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Housing continues its record run - REIA

The November 2020 Lending to Households and Business figures released today by the ABS show that the value of new loan commitments for housing grew for the sixth consecutive month and reached a record high, according to the Real Estate Institute of Australia (REIA).

Queensland (Qld)Brisbane

People

Place Expands Brisbane network with new Springwood Office

Place Estate Agents are excited to announce the official opening of Place Springwood, headed by experienced agent and leader, Michael Lanskey.

National

People

5 Prospecting Tips to kickstart your 2021 real estate goals

Prospecting is an ever-popular topic  in the real estate community, but according to Dan Spencer, managing director of Activate Growth, agents are making it more difficult for themselves, than what it needs to be.

National

The Economy

Housing market ready to be put to the test in 2021 - REIA

Australia’s housing market recorded respectable growth over 2020 and with limited stock and strong demand, 2021 should see further price increases, Real Estate Institute of Australia President Adrian Kelly said.

Queensland (Qld)Brisbane

The Economy

Clearance Rates hit all-time high at Place

Place has experienced weekly auction clearance rates consistently over 90% across Brisbane in the post-COVID market.

Queensland (Qld)Brisbane

People

Get to know Michael Garcia, Place Woolloongabba's new Business Development Manager

Michael joins Place Estate Agents Woolloongabba office with a mission to succeed in developing the brand and business.

National

The Economy

MYEFO points to gains for the property market prompted by quicker economic recovery

REIA says Mid Year Economic Forecast Outlook is positive news for both the economy and the property sector

South Australia (SA)

Featured Property

Kangaroo Island clifftop home expected to sell for the first time in more than 100 years - Cullen Royle

Rocky Point on Kangaroo Island South Australia is for sale by Deborah Cullen of Cullen Royle.

Queensland (Qld)Brisbane

The Economy

McGrath attracts high-performers to further grow its Brisbane footprint

McGrath’s Head of Sales, Michael Murray, said that the company was focused on further growing its footprint in the important Brisbane market.

International

Markets

Featured Property

Tiny glamping getaway sells for $400k in New Zealand

A rare bush block in Coromandel Peninsula of Waikato, New Zealand has been snapped up for $400,000 via online sales platform Openn Negotiation.

Pages

News Roundup

https://sourceable.net/more-apartment-glass-reins-down-on-melbourne-street/

Apartment Glass Rains Down on Melbourne Street

Glass from an apartment building has rained down on yet another Melbourne Street as debate rages over the issue of exploding glass.

Source able

http://thenewdaily.com.au/money/superannuation/2017/08/09/home-save-scheme-may-eat-super/?utm_source=Responsys&utm_medium=email&utm_campaign=20170810_TND

Home saver scheme may eat into your super before buying you a house

The government’s plan to allow first home buyers to use up to $30,000 of superannuation savings for a housing deposit could drain super accounts and cost savers more than using a bank account.

The New Daily

https://www.smartpropertyinvestment.com.au/news/16504-studio-apartments-proving-popular-for-property-owners?utm_source=SmartPropertyInvestment&utm_campaign=10_08_17&utm_medium=email&utm_content=2

Studio apartments proving popular for property owners

Studio apartments were once considered the lowly cousin of the one-bedroom, but today they are well-suited for the mature downsizer or young adults struggling to get a foot on the property ladder.

Smart Property Investment

http://www.afr.com/real-estate/cba-housing-debt-wa-elevated-home-loan-arrears-double-the-national-rate-20170809-gxsafb

CBA housing debt: WA 'elevated' home loan arrears double the national rate

WA leads the country in terms of problem home loans for CBA, with a 1.23% arrears rate that is twice the national average.

The Australian Financial Review

http://www.afr.com/news/politics/energy-retailers-hit-with-more-paperwork-for-customers-20170809-gxsa4u

Energy retailers hit with more paperwork for customers

Energy retailers will be required to tell households when they are coming to the end of a discount period.

The Australian Financial Review

https://www.mortgagebusiness.com.au/breaking-news/11361-entry-requirements-for-broking-too-low?utm_source=MortgageBusiness&utm_campaign=MBDaily%20bulletin09_08_17&utm_medium=email&utm_content=4

Entry requirements for broking ‘too low’

If brokers want to be held in the same light as solicitors and accountants, they need to be educated accordingly, says Brady Henley, MD One Plus One Financial Solutions.

Mortgage Business

http://www.afr.com/real-estate/flammable-cladding-used-on-buildings-far-and-wide-20170808-gxri8q

Flammable cladding in Grenfell Tower disaster found on buildings far and wide

For decades, architects and developers have put cheap, highly flammable wall panels on the exteriors of multi-storey buildings.

The Australian Financial Review

http://www.smh.com.au/business/property/that-whoosh-its-the-great-chinese-property-pullback-20170807-gxrfbc.html

That whoosh? It's the Great Chinese Property Pullback

Capital centres globally should brace for tumbling real-estate prices as Beijing makes it tougher to get money out of China, and amid increasing foreign-government scrutiny.

The Sydney Morning Herald