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Melbourne - steady as she goes in the world's most liveable city

Renewed interest from potential residents and investors has demonstrably filtered through to the Melbourne property market by way of continuing strong owner occupier and investment sales, says Daniel Kisbee, State Manager of Victoria, at HoldenCAPITAL.

New South Wales (NSW)

People

Two finalists announced in REINSW Senior Auctioneers Competition

Clarence White of Bresic Whitney and auctioneer Stuart Richie have been announced as the top two finalists in the Real Estate Institute of New South Wales (REINSW) Senior Auctioneers Competition.

New South Wales (NSW)Sydney

Featured Property

Avalon Beach deep-waterfront modernist gem with two titles

One of the few properties in Sydney offering Full Title below the high water mark, this Arthur Baldwinson-designed home enjoys spectacular views across Pittwater on Sydney’s Northern Beaches. For sale by Andrew Mappin and David Watson of LJ Hooker Avalon.

National

The Economy

Housing affordability driving buyers away from capital cities

Long-time residents are moving away from capital city suburbs, with many shifting to regional Australia, according to analysis by buyers’ agency, Propertyology.

Queensland (Qld)

The Economy

Ray White Special Projects fielding strong inquiry for Mango Hill redevelopment site

Ray White Special Projects is marketing the 2.298ha site in Mango Hill on behalf of a Mortgagee.

Design

Ownit Homes wins Brisbane Master Builders Award

Brisbane project home builder Ownit Homes has been named as the Brisbane winner of the Master Builders Queensland Display Home.

New Developments

Rainforest Rise Estate, Macaranga Road land for sale

Tony Williams and Mark Creevey from Ray White Special Projects are offering for sale the balance of Rainforest Rise Land Estate for sale in Cairns approved for 146 Lot Subdivision.

Western Australia (WA)Perth

Featured Property

Stately Freshwater Bay residence designed by Rodney Alsop

With unrivalled Swan River views, this renovated historic home combines riverside living with heritage grandeur. For sale by Deborah Brady of ACTON - Cottesloe.

National

The Economy

Prestige market holds up amid one of lowest auction clearance rates in 10 years

While it was a slow weekend for auctions across the nation, with one of the lowest clearance rates in ten years, there is still "plenty of heat in the luxury end of the market".

Queensland (Qld)Gold Coast

Design

Owner occupancy on the rise as apartment design changes

Owner occupancy in the central coast strip between Surfers Paradise and Mermaid Beach is set to trend upwards over the coming years, with the introduction of a new generation of apartments suited to permanent residents.

Pages

News Roundup

http://www.theaustralian.com.au/subscribe/news/1/index.html?sourceCode=TAWEB_WRE170_a_GGL&mode=premium&dest=http%3A//www.theaustralian.com.au/business/dataroom/mcgrath-ipo-priced-at-between-180-and-225/story-fnjw8txa-1227590656704&memtype=anonymous

McGrath IPO priced at between $1.80 and $2.25

McGrath Estate Agents is selling shares in its float at between $1.80 and $2.25 each, creating a real estate chain with a market value of between $254 million and $295.7m. The pricing equates to between 12 and 14 times its forecasted net profit.

The Australian

http://www.afr.com/real-estate/rental-yields-hit-house-price-growth-20151101-gkob7l

Rental yields hit house price growth

House prices grew more slowly in October as higher borrowing costs and record-low yields stemmed investors' enthusiasm. The combined capital growth of 10.1 per cent from a year earlier was down on September's 11 per cent and reflected a slower pace of gain in both Sydney and Melbourne, CoreLogic RP Data figures for October show.

The Australian Financial Review

http://www.news.com.au/national/breaking-news/banks-put-on-notice-by-younger-aussies/story-e6frfku9-1227590699470

Banks beware

Banks beware - one in four of your customers is prepared to switch to your competitors to get a better deal. The figure grows to 40 per cent among Australians aged between 20 and 34, according to a survey commissioned by the Customer Owned Banking Association released on Monday.

news.com.au

http://www.nytimes.com/2015/11/01/realestate/staging-your-home-for-sale.html?ref=realestate

Staging your home for sale

“Once it’s on the market, it’s really no longer your home,” said Donna Dazzo, the president of Designed to Appeal, a staging company. “You have to envision it as a product.” A staged home could fetch a substantially higher price than one that is loaded with personal effects. Remove as much clutter as possible.

The New York Times

http://www.businessspectator.com.au/article/2015/11/3/media-and-digital/banking-mass-digital-migration

Banking on mass digital migration

REA Group’s takeover of iProperty Group offers the property portal a chance to relive its stellar success in Australia all over again in South East Asia. The deal, which values the target at $751 million, comes at a time when online still represents only between 2 per cent and 15 per cent of the total real estate advertising spend in iProperty’s markets.

Business Spectator

https://au.news.yahoo.com/thewest/wa/a/29964289/perth-house-prices-hit-by-record-fall/

Perth house prices hit by record fall

Real Estate Institute of WA figures show Perth’s median house price fell from $545,000 in June to $522,133 last month — almost $2000 a week. The fall is the biggest quarterly drop on REIWA’s 21 years of median house price records, beating discounts after the 2006 property boom.

The West Australian

https://au.finance.yahoo.com/news/sydney-now-on-global-housing-bubble-risk-list-074406072.html

Sydney placed on global housing bubble risk list

Sydney property prices are "significantly overvalued" and at risk of being in a bubble, according to UBS' Global Real Estate Bubble Index. The U.K. capital is now the second-least affordable of the 15 urban centers studied by UBS, trailing only Hong Kong, the report said.

Yahoo News

http://www.theaustralian.com.au/news/investigations/the-house-of-salim-mehajer-rising-from-the-ashes/story-fny1e5sj-1227588924507

The house of Salim Mehajer: rising from the ashes

While his father’s interests had been relatively modest — a handful of walk-up apartment blocks, individual homes and one key apartment complex on Lidcombe’s prominent John Street — now the son has in the pipeline four major complexes, spanning several city blocks and housing more than 600 apartments.

The Australian