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Detached dwelling approvals reach new record - HIA

“Detached building approvals in March reached their highest level since the ABS began this series in 1983,” stated Senior Economist, Nick Ward.

New South Wales (NSW)

People

REAL Specialist makes three record breaking sales across different categories

As an independent operator, Mason Garten appreciates the strong back of house support provided by REAL Specialists.

Victoria (Vic.)

The Economy

Victoria’s OC Laws: The 5 Changes to Watch in 2021

If you own an apartment, townhouse or other strata-titled property, new laws affecting your Owners Corporation (OC), are due to take effect from 1 December 2021.

National

The Economy

First home buyers help drive housing market - HIA

“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.

Queensland (Qld)Brisbane

Featured Property

Clayfield family entertainer with district views - Place

The home is well designed for families with growing children, who want room to move. For sale by Ann-Karyn Fraser of Place New Farm.

National

The Economy

Growth in housing finance approvals resumes - REIA

The March 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing rose again after a fall in February which came after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).

New South Wales (NSW)

People

McGrath appoints Michael Murray as Head of Company Sales

McGrath Estate Agents today announced that Michael Murray has been appointed Head of Company Sales for the group with a clear mandate to grow overall agent numbers, productivity and marketshare.

New South Wales (NSW)

Featured Property

Natural paradise close to Lismore with additional income - REAL Specialists

Create a dream country home with pastural views just half an hour from the beach and 10 minutes from Lismore. For sale by Jodie Mitchell of REAL Specialists.

Western Australia (WA)Perth

The Economy

Perth median house price above $500,000 for first time since 2018 - REIWA

REIWA President Damian Collins said reiwa.com data showed Perth’s median house sale price had increased to $508,000 during April.

National

The Economy

CoreLogic: Home values continue to rise but the pace of growth loses steam in April

Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).

Pages

News Roundup

http://www.theaustralian.com.au/business/economics/imf-warns-that-australias-household-debt-hangover-will-hurt/news-story/c50bf10772846ec624202c8a7fc4e156

IMF warns that Australia’s household debt hangover will hurt

Rapid growth in household debt works as a short-term sugar hit to the economy but leaves a long hangover with reduced growth, higher unemployment and the risk of a banking crisis, the IMF has warned.

The Australian

https://theconversation.com/stuck-in-traffic-we-need-a-smarter-approach-to-congestion-than-building-more-roads-84774

Stuck in traffic

We need a smarter approach to congestion than building more roads.

The Conversation

https://www.mortgagebusiness.com.au/breaking-news/11534-rba-fears-property-investors-could-bring-the-market-down?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_10_17&utm_medium=email&utm_content=1

RBA fears property investors could bring the market down

Given the high number of property investors in Australia, the RBA is worried that if capital growth slows, investors will put their properties on the market.

Mortgage Business

https://www.smartpropertyinvestment.com.au/news/16885-investors-warned-about-unlikely-fire-hazard?utm_source=SmartPropertyInvestment&utm_campaign=03_10_17&utm_medium=email&utm_content=1

Investors warned about unlikely fire hazard

One of the country’s leading strata industry bodies says BBQ gas bottles a fire safety threat for Victorian apartment blocks as more residents turn their balconies into ‘outdoor’ barbecue areas.

Smart Property Investment

https://www.mortgagebusiness.com.au/breaking-news/11535-former-cba-adviser-banned-for-forgery?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin03_10_17&utm_medium=email&utm_content=3

Former CBA adviser banned for forgery

ASIC has banned former Commonwealth Financial Planning and Financial Wisdom adviser Koresh Daniel Houghton after surveillance found he failed to act in his clients’ best interests.

Mortgage Business

http://www.afr.com/brand/afr-magazine/harry-triguboff-tops-australias-most-powerful-property-people-in-2017-20170811-gxu6eu

Harry Triguboff tops Australia's most powerful property people

The AFR Magazine's annual Power issue lists key players across five industry sectors - including property.

The Australian Financial Review

http://www.abc.net.au/news/2017-09-30/golden-week-chinese-property-buyers-flock-to-australia-property/8985894

Chinese property buyers face tighter rules as real estate agents go for broke in 'Golden Week'

Cashed-up Chinese property hunters will be treated to helicopter rides and "money-can't-buy" experiences when they flock to Australia next week, but higher taxes and tighter regulations force many of them to slash their budgets.

ABC

https://www.mortgagebusiness.com.au/breaking-news/11533-report-chinese-us-banks-more-trusted-that-ours?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin02_10_17&utm_medium=email&utm_content=3

Chinese, US banks more trusted than ours

New research has revealed that Australian banks have an overall trust score of 52.8%, compared to China’s 77.0%.

Mortgage Business