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Historical falls for May housing finance figures

ABS figures show the largest monthly fall in the history of the housing loan figures series, according to REIA's president Adrian Kelly.

Queensland (Qld)

People

BHGRE expanding their role and their brand

Better Homes and Gardens Real Estate (BHGRE) proudly welcomes Karen Young to the corporate team as the Business Growth Manager for Queensland.

National

The Economy

REIA applauds extension of banks' repayment deferral period

REIA welcomes the decision by the Australian Banking Association to extend the loan repayment deferral period for another four months.

National

People

Renowned real estate coach partners with The Agency

Claudio Encina, highly regarded real estate coach has joined forces with The Agency to continue supporting its agents.

New South Wales (NSW)

People

Finalists announced for REINSW 2020 Awards for Excellence

A list of the finalists has been released for the REINSW 2020 Awards for Excellence.

National

People

Benefits of Networking for Women in Real Estate

Katie Boulter of Iconic Recruit lays out how best to approach networking in the real estate world.

Western Australia (WA)

The Economy

Call for removal of stamp duty in WA to save economy

WA needs to create long-term economic activity and jobs by removing stamp duty, according to REIWA president Damian Collins.

South Australia (SA)

The Economy

Land tax reforms commence in SA from July 1

Andrew Shields, general manager REISA writes to members regarding their responsibilities with the land tax reform in South Australia.

National

The Economy

Strong sales at auctions as prices above reserves achieved: Market Wrap

Capital city sales are showing strong interest at auctions again, according to Brad Gillespie of The Agency in Sydney and Brad Pearce of Miles Real Estate in Melbourne.

National

Construction

Design that clicks to keep us apart

Leading Australian designer Zahava Elenberg launches Clikclax — an innovative new mobile solution to staying apart while working together.

Pages

News Roundup

http://www.smh.com.au/business/the-economy/why-we-need-to-worry-about-the-level-of-australian-household-debt-20170407-gvfwel.html

Why we need to worry about the level of Australian household debt

The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices.

The Sydney Morning Herald

http://www.afr.com/personal-finance/blue-chip-borrowers-offered-big-incentives-20170405-gve67s

Blue chip borrowers offered big incentives

Lenders may be cracking down on some borrowers but they're falling over themselves to woo customers they see as a safe bet.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/blocked-beijing-buyers-to-look-to-australia/news-story/dfff57c2b78ade04313dc1fb18af62e9

Blocked Beijing buyers ‘to look to Australia’

Beijing’s moves to dampen speculation in its overheated housing market will stoke the flames of Sydney and Melbourne’s seemingly unstoppable housing prices, says former Macquarie boss Bill Moss.

The Australian

https://www.domain.com.au/news/rag-trader-malcolm-webster-sells-darling-point-terrace-for-about-48-million-20170406-gvero7/

Rag trader sells Darling Point terrace for $4.8m

Malcolm Webster has sold his Darling Point terrace ahead of its scheduled auction, bringing his extensive Sydney real estate holdings to an end, following the decision to place his brands David Lawrence and Marcs into voluntary administration.

Domain

http://www.afr.com/business/banking-and-finance/financial-services/fitch-moodys-sp-alert-but-not-alarmed-by-housing-20170405-gveogu

Fitch, Moody's, S&P alert but not alarmed by housing

The world's biggest credit ratings agencies acknowledge the rising threat Australia's unbalanced property market poses for the economy, but are content to watch for further signs of trouble before ringing the alarm.

The Australian Financial Review

https://www.wsj.com/articles/farm-to-condo-movement-stakes-its-claim-to-brooklyn-rooftop-1491391801

Farm-to-Condo Movement Stakes Its Claim to Brooklyn Rooftop

It was only a matter of time before the farm-to-table movement merged with the Brooklyn condominium boom.

The Wall Street Journal

http://www.afr.com/real-estate/36000-property-portfolios-risk-income-shortfall-20170405-gve58l

One in three Sydney landlords risk income shortfall

Falling rents or loss of tenants could seriously jeopardise the financial viability of nearly 36,000 property investment portfolios around the country.

The Australian Financial Review

http://www.abc.net.au/news/2017-04-05/who-is-to-blame-if-people-are-in-too-much-debt/8418474

Who is to blame if people end up in financial strife after taking out a home loan?

Is it the bank, or the Government, or should people take responsibility for their own money problems?

ABC