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National

The Economy

Financial comfort at record high despite pandemic

ME Bank's Household Financial Comfort Report has unearthed some surprising results in the middle of tumultous times.

National

Politics

Build-to-rent sector boost welcomed by industry heads

Moves by the NSW Government to boost the housing industry is a welcome relief, says the property industry.

The Economy

Largest quarterly fall in 72 year history of CPI: REIA

The release of the June 2020 CPI figures confirms the impact of COVID-19 on the Australian economy, according to REIA president Adrian Kelly.

National

Design

Australian homes to become greener with new standard

Updated requirements for new homes to achieve Green Star certification are taking shape, according to the Green Building Council of Australia.

New South Wales (NSW)

The Economy

Lifestyle acreage snapped up for record price: REAL Specialists

Private sanctuary at Bilambil has been sold through Brent Hodge of REAL Specialists for $1.6 million, the highest level achieved in the suburb.

National

The Economy

Supply and demand for skilled building trades on track: HIA report

Skilled trades supply and demand are close to equilibrium, according to the HIA Trades Report for the June quarter.

Western Australia (WA)

The Economy

WA property markets no longer need emergency legislation: REIWA

REIWA president, Damian Collins calls on the Western Australian government to allow the emergency period to end in September.

Queensland (Qld)

People

Record price for newly built quality home in Wavell Heights, Brisbane by Place

Matthew Jabs of Place says the Wavell Heights property record price was not a surprise due to the quality of the home.

New South Wales (NSW)

The Economy

First home buyers and construction industry boosted as stamp duty slashed

Stamp duty will be eliminated on newly-built houses below $800,000 and slashed for properties up to $1million in NSW.

National

The Economy

Record breaking prices for properties over the weekend: Market Wrap

Records tumble as luxury end houses are sold above expectations, say agents from The Agency and McGrath.

Pages

News Roundup

https://www.domain.com.au/news/sydney-rents-rise-at-fastest-rate-since-2011-in-worrying-trend-20170420-gvo921/?utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn%3Atwi-13omn1677-edtrl-other%3Annn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o%26sa%3DD%26usg%3DALhdy28zsr6qiq

Sydney rents rise at fastest rate since 2011 in ‘worrying’ trend

It’s getting tougher for Sydney tenants, with rents rising at the fastest rate in five years in what experts say should be a “wake-up call” for the government.

Domain

http://mobile.abc.net.au/news/2017-04-21/relocating-powerhouse-museum-to-parramatta-absolute-madness/8462444?pfmredir=sm

Moving Powerhouse to Parramatta 'absolute madness'

Representatives of Sydney's museum community say selling and relocating the Powerhouse Museum from the CBD to the west will kill the cultural precinct.

The ABC

https://www.domain.com.au/news/whopping-78-sydney-suburbs-pass-2m-median-house-price-mark-20170422-gvokv1/

78 Sydney suburbs pass $2m median house price mark

In the past three months alone 26 suburbs have joined the ranks, including Kingsford, Malabar, and Darlinghurst.

Domain

https://mobile.nytimes.com/2017/04/21/realestate/what-social-work-taught-me-about-selling-real-estate.html?smid=tw-nytrealestate&smtyp=cur&_r=0&referer=

What Social Work Taught Me About Selling Real Estate

The skills that counsellors develop — how to listen, how to interpret, how to advocate and negotiate — couldn’t be better preparation for guiding clients through the thicket that is home-buying.

The New York Times

https://www.domain.com.au/news/canberra-public-service-decentralisation-risks-hurting-property-market-20170420-gvocch/

Canberra public service decentralisation risks hurting property market

The federal government’s push to decentralise the Australian Public Service could have major ramifications for Canberra’s housing market.

Domain

http://www.afr.com/real-estate/interestonly-loan-crackdown-wont-cool-housing-market-fundies-warn-20170419-gvnoeu

Interest-only loan crackdown won't cool housing market, fun dies warn

Australian regulators' efforts to control the housing market through a clampdown on interest-only loans could be futile, due to the size of the debt, economists and fund managers say.

The Australian Financial Review

http://www.theaustralian.com.au/business/economics/inflation-figures-contain-massive-flaw-for-potential-homebuyers-says-cba/news-story/34cf86f17a7ac8c56cb0bbe5fbc2b773

Inflation figures contain ‘massive flaw’ for potential homebuyers

Potential homebuyers are neglected by official inflation numbers because the figures ignore the recent surge in house prices.

The Australian

http://www.afr.com/real-estate/commercial/development/amazon-no-gamechanger-for-industrial-landlords-20170420-gvoidd

Amazon no gamechanger for industrial landlords

Industrial property giant Goodman Group is likely to be a beneficiary from Amazon's push into Australia, but the retailer's overall impact will be more muted.

The Australian Financial Review