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Featured Property

Buyer purchases Tuscan style apartment for his wife to create art

The buyer loved this building so much he purchased all 3 apartments in the building. Sold by Chelsie Cargill and Alex Schiavo of Kay & Burton.

New South Wales (NSW)

Featured Property

Stunning Southern Highlands estate on 65 acres for sale: The Agency

Horse lovers take note of this outstanding French inspired farmhouse with Olympic sized arena and stabling for six horses, nestled in beautiful Berrima, for sale through Ben Olofsen and Cameron McKillop of The Agency.

Queensland (Qld)Brisbane

Featured Property

Husband buys Norman Park home while wife is away on girls’ weekend

The magnificent Queenslander with city views was sold sold on first open home after 3 days on the market by Shane Hicks of Place Bulimba.

Victoria (Vic.)

People

Real estate stars shine in Victoria at REIV awards online

The 2020 REIV Awards for Excellence and Commercial & Industrial Marketing Awards were held online due to COVID-19 this year with innovation being a strong theme.

Tasmania (Tas.)

The Economy

Market activity returns to pre-COVID-19 levels in Tasmania: REIT

The REIT's September Quarterly Report shows market activity is on target to achieve a ninth successive record year.

New South Wales (NSW)

Featured Property

Rustic Country Charm and Refined Contemporary Style for sale: The Agency

This property offers the best of both worlds with all the charm of a country home and convenience of modern living, for sale through Ben Olofsen and Cameron McKillop of The Agency.

Western Australia (WA)Perth

The Economy

Perth hits rental crisis as vacancy rate plummets below one per cent - REIWA

REIWA President Damian Collins said the vacancy rate is tracking to potentially reach the lowest we have seen which was 0.8 per cent in March 2007.

National

The Economy

As state borders open we need to remain vigilant: REIA

While no incidences of COVID-19 have occurred in the real estate industry, REIA president Adrian Kelly states we need to continue safe practices.

Western Australia (WA)

Featured Property

Historic WA deceased estate hotel for sale through Ray White

Freehold interest on this 120 year old hotel and two retail shops for sale through Phil Zoiti of Ray White Commercial (WA).

Western Australia (WA)

Construction

Featured Property

Historic Pilbara town for sale - LJH

Western Australia’s Government seeking proposals for a deserted Pilbara township for sale by Vincent Siciliano and Anna Guillesser of LJ Hooker.

Pages

News Roundup

https://www.mortgagebusiness.com.au/breaking-news/11244-offset-accounts-in-the-hands-of-the-wealthy?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin05_07_17&utm_medium=email&utm_content=1

‘Wealthy minority’: offset mortgages balance debt boom

Rich Australians with mortgage offset accounts are balancing out the nation’s record household debt levels, but poorer borrowers on interest-only mortgages are facing increasing risks, according to Morningstar.

Mortgage Business

https://www.domain.com.au/news/interest-rate-hikes-how-an-rba-increase-would-affect-your-mortgage-repayment-20170704-gx408i/

How an RBA increase would affect your mortgage repayment

For Australia’s indebted property owners, a rise in the case rate could mean paying hundreds of dollars more in repayments every month.

Domain

http://www.theaustralian.com.au/business/property/morrison-national-property-market-in-for-soft-landing-not-a-crash/news-story/3201d9085fee2ce1f77761a75749de54

Morrison: national property market in for soft landing, not a crash

Scott Morrison says the national housing market has “swung back in favour” of owner-occupiers, as new figures reveal the market is not headed for a crash.

The Australian

http://www.afr.com/real-estate/parramatta-penthouse-sells-for-record-3325-million-20170704-gx47ju?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29085022&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/parramatta-penthouse-sells-for-record-3325-million-20170704-gx47ju%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-07-05&Day_Sent=05072017

Parramatta penthouse sells for record $3.3 million

A western Sydney businessman and his wife have snapped up a penthouse in Sydney's Parramatta for $3.325m, setting a record land rate of $17,500 a square metre, a level usually reserved for inner city properties.

The Australian Financial Review

http://thenewdaily.com.au/money/property/2017/07/04/rising-rates/?utm_source=Responsys&utm_medium=email&utm_campaign=20170705_TND

Banks do what RBA won’t: hike interest rates

The RBA held the cash rate at 1.5% for the tenth time on Tuesday; it hasn’t moved since a 25bp cut in August 2016. The gap between the RBA rate and the standard rate banks quote mortgage borrowers is the widest in 20 years.

The New Daily

http://www.theaustralian.com.au/business/property/chinese-developers-active-in-sydney-deals/news-story/818affb8f6cb7b863e5451ef5860cc65

Chinese developers active in Sydney deals

Chinese developers have been active in the Sydney property market with ASX-listed group Boyuan Holdings buying a pub in Penrith and Maville Group selling in Waterloo.

The Australian

http://www.afr.com/real-estate/residential/incentives-on-the-rise-in-fractured-apartment-market-20170703-gx3d09

Incentives on the rise in 'fractured' apartment market

Malaysian real estate giant Mulpha is offering a $80,000 furniture package to penthouse purchasers.

The Australian Financial Review

http://www.afr.com/personal-finance/westpac-rejigs-property-loans-to-attract-cashedup-buyers-20170703-gx4092

Westpac rejigs property loans to attract cashed-up buyers

Westpac has launched an aggressive push into the residential investment property market with a fixed rate offer below 4% as other lenders lift rates.

The Australian Financial Review