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National

The Economy

Record breaking prices for properties over the weekend: Market Wrap

Records tumble as luxury end houses are sold above expectations, say agents from The Agency and McGrath.

National

Construction

John McGrath – Covid-19 infrastructure recovery program starts locally

Australia is fighting back against economic destruction through its list of new infrastructure projects.

Northern Territory (NT)

The Economy

House sales increase during the pandemic in NT

The REINT June Quarter 2020 Real Estate Market Report makes for interesting reading as figures defy expectations.

Victoria (Vic.)Melbourne

Featured Property

Albert Park conversion offers hidden oasis metres from the beach

This coastal home is ideal for entertaining with soaring ceilings, open interiors and poolside terrace. For sale by Michael Paproth and Emily Adams of The Agency.

Queensland (Qld)Brisbane

Featured Property

Brisbane Riverfront industrial luxe

Designed around the flow of the Brisbane River, this tri-level abode maximises views from every room. For sale by Heath Williams and Ann-Karyn Fraser of Place New Farm.

Victoria (Vic.)Melbourne

Featured Property

Redesigned Edwardian family home in peaceful St Kilda pocket

For sale by Sam Hobbs of The Agency, who told WILLIAMS MEDIA, "I cannot recall selling a more complete home".

New South Wales (NSW)Sydney

People

Nick Tobias Architect of one of Bondi's most iconic beach homes, Deepwater

"Our clients come in all shapes and sizes and so do their visions and requirements."

Victoria (Vic.)Melbourne

People

Get to know Sam Hobbs, Property Partner at The Agency

“In my experience quality property sells well in any market.”

Victoria (Vic.)Melbourne

Design

Featured Property

Designer Prahran warehouse home sold by Kay & Burton

Michael Armstrong of Kay & Burton told WILLIAMS MEDIA, “It was one of the most engaged campaigns I’ve ever been involved with in terms of the numbers of enquiries and interactions I had with buyers.”

Queensland (Qld)Sunshine Coast

Featured Property

Noosa Riverfront home on the doorstep of Hastings Street sold in 5 days

Ambitious and incomparable, this ultra-luxe trophy home was sold by Tom Offermann and Rebekah Offermann of Tom Offermann Real Estate – Noosa.

Pages

News Roundup

http://www.smh.com.au/nsw/sydneys-ultra-rich-list-where-the-wealth-is-heading-20170412-gvjrm4.html?utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn%3Atwi-13omn1677-edtrl-other%3Annn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o%26sa%3DD%26usg%3DALhdy28zsr6qiq

Sydney's ultra rich list: where the wealth is heading

The Emerald City's elite are flocking to the east.

The Sydney Morning Herald

http://www.afr.com/real-estate/how-housebuilding-robots-are-demolishing-property-prices-but-creating-jobs-20170417-gvmjpr

How house-building robots demolishing property prices (but creating jobs)

At Blueprint Robotics in Baltimore in the US, robots build parts for houses on an assembly line, that are packed in boxes onto a truck, then delivered to a development site where they are put together.

The Australian Financial Review

https://www.theguardian.com/business/grogonomics/2017/apr/13/the-latest-tax-data-proves-it-negative-gearing-benefits-the-rich-the-most?CMP=share_btn_tw

The latest tax data proves it: negative gearing benefits the rich the most

The release of taxation statistics for 2014-15 reveals that the greatest share of the benefits of negative gearing goes to above average earners, and the biggest growth is to those owning multiple properties.

The Guardian

http://www.abc.net.au/news/2017-04-13/reserve-bank-financial-stability-review-april-2017/8442242

Reserve Bank warns one-third of Australian borrowers have little to no mortgage buffer

One-third of Australian borrowers have not built up a repayment buffer, or are less than one month ahead on their home loan repayments, leaving them exposed to an economic downturn or rise in interest rates.

ABC News

http://www.afr.com/real-estate/residential/prdnationwide-claims-disruptors-such-as-purplebricks-achieve-lower-prices-20170324-gv5m3o

PRDnationwide claims disruptors such as Purplebricks achieve lower prices

The knives are out for Purplebricks and other real estate disruptors eating into the diminishing earnings pie of traditional real estate agents.

The Australian Financial Review

http://www.afr.com/real-estate/residential/wolfdene-snaps-up-40m-melbourne-site-with-chinese-partner-20170413-gvkl6s?&utm_source=social&utm_medium=twitter&utm_campaign=nc&eid=socialn%3Atwi-14omn0055-optim-nnn%3Anonpaid-27062014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_twitter

Wolfdene snaps up $40m Melbourne site with Chinese partner

The flow of offshore funds into Melbourne's outer suburbs is growing.

The Australian Financial Review

http://www.abc.net.au/news/2017-04-12/young-australians-better-off-renting-than-buying/8439396

Young Australians better off renting than buying, says economist

Young Australians would be better off renting than buying a property given record prices, says respected economist Chris Richardson.

The ABC

http://www.afr.com/news/malcolm-turnbull-all-but-rules-out-unlocking-super-for-housing-20170412-gvjlwl

Malcolm Turnbull all but rules out unlocking super for housing

Prime Minister Malcolm Turnbull, speaking to reporters in India, said he did not supportthe idea of allowing young Australians to use super to buy a house.

The Australian Financial Review