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Unit market outperformed houses in weekend auction

This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to market returning a preliminary clearance rate of 59.1 per cent.

National

The Economy

What effect does political change have on the property market?

Malcolm Gunning, President of the Real Estate Institute of Australia (REIA), and Leonard Teplin, Director of Marshall White debate the potential implications the most recent leadership spill could have for the residential property market.

Queensland (Qld)Brisbane

People

Get to know Kelly Qualtrough of Queensland Sotheby's International Realty - Brisbane Ascot

Kelly Qualtrough of Queensland Sotheby's International Realty - Brisbane Ascot once sold a home with so much junk the buyers couldn’t even get into the bedrooms.

Victoria (Vic.)Melbourne

Featured Property

Striking distillery warehouse conversion circa 1889

The three-level Richmond residence features exposed industrial elements and an expansive timber deck for entertaining. For sale by Elliot Gill and Charles Boyd of Jellis Craig Richmond.

South Australia (SA)Adelaide

The Economy

Adelaide best performing capital city

Grant Giordano of South Australia Sotheby's International Realty and Jordan Begley of Toop & Toop Norwood discuss the Adelaide property market, as CoreLogic statistics show Adelaide is the best performing capital city in terms of change in dwelling values.

National

People

What to ask real estate agents in job interviews, and the answers you want to hear

Virginia Brookes of Resolver Recruitment discusses the questions employers should ask pontial real estate agents, and the answers they should expect.

Victoria (Vic.)Melbourne

People

Get to know Justine Harris, senior sales consultant at RT Edgar Toorak

Justine Harris of RT Edgar Toorak discusses one of the most interesting properties she has sold, an old pub conversion.

Queensland (Qld)Sunshine Coast

Featured Property

Striking Noosa hinterland home feels like being ‘on top of the world’

This relaxed Palms Springs style home was a winner at the 2018 Master Builders Sunshine Coast Housing and Construction Awards. For sale by Rachel Sellman of Century 21 Conolly Hay Group Noosa Heads.

Victoria (Vic.)Melbourne

The Economy

Fears Melbourne's housing shortage could spark affordability crisis

An undersupply of housing could lead to a housing affordability crisis in Melbourne, finds a report, as Bernard Salt predicts Melbourne's population will shoot past five million by 2021.

National

Design

Non-bank funding is the ‘new black’ in the development sector and it’s here to stay

Gary Connolly, head of investments at HoldenCAPITAL Partners discusses how sophisticated investors can benefit from the gap left by the major banks significant level of retraction.

Pages

News Roundup

https://sourceable.net/time-ditch-great-australian-housing-dream/#

Is it time to ditch the great Australian housing dream?

Australian millennials may need to abandon the long-cherished dream of occupying their own detached, single-family dwelling on a quarter-acre block.

Sourceable

http://www.yourinvestmentpropertymag.com.au/news/ato-demands-decades-of-property-records-in-foreign-buyer-investigation-209697.aspx

ATO demands decades of property records in foreign buyer investigation

The Australian Tax Office has asked revenue and land title authorities from all states to provide information from between 1985 and 2017 in an attempt to discover illegal purchases.

Your Investment Property

http://www.afr.com/real-estate/residential#ixzz3tmPvUyjF

Melbourne's hidden vacant homes surge

Nearly one-fifth of all residential properties owned by investors in Melbourne lie vacant, held by landlords who do not occupy them or put them onto the rental market.

The Australian Financial Review

https://au.finance.yahoo.com/news/melbourne-edges-out-sydney-on-property-returns-221410614.html

Melbourne edges out Sydney on property returns

Sydney may be a clear winner in property prices, but when it comes to real estate investment, Melbourne has the edge. Melbourne's eastern suburbs, which includes Glen Waverley, Dandenong, Blackburn and Box Hill, average 13.9 per cent total return annually since 2002, says an analysis by Investment firm Portfolio Management Services.

Yahoo 7 News

http://www.couriermail.com.au/questnews/southwest/ipswich-couple-donates-rental-property-for-six-months-a-year-as-refuge-for-dv-victims/news-story/36be01ddf982ac7a7dd3abcb540d014d

Ipswich couple donates rental property for six months a year as refuge for DV victims

Ipswich locals are opening their homes to victims of domestic violence as refuges in southeast Queensland remain at capacity. The Ipswich Domestic Violence Action Centre wants to hear from locals who could offer their rental properties as a refuge, but would need to look at each on a case-by-case basis.

The Courier Mail

http://www.yourinvestmentpropertymag.com.au/news/changing-conditions-slow-chinese-interest-in-australian-real-estate-209672.aspx

Changing conditions slow Chinese interest in Australian real estate

Chinese interest in Australian real estate has pulled back over 2015 according to the head of a major real estate franchise.

Your Investment Property

http://www.smh.com.au/money/ask-an-expert/how-to-be-mortgagefree-by-retirement-20151202-gldana.html

How to be mortgage-free by retirement

Advice from Money columnist Noel Whittaker.

Sydney Morning Herald

http://www.theaustralian.com.au/business/opinion/robert-gottliebsen/commonwealth-bank-sees-danger-in-low-auction-clearances/news-story/0405f20911ffcfbf92187dc0ec8eba22

Commonwealth Bank sees danger in low auction clearances

An email from the Commonwealth Bank to private clients issued a danger warning that recent low clearance rates are a possible signal of a significant change in the economy.

The Australian