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Perth rental market subdued in June quarter

“The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing," said REIWA president, Hayden Groves.

New South Wales (NSW)Sydney

Featured Property

Sutton heir puts 1963 Mid-Century Modernist Bellevue Hill home up for sale

Scott Sutton has put his 1963, Mid-Century Modernist, Bellevue Hill home up for sale with Denise Cameron of Raine & Horne Double Bay.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Melbourne market for family homes near good schools is "very, very strong", says Andrew Boyce of Hodges

"The market for family homes is very, very strong, especially homes near good schools," Andrew Boyce of Hodges Brighton told SCHWARTZWILLIAMS.

Western Australia (WA)

The Economy

Spotlight on mining town Karratha

Though the rental market is levelling out in the Western Australian mining town of Karratha, house and unit prices are still down more than 50 per cent from their boom-time highs.

International Victoria (Vic.)Melbourne

People

Get to know Ronald Chan, CEO of developer Growland

Ronald Chan has been appointed CEO of Growland to lead the company in a new growth phase. Chan takes a 'hands-on' approach to his role, and is overseeing no less than five projects at various stages of completion.

Western Australia (WA)Perth

Featured Property

Check it out: a brand new, architect-designed home on Perth's City Beach with infinity pool and car 'showroom'

This sophisticated home has views from Fremantle to Hillarys from almost every room. For sale with Vivien Yap and Phoebe Shi of LJ Hooker Dalkeith.

Victoria (Vic.)Melbourne

The Economy

Melbourne's bayside suburbs more expensive than Toorak, REIV data shows

Bayside suburbs, such as Albert Park, Middle Park, and South Melbourne, are attracting higher prices per square metre than Melbourne's most exclusive suburbs, according to the latest data from the REIV.

New South Wales (NSW)Sydney

People

Macquarie Park combined sale makes 55 vendors 'instant millionaires', says Savills

Savills has sold a 5,130sqm site at 15-21 Cottonwood Crescent, Macquarie Park, for around $80 million, delivering the 55 vendors a record price.

International

People

The most expensive house for sale in the US is the former set of 'The Beverly Hillbillies'

As they say, it could only happen in America.

Queensland (Qld)Sunshine Coast

Featured Property

Simply magical: a secluded 32-hectare, beachfront estate in Noosa surrounded by national park

Adrian Reed, from Dowling & Neylan Noosaville, calls Laguna, "Australia's ultimate beachfront estate".

Pages

News Roundup

http://www.afr.com/real-estate/commercial/global-appetite-rising-for-australian-penthouses-after-25m-sale-20150408-1mgrvu

Global appetite rising for Australian penthouses

Australia's reputation as a global luxury property destination has been enhanced after an ultra-wealthy China-based businessman paid a record $25 million for a 750-square-metre Melbourne penthouse on the very top of Australia 108 – the Southern Hemisphere's tallest tower, being developed by Singapore's Aspial corporation.

The Australian Financial Review

http://blogs.wsj.com/venturecapital/2015/04/07/placester-raises-15-million-to-polish-real-estate-agents-web-presence/

Startup enables agents to get their own digital platforms

Boston-based Placester Inc. has developed a marketing-automation platform that gives real-estate agents and brokers tools to build websites and mobile sites for $10 per month. The company’s service also helps the agents promote their properties through online advertising.The company has now raised $15 million Series B round to double its head count and roll out new products.

The Wall Street Journal

http://www.abc.net.au/radionational/programs/blueprintforliving/the-end-of-the-mcmansion/6359438

Tiny houses spell the end of the McMansion

After all these years, the Australian love affair with the McMansion is finally having a midlife crisis. Let's just say one of us does not need space. Our houses are finally getting smaller.

ABC Radio National

http://www.afr.com/markets/commodities/rba-surprises-markets-again-by-holding-rates-20150407-1mg3sg

RBA surprises markets again by holding rates

The Reserve Bank of Australia held back from a widely expected cut in official interest rates, caught between falling prices for Australia's main commodity exports and surging property prices.

The Australian Financial Review

http://www.businessinsider.com.au/why-a-chinese-officials-idea-to-support-the-property-sector-is-good-news-for-australias-iron-ore-miners-2015-4

Why a Chinese official's idea to support the property sector could be good news for Australia's iron ore miners

The Chinese economy is slowing. With the 7% official growth target for 2015 already looking shaky, policymakers in Beijing are worried enough to reverse many of the structural barriers erected in recent years to slow rampant property speculation. Last week we saw the release of new rules making it easier for investors to buy a second and subsequent home.

Business Insider Australia

http://www.mortgagebusiness.com.au/breaking-news/8343-tumbling-rates-fuel-refi-boom?utm_source=Mortgage%20Business&utm_campaign=Mortgage_Business_Newsletter08_04_2015&utm_medium=email

Tumbling rates fuel refi boom

Falling interest rates are driving demand for refinancing as borrowers consider whether they are paying too much for their mortgage.

Mortgage Business

http://www.theaustralian.com.au/business/property/china-investment-may-cool-off/story-fn9656lz-1227293403522

China investment may cool off

The rapid pace of Chinese investment in Australian residential property may begin to slow as the deregulation of China’s mortgage market tempts mainland investors to bring their money home. BIS Shrapnel managing director Robert Mellor said Chinese investors would have less of an appetite to invest overseas because it has recently become easier to do in their home market.

The Australian

http://www.yourmortgage.com.au/article/aussies-increasingly-choose-variable-rates-198878.aspx

Aussies increasingly choose variable rates

Aussies remain optimistic that the Reserve Bank of Australia (RBA) will continue its cash rate cuts, figures from Mortgage Choice claim. Consequently, more borrowers are now opting for variable rates - as opposed to fixed - as they expect even lower rates from the RBA at some point this year.

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