The Real Estate Conversation

Contact

Mortgage Choice data shows fixed rate demand lowest in eight years

June approval data revealed that variable rate demand was highest in Victoria, where 86% of borrowers opted for this type of product. This was followed by South Australia (82%), Western Australia (79%), Queensland (77%) and NSW (76%).

The Economy

Chinese buyers interest remains strong but is seeing change

Crown Group Director of Sales Prisca Edwards shares her insights on the Sydney housing market and changing Chinese buyer habits.

Victoria (Vic.)Melbourne

Featured Property

Designer’s own home, featured on 9LIFE’s ‘Luxury Homes Revealed’

'Beechwood' is a modern farmhouse offering exclusive coastal living within footsteps of Mt Martha’s village and beach. For sale by Trent Cameron and Alex Corradi of Warlimont and Nutt Real Estate Mount Martha.

National

The Economy

House price expectations become positive, yet housing affordability remains a big issue

Respondents across NSW, VIC, QLD are predicting prices to go up, and more people in NT, TAS, NSW, and VIC are predicting prices will no longer fall, according to ME Quarterly Property Sentiment Report.

National Queensland (Qld)

People

Rugby star lists Brisbane home

Celebrity couple Quade Cooper and Laura Dundovi have put their property back on the market through Michael Bacon and Simon Caulfield of Place Kangaroo Point.

National

People

PRD continues NSW expansion

PRD new offices in NSW include Tuggerah, Morisset, Macquarie Park, and Lismore. In addition, there are another three new offices at advanced stages of signing new franchise agreements.

Victoria (Vic.)Melbourne

Featured Property

Retreat-inspired living with 18th hole prestige

This Chirnside Park home delivers, whether you're an avid golfer or simply want to enjoy the tranquillity of acreage living without the upkeep. For sale by Sharyn de Vries and Evita Demis of Jellis Craig Ringwood.

National

The Economy

City auction markets log highest clearance rate in over a year

There were 901 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 70.6 per cent, according to CoreLogic.

National Victoria (Vic.)

The Economy

Median house price for Melbourne lowest since 2016, REIV

The Real Estate Institute of Victoria’s June 2019 quarterly data report shows middle Melbourne median house price is at $894,000, the lowest it’s been since the September 2016 quarter.

National

People

Real Estate Sleep Out 2019 returns

Now in its fourth year, the Real Estate Sleep Out is set to take place on Monday 19 August across three states.

Pages

News Roundup

http://www.realestatebusiness.com.au/breaking-news/10963-one-simple-tactic-that-can-help-make-a-hot-auction?utm_source=RealEstateBusiness&utm_campaign=30_07_16&utm_medium=email&utm_content=2

One simple tactic that can help make a hot auction

A Brisbane-based agent has sold a property for well above the suburb average after employing an extensive door-knocking campaign.

Real Estate Business

http://www.afr.com/real-estate/lenders-blacklist-nongenuine-savings-in-home-loan-crackdown-20160727-gqfd6j

Lenders blacklist 'non-genuine' savings in home loan crackdown

Gifts, inheritances and wage advances are among 'savings' being discreetly banned by lenders assessing property buyers' eligibility for mortgages.

The Australian Financial Review

http://www.dailytelegraph.com.au/business/australias-middle-class-shrinks-as-property-creates-great-divide/news-story/3bb5af104bac7cc435fc330586003fa8

Australia’s middle class shrinks as property creates great divide

Buoyed by rising real estate values, the income and wealth of the richest two million households is more than twice as high as the next two million households, according to research by social research group McCrindle.

The Daily Telegraph

http://probonoaustralia.com.au/news/2016/07/nsw-needs-100000-new-homes-beat-housing-stress/

NSW Needs 100,000 New Homes to Beat Housing Stress

NSW needs 100,000 new social and affordable houses over the next 20 years to prevent decade-long waiting lists blowing out even further, according to a report from the University of Sydney.

probonoaustralia.com.au

http://www.theaustralian.com.au/business/media/news-corp-launches-global-real-estate-network/news-story/bd65749f6d2308f0ef1e0553b50a9847

News Corp launches global real estate network

News Corp is launching a global real estate network by bringing together listings from REA Group and Move to deliver the world’s largest source of properties.

The Australian

http://www.news.com.au/finance/real-estate/buying/australias-buckingham-phallus-is-on-the-market/news-story/15343a60c3cf53e954aef1aac6cff617

Australia’s ‘Buckingham Phallus’ is on the market

Real estate agents say it’s “unique and very private”.

news.com.au

http://thenewdaily.com.au/money/property/2016/07/27/generation-selfish-housing/

‘Generation Selfish’ blamed for housing crisis

Mr Gunning’s claim that many young Australians are not entering the property market is borne out by recent data.

The New Daily

http://www.chinatopix.com/articles/96372/20160726/australias-real-estate-giant-ray-white-launches-china-teams-up.htm

Ray White Teams up With Lianjia to Enter China

Australia's biggest real estate group Ray White has expanded its services to China after teaming up with China's largest real estate company, Lianjia (or Homelink).

China Topix