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Credit squeeze continues to hit home finance

The banking royal commission may be over but its effects on home lending persist, and so is the credit squeeze according to new figures from the Australian Bureau of Statistics.

Victoria (Vic.)

Featured Property

Renovated elegant Victorian home in Prahran

Transformed by an impressive renovation, this Victorian home in Prahran is for sale by Carla Fetter and David Sciola of Jellis Craig Armadale.

New South Wales (NSW)Sydney

The Economy

Sydney is still number one for the ultra-wealthy

Despite the property downturn, Sydney remains Australia's number one luxury market for high-end real estate.

Western Australia (WA)

The Economy

Realmark celebrates 30 years of growth

In a challenging property market, Western Australian real estate agency Realmark has recorded another record year on year increase in market share during 2018.

South Australia (SA)Adelaide

Featured Property

Unley designer sandstone villa c1910

Extensively redesigned, this modern family home creates an art-form of sophisticated living and entertaining spaces on a prized allotment of approx. 719sqm. For sale by Stephanie Williams and John Williams of Harcourts Williams.

National

The Economy

Housing downturn crippling GDP growth

Figures from the Australian Bureau of Statistics reveal the housing downturn is stunting GDP growth, and the RBA is getting anxious about it.

Tasmania (Tas.)Hobart

Featured Property

Sleek architecturally designed home with mountain views in Tasmania

This contemporary architecturally designed home in Tasmania's Acton Park is for sale by Tom Triffitt of Knight Frank Tasmania Hobart .

National

The Economy

New Farm home smashes Brisbane auction records

A prized riverfront holding in New Farm became the most expensive house ever sold under the hammer in Brisbane on Saturday.

National

The Economy

Singaporean co-living giant to debut in Sydney

Singaporean co-living company Hmlet will make its Australian debut in Sydney with the launch of two co-living properties.

Featured Property

Barracks garage transformed to modern residence

‘The Courtyard House' is a contemporary, light-filled home framing a leafy central courtyard. For sale by Andrew De Angelis and Arch Staver of Nelson Alexander Fitzroy.

Pages

News Roundup

http://www.afr.com/real-estate/residential/eddie-kutner-stares-down-the-melbourne-gloom-20160412-go4hk6

Developer Eddie Kutner stares down the Melbourne gloom

Veteran developer Eddie Kutner reckons grim warnings that the housing boom is over with Melbourne's apartment market headed for over-supply are wrong.

The Australian Financial Review

http://www.afr.com/real-estate/harvey-norman-poised-to-turn-warehouses-into-apartments-20160408-go1mrm

Harvey Norman poised to turn warehouses into apartments

The housing boom boosted billionaire Gerry Harvey's bottom line, and has given him another money-making idea.

The Australian Financial Review

http://www.smh.com.au/business/the-economy/noise-nudity-foul-language-airbnb-hosts-should-be-fined-says-report-20160412-go4em1.html

Noise, nudity, foul language: Airbnb hosts should be fined, says report

Airbnb hosts renting out their apartments should be slapped with fines if their guests engage in 'disruptive' behaviour that upsets the neighbours.

The Sydney Morning Herald

http://www.theaustralian.com.au/business/property/gruesome-past-no-barrier-for-buyers-of-granny-killer-house/news-story/dea9da740be79c2a6e2651cbe7df8df5

Gruesome past no barrier for buyers

The multimillion-dollar sale of a home on Sydney’s north shore has proven that even the most gruesome past can’t stunt the harbour city’s prohibitive house prices.

The Australian

http://www.theguardian.com/travel/2016/apr/13/accorhotels-to-grow-its-own-vegetables-in-push-to-cut-food-waste

Major hotel chain to grow vegetables at 1000 properties to cut food waste

Accorhotels, which includes Sofitel, Novotel, Mercure and Ibis, will plant vegetable gardens at many of its hotels as part of a plan to cut food waste by a third.

The Guardian

http://www.afr.com/real-estate/dont-panic-end-of-the-housing-boom-is-manageable-hsbc-says-20160412-go438c

Don't panic: end of the housing boom is manageable, HSBC says

The slowdowns in house-price growth and housing construction are likely to be offset by growth of services and an easing in the mining slowdown, HSBC economist Paul Bloxham says.

The Australian Financial Review

http://www.afr.com/news/policy/tax/garnaut-backs-80bn-cuts-petrol-excise-boost-to-states-20160412-go4bad

Garnaut backs $80b cuts, radical measures

Former Labor adviser Ross Garnaut will urge the Turnbull government not to abandon cuts to education and health, and will urge states to swap stamp duties on property sales for an annual land tax.

The Australian Financial Review

http://www.dailytelegraph.com.au/realestate/selling/this-is-where-chinese-buyers-want-to-live-down-under/news-story/72d9d8a396e7c789bb707f0b1b0ef132

Where Chinese buyers want to live down under

Chinese-language property portal, myfun.com, has rated family-friendly Melbourne neighbourhood of Glen Waverley Australia's top suburb.

The Daily Telegraph