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Bevan beats out competition to take Novice Auctioneers title

Inglis Bloodstocks consultant Bryce Bevan has won the 2019 REINSW Novice Auctioneers Title after triumphing in Thursday night's state final.

Construction

Townhouse development site for sale in Ipswich

Ray White Special Projects is inviting expressions of interest for an architecturally designed townhouse development site with approvals at 1-19 McEwan Street in Ipswich’s Riverview.

Queensland (Qld)Brisbane

People

Ray White New Farm to donate commission from upcoming sale

Ray White New Farm will conduct its second No Commission Auction at New Farm State School on Sunday.

Victoria (Vic.)Melbourne

Featured Property

Ultimo: contemporary smart home in Old Mt Martha

This coastal dream home combines old and new elements to create spaces that are both architecturally striking, but also warm and inviting. For sale by Sam Danckert and Ian Ross of Danckert Real Estate.

Design

Families choose to knock down and rebuild over renovating, selling

New data from Metricon NSW has shown that the majority of Sydney home owners would rather knock their home down and rebuild than renovate or sell.

People

Tasmania Sotheby's International Realty announces partnership with Royal Yacht Club

Tasmania Sotheby's International Realty has signed on as a major partner for the Royal Yacht Club of Tasmania.

New South Wales (NSW)Sydney

People

Paddington terrace house sold for $1.075 million

An updated three-bedroom terrace in Paddington has sold at a rate of $21,000 per square metre through 1st City Real Estate.

Victoria (Vic.)Melbourne

Featured Property

Light filled Armadale town residence

Architect Nicholas Day has designed a warm, elegant town home close to shops, restaurants, parklands and transport. For sale by Jeremy Fox and Jack Edgar of RT Edgar Toorak.

Queensland (Qld)

Politics

Queensland Treasurer announces company land tax increase to cover 'Canberra cuts'

Queensland Treasurer Jackie Trad has announced a new land tax foreign surcharge of 2 per cent and an increase in land tax for companies and trusts as part of the 2019/2020 Queensland State Budget.

National

The Economy

Adelaide only capital city to experience house and other dwelling growth in March quarter - REIA

New research from the Real Estate Institute of Australia has revealed that Adelaide is the only capital city not to experience a decrease in median prices for houses and other dwellings in the March quarter.

Pages

News Roundup

http://www.afr.com/real-estate/negative-gearing-changes-meant-something-to-margin-seat-holders-20160701-gpwrd0

Negative gearing changes meant something to margin seat holders

Many living in outer Melbourne suburbs, which includes marginal seats, believe excessive competition for property in the city is partly fuelled by negative gearing.

The Australian Financial Review

http://www.afr.com/opinion/election-2016-what-happens-next-if-there-is-a-hung-parliament-20160704-gpyki4

What happens next if there is a hung Parliament?

A fresh election is unlikely for at least six months, and politicians will have to deal with the Parliament the people have chosen, writes Professor of Constitutional Law.

The Australian Financial Review

http://www.theaustralian.com.au/federal-election-2016/federal-election-2016-property-chiefs-fight-negative-gearing-change/news-story/6b1fffb12fed8ff80369efdb553a9426

Property chiefs fight negative gearing change

The nation’s top property executives will meet this week to consider their next moves in a battle against cuts to negative gearing.

The Australian

http://www.yourinvestmentpropertymag.com.au/news/some-relief-for-oversupply-concerns-as-apartment-approvals-peak-219013.aspx

Relief for oversupply concerns as apartment approvals peak

Booming construction levels in Australia’s apartment market may be on the brink of entering a down cycle.

Your Property Investment

http://www.smh.com.au/business/consumer-affairs/domestic-violence-victims-given-the-power-to-terminate-rental-contracts-early-20160704-gpy1ky.html

Domestic violence victims given power to end rent contracts early

Victims of domestic violence in NSW will soon be able to flee their homes faster and without penalty for abandoning a rental property.