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Law firm embarks on flammable cladding class action

Law firm Adley Burstyner is seeking expressions of interest from owners in a class action against builders who installed flammable cladding.

National

The Economy

Aussies believe they need $830,000 to be 'financially free'

Most Australians believe they need $830,000 to significantly improve their lives forever, but residents of NSW say they need a bit more than that.

South Australia (SA)Adelaide

Featured Property

Grand North Adelaide manor circa 1890 on elegant estate

This historic mansion, positioned in a world class location within two kilometres from the city, is for sale by Sally Cameron of Toop & Toop.

New South Wales (NSW)Sydney

Politics

New NSW housing code to boost the 'missing middle' in Sydney

Homeowners and developers wanting to build medium-density housing should find approvals faster and more straightforward under new processes being introduced by the NSW government.

Western Australia (WA)

The Economy

Increasing property taxes won’t fix WA’s budget woes: REIWA

The REIWA says increasing property taxes in the upcoming state budget could jeopardise the 'green shoots' of recovery emerging in the housing market.

National

The Economy

Demand rising for variable-rate mortgages, despite "growing speculation" rates headed higher this year

The proportion of borrowers choosing a variable-rate home loan has been rising steadily each month, according to the latest data from Mortgage Choice.

Queensland (Qld)Gold Coast

Featured Property

Your own piece of paradise in the exclusive River Cove Estate Helensvale

This family home on a substantial waterfront block is the ultimate expression of Gold Coast living. For sale by Evan Molloy and Dana Gotlieb of Hope Island Resort Realty.

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

The Economy

Vendors holding off ahead of school holidays

Auction volumes and clearance rates are well down on last year's results.

National

The Economy

Australia must maintain record rate of housing supply: HIA report

In 2016, Australia built a record 230,000 new homes. The nation needs to maintain this rate of supply for the next thirty years to meet future housing needs, says the HIA.

New South Wales (NSW)

Construction

Liverpool Range to be Australia's largest wind farm

Australia's largest wind farm has been approved by the New South Wales government.

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News Roundup

http://www.theaustralian.com.au/life/home-design/french-real-estate-low-prices-and-interest-rates-make-a-good-deal/story-fn6njxlr-1227502728556

French real estate: low prices and interest rates make a good deal

Victorian hostel owner Tim Walsh’s purchase of a modest two-bedroom home in the medieval French village of Verteuil sur Charente in 2010 was considered quite the novelty by the locals.

The Australian

http://www.theaustralian.com.au/news/experts-offer-buying-tips-into-adelaides-real-estate-hotspots/story-e6frg6n6-1227503581307

Experts offer buying tips into Adelaide's real estate hotspots

Real Estate Editor Tom Bowden asked three of Adelaide’s leading real estate experts — Harcourts’ chief executive Andrew Friebe, LJ Hooker’s regional manager Rod Adcock and Toop&Toop’s head of sales and marketing Genevieve Toop — where you should buy by price point and location.

The Australian

http://www.afr.com/real-estate/crowdfunding-provides-way-in-for-property-investors-20150826-gj7xwt

Crowdfunding provides way in for property investors

Australia was the "nanny state" holding back investors from owning properties, Mr Quigley and his peers from crowdfunders DomaCom, VentureCrowd and Woods Bagot told a Property Council of Australia breakfast in Sydney on Wednesday.

The Australian Financial Review

http://www.smh.com.au/comment/all-bubbles-burst-first-china-later-australia-20150826-gj8dpe.html

All bubbles burst, first China, later Australia?

The latest housing figures in the United States, released on Wednesday, showed the median home price in America was $US286,000, an increase of two per cent in 2015. This should be an arresting number for Australians, because, expressed in local currencies, the medium home value in the United States is less than half the median house price in Australia, which is $660,000.

Sydney Morning Herald

http://www.3aw.com.au/news/the-uber-of-real-estate-sqft-eyes-off-australia-20150826-gj7wsj.html

The Uber of real estate, SQFT, eyes off Australia

Neil Mitchell spoke to the developer of a US app described as the real estate version of Uber. James Simpson, CEO of SQFT, told Neil Mitchell 25 sales have been closed through his app, which cuts out the middle man - real estate agents.

3AW

http://www.perthnow.com.au/realestate/news/first-home-buyers-in-wa-getting-older-borrowing-more/story-fnhlgriw-1227500173912

WA's first home buyers a breed apart

First home buyers are growing up, with the average first home buyer in WA in their early 30s and packing a $40,000 deposit, according to the latest figures.

Perth Now

http://www.adelaidenow.com.au/realestate/news/new-report-names-budgewoi-and-surrounding-suburbs-as-worst-area-in-australia-for-late-home-loan-repayments/story-fni0chc0-1227500144087

Six Central Coast suburbs top national list for mortgage stress

Six suburbs on the NSW Central Coast have topped Australia’s worst performing list of missed mortgage repayments for the second consecutive year, according to a new report.

Central Coast Gosford Express Advocate

https://au.finance.yahoo.com/news/lend-lease-development-projects-hit-022904943.html

Lend Lease development projects hit record

Global property developer Lend Lease's development pipeline has hit a record of nearly $45 billion thanks to new projects in Asia and the Americas.

AAP