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Why one fifth of Australians quit their jobs last year

A new study has revealed a fifth of Australians left their last workplace citing a lack of career progression. We spoke to Ewan Morton, joint managing director of Morton, and John Cunningham, owner and principal director of Cunninghams Real Estate, to get their top tips on retaining real estate talent.

New South Wales (NSW)

Featured Property

Ultimate waterfront living on Scotland Island for $2.2 million plus

This stunning waterfront property with breathtaking 180-degree views on Scotland Island is for sale by Sam Thompson of McGrath Avalon Beach.

National

The Economy

Home building boom improving affordability, says new report

Housing affordability has improved in most of Australia's capital cities, which one senior economist attributes to a record home building boom.

Queensland (Qld)Brisbane

The Economy

Approved development site for sale in Brisbane’s beautiful Bayside

Expressions of interest are being sought for a substantial approved townhouse development site in Brisbane’s affluent Bayside at 378 Manly Road, Manly West, through Ray White Special Projects Queensland.

Victoria (Vic.)Melbourne

People

New structure for Kay & Burton

The new year has come with change for Kay & Burton, which has announced the addition of seven new equity partners.

South Australia (SA)Adelaide

Featured Property

Brookhaven Estate: Hills living at its finest

This magnificent 1900's home that is one of just a rare few to grace the streets of the Adelaide Hills. For sale by Chris Robson and Callum Ansell of Belle Property Adelaide Hills.

Victoria (Vic.)Melbourne

The Economy

These are Melbourne's top price growth suburbs

Amid the doom and gloom surrounding the Melbourne housing market, the city’s median sale price crept up last year, according to the Real Estate Institute of Victoria (REIV). These were the top growth suburbs.

National

The Economy

Depreciation and off-the-plan properties

Investors who are looking to purchase a new property often look at buying off-the plan, says BMT Tax Depreciation.

National

The Economy

Tightened lending rules see new home sales plunge

New home sales fell by 14.9 per cent in the final quarter of last year, dropping to their lowest level in seven years, according to the Housing Industry Association of Australia (HIA).

Queensland (Qld)Gold Coast

Featured Property

"Heaven on earth" in the Currumbin Valley hinterland

Get away from the rat race in this stunning hinterland retreat nestled in the Currumbin Valley. For sale by Mishy Canning of LJ Hooker Palm Beach.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/executive-management-shakeup-renews-lend-lease/news-story/c0026710cd8ac973fdef67fe40c2abd9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20TheAustralianProperty%20%28The%20Australian%20%7C%20Property%29

Lend Lease has appointed Kylie Rampa to head its local property business

The diversified developer yesterday revealed several executive changes as the group focuses on large-scale urban renewal projects throughout Australia and key global locations.

The Australian

http://www.theaustralian.com.au/business/property/investors-feel-pinch-as-rents-start-to-contract/news-story/e00f347dcc4798ec5e17ac12b92513bf

Investors feel pinch as rents start to contract

Rents across Australia’s capital cities could begin to fall in the coming months after posting sluggish increases in the past year, CoreLogic RP Data has warned.

The Australian

http://www.theaustralian.com.au/national-affairs/state-politics/bureaucracy-hands-sacked-auburn-councillor-ronney-oueik-30m/news-story/9a1ded608c4819d5a9969a8891ac6511

Bureaucracy hands sacked Auburn councillor Ronney Oueik $30m

Sacked Auburn councillor and NSW Liberal government candidate Ronney Oueik has walked away with a $30m property windfall and the public inquiry into the scandal-plagued Sydney council is powerless to stop it.

The Australian

http://www.afr.com/business/apartment-buildings-with-no-car-parks-to-accelerate-says-global-expert-20160308-gndea2

Apartment buildings with no car parks to accelerate says global expert

John Campbell, the man who steered Toronto's $35 billion waterfront precinct overhaul for 13 years, says authorities around the world will need to factor in the diminishing need for car parks in multi-storey developments as the digital economy and a shift away from vehicle ownership takes hold.

The Australian Financial Review

http://www.apimagazine.com.au/2016/03/nsw-strata-changes/

Strata managers – new options for NSW owners

NSW’s new strata laws will make significant changes to the appointment and role of strata managing agents, and although the commencement date of 1 July 2016 is likely to be postponed, investment property owners need to be getting ready for the changes.

Australian Property Investor

http://www.afr.com/real-estate/alexandria-site-nets-30m-after-owners-amalgamate-properties-20160308-gndj09

Alexandria site nets $30m after owners amalgamate properties

Seven owners have sold their office warehouses in Alexandria in Sydney's south in one amalgamated 5590-square-metre site for $30 million.

The Australian Financial Review

http://www.theaustralian.com.au/business/wall-street-journal/chinese-developers-plan-to-build-cities-abroad-from-scratch/news-story/a481b2248a9f8604102d6d04d7ae4730

Chinese developers plan to build cities abroad from scratch

Chinese property developers have become a familiar sight at construction sites in the world’s wealthiest and also least developed cities, from New York to Nairobi in Kenya.

The Australian

https://www.themonthly.com.au/issue/2016/march/1456750800/richard-cooke/boomer-supremacy

The Boomer Supremacy

For many young and those approaching middle age, Sydney's lockout laws are the final manifestation of a growing cultural lockout. They have been locked out of the housing market, affordable education, the welfare system and secure employment. They have seen their political power and wealth shrivel. Now even recreation is being curtailed.

The Monthly