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Landmark real estate education reforms pass

New laws that will lift education standards in the New South Wales property industry have been passed, and are expected to come into effect on 1 July 2018.

People

India's Balkrishna Doshi receives prestigious 2018 Pritzker Architecture Prize

Balkrishna Doshi's "ethical and personal approach to architecture has touched lives of every socio-economic class across a broad spectrum of genres since the 1950s."

Western Australia (WA)Perth

Featured Property

Quintessentially Cottesloe

This generous family home with views across to the iconic pines and the city is close to everything Cottesloe is famous for. For sale by Deborah Brady of Acton - Cottesloe.

International

The Economy

Sydney, Melbourne make top 20 for Knight Frank Prime Residential Index

Knight Frank's 12th edition of The Wealth Report incorporates a new City Wealth Index, on which Sydney ranks 11th, and Melbourne ranks equal 20th.

National

The Economy

First-home buyer numbers are up but affordability worse: REIA / Adelaide Bank report

New Research from the REIA and Adelaide Bank shows the number of first-home buyers in the market increased during the December quarter, even though housing affordability declined.

International

Design

Why choose a natural swimming pool?

"Swimming in soft, natural water is untainted, pure joy," says Ralf Schmiel of natural pool specialist, gartenART - Australia.

New South Wales (NSW)Sydney

Featured Property

Luxurious Killara home set amidst private manicured gardens

The full brick home showcases multiple casual and formal living zones, including a home theatre hub. For sale by Glenn Curran and Neo Wang of McGrath Lindfield.

National

Politics

Government inactivity contributes to affordability problems say HIA and Grattan

Both the HIA and the Grattan Institute are calling for urgent government action on housing affordability.

International National

Design

Three Aussie projects win top prizes at World Architecture News Awards

Three Australian projects won top prize in their category at the WAN awards, announced in London last week.

New South Wales (NSW)Sydney

Politics

Prime minister launches City Deal for Western Sydney

Malcolm Turnbull, Gladys Berejiklian and eight Western Sydney councils have agreed to a co-ordinated plan for the region, including plans for Badgerys Creek airport, new bus and rail links, the Badgerys Creek "Aerotropolis", and an agribusiness precinct.

Pages

News Roundup

http://www.theaustralian.com.au/business/wealth/grollo-backed-apn-property-offers-solid-profit-growth/story-e6frgac6-1227468335987

Grollo-backed APN Property offers solid profit growth

The company is benefiting from the growth in superannuation savings, but also renewed interest in income-producing assets such as property, which is driving strong inflows to APN’s funds.

The Australian

http://www.architectureanddesign.com.au/news/expert-judges-revealed-for-2015-sustainability-awa

Expert judges revealed for 2015 Sustainability Awards

This year’s panel includes DWP|Suters’ National Sustainability Leader Rory Martin, Lend Lease Sustainability Consultant Darryl Stuckey, Envirotecture founding director Dick Clarke and Norman Disney & Young Global Sustainability Director Tony Arnel.

Architecture & Design

http://www.businessspectator.com.au/article/2015/7/22/property/little-manhattan-sydney-apartment-prices-shoot-sky

Little Manhattan: Sydney apartment prices shoot for the sky

Manhattan is legendary for expensive and small apartments, with a record current average price of $US1.87m ($2.5m), according to a report by US appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Sydney is not quite there yet, but the cost of redevelopments, or indeed replacement costs, will set new price records, challenging the ability of many Australian buyers to afford an apartment.

Business Spectator

http://www.afr.com/business/construction/new-home-sales-likely-to-have-peaked-in-fy2015-hia-says-20150803-giqahy

New home sales likely to have already peaked

New home sales are likely to decline after reaching a five-year high in the 12 months to June, the Housing Industry Association says.

The Australian Financial Review

http://www.dailytelegraph.com.au/newslocal/central-coast/central-coast-real-estate-narara-and-tumbi-umbi-named-as-two-of-australias-biggest-property-hot-spots/story-fngr8h0p-1227470687345

Central Coast hot spots

Narara and Tumbi Umbi have been identified by Realestate.com.au as two of the country's most in-demand suburbs.

The Daily Telegraph

http://www.news.com.au/finance/real-estate/melbourne-leads-in-real-estate-as-property-market-hits-6-trillion/story-fndban6l-1227467869660

Melbourne leads in real estate as property market hits $6 trillion

The Australian property market has hit the $6 trillion mark, but Melbourne has overtaken Sydney as the country’s best performer. Home values across Australia’s capital cities pushed another 2.8 per cent higher in July and have lifted 11.1 per cent during the past year, data released by CoreLogic RP Data shows. In the year to July, the market grew by half a trillion dollars, CoreLogic RP Data head of research Tim Lawless said.

news.com.au

http://www.canberratimes.com.au/act-news/canberra-property-values-increase-49-per-cent-in-year-to-july-20150802-giq12o.html

Canberra property values increase 4.9 per cent in year to July

Residential property values in Canberra rose more than all Australian capital cities, except Sydney and Melbourne, in the calendar year to July, with a 4.9 per cent increase, new figures show. But year-on-year figures published by the CoreLogic RP Data Home Value Index put Canberra behind all but two capital cities – Perth and Darwin – with a 1.2 per cent increase in capital growth when compared with the previous July.

The Canberra Times

http://www.afr.com/real-estate/residential/housing-investor-credit-growth-revised-up-to-107-per-cent-20150731-giol5t

Lending to landlords accelerates despite crackdown

The red-hot housing investor loan market is expanding even faster than thought, with figures showing growth accelerated to 10.7 per cent a year in June after billions of dollars in loans were reclassified as investor mortgages.

The Australian Financial Review