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Rental vacancy rates in Sydney reach their lowest point for the year

REINSW Residential Vacancy Rate report shows drop in rental vacancies has also been mirrored by areas outside the Sydney area

South Australia (SA)Adelaide

Featured Property

Stately Dulwich stone mansion with sophisticated interiors

Offering versatility across two levels of luxury, this family residence is prestigiously located in one of South Australia's most tightly-held precincts. For sale by Stephanie Williams and John Williams of Harcourts Williams.

National

The Economy

Higher auction volumes see preliminary clearance rates bounce back

A much higher number of houses going to auction saw a busy week for real estate agents

New South Wales (NSW)Sydney

The Economy

'Significant' shift in Sydney rental market as vacancies down across the board

The September REINSW Residential Vacancy Rate Report reveals Rental vacancies in Sydney have dropped to their lowest rate this year, down a substantial 0.7 per cent on August.

National

The Economy

Loans to investors and owner-occupiers continue to rise

New data from the Australian Bureau of Statistics (ABS) has revealed that home loan demand continues to rise

National

The Economy

Early signs that interest rate cuts are working, says HIA

Household lending has increased over the last quarter

New South Wales (NSW)Sydney

Featured Property

Versatile indulgence in Northern Beaches home

The exclusivity of Elanora Heights in Sydney's Northern Beaches sets the tone for this five-bedroom home for sale through Duane Hunter and Janis Campbell of Hunter Estate Agents.

Victoria (Vic.)Melbourne

Featured Property

1930's Arts and Crafts Residence in leafy Armadale

Offering generous family accommodation with ideal entertaining options, this elegant period home is for sale via Jeremy Fox and Michael Ebeling of RT Edgar Toorak.

National

Construction

Surprise increase in new build homes but we aren’t out of the woods yet

Despite an increase in the number of new home constructions, numbers are still low, according to the Housing Industry Association

Queensland (Qld)

People

Subdivision triple treat as three south-east Queensland sites go under the hammer

Both developers and builders have a hat-trick of opportunities to snap up three substantial approved residential subdivision sites going under the hammer on Thursday 31 October.

Pages

News Roundup

https://au.finance.yahoo.com/news/housing-overvalued-most-other-assets-043011238.html

Housing overvalued like most other assets

Housing is overvalued, or at least very expensive, depending on which measure you use. The problem is, so is just about everything else.

Yahoo7

http://www.smh.com.au/business/return-on-equity-for-canadian-banks-is-higher-than-australias-big-four-20161006-grwfzb.html

Return on equity for Canadian banks is higher than Australia's big four

Australia's bank bosses fronting the parliamentary inquiry have sought to play down the returns they earn by drawing a parallel with banks in Canada, another commodity economy similar in structure.

Sydney Morning Herald

http://www.abc.net.au/news/2016-10-06/victorian-crackdown-on-house-price-underquoting/7911082?section=business

Victorian crackdown on house price underquoting means national industry is on notice

A penalty against a Melbourne real estate agency for its price underquoting of houses could be a step towards a more transparent market for buyers.

ABC Online

http://www.dailymail.co.uk/news/article-3825357/The-best-Australian-homes-Chinese-millionaires-afford-buy-Welcome-Golden-Week-sales-targeting-wealthy-Asian-investors.html

The best Australian homes only Chinese millionaires can afford to buy

It's Golden Week in China, a weeklong holiday where 600 million people flee overcrowded cities on vacation, including six million headed overseas. Some of the wealthiest flock to Australia by the planeload to check out some of the country's most sought-after properties to buy as investments or holiday homes.

Daily Mail

http://www.mortgagebusiness.com.au/breaking-news/10350-big-four-made-67-9m-in-august-by-delaying-cash-cuts?utm_source=MortgageBusiness&utm_campaign=06_10_16&utm_medium=email&utm_content=1&mc_cid=ec2a284e31&mc_eid=dcacb0b85f

Big four made $67.9m by delaying August cash cuts

ANZ, Commonwealth Bank of Australia, NAB and Westpac made $67.9 million in profit on home loans in August 2016 by delaying their cuts in interest rates, a professor of economics has revealed.

Mortgage Business

http://blog.realestateview.com.au/2016/10/sydney-really-risk-property-bubble-bursting/

Is Sydney really at risk of a property bubble bursting?

According to Michael Yardney, CEO of Metropole Property Strategists, the simple answer is NO and property values are not about to collapse! Sure house prices are high compared to many parts of the world, but rising prices per se don’t cause a bubble.

realestateVIEW.com

http://architectureau.com/articles/smar-studio-among-winners-of-science-island-design-competition-in-lithuania/

Australian studio wins first place in Science Island, Lithuania design competition

Australia- and Spain-based architecture firm SMAR Architecture Studio has won an international competition to design the new 33-hectare, €25-million ($36.8-million) National Science and Innovation Centre of Lithuania in Kaunas, known as Science Island. The winners were selected anonymously and announced by Lithuania’s prime minister.

ArchitectureAU

http://www.abc.net.au/news/2016-10-05/analysts-warn-apartment-prices-can-tumble-as-building-boom/7905758

Apartment prices fell 20pc back in 2004, could history repeat?

If history is much of a guide, then the apartment building boom still has at least another 18 months to run, while the last time there was a significant oversupply in the apartment market prices tumbled up to 20 per cent.

ABC News