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Di Jones Woollahra agent draws on Bollywood and acting background for novice auctioneering win

Emma Brown-Garrett, a sales agent with Di Jones Woollahra, has secured a place in the state final of the REINSW Novice Auctioneers Competition.

International

People

US Secretary of State Rex Tillerson lists Texas holiday home for sale

The former ExxonMobil CEO has listed his Horseshoe Bay, Spanish-style beach house for US$3,975,000 (AU$5 million).

Victoria (Vic.)Melbourne Brighton

Featured Property

Imaginative Brighton East home by SAAJ Design with lush gardens and leafy golf-course views

This innovative home owned and designed by architect / industrial designer team, SAAJ Design, is for sale by Justin Follett and Marcus Heron of Follett & Co, and has a price guide of between $2.4 million to $2.64 million.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Why is Melbourne's property market outpacing Sydney's?

Affordability, higher investor interest rates, and migration patterns favour the southern city.

South Australia (SA)

People

Bronte Manuel: South Australia's three-time auctioneering winner

Toop&Toop took home the main prizes at the 2017 Real Estate Institute of South Australia’s Auctioneering Championship, with Bronte Manuel winning top auctioneer for the third year running, and his colleague, Kirk Fernandez, winning novice of the year.

New South Wales (NSW)Sydney

People

Get to know David Tran of Laing+Simmons Liverpool

David Tran is the principal of Laing+Simmons's first 'partership' office, in which the company takes an ownership position in the business.

Victoria (Vic.)Melbourne Fitzroy

Featured Property

Historic neo-Renaissance Fitzroy landmark for sale

A grand Italianate mansion, opposite the Exhibition Building in Melbourne's exclusive Carlton Gardens, is for sale by Arch Staver and David Sanguinedo of Nelson Alexander Fitzroy.

Victoria (Vic.)Melbourne

The Economy

Is $40 Million a new benchmark for Melbourne high end residential?

New record set for residential property in Melbourne with the previous recorded at over $26 Million in Toorak for Besen House.

National New South Wales (NSW)Sydney Queensland (Qld)Brisbane Victoria (Vic.)Melbourne

The Economy

Auction market cooling, but still hot when the right property comes along

Clearance rates are down, but when the right property comes along, the demand is still there.

New South Wales (NSW)Sydney

The Economy

Flood of new rental properties drives inner-Sydney vacancy rate to two-year high

The flow of new rental properties into the inner-Sydney market saw vacancy rates hit a two-year high in June.

Pages

News Roundup

http://www.theaustralian.com.au/business/historic-debt-level-sparks-fears-of-what-may-happen-in-new-gfc/story-e6frg8zx-1227263826846

Historic debt level sparks fears

Household debt is higher in Australia than anywhere else in the advanced world, exposing the economy to risks in the event of another financial crisis.

The Australian

http://www.businessinsider.com.au/a-developer-paid-nearly-double-the-reserve-for-an-ordinary-suburban-house-in-sydneys-insane-property-market-2015-3

Gladesville home sells for $1.1M above reserve

A developer paid nearly double the reserve for an ordinary suburban house in Sydney's insane property market. 1 Stansell Street, Gladesville sold for $2.85 million – a staggering $1.1 million above the reserve.

Business Insider Australia

http://www.architectureanddesign.com.au/news/elenberg-fraser-s-211m-skyscraper-approved-for-mel

211m skyscraper approved for Melbourne CBD

Elenberg Fraser’s 380 Lonsdale Street twin towers, located on the northern end of Lonsdale Street, have been approved by Victoria’s new Planning Minister Richard Wynne, making it his first skyscraper approval for Melbourne since Labor came into power last November.

Architecture & Design

http://www.dailymail.co.uk/news/article-2993336/Will-Gen-Y-home-Australia-s-agents-forecast-tough-times-ahead-two-young-couples-share-struggle-enter-property-market.html

Will Gen Y ever own their own home?

As thousands of young Australians look to buy their first home, it may be Generation Y that suffers the most as skyrocketing property prices preventing them from entering the market. A survey of real estate agents around the country revealed that 60% believe the Australian dream of owning your home is becoming less obtainable, and young Australians could be forced to rent long-term as residential property prices jumped an average of 6.8% in the last 12 months.

Daily Mail

http://www.businessinsider.com.au/mark-zuckerbergs-real-estate-lawsuit-2015-3

Facebook creator in legal battle over property

Facebook creator Mark Zuckerberg is in the midst of an increasingly revealing legal battle regarding a home purchase he made in 2013. Zuckerberg reportedly scooped up the four houses adjacent to his Palo Alto home when he heard that developer Mircea Voskerician planned to build a large, 9,600-square-foot house on one of the lots behind his property. Voskericia now claims that the billionaire never followed through on an agreement the two had made in secret.

Business Insider

http://www.architectureanddesign.com.au/news/nsw-election-2015-gbca-urges-all-political-parties

GBCA pushes sustainability agenda in NSW

The Green Building Council of Australia has urged all political parties in New South Wales to ‘seize the sustainability agenda’ ahead of the polls. The state is second only to Victoria in terms of Green Star ratings.

Architecture & Design

http://www.rebonline.com.au/breaking-news/8787-federal-court-to-rule-on-1-real-estate-strategy?utm_source=Real%20Estate%20Business&utm_campaign=Real_Estate_Business_Bulletin16_03_2015&utm_medium=email

Federal Court to rule on $1 real estate strategy

Federal Court proceedings have been instituted against a property company that has allegedly told consumers it can buy houses for $1. The Australian Competition and Consumer Commission alleges We Buy Houses and Rick Otton have contravened Australian Consumer Law.

REB

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11417071

Auckland's real estate fail

Auckland recorded the strongest growth in house prices, nearly twice the national average, but is third from bottom of the class in per capita GDP growth over those seven years.

New Zealand Herald