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Historical house bought virtually: Market Wrap

From an historical house bought via video, a record-breaking off-the-plan sale, a purchase of a TV setting, a swimming star's record sale and a first home buyer, agents from South Australia Sotheby's International Realty, The Agency, Ray White and McGrath Estate Agents have been busy.

National

The Economy

John McGrath – What’s keeping property prices stable?

John McGrath, founder and executive director of McGrath Estate Agents highlights the pandemic property trends.

Victoria (Vic.)Melbourne

Featured Property

Renovated 1930s Toorak maisonette for sale - RT Edgar

1 Kyeamba Grove Toorak for sale by Jeremy Fox and Will Hocking of RT Edgar delivers private, light-filled living with stunning garden surrounds.

International

Featured Property

One of New Zealand's foremost hunting estates is on the market

Offered for the first time in 20 years, the internationally renowned high country hunting property Manuka Point for sale by Mike Freeman and Debbi Freeman of Ray White Next Step Realty.

New South Wales (NSW)Sydney

Featured Property

Cutting edge Woollahra residence on the market

Designed by architect John Grove, the family home offers sustainable style in a premier location. For sale by Ben Collier of The Agency.

Victoria (Vic.)Melbourne

People

Jolson Architecture and Interiors: curating carefully considered spaces

“The experience of a space is not limited to the form of a building or its exterior shape,” Jolson Director, Stephen Jolson.

Queensland (Qld)Brisbane

Featured Property

Raby Bay waterfront mansion sold for $8.5m

A landmark home in an equally distinguished location has been sold by Joseph Lordi and Pamela Neilson of McGrath.

Victoria (Vic.)Melbourne

Featured Property

Restored Bayside Victorian sold via virtual inspection

Offering multigenerational potential and panoramic water views, the Port Melbourne family home was sold by Melissa Grinter and Alex Schiavo of Kay & Burton.

Queensland (Qld)Brisbane

Featured Property

Newstead apartment snapped up for $4.4m after 1 inspection

Sold by Brett Greensill and Andrea Crossan of McGrath New Farm, who told WILLIAMS MEDIA, “We’ve had very strong interest in luxury riverfront apartments in 2020 with a very tightly held market.”

Victoria (Vic.)Melbourne

Featured Property

Prized Beaumaris home sold after inspection hours before Stage 4 lockdown

Sold by Tracy Tian Belcher and Sam Taylor of Kay & Burton, who told WILLIAMS MEDIA, "Buyers are still keen to purchase spacious, good quality homes."

Pages

News Roundup

http://www.abc.net.au/news/2017-05-29/janda-sink-housing-market-and-drown-property-investors/8568238?smid=abcnews-Twitter_Organic&WT.tsrc=Twitter_Organic&sf82828133=1

What will sink the housing market and drown property investors?

We are as close as we've ever been to a consensus that Australia has a property bubble, but that's where the agreement ends.

ABC

https://www.domain.com.au/news/nraslike-subsidy-needed-to-boost-investment-in-affordable-housing-experts-say-20170519-gw8yuq/

NRAS-like subsidy needed to boost investment in affordable housing

Budget incentives to encourage investment in affordable housing will do little to help overcome the shortage unless they are paired with a direct subsidy, say experts.

Domain

https://www.therealestateconversation.com.au/Architects%20play%20with%20materials%20and%20light%20amid%20building%20boom

Architects play with materials and light amid building boom

Architects are taking the opportunity to experiment with creative uses of materials, different approaches to light, and new technologies, focussing on healthy, liveable spaces in a backlash against mainstream apartment buildings.

The Australian

http://www.afr.com/news/policy/foreign-affairs/china-eyes-new-sydney-airport-as-part-of-belt-and-road-plan-20170526-gweb65

China eyes new Sydney airport as part of 'belt and road' plan

China is eyeing Sydney's new airport as a potential project that could be linked to its trillion dollar "One Belt, One Road" infrastructure plan, according to a government-linked think tank.

The Australian Financial Review

http://www.afr.com/real-estate/hedge-funds-squeezed-by-worlds-highest-rents-are-moving-out-20170526-gwe44t

Hedge funds squeezed by world's highest rents are moving out

Soaring Hong Kong office rents and a relentless pressure on hedge fund fees are prompting managers to choose between a fancy address and profits.

The Australian Financial Review

https://www.smartpropertyinvestment.com.au/opinion/16050-how-to-identify-a-hotspot-before-everyone-else?utm_source=SmartPropertyInvestment&utm_campaign=26_05_17&utm_medium=email&utm_content=1

How to identify a hotspot before everyone else

If you want to be a successful investor, you need to know how to identify a hotspot before the rest of the herd.

Smart Property Investment

http://www.atimes.com/article/no-foreigners-mate-australia-balks-chinese-home-buying/

No foreigners, mate: Australia balks at Chinese home-buying

A new survey shows a majority of Sydney residents are opposed to foreign property ownership after a surge in Chinese purchases and skyrocketing prices.

Asia Times

https://www.dezeen.com/2017/05/26/seven-pioneering-social-housing-projects-riba-exhibition-book-paul-karakusevic/

Seven pioneering social housing projects selected by Paul Karakusevic

Architect Paul Karakusevic has selected seven residential developments he thinks are particularly innovative.

Dezeen