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Available rental stock in Perth dropping at a rapid rate

The Real Estate Institute of Western Australia has revealed Perth’s rental stock has been quickly absorbed, with listings falling by 17 per cent in May.

National

Politics

Property industry responds to Government housing stimulus

Overwhelming positive response to the Federal Government's HouseBuilder stimulus package across the building industry bodies.

National

The Economy

Housing values dip lower as sales recover

CoreLogic Home Value Index results for May show Australian dwelling values posted their first month-on-month decline since June last year.

National

The Economy

Quarterly housing report shows affordability improved

The REIA's quarterly report gives a snapshot of the housing industry showing a slight improvement before the effects of Coronavirus.

National

Design

Winners announced online for 2020 HIA-CSR Australian Housing Awards

Due to COVID-19 the 2020 HIA-CSR Australian Housing Awards were announced online for the first time in HIA history on 29 May, successfully showcasing the winners and finalists to a wide-reaching national audience.

New South Wales (NSW)

The Economy

REINSW calls for $2500 landlord subsidy

Landlords are suffering too, according to the REINSW and the $2500 needs to be available for them as soon as possible.

National

People

Preston auction through Openn Negotiation hits reserve in 8 days

Michael Tomadakis of Biggin & Scott Inner North partners with Openn Negotiation for outstanding auction result

National

The Economy

Vendors are seeing their properties snapped up: Market Wrap

Buyers out in force as properties sell strongly at auction or before they are due to go under the hammer, according to agents Chris Wilkins from Ray White and James Baker of McGrath Estate Agents.

National

The Economy

John McGrath – Queensland No 1 for relocations

Great weather and affordable property prices make Queensland the place to go to work remotely, according to John McGrath, founder of McGrath Estate Agents.

Victoria (Vic.)

Featured Property

Contemporary family lifestyle on the Mornington Peninsula

For sale by Candice Blanch of Impact Realty Group, who told WILLIAMS MEDIA the bespoke coastal home "epitomises class and style".

Pages

News Roundup

http://www.afr.com/real-estate/china-house-price-rises-again-defying-purchase-curbs-20170319-gv1hlf

China house price rises again, defying purchase curbs

New home prices, excluding subsidised housing, rose in February in 56 out of 70 cities, compared with 45 in January, the National Bureau of Statistics said.

The Australian Financial Review

https://www.domain.com.au/news/sydney-ranked-10th-in-world-in-mercer-quality-of-life-survey-20170315-guy89c/

Sydney ranked 10th best city in the world for quality of living

Sydney has been named the best city in Australia for quality of life and the 10th best in the world, in the Mercer survey.

Domain

http://www.afr.com/real-estate/residential/melbourne-still-top-spot-for-chinese-buyers-with-hobart-rising-20170314-guxqk9

Melbourne still top spot for Chinese buyers with Hobart rising

Despite slugging overseas buyers with a new tax hit, Melbourne remains the most sought-after location for mainland Chinese property investment.

The Australian Financial Review

http://www.theaustralian.com.au/business/property/rocks-rebellion-cracks-docksides-glassbuilding-plans/news-story/65817d91cc5349fa325b634d72331735

Rocks rebellion cracks Dockside’s glass-building plans

Residents of The Rocks in inner-city Sydney appear to have won their battle against the development of a four-storey glass building on Sydney Harbour.

The Australian

http://www.afr.com/news/policy/tax/raiding-super-for-housing-is-crazy-20170315-guyzv1

Raiding super for housing is 'crazy'

"To me it's a crazy idea that should be jumped all over because you are defeating the very purpose that you set out to achieve."

The Australian Financial Review

http://www.abc.net.au/news/2017-03-16/spit-bridge-tunnel:-$77m-earmarked-ahead-of-key-by-elections/8359658

NSW government commits $77m to Sydney Spit Bridge tunnel

The NSW has pledged $77 million to construction of a tunnel to bypass Sydney's Spit Bridge, three weeks out from the North Shore and Manly by-elections.

The ABC

http://www.afr.com/real-estate/chinas-approach-to-its-housing-boom-makes-australia-look-soft-20170314-guy76c?et_cid=29070057&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/chinas-approach-to-its-housing-boom-makes-australia-look-soft-20170314-guy76c&Email_name=MW5-03-15&Day_Sent=15032017

China's approach to its housing boom makes Australia look soft

While new housing supply is being added to by raising density levels, a policy that steers foreign buyers into 'off the plan' apartments puts them into the same space as many would-be local first-home buyers.

The Australian Financial Review

http://www.afr.com/real-estate/residential/the-xenophobic-twist-in-numbers-on-foreign-property-buyers-20170315-guyd9b?et_cid=29070057&et_rid=1925785124&Channel=Email&EmailTypeCode=&LinkName=http%3A//www.afr.com/real-estate/residential/the-xenophobic-twist-in-numbers-on-foreign-property-buyers-20170315-guyd9b&Email_name=MW5-03-15&Day_Sent=15032017

The xenophobic twist in numbers on foreign property buyers

The headline that 11% of residential property buyers in NSW are foreign citizens includes homes purchased jointly by Australian and foreign citizens or by dual citizens.

The Australian Financial Review