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John McGrath – Australia's Top 50 Affordable Suburbs for Growth

First home buyers looking for affordable suburbs can find them in this list from John McGrath, founder and executive director of McGrath Estate Agents.

New South Wales (NSW)

Featured Property

Banora Point property sold for highest price in 2020: REAL Specialists

The ultimate suburban acreage has sold with the highest price this year, according to Aaron Highfield of REAL Specialists.

Queensland (Qld)Gold Coast

The Economy

A day of auctions as Spring season starts: REAL Specialists

Auctions lined up for October 1, promise to see a busy day for REAL Specialists agents, as the Spring calendar kicks off.

Tasmania (Tas.)

Politics

Welcome news for landlords and tenants in Tasmania

REIA's president Adrian Kelly encourages other states and territories to follow Tasmania's rental moratorium lead.

New South Wales (NSW)Sydney

Featured Property

Redesigned Victorian terrace offers modern inner-city living

A masterpiece of unrivalled style and contemporary luxury, this Redfern residence is for sale by Ben Collier of The Agency.

Queensland (Qld)Gold Coast

Featured Property

‘Ruah’: Tweed Valley mountain retreat

This secluded rainforest property with B&B accommodation, separate manager's residence and studio is for sale via Brad Franks and Stewart Baericke of Ray White Rural Murwillumbah.

Tasmania (Tas.)

Design

Robert Morris-Nunn: Tasmania’s architectural story teller

“Architecture, out of all the creative arts, is probably in the best position to potentially add value to enrich many people’s lives.”

Victoria (Vic.)Melbourne

People

Get to know Gowan Stubbings, Kay & Burton Director

"The ability to listen, show respect and be empathetic are all incredibly important traits that are critical in our world."

New South Wales (NSW)Sydney

Featured Property

Blank slate penthouse sold in Zenith Tower

An exceptional blank canvas, this apartment featuring iconic, 360-degree Sydney views has been sold by Darren Curtis and Ken Jacobs of Ken Jacobs Christie’s International.

Victoria (Vic.)Melbourne

Featured Property

217,107 engagements for modern Malvern family sanctuary

Sold by Oliver Booth and Matt Davis of Kay & Burton, who told WILLIAMS MEDIA, “I think there is a large demand for good quality family homes that are all done and ready to move in.”

Pages

News Roundup

http://www.afr.com/real-estate/this-sydney-car-space-is-on-sale-for-400000-is-it-australias-most-expensive-20170521-gw9y25

This Sydney car space is on sale for $400,000.

The tandem spot, part of the Mantra 2 Bond Street complex, is just a short stroll from the ASX, The Rocks, and the Sydney Opera House.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/interestonly-loans-could-be-australias-subprime-20170519-gw939m

Interest-only loans could be 'Australia's sub-prime'

High-risk mortgage loans to young families, professionals, and other over-extended borrowers amounting to more than six times household incomes could wipe out 20% per cent of the major banks' equity base, institutional investment fund JCP Investment Partners has warned.

The Australian Financial Review

http://www.smh.com.au/business/property/us-hedge-fund-financing-australian-apartment-building-20170515-gw5cvg.html

US hedge fund financing Australian apartment building

Family-run property developer Salta Group tapped into US hedge fund money in "one line" to build its recent Park House project.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod?et_cid=29078562&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod&Email_name=MW5-05-19&Day_Sent=19052017

Landlords face loss of $950 a year in deductions on typical renovation

The ATO is claiming landlords have inflated deductions as much as 1000 per cent.

The Australian Financial Review

https://www.domain.com.au/news/why-young-sydneysiders-are-starting-businesses-rather-than-trying-to-buy-homes-20170520-gw8pso/

Why young Sydneysiders are starting businesses rather than trying to buy homes

A growing number of millennials have turned to entrepreneurship in a shaky job market, but against the backdrop of rocketing house prices, many see business and property as a fork in the financial road.

Domain

http://www.afr.com/real-estate/gst-on-new-housing-changes-put-tax-office-first-in-line-if-developer-fails-20170512-gw38t0

GST on new housing: Changes put ATO first in line if developer fails

Changes to the way GST must be paid on new housing from July 1 next year means the ATO will rank above all other creditors if the developer runs into financial trouble.

The Australian Financial Review

http://www.economist.com/news/americas/21722249-american-protectionism-not-only-threat-economy-end-canadas-housing-boom?fsrc=scn/tw/te/bl/ed/bubblebaththeendofcanadashousingboom

The end of Canada’s housing boom?

“It’s time to remind folks that prices of houses can go down as well as up,” says Stephen Poloz, the governor of the Bank of Canada.

The Economist

http://www.afr.com/business/banking-and-finance/investment-banking/retirees-are-riskier-investors-than-millennials-says-asx-report-20170518-gw7uov

Retirees are riskier investors than millennials, says ASX report

Millennials aren't just eating smashed avo and not saving for homes, they're getting into the sharemarket in greater numbers and are more risk averse than their parents and grandparents.

The Australian Financial Review