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Regional property markets outpacing capital cities: CoreLogic

Regional property markets expanded 0.4 per cent during the three months to 30 November, while capital city markets gained only 0.2 per cent, according to the latest CoreLogic November Hedonic Home Value Index.

National

The Economy

Victoria leads gains in home approvals: ABS

Stronger building approvals in Victoria and Queensland offset declines for all other states during October, according to new data from the ABS.

New South Wales (NSW)

Featured Property

'Terrara House', part of the NSW South Coast's colonial history

Nicolette van Wijngaarden of Unique Estates Australia told SCHWARTZWILLIAMS, 'This is without doubt, one of the most magnificent private country estates."

Politics

Leanne Pilkington elected president of the REINSW

The Real Estate Institute of New South Wales has elected Leanne Pilkington as president of the industry body.

National

The Economy

Where is Australia's best performing property market? Outer Melbourne's Wyndham, says CoreLogic

Property prices in Wyndham, in Melbourne's outer south west, have soared 130 per cent in the last decade, according to a new study by CoreLogic.

National

The Economy

Westpac report reveals latest homebuyer trends

First-home buyers are prepared to compromise on trendy neighbourhoods, safe streets, and proximity to work and public transport in order to get their foot on the property ladder, according to the findings in the 2017 Westpac Home Ownership Report.

Victoria (Vic.)

Featured Property

Move to an internationally acclaimed Yarra Valley vineyard

Wedgetail Estate, an acclaimed and established Yarra Valley wine brand that is five-star Halliday rated, highly recommended by UK’s Decanter, and stocked in some of Melbourne and Sydney’s top restaurants, is seeking a new owner to build on its exceptional local and international reputation accrued over a successful 23-year history.

International New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Sydney records strongest office rental growth globally, Melbourne second: JLL

Sydney has again recorded the fastest office rental growth in the world, with a rate of 30.1 per cent growth over the year, according to JLL's Global Office Index.

National

The Economy

Even owners would be happy to see property prices fall

New research from ME Bank has revealed that 24 per cent of home owners and 20 per cent of investors would like to see property prices fall, revealing a perception in the market that house prices have risen to such heights they are now "unfair".

Victoria (Vic.)

Politics

REIV's online petition will give landlords a voice

Richard Simpson, president of the REIV, says the Victorian government's efforts to make renting fairer could cause rents to rise and lower the supply of property available to rent.

Pages

News Roundup

http://www.smh.com.au/federal-politics/political-news/australian-housing-market-facing-bloodbath-collapse-economists-20150622-ghu8a6.html

Australian housing market facing 'bloodbath' collapse: economists

The Australian real estate market is in the grip of the biggest housing bubble in the nation's history and Melbourne will be at the epicentre of an historic "bloodbath" when it bursts, according to two housing economists, Lindsay David and Philip Soos.

Sydney Morning Herald

http://www.architectureanddesign.com.au/news/new-photo-exhibition-to-feature-women-in-architect

New Parlour exhibition features women in architecture at work

The University of Sydney will host a unique photographic exhibition in July featuring women architects at work. Organised by Parlour Inc, a fast-growing, not-for-profit organisation that promotes gender equity in the architecture industry, the exhibition will be held at the Faculty of Architecture, Design and Planning’s Tin Sheds Gallery.

Architecture & Design

http://www.theguardian.com/australia-news/2015/jun/22/young-australians-put-holidays-ahead-of-real-estate-in-savings-plans

Young Australians put holidays ahead of real estate in savings plans

Young Australians are more likely to save for a holiday than a house, with men saving 46.5% more a month than women in absolute terms, even though both save a similar proportion of their income.

The Guardian

http://www.moneymorning.com.au/20150622/how-successful-investors-from-australia-compare-to-the-rest-of-the-world-cw.html

How Successful Investors from Australia Compare to the Rest of the World

Australians are more likely than other Asia-Pacific HNWIs to invest in real estate. And Aussies invest 10.6% more of their wealth in real estate, compared to those from the ‘rest of the world’ (outside the Asia Pacific region).

Money Morning

http://www.theaustralian.com.au/business/property/mon-dieu-the-australian-housing-dream-chinese-style/story-fniz9vg9-1227408814871

Mon dieu! The Australian housing dream, Chinese-style

It’s the unexpected side-effect of the Chinese love affair with our housing market — a proliferation of faux French-provincial mansions popping up in Australian suburbia.

The Australian

http://www.theguardian.com/australia-news/2015/jun/21/australian-inequality-rising-as-top-20-increase-wealth-and-income-report

Australian inequality rising as top 20% increase wealth and income – report

Australia’s rich are getting richer, and while inequality here is not as extreme as in the US or the UK, it is heading in that direction, according to a new study by the Australian Council of Social Service. Australians earning in the top 20% of incomes receive five times as much as those in the bottom 20%. A person with accumulated wealth in the top 20% has 70 times as much as a person in the bottom 20%.

The Guardian

https://sourceable.net/foreign-residential-property-investment-will-roll-on-bis/

Foreign Residential Property Investment Will Roll On: BIS

Overseas investment in housing throughout Australia will not slow down due to new Federal and State government rules imposing greater cost on foreign property transactions, a key research firm says.

Sourceable

http://www.natlawreview.com/article/rich-investors-set-to-boost-innovation-capital-australia

Rich Investors Set To Boost Innovation Capital In Australia

The Government recently announced a new three-part complying investment framework for the Significant Investor Visa (SIV) and Premium Investor Visa (PIV) programme.

The National Law Review