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First Home Owner Scheme officially legislated

The Bill to allow first home buyers easier access to the property market has now been passed in both the upper and lower houses.

New South Wales (NSW)

Design

Winners announced at 2019 NSW Country Division Awards for architectural excellence

The results of great inspiration were rewarded at the latest Australian Institute of Architects’ NSW Country Division Awards recently.

New South Wales (NSW)

Featured Property

North Point Residence: luxurious beachfront oasis

This designer home features a parent's retreat, complete with marble ensuite, lounge, and gym, known as the 'Round House'. For sale by Nick Witheriff and Carol Witheriff of LJ Hooker Kingscliff.

New South Wales (NSW)Sydney

People

McGrath grows Sydney’s northside footprint into Castle Cove

Craig and Sharon Ireson join the company to expand its presence in Lower North Shore – considered one of the most desirable precincts in Australia.

National

The Economy

Increase in supply leads to sluggish rental markets with national rents down -0.1 per cent in September

Adelaide shines as the only capital city to record a month on month rise in rents, says CoreLogic report

Victoria (Vic.)

Construction

Civil construction recommences on new stages of $700 million housing development outside Melbourne

Waterways, forest and golf-course make estate one of the most exciting developments in Australia

Victoria (Vic.)

Featured Property

Historic Rutherglen 1889 Italianate estate 'Fairfield'

Once the largest winery in the southern hemisphere and forever associated with the emergence of wine making in Victoria, the historic Italianate mansion,Fairfield' is for sale by Warwick Anderson and Holly Gillam of RT Edgar Toorak.

Queensland (Qld)

New leader for Belle Property Samford

The South-East Queensland based agency has a new owner, Leigh Hutton

Tasmania (Tas.)

People

All the winners from the Tasmanian 2019 REIT Awards for Excellence announced

Saturday night was the pinnacle for real estate agents in Tasmania where outstanding achievements were rewarded

National

The Economy

Peak housing body supports First Home Loan Deposit Scheme

The Housing Industry Association (HIA) welcomes the move by the Senate to pass legislation to support first home buyers

Pages

News Roundup

http://www.theaustralian.com.au/business/financial-services/moodys-warns-of-rising-threat-to-banks-from-patchy-commercial-real-estate-market/news-story/b237764eedde5d14ea6bdabb81d2d3f5

Rising threat to banks from patchy commercial real estate market: Moody’s

The risks confronting Australia’s big banks are on the rise as the office property market slows and the threat of an apartment glut grows, says ratings agency Moody’s.

The Australian

http://thenewdaily.com.au/money/property/2016/10/09/borrowers-fake-numbers-home-loan/?utm_source=Responsys&utm_medium=email&utm_campaign=20161010_TND

How borrowers, brokers fudge numbers to get a home loan

Almost one in every three home borrowers lies about their financial circumstances to lenders, according to a survey.

The New Daily

http://www.domain.com.au/news/fears-china-property-bubble-could-cost-banks-800-billion-20161009-gryfg5/

Fears China property bubble could cost banks $800 billion

China watchers are starting to put a price tag on the cost to banks of a collapse in the nation’s red-hot property market.

Domain

http://www.afr.com/real-estate/hilarious-gumtree-ad-offers-up-financial-black-hole-for-rent-in-medina-20161007-grxl6g

Hilarious Gumtree ad offers up 'financial black hole for rent'

A Perth couple desperate to rent their home have posted a hilarious ad on Gumtree begging people to move into their "financial black hole".

The Australian Financial Review

http://thenewdaily.com.au/money/property/2016/10/06/first-home-buyers-abs-correction/?utm_source=Responsys&utm_medium=email&utm_campaign=20161007_TND

ABS housing mix-up highlights much bigger problem

An ABS data revision, and the ensuing media storm, has renewed focus on how hard it is to save for a home.

The New Daily

http://www.theaustralian.com.au/news/nation/10-million-plus-mansions-boom-as-sales-triple-in-five-years/news-story/de2c934c9faa37c1a1880cd9960ba8e6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A%20TheAustralianProperty%20%28The%20Australian%20%7C%20Property%29

$10 million plus mansions boom, as sales triple in five years

Mansion sales in Australia have risen threefold in five years with more than 130 homes selling above $10m in the year to 31 August, driven by the surge of Chinese buyers, low interest rates and economic resurgence in NSW and Victoria.

The Australian

http://www.huffingtonpost.com.au/entry/trump-australia-asia_us_57f8306ce4b0e655eab46ff4

A Trump Presidency Could Be Disastrous For Australia

Former Australian Defense Minister Kim Beazley is concerned about the US presidential nominee’s China plans.

The Huffington Post Australia

http://www.news.com.au/finance/real-estate/buying/chinese-upgraders-adding-new-twist-to-real-estate-boom/news-story/0e1c604cb16dd1f29ecdce69d2a2a6d9

Chinese ‘upgraders’ adding new twist to real estate boom

Thousands of families from the first wave of Chinese property buyers are ditching their off-the-plan apartments for houses and terraces.

news.com.au