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NSW Real Estate: Stamp Duty Cut Lures More Than 10,000 First-Timers

November 5, 2017

The Daily Telegraph

The concessions came into effect in July, and for the first time it can be revealed how the Berejiklian government’s big Budget cost-of-living measure has propelled a new generation of homeowners into the NSW property market. The discounts — which save first-homebuyers up to $22,500 off the cost of a $600,000 property — were used […]

Future Housing Estates: Drone Landing Pads, Homes Built in Days

November 1, 2017

www.realestate.com.au

DRONE landing pads, driveways equipped to charge electric cars and modular houses that can be built in days — these could be a part of Melbourne’s housing future. With escalating land prices, lengthening commutes and increasingly technology-oriented lifestyles, a significant rethink of new housing estates and how we build homes is on its way, according […]

Greg Norman on the Hunt for Australian home

October 21, 2017

The Daily Telegraph

THE great white shark Greg Norman — who flew into Sydney this week — might be coming back to Australia more often. The golfing legend, who has spent the last 40 years across the pond in the US, has signalled he is looking at buying a place Down Under. And no ordinary home — he […]

Regents Park Mansion in Maitland Has Been Listed for Sale

October 14, 2017

Newcastle Herald

Built for a judge complete with convict jail, a stunningly restored circa 1830 Maitland property has hit the market with a price guide of $2 million. Regents Park, set on five acres in Regent Street, Maitland, appears quite modest from the road. But stepping inside reveals a residence opulent in every way. Features of the six-bedroom, five-bathroom […]

Taiwanese investors snap up winery

October 9, 2017

The Australian Financial Review

Taiwanese private investors have snapped up one of the Hunter Valley’s prized vineyards, the Iron Gate Estate in Pokolbin for between $6.5 million and $7 million. The architect-designed 16-hectare estate with 10 hectares of vines, a cellar door, 200-tonne commercial winery, established olive grove and Mediterranean-style mansion was offloaded by winemaker Roger Lilliott, who planted […]

Newcastle Rated Among Top Cities in Australia for Apartment Investments

October 8, 2017

Newcastle Herald

As Iris Capital fast-track the release of Fabric House in stage one of the East End redevelopment and Thirdi Group prepare to unveil its next project, experts have rated Newcastle among Australia’s top five cities to invest in an apartment. In a Fairfax Media article released this week, BIS Oxford Economics managing director, Robert Mellor, Domain chief data scientist, Dr. Nicola […]

Australia Ranks 11th on Knight Frank's Global House Price Index

September 27, 2017

The Real Estate Conversation

Knight Frank’s Global House Price Index for the June quarter puts Australia in 11th place, up nine places from its 20th ranking in the March quarter. Australia recorded 10.2 per cent annual growth to June, compared with 5.3 per cent the previous quarter, according to Knight Frank. The survey, which was first collated in 2016, looks at […]

The Australian Hotel Market Continues to Attract Strong Levels of Foreign Capital

September 8, 2017

The Hotel Conversation

Commercial property investment across the hotel, office, retail and industrial sectors remained buoyant in the 2016/2017 financial year, according to new reports from Colliers International. The Australian hotel market continues to attract strong levels of foreign capital, led by buyers from Asia, but both domestic and international investors regard Australia as relatively low risk and a […]

What Do China's New Capital Controls Mean for Australian Real Estate?

August 30, 2017

The Real Estate Conversation

Last week, the Chinese government issued new guidelines to restrict, and in some cases ban, Chinese companies from engaging overseas in certain sectors, including real estate. The National Development and Reform Commission, China’s state planning agency, listed three categories of overseas investment: those that are banned (including gambling), those that are restricted (including property, film, and sports), and those […]

New Rules Mean Lenders See 'Positive Data' When Assessing Loans

August 9, 2017

The Real Estate Conversation

From the end of this year, ‘positive data’ will be available to lenders to help them assess loan applications. The federal government has fast tracked changes that will allow greater data sharing between banks, meaning borrowers will be able to be assessed on how well they have repaid loans in the last two year. “The government’s […]

Hunter property market on fire

August 8, 2017

The Land

RURAL property values in the Hunter Valley are running hot, in both the agriculture and lifestyle markets. Commercial agriculture dominates in the upper Hunter while lifestyle is more of a feature at the lower end of the valley, particularly around wine country near Cessnock. Director in charge of sales and marketing for Landmark at Scone, […]

Lower Hunter Property Prices on the Move

July 29, 2017

Newcastle Herald

NEWCASTLE real estate prices have been getting a lot of attention lately, and with good reason. Data issued this week reveals that regional areas are the new lands of opportunity for buyers and the Hunter is booming. It has been one of the best performing non-capital city areas in Australia for the year to May according to property […]

Iris Plans Larger Residential Developments

July 1, 2017

The Australian Financial Review

Sydney developer and hospitality group Iris Capital is considering a move into larger-scale residential developments, banking on strong demand from homebuyers in the capital city and regional centres. The developer has also been buying retail and hospitality investment opportunities, swooping on the $20 million heritage building with retail tenancies next to the MLC Centre in […]

 

NSW Scraps Stamp Duty for First-Home Buyers

June 13, 2017

Australian Property News

NSW  will scrap stamp duty for first home buyers on existing homes up to $650,000 from July 1 and increase the threshold for new homes to the same level, despite  a warning from former Reserve Bank governor Glenn Stevens  against “self-defeating” subsidies that inflate house prices . On Thursday, Premier Gladys Berejiklian announced a long awaited housing […]

ONE OF SYDNEY'S MOST SIGNIFICANT COMMERCIAL SALES

June 8, 2017

ALAN JURD

In one of Sydney’s most significant commercial property transactions this year, businessman Duncan Hardie has sold his four storey heritage building located adjacent to the MLC Centre at 106 King St SYDNEY for a record $360,000.00 per square metre. With a ground floor tenancy to ” Le Creuset ” and three floors of office space, […]

NSW Farm Sales Showing Price Growth: Low Interest Rates, Confidence Fuel Sector

May 18, 2017

Australian Property News The Australian Financial Review

More than $25 million of rural property has been sold in northern NSW in the past few weeks showing further increase in land values fuelled by low interest rates and confidence in the sector. Andrew Street of Landmark Harcourts Gunnedah recently sold more than $7.9 million of property, including Lalagooli and Lalagooli West in Gunnedah. “The […]

Chinese Investment in Real Estate Grows to $32B

May 16, 2017

Australian Property News www.commercialrealestate.com.au

The figure is similar to the previous year when $46.6 billion in approvals were awarded to Chinese investors. While this puts China far ahead of the second-biggest foreign investor, the US, which has had $31 billion in investments approved, the US still owns four times more Australian assets than China does, Chinese property group Juwai.com […]

Auctions Bounce Back After Holiday Hiatus

May 2, 2017

The Real Estate Conversation

The preliminary clearance rate across Australia’s five capital cities last week was 76.9 per cent, up from 69.8 per cent the previous week, according to CoreLogic. The rebound occurred against a backdrop of higher auction volumes, with 2,347 properties taken to auction last week, up from 1,751 the previous week.  However, the number of properties taken […]

Australia is Building an Epic Number of Apartments Right Now, Especially in New South Wales

April 14, 2017

Australian Property News Business Insider Australia

Australia built a record number of residential dwellings in 2016, although you perhaps didn’t realise given the scale of price gains seen in southeastern capitals over the past year. Some 211,164 to be precise, up from 196,154 in 2015.  And 94,811 of those were “other” residential dwellings, with the vast majority of those apartments. Most […]

Australia Named as Top Cross-Border Investment Destination in Asia Pacific

April 8, 2017

Australian Property News

Asia Pacific real estate investors have nominated Australia as the top cross-border investment destination for the second consecutive year in CBRE’s Asia Pacific Investor Intentions Survey 2017. Some 29% of respondents identified Australia as their leading country for investment – double that of second placed Japan. The survey also identified that Asia Pacific real estate […]