The Real Estate Conversation

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Western Australia (WA)Perth

People

Realmark Coastal's Super Saturday "a great result" for Perth auctions

Paul DiLanzo says it was Realmark Coastal's supportive team culture that made 'Super Saturday' so successful.

New South Wales (NSW)

People

PRD launches Green Housing Scorecard at annual conference

At this year's PRDnationwide conference, the agency released an online tool that scores the sustainability features of residential real estate.

Victoria (Vic.)Melbourne

Construction

Australia's best cubby house: Rocky Road

The winner of 2018 Cubby House Challenge was 'Rocky Road', which sold under the hammer for $20,500, with funds going to the Kids Under Cover charity, which helps youth with homeless prevention strategies.

Victoria (Vic.)

Featured Property

Designer Mornington Peninsula home on vast allotment close to Somers Beach

The property includes a wood shed with stables, mature citrus orchard and a large paddock and dam. For sale by Paul Castran of Castran Gilbert South Yarra.

Western Australia (WA)Perth

The Economy

The seven Perth suburbs selling more now than during the 2014 boom

More properties are selling in seven Perth suburbs - with Alkimos, Golden Bay and Trigg at the top of this list - than were sold during the 2014 peak of Perth's property boom.

New South Wales (NSW)Sydney

People

McGrath launches lower cost mid-week auctions in Sydney's eastern suburbs

McGrath Coogee will hold its first mid-week auction event tonight, targeting investors in the sub-$1 million market.

National

The Economy

New house sales down for second month in a row

New house sales rose in three states, but large falls in Queensland and Western Australia dragged the overall result into negative territory.

New South Wales (NSW)Sydney

Featured Property

Connells Point castle with magical water views

This palatial architect-designed home includes a library, pool, gymnasium and even a glass encased car showroom. For sale by Simon Platt and Grant Dale of Lifestyle Property Agency.

National

Politics

Australia could face 'credit crunch' if banks significantly tighten lending standards: UBS

If the banks tighten credit standards in the wake of the scandalous findings of the royal commission, we could see weaker house prices for a few years as house prices are largely determined by the availability of credit, says UBS.

National

People

NAWIC's Women’s Day scholarship goes to Dr Phillippa Carnemolla to study school girl's perception of careers in construction, trades

The National Association of Women in Construction's International Women’s Day Scholarship has gone to industrial designer, researcher and design educator, Dr Phillippa Carnemolla.

Pages

News Roundup

http://www.theguardian.com/australia-news/2015/aug/24/luke-foley-wants-ban-on-property-developers-and-agents-being-councillors

Luke Foley wants ban on property developers and agents being councillors

Luke Foley, leader of the Labor opposition in New South Wales, wants to ban property developers and real estate agents from being local councillors. Foley has also called on the NSW government to reverse the decision to let councillors vote on planning controls that could benefit them.

The Guardian

http://www.yourinvestmentpropertymag.com.au/news/real-estate-agents-have-no-right-to-provide-smsf-advice-204542.aspx

Real estate agents have "no right" to provide SMSF advice

Real estate agents will likely be forced to stop recommending people use self-managed super funds (SMSF) to buy property unless they are licensed to do so according to one financial expert.

Your Investment Property Magazine

http://www.heraldsun.com.au/news/victoria/agents-in-the-spotlight-as-real-estate-laws-are-reviewed/story-fni0fit3-1227493096346

Agents in the spotlight as real estate laws are reviewed

Real estate agents will be under the spotlight after the State Government announced a review of the laws governing agents, owners’ corporations and conveyancing.

Herald Sun

http://www.theaustralian.com.au/business/property/charter-hall-in-150m-deal-with-new-chinese-property-entrant/story-fnko7zi0-1227489859471

Charter Hall in $150m deal with new Chinese property entrant

Charter Hall Group has stamped itself as one of the canniest players of the current boom in the pricing of office assets with residential conversion potential by striking a $150 million deal to offload a site on Sydney’s north shore to a joint venture backed by a new Chinese entrant.

The Australian

http://www.theage.com.au/business/banking-and-finance/mortgage-choice-sees-no-impact-from-apras-curbs-on-property-investors-20150819-gj2mw6.html

Mortgage Choice sees no impact from APRA's curbs on property investors

Recent moves by banks to lift interest rates for property investors will not crimp loan volumes for broker Mortgage Choice, which is receiving record inquiries from landlords about financing, says its new chief executive, John Flavell.

The Age

http://www.propertywire.com/news/europe/uk-house-price-forecast-2015081810878.html

UK residential property prices forecast for steady growth in next five years

House prices in the UK are expected to continue growing, with steady rises over the next five years across the country, the latest five year forecast shows.

Property Wire

http://www.yourinvestmentpropertymag.com.au/news/steady-flow-of-supply-results-in-sydney-residential-vacancy-rate-decreasing-204454.aspx

Steady flow of supply results in Sydney residential vacancy rate decreasing

The latest Sydney residential vacancy rates point to a steady flow of tenants finding accommodation according to the Real Estate Institute of New South Wales (REINSW).

Your Investment Property Magazine

http://www.businessspectator.com.au/article/2015/8/18/australian-news/chinas-rebalancing-lose-lose-australia

China's rebalancing is lose-lose for Australia

Potential growth in China has eased considerably in recent years -- almost certainly by more than indicated by official sources -- as authorities struggle with an economic transition that is largely unprecedented in size and scope. Unfortunately, it’s a lose-lose situation for Australia, with Chinese investment set to underperform expectations in the long term regardless of whether Chinese authorities are successful or not.

Business Spectator