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Median sale price increases in eight regional centres says REIWA

Real Estate Institute of Western Australia says 8 of 9 Western Australia’s regional centres have recorded an increase in median sale price for the September 2020 quarter, with Karratha experiencing the largest increase of 8.1 per cent to $465,000.

National

The Economy

John McGrath – What’s driving the Spring market?

The number of homes for sale across Australia is at a 10-year low, with new listings increasing only marginally in the month of September and overall stock for sale actually falling. This is highly unusual for the first month of Spring, which is traditionally our busiest selling season.

New South Wales (NSW)Sydney

Featured Property

‘Forest Glen’: Paddock to plate lifestyle on 25 acres

Less than 1 hour from Sydney's CBD, this country estate offers a relaxed lifestyle for sustainable living. For sale by Deborah Cullen and Richard Royle of Cullen Royle.

Featured Property

'The Glasshouse': Award-winning designer luxury

For sale by Ben Collier of The Agency, who told WILLIAMS MEDIA, “Normally you wouldn’t see these interiors and quality of finishes until you reach a price range of $10,000,000+.”

Victoria (Vic.)Melbourne

People

Nick Harding of Ha Architecture: design from the inside, out

"Being able to propose an idea to a client and then delivering that concept exactly as it was intended is a very satisfying experience." Nick Harding, Ha Architecture.

Queensland (Qld)Brisbane

Featured Property

Architectural perfection with full Brisbane and river panoramas

Sophisticated single-level living meets clever design and mesmerising views. For sale by Sarah Hackett of Place Bulimba.

Queensland (Qld)Brisbane

Featured Property

Bespoke Wynnum home with spectacular island views

For sale by Caiti Shaw of Place Bulimba, who told WILLIAMS MEDIA, "I have no doubt this home will attract many buyers looking to move from the inner city out to the bay."

Victoria (Vic.)

Featured Property

‘Planetrees’: Sophisticated country living with boutique income stream

Whether it is a lifestyle change or escape to the country with substantial income in place and future potential, Planetrees Estate has it all in one of Victoria’s most picturesque locations. For sale by Sue Gratton of Circa Heritage and Lifestyle Property.

Victoria (Vic.)Melbourne Brighton

Featured Property

Buyer purchases Tuscan style apartment for his wife to create art

The buyer loved this building so much he purchased all 3 apartments in the building. Sold by Chelsie Cargill and Alex Schiavo of Kay & Burton.

New South Wales (NSW)

Featured Property

Stunning Southern Highlands estate on 65 acres for sale: The Agency

Horse lovers take note of this outstanding French inspired farmhouse with Olympic sized arena and stabling for six horses, nestled in beautiful Berrima, for sale through Ben Olofsen and Cameron McKillop of The Agency.

Pages

News Roundup

http://www.afr.com/real-estate/no-country-for-old-men-or-women-rental-sector-needs-adapt-for-ageing-australia-20170629-gx17fl

Rental sector must adapt for ageing population

As housing becomes increasingly unaffordable, growing numbers of older Australians will reach retirement without owning their own home. With short leases and little security over tenure, ageing Australia is in for a hard time.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/evoking-that-special-feeling-how-to-sell-a-luxury-home/news-story/58c7832bed94f5a56ec87e083d06fdec

How to sell a luxury home

Champagne and cupcakes are served. A pianist plays a grand piano. The scents of fresh flowers and baking break waft through the air.

The Australian

http://www.abc.net.au/news/2017-07-02/urban-sweet-potato-crops-feeding-needy-by-the-tonne/8663652

Urban sweet potato crops feeding the needy

Community farms on urban wasteland in Melbourne are producing tonnes of the root vegetable for the needy.

ABC

https://www.wsj.com/articles/new-york-penthouse-with-bonus-apartments-and-parking-asks-48-million-1498746108

New York penthouse with bonus apartments asks US$48m

Developer Continuum Company is offering two studios and two parking spaces to help sell its duplex penthouse in Madison Square Park Tower.

The Wall Street Journal

https://www.businessinsider.com.au/how-to-retire-by-40-2017-6

How much you need to save to retire on a beach and play golf all day by age 40

How much you spend today and how much you plan to spend in retirement dictates how much you need to save before you can live your best life on a beach or on the golf course.

Business Insider

http://www.theaustralian.com.au/business/property/grocon-government-big-issue-in-housing-affordability-push/news-story/39d6e890d9ae875bd8e1f4f796603823

Grocon in housing affordability push

The construction giant has linked up with homelessness social enterprise The Big Issue and the federal government to increase the supply of affordable housing.

The Australian

https://www.domain.com.au/news/thinking-of-selling-to-a-buyer-from-china-you-might-want-to-get-in-quick-20170628-gx0dsb/

Stamp duty and cash transaction reforms to impact Chinese interest in Sydney property

Changes by the Chinese and NSW state governments set to take effect from 1 July could turn off foreign buyers.

Domain

http://www.afr.com/markets/equity-markets/rate-hikes-from-central-banks-could-be-next-crisis-20170628-gx0vci

Rate hikes from central banks could be next crisis

With the global economy in better shape, central banks are keen to get rates back to more normal levels so they have ammunition to deal with the next crisis if and when it happens.

The Australian Financial Review