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Featured Property

Golden Mile modernist luxury

With a prized corner setting, this refined Toorak residence features stunning French oak herringbone flooring, extensive use of Italian marble, and customised steel framed glass interior partitions for a light-filled living environment. For sale by Ross Savas and Phillip French of Kay & Burton South Yarra.

Queensland (Qld)Brisbane

Featured Property

Eyeline, skyline: Brisbane skyhome as seen on Better Homes and Gardens

Emporium Penthouse captures 280-degree never-to-be-built-out views from the CBD to Mt Cootha and hosts South Bank’s only rooftop infinity edge pool. For sale by Jeanette Jensen of Bold Residential.

New South Wales (NSW)Queensland (Qld)

Politics

Building sector calls on election winner to reignite consumer confidence

The week leading into the election has been an eventful one for Australia's housing sector.

Western Australia (WA)

The Economy

'Get rid of it' - REIWA President calls on state government to remove Foreign Buyers Duty

Real Estate Institute of Western Australia President Damian Collins said the Foreign Buyers Surcharge introduced at the start of this year has come at the wrong time for the state.

People

CBRE named best property consultancy in Australia at Property Awards

CBRE has been judged Australia's best property consultancy at the Asia Pacific Property Awards held in Bangkok.

Victoria (Vic.)Melbourne

Featured Property

Victorian terrace on the gardens: 'Grace Darling'

A stunning contemporary expansion has transformed this South Terrace home for an excellent inner-city lifestyle. For sale by Antony Woodley and Antony Harbor of Collins Simms Fitzroy North.

International

The Economy

Brisbane, Sydney, Melbourne and Perth make Knight Frank Prime Global Cities Index

Australia has received strong representation in the Knight Frank Global Cities Index for Q1 2019, with four capital cities included on the list.

The Economy

First Home Loan Deposit Scheme would be 'short-term gain for long-term pain' - Starr Partners CEO

Not everyone is happy with the Coalition's First Home Loan Deposit scheme, with Starr Partners CEO Douglas Driscoll describing the policy as a "bandaid solution".

National

Construction

Credit squeezing industry activity - HIA

HIA has forecast a further downturn in building activity as part of its quarterly economic and industry outlook report, released on Wednesday.

South Australia (SA)Adelaide

Featured Property

Halcyon House: Heart, soul and ocean views with 3 titles

Escape to the Adelaide Hills home with this spacious property, featuring secret doorways and hidden follies. For sale by Dee-Anne Hunt of Harcourts Williams.

Pages

News Roundup

http://www.domain.com.au/news/australians-are-entering-twilight-years-with-150000-of-mortgage-debt-ing-direct-20160607-gpdhip/

Australians are entering twilight years with $150,000 of mortgage debt says ING Direct

Australians are failing to pay off their homes by retirement and facing their twilight years with mortgage debt, new research shows.

Domain

http://www.theaustralian.com.au/business/property/property-developers-pull-back-on-apartments/news-story/7244cd0d593119696ef5fd4af1470363

Property developers pull back on apartments

Developers are quietly shelving or delaying projects as tighter lending, rising costs, a drop in Chinese buyers, and impending oversupply bites.

The Australian

http://www.afr.com/news/economy/rba-warns-rebound-in-property-prices-will-be-temporary-20160607-gpdjl0

RBA warns rebound in property prices will be temporary

Bronte Capital's John Hempton says an oversupply in apartments and housing, particularly in west and north-west Sydney, surprised him as did the prices.

The Australian Financial Review

http://www.smh.com.au/nsw/sydney-storm-seawall-delayed-by-funding-row-with-collaroy-homes-on-the-brink-of-collapse-20160607-gpdqsk.html

Seawall delayed by funding row

Plans to construct a seawall to protect the the damaged homes on Collaroy Beach were approved in 2014 but were never acted upon because of a dispute over who would fund it.

The Sydney Morning Herald

http://www.domain.com.au/news/billionaire-developer-builds-broadbeachs-tallest-building-20160607-gpdmko/

Billionaire developer builds Broadbeach’s tallest building

Australia’s $10 billion man, property developer Harry Triguboff, will build Broadbeach’s tallest building – 64 storeys high – just 400 metres from the Gold Coast’s light rail station.

Domain

http://www.mortgagebusiness.com.au/breaking-news/9876-westpac-makes-significant-lending-changes

Westpac makes significant lending changes

New parents will now have their paid parental leave and return to work income recognised when they apply for a mortgage with Westpac.

Mortgage Business

http://www.afr.com/real-estate/residential/sydneys-beachfront-luxury-homes-preened-for-auctions-now-washed-out-20160606-gpcmx0

Sydney's beachfront luxury homes preened for auctions now washed out

The owners of two beachfront homes on Collaroy Beach should have been styling their homes for their upcoming auctions but instead, they have fled for safety.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/banks-slice-apartment-values/news-story/d5b5c1d6d61ba27daec6fc401d9d0976

Banks slice apartment values

Banks are revaluing apartments bought off the plan “well below” the initial purchase price, raising the risk that deals will fall over as the nation’s glut rises to 70,000 units.

The Australian