down

Vacancies picked up and asking rents fell in the NSW capital last month, bringing some temporary relief to tenants in a market that is likely to tighten further, SQM Research says.

The Australian Financial Review