The Real Estate Conversation

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REIV surveys Property Managers and the impact of COVID-19

Feedback gathered from REIV members has given us a valuable insight into the challenges that property managers faced due to disruptions caused by COVID-19.

International

People

Barfoot & Thompson Auckland wins Large Agency of the Year Award at 2020 REINZ Awards for Excellence

Barfoot & Thompson has been announced as the Large Agency of the Year at the 2020 REINZ Awards for Excellence held on Tuesday.

National

Politics

REIA seeks new foreign investment fee structure for residential property sector

The Real Estate Institute of Australia (REIA) has fronted a Senate Economics Committee to give evidence on the Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2020.

Western Australia (WA)Perth

The Economy

Perth's vacancy rate continues to drop - REIWA

REIWA President Damian Collins said "REIWA welcomes indications from the WA Government that they will not extend the emergency tenancy laws."

National

The Economy

Reduction in loan deferrals defies doom and gloom forecast: REIA

New figures from the Australian Banking Association showing that the number of deferred loans has fallen below 300,000 is positive news for property markets, according to the Real Estate Institute of Australia.

New South Wales (NSW)

Featured Property

Browns Creek rural retreat stuns with panoramic views

The 108 acre Browns Creek NSW property is being sold through Openn Negotiation by agent Tom Campbell of First National Bowyer and Livermore.

Victoria (Vic.)Melbourne

Featured Property

Newly constructed designer town residence - The Agency

Conveniently located and low maintenance, this contemporary townhome is for sale by Ericka Wong of The Agency.

New South Wales (NSW)Sydney

The Economy

NSW Budget shows it is time to get serious about stamp duty: REIA

The Real Estate Institute of Australia (REIA) has today called for a coordinated approach to stamp duty reform as the Australian economy emerges from its COVID-19 induced slump.

Victoria (Vic.)Melbourne

Featured Property

Designer ‘Mont Albert Place’ apartment in vibrant locale

For sale by Ericka Wong of The Agency, who told WILLIAMS MEDIA, “This apartment represents such a fantastic opportunity.”

Bilinga beachfront penthouse sold for $1.7 million - REAL Specialists

A three-level penthouse in the Gold Coast suburb of Bilinga has been sold for $1.7 million through Kasey Pereira of REAL Specialists.

Pages

News Roundup

https://www.smartpropertyinvestment.com.au/spi-plus/latest-hotspots/16371-sub-400k-perth-suburbs-set-for-big-jump?utm_source=SmartPropertyInvestment&utm_campaign=20_07_17&utm_medium=email&utm_content=5

Sub $400k Perth suburbs set for big jump

According to the project director of two real estate development businesses, property buyers in Perth should be buying in Two Rocks and Yanchep in order to capitalise on an expected upswing.

Smart Property Investment

http://www.smh.com.au/federal-politics/political-news/census-snapshot-one-million-homes-left-empty-across-australia-20170717-gxcpiw.html?utm_source=twitter&utm_medium=social&utm_campaign=nc&eid=socialn%3Atwi-13omn1677-edtrl-other%3Annn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o%26sa%3DD%26usg%3DALhdy28zsr6qiq

One million homes left empty across Australia

Leading UNSW urban policy expert, Hal Pawson, says it's "cruel and immoral" that Australia has 200,000 more homes sitting empty than it had a decade ago, despite the country grappling with a housing supply shortage.

The Sydney Morning Herald

http://www.afr.com/news/economy/monetary-policy/rba-sets-35pc-as-new-normal-for-official-cash-rate-20170718-gxdnfh

RBA sets 3.5% as new normal for official cash rate

The RBA has put households on notice it has pegged 3.5 per cent as the new normal for the cash rate, equivalent to eight rate hikes above today's level.

The Australian Financial Review

http://www.mansionglobal.com/articles/68197-u-s-china-relationship-key-to-global-luxury-real-estate-s-future-says-knight-frank-s-market-watcher?mod=mansion_global_articles_en_wsj_home

US-China Relationship Key to Global Luxury Real Estate’s Future, Knight Frank

Market watcher Liam Bailey says he’s surprised by how much governments around the world are getting into the property game.

Mansion Global

http://www.afr.com/real-estate/commercial/leasing/pitt-street-mall-overflow-drives-up-retail-rents-20170718-gxdgdd

Pitt Street Mall overflow drives up retail rents

Prime retail rents in the Sydney CBD surged 10% in the first six months of the year as tenant demand spilled over from tightly held Pitt Street Mall into surrounding buildings, says CBRE.

The Australian Financial Review

https://sourceable.net/grenfell-insulation-acceptable-non-combustible-cladding/

Grenfell insulation Was Acceptable Only with Non-Combustible Cladding

A certificate issued by the Local Authority Building Control said the synthetic insulation chosen for the £10m refurbishment of the tower was acceptable for use on tall buildings only if used with non-flammable fibre cement panels, but was used in Grenfell’s case with combustible polyethylene panels.

Sourceable

https://www.dezeen.com/2017/07/17/asian-cities-overtaking-london-new-york-urban-design-winy-maas-mvrdv/?utm_medium=email&utm_campaign=Daily%20Dezeen%20Digest&utm_content=Daily%20Dezeen%20Digest%20CID_d34db2288d7cb16b9794d04c3ce13040&utm_source=Dezeen%20Mail&utm_term=Asian%20cities%20overtaking

Asian cities overtaking "impossible" London and "terrible" New York in urban design, says Winy Maas

"Monster cities" in Asia including Seoul, Taipei and Jakarta are racing ahead of western counterparts in terms of architecture and urban design, says architect Winy Maas of MVRDV.

Dezeen

http://www.afr.com/real-estate/temporary-relief-sydney-vacancies-up-asking-rents-down-sqm-research-says-20170717-gxd982

Sydney vacancies up, asking rents down

Vacancies picked up and asking rents fell in the NSW capital last month, bringing some temporary relief to tenants in a market that is likely to tighten further, SQM Research says.

The Australian Financial Review