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Perth hits rental crisis as vacancy rate plummets below one per cent - REIWA

REIWA President Damian Collins said the vacancy rate is tracking to potentially reach the lowest we have seen which was 0.8 per cent in March 2007.

National

The Economy

As state borders open we need to remain vigilant: REIA

While no incidences of COVID-19 have occurred in the real estate industry, REIA president Adrian Kelly states we need to continue safe practices.

Western Australia (WA)

Featured Property

Historic WA deceased estate hotel for sale through Ray White

Freehold interest on this 120 year old hotel and two retail shops for sale through Phil Zoiti of Ray White Commercial (WA).

Western Australia (WA)

Construction

Featured Property

Historic Pilbara town for sale - LJH

Western Australia’s Government seeking proposals for a deserted Pilbara township for sale by Vincent Siciliano and Anna Guillesser of LJ Hooker.

New South Wales (NSW)

Featured Property

Fine rural living in Berrima for sale: The Agency

Tucked away in the lush green landscape of Berrima, this home is for sale through Ben Olofsen and Cameron McKillop at The Agency.

National

The Economy

Melbourne records highest rental vacancy rate in September

During September the national rental vacancy rate across Australia was 2 per cent, according to SQM Research.

National

The Economy

Sales of new homes increase since same time last year

“The full impact of HomeBuilder is now evident in the HIA’s New Home Sales Report with sales now 11.8 per cent higher in the seven months since restrictions came into effect than at the same time last year,” commented HIA Chief Economist, Tim Reardon.

New South Wales (NSW)Sydney

Featured Property

4-acre Terrigal with ocean views for sale - Sotheby’s

Yattarna 354 Scenic Highway Terrigal for sale by Annette Pinkerton, David Medina and James McCowan of NSW Sotheby’s International Realty offers resort-style living with Pacific panoramas.

National

The Economy

Properties selling above reserve expectations: Market Wrap

Auction volumes increase in Melbourne and properties sell above reserve prices across Australia, breaking records.

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

The Economy

John McGrath – Spring market confidence defies pandemic

We are seeing renewed confidence in the market this Spring, with consistently healthy national weekend clearance rates of 60-65%, more new listings coming online, higher sales volumes compared to Spring last year and price growth in six out of eight capital cities in September, says McGrath Estate Agents founder and executive director John McGrath.

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News Roundup

http://www.afr.com/real-estate/fighting-bad-design-nsw-regulator-fines-architect-20000-over-apartments-20170628-gx0ak1

Fighting bad design

The NSW architectural regulator has fined a western Sydney architect almost $20,000 and barred him from practising for five years in the first step of a battle against substandard apartment buildings.

The Australian Financial Review

https://www.domain.com.au/news/a-lost-art-in-the-arctic-how-to-make-an-igloo-20170628-gwzyx4/

How to make an igloo

Igloo building is a dying art.

Domain

http://www.afr.com/real-estate/massive-apartment-oversupply-will-hit-values-john-holland-20170626-gwz4lu

'Massive' apartment oversupply will hit values: John Holland

The CEO of the construction group, Joe Barr, says there is an oversupply of apartments in some areas but the rollout of infrastructure will assist in managing that supply.

The Australian Financial Review

http://www.afr.com/real-estate/census-2016-highrise-apartments-grow-but-houses-dominate-20170627-gwzn70?&utm_source=social&utm_medium=twitter&utm_campaign=nc&eid=socialn%3Atwi-14omn0055-optim-nnn%3Anonpaid-27/06/2014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_twitter

High-rise apartments grow but houses dominate

In 2016, Sydney had 276,000 tall tower apartments, up from 155,000 in 2011. Between 2006 and 2011, the number grew 27% but between 2006 and 2011, growth was only 1.59%.

The Australian Financial Review

https://sourceable.net/are-governments-helping-or-hindering-affordable-housing-delivery/

Are Governments Helping or Hindering Affordable Housing Delivery?

It's easier to get approval to build single detached dwellings than low rise multi-residential dwellings.

Sourcable

https://www.domain.com.au/news/reserve-bank-could-raise-interest-rates-eight-times-in-two-years-according-to-exboard-member-john-edwards-20170628-gx0bh5/

RBA could raise rates eight times in two years: ex-board member John Edwards

The RBA is probably already considering lifting rates given its forecasts for inflation returning to target, economic growth to accelerate to 3%, and a stronger global backdrop.

Domain

https://www.domain.com.au/advice/the-invisible-mirror-cabin-that-can-be-assembled-in-just-eight-hours-20170627-gwyhf0/

‘Invisible’ mirror cabin that can be assembled in eight hours

This prefabricated mirror cabin is designed by Brick & Wonder for OOD in Estonia.

Domain

http://www.smh.com.au/comment/federal-government-must-step-in-to-protect-against-predatory-retirement-villages-20170625-gwycv0.html

Federal government must step in to protect against predatory retirement villages

We are right to spend a lot of time thinking about the kinds of homes younger Australians can afford – but we barely spend any time thinking about where older people live.

The Sydney Morning Herald