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Richard Simpson elected new REIV President

The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson as its President, through to October 2022.

Victoria (Vic.)

The Economy

Geelong tops the list for pandemic driven population growth - Ray White

The latest data on population growth by small area from the Australian Bureau of Statistics (ABS) now provides us with deeper insight into the areas that attracted the most people since the first lockdown in March 2020.

Western Australia (WA)Perth

The Economy

Perth home values increase again in April - REIWA

April was another strong month for the Perth property market, with CoreLogic data showing the Perth home value index increased 1.1 per cent during the month.

The Economy

National Home Value Index Released - CoreLogic

CoreLogic’s Home Value Index continues to lose steam as the case for higher interest rates mount.

National

People

Propic acquires Property Realm to create world’s most intelligent AI platform in real estate

Australian real estate PropTech innovator, Propic, today announces its acquisition of Property Realm in a move it says will “unapologetically disrupt” the real estate industry by automating up to 80% of property manager’s maintenance tasks and inbound inquiries with human conversation-style Artificial intelligence (AI) capabilities.

National

The Economy

John McGrath – How to find the best investment property

John McGrath Chief Executive Officer of McGrath Estate Agents shares his tips on how to find the right investment property.

National

The Economy

REIA welcome opposition housing announcement to address housing crisis

Real Estate Institute of Australia (REIA) has welcomed the suite of housing policies announced today by the Leader of the Opposition and the Shadow Minister for Housing in their pitch to Australian households. REIA President, Mr Hayden Groves said they welcomed the ‘Help to Buy’ but also the ‘Help to Supply’ announcement.

Queensland (Qld)Gold Coast

Featured Property

Northcliffe absolute beachfront Gold Coast penthouse for sale - Amir Prestige Group

This Northcliffe Residences Surfers Paradise penthouse for sale by Veronika Princeton-Hall and Amir Mian Principal of Amir Prestige Group offers a bespoke, beachside luxury lifestyle, with private rooftop terrace.

Queensland (Qld)Brisbane

Featured Property

Palatial 1-hectare Robertson estate for sale - Place

The grand mansion in Robertson QLD for sale by Patrick McKinnon and Drew Davies of Place Ascot offers security, seclusion and a refined palate.

Victoria (Vic.)Melbourne

Corporate Furnishings creates interior styling with broad appeal

Kay & Burton Concierge partner, Corporate Furnishings delivers design solutions for a range of clients from executive and corporate leasing, to private residences, investment properties, serviced apartments, and hotels.

Pages

News Roundup

https://www.theage.com.au/politics/victoria/hundreds-of-properties-have-land-15-metres-beneath-them-acquired-for-tollway-20180530-p4zigm.html

Hundreds of properties have land 15 metres beneath them acquired for tollway

Land beneath hundreds of homes and businesses in Yarraville has been acquired so a toll road can be built in Melbourne's inner west.

The Age

https://www.afr.com/real-estate/residential/qld/gold-coast-developers-cut-smaller-blocks-as-lot-prices-surge-26pc-20180604-h10xqd

Gold Coast developers cut smaller blocks as lot prices surge 26pc

Land developers in south-east Queensland are cutting up their sites into smaller and smaller lots to keep rampant price growth in check, new figures show.

The Australian Financial Review

https://www.smh.com.au/national/nsw/ugly-ducklings-or-swans-debate-rages-over-multi-storey-developments-20180601-p4ziz1.html

Ugly ducklings or swans? Debate rages over multi-storey developments

The developer promises a “vibrant, integrated community atmosphere” at the soon to emerge South Village on the Princes Highway at Kirrawee.

Sydney Morning Herald

https://www.brisbanetimes.com.au/brisbane-news/brisbane-millionaire-gets-approval-to-build-a-helipad-at-his-home-20180601-p4ziwx.html

Brisbane millionaire gets approval to build a helipad at his home

The owner of a multimillion-dollar mega-mansion in Brisbane's south has been given the green light to have a helipad built in his backyard.

Brisbane Times

https://www.theage.com.au/politics/victoria/sunlight-fight-city-council-asks-minister-to-stop-park-overshadowing-20180601-p4zixh.html

Sunlight fight: City council asks minister to stop park overshadowing

A number of popular inner-Melbourne parks could be cast into shadow by high-rise development unless the state government changes laws guaranteeing access to sunlight for most of the day.

The Age

https://www.afr.com/real-estate/buildtorent-an-affordable-housing-option-for-victorian-govt-20180601-h10v46

Build-to-rent an affordable housing option for Victorian govt

Victoria's state Labor government is backing the emergence of a build-to-rent sector as a response to the need for affordable housing rather than as a commercial asset class in its own right.

The Australian Financial Review

https://www.brisbanetimes.com.au/national/queensland/brisbane-council-purchases-90-hectares-of-land-for-preservation-20180601-p4ziuw.html

Brisbane council purchases 90 hectares of land for preservation

Brisbane City Council has purchased a further 90 hectares of bush land from private owners as part of its bush land acquisition plan, including 16 hectares from an owner who did not want to sell their land.

Brisbane Times

https://www.theage.com.au/world/north-america/in-vancouver-a-housing-frenzy-that-even-homeowners-want-to-rein-in-20180603-p4zj62.html

In Vancouver, a housing frenzy that even homeowners want to rein in

Between multimillion-dollar teardowns, blocks full of backyard cottages and towering condominiums that are sold and resold several times before they are even built, there is no shortage of anecdotes about this city's housing frenzy.

The Age