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Monthly market report for Victoria: The Agency

Statistics, results and outlooks for The Agency in the Victorian real estate market, according to General Manager and Chief Auctioneer Peter Kakos and Senior Portfolio Partner, Ree Chettri

Victoria (Vic.)Melbourne

The Economy

Featured Property

Parkside location for chic Victorian renovation: The Agency

This timeless terrace in an enviable parkside location is for sale through Christine Henderson and Alexander Hamer-Taylor of The Agency.

Victoria (Vic.)

Politics

How real estate industry is fairing under Victorian restrictions

REIV and HIA outline how the Victorian real estate and building industries look under Australia's heaviest COVID-19 restrictions.

Queensland (Qld)Brisbane

Featured Property

Two lots Hendra Queenslander for sale – Place Ascot

62 Gerler Road Hendra for sale by Patrick McKinnon and Jill Wright of Place Ascot offers a sparkling pool in the shape of an Egyptian ankh.

International

The Economy

Star Island mansion sells for just under $50 million

The second highest sale for a property in Miami-Dade County, which incorporates Miami Beach, for builder Stuart Miller.

National

The Economy

Quarterly rental report shows fall in vacancy rates: The Agency

The Agency Quarterly Rental Report shows an expected drop in rental values and yields, according to Maria Carlino, National Head of Property Management.

South Australia (SA)

Politics

Changes for REISA moving ahead

REISA changes its structure to establish best practice governance, says Chair Brett Roenfeldt.

Australian Capital Territory (ACT)New South Wales (NSW)

People

New Growth Manager for lifestyle real estate brand

Better Homes and Gardens Real Estate appoint Melanie Spencer to its NSW/ACT growth team.

National

The Economy

Demand stays high: Market Wrap

Demand for properties stays strong as agents for Place, The Agency and McGrath continue with good auction results.

Queensland (Qld)

The Economy

New Northern Office for Place Estate Agents

Place Albany Creek is the latest office for Place Estate Agents, to be headed up by James Gwynne.

Pages

News Roundup

http://www.theaustralian.com.au/business/opinion/curbs-on-investor-loans-help-rba-keep-rates-low/news-story/0f69e04cf2f84b3ce158fd6117d3d9f7

Curbs on investor loans help RBA keep rates low

With Australian household debt at record-high levels and growing at a rapid clip, the Reserve Bank’s control of interest rates looms as an extremely potent weapon.

The Australian

http://www.architectureanddesign.com.au/features/comment/q-a-peter-elliott-am-on-the-enormous-satisfaction

Peter Elliott AM on the enormous satisfaction of designing for the arts

Peter Elliott AM has been awarded Australian architecture’s highest honour: the Australian Institute of Architecture’s Gold Medal.

Architecture & Design

http://www.abc.net.au/news/story-streams/federal-budget-2017/2017-05-09/federal-budget-2017-a-major-overhaul-in-coalition-thinking/8511360

Federal budget 2017 reflects radical overhaul in Coalition thinking

the Treasurer has jettisoned decades of conservative fiscal orthodoxy around deficits and debt; austerity has been replaced by spending.

ABC

https://www.domain.com.au/news/federal-budget-2017-retirees-given-300000-incentive-to-downsize-20170509-1nxuu6/

Retirees given $300,000 incentive to downsize

Retirees holding onto their family homes have been given a $300,000 incentive to sell under a federal budget plan to encourage older property owners to downsize.

Domain

http://www.afr.com/news/policy/budget/budget-2017-resets-the-debate-about-the-role-of-government-20170503-gvxuqz

Budget 2017 resets the debate about the role of government

Malcolm Turnbull and Scott Morrison have enlisted the powers of the good, the bad and the ugly to reset the budget after the nightmare of 2014.

The Australian Financial Review

https://www.wsj.com/articles/australia-splashes-out-on-infrastructure-to-buoy-growth-1494329397

Australia Splashes Out on Infrastructure to Buoy Growth

A $56 billion decade-long spending plan comes as concerns mount over the health of the economy.

The Wall Street Journal

http://www.abc.net.au/news/story-streams/federal-budget-2017/2016-05-02/budget-jargon-buster/7375618

Federal budget jargon buster: Work through the waffle

Bamboozled by bracket creep, no idea about negative gearing?