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Ray White Queensland logs on to celebrate 2020 winners

More than 1200 Ray White Queensland members logged online for this year’s annual awards which looked a little different this year.

National

Politics

First home buyers get support from peak real estate body

"We seek expansion of the First Home Loan Deposit Scheme to include all first home buyers" said REIA's president Adrian Kelly.

New South Wales (NSW)

People

Ray White heads west to the village of Kyogle

The team at Ray White Rural in Casino, headed by Andrew Summerville, has now expanded to open a second business in nearby Kyogle.

Victoria (Vic.)

The Economy

The reason why auction data is so important

Gil King, CEO of REIV explains the necessity of auctions.

Victoria (Vic.)

People

Election of REIV directors for 2020

Members of the REIV have chosen new Directors to serve on the Board from 1 October 2020.

National

The Economy

What Spring selling season will look like under COVID-19

Eliza Owen of CoreLogic highlights the activity and patterns of real estate activity in the lead up to the industry's busiest time of year.

Tasmania (Tas.)Hobart

Featured Property

Award-winning boutique Hobart Hotel in Regency mansion The Islington for sale - Colliers

For sale by Karen Wales and Guy Wells of Colliers International, who told WILLIAMS MEDIA, “The Islington is a multi-award winning curated hotel which boasts an impressive art collection collected over 30 years.”

National

The Economy

Build-to-rent scheme proponent calls for greater tax incentives

Damian Graham of First State Super is calling for greater tax incentives at a Federal and State Government level to make investments in build-to-rent schemes more viable in Australia.

Queensland (Qld)Gold Coast

Featured Property

Four levels of Gold Coast luxury, ideal for a seachange

This entertainer’s home is steps from the beach and close to the Cavill Avenue precinct. For sale by Jordan Williams of JW Prestige Agents.

National

The Economy

What COVID-19 induced recession?

We've been told we are in recession but recent figures from SQM Research show the last 12 months for the most part has been great for house and unit prices.

Pages

News Roundup

http://www.afr.com/real-estate/this-sydney-car-space-is-on-sale-for-400000-is-it-australias-most-expensive-20170521-gw9y25

This Sydney car space is on sale for $400,000.

The tandem spot, part of the Mantra 2 Bond Street complex, is just a short stroll from the ASX, The Rocks, and the Sydney Opera House.

The Australian Financial Review

http://www.afr.com/business/banking-and-finance/interestonly-loans-could-be-australias-subprime-20170519-gw939m

Interest-only loans could be 'Australia's sub-prime'

High-risk mortgage loans to young families, professionals, and other over-extended borrowers amounting to more than six times household incomes could wipe out 20% per cent of the major banks' equity base, institutional investment fund JCP Investment Partners has warned.

The Australian Financial Review

http://www.smh.com.au/business/property/us-hedge-fund-financing-australian-apartment-building-20170515-gw5cvg.html

US hedge fund financing Australian apartment building

Family-run property developer Salta Group tapped into US hedge fund money in "one line" to build its recent Park House project.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod?et_cid=29078562&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/landlords-face-loss-of-950-a-year-in-deductions-on-typical-renovation-20170518-gw7jod&Email_name=MW5-05-19&Day_Sent=19052017

Landlords face loss of $950 a year in deductions on typical renovation

The ATO is claiming landlords have inflated deductions as much as 1000 per cent.

The Australian Financial Review

https://www.domain.com.au/news/why-young-sydneysiders-are-starting-businesses-rather-than-trying-to-buy-homes-20170520-gw8pso/

Why young Sydneysiders are starting businesses rather than trying to buy homes

A growing number of millennials have turned to entrepreneurship in a shaky job market, but against the backdrop of rocketing house prices, many see business and property as a fork in the financial road.

Domain

http://www.afr.com/real-estate/gst-on-new-housing-changes-put-tax-office-first-in-line-if-developer-fails-20170512-gw38t0

GST on new housing: Changes put ATO first in line if developer fails

Changes to the way GST must be paid on new housing from July 1 next year means the ATO will rank above all other creditors if the developer runs into financial trouble.

The Australian Financial Review

http://www.economist.com/news/americas/21722249-american-protectionism-not-only-threat-economy-end-canadas-housing-boom?fsrc=scn/tw/te/bl/ed/bubblebaththeendofcanadashousingboom

The end of Canada’s housing boom?

“It’s time to remind folks that prices of houses can go down as well as up,” says Stephen Poloz, the governor of the Bank of Canada.

The Economist

http://www.afr.com/business/banking-and-finance/investment-banking/retirees-are-riskier-investors-than-millennials-says-asx-report-20170518-gw7uov

Retirees are riskier investors than millennials, says ASX report

Millennials aren't just eating smashed avo and not saving for homes, they're getting into the sharemarket in greater numbers and are more risk averse than their parents and grandparents.

The Australian Financial Review