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What can you get for Melbourne's median house price?

Latest data from the Real Estate Institute of Victoria (REIV) shows Melbourne has an average median house price of $834,000. So what can you actually buy in the city with a budget in the early eights?

Queensland (Qld)Brisbane

Featured Property

Riverfront oasis with a touch of zen

Meticulously detailed, with Asian influences throughout, this contemporary home showcases its stunning location with outdoor living areas connected to the river environment. For sale by Tyson Clarke of Queensland Sotheby’s International Realty - Brisbane Ascot.

National

The Economy

Melbourne clearance rate falls below Sydney, but Bardon home leads Brisbane market

Melbourne has overtaken Sydney as the weakest auction market, but a Bardon auction has agents hopeful about the Brisbane market.

New South Wales (NSW)Sydney

The Economy

A renter’s market, as Sydney vacancy rates rise: REINSW

It’s a renters market in Sydney, as vacancy rates rise to 2.9 per cent over October, according to figures from industry body the Real Estate Institute of New South Wales (REINSW).

International National

People

CBRE's VAS Rising Professionals program identifying property leaders of the future

CBRE's 'VAS Rising Professionals' program identifies top talent within the Valuation and Advisory Services team across the Asia Pacific.

Queensland (Qld)Sunshine Coast

Featured Property

French country manor on the Sunshine Coast

Presenting European charm with details such as rich stonework, stained glass windows and a central stone tower, this elegant residence is set on approx. four hectares with sweeping hinterland and ocean views. For sale by Michael Hatzifotis and Dimitri Platsis of Place Kangaroo Point.

National

The Economy

30 per cent drop forecast for Sydney and Melbourne, but Hobart outlook is strong: SQM Research

Sydney and Melbourne house prices could fall by as much as 30 per cent, while Hobart house prices could rise by 5 per cent, according to SQM Research Louis Christopher's Boom and Bust Report.

Queensland (Qld)

The Economy

Mortgagee sale for land estate in Gladstone

Expressions of interest are being sought on behalf of a Mortgagee for the balance of Oasis Land Estate, Kirkwood Road, Gladstone, by Ray White Special Projects Queensland.

Queensland (Qld)

People

Queensland Sotheby's International Realty appoints leading Whitsundays Principal

Queensland Sotheby's International Realty has appointed former Hamilton Island Realty Principal Wayne Singleton to head up its new operation in the Whitsundays.

New South Wales (NSW)Sydney

Featured Property

Iconic Collaroy residence: 'The Point House'

With a striking design, this luxury contemporary beach house enjoys ocean views and direct access to Collaroy Beach. For sale by Brendan Pomponio, Joshua Perry and Daniel Hindmarsh of Belle Property Dee Why.

Pages

News Roundup

https://au.news.yahoo.com/thewest/wa/a/30800035/high-praise-for-down-to-earth-pilbara-design/

High praise for down-to-earth Pilbara design

This rammed earth wall in the Pilbara is the longest of its kind in Australia and probably, the architects say, the longest in the Southern Hemisphere. Now the 230m wall has been selected as a finalist in the WA architecture awards selected by the Australian Institute of Architects.

The West Australian

http://www.afr.com/real-estate/residential#ixzz3ztcLfPih

Mirvac warns on residential and commercial property

The Mirvac CEO says residential property market has passed an inflection point but expects the residential division to bring better results in the second half.

The Australian Financial Review

http://www.abc.net.au/news/2016-02-10/development-group-pushes-for-action-on-housing-plans/7154262

Development group pushes for action on housing plans

The Hunter region branch of a development lobby group has called on the New South Wales Government to create a body to oversee the implementation of the Hunter regional plan. The Government released a draft of the plan in November 2015, and the NSW Parliamentary Secretary for the Hunter, Scot MacDonald, will attend a meeting of the Hunter branch of the Urban Development Institute of Australia today.

ABC News

http://www.moneymorning.com.au/20160210/good-signs-for-australian-construction-as-borals-profits-jump-23-cw.html

Good Signs for Australian Construction As Boral's Profits Jump 23%

Boral reported a 23% increase in NPAT. Revenues increased to $137 million.

Money Morning Australia

http://www.businessinsider.com.au/feng-shui-in-australian-property-2016-2

Australian developers are using feng shui to lure Chinese foreign buyers

Australian developers are using feng shui elements in new building designs to attract Chinese consumers. Incorporating feng shui – the ancient Chinese art of designing spaces to balance energies between living space and body – has become an increasing selling point in recent years, with Chinese homebuyers willing to pay more for a home which promises good energy.

Business Insider Australia

http://www.afr.com/real-estate/residential#ixzz3zk9P7IfE

Struggling homebuilder Simonds not going private 'at this stage', Gary Simonds says

Chairman Gary Simonds, who remains the largest shareholder of Simonds Group says he has no plans to buy back shares and delist the company he founded in 1949.

The Australian Financial Review

http://www.afr.com/real-estate/residential#ixzz3zccP7B4m

Buildcorp looks at other sectors to attract more women

Buildcorp principal Josephine Sukkar last month hired a former nurse as a project manager. It sounds strange, but it's not unusual, Sukkar says.

The Australian Financial Review

http://www.news.com.au/finance/markets/australian-markets/australian-market-smashed-at-open/news-story/d89ac968c13839cac782baaef0fde36f

ASX200 facing biggest drop in four months

Renewed fears about slowing global growth have wiped more than $40 billion off the value of the Australian share market, which is on course for its biggest fall in more than four months.

news.com.au