The Real Estate Conversation

New South Wales (NSW)Sydney

Targeted stamp duty reform needed to ease WA housing market pressure

REIWA President Damian Collins said whilst the Premier has made it clear he had no intention of introducing major stamp duty reform during a pandemic, introducing smaller targeted reforms would help relieve pressure on the WA housing market.

People

Stone Real Estate’s Abdullah Choudhari expands to The Entrance

One of Australia's fastest-growing real estate networks continues its rapid growth in the booming Central Coast market as Stone Tumbi Umbi and Berkley Vale Principal Abdullah Choudhari acquiries new office at The Entrance.

2022/23 Federal Budget Wish List

As the price of goods and services increases, the overarching theme of the 2022/23 Federal Budget will be about combating the rising ‘cost of living’ pressures. For property markets this means addressing housing and rental affordability says Matt Tiller Head of Research LJ Hooker

Migration reversal exacerbates worker shortage - HIA

“Australia’s population growth slowed to just 0.3 per cent over the year to the September Quarter of 2021, close to the slowest rate of growth for more than 100 years,” stated Nick Ward, HIA Senior Economist.

New South Wales (NSW)Sydney

House prices hit a 20 year record for annual growth: REIA real estate market facts

House prices have increased at the highest rates in two decades with a rise of 25.1% for the twelve months ending December 2021, the latest Real Estate Institute of Australia’s (REIA) Real Estate Market Facts has found.

People

Western Sydney Agents, launch InHaus Estate Agents, motivated to make their own decisions

Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.

https://www.smh.com.au/national/nsw/tougher-noise-standards-on-zoning-for-new-homes-near-airports-dropped-20180506-p4zdnn.html

Investors hold steady

While there may be a rental shortage across Australia, the number of investors buying up at auction has stayed steady in 2022 says Ray White.

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News Roundup

Tougher noise standards on zoning for new homes near airports dropped

Tighter restrictions on housing around Sydney's airports due to a new way of measuring aircraft noise have been cast aside after pressure from developers.

Sydney Morning Herald

http://www.afr.com/news/policy/budget/federal-budget-2018--falling-prices-may-hurt-moderating-housing-boom-20180508-1nzznm

New CBD bar proposed for heritage building

A two-storey brick building in Brisbane’s CBD that dates back to 1911 could be transformed into a bar.

Brisbane Times

https://www.brisbanetimes.com.au/national/queensland/new-cbd-bar-proposed-for-heritage-building-20180507-p4zdw0.html

FIRB buyer pushes Toorak prices above $12,000 per sq m for first time

An overseas buyer has paid $9.2 million for a four-bedroom house in one of Toorak's best streets, pushing the per-square-metre price in the prestige Melbourne suburb to a record high.

http://www.afr.com/real-estate/firb-buyer-pushes-toorak-prices-above-12000-per-sq-m-for-first-time-20180508-h0zsbp

Sydney investors pay $23m for two adjoining Melbourne office buildings in Cremorne

A Sydney developer has snapped up two neighbouring office building in Cremorne on Melbourne's city fringe for $23 million put up for sale by two prominent Melbourne families.

http://www.afr.com/real-estate/commercial/development/sydney-investors-pay-23m-for-two-adjoining-melbourne-office-buildings-in-cremorne-20180508-h0zs4k

http://www.afr.com/technology/exnab-execs-raise-15m-to-disrupt-home-loan-market-with-new-startup-athena-20180503-h0zlxl

Ex-NAB execs raise $15m to disrupt home loan market with new start-up Athena

Macquarie Capital and Square Peg are the lead investors in a $15 million funding round for fintech start-up Athena, which aims to use the latest technology to steal a march on the big banks in the competitive home loans market.

http://www.afr.com/real-estate/stockland-sells-newcastle-retail-centre-north-sydney-office-tower-for-193m-20180507-h0zrnj

Stockland sells Newcastle retail centre, North Sydney office tower for $193m

Stockland has agreed to sell a retail centre in Newcastle and a North Sydney office tower for a combined value of $193.35 million, two weeks after promising further asset sales to fund its growing logistics business.