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Addressing housing issues should be a priority for re-elected McGowan Government REIWA

REIWA congratulates Mark McGowan and the Western Australian Labor Party on their 2021 WA Election victory but calls for more to be done to address the housing issues facing the state. REIWA President Damian Collins said the Institute was disappointed the housing market wasn’t a priority for the McGowan Government’s 2021 election campaign.

Queensland (Qld)Brisbane

Featured Property

Landmark 1900's Paddington Queenslander presenting as a brand new home – Ray White

The home’s meticulous architectural transformation has considered a family’s ‘every conceivable need’. For sale by Christine Rudolph of Ray White New Farm.

Queensland (Qld)Brisbane

Featured Property

Award-winning Joe Reggi riverfront property with skyline views

For sale via Heath Williams of Place New Farm, who told WILLIAMS MEDIA, “The home makes you feel like you’re on the water...”

Victoria (Vic.)Melbourne

Featured Property

1920s St Kilda residence with colourful reinvention - The Agency

The vibrant home is for sale by Sam Hobbs and Justin Reed of The Agency.

Queensland (Qld)Brisbane

People

Get to know Heath Williams of Place New Farm

Heath Williams' background as an interior designer enables him to provide valuable insights to both buyers and sellers.

National

The Economy

Strong market confidence carries new home sales into 2021 - HIA

The HIA New Home Sales report, a monthly survey of the largest volume home builders in the five largest states, is a leading indicator of future detached home construction.

Queensland (Qld)Brisbane

People

David Price joins The Agency as Queensland General Manager to spearhead expansion

As The Agency continues to roll out its national expansion strategy, highly experienced real estate professional David Price has joined the team as General Manager of Queensland.

New South Wales (NSW)Sydney

People

DiJones secures leading MarTech expert Grant Gordon

DiJones has stamped its authority as a trailblazer in MarTech Comms with the appointment of Grant Gordon to the newly created strategic role of Head of Brand and MarTech.

Queensland (Qld)Brisbane

The Economy

Clearance rates continue to strengthen across Brisbane - Place

Place has experienced strong clearance rates nearing 100% as Brisbane continues its stellar run.

New South Wales (NSW)Sydney

The Economy

Sydney property values reach new record high - CoreLogic

CoreLogic today announced Sydney property values have recovered to be beyond their earlier 2017 peak.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/knight-frank-unveils-buildtorent-division-plans/news-story/925728f48acef7f4bde36e3510c9e2a1

Knight Frank unveils build-to-rent division plans

Knight Frank has launched a new residential investments division to focus on the build-to-rent sector in Australia.

The Australian

http://www.architectureanddesign.com.au/news/brisbane-s-princess-alexandra-hospital-to-have-fla

Brisbane’s Princess Alexandra Hospital to have cladding removed

It could take until early 2019 to completely remove and replace all the external façade cladding on the Princess Alexandra Hospital, which has been identified as being potentially flammable.

Architecture and Design

http://www.news.com.au/finance/economy/australian-economy/issuing-new-loans-against-unrealised-capital-gains-has-created-an-australian-house-of-cards/news-story/853e540ce0a8ed95d5881a730b6ed2c9

Issuing new loans against unrealised capital gains has created an Australian ‘house of cards’

The Australian mortgage market has “ballooned” due to banks issuing new loans against unrealised capital gains of existing investment properties, creating a $1.7 trillion “house of cards”, warns “The Big Rort” report by LF Economics founder Lindsay David.

news.com.au

http://www.theaustralian.com.au/business/property/malaysian-developer-uem-sunrise-unveils-new-melbourne-project/news-story/e920ed5ac61487ad7429a579ae8d4d2e

Foreign banks fill buyer void

Foreign-owned banks are stepping in to lend to offshore buyers of residential property in Australia as local banks continue to pull back, says Raymond Cheah, director of Malaysian developer UEM Sunrise.

The Australian

http://www.afr.com/markets/equity-markets/the-economy-is-not-strong-wages-remain-weak-and-rates-will-stay-on-hold-20170906-gybpl4

The economy is not strong, rates will stay on hold

Wages growth is weak and household debt remains high. GDP numbers were propped up by government spending.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11456-supply-demand-mismatch-remains-acute?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin06_09_17&utm_medium=email&utm_content=2

Supply-demand mismatch ‘remains acute’

The HIA says land price increases are “unrelenting”, and are the single biggest factor behind deteriorations in housing affordability.

Mortgage Business

https://www.mortgagebusiness.com.au/breaking-news/11455-apra-limits-extraordinarily-successful?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin06_09_17&utm_medium=email&utm_content=1

APRA limits ‘extraordinarily successful’

Residential building is “on the threshold of a sharp decline”, courtesy of an “extraordinarily successful regulatory intervention” to discourage investors, says BIS Oxford Economics.

Mortgage Business

http://www.afr.com/real-estate/sydney-listings-up-124pc-on-last-year-point-to-slower-spring-sqm-research-20170905-gybbcs?eid=Email%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06/09/2016-BeforeTheBell-dom-business-nnn-afr-u&et_cid=29094035&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/sydney-listings-up-124pc-on-last-year-point-to-slower-spring-sqm-research-20170905-gybbcs%3Feid%3DEmail%3Annn-16OMN00049-ret_newsl-membereng%3Annn-06%252F09%252F2016-BeforeTheBell-dom-business-nnn-afr-u&Email_name=BTB-09-06&Day_Sent=06092017

Sydney listings up 12.4% on last year, point to slower spring: SQM

Sydney listings rose 5% in August, pointing to a "normal" spring market with higher stock levels that will lower auction clearance rates and flatten price growth, SQM managing director Louis Christopher said.

The Sydney Morning Herald