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John McGrath – International border reopening will impact the home advantage for inner city buyers

According to John McGrath founder and executive director of McGrath Estate Agents, local buyers have little time left to take advantage before international competition fully resumes.

Queensland (Qld)Brisbane

Featured Property

Milbank Bulimba Brisbane River home for sale - Place

Riverhome 2, 11 Byron Street Bulimba for sale by Sarah Hackett and Charmaine McDonald of Place Bulimba looks out across the Brisbane River to Hamilton Hill and beyond.

Victoria (Vic.)Melbourne

Featured Property

Stanhope by Kincrest luxury South Yarra penthouse for sale - Kay & Burton

The Penthouse at 1 Stanhope Court for sale by Matt Davis and Peter Kudelka of Kay & Burton, delivers timeless luxury with a South Yarra address.

New South Wales (NSW)Sydney

Featured Property

Entire floor Queen Residences Woollahra apartment for sale - The Agency and Highland

2/135 Queen Street Woollahra for sale by Steven Chen of The Agency Projects and Bill Malouf of Highland Property, is the last available Queen Residence apartment following the sale of the penthouse for $13m.

Queensland (Qld)Brisbane

Featured Property

Brand-new Hendra home for sale - Place Ascot

The new five-bedroom property at 28 Goble Street Hendra for sale by Jill Wright and Patrick McKinnon of Place Ascot is ideal for indoor-outdoor entertaining.

National

The Economy

NHFIC report confirms need for housing affordability and supply plan

The Real Estate Institute of Australia (REIA) has said that the National Housing Finance & Investment Corporation’s (NHFIC) State of the Nation report confirms the need for a national plan for renters, first home buyers and owner occupiers as Australians build new households in the wake of the COVID-19 pandemic.

New South Wales (NSW)Sydney

Featured Property

Prized harbourside Barangaroo apartment sold for $2.05m - The Agency

The 1-bedroom apartment with Harbour views sold by Steven Chen and Tim Wenden of The Agency Projects for "almost double" the buyers expectation.

National Victoria (Vic.)Melbourne

The Economy

Australia’s highest stamp duty shatters Victorians’ home ownership dreams - HIA

Victorians pay an average of almost $30,000 more in stamp duty than Queenslanders when they buy a new house, according to HIA’s annual Stamp Duty Watch Report.

National

The Economy

REIA highlights importance of nine trillion dollar residential real estate sector to Australian voters

Real Estate Institute of Australia (REIA) has highlighted the importance of Australia’s 9 trillion-dollar residential real estate market to Government and Opposition in its Annual Advocacy Tour.

National

The Economy

The Agency announce strong results as agent growth underpins continued momentum

Our success in recruitment of new agents is attributed to our direct engagement model with agents, which I believe is attractive to agents which the recent recruitment success validates,” said The Agency CEO Geoff Lucas.

Pages

News Roundup

https://myaccount.news.com.au/sites/theaustralian/subscribe.html?sourceCode=TAWEB_WRE170_a&mode=premium&dest=https%3A//www.theaustralian.com.au/business/property/lendlease-inks-deal-to-build-and-operate-retirement-village-in-shanghai/news-story/fe28b7ed0e07e36c3a4caed1fd2b6696&memtype=anonymous

Lendlease inks Shanghai deal

Lendlease is set to expand into China’s retirement village market, as it beds down a $400m project in Shanghai.

The Australian

https://www.brisbanetimes.com.au/national/queensland/brisbane-s-inner-city-rental-market-tightens-while-the-suburbs-ease-20180422-p4zb03.html

Brisbane's inner-city rental market tightens while the suburbs ease

The rental vacancy rate in Brisbane's inner-city has tightened, while the market has eased slightly in the suburbs.

The Brisbane Times

https://www.smh.com.au/national/nsw/homeowners-with-grenfell-like-cladding-could-face-price-drop-labor-warns-20180422-p4zb16.html

Homeowners with Grenfell-like cladding could face price drop, Labor warns

The NSW opposition has raised concerns flammable cladding could cause a huge drop in housing prices for home owners.

Sydney Morning Herald

https://www.realestate.com.au/news/former-afl-player-pays-over-100-million-for-brandon-park-shopping-centre/?rsf=syn%3Anews%3Anca%3Ahs%3Aspa

Former AFL player pays over $100 million for Brandon Park shopping centre

Troubled Brandon Park shopping centre has been snapped up for a huge sum after languishing on the commercial property market for nearly six months.

Herald Sun

https://www.theage.com.au/national/150m-in-compo-sought-over-failed-insulation-batts-program-20180422-p4zb1g.html

$150m in compo sought over failed insulation batts program

Installers and manufacturers affected by the Rudd government's failed home insulation program will seek $150 million in damages in a class action to be launched on Monday.

The Age

http://www.afr.com/real-estate/a-sustainable-access-to-credit-is-key-to-solving-housing-affordability-20180420-h0z1yv

A sustainable access to credit is key to solving housing affordability

A better housing blueprint, financial literacy for homebuyers and a sustainable access to credit following the banking royal commission are critical to the resolution of Sydney and Melbourne's housing affordability issue.

The Australian Financial Review

http://www.abc.net.au/news/2018-04-23/live-banking-royal-commission-amp-board/9686898

Banking royal commission examines dodgy financial advice as shareholders consider rolling AMP board

The financial services royal commission will continue hearing evidence about many instances of inappropriate financial advice given to customers, with ANZ, AMP and NAB scheduled to appear.

ABC

https://www.theaustralian.com.au/business/property/buyers-beware-markets-havent-finished-falling-yet/news-story/2550977c2457cb11027f91ab894a53d1?login=1

Buyers beware: markets haven’t finished falling yet

Even in the still undersupplied Sydney market, we don’t expect the next upswing for another three to four years, and by then rising interest rates may slow the recovery.

The Australian