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Featured Property

Tree-changers snap up tranquil hinterland property ‘Maia’

Sold by Ed Cherry of Sophie Carter Exclusive Properties, who told WILLIAMS MEDIA, “There was a lot of interest from people seeking a lifestyle acreage property.”

Victoria (Vic.)Melbourne

Featured Property

“Great result” for Glen Iris family home sold via Zoom auction

The picture-perfect Hamptons style home was sold by Andrew Smith and Celeste Wright of Kay & Burton.

New South Wales (NSW)

Featured Property

“Highest ever prices being achieved in prestige Northern NSW/Southern GC market”

Sophie Carter of Sophie Carter Exclusive Properties told WILLIAMS MEDIA “This section of the market is thriving at the moment.”

Queensland (Qld)Gold Coast

Featured Property

Large family home sold in Elanora, QLD: REAL Specialists

Plenty of interest in 38 Forest Drive, Elanora sold by Steve Rogers of REAL Specialists.

National

The Economy

Will rental moratorium be extended Australia-wide?

WILLIAMS MEDIA asked the real estate institutes from each state and territory what is happening in their rental market, after Victoria's eviction moratorium was extended to the end of the year.

Western Australia (WA)Perth

The Economy

REIWA reports 12 year low for Perth's vacancy rate

The Perth market is experiencing the lowest rental vacancy rates since 2008, according to REIWA.

Queensland (Qld)Gold Coast

Featured Property

Waterfront Gold Coast luxury, just off Main River

For sale by Jordan Williams of JW Prestige Agents, who told WILLIAMS MEDIA, “Homes of this calibre don't come on the market often.”

Queensland (Qld)Brisbane

Featured Property

Historic Corinda mansion c1883 Lynne Grove House for sale - Sotheby’s

147 Lynne Grove Avenue Corinda for sale by Gabrielle Baker of Queensland Sotheby's International Realty has stood the test of time for over 140 years.

National

The Economy

Illawarra and regional Tasmania experience highest growth: CoreLogic

CoreLogic's latest quarterly regional review uncovers units in regional Tasmania showing highest growth along with Illawarra a standout performer across the housing market.

New South Wales (NSW)

The Economy

Outer Sydney sees sharp vacancy increase as inner city eases

REINSW has released its Vacancy Rate Survey results showing a large increase in outer Sydney suburbs.

Pages

News Roundup

http://www.afr.com/real-estate/residential/vic/downsizers-pay-15m-in-cash-to-settle-toorak-apartments-20170511-gw2x15

Downsizes pay cash for apartments

Wealthy Melbourne downsizers are using the windfalls earned from selling their suburban homes to settle new apartment purchases with cash, highlighting the polarities in the market.

The Australian Financial Review

https://www.nytimes.com/2017/05/15/business/avocado-toast-millennials.html?_r=0

Fact-Checking a Mogul’s Claims About Avocado Toast, Millennials and Home Buying

Millennials have enough problems as it is. Must they give up their avocado toast, too?

The New York Times

http://www.smh.com.au/business/property/australian-property-cheap-for-chinese-buyers-credit-suisse-20170323-gv5ets.html

Chinese buyers to prop up Australian housing market: Credit Suisse

Foreign buyers are purchasing new housing in NSW and Victoria at a rate of $8 billion a year - or one in five new homes completed across the two states.

The Sydney Morning Herald

http://www.afr.com/real-estate/save-the-city-for-offices-melbournes-lord-mayor-20170515-gw5bkk

Save the city for offices: Melbourne's Lord Mayor

Residential towers are threatening to crowd out much-needed commercial development in the Melbourne CBD.

The Australian Financial Review

http://www.afr.com/real-estate/residential/torontos-redhot-housing-market-seen-stoked-by-new-rent-controls-20170515-gw5it0

Toronto's red-hot housing market seen stoked by new rent controls

Toronto's trying to make it more affordable to rent in one of the world's hottest housing markets. New measures may have the opposite effect.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/housing-demand-on-the-wane-as-supply-builds-corelogic-data-show/news-story/de08b4143650d5bb9e0bdbd9b21f3ee9

Housing demand on the wane as supply builds, CoreLogic

In Australia’s capital cities, 4.4 months’ worth of properties are for sale, more than has been at this time of year since 2012, says CoreLogic.

The Australian

http://www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29077769&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/negative-gearing--scalpel-will-cool-apartment-demand-experts-20170512-gw3xb5%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-05-15&Day_Sent=15052017

Negative gearing 'scalpel' will cool apartment demand

Owners of any property not bought brand new will no longer be able to depreciate items like air-conditioners, cooktops and dishwashers, a move that could lower prices for apartments on the secondary market.

The Australian Financial Review

http://thenewdaily.com.au/money/property/2017/05/12/underquoting/

Nobody in real estate thinks new laws will end underquoting

Underquoting looks set to continue despite moves in Victoria and New South Wales to clamp down on the practice.

The New Daily