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Noosa property headed for bull market into 2019: Adrian Reed, Dowling & Neylan Noosaville

With a solid number of good quality listings, and strong buyer demand, the Noosa real estate market is heading for a bull market, says Adrian Reed of Dowling & Neylan Real Estate Noosaville.

Victoria (Vic.)Melbourne

The Economy

Melbourne records 13.2% house price growth in 2017: REIV

Strong demand for premium real estate, and a reinvigorated first-home-buyer market drove Melbourne house prices 13.2 per cent higher in 2017, the fastest rate of growth since 2010.

New South Wales (NSW)Sydney

The Economy

Sydney vacancy rates treading water

Sydney's vacancy rate rose 0.1 percentage points to 2.2 per cent in December, according to new data from the REINSW.

Victoria (Vic.)

Featured Property

Art Deco fairy-tale amidst botanical gardens

Glenfyne Gardens is a stunning historical property and residence situated on 6 acres of botanical fairy-tale gardens. For sale by Janine Lum, Unique Estates Australia.

International

Design

Finding beauty in imperfection: 'wabi-sabi' - the hottest design trend of 2018

The good news is you can stop ironing your sheets in 2018. The hottest design trend is all about simplicity, modesty, and celebrating the imperfect.

National

Design

Yucca warning - popular plant can cause serious ear damage

Yucca plants, a staple in gardens around Australia for their hardiness, have come under fire from The Royal Victorian Eye and Ear Hospital after being involved in 28 cases of ear trauma in five years.

Queensland (Qld)Brisbane

People

Get to know Mitch Peereboom, bolstering Ray White's auction offering in Queensland

Mitch Peereboom, chief auctioneer with Ray White Queensland, tells SCHWARTZWILLIAMS the top end of the Brisbane market is doing well, particularly when agents can generate strong levels of competition for a property through the auction process.

Western Australia (WA)Perth

Featured Property

Swan River panorama designed by Giorgi

Riverview alfresco with picturesque vistas through huge windows framing Swan River views. The preservation of a gnarled native Peppermint tree in the central courtyard creates a sense of timelessness. For Sale by Vivien Yap of Ray White Claremont.

National

The Economy

First-home buyer share of market keeps rising: REIA

First-home buyers made up 18 per cent of total owner-occupier housing finance commitments in November, the highest percentage in over five years.

Queensland (Qld)

People

Barbara Wolveridge to head up Queensland Sotheby’s new Port Douglas office

The new Port Douglas office will be the fourth Queensland Sotheby's has opened in the last twelve months, and will be headed up by well-known local agent, Barbara Wolveridge.

Pages

News Roundup

http://www.afr.com/real-estate/residential/why-australian-housing-is-not-30-per-cent-undervalued-20150709-gi8gyr

Why Australian housing is not 30 per cent undervalued

"Just one year ago ... we found [Australian] houses were fairly valued," said Peter Tulip, a senior research manager at the Reserve Bank of Australia. (At the time I highlighted a critical flaw in this interpretation and showed how Dr Tulip's research actually pointed to bricks and mortar being 20 per cent to 30 per cent overvalued.)

The Australian Financial Review

http://www.abc.net.au/news/2015-07-09/chinese-property-investors-more-cautious-real-estate-agents-say/6608762

Chinese property investors in Australia more cautious amid share market crash

The Chinese share market rout is making Chinese investors more cautious and a small number will have to sell their properties in Australia because of share market losses, real estate agents say.

ABC News

http://www.dailytelegraph.com.au/newslocal/central-coast/central-coasts-property-boom-36-suburb-price-records-smashed-over-past-year/story-fngr8h0p-1227435572970

Central Coast’s property boom: 36 suburb price records smashed over past year

The Central Coast’s booming real estate market has soared to new heights with a massive 36 suburb price records smashed during the past 12 months. An Express Advocate analysis of the latest Core Logic RP Data figures has revealed that almost a third of the region’s suburbs have fetched new peak property prices.

Central Coast Express Advocate

http://www.afr.com/real-estate/commercial/chinas-sharemarket-turmoil-spills-into-australian-real-estate-20150708-gi7jgl

China's sharemarket turmoil spills into Australian real estate

The turmoil raises questions about the Chinese developers who have made major investments in Australian sites; about the Chinese retail investors who appear so keen to buy new apartments off the plan; about the nascent institutional buying of commercial property; and, through the broader economy, about the impact for property as a whole.

The Australian Financial Review

http://www.news.com.au/finance/real-estate/dont-buy-into-housing-bubble-bullst-says-property-tycoon-nathan-birch/story-fndban6l-1227433934754

$35 million property portfolio at 30

He's got a $35 million property portfolio at just 30, makes half a million dollars a year in rental income, and thinks talk of a housing bubble is “bulls**t”. His message for struggling first home buyers is simple: stop whingeing and do something about it.

news.com.au

http://nypost.com/2015/07/08/get-ready-for-a-bootylicious-beyonce-inspired-skyscraper/

Australia is building a skyscraper inspired by Beyoncé

Beyoncé has greatly influenced the music industry over the course of her celebrated career, but now, the pop songstress will make a different — and unexpected — kind of impact, this time in real estate development.

New York Post

http://www.straitstimes.com/business/companies-markets/spore-crowdfunding-site-lists-on-aussie-stock-exchange

S'pore crowdfunding site lists on Aussie stock exchange

Singapore real estate crowdfunding site CoAssets has been listed on Australia's second stock exchange in an effort to raise its corporate credibility. CoAssets, with a market value of A$13 million (S$13 million), was listed on the Newcastle-based National Stock Exchange (NSX) yesterday.

The Straits Times

http://www.9news.com.au/national/2015/07/07/14/17/july-interest-rate-decision

No surprises as Reserve Bank leaves interest rates on hold

The Reserve Bank of Australia has left interest rates steady at the record low of two percent following its July board meeting.

9 News