The Real Estate Conversation

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Featured Property

'The Orb House': strong interest for this iconic modern family home

Sold by Sam Wilkinson, Tom Staughton and Garrick Lim of Kay & Burton, who told WILLIAMS MEDIA, “The strength of the sale provided further evidence of the late 2019 rebound in the prestige residential market.”

National

People

John McGrath – Early bird sellers catch the worm

Welcome to the first of my regular columns for The Real Estate Conversation in which I’ll share my insights on the residential property market in Australia.

National

People

First Chief Operating Officer appointed to Consolidated Properties Group

James MacGinley is the new COO for Consolidated Properties Group as the company celebrates 40 years.

New South Wales (NSW)

The Economy

Vacancy rates both up and down last quarter to January 2020

Sydney rental vacancies remain steady, while Newcastle levels have significantly decreased, according to Tim McKibbin, CEO of REINSW.

National

The Economy

First home buyer scheme on track to finance millennials and regions

HIA data shows that more than a three quarters of first home buyer applicants are aged 18-34.

New South Wales (NSW)

Featured Property

Hunter Valley ‘castle’ estate awaits its next custodian

Positioned on approx. 100 acres, this luxury heritage estate is perfect for either an impressive family residence or a commercial venture setting. For sale by Deborah Cullen of Knight Frank Sydney.

National

The Economy

Capital cities record strong auction performance from increased volume

Capital City auction clearance rates have climbed throughout the past week, despite an increase in the number of auctions held.

International

How Tom’s vision for Wyuna took the world by storm

What began as a way for one man to satisfy his favourite pastime is now the opportunity to own among last locations on the shores of New Zealand’s Lake Wakatipu that will ever be offered for sale.

National

The Economy

Household financial comfort slides across regional Australia

Household financial comfort fell markedly across regional Australia during the six months to December 2019, according to ME Bank’s latest Household Financial Comfort Report.

National

The Economy

Demand for residential land picks up

Residential land demand has increased 45.9 per cent since March 2019, according to HIA economist Angela Lillicrap and CoreLogic's Head of Residential Research Eliza Owen.

Pages

News Roundup

http://www.afr.com/business/media-and-marketing/advertising/fairfax-ceo-greg-hywood-hits-back-at-news-corp-over-porn-ad-claims-20161212-gt9b15

Fairfax CEO Greg Hywood hits back at News Corp over porn ad claims

The Fairfax Media Greg Hywood has accused News Corp of using its news outlets to attack rivals, after The Australian claimed Domain used a pornographic website to inflate its audience figures.

The Australian Financial Review

http://www.domain.com.au/news/top-tips-to-make-sure-your-investment-property-isnt-empty-over-the-summer-holidays-20161212-gt4w8h/

Top tips to make sure your investment property isn’t empty over the summer holidays

Respond to repair and maintenance requests, have mutual respect, inspect regularly, maintain market rents, and use a professional property manager.

Domain

http://www.theaustralian.com.au/business/property/ardent-leisure-sells-dalbora-marinas-business-for-126m/news-story/0240229d87d39d3a66303670075b74f3

Ardent Leisure sells d’Albora Marinas business for $126m

Ardent Leisure Group has sold its d’Albora Marinas business to Balmain Corporation and Goldman Sachs for $126 million, a transaction that began before the Dreamworld tragedy occurred.

The Australian

http://www.theaustralian.com.au/business/property/property-market-lending-rate-hike-adds-to-squeeze/news-story/1ed6eacabe58151f3a903f164b479415

Lending rate hike adds to squeeze

Property investment could be at a tipping point with the sector facing headwinds from rising interest rates and tighter lending standards.

The Australian

http://www.theaustralian.com.au/news/nation/unlikely-suburbs-become-million-dollar-hotspots-for-young-families/news-story/eb03859676dcb65ce8aa052198fc0f7e?utm_source=The%20Australian&utm_medium=email&utm_campaign=editorial

Unlikely suburbs become hot-spots for young families

Some unlikely suburbs have become the nation’s newest million-dollar hot spots as a growing number of young families trade the city sights for the space of a backyard.

The Australian

http://www.afr.com/real-estate/residential/vic/tim-gurner-warns-of-undersupply-of-melbourne-apartments-20161209-gt7nn2

Tim Gurner warns of undersupply of Melbourne apartments

Tim Gurner believes Melbourne has under-supply of apartments in the inner city after tipping 150 rental apartments on to the market at his Ikebana development in West Melbourne, and within 10 days of advertising receiving 55,000 views and 1,500 enquiries.

The Australian Financial Review

http://www.afr.com/real-estate/investors-borrow-less-for-new-apartments-in-october-20161208-gt7f28#ixzz4SJjjNz2H

Investors borrow less for new apartments in October

Housing loans to investors picked up to $12.5 billion in October, the highest level in over a year, ABS figures on Friday showed.

The Australian Financial Review

http://www.domain.com.au/news/ecodeveloper-from-china-in-trouble-over-claims-of-serious-environmental-damage-20161211-gt806l/

Chinese eco-developer in trouble over claims of environmental damage

Hopes for environmental conservation at wealthy Chinese businessman Phillip Dong Fang Lee's development site in Port Stephens are in doubt.

Domain