John McGrath – Pandemic creates prestige property boost
Prestige property has been a major beneficiary of the COVID-induced market and is expected to continue throughout 2021 according to John McGrath, founder and executive director of McGrath Estate Agents.
The Agency, Australian Turf Club’s official real estate agent and sponsor partner
The Australian Turf Club (ATC) welcomes the appointment of The Agency as official commercial and residential real estate agency partner across its five venues being Royal Randwick, Rosehill Gardens, Warwick Farm, Canterbury Park and Rosehill Bowling Club.
2021 to be a record year for detached home building - HIA
“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
In a survey conducted by REIWA, 90 per cent of respondents considered stamp duty to be a significant barrier to home ownership, which is why the Institute is calling for every political candidate to commit to a two-stream revenue collection method for stamp duty.
Sales of super-prime properties with tennis courts spike in 2020 due to COVID-19 lifestyle changes
Knight Frank has released its first Australian Residential Tennis Court Premium report. The research found sales of super-prime properties with tennis courts spiked in 2020 during COVID-19, with $682.8m transacting across 38 sales, up 230% on a weak 2019.
New rental standards risk even tighter regional rental market - REIV
The 120 new rental tenancy standards that come into effect from 29 March will trigger uncertainty, confusion and an unbalanced regulatory burden on the market.