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Have your say on retirement villages asset management

On 30 July 2017, the NSW Government announced a four-point plan for retirement villages in NSW, now it wants your feedback.

National

The Economy

Property listings on the increase from downturn

SQM Research has released figures showing residential property listings have increased over the month by two per cent, but there is a long way to go to match last year's figures.

Victoria (Vic.)Melbourne Brighton

Featured Property

Brighton penthouse with style, substance and sophistication

This penthouse residence offers absolute beachfront indulgence with spectacular city and water views. For sale by Nick Johnstone and Georgia Torelli of Nick Johnstone Brighton.

New South Wales (NSW)

The Economy

NSW rental vacancy rates buck the trend for October

Vacancies in Middle and Outer Sydney have risen a considerable 1.2 per cent in the month of October, according to REINSW

Victoria (Vic.)

Construction

Construction of Ritz reaches milestone as crane goes up

Geelong's Ritz development has entered a new phase of construction, with a crane making its debut on the site.

Queensland (Qld)Brisbane

The Economy

Residential developers return as Brisbane market shows signs of turnaround

The Brisbane property market has been widely tipped to bounce back from a slow down in development, according to Belle Property.

Victoria (Vic.)

Featured Property

1876 limestone estate: ‘Karacoum’

Featuring views to Delgany Castle, this beautiful home preserves the best of old Portsea with the modern comforts for beachside living. For sale by Liz Jensen and Lorna Duffy of Kay & Burton.

South Australia (SA)

The Economy

Optimism in housing market for South Australia, says REISA

Despite a low volume of sales, the Real Estate Institute of South Australia says median house prices are at record levels this quarter.

South Australia (SA)

People

Ouwens Casserly comes away with double win

Ouwens Casserly Projects has won the Urban Development Institute of Australia (UDIA) Marketing Excellence 2019 Award along with the 2019 REISA award for Project Marketing Developments

National

The Economy

September apartment building approvals on the rise

Building approvals for new apartments and units leapt by 16.1 per cent during the month of September according to Master Builders Australia.

Pages

News Roundup

http://www.abc.net.au/news/2016-10-23/australian-syndicate-makes-$386m-bid-for-kidman-cattle-empire/7958208

Australian syndicate outbids Gina Rinehart for cattle empire

An all-Australian syndicate has made a $386m bid for the Kidman cattle empire, trumping that of Gina Rinehart and her Chinese partner.

ABC

http://www.reinsw.com.au/imis15_prod/Web/Deactivated_content/Chinese_auction_buyers_among_the_best.aspx

Chinese auction buyers are among the best

Chinese buyers are leading the way in the property battle at auctions because of their tactics.

REINSW

http://www.theaustralian.com.au/business/property/singleincome-homes-out-of-reach-scott-morrison-warns/news-story/c0c74cfb4ea6d750f17c6ddc88a528e6

Single-income homes out of reach, Scott Morrison warns

The housing market is “getting away from people”, with the number of Australians older than 45 who are still paying off mortgages increasing significantly and undermining retirement incomes, Scott Morrison has warned.

The Australian

http://www.domain.com.au/news/melbourne-auctions-super-saturday-auction-listings-plunge-20161020-gs5zsi/

Melbourne auctions: Super Saturday auction listings plunge

One of Melbourne’s biggest auction weekends of the year may fall short of buyers’ expectations.

Domain

http://www.smh.com.au/nsw/lucy-turnbulls-threecity-sydney-vision-challenged-by-forecasts-of-jobs-growth-in-east-20161019-gs6fky.html

Lucy Turnbull's three-city Sydney vision challenged by forecasts of jobs growth in east

Lucy Turnbull's resolve to boost economic development in Sydney's west is challenged by data showing the east will remain the epicentre of jobs growth over the next two decades.

The Sydney Morning Herald

http://www.abc.net.au/news/2016-10-20/200k-jobs-at-risk-as-housing-boom-rolls-over:-morgan-stanley/7952478

200,000 jobs at risk as housing boom rolls over, Morgan Stanley

A slowdown in the housing industry and a glut in high rise apartments is putting 200,000 jobs at risk, according to Morgan Stanley.

ABC

http://www.afr.com/real-estate/residential/nsw/nsw-lists-street-of-millers-point-terraces-in-biggest-offering-yet-20161020-gs6jjv

NSW lists street of Millers Point terraces

Home buyers with cash to splash are been given the opportunity to buy a row of inner-city terraces for more than $23m.

The Australian Financial Review

http://www.afr.com/real-estate/residential/mike-baird-backs-down-on-compulsory-land-acquisition-20161018-gs4wwt

Mike Baird backs down on compulsory land acquisition

NSW premier Mike Baird has offered an extra $50,000 per household to NSW residents whose homes have been compulsorily acquired for infrastructure projects.

The Australian Financial Review