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AUSTRALIAN REAL ESTATE

Australia is a growing economy with an active real estate market. If you are qualified and meet the immigration requirements you can work and live in Australia and even become an Australian citizen.

Most Australians live in coastal cities which provide modern facilities. Others live in the "outback" which is a quieter lifestyle where everyone knows one's neighbour.

As our population grows in most capital cities there is the obvious need for the constant creation of new dwellings. Until now we have largely favoured urban sprawl over re-zoning inner urban areas to higher densities. Affordabilty is no longer a matter of releasing more land when the demand for new house and land packages is so weak.

The argument that today's outskirts will be tomorrow's city fringe is starting to wear a bit thin and our major cities are faced with a choice. Without Super-fast public transport, strong employment growth and flourishing local communities on our outskirts can we really expect vast amounts of young people to want to live 50km's out of Sydney for example?

The State’s small businesses in the rental, hiring and real estate sectors are next in the spotlight for the NSW Government’s red tape taskforce.

The review will cover real estate agents, conveyancers, valuers, plant and equipment hirers, recreational equipment hirers, and car rental operators.

“The NSW Government needs to know if red tape is holding back this sector, and what can be done to help these businesses work more efficiently to invest and grow”, Premier Morris Iemma said.

Regional Queensland centres continued to do well with the five major cities outside the southeast recording either modest or strong house price growth. However Brisbane's median house price declined 3 per cent over the quarter – the most dramatic fall in prices since the last housing downturn in 1994-95. Despite this, Brisbane managed 6.9 per cent house price growth over the year.

The Perth housing boom is now sending major ripples into the regional real estate market with the latest sales figures from the Professionals Real Estate Group showing a significant jump in the average selling price of homes in a number of major regional centres.

According to the Professionals Real Estate Group, sales figures by the Professional offices in regional Western Australia for the first eight months of the current financial year show that the average selling price of a home in some regional centres jumped by more than $10,000 compared to the same period for the previous year.

Pam Corkhill, Vice President of the Real Estate Institute of Tasmania, believes that the 25 per cent rise in the price of real estate over the last 12 months is "fantastic news". Talking with Ric Paterson, Pam Corkhill said the rise was "across the board, across the state".
Although Hobart has recently experienced record prices for real estate Pam Corkhill believes that housing is still very affordable for all types of people. "We need an extra couple of suburbs," said Pam.

Responding to Pam Corkhill's call for new suburbs Lord Mayor Alderman, Rob Valentine called in to suggest that "the answer is to market what we've got".

A consumer advocate is questioning predictions that Darwin's real estate market will continue to boom for the next five years.

The Real Estate Institute of Australia (REIA) says the city's property prices grew 31 per cent last year.

Neil Jenman has completed a study of the Darwin property market and says there is no way that growth is sustainable for the next five years. "In every boom the people who are selling it will say that this boom is different, that it will continue to keep going on, particularly when you're at the top of the boom, when you're at the top of the boom and you say that they're are people everywhere and signs up all over Darwin, that is a huge clue that things are getting too hot."

Laws designed to stamp out misquoted auction prices may be overhauled after the Victorian State Government last night revealed it had ordered a review.

The move comes after The Age revealed that underquoting is rampant across the city.

No agent has been prosecuted under those laws, which require estimates to be based on what "a willing but not anxious buyer" would pay, and forbid agents from advertising properties for less than their own estimates.

Featuring a selection of Brisbane CBD Apartment Accommodation, Australian Explorer includes accommodation options for most budgets.

If your accommodation requirements for Brisbane CBD are for within the next 21 days you may like to take a look at our short notice confirmed booking area, with great discounts on available accommodation.

Funding has been advanced for the acquisition of land and the development of apartments located at Kawana Island.

Drop into Montego’s Restaurant on the Bay. Enjoy pools, spas, gym, tennis, kayak, boat and private cinema.

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BERTINYA, Kawana Forest

Liltypifty Ct. UBD SC89 014. Ph: 5492 3299.

Open 12-5 M-F; 10-5 w/e

BUDERIM, Rainforest Sanctuary

Stringybark Rd. www.ratnforestsatxtuarybixJerifn.com

UBD SC78 L12. Ph: 5456 2277. Open 10-5 daily

CALOUNDRA, Pe«ean Waters

UBD SC109 09. Ph: 1800 998 000.

Open 8.30-5 M-F; 10-5 w/ends

CALOUNDRA, Pe«ean Waters

UBD SC109 09. Ph: 1800 998 000.

Open 8.30-5 M-F; 10-5 w/ends

KAWANA WATERS, Kawana Waters

UBD SC90. Ph: 1800 812 250.

Open 8.30-5 M-F; 10-5 w/e

MONTVILLE Kookaburra Crest Estate

Ray White Project Mktg.

Ph: 0412 743 671

MOUNTAIN CREEK, Waterbury Park

Gterrfiekh Blvd. UBD SC79 J13. Ph: 133 838.

Open 10-5 daily

MOUNT COOLUM, The Boardwalk, David Low Way

www.theboardwalk.com.au UBD SC49 K12.

Ph: 1800 101 000

PEREGIAN, Pcregian Springs

Peregiafi Springs Drv. UBD SC29. Ph: 5448 2690.

Open 9-5 daily

SIPPY DOWNS, Chancellor Park

Albany St. Pask Group,

www.nevpask.com.au UBD SC79 A20. Ph: 5445 3911

TWIN WATERS, Twin Waters Coastal Community

Lend Lease, 500 Lake View Dr. UBD SC59. www.twinwaters.aust.com Ph: Ph: 1800 688 530. Open 9-5

WOOMBYE, Belle Eden

Upper Wakefield St. UBD SC66 F15.

Ph: 0417 073 706

NSWs GOVERNMENT CUTS RED TAPE

VICTORIA TO REVIEW AUCTION SYSTEM

THE BRISBANE REAL ESTATE MARKET

ADELAIDE CREATES NEW DWELLINGS

HOBART REAL ESTATE PRICE RISE

REGIONAL WESTERN AUSTRALIA IS NOW SHARING IN THE HOUSING BOOM

WILL DARWIN'S REAL ESTATE BOOM LAST 5 YEARS?

Moving to Australia.................................Living in Australia...........................................

Australian Real Estate Blog

You Can't Always Rely On Your Lawyer's Signature

OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Several months after contracting to buy six beach resort units, as well as the resortâ€™s management and letting rights, Fred Sutton had second thoughts about his...(read more)

Fairness From NSW Office of Fair Trading? It's Problematic!

by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd After experiencing first hand the legal knowledge and reasoning of Mr. Robert Guthrie, Acting Manager, Licensing for the New...(read more)

Lawyers Real Estate Well Received

by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd We have been overwhelmed with emails, texts and telephone calls from well-wishers. There were plenty of consumers interested...(read more)

Real Estate Bidding Online - It Costs Nothing To Bid

Lawyers Real Estate is a law firm that sells real estate for its clients without involving any real estate agents. To make the selling and buying of real estate quick, simple and transparent, the SLOD! real estate bidding facility has been established....(read more)

Two Tales of Estate Agents' Wilful Silence

OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Agents might heed the Appeal Panelâ€™s general warning to be â€œespecially carefulâ€ that buyers are informed of material matters not discoverable through â€œundertaking...(read more)

Can flood-prone Queensland homes be sold without sellers or agents volunteering the soggy truth? Yes!

OPINION by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au What if sellers donâ€™t â€˜fess up if thereâ€™s no record of council inspections? They can sell regardless! What if a sellerâ€™s carport, garage or deck was built illegally?...(read more)

REIV Provides Misleading Auction Advice

OPINION by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director Lawyers Real Estate Pty Ltd In his regular propaganda column in the Domain section of The Age newspaper, the CEO of the Real Estate Institute of...(read more)

SLOD! Another Sale by Lawyers Real Estate

No, SLOD! is not a typographical error, it's the name of the website Lawyers Real Estate uses to sell properties for its clients. Lawyers Real Estate is a law firm that sells real estate for its clients for a single fixed-fee, without involving real estate...(read more)

Questions & Answers On Our Facebook Page!

We are now using Facebook to provide answers to consumers' questions about real estate related matters. If you have a question, comment or complaint about the real estate industry or those involved in it, the Lawyers Real Estate Facebook Page is the place...(read more)

Real Estate Agents - Refusal To Divulge Visitor Details

What do you do when your property has been listed for sale and your agent refuses, on the basis of the Privacy Act, to give you the names of prospective buyers introduced to your property? Well, you stick it right up your agent as clients of mine recently...(read more)

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AUSTRALIAN REAL ESTATE PORTAL NEWS
Updated:

Asians Buying Up
Asian buyers are affecting Australian real estate as they buy up property businesses in shopping malls, thus pushing up rents.
Author: Bridget Carter::The Australian

Real Estate agent informs on scam
A "whistle blower" on the Gold Coast has taken out a restraining order against the Real estate proprietor he accused.
Sarah Elks::The Australian

RBA Holds the Interest Rate
Problems in Europe have pressured the Reserve Bank of Australia to keep the cash rate unchanged.
Eoin Blackwell: Sunshine Coast Daily

The Future of Australian Real Estate
The property market has been strong over the past year. This is better than other OECD countries.
Marquette Turner

Ray White Hits a Record
Ray White, Australia's largest real estate business has increased sales by 8 per cent for the month of May.
Ray Whte

Single income families find it difficult
In Sydney prices have soared which makes it hard for families on a single income to source a deposit.
Vikki Campion: The Daily Telegraph

More Chinese lease office space
Because more Chinese are applying to come to Australia the Chinese Embassy has leased more office space to cope.
Marc Pallisco: Real Estate Source

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