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Spring has sprung - Agents using Openn Negotiation smash seller expectations

Online property sales platform Openn Negotiation has reported a strong start to the spring selling season, with 53 per cent of properties sold in September selling above expectations.

National Australian Capital Territory (ACT)New South Wales (NSW)Northern Territory (NT)Queensland (Qld)South Australia (SA)Tasmania (Tas.)Victoria (Vic.)Western Australia (WA)

Politics

NDIS Fund Secures $34m in New Apartments and Needs More

Director of Projects by Buxton Real Estate, Heath Thompson has been working with a Specialist Fund to secure apartments in specific developments redesigned and fitted out for NDIS clients living with disabilities.

Victoria (Vic.)Melbourne

Featured Property

Caulfield North home sold off market during Stage 4 lockdown

The 5 bedroom home was built in 1995 by the late David Edelman and sold by Grant Samuel of Kay & Burton.

National Australian Capital Territory (ACT)New South Wales (NSW)Northern Territory (NT)Queensland (Qld)South Australia (SA)Victoria (Vic.)

The Economy

A tale of two cities; Sydney and Melbourne - Market Wrap

Rural property sales experiencing historic growth according to McGrath Central Tablelands, Sydney Sotheby’s International Realty breaks their own record when a Vaucluse house sells for a staggering $14 million above reserve, big crowds at auctions according to Brisbane agency, Place, and as of midnight on Sunday 27 September, Melbourne’s property market officially re-opens for inspections - and business.

Australian Capital Territory (ACT)New South Wales (NSW)Queensland (Qld)Victoria (Vic.)

The Economy

John McGrath – Best growth suburbs of East Coast during virus

Newly released suburb data for the June quarter shows property's resilience, says McGrath Estate Agents founder and executive director, John McGrath.

Politics

Victorian Real Estate is Open for private inspections REIV

The Real Estate Institute of Victoria welcomes the announcement today by the Premier of Victoria, Hon. Daniel Andrews, MP that private inspections for purchase or leasing of properties, can recommence from 11:59 pm Sunday 27 September 2020.

New South Wales (NSW)Sydney

Featured Property

Freestanding Woollahra cottage owned by designer Peter Weiss

For sale by Ben Collier of The Agency, who told WILLIAMS MEDIA the two-bedroom cottage is attracting interest from first home buyers and downsizers alike.

Victoria (Vic.)Melbourne

People

Carr Director Chris McCue on design that caters to the core function of daily ritual

“The real reward is in going back over time to see the building age and soften, the landscape come to life, the sun wash across the façade at different times of the day, the light flood into space at specific angles.” Chris McCue, Carr

Queensland (Qld)Brisbane

Featured Property

Brisbane River industrial luxe home sold for $6.3m

Sold by Heath Williams and Ann-Karyn Fraser of Place New Farm who told WILLIAMS MEDIA, “Brisbane riverfront property is always in high demand.”

Queensland (Qld)Brisbane

Featured Property

Spacious Queenslander with historic charm sold for $3,330,000

Sold by Sarah Hackett of Place Bulimba, 'The Grange' received over 6,400 page views online and 81 inspections.

Pages

News Roundup

http://www.afr.com/real-estate/41-apartment-owners-selling-site-in-sydneys-macquarie-park-20170606-gwlwmq?eid=Email%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06/09/2016-MarketWrap5PM-dom-business-nnn-afr-u&et_cid=29080966&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/41-apartment-owners-selling-site-in-sydneys-macquarie-park-20170606-gwlwmq%3Feid%3DEmail%3Annn-16OMN00050-ret_newsl-membereng%3Annn-06%252F09%252F2016-MarketWrap5PM-dom-business-nnn-afr-u&Email_name=MW5-06-07&Day_Sent=07062017

Owners selling site in Sydney's Macquarie Park

Macquarie Park in north-west Sydney continues to evolve into a residential suburb, after another 41 apartment owners banded together to sell three unit blocks in one line with hopes of $65m.

The Australian Financial Review

https://www.businessinsider.com.au/australian-property-values-have-risen-nearly-350-in-the-last-20-years-but-there-has-been-two-downturns-2017-6

Australian property values have risen nearly 350% in the last 20 years with two downturns

Sometimes it’s easy to forget there have been bumps along the property road, despite the broad upward trend.

Business Insider

https://www.mortgagebusiness.com.au/breaking-news/11169-fhbs-need-to-save-40-years-for-deposit-ubs?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin07_06_17&utm_medium=email&utm_content=1

FHBs need to save for 40 years for deposit: UBS

It could take ‘typical’ first home buyers 40 years to save enough for a Sydney home deposit, a new report has found.

Mortgage Business

http://www.abc.net.au/news/2017-06-06/the-labor-party-the-chinese-developer-and-seat-in-nsw-parliament/8593684

The Labor Party, Chinese property developer Huang Xiangmo, and the seat in the NSW parliament

"Every donor expects a pound of flesh in return for their contribution, but in China it's a little more than that," China expert Professor John Fitzgerald told 7.30.

ABC

http://www.afr.com/real-estate/brisbane-developer-forceone-offers-a-free-car-to-apartment-buyers-20170607-gwm4x8

Brisbane developer ForceOne offers a free car to apartment buyers

Brisbane developer ForceOne Development is throwing in a Toyota Yaris for each of the next 10 apartment purchases before June 30 but says it's not desperate.

The Australian Financial Review

http://www.mansionglobal.com/articles/64640-vancouver-home-sales-hit-record-high-while-toronto-tumbles?mod=mansion_global_articles_en_wsj_home

Vancouver Home Sales Hit Record High, While Toronto Tumbles

Ontario’s recent government regulations may be taking their toll.

Mansion Global

http://www.theaustralian.com.au/business/property/foreign-buyers-tax-to-have-little-impact-say-analysts/news-story/e628b4c5c09766e7c48638b3f820a44a

Foreign buyers tax to have little impact, say analysts

Sydney was still a lot cheaper than Hong Kong, Shanghai and Singapore; the measures will bring Sydney more in line with other countries in Asia and Canada.

The Australian

http://www.smh.com.au/comment/housing-affordability-package-gives-voters-what-they-want-but-not-what-they-need-20170605-gwkg0r.html

Housing affordability package gives voters what they want but not what they need

Both the Victorian and NSW governments are doing what voters say they want, but voter instincts about the best policies to improve housing affordability are misguided.

The Sydney Morning Herald