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Federal Budget 2021 new initiatives welcomed - REISA

REISA CEO Barry Money has welcomed measures to assist homebuyers, investors, and property professionals announced in the recent Federal Budget.

Western Australia (WA)Perth

People

2021 REIWA Awards for Excellence winners announced

More than 400 Western Australian real estate professionals attended the REIWA Awards for Excellence at Crown Perth on Friday 21 May to celebrate and acknowledge the industry’s best and brightest.

National

People

First National Real Estate Announces National 2020 General Excellence & Marketing Awards

Over 500 of First National Real Estate’s agents were presented with their 2020 General Excellence and Marketing Awards at The Great Hall of Parliament House in Canberra on Saturday night.

National

The Economy

REAP Dashboard is officially launching at AREC

This Australian platform REAP is a world-first and is the brainchild of career real estate sales and finance professionals Chris Mercer and Aaron David. They know the sector intimately and have designed it to help support your decision making.

National

The Economy

2,845 homes taken to auction across the combined captial cities - CoreLogic

There were 2,845 homes taken to auction across the combined capital cities this week, compared to 2,905 over the previous week and 612 this time last year according to CoreLogic.

National Victoria (Vic.)Melbourne

The Economy

John McGrath – Victorian property tax hike unfair revenue grab

The Victorian Government's proposed stamp duty increase will hit both family home owners and small to large businesses alike, according to John McGrath founder and executive director of McGrath Estate Agents.

New South Wales (NSW)

Featured Property

Boutique Pokolbin Estate with olive grove and vineyard sold by Cullen Royle

Olio Mio sold by Richard Royle and Deb Cullen of Cullen Royle, who told WILLIAMS MEDIA, “We are seeing a trend emerge with buyers looking to now buy holiday destinations."

Queensland (Qld)Brisbane

Featured Property

Landmark Brisbane residence ‘Blair Lodge’ sold by Place

Sold by Courtney Caulfield and Simon Caulfield of Place, who told WILLIAMS MEDIA the Hamilton home was “a piece of history that can’t be repeated.”

New South Wales (NSW)

Featured Property

Jamberoo Valley’s Karinya sells for record price - Di Jones

Karinya at Jamberoo Valley was sold or the record sale price of $7.65 million by Michael Cawthorn of Di Jones Bowral.

Queensland (Qld)Brisbane

Featured Property

1970s futurist home to go under the hammer in Brisbane - Sotheby’s

The Donald Spencer designed Carseldine home is on the market for the first time in over two decades. For sale by Michael Vettoretto of Queensland Sotheby’s International Realty.

Pages

News Roundup

https://www.smartpropertyinvestment.com.au/news/17028-apra-keen-to-step-back-from-investor-lending-restrictions?utm_source=SmartPropertyInvestment&utm_campaign=26_10_17&utm_medium=email&utm_content=1

APRA keen to 'step back from' investor lending restrictions

Restrictions placed on investors were only meant to be “temporary”, says APRA’s chairman.

Smart Property Investment

http://www.abc.net.au/news/2017-10-25/sydney-rent-regulations-could-be-changed-under-nsw-labor-plan/9084666

Sydney rent: NSW Opposition wants overhaul of tenancy laws

Kirsty's landlords had every right to kick the mother of three out of her Sydney property for no reason last Christmas, but the rules allowing such evictions might soon change.

ABC

https://sourceable.net/how-safe-are-external-cladding-products-and-can-the-building-code-catch-up/

How Safe Are External Cladding Products?

And Can the Building Code Catch Up?

Sourceable

https://www.mortgagebusiness.com.au/breaking-news/11615-household-debt-now-at-2-trillion-in-debt-treasury

Household debt now at $2 trillion: Treasury

Secretary to the Treasury John Fraser says households hold $12 trillion in assets and that most of the debt belongs to wealthier Australians who are “best positioned” to service it.

Mortgage Business

https://sourceable.net/building-contracts-important-things-to-look-out-for/

Building Contracts – Important Things to Look Out For

If you are about to enter into, or have already entered into, a building contract for a residential building, there are some critical things to look out for.

Sourceable

http://www.afr.com/real-estate/lacrosse-building-owners-have-to-replace-cladding-before-case-starts-20171024-gz7f34

Who will pay Lacrosse cladding bill?

A case that will determine who has to pay to replace the cladding on Melbourne's Lacrosse building will only start in September next year, two months after the deadline set by authorities to fix the problem.

The Australian Financial Review

http://www.afr.com/real-estate/kpmg-challenges-frasers-propertys-claims-on-the-impact-of-rate-rises-20171023-gz6gok

Don't worry about rate rises causing recession: KPMG

Predictions by one of Australia's largest property developers that a 150 basis point rise in the mortgage market would trigger a recession have been challenged by KPMG.

The Australian Financial Review

https://thewest.com.au/lifestyle/real-estate/blue-chip-suburbs-continue-to-get-cheaper-ng-b88637064z

WA: Blue chip suburbs continue to get cheaper

Recent data from the REIWA showed median house prices across Perth’s million dollar suburbs have dropped significantly in the past few years.

The West Australian