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REIA welcome opposition housing announcement to address housing crisis

Real Estate Institute of Australia (REIA) has welcomed the suite of housing policies announced today by the Leader of the Opposition and the Shadow Minister for Housing in their pitch to Australian households. REIA President, Mr Hayden Groves said they welcomed the ‘Help to Buy’ but also the ‘Help to Supply’ announcement.

Queensland (Qld)Gold Coast

Featured Property

Northcliffe absolute beachfront Gold Coast penthouse for sale - Amir Prestige Group

This Northcliffe Residences Surfers Paradise penthouse for sale by Veronika Princeton-Hall and Amir Mian Principal of Amir Prestige Group offers a bespoke, beachside luxury lifestyle, with private rooftop terrace.

Queensland (Qld)Brisbane

Featured Property

Palatial 1-hectare Robertson estate for sale - Place

The grand mansion in Robertson QLD for sale by Patrick McKinnon and Drew Davies of Place Ascot offers security, seclusion and a refined palate.

Victoria (Vic.)Melbourne

Corporate Furnishings creates interior styling with broad appeal

Kay & Burton Concierge partner, Corporate Furnishings delivers design solutions for a range of clients from executive and corporate leasing, to private residences, investment properties, serviced apartments, and hotels.

Queensland (Qld)Brisbane

Featured Property

Riverfront Kangaroo Point apartment for sale - Place

Watermark apartment with Brisbane River views 405 / 21 Pixley Street Kangaroo Point for sale by Sarah Hackett of Place New Farm offers 322sqm including 3 car spaces.

Queensland (Qld)Brisbane

Featured Property

Grand Colonial Ascot Queenslander for sale - Ray White New Farm

9 Sword Street Ascot for sale by Christine Rudolph of Ray White New Farm features private landscaped gardens and idyllic entertaining spaces.

National

The Economy

Inflation hits 5.1% – what does it mean for property? - RayWhite

No doubt you have noticed when buying petrol or your groceries that things are getting expensive. It has now been confirmed. Inflation hit 5.1 per cent for the year to March 2022, the highest annual figure since the Global Financial Crisis.

Western Australia (WA)Perth

People

REIWA’s 2022 Awards for Excellence winners announced

More than 400 Western Australian real estate professionals gathered for the Real Estate Institute of Western Australia’s 2022 Awards for Excellence at Crown Perth on Thursday 28 April.

Queensland (Qld)

The Economy

Queensland Vacancy Rates reach record lows REIQ

Rental vacancy rates in Queensland have tightened to record lows in the first quarter of 2022 in more than half of the 50 Local Government Areas and sub regions reported on by the REIQ.

National New South Wales (NSW)Sydney

The Economy

The Agency Group Australia records 26% growth in revenue & fourth Q of positive cash flow

National real estate company The Agency Group Australia (ASX:AU1) records 26% growth in revenue & fourth Q of positive cash flow.

Pages

News Roundup

https://www.theage.com.au/politics/victoria/hundreds-of-properties-have-land-15-metres-beneath-them-acquired-for-tollway-20180530-p4zigm.html

Hundreds of properties have land 15 metres beneath them acquired for tollway

Land beneath hundreds of homes and businesses in Yarraville has been acquired so a toll road can be built in Melbourne's inner west.

The Age

https://www.afr.com/real-estate/residential/qld/gold-coast-developers-cut-smaller-blocks-as-lot-prices-surge-26pc-20180604-h10xqd

Gold Coast developers cut smaller blocks as lot prices surge 26pc

Land developers in south-east Queensland are cutting up their sites into smaller and smaller lots to keep rampant price growth in check, new figures show.

The Australian Financial Review

https://www.smh.com.au/national/nsw/ugly-ducklings-or-swans-debate-rages-over-multi-storey-developments-20180601-p4ziz1.html

Ugly ducklings or swans? Debate rages over multi-storey developments

The developer promises a “vibrant, integrated community atmosphere” at the soon to emerge South Village on the Princes Highway at Kirrawee.

Sydney Morning Herald

https://www.brisbanetimes.com.au/brisbane-news/brisbane-millionaire-gets-approval-to-build-a-helipad-at-his-home-20180601-p4ziwx.html

Brisbane millionaire gets approval to build a helipad at his home

The owner of a multimillion-dollar mega-mansion in Brisbane's south has been given the green light to have a helipad built in his backyard.

Brisbane Times

https://www.theage.com.au/politics/victoria/sunlight-fight-city-council-asks-minister-to-stop-park-overshadowing-20180601-p4zixh.html

Sunlight fight: City council asks minister to stop park overshadowing

A number of popular inner-Melbourne parks could be cast into shadow by high-rise development unless the state government changes laws guaranteeing access to sunlight for most of the day.

The Age

https://www.afr.com/real-estate/buildtorent-an-affordable-housing-option-for-victorian-govt-20180601-h10v46

Build-to-rent an affordable housing option for Victorian govt

Victoria's state Labor government is backing the emergence of a build-to-rent sector as a response to the need for affordable housing rather than as a commercial asset class in its own right.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/brisbane-council-purchases-90-hectares-of-land-for-preservation-20180601-p4ziuw.html

Brisbane council purchases 90 hectares of land for preservation

Brisbane City Council has purchased a further 90 hectares of bush land from private owners as part of its bush land acquisition plan, including 16 hectares from an owner who did not want to sell their land.

Brisbane Times

https://www.theage.com.au/world/north-america/in-vancouver-a-housing-frenzy-that-even-homeowners-want-to-rein-in-20180603-p4zj62.html

In Vancouver, a housing frenzy that even homeowners want to rein in

Between multimillion-dollar teardowns, blocks full of backyard cottages and towering condominiums that are sold and resold several times before they are even built, there is no shortage of anecdotes about this city's housing frenzy.

The Age