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Economics, not investors, driving house prices, says REIA

Strong returns are driving increases in property investment, not negative gearing, says Malcolm Gunning, president of the REIA.

New South Wales (NSW)

Politics

Foreign buyers account for 11% of all NSW home sales

Between July and September 2016, foreign nationals accounted for 11 per cent of all NSW residential property sales, compared with first-home buyers who accounted for only 7.51 per cent.

Western Australia (WA)

The Economy

REIWA welcomes new Labor government

The new Western Australian government must tackle housing affordability, says Hayden Groves, president of the REIWA.

Tasmania (Tas.)Hobart

Featured Property

A piece of Hobart's history is for sale

The award-winning restoration of 'Lauderdale Cottage' has created a modern home etched with character and is for sale by Pam Corkhill and Anne Boman of Knight Frank.

Victoria (Vic.)Melbourne

Politics

REIV backs changes to Victoria's zoning rules

With Melbourne's population expected to grow by 100,000 new residents every year, the changes allow for greater density in the city's middle-ring suburbs, says Joseph Walton of the REIV.

National

Politics

REIA launches new course for agents wishing to provide financial information

The REIA has teamed up with the Institute of Public Accountants to launch a new training course for real estate agents who wish to provide financial information about property investment.

National

Economic uncertainty, big mortgages add up to job security headache

One third of Australian mortgage holders are worried about job security.

New South Wales (NSW)Sydney

Featured Property

Ten-bedroom home in Kenthurst for sale

Built and designed by James Watkin of Jakin Construction Group, this luxury country home in Sydney's north-west is for sale by Sandra Ward of Ray White Dural.

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

The Economy

Auction clearances show property market at full throttle

Sydney, Melbourne and Adelaide clearance rates soared past 80 per cent on the weekend.

International

People

Price for Michael Jackson's Neverland ranch slashed

It seems the original asking price of $133 million for the 2,700-acre park-like estate was not attracting buyers, and the vendors have cut the price to $89 million.