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Housing inquiry proves bipartisan national plan is needed: REIA

REIA has welcomed the handing down of the Inquiry into housing affordability and supply in Australia (the Report) by the Standing Committee on Tax and Revenue which reported 16 intersecting recommendations for the Federal Government’s attention.

National

The Economy

John McGrath – Survey shows women prefer apartments in blue-chip areas

There is also some correlation between gender home ownership and jobs according to John McGrath founder and executive director of McGrath Estate Agents.

Northern Territory (NT)Darwin South Australia (SA)Adelaide

People

First National announces SA/NT 2022 General Excellence & Marketing Awards

First National Real Estate’s SA/NT agents were presented with their 2022 General Excellence and Marketing Awards at Intercontinental Adelaide on Friday night. SA/NT State Chairman, Andrew Doyle, said it was a pleasure to see new offices, new salespeople and new investor relations managers recognised for their outstanding work over the past twelve months.

National

The Economy

Impediments to housing supply must be addressed - HIA

“The recommendations set out in today’s release of the federal inquiry into housing affordability and supply put a number of important recommendations on the table to improve housing supply,” said HIA Managing Director, Graham Wolfe.

New South Wales (NSW)

Featured Property

Sprawling Orara Valley Estate for sale - Cullen Royle

Coffs Harbour hinterland acreage for sale by Deborah Cullen and Richard Royle of Cullen Royle a stunning luxury Mid North Coast retreat offering the perfect blend of country and coastal living.

New South Wales (NSW)Sydney

Featured Property

Riverside Hunters Hill auction Sat 19 March – The Agency

23 Bonnefin Road Hunters Hill for sale by Lee Dowdall and Stephanie O’Sullivan of The Agency is a prestige waterfront sanctuary upgraded to perfection.

Victoria (Vic.)Melbourne

Featured Property

Botantic Collection ground floor South Yarra apartment for sale - Kay & Burton

Designed by architect Rob Mills the ground floor apartment at 30 Anderson Street South Yarra is for sale by Damon Krongold and Peter Kudelka of Kay & Burton.

Queensland (Qld)Brisbane

Featured Property

Greenslopes home for sale with Brisbane skyline views – Place Bulimba

158 Sackville Street Greenslopes for sale by Sarah Hackett of Place Bulimba is positioned in a sought-after enclave with fantastic entertainment options.

New South Wales (NSW)Sydney

Featured Property

Historic Birchgrove home sells midway through auction campaign

From illustrious owners to biker gangs and back historic Yurulbin 150 Louisa Road Birchgrove sold by Megan Smith of McGrath Balmain prior to auction.

Queensland (Qld)

People

Tony Williamson is back in action with RE/MAX

A familiar name and face in real estate has returned after a little over a two-year hiatus, which comes as no surprise to anyone who knows the incomparable Tony Williamson.

Pages

News Roundup

https://www.smh.com.au/national/nsw/tougher-noise-standards-on-zoning-for-new-homes-near-airports-dropped-20180506-p4zdnn.html

Tougher noise standards on zoning for new homes near airports dropped

Tighter restrictions on housing around Sydney's airports due to a new way of measuring aircraft noise have been cast aside after pressure from developers.

Sydney Morning Herald

http://www.afr.com/news/policy/budget/federal-budget-2018--falling-prices-may-hurt-moderating-housing-boom-20180508-1nzznm

New CBD bar proposed for heritage building

A two-storey brick building in Brisbane’s CBD that dates back to 1911 could be transformed into a bar.

Brisbane Times

https://www.brisbanetimes.com.au/national/queensland/new-cbd-bar-proposed-for-heritage-building-20180507-p4zdw0.html

FIRB buyer pushes Toorak prices above $12,000 per sq m for first time

An overseas buyer has paid $9.2 million for a four-bedroom house in one of Toorak's best streets, pushing the per-square-metre price in the prestige Melbourne suburb to a record high.

The Australian Financial Review

http://www.afr.com/real-estate/firb-buyer-pushes-toorak-prices-above-12000-per-sq-m-for-first-time-20180508-h0zsbp

Sydney investors pay $23m for two adjoining Melbourne office buildings in Cremorne

A Sydney developer has snapped up two neighbouring office building in Cremorne on Melbourne's city fringe for $23 million put up for sale by two prominent Melbourne families.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/development/sydney-investors-pay-23m-for-two-adjoining-melbourne-office-buildings-in-cremorne-20180508-h0zs4k

http://www.afr.com/technology/exnab-execs-raise-15m-to-disrupt-home-loan-market-with-new-startup-athena-20180503-h0zlxl

Ex-NAB execs raise $15m to disrupt home loan market with new start-up Athena

Macquarie Capital and Square Peg are the lead investors in a $15 million funding round for fintech start-up Athena, which aims to use the latest technology to steal a march on the big banks in the competitive home loans market.

The Australian Financial Review

http://www.afr.com/real-estate/stockland-sells-newcastle-retail-centre-north-sydney-office-tower-for-193m-20180507-h0zrnj

Stockland sells Newcastle retail centre, North Sydney office tower for $193m

Stockland has agreed to sell a retail centre in Newcastle and a North Sydney office tower for a combined value of $193.35 million, two weeks after promising further asset sales to fund its growing logistics business.

The Australian Financial Review

https://www.theage.com.au/national/victoria/price-threat-stifles-moves-to-heritage-list-beaumaris-modernist-homes-20180504-p4zdhl.html

Price threat stifles moves to heritage list Beaumaris' modernist homes

Home owners worried their property prices would dwindle have scuppered a council plan to heritage-list mid-century homes in a Melbourne beachside suburb.

The Age