Headlines

Australia Real Estate

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

Categories: Real Estate | 
Places: New Zealand |  Zealandia |  Australasia |  Oceania |  Australia | 

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

Categories: Law & Crime |  Real Estate | 
Places: Australia |  Australasia |  Oceania | 

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"

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

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

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

S&P cites risk of sharp correction in property prices as it cuts 23 banks' ratings

smh.com.au

S&P cites risk of sharp correction in property prices as it cuts 23 banks' ratings

- S&P Global Ratings downgraded the credit scores of more than 20 financial institutions as it warned the risks of a property market downturn are increasing, although expectations of government support saw the very largest banks spared. Some 23 issuers had their ratings lowered including Bank of Queensland, Bendigo & Adelaide Bank and AMP Bank. The credit assessor exempted Australia & New Zealand Banking Group, Commonwealth Bank of Australia, Westpac Banking Corp and National Australia Bank on the assumption that the government would step in to provide support if needed

Categories: Business |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Malaysians turn to Australia’s booming property market

thesundaily.my

Malaysians turn to Australia’s booming property market

- PETALING JAYA: Local funds and developers are turning to the Australian commercial property market to ride on the boom Down Under and cushion the earnings fallout from the depressed local property market. The move by Malaysian investors were also due to property overhang, demand drop and moderating rental yields for commercial properties in the country. They are said to be pouring in billions in Australia's property development and snapping up projects in the last two years

Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Asia |  S.E. Asia |  Malaysia |  Malay States |  Central |  Selangor |  Petaling |  PJ | 

Former real estate agents charged over missing client money 'helped themselves to $4m', court told

smh.com.au

Former real estate agents charged over missing client money 'helped themselves to $4m', court told

- Two former LJ Hooker real estate agents charged over trust fund rip-offs helped themselves to $4 million but repaid some of it, a court has heard. Tri Duc (Joseph) Ngo and Truc Thanh (Judy) Nguyen are charged with misappropriating funds, after the final loss was calculated at $2.1 million. Joseph Ngo has indicated he will plead guilty to about 300 charges, but his wife, Judy, may fight the charges

Categories: Real Estate |  Law & Crime | 
Places: Oceania |  Australasia |  Australia | 

RBA weighs up high housing-related debt, dim outlook for wages

smh.com.au

RBA weighs up high housing-related debt, dim outlook for wages

- A dim outlook for wages growth and continuing worries about households overextending themselves to pay mortgages were key factors that convinced the Reserve Bank of Australia to leave official interest rates on hold this month. Minutes from the RBA's May meeting show bank board members are waiting to see what effects recent mortgage rate rises and regulatory clampdowns on lending will have on high housing-related debt levels before deciding on any shift in rates

Categories: Business |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

House prices fall again as investment loans drop to lowest level in 10 months

smh.com.au

House prices fall again as investment loans drop to lowest level in 10 months

- Home loans to investors have fallen to the lowest level in 10 months following a regulatory clampdown and the Turnbull government's efforts to cool the Sydney and Melbourne housing market. Figures released by the Australian Bureau of Statistics on Monday show home loans to investors as a proportion of all loans dropped 1.25 per cent in March to 48 per cent, down from a high of over half of all home loans in January

Categories: Business |  Real Estate | 
Places: Oceania |  Australasia |  Australia | 

Housing affordability: Barcelona cracks down on short-term tourist rentals amid rising rents

abc.net.au

Housing affordability: Barcelona cracks down on short-term tourist rentals amid rising rents

- Barcelona has always been popular with tourists, thanks to its sunny Mediterranean beaches, modernist architecture and world-famous Catalan food. But as anyone who's tried to eat a platter of Esqueixada — salted cod salad with tomato and onion — would attest, you can have too much of a good thing. These days Barcelona is choking on tourists. Every day, the historic boulevard, Las Ramblas, is grid-locked with foreign tour groups squeezing past other tour groups

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

Melbourne real estate: Home buyers paying extra for ‘walkable’ suburbs

heraldsun.com.au

Melbourne real estate: Home buyers paying extra for ‘walkable’ suburbs

- “WALKABILITY” is adding up to a 25 per cent premium to Melbourne real estate, as buyers pay extra for the convenience and health benefits of living a car-free life. The ability to stroll to shops, schools and public transport is a particular drawcard in the inner ring, which experts say is home to Melbourne’s most walkable suburbs. Walk Score has deemed Carlton, Fitzroy and Fitzroy North as the city’s best suburbs for living without a vehicle, each dubbed a “walker’s paradise, where daily errands don’t require a car”

Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Melbourne | 

Budget 2017: RBA holds key to lower house prices, not Government says economist

abc.net.au

Budget 2017: RBA holds key to lower house prices, not Government says economist

- The Reserve Bank holds the key to lower house prices, not the Federal Government, according to a leading economist. Deloitte Access Economics partner Chris Richardson said modelling suggested a 1 per cent rise in the official cash rate would reduce house prices by about 7 per cent, which would see a $950,000 house price fall by about $66,500. "The reason more than anything else as to why housing prices have gone so high is because interest rates have gone so low," he said

Categories: Politics & Government |  Business |  Real Estate | 
Places: Australia |  Australasia |  Oceania | 

Bombers star Michael Hurley snaps up Thornbury house

heraldsun.com.au

Bombers star Michael Hurley snaps up Thornbury house

- ESSENDON star Michael Hurley might not have had success on the field last weekend, but he did have a win on the property market. The key Bombers defender and partner Chelsea Hewson toasted their new home in Thornbury on Saturday, posting photos outside the charming california bungalow on Instagram. “Stoked to land this new place today,” Hurley wrote alongside an image of the pair out the front

Categories: Real Estate | 
Tags: Real Estate Markets | 
Places: Australia | 

The cheapest suburbs to rent a three-bedroom home within 15 kilometres of Sydney’s CBD

smh.com.au

The cheapest suburbs to rent a three-bedroom home within 15 kilometres of Sydney’s CBD

- With Sydney rents rising at their fastest rate it five years, it’s becoming increasingly difficult for tenants to be able to afford to live close to the city centre. But among the suburbs within a 15-kilometre drive of the central business district, there is one particular cluster of suburbs offering the best value for tenants. Belmore, about 14 kilometres south-west of the CBD in Canterbury-Bankstown, is the cheapest suburb within that distance to Sydney’s CBD with a median weekly asking rent of $550 for a three-bedroom home

Categories: Real Estate | 
Places: Oceania |  Australasia |  Australia |  Sydney | 

House prices: Where are they heading? Crash, correction or more of the same?

abc.net.au

House prices: Where are they heading? Crash, correction or more of the same?

- OK, I apologise in advance for yet another column on the property market. There is something, however, worth highlighting. We can all wax lyrical at the pub or at a BBQ about whether house prices are going to keep rising, or if we're about to witness a historic crash, but the reality is no-one really knows for sure. Millennials trying to get into the housing market want prices — at the very least — to stop rising

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

Latest Stories

Home / Australia / Real Estate

Real Estate - Australia

  • Aussie property boom causes rift between haves and have-nots
    Aussie property boom causes rift between haves and have-nots

    , straitstimes.com

    Unlike the majority of Australians in their 20s, Mr Jeremy Iannuzzelli proudly lives in his own home despite soaring property prices. In fact, the 28-year-old accountant does not just own his three- bedroom house in south-west Sydney but also an eye-watering portfolio of 12 properties. The line-up, which comprises five in Sydney, two in Melbourne and five in the state of Queensland, is worth A$5 million (S$5

     

    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  Asia |  Singapore | 

Property Markets

  • Aussie property boom causes rift between haves and have-nots
    Aussie property boom causes rift between haves and have-nots

    , straitstimes.com

    Unlike the majority of Australians in their 20s, Mr Jeremy Iannuzzelli proudly lives in his own home despite soaring property prices. In fact, the 28-year-old accountant does not just own his three- bedroom house in south-west Sydney but also an eye-watering portfolio of 12 properties. The line-up, which comprises five in Sydney, two in Melbourne and five in the state of Queensland, is worth A$5 million (S$5

     

    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  Asia |  Singapore | 

Residential

Property Management

Agents & Agencies

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

    , theage.com.au

    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

     

    Categories: Law & Crime |  Real Estate | 
    Places: Australia |  Australasia |  Oceania | 

Property Prices

  • Sydney and Melbourne house prices slip in May
    Sydney and Melbourne house prices slip in May

    , smh.com.au

    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

     

    Categories: Real Estate | 
    Places: Oceania |  Australasia |  Australia |  South Wales |  Sydney |  Victoria |  Melbourne | 

Rentals

Housing

  • Why affordable housing is not just about the purchase price
    Why affordable housing is not just about the purchase price

    , abc.net.au

    Solving the housing crisis is a high priority for state governments around Australia. This is understandable, given the hyper-inflated property markets in many Australian capital cities. Rising concerns that interest rates will increase over coming years have also fuelled the unaffordability fires. Proposed solutions to this crisis often focus on opening up new greenfield areas of land in the outer suburbs to develop lower cost housing

     

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