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Rental crisis weighs heavily on Property Managers - REIQ

The Real Estate Institute of Queensland (REIQ) is calling for industry, community and Government to better support Property Managers who are struggling to cope with the ongoing pressure caused by a very tight rental market, legislative reform and the recent flood events.

Western Australia (WA)Perth

People

Re/max Australia recognises their best in Western Australia

Joel Davoren, Managing Director RE/MAX Australia, spent last week in Western Australia meeting and personally presenting awards to the network’s real estate offices, broker owners and teams with Perth based RE/MAX Business Growth Manager, Simon Withers.

Queensland (Qld)Gold Coast

People

Dan and Essie Moloney join Adcock Prestige Gold Coast

A husband and wife real estate team are set to take on the Gold Coast prestige property market, opening the first local office for leading prestige agency, Adcock Prestige. Dan and Essie Moloney will work the luxury property market along the southern end of the Gold Coast.

National

People

Rising star and new talent join McGrath Queensland

McGrath recruits rising star Emily Magee and a string of new talent with a focus on support.

National

The Economy

Home ownership plan for Budget 2022 applauded - REIA

The announcement that the Federal Budget 2022 will unlock 50,000 new places for the First Home Loan Deposit Scheme (FLHDS) has today been applauded by the Real Estate Institute of Australia (REIA).

National

The Economy

John McGrath – How COVID-19 changed the market

The biggest impacts of COVID on our market according to John McGrath founder and executive director of McGrath Estate Agents.

National

The Economy

Unlock The Potential For A Better Built Environment - Strata Peak Body SCA Sets Out 2022 Federal Election Agenda

SCA’s 2022 campaign is prioritising three key areas of reform for the strata property sector, sustainability in strata, insurance affordability and availability, and a better quality environment are property peak body Strata Community Association’s (SCA) top priorities for future governments to address, ahead of the upcoming federal election says SCA National President Chris Duggan.

National

Politics

Election 2022: regional focus welcome with negative gearing now safe

Real Estate Institute of Australia (REIA) has welcomed the Leader of the Opposition’s announcement to provide 10,000 places within the First Home Loan Deposit Scheme (FHLDS) for regional Australians living in communities for 12 months or more.

New South Wales (NSW)

Featured Property

Historic Upper Hunter estate for sale - Cullen Royle

Brindley Park Merriwa for sale by Richard Royle and Deborah Cullen of Cullen Royle one of Australia’s most remarkable country estates on approx. 320 acres (130 hectares).

Victoria (Vic.)Melbourne

Featured Property

Luxury The Hopetoun Toorak Penthouse for sale - Kay & Burton

The Penthouse at 2A Hopetoun Road Toorak for sale by Grant Samuel, Ross Savas, Darren Lewenberg, and Duncan Fraser-Smith of Kay & Burton embodies a modern, timeless aesthetic.

Pages

News Roundup

http://www.afr.com/real-estate/commercial/development/ashemorgan-embarks-on-second-phase-to-revive-docklands-mall-20180514-h101bi

AsheMorgan embarks on second phase to revive Docklands mall

Sydney investment house AsheMorgan has embarked on the final phase of its $150 million plan to turn Docklands' unloved former Harbour Town mall into a retail, food and entertainment mecca.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/investment/15m-suburban-office-sale-sets-new-32-per-cent-yield-benchmark-in-melbourne-20180514-h101m8

$15m suburban office sale sets new 3.2 per cent yield benchmark in Melbourne

A record for suburban office buildings has been broken in Melbourne after a marathon 52 bids at auction that resulted in a two-storey building sell on a yield of 3.2 per cent, reflecting the incredible heat in the market.

The Australian Financial Review

https://www.watoday.com.au/national/western-australia/pool-plans-cost-perth-building-surveyor-2500-20180514-p4zf8u.html

Pool plans cost Perth building surveyor $2500

A Perth building surveying company has been fined $2500 after the Building Services Board found it had certified plans that breached pool safety regulations at an Iluka property in 2016.

WA Today

http://www.afr.com/business/banking-and-finance/brookfield-trumps-bgh-bid-for-healthscope-20180514-h101ls

Brookfield trumps BGH bid for Healthscope

Canadian giant Brookfield Asset Management has signalled its intent to be a major player in Australia's healthcare sector with an aggressive $4.35 billion bid for Healthscope, trumping a rival private equity bid for the nation's second largest private hospital operator.

The Australian Financial Review

https://www.smh.com.au/national/nsw/ivanhoe-redevelopment-criticised-for-lack-of-affordable-housing-20180511-p4zeqr.html

Ivanhoe redevelopment criticised for lack of affordable housing

The NSW government promises its redevelopment of a public housing estate in Sydney’s north will provide up to 1000 dwellings for social housing as well as community facilities and services.

Sydney Morning Herald

http://www.afr.com/real-estate/trophy-properties-sell-for-record-prices-despite-lending-squeeze-pinching-buyers-20180513-h0zzw6

Trophy properties sell for record prices despite lending squeeze pinching buyers

Demand remains strong for Melbourne and Sydney "trophy" properties but overall sales are slowing because of tougher lending conditions, particularly in the $3 million to $5 million sector, according to real estate specialists.

The Australian Financial Review

http://www.afr.com/real-estate/landowners-fight-pipeline-in-case-headed-to-us-appeals-court-20180509-h0zvfj

Landowners fight pipeline in case headed to US appeals court

The pipeline is routed to run through the farm George Jones' family owned for seven generations but state law meant he couldn't even keep surveyors out.

The Australian Financial Review

https://www.canberratimes.com.au/national/act/new-suburb-could-heighten-risk-of-flooding-on-light-rail-route-20180503-p4zd24.html

New suburb could heighten risk of flooding on light rail route

A new suburb planned for Canberra's north could heighten the risk of flooding along a section of Canberra's light rail route that was inundated during a one-in-100-year weather event earlier this year.

Canberra Times