The Real Estate Conversation

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2022/23 Federal Budget Wish List

As the price of goods and services increases, the overarching theme of the 2022/23 Federal Budget will be about combating the rising ‘cost of living’ pressures. For property markets this means addressing housing and rental affordability says Matt Tiller Head of Research LJ Hooker

National

The Economy

Migration reversal exacerbates worker shortage - HIA

“Australia’s population growth slowed to just 0.3 per cent over the year to the September Quarter of 2021, close to the slowest rate of growth for more than 100 years,” stated Nick Ward, HIA Senior Economist.

National

The Economy

House prices hit a 20 year record for annual growth: REIA real estate market facts

House prices have increased at the highest rates in two decades with a rise of 25.1% for the twelve months ending December 2021, the latest Real Estate Institute of Australia’s (REIA) Real Estate Market Facts has found.

New South Wales (NSW)Sydney

People

Western Sydney Agents, launch InHaus Estate Agents, motivated to make their own decisions

Two Western Sydney agents have joined forces, to launch their own business, InHaus Estate Agents, powered by UrbanX.

National

The Economy

Investors hold steady

While there may be a rental shortage across Australia, the number of investors buying up at auction has stayed steady in 2022 says Ray White.

Queensland (Qld)Gold Coast

People

Heart warming outcome for property search after years of border closures

Agent rates heart-warming outcome up there with delivering suburb record says Ben Williams RE/MAX Hall of Fame member.

National

The Economy

John McGrath - East Coast market observations

John McGrath founder and executive director of McGrath Estate Agents shares his observations on the current property market in the shadow of natural disaster and global unrest.

New South Wales (NSW)

People

One of Wollongong’s leading women in real estate has moved to Wollongong’s CBD

First National Real Estate has announced that one of Wollongong’s leading women in real estate Leanne Brailey Principal of First National Real Estate Brailey Figtree, has opened her new high-profile office at 345 Keira Street, Wollongong, rebranded as First National Real Estate Wollongong.

Queensland (Qld)Brisbane

Featured Property

Classic Ascot Spanish Mission bungalow for sale - Place

107 Anthony Street Ascot for sale by Patrick McKinnon and Drew Davies of Place Ascot delivers elegant, luxury living just 6km north of Brisbane CBD.

Victoria (Vic.)

Featured Property

Exclusive St Kilda Road apartment for sale with views to Port Phillip Bay - Kay & Burton

Apartment 1403/469 St Kilda Road for sale by Eleisha Doherty and Tommy McIntosh of Kay & Burton offers secure low maintenance living perfect for those desiring a city base, downsizers or investors.

Pages

News Roundup

https://www.canberratimes.com.au/business/companies/quest-for-fairness-investors-revolt-against-serviced-apartments-20180425-p4zbl0.html

Quest for fairness; investors revolt against serviced apartments

Retired senior public servant David Lawrance has a warning for those investing in “set and forget” serviced apartments.

Canberra Times

http://www.afr.com/real-estate/sydney-clearances-pick-up-returning-buyers-likely-to-ensure-soft-landing-20180506-h0zoy2

Sydney clearances pick up: Returning buyers likely to ensure soft landing

Sydney auction clearances strengthened to a preliminary rate of 66.9 per cent in the week to Saturday, boosting hopes for a gradual slowdown supported by a partial return of investors to the market.

Australian Financial Review

http://www.abc.net.au/news/2018-05-07/sydney-melbourne-housing-price-fall-sqm-downgrade/9734388

Sydney and Melbourne property prices predicted to fall by up to 4 per cent

Housing prices in Sydney and Melbourne are tipped to fall by as much as 4 per cent this year, according to the latest report from property analysis firm SQM Research.

ABC

https://thewest.com.au/business/commercial-property/siblings-regroup-to-offer-quality-local-housing-choice-ng-b88823566z

Siblings regroup to offer quality, local housing choice

Transcontinental Group and TRG Properties founder Tony Trevisan has retired, triggering a generational handover and rebranding of both companies.

The West Australian

https://www.smh.com.au/business/banking-and-finance/lower-bad-debts-help-westpac-grow-profit-6-percent-to-4-25b-20180507-p4zdqt.html

Lower bad debts help Westpac grow profit to $4.25b

Westpac has notched up a first-half cash profit of $4.25 billion, an increase of 6 per cent, helped by wider profit margins and lower charges for bad debts.

The Sydney Morning Herald

http://www.afr.com/real-estate/sydneys-mosman-chalks-up-new-suburb-high-with-10m-apartment-sale-20180503-h0zlhp

Sydney's Mosman chalks up new suburb high with $10m apartment sale

Sydney's most prestigious suburbs are shrugging off city's overall price decline, as Mosman showed with the $10 million-plus sale of a four-bedroom apartment on Thursday.

The Australian Financial Review

http://www.afr.com/personal-finance/property-prices-belted-as-nervous-banks-slam-on-brakes-for-borrowers-20180503-h0zksh

Property prices 'belted' as nervous banks slam on brakes for borrowers

Property prices in recently top performing inner suburbs of Melbourne and Sydney are being "belted" by up to 10 per cent as banks slam the brakes on lending in response to tougher regulatory scrutiny and the banking royal commission, according to real estate and buyers' agents.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/goodman-group-pays-467-million-for-hong-kong-logistics-site-20180503-h0zlj4

Goodman Group pays $467 million for Hong Kong logistics site

Goodman Group has paid $HK2.75 billion ($467 million) for a site in Hong Kong that it will develop into a logistics hub.

The Australian Financial Review