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John McGrath – Pandemic creates prestige property boost

Prestige property has been a major beneficiary of the COVID-induced market and is expected to continue throughout 2021 according to John McGrath, founder and executive director of McGrath Estate Agents.

Tasmania (Tas.)Hobart

People

Tasmanian agency changes approach to real estate

A Tasmanian LJ Hooker agency has launched its innovative real estate model that will recalibrate the local industry; and expand and re-establish the brand’s presence across Greater Hobart. LJ Hooker Pinnacle Managing Director Penny Higgs said the hybrid model was a new concept in the sector designed for the modern digital real estate environment.

New South Wales (NSW)Sydney

Featured Property

Bondi penthouse like a “permanent vacation” - The Agency

Delivering the “very best” of Sydney’s most famous beach, this 4-bedroom penthouse is for sale by Ben Collier of The Agency.

Queensland (Qld)Brisbane

Featured Property

Place sells Hendra’s ‘Caulfield House’ for new suburb record of $3.65m

The home was sold by Patrick McKinnon of Place Ascot, with buyer Caitlin describing the purchase as “totally unplanned and serendipitous”.

New South Wales (NSW)Sydney

Featured Property

Heritage garden residence by Sydney Harbour - The Agency

This historic apartment features private garden, attached self-contained studio, and an absolute waterfront address. For sale by Dino Gatti of The Agency.

Victoria (Vic.)Melbourne

Featured Property

One of Malvern East’s last 19th century homes sold by Kay & Burton

Sold by Adam Cashmore and Sophie Su of Kay & Burton, who told WILLIAMS MEDIA the home was very popular, despite a main road position.

Victoria (Vic.)Melbourne Brighton

Featured Property

The ‘ultimate’ Brighton lifestyle domain sold by Kay & Burton

Sold by Sam Taylor, Eleisha Doherty and Dominic Storey of Kay & Burton, who told WILLIAMS MEDIA,“The Bayside market is incredibly buoyant at the moment."

National

Markets

The Agency, Australian Turf Club’s official real estate agent and sponsor partner

The Australian Turf Club (ATC) welcomes the appointment of The Agency as official commercial and residential real estate agency partner across its five venues being Royal Randwick, Rosehill Gardens, Warwick Farm, Canterbury Park and Rosehill Bowling Club.

Victoria (Vic.)Melbourne

Featured Property

Grand Victorian updated with modern flair - The Agency

Designed for both relaxed living and lavish entertaining, this refined terrace is immediately ready for its next family. For sale by Emily Adams and Michael Paproth of The Agency

National

The Economy

Show will go on for Australian real estate as Facebook removes posts - REIA

REIA President, Adrian Kelly said we are confident real estate marketing will continue to reach its customers.

Pages

News Roundup

https://www.smartpropertyinvestment.com.au/advice/16522-solar-installation-a-serious-fire-risk-expert-warns?utm_source=SmartPropertyInvestment&utm_campaign=15_08_17&utm_medium=email&utm_content=2

Solar installation a serious fire risk, expert warns

The incidence of solar panel fires could become more frequent as solar power increases in popularity and owners corporations put price ahead of quality.

Smart Property Investment

http://www.afr.com/real-estate/residential/chinese-property-agents-report-sharp-drop-in-demand-for-australia-20170814-gxvr5j

Chinese property agents report sharp drop in demand for Australia

Chinese real estate agents are reporting a sharp drop-off in Australian sales over the past six weeks as new property taxes take effect, and Beijing's tighter capital controls crimp demand.

The Australian Financial Review

http://www.abc.net.au/news/2017-08-14/housing-wealth-uncertain-mortgage-debt-is-real/8803116

Housing wealth is uncertain, but mortgage debt is very real

Ian Narev, head of the CBA, is warned this week that a large part of your wealth can evaporate quickly if property prices fall, but your debts will remain the same.

ABC

http://www.afr.com/real-estate/bigger-is-better-as-retail-landlords-face-disruption-sp-20170814-gxvn5y

Bigger is better as retail landlords face disruption: S&P

Retail landlords with larger fortress-style malls will fare better as the retail sector faces the challenge of online shopping, says S&P Global Ratings.

The Australian Financial Review

http://www.afr.com/real-estate/residential/chinese-retreat-from-australian-property-market-20170813-gxv6t3

Chinese retreat from Australian property market

Chinese buyers, who make up about 80% of foreign property purchases in Australia, have grown wary after being hit by Beijing's tightened capital controls, local bank restrictions, and growing fears of an over-supply of capital city apartments.

The Australian Financial Review

http://www.weeklytimesnow.com.au/real-estate/street-art-is-driving-up-home-values-in-edgy-inner-city-suburbs/news-story/530e25927ecde46350f046df61af40f1

Street art is driving up home values in edgy inner city suburbs

Graffiti used to be considered the sign of a rundown suburb — now it’s pushing up home values.

The Weekly Times

http://www.afr.com/real-estate/first-home-buyers-lose-apartments-in-centenary-park-imbroglio-20170625-gwybpx

First home buyers lose apartments in Centenary Park imbroglio

The off-the-plan apartments bought by eighty buyers between four and seven years ago have not been built, and the developer has rescinded the contracts.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/lifes-a-beach-for-bars-says-justin-hemmes/news-story/43d5370e9087b5d14c8dbc9cc591b8ca

Life’s a beach for bars, says Justin Hemmes

Sydney bar king Justin Hemmes has snapped up northern beaches watering hole, The Collaroy, in a play worth $21m.

The Australian