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NSW expected to increase charges for foreign investors, help first-home buyers

With recent data showing that one in every 10 buyers in NSW is from overseas, the state government is expected to double the foreign investor surcharge, raising funds to help first-home buyers.

New South Wales (NSW)

The Economy

Have your say on NSW housing affordability

Do you have a suggestion for the New South Wales government about how they might fix the state's housing affordability problems?

National

Politics

Federal government should reconsider changes to investment deductions, says REIA

Changes proposed by the federal government mean that an investor who owns a commercial investment property can claim travel costs for their annual site inspection, but a residential property investor can not.

Queensland (Qld)Brisbane

Featured Property

Large Brisbane riverfront home with pontoon for sale

A large contemporary home in Chelmer with every conceivable luxury and direct access to the Brisbane river is for sale by Hannah Dodds of Queensland Sotheby's International Realty.

New South Wales (NSW)

Politics

NSW to consider stripping councils of DA powers

The NSW government is set to consider allowing development applications over a certain size to be automatically deferred to independent planning panels.

National

The Economy

CoreLogic data preview says property prices fell in May

Property prices in the nation's largest markets declined in May, according to a data preview from CoreLogic.

International

People

Would you like your employer to help you with the rent?

A growing number of US companies are offering housing assistance to their staff, usually in high-rent locations or to encourage shorter commute times.

New South Wales (NSW)Sydney

Featured Property

An iconic residence on Sydney Harbour is for sale

A harbourside Sydney apartment designed by Peddle Thorp & Walker architects and with interiors by Price Beardsmore is for sale with Ettiene West and Laura Lloyd-Cairns of Morton Sydney.

National

Construction

Australia's housing hotspots: HIA report

Pimpama in south-east Queensland is Australia’s top 'housing hotspot', according to a new report from the HIA, with Cobbitty-Leppington in Sydney's south west coming in second.

Victoria (Vic.)Melbourne Brighton

Design

First apartment in eco-friendly The Commons sells for $55,000 over reserve

An apartment in Breathe Architecture-designed The Commons sold last week through Lisa Roberts and Broderick Turmaine of Jellis Craig.

Pages

News Roundup

http://www.heraldsun.com.au/realestate/sold-at-last-millionaire-developer-roy-medich-sells-denham-court-mansion-for-over-3-million-after-being-listed-for-nearly-six-years/story-fnhytr0m-1227190750772

Millionaire's home finally sells after 6 years

Millionaire property developer Roy Medich has finally sold his Denham Court mansion in Sydney's south west after being listed for nearly six years. The property, located at 30 Cubitt Drive, sold for an unconfirmed figure rumoured to be over $3 million.

Herald Sun

http://www.globalpost.com/dispatch/news/xinhua-news-agency/150119/news-analysis-singapore-residential-property-market-remain-w

Moves to cool property market in Singapore successful

The residential property market in Singapore is expected to remain weak this year due to continued government cooling measures, say analysts. Demand continued to be adversely affected by the tighter credit markets and higher transaction costs as a result of ongoing government curbs, and transaction volumes in 2014 were half of 2013's level. Singapore's high-end residential market experienced the greatest price declines in 2014.

Global Post