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CoreLogic: National rents record highest annual growth in over a decade

CoreLogic’s Rental Review for the June 2021 quarter shows despite rental growth slowing over recent months, the latest figures take national rental rates 6.6% higher over the year; the highest annual growth in dwelling rents since January 2009.

Western Australia (WA)Perth

The Economy

Perth vacancy rate increases to 10 month high in June - REIWA

The Perth vacancy rate increased to 1.2 per cent in June 2021, the highest-level Perth has seen since August 2020.

National

The Economy

John McGrath – Investors replacing first home buyers

Investor activity across Australia has soared in recent months, with the highest amount borrowed to buy investment properties since mid-2015, however, John McGrath founder and executive director of McGrath Estate Agents cautions investors not to overextend for fear of missing out.

Queensland (Qld)Brisbane

Featured Property

Architectural Bardon home with sweeping views - Place West

This multi-level residence presents outstanding lifestyle appeal in a quiet, elevated location. For sale by Sacha Hennessy of Place West.

Victoria (Vic.)Melbourne

People

Gardenridge director Don Thomson: designing and building gardens fulfills 'a creative spirit'

Award winning landscape company Gardenridge designs well-considered, well-built, and well-cared for gardens in Melbourne.

New South Wales (NSW)Sydney

Featured Property

Neutral Bay Federation Semi sold for first time in 20 years – The Agency

Sold by Dino Gatti and Adrian Garcia of The Agency for “well above” the top end of price guide range of $5.5m.

Queensland (Qld)Brisbane

Featured Property

Wooloowin contemporary sanctuary sold by Place

The family friendly home designed by Profile Architecture was sold by Patrick McKinnon and Jill Wright of Place Ascot for an undisclosed price.

Queensland (Qld)Brisbane

Featured Property

Sotheby’s sells Brisbane futurist home for $1.3m

The 4-bedroom home was sold after a competitive auction through Michael Vettoretto of Queensland Sotheby’s International Realty.

Victoria (Vic.)Melbourne

The Economy

Historic house prices for regional Victoria; Melbourne holds the line - REIV

The median house price in metropolitan Melbourne is $1,010,000 and $559,500 in regional Victoria, according to data released today from the Real Estate Institute of Victoria.

National

Politics

REIA is urging Government to improve supply planning around housing development

Real Estate Institute of Australia (REIA) is urging the Federal and State governments to improve planning approval times in a bid to address the diminishing housing supply.

Pages

News Roundup

http://www.afr.com/real-estate/performance-dashboard-western-sydney-suffers-worst-mortgage-stress-20171129-gzvl46

Western Sydney suffers worst mortgage stress

Western Sydney is one of the country's hardest-hit areas for mortgage stress, with one in 10 households struggling to meet their mortgage payments, according to a new series of housing affordability indicators the federal government will soon release.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/avjennings-eyes-build-to-rent/news-story/854199b37d80d10a4ffade1b6f3a4bc0

AVJennings eyes build to rent

Listed residential developer AVJennings is looking to develop high-quality residential build-to-rent projects aimed at long-term investors.

The Australian

https://sourceable.net/lacrosse-builder-finally-agrees-replace-flammable-cladding/

Lacrosse Builder Finally Agrees to Replace Flammable Cladding

Three years after fire ripped from the sixth floor to the 21st floor in minutes, the builder behind the Lacrosse apartment towers in Melbourne’s Docklands has agreed to replace the combustible cladding.

Sourceable

http://www.afr.com/real-estate/cba-crackdown-to-ensure-property-market-sustainability-20171128-gzus7w

CBA crackdown to ensure property market 'sustainability'

The Commonwealth Bank, the nation's largest home lender, is launching a major overhaul of its lending policies.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11729-housing-imbalances-still-exposing-banks-to-risk-s-p?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin30_11_17&utm_medium=email&utm_content=1

Housing imbalances still exposing banks to risk: S&P

Standard and Poor’s has released an Australian banking sector update which reveals that house prices and private sector borrowing imbalances are still exposing the banks to risk.

Mortgage Business

https://sourceable.net/what-can-be-hidden-from-an-unsuspecting-buyer/

What Can Be Hidden from an Unsuspecting Buyer?

Is that new paint job hiding water damage?

Sourceable

http://www.afr.com/real-estate/japans-daiwa-house-expands-in-australia-with-purchase-of-volume-builder-rawson-group-20171128-gzujte

Japan's Daiwa House expands in Australia with purchase of volume builder Rawson Group

Tokyo-listed Daiwa House has expanded into Australia's volume house building sector with the acquisition of the fifth-biggest home builder in NSW.

The Australian Financial Review

http://www.afr.com/real-estate/unsustainable-debt-forces-mortgage-broker-echoice-sale-20171128-gzusby

'Unsustainable debt' forces mortgage broker eChoice sale

eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a 'major financial institution' after being placed into voluntary liquidation.

The Australian Financial Review