The Real Estate Conversation

Contact

Big four have made $4.7 billion since 2016 from not passing on RBA cuts: research

New research from financial comparison site Mozo has revealed the Big 4 banks’ tactic of holding back some of the RBA’s rate cuts has seen them pocket a $4.7 billion windfall since 2016.

New South Wales (NSW)

Featured Property

Iconic ‘Mena’: an Orange landmark

Woven into the history of Orange, this restored historic beauty includes the original stables and a gardener's cottage. For sale by Ash Brown and Jack Aumuller of One Agency Orange.

Victoria (Vic.)

Featured Property

Ocean Grove Victorian retreat

Every day is like a holiday at this Ocean Grove home with generous accommodation, pool and 6 car garage workshop. For sale by David Villarosa of Villarosa Real Estate.

The Economy

Sydney and Melbourne lead early stages of housing recovery as dwelling values rise nationally over September

CoreLogic's September Home Value Index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up 1.7 per cent over the month.

Queensland (Qld)Brisbane

Design

DA lodged for South Bank ferry terminal transformation

Brisbane City Council has lodged plans to transform one of Brisbane’s busiest ferry terminals, as part of a $70 million investment to upgrade terminals along the Brisbane River.

Victoria (Vic.)

The Economy

City Deal to turn Geelong into world class tourism destination

A clear path toward economic diversification, tourism growth and a thriving city centre has been laid out for Geelong

New South Wales (NSW)

People

'There has been a gap in our market' - Belle Property announces Jervis Bay office

Belle Property has begun operating at Jervis Bay on the NSW South Coast.

Victoria (Vic.)Melbourne

Featured Property

Developer’s own South Yarra penthouse apartment

This designer residence features celebrated interiors and boasts a rooftop pool and space for 9 cars. For sale by Sean Cussell and Natalie Frid of Prestige Homes of Victoria (Christies international).

New South Wales (NSW)Sydney

Featured Property

'Hinemoa': Two adjoining luxury beachfront homes

Offered separately or in one line, these oceanfront homes showcase panoramic ocean views and relaxed luxury interiors. For sale by Brendan Pomponio and Joshua Perry of Belle Property Dee Why.

National

The Economy

Grand final hype brings auction volumes back down to earth

All eyes were on the MCG instead of auction gavels last week, resulting in a significant drop in volume for the combined capital cities.

Pages

News Roundup

http://www.wsj.com/articles/once-ignored-properties-gain-favor-in-australia-1474377664

Once-ignored properties get a second look in Australia

Colleges, hospitals get new attention thanks to infusion of capital from foreign investors, lack of supply.

The Wall Street Journal

http://www.abc.net.au/news/2016-09-20/tipperary-station-50-per-cent-ownership-jason-yeap/7860472

Melbourne developer Jason Yeap draws multiple investors to buy 50% of Tipperary Station

A group of investors from Australia and Hong Kong has paid over $49m for a 50% stake in the Tipperary Group of Stations.

ABC

http://www.property-report.com/weak-australia-uk-currencies-lure-malaysian-investors/

Weak Australia, UK currencies lure Malaysian investors

The relative strength of the ringgit against the Australian dollar has empowered Malaysian investors to acquire property here, according to Jones Lang LaSalle.

Property Report

http://www.afr.com/real-estate/residential/vic/discovery-expects-30m-for-melbourne-caravan-park-20160919-grjcsn

Discovery expects $30m for Melbourne caravan park

Australia's largest holiday park operator, Discovery Parks, is selling its only Melbourne site as a future townhouse development, and expects to fetch more than $30m.

The Australian Financial Review

http://www.afr.com/real-estate/commercial/sales/ski-hole-mt-hotham-to-sell-1900sqm-village-site-for-commercial-development-20160726-gqe4rd#ixzz4KgSMVJsu

Ski hole: Mt Hotham to sell 1,900sqm village site for development

The management board of Mt Hotham is selling a 1,905sqm development site in the Victorian ski resort's main village.

The Australian Financial Review

http://www.afr.com/real-estate/brisbane-apartments-sales-slow-prices-fall-20160919-grje0d

Brisbane apartments sales slow, prices fall

Apartment construction and demand have started to slow in Brisbane, property consultants Urbis say.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/pubs-sales-slow-to-a-trickle/news-story/de8cb0e0d3ef2f12bb47e6fec8a46a47

Pubs sales slow to a trickle

The number of inner-city pub sales in Sydney’s CBD has slowed to its lowest in years, as owners hold on to the valuable assets and banks restrict lending to the sector.

The Australian

http://www.theaustralian.com.au/business/property/starryland-australias-parramatta-site-draws-local-buyers/news-story/1886aca5d0d66538c3c2cb5d90e3eff1

Starryland Australia’s Parramatta site draws local buyers

Local buyers have picked up the slack left by the clampdown on foreign buyers in the latest round of apartment sales in the western Sydney hub of Parramatta.

The Australian