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Featured Property

Renovated Camp Hill family home with city views sold by Place New Farm

92 Bundah Street Camp Hill sold for $2.65m by Sarah Hackett of Place New Farm as buyers seek renovated turn-key family homes.

Western Australia (WA)Perth

Sustainability

REIWA commits to green future with environmental and sustainability policy

The Real Estate Institute of Western Australia (REIWA) has introduced an environmental and sustainability policy which will underpin its core business objectives moving forward.

National

People

Openn signs pilot agreement with two North American real estate groups

Australian-listed property technology company (PropTech), Openn Negotiation Limited, (Openn) (ASX: OPN) is pleased to announce a pilot agreement with 2 major North American real estate groups.

New South Wales (NSW)Sydney

People

Award winning auctioneer goes independent

Award winning auctioneer Edward Riley has today announced that he is branching out as an independent auctioneer.

National

The Economy

Rental market reaccelerates as pace of capital growth falls, says CoreLogic

CoreLogic’s Quarterly Rental Review for Q1 2022, released today, shows the national rental index increased 1% over the month of March and 2.6% over the March quarter, a 70 basis points increase on the December quarter.

Western Australia (WA)Perth

Xceed Real Estate expansion continues with acquisition of Joyce Property Investments

Known in Perth's real estate industry for challenging the status quo, Xceed Real Estate has again demonstrated its fearless growth trajectory – in its latest commercial acquisition of Joyce Property Investments.

Queensland (Qld)Brisbane

People

Featured Property

Zia Rahim joins REAL Specialists

Zia Rahim has listed for sale 20 Blackthorn Crescent Shailer Park, a spacious family property in a booming suburb.

National

Politics

REIA to use proptech solutions to trial national real estate license exchange

The Real Estate Institute of Australia (REIA) has been awarded a coveted government innovation grant to develop a national real estate license exchange (Project RE-ID).

Victoria (Vic.)Melbourne

The Economy

REIV calls for game-changing reforms to deliver fairness and transparency

The Real Estate Institute of Victoria (REIV) is calling for full sales price disclosure, standardised residential sales contracts, identity verification of buyers and sellers and the same price estimation standards that apply to Estate Agents, to be enforced for all residential sales.

National

The Economy

66% of investment properties have this in common - BMT

A study conducted by Australia’s leading tax depreciation specialist, BMT Tax Depreciation has identified an important statistic: 66% of tax depreciation schedules completed in the last three years have undergone a renovation or an addition by the owner.

Pages

News Roundup

https://www.brisbanetimes.com.au/national/queensland/council-resumes-houses-to-deliver-40-million-road-upgrade-20180522-p4zgv9.html

Council resumes houses to deliver $40 million road upgrade

More than 25 property resumptions are required to widen a road that carries 37,000 motorists a day in Brisbane's north.

Brisbane Times

https://www.watoday.com.au/national/western-australia/bunbury-takes-crown-as-most-expensive-regional-city-to-get-around-in-20180515-p4zfgl.html

Bunbury takes crown as most expensive regional city to get around in

Bunbury has pipped Geelong as the most expensive regional city in the country to get around in, according to the latest Australian Automobile Association figures.

WA Today

http://www.afr.com/real-estate/chinese-student-enrolments-in-australia-and-house-sales-to-foreigners-in-1-chart-20180522-h10f8u

Chinese student enrolments in Australia and house sales to foreigners in 1 chart

A record 232,000 Chinese citizens studied in Australia in 2017, accounting for 28.9 per cent of all international student enrolments.

The Australian Financial Review

http://www.afr.com/real-estate/rental-affordability-index-hobart-overtakes-sydney-as-worst-city-for-renters-20180521-h10d1q

Rental Affordability Index: Hobart overtakes Sydney as worst city for renters

Hobart has overtaken Sydney as the least affordable city for renters, with rents having pushed up to near mainland prices, even as wages remain much lower, the latest Rental Affordability Index shows.

The Australian Financial Review

https://www.smh.com.au/national/nsw/sydney-s-congestion-at-tipping-point-20180520-p4zgfq.html

Sydney's congestion at 'tipping point'

Sydney is approaching a tipping point that would see people abandon public transport and choose to drive to work as the city struggles to cope with population growth.

Sydney Morning Herald

https://www.brisbanetimes.com.au/national/queensland/brisbane-s-30-million-riverfront-brewery-given-the-green-light-20180522-p4zgro.html

Brisbane's $30 million riverfront brewery given the green light

A $30 million riverfront brewery in Brisbane East that will produce 10 million litres of beer a year has been given the tick of approval.

Brisbane Times

https://www.theage.com.au/business/companies/chinatown-heffernan-lane-building-sells-for-6-3-million-20180522-p4zgrd.html

Chinatown Heffernan Lane building sells for $6.3 million

A pair of fashion retailers have more than doubled their money in five years on a distinctive Chinatown tower which fetched $6.3 million under the hammer.

The Age

http://www.afr.com/real-estate/fractured-governance-australian-cities-give-states-too-much-power-over-planning-20180521-h10cci

Australian cities give states too much power over planning

Australia's largest cities are hobbled in their ability to develop as global economic centres because nobody is clearly in charge, a new report by the Property Council of Australia shows.

The Australian Financial Review