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Palatial four-bedroom Hong Kong home sells for $193m

A four-bedroom Hong Kong villa with pool, garden, elevator and harbour views has sold for $193 million (HK$1.16 billion).

Queensland (Qld)Brisbane

People

Get to know Karuna Dimelow, the new COO of Brisbane agency, Coronis

After 14 years with Coronis, Karuna Dimelow has been appointed to the newly created role of chief operating officer.

New South Wales (NSW)Sydney

Featured Property

'Infinity', a luxurious oceanfront retreat on Sydney's northern beaches

Unrivalled, never-to-be-built-out views of Mona Vale, Bungan, Newport and Avalon make this a unique northern beaches property. For sale by LJ Hooker Newport.

National

The Economy

Can you claim renovations made by previous owners?

Bradley Beer of BMT Tax Depreciation takes a look at the items that may have hidden depreciable value for investors that they might not be aware of.

National New South Wales (NSW)Sydney

The Economy

Sydney, Darwin, Perth property prices down for the quarter: CoreLogic

There is still "underlying strength" in the Sydney market, says Chris Wilkins of Ray White Drummoyne.

International

People

dRMM Architects wins RIBA Stirling Prize for Hastings Pier

The Royal Institute of British Architect's prestigious Stirling Prize has been awarded to dRMM Architects for Hastings Pier Charity.

New South Wales (NSW)Sydney

Featured Property

'Boatanica': deep waterfront beauty

“A collaboration between renowned architect Richard Cole and its clients, ‘Boatanica’ offers singular design vision, revealed in its many small details, while the larger impression is one of understated beauty and calm.” For sale by Jonathan Fletcher of McGrath Avalon Beach.

New South Wales (NSW)Queensland (Qld)Victoria (Vic.)

The Economy

John McGrath says Australians are embracing the regional hub

John McGrath, founder of McGrath Estate Agents, says Australians are embracing smaller cities as great places to work and live, and lists Wollongong, Newcastle, Geelong, Ballarat, and Toowoomba as the favourites.

National

The Economy

The sale of new homes continues to decline

The HIA's New Home Sales Report shows that new home sales continue to decline from their peak.

South Australia (SA)

The Economy

House prices down in South Australia's regional market

The Valuer-General’s report on South Australian house prices for the September 2017 quarter, shows that prices in the regional housing market were down slightly, but the number of sales remains strong.

Pages

News Roundup

http://www.dailytelegraph.com.au/realestate/news/the-26-sydney-suburbs-smashing-real-estate-records/story-fni0cly6-1227376204877

The 26 Sydney suburbs smashing real estate records

In just three months an amazing 26 suburbs have recorded new all-time high house prices, some soaring by nearly $2 million. The city-wide phenomena, from Parramatta in the west, Chifley in the east, Sandringham in the south and Balgowlah in the north, has seen the booming residential market jump 6.6 per cent since January, according to Core Logic RP Data figures. That represents a massive increase of 15.1 per cent since this time last year.

The Daily Telegraph

http://www.heraldsun.com.au/realestate/news/potts-point-car-spot-sells-for-264000/story-fni0cly4-1227374140732

Potts Point car spot sells for $264000

As Sydney's real estate prices skyrocket a car space has sold for $264,000.

Herald Sun

http://www.couriermail.com.au/realestate/news/good-as-gold-for-investors/story-fnihpu6h-1227373145668

Good as Gold for investors

Seven years after the global financial crisis knocked the wind out of the Gold Coast’s billowing property sales, the area has started racking up double digits again.

Courier Mail

http://www.nytimes.com/2015/05/31/realestate/paul-mccartneys-15-5-million-central-park-view.html?_r=0

Paul McCartney's $15.5 Million Central Park View

A duplex penthouse at 1045 Fifth Avenue, a bronze-glass apartment building in a neighborhood where limestone and brick prewar co-ops are more the norm, sold to Paul McCartney and his wife, Nancy Shevell, for $15,500,000, and was the most expensive closed sale of the week, according to city records.

The New York Times

http://www.afr.com/real-estate/residential/nsw/residential-property-auction-frenzy-in-sydney-and-melbourne-20150531-ghdc3g

Auction frenzy continues

Sydney's booming housing market is showing no sign of fatigue, galloping to another strong result on the weekend. The clearance rate in Sydney hit 86.5 per cent of the 1.120 homes taken to market, a marginally better result than the previous week, on preliminary CoreLogic RP Date figures. In Melbourne, Australia's largest auction market, the appetite was also strong, with a 78.3 per cent clearance rate of the 1221 homes put on the block.

The Australian Financial Review

http://news.domain.com.au/domain/real-estate-news/south-brisbane-apartment-complex-best-in-australia-20150531-ghdmrc.html

South Brisbane apartment complex 'best in Australia'

It's been dubbed Australia's best apartment complex. Nestled among South Brisbane's cultural precinct, the Austin apartments were last month declared Australia's best highrise residential development at the Asia Pacific International Property Awards.

Domain News

http://www.smh.com.au/business/nbn-faces-developer-anger-as-revenue-rises-20150527-ghah5x.html

NBN faces developer anger as revenue rises

Australia's property developers say they are "deeply concerned" by the federal government's plan to charge thousands of dollars more for connecting new home buyers to the national broadband network.

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/house-price-boom-nowhere-near-as-strong-as-last-time-20150528-ghak7a?login_token=M9rJTtVasY9Rj0EU6vFWMUzRRy06TKM7L8B8PVeXwRQOJQKRzoKqr9zm9DuAcGeOpNkrlKD3hQv_aE6mpCiZWg&member_token=RzmIhTkgD6QCfNtgKjkwu6MCAL8xB79wkHH07uP-7uzYNbCgH2_9AeeaCZ_FHN-Ix9VADGvtqWu1ZU2PCpZkWw&expiry=1464481366

House price boom 'nowhere near as strong' as last time

The current boom is moderate by comparison to that of 2001-04. Since the latest upswing started, three years ago in May 2012, Sydney house values have risen 38.8 per cent according to CoreLogic. In the three years after 2000, the rise was 60.2 per cent. Similarly in Melbourne, the latest rise is 23.6 per cent over the last three years compared to 58 per cent in the three years after 2000.

The Australian Financial Review