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Australia Real Estate

Interest in energy efficient homes on the rise

heraldsun.com.au

Interest in energy efficient homes on the rise

- AS energy prices continue to rise, so too does the interest in energy efficient homes, property industry insiders say. While 6-star energy ratings have been mandatory in the new build sector since 2011, a similar measuring stick does not apply in the established housing market. There is a push for this to be compulsory from an environmental standpoint but also from buyers who want more transparency, experts explain
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Categories: Science & Nature |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Former school turned top-class house for sale in Ballarat

heraldsun.com.au

Former school turned top-class house for sale in Ballarat

- THINK school is cool? Then this Ballarat East house will ring your bell. A six-bedroom house converted from the former Richard St Primary School has hit the market with an asking price of $1.3-$1.43 million. The school at was closed by the Kennett Government in 1996, along with a host of others in Ballarat, and sat vacant until its current owners bought it in 2001
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Victoria |  Ballarat | 

Pet owners prepared to splash cash to secure a rental property

heraldsun.com.au

Pet owners prepared to splash cash to secure a rental property

- MELBOURNE landlords who allow pets could find themselves raking in the cash, according to industry experts. New figures from the 2016 Census reveal Victorian renters have grown to 30 per cent of the state’s population, up from 27.2 per cent in 2011. Combine this with the fact that Australia has one of the highest rates of pet ownership in the world, with more than 60 per cent of households owning a pet, according to Animal Medicines Australia’s 2016 Pet Ownership in Australia report
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Categories: Real Estate | 
Tags: Rental Properties | 
Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

Census 2016: ABS reveals Canberra's most religious and most godless suburbs

smh.com.au

Census 2016: ABS reveals Canberra's most religious and most godless suburbs

- High rise apartments and hipster cafes have made Canberra's inner-north a haunt for some of the city's youngest and wealthiest. Their arrival may also be driving religion out from the trendier suburbs. Once a home for larger church communities peopled by older home owners in Ainslie, Hackett, Dickson and Downer, the inner suburbs north of the lake have become less holy since waves of younger families and workers began replacing them 20 years ago
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Categories: Religion & Spirituality |  Real Estate | 
Places: Oceania |  Australasia |  Australia |  ACT |  Canberra | 

How to buy a house despite soaring property prices

heraldsun.com.au

How to buy a house despite soaring property prices

- THE Great Australian Dream of buying your own home has become a bit of a nightmare. The latest Census data shows home ownership rates have plummeted in Melbourne in recent years, with the number of renters almost catching up to those who own their residences outright. But the Sunday Herald Sun has spoken to young first-home buyers who have found a way to crack into the market, despite soaring prices
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Fears of a housing bubble in Australia are overblown, says HSBC economist

smh.com.au

Fears of a housing bubble in Australia are overblown, says HSBC economist

- Soaring home prices in Australia's biggest cities are driven by strong demand and a lack of supply, rather than indicating a "bubble," according to one of the nation's top economists. . "At a national level, a key reason for rising housing prices has been housing under-supply," HSBC Holdings' local chief economist Paul Bloxham wrote in a research note on Thursday. "This also suggests that a significant fall in Australian housing prices, as occurred in the US and Spain during the global financial crisis, is unlikely
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Categories: Business |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

House that AFL legend Ted Whitten Snr reportedly sold as real estate agent heads under the hammer

heraldsun.com.au

House that AFL legend Ted Whitten Snr reportedly sold as real estate agent heads under the hammer

- BULLDOGS fans are unlikely to see Marcus “The Bont” Bontempelli conducting auctions any time soon — but fans in the 1960s reportedly had a similar encounter with the great Ted Whitten Snr. The legendary “Mr Football” was the agent who sold the house at 8 Mitchell St, Maribyrnong, to the late parents of the estate’s vendors, according to Hocking Stuart, Yarraville, director Leo Dardha
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia | 

First-home buyers get 'window' of opportunity with Victoria, NSW to cut stamp duty

abc.net.au

First-home buyers get 'window' of opportunity with Victoria, NSW to cut stamp duty

- After years of double-digit house-price growth in Melbourne and Sydney — things are looking up for first home buyers. Cuts to stamp duty from July 1 in Victoria and New South Wales will help would-be buyers trying to break into the housing market, as conditions gets tougher for investors. "There is a window there for first-home buyers and not having a situation we've had in the past, a la the first-home owners scheme which did boost prices," property analyst Louis Christopher said
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Categories: Business |  Real Estate | 
Tags: Taxes |  Markets |  Consumers |  Real Estate Markets |  Taxation | 
Places: Oceania |  Australasia |  Australia |  South Wales |  Sydney | 

CBA joins other major banks to penalise interest-only borrowers with rate rise

abc.net.au

CBA joins other major banks to penalise interest-only borrowers with rate rise

- Customers of Commonwealth Bank who are making interest-only variable mortgage repayments may want to consider switching out of that arrangement. Australia's largest bank has joined the other big three banks in lifting interest-only mortgage rates in an attempt to de-risk its lending portfolio and comply with regulatory requirements. CBA customers who are making interest-only home loan repayments will see their rates rise by 30 basis points - or 0
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Categories: Business |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Perth median house prices slide again to $505,000

smh.com.au

Perth median house prices slide again to $505,000

- Perth median house prices have dropped by 0.2 per cent compared to the previous week, property data analyst CoreLogic shows. On the opposite end of the spectrum house prices have again lifted in Sydney and Melbourne, with the median price of a house sold in the Harbour City now at $1,000,500. In Melbourne, the median house price was $715,549, according to the latest data from property information group CoreLogic
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne |  Western |  Perth | 

Moody's lowers bank ratings, prompting home loan warning

stuff.co.nz

Moody's lowers bank ratings, prompting home loan warning

- Homeowners with mortgages are being warned a credit rating downgrade for the big four banks could be bad news for their repayments. Credit rating agency Moody's has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation's increasingly indebted households. Moody's stripped the big four banks - the Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (ASB in New Zealand), National Australia Bank (BNZ in New Zealand), and Westpac Banking Corporation (Westpac) - of their Aa2 long-term rating and placed them on the next level down at Aa3, although it did not alter their short-term ratings
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Zealandia |  New Zealand | 

Middle to outer suburbs of Melbourne see huge price growth with buyers pushed out

theage.com.au

Middle to outer suburbs of Melbourne see huge price growth with buyers pushed out

- Five years ago, buyers could snap up a family home in Melbourne’s east for less than $600,000. Now, they are worth well over $1 million: and prices are still going up. House prices in huge swaths of Melbourne’s middle and outer suburbs have almost doubled in the past five years as buyers continue to seek more affordable options than the inner-city can provide
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

Real estate agent licence granted to man with criminal history, bikie connections

theage.com.au

Real estate agent licence granted to man with criminal history, bikie connections

- Are you a convicted criminal? A former bankrupt? Someone banned from holding a liquor licence in Victoria for 15 years? Is your business partner a member of a notorious outlaw motorcycle gang? Are you currently facing serious criminal charges? If the answer is "yes" to the above, then a career in real estate could still be an option for you. The Victorian Business Licensing Authority (an arm of Consumer Affairs Victoria) recently granted an estate agent's licence to someone with such a resume – a man whose criminal history and underworld connections stretch back nearly three decades
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Categories: Real Estate |  Law & Crime | 
Places: Oceania |  Australasia |  Australia | 

John McGrath bursts property bubble 'myth'

smh.com.au

John McGrath bursts property bubble 'myth'

- John McGrath, founder of the McGrath real estate advisory empire, has dismissed concerns of a property "bubble" saying he has seen such talk "time and time again over 30 years and the 'doom and gloom' predictions simply haven't eventuated". In his weekly column for the Switzer Daily, Mr McGrathoften dubbed Mr Sydney property for his longtime expertise, said the moment "we see even the slightest change in boom market conditions, the headlines begin"
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Sydney and Melbourne house prices slip in May

smh.com.au

Sydney and Melbourne house prices slip in May

- There are further signs of heat coming out of the east coast housing market, with Sydney and Melbourne leading a 1.1 per cent fall in property prices across Australia's five largest cities this month. In a preview of its monthly home value index, CoreLogic said the 1.1 per cent fall indicated a negative month-on-month result for May. "The weak preliminary result is largely influenced by a month-on-month fall in Sydney and Melbourne dwelling values," CoreLogic's head of research Tim Lawless said
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Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  South Wales |  Sydney |  Victoria |  Melbourne | 

Labor pledges 25 per cent affordable housing mandate if elected

smh.com.au

Labor pledges 25 per cent affordable housing mandate if elected

- Every residential development built on state-owned land under a NSW Labor government will have 25 per cent of its dwellings designated affordable housing, the opposition has pledged. For privately-owned land rezoned for development, 15 per cent of homes would be designated affordable housing, it says, in a further bid to help low and middle income earners rent or buy in the surging Sydney property market
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Categories: Real Estate | 
Tags: Housing |  Land |  Affordable housing | 
Places: Oceania |  Australasia |  Australia | 

Popular Stories

Home / Australia / Real Estate

Real Estate - Australia

  • Greens seek to turn the tables on landlords with new rental policy
    Greens seek to turn the tables on landlords with new rental policy

    , smh.com.au

    Renters would have unlimited, rent-controlled leases and be able to hang paintings, paint walls, keep pets and stay put even if the property was sold under a Queensland Greens policy. The Queensland Renters' Rights plan, due to be announced on Thursday, would mean renters would have access to unlimited leases which they could terminate with three months' notice without a reason
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    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  Queensland | 

Property Markets

  • What now for Sydney property prices? Five economists give their predictions
    What now for Sydney property prices? Five economists give their predictions

    , smh.com.au

    After five years of soaring property prices the question on the lips of Sydney’s buyers and sellers is clear: will booming prices continue? Domain asked five top Australian economists to provide their forecasts for price growth in Sydney over the next 12 months. Each of them had a unique take on the market – some expected prices to be relatively flat, others anticipated falls in the median price
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    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  South Wales |  Sydney | 

Residential

  • Former school turned top-class house for sale in Ballarat
    Former school turned top-class house for sale in Ballarat

    , heraldsun.com.au

    THINK school is cool? Then this Ballarat East house will ring your bell. A six-bedroom house converted from the former Richard St Primary School has hit the market with an asking price of $1.3-$1.43 million. The school at was closed by the Kennett Government in 1996, along with a host of others in Ballarat, and sat vacant until its current owners bought it in 2001
    Read More ...

     

    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  Victoria |  Ballarat | 

Property Management

  • Rents rise as vacancy rates fall despite talk of property crash
    Rents rise as vacancy rates fall despite talk of property crash

    , smh.com.au

    Struggling households across Australia face further cost of living pressures as tumbling vacancy rates allow landlords to raise rents. Residential vacancy rates fell across the nation in March, down to 2.3 per cent, at the same time as landlords boosted asking rents for units by 1.6 per cent in Sydney and Melbourne. Figures from property research firm SQM Research show Melbourne has the lowest capital city vacancy rate of 1
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    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia | 

Agents & Agencies

  • Real estate agent Judy Nguyen charged over theft of client funds joins new firm
    Real estate agent Judy Nguyen charged over theft of client funds joins new firm

    , smh.com.au

    A real estate agent charged with misappropriating more than $2 million of customers’ money is trading again as an agent at a newly-created agency in Melbourne’s south-east. Ms Nguyen was charged by Consumer Affairs Victoria in late January with 216 offences. The matter is currently before court. ASIC documents show OZ Capital Springvale Real Estate started trading on January 31. Last month, Ms Nguyen and her husband Tri Duc (Jospeh) Ngo appeared in the Melbourne Magistrates Court for a committal mention following the collapse of six Melbourne LJ Hooker offices last April
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    Categories: Business |  Real Estate | 
    Places: Oceania |  Australasia |  Australia | 

Property Prices

  • Townhouses gain popularity as house prices soar
    Townhouses gain popularity as house prices soar

    , heraldsun.com.au

    AS PROPERTY prices have soared in Melbourne in recent years, so too has the prominence of townhouses. New figures from the Australian Bureau of Statistics 2016 Census reveal semi-detached dwellings — including townhouses — have grown to a 16.8 per cent slice of the Greater Melbourne property pie, up from 11.6 per cent at the 2011 national survey. Unit/apartment dwellings have shrunk slightly to 14
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    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

Rentals

  • Pet owners prepared to splash cash to secure a rental property
    Pet owners prepared to splash cash to secure a rental property

    , heraldsun.com.au

    MELBOURNE landlords who allow pets could find themselves raking in the cash, according to industry experts. New figures from the 2016 Census reveal Victorian renters have grown to 30 per cent of the state’s population, up from 27.2 per cent in 2011. Combine this with the fact that Australia has one of the highest rates of pet ownership in the world, with more than 60 per cent of households owning a pet, according to Animal Medicines Australia’s 2016 Pet Ownership in Australia report
    Read More ...

     

    Categories: Real Estate | 
    Tags: Rental Properties | 
    Places: Oceania |  Australasia |  Australia |  Victoria |  Melbourne | 

Housing

  • Labor pledges 25 per cent affordable housing mandate if elected
    Labor pledges 25 per cent affordable housing mandate if elected

    , smh.com.au

    Every residential development built on state-owned land under a NSW Labor government will have 25 per cent of its dwellings designated affordable housing, the opposition has pledged. For privately-owned land rezoned for development, 15 per cent of homes would be designated affordable housing, it says, in a further bid to help low and middle income earners rent or buy in the surging Sydney property market
    Read More ...

     

    Categories: Real Estate | 
    Tags: Housing |  Land |  Affordable housing | 
    Places: Oceania |  Australasia |  Australia |