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Featured Property

East Melbourne's “residence in the sky”

Due for completion in the second quarter of 2018, this apartment represents a scarce opportunity within a new Melbourne landmark, for sale through Sam Nathan and Brett Jarvis of NPM.

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

The Economy

Sydney buyers "empowered" as cycle turns: Glenn Curran, McGrath

Sydney's auction numbers outperformed Melbourne's last week, a trend the market hasn't observed for some time, says CoreLogic.

Victoria (Vic.)Melbourne

Owners

Melbourne's Stonington mansion sells for record $52.5 million

Toorak's Stonington mansion has set a new record for the most expensive home in Melbourne.

Queensland (Qld)Brisbane

Politics

Convict-era bridge uncovered in upgrade of major Brisbane road

Workers on Brisbane's Kingsford Smith Drive have made the "surprise discovery" of a convict-era bridge, and work is now underway to determine how best to preserve the important historic relic.

South Australia (SA)Adelaide

Featured Property

'Grandview House' blends 1920s character with contemporary style

This picturesque family residence in prestige, leafy Toorak Gardens is for sale through Sally Cameron of Toop & Toop Hyde Park Goodwood.

National

The Economy

"Vast majority" of Australians say home ownership best path to financial security: Westpac

Home ownership is still fundamentally important to Australians, especially those with an Asian heritage, according to The Westpac Ipsos Housing Affordability Research Report.

Queensland (Qld)Gold Coast

People

Lisa Halpin to head up new North Gold Coast office for Queensland Sotheby's

Queensland Sotheby's is continuing its expansion in Queensland with the opening of a new North Gold Coast office.

New South Wales (NSW)Sydney

People

Three-bedroom, park-side terrace secures $3m+ Alexandria record

Well designed, larger inner-city homes are highly sought after, and attracting record prices.

New South Wales (NSW)Sydney

Featured Property

Breathtaking Cremorne waterfront sanctuary that combines rustic and refined

This Cremorne home is an eclectic mix of rustic styling with a refined architectural sensibility. For sale via Michael Coombs and Adrian Bridges of McGrath Mosman.

National

The Economy

Zetland rated worst suburb in top 100 oversupply zones: Riskwise

Property risk analysis company, Riskwise, has identified five factors that increase the risk of an off-the-plan investment.

Pages

News Roundup

http://www.wsj.com/articles/australia-weighs-steps-to-rein-in-sydney-property-1437631685

Australia Weighs Steps to Rein in Sydney Property

Fast-rising house prices are prompting regulators in New Zealand and Australia to try, or consider, measures to prick nascent bubbles in single cities, an unusual move for any country.

The Wall Street Journal

http://www.theaustralian.com.au/business/property/morgan-stanleys-investa-exit-the-countdown-begins/story-fnko7zi0-1227454514389

Morgan Stanley's Investa exit: the countdown begins

Morgan Stanley has entered the final and potentially most turbulent stage of its exit from Investa Property Group, the $8.9 billion real estate empire it acquired shortly before the global financial crisis erupted in 2007.

The Australian

http://www.probonoaustralia.com.au/news/2015/07/morrison-acknowledges-housing-stress

Morrison acknowledges housing stress

Housing failures are at the centre of most social service challenges in Australia, the Federal Social Service Minister Scott Morrison warned in a speech in Melbourne on Wednesday.

Pro Bono Australia

http://www.theaustralian.com.au/business/property/hong-kongs-euro-properties-hones-in-on-sydney-market/story-fn9656lz-1227453069508

Hong Kong's Euro Properties hones in on Sydney market

Hong Kong-based developer Euro Properties is shaping up to be the next offshore player making a splash in Sydney’s property market as it runs the ruler over two of the city’s most sought after assets.

The Australian

https://www.mywealth.commbank.com.au/property/how-does-foreign-investment-in-australian-residential-property-w-infocus201507

How does foreign investment in Australian residential property work?

Over the past few months there’s been plenty of discussion around overseas buyers investing in Australian residential real estate, how this could affect supply and demand in the future and what that might mean for local property prices.

CommBank My Wealth

http://www.dailytelegraph.com.au/realestate/news/growth-in-sydney-property-prices-to-continue-at-modest-pace-as-housing-boom-comes-off-the-boil/story-fni0cly6-1227452541613

Growth in Sydney property prices to continue at modest pace as housing boom comes off the boil

NSW’s strengthening economy and rising levels of migration will ensure Sydney property prices continue growing in the near future, despite persistent rumours of a housing bubble, predicts real estate kingpin John McGrath.

The Daily Telegraph

http://www.irishtimes.com/business/commercial-property/european-banks-aim-to-sell-74bn-of-real-estate-debt-1.2292320

European banks aim to sell €74bn of real estate debt

European banks and asset managers are seeking to sell €74 billion of real estate debt and foreclosed assets, the most ever, as they trim their soured loan books.

The Irish Times

http://www.afr.com/real-estate/gold-coast-rentals-as-full-as-sydney-homes-20150722-gihss4

Gold Coast rentals as full as Sydney homes

Apartments and houses at the Gold Coast are now just as full as those in Sydney with the glitter strip recording a five-year low in the rental vacancy rate at 1.8 per cent.

The Australian Financial Review