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REIA lists 12 priorities for the Federal Government to address in the Budget

Real Estate Institute of Australia (REIA) is calling on the Federal Government to address several key issues impacting the property sector when it releases its May 2021 Budget.

National New South Wales (NSW)Sydney

People

McGrath brings new creative partnership with Canvas Group under one roof

McGrath Estate Agents has formed a new and strategic partnership with Canvas Group to collaborate on all facets of brand, design and content in a co-working environment.

National

The Economy

Christmas gift for housing as lending finishes in 2020 on a record high - REIA

December 2020 Lending to Households and Business figures released by the Australian Bureau of Statistics show that the value of new loan commitments for housing grew for the seventh consecutive month and reached a record high, according the REIA.

Queensland (Qld)Gold Coast

Featured Property

Construction heavy weight, Brett Walker to sell Broadbeach holiday home - Sotheby's

Two storey Broadbeach, Gold Coast penthouse for sale for $3,150,000 by Queensland Sotheby’s International Real Estate prestige agents, Veronika Princeton-Hall and Mashelle Jones.

National

People

C21 Appoints James Bell as CEO

Century 21 Australasia has appointed experienced real estate professional James Bell to the role of Chief Executive Officer.

Western Australia (WA)Perth

The Economy

Perth is currently Australia's fastest growing major market - REIWA

CoreLogic data and reiwa.com data has revealed that Perth is currently the fastest growing major market in Australia, with median house prices increasing to $490,000 in January.

National

The Economy

Australian housing values reach a new record high as values continue to rise across every broad region of the country: CoreLogic

Housing values continued to rise through the first month of 2021 with CoreLogic’s national home value index up 0.9% over the month.

National

The Economy

John McGrath – COVID-19 Turbocharges Australia’s International Appeal

A surge in expat enquiry throughout 2020, and likely well into 2021, appears to be offsetting the loss of demand from new migrants according to John McGrath, founder and executive director, McGrath Estate Agents.

New South Wales (NSW)Sydney

The Economy

REINSW: NSW Government 2020 Report Card

The REINSW has marked the NSW Government’s role in the property market in 2020 as a ‘fail’ but has identified five key ways it could perform to an A+ standard this year.

New South Wales (NSW)

The Economy

Coastal lots sell for record prices using Openn Negotiation

First National Yamba agents, Richard Hunt and Dave Grams brokered the deals using the online sales platform, Openn Negotiation.

Pages

News Roundup

http://www.afr.com/opinion/columnists/bankers-to-feel-a-chill-as-china-extends-capital-crackdown-20170807-gxrbwr

Bankers to feel a chill as China extends capital crackdown

Some big, high-flying Chinese corporates could soon be seeking to offload some of their Australian assets.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/development/as-beijing-gets-tough-wanda-tests-market-for-2-billion-australian-exit-20170807-gxr458

As Beijing gets tough Wanda tests market for $2 bn Australian exit

China's Dalian Wanda Group, which is under pressure to crimp its offshore expansion and facing a freeze on bank lending at home, is fielding offers for its two giant development projects in Australia.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11328-mortgagors-increasingly-worried-over-rates-and-repayments-bank-finds?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin01_08_17&utm_medium=email&utm_content=4

Mortgagors increasingly worried over rates and repayments, bank finds

According to ME’s most recent Household Financial Comfort Report, the level of optimism about future financial comfort has dropped by 4% over the 18 months to June 2017.

Mortgage Business

http://www.afr.com/real-estate/construction-speeds-up-july-at-fastest-pace-in-12-years-commercial-work-jumps-20170806-gxqlog

Construction speeds up at fastest pace in 12 years

Construction activity expanded in July as commercial work grew at its fastest pace in 12 years and detached house building also sped up, shows the Performance of Construction Index.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11351-easing-restrictions-could-encourage-more-islamic-lending-options?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin07_08_17&utm_medium=email&utm_content=2

Easing restrictions could encourage more Islamic lending options

A loosening of regulations on trade taxes could encourage a greater range of Islamic financing options in the market, a major Islamic mortgage manager has said.

Mortgage Business

http://www.theaustralian.com.au/life/home-design/prestige-property/noosas-residential-real-estate-market-hits-pregfc-levels/news-story/5ed7295c80e67bc58e76f3abc032210b

Noosa’s residential real estate market hits pre-GFC levels

Noosa’s residential real estate market is returning to its pre-GFC levels, with the arrival of a wave of enterprising cashed-up buyers.

The Australian

https://sourceable.net/the-new-dbdrv-is-now-the-first-port-of-call/

A government agency has been created in Vic to assist with disputes between owners and builders

An independent government agency has been created to help with disputes between owners and builders about defective or incomplete work, building construction delays, payment issues, and contracts.

Sourceable

https://www.dezeen.com/2017/08/04/fire-torch-tower-dubai-skyscraper-cladding/

Blaze tears through Dubai tower, again

A fire broke out at one of Dubai's tallest skyscrapers in the early hours of Saturday morning, causing the evacuation of over 600 residences, and reigniting debate about the safety of materials used in high-rise buildings.

Dezeen