The Real Estate Conversation

Why industry experts are saying now is the time to buy in Melbourne

As the Melbourne property market begins to self-correct after decades of rapid price hikes, experts are tipping an upswing is in store, and buyers should pounce now.

Western Australia (WA)Perth

Construction

Calls for action as new home approvals continue falling

Fourteen consecutive months of declining home approvals is costing the building industry tens of millions of dollars, prompting calls for action.

New South Wales (NSW)Sydney

These were Perth's highest growth suburbs last year

Brabham, Madora Bay and Mount Pleasant are among the ten Perth suburbs to have achieved the largest increase in median house price in 2018, according to industry body the Real Estate Institute of Western Australia (REIWA).

Featured Property

Creating from the top at Potts Point

The opportunity to craft the interior of a previously untouched penthouse is on offer at Potts Point. For sale by Darren Curtis and Ken Jacobs of Ken Jacobs Christies Double Bay.

Property market 2019: Experts reveal what's in store

Some of the industry's top heavyweights and real estate agents have shared their predictions for the housing market in 2019.

People

New Year, new job: How to write the perfect resume

Resolver Recruitment's Virginia Brookes reveals how to write the perfect resume so you can score that New Year job.

http://architectureau.com/articles/kennetts-five-wishes-for-melbournes-urban-future/

The capital cities that are tipped for growth in 2019

Propertyology’s annual forecast has named Hobart as the frontrunner for growth this year, followed by Perth, Brisbane, Adelaide and Canberra.

Pages

News Roundup

Kennett’s five wishes for Melbourne’s urban future

On 5 February, Victoria’s former premier Jeffrey Kennett addressed an audience at MPavilion on the topic of Melbourne’s 21st century urban frontier.

ArchitectureAU

http://www.theaustralian.com.au/business/property/property-red-tape-puts-off-foreign-home-buyers/news-story/a11f4247aa2955d673142c997d400c05

Property: ‘Red tape puts off foreign home buyers’

Less than three months after the federal government introduced fees and a tighter framework applying to foreign buyers of real estate, agents and property executives argue deals are falling over and buyers are walking away due to long waiting times for approval and excessive red tape.

The Australian

http://www.afr.com/real-estate/property-investors-lose-50pc-in-qld-mining-towns-20160302-gn8qv9

Property investors lose 50% in Qld mining towns

A few years ago mining towns in regional Australia were experiencing a Sydney-like house boom. Today, their real estate markets are in an epic collapse.

http://www.afr.com/street-talk/national-australia-bank-set-to-raise-rates-for-principal-and-interest-investors-20160302-gn91wq

National Australia Bank set to raise rates for 'principal and interest' investors

National Australia Bank is set to raise interest rates for the one group of borrowers that have so far copped less interest rate pain than most.

http://www.theguardian.com/business/grogonomics/2016/mar/03/three-reasons-australias-economy-is-so-resilient-shopping-housing-and-yes-mining

Three reasons Australia's economy is so resilient – shopping, housing and, yes, mining

The early signs for the GDP figures were not good – capital expenditure was weak, and the latest balance of payments figures showed net exports would contribute nothing. But then the figures came out, showing the economy grew by 0.6% in December and a very solid 3.0% for the year.

The Guardian

http://www.businessinsider.com.au/china-property-market-price-rises-2016-3

If you think China's stock bubble was nuts, look at what's now happening in its property market

FOMO, or the fear of missing out, has entered the everyday vernacular of people in financial markets.

Business Insider

http://www.afr.com/real-estate/new-detached-home-sales-up-but-apartment-numbers-slip-20160302-gn88d6

New detached home sales up but apartment numbers slip

New home sales rose 3.1% in January as detached home purchases increased in the five largest states, the HIA's latest report shows. The 5.8% increase in detached house sales offset a fall of the same proportion in apartments.

http://www.afr.com/news/politics/negative-gearing-dead-now-for-the-scare-campaign-20160301-gn7yoo

Negative gearing dead, now for the scare campaign

The federal government has dumped plans to target negative gearing as part of its tax reform policy, clearing the way for a full-blown assault on Labor's tax plans in the run-up to the federal election.