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Housing affordability driving Aussies to spend up big on styling

Australians are spending more money than ever on styling their homes to compensate for being unable to afford their dream home, a recent survey from ME Bank has revealed.

Victoria (Vic.)

Featured Property

A slice of Noosa on sparkling Aspendale Beach, Melbourne

Picture perfect, relaxed coastal entertaining in this absolute beachfront home. For sale by Garry Donovan and Natalie Lerpiniere of Hockingstuart.

Queensland (Qld)Brisbane

People

Get to know Gary Connolly, Head of Investments at HoldenCAPITAL Partners

Gary Connolly began his financial services career in banking, transitioned to funds management with a strong focus on property and has recently become Head of Investments at HoldenCAPITAL Partners.

Tasmania (Tas.)Hobart

The Economy

Hobart housing demand higher than anywhere in Australia

While dwelling values fall across the nation, prices in Hobart are steadily rising.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

House prices in Melbourne and Sydney tipped to fall

Housing prices are tipped to fall by as much as four per cent, a major reversal of the previously rosy forecast, according to SQM Research.

Victoria (Vic.)Melbourne

Featured Property

1854 Swallow and Ariell Biscuit Factory warehouse conversion metres from Port Melbourne beach

This seaside sanctuary with resort style amenities is for sale through David Lack and Will Jonas of Biggin & Scott Port Melbourne.

New South Wales (NSW)Sydney

Design

Winners announced for the National Trust Heritage Awards

A signature event on the Australian Heritage Festival calendar, the winners for the National Trust Heritage Awards were announced on Friday.

Western Australia (WA)Perth

People

Get to know Lee Riddell, an agent with M Residential

With a background in construction, Lee Riddell of M Residential in Perth says a brush with a well known agent in the luxury home market led him to a career in real estate.

New South Wales (NSW)Sydney

Design

Newtown factory conversion on huge corner block

This landmark family residence enjoys a flexible dual level floorplan for grand scale living and entertaining. For sale by Alister Barrett of McGrath Leichhardt.

New South Wales (NSW)Sydney

Featured Property

Character art gallery and residence just two sets of traffic lights from Sydney's CBD

Zoned B4 for mixed use, this five bedroom property with enormous exposure from Military Rd, Falcon St and Tramway Lane is for sale through Victor Kelly of Victor Kelly East Killara.

Pages

News Roundup

http://www.theaustralian.com.au/business/property/singaporean-property-giant-ascendas-lands-1bn-portfolio/story-fn9656lz-1227533889048

Singaporean property giant Ascendas lands $1bn portfolio

Singaporean property giant Ascendas has crashed Australia’s hot industrial property sector with the purchase of a $1 billion logistics portfolio from Singaporean sovereign wealth fund GIC and Frasers Property Australia.

The Australian

http://www.news.com.au/finance/real-estate/these-are-the-suburbs-where-homeowners-sell-for-much-more-just-by-going-to-auction/story-fncq3era-1227533705037

These are the suburbs where homeowners sell for much more just by going to auction

In these suburbs the median auction price far exceeds the median private treaty sale price and it’s not just in the auction crazy Sydney and Melbourne. While houses in the Melbourne suburb of Carlton had the highest difference between median auction and median private treaty price - $560,000, Brisbane, which historically is not a huge auction market came in second.

news.com.au

http://www.cbsnews.com/news/how-chinas-woes-could-boost-us-real-estate/

How China's woes could boost US real estate

Chinese have been snapping up U.S. real estate of all kinds, looking for a safer place to put their money than their own slowing economy. Investors from China are now second only to Canadians in the number of U.S. homes they buy.

CBS News

http://www.dailytelegraph.com.au/realestate/development/parramattas-promenade-no-2-development-snapped-up-at-launch/story-fnk6rorf-1227534840052

Parramatta's Promenade No. 2 development snapped up at launch

More than 100 apartments were snapped up within three and a half hours at the launch of Parramatta’s Promenade No. 2 development on Saturday. A total of 198 apartments made up the first release of the $314 million project located on the Parramatta River.

The Daily Telegraph

http://www.theadviser.com.au/breaking-news/33053-contrasting-fortunes-for-australia-s-two-biggest-auction-markets

Contrasting fortunes for Australia's two biggest auction markets

It may be too early to call time on Sydney, but Melbourne has now topped the country’s auction rankings for the third consecutive weekend.

The Adviser

https://au.finance.yahoo.com/news/100-million-zombie-homes-may-142422827.html

$100 million zombie homes may signal market top

Homes listed for $100 million or more are piling up fast, but sales have ground to a halt, leading some to call a top in the very top of the real estate market.

CNBC

http://www.architectureanddesign.com.au/news/australian-cities-transitioning-to-energy-efficien

Victoria leading Australian cities towards LED street lighting

Local councils in Brisbane, Hobart, Adelaide and Perth have converted over 200,000 street lights to smart lighting technology as part of a renewed transition towards greater sustainability and energy efficiency. Melbourne will also replace 14,000 lights with LED technology over the next five years to enhance maintenance and energy ratings.

Architecture & Design

http://www.news.com.au/finance/real-estate/land-has-become-a-lot-cheaper-in-this-part-of-australia/story-fncq3era-1227531636809

Land has become a lot cheaper in this part of Australia

Capital city land prices may continue to grow but new research has revealed prices are heading backward in regional areas. In the previous financial year land selling prices increased by 6 per cent across the combined capital cities, while across the regional markets they fell by 3.4 per cent.

news.com.au