Spark of growth lifts property industry hopes

The real estate industry has been doing it tough, but there are tentative signs of hope on the horizon. By Karen Dobie

The Tax Office has property investors in its sights: Ed Chan

The ATO is targeting property investors, so here is what you need to know to avoid an unpleasant knock on the door by the taxman.  By Ed Chan


The 42 brightest prospects for price growth on Smart Investor's list of 601 suburb hotspots

We've found 42 suburbs on Smart Investor magazine's "601 Top Suburbs" report where house price growth is expected to be particularly strong in 2012.  By Larry Schlesinger

Nine areas of a home to check at open for inspections: Karin Derkley

Here are nine important points to tick off when you are going through a house at an open for inspection. By Karin Derkley

The 7 must-know numbers of the week

Property Observer reviews the top seven numbers of the week, including the record price celebrity interior designer Tina Chalabian secured for her Willoughby home.


Quote of the week

The estranged wife of a Russian fertilizer king says the apartment he bought in New York might not be for his daughter to live in while she attends school.

Auction tipping

Melbourne auction tippingMelbourne auction tipping Cassidy Knowlton
Guess what this Northcote house will sell for at its weekend auction.
Brisbane auction tippingBrisbane auction tipping Cassidy Knowlton
Guess what this Brisbane property will sell for when it goes to auction this Saturday.
Sydney auction tippingSydney auction tipping Cassidy Knowlton
Guess what this Glebe terrace will sell for at its weekend auction.

Friday form guide

A tenanted one-bedroom unit in the Melbourne suburb of Dandenong could secure an investor a gross rental yield of up to 8.7%.

New South Wales

The Napoleon Perdis Makeup Academy has leased space on Queen Street, Woollahra in the former post office premises.
Toni Collette musician husband, David Galafassi, are being sued over their failure to settle on an alleged $6 million Paddington terrace purchase.

Hotspots

The population of Woodend, 70 kilometres north of Melbourne, is expanding rapidly, and house prices have increased 77% in the past five years.
Period flats and houses in Melbourne 'villages' such as Elwood, Kensington and South Yarra offer better investment potential than newer blocks, says WBP chief executive Graville Pabst.
John McGrath has picked Coogee as a property investment hotspot for both houses and units in 2012.

Developments

Since the launch of Stockland's retirement development’s Gowanbrae in October 2011, 32 of the 39 apartments have sold.

Top 10 discount list

Regional Victoria is not represented at all on SQM Research's list of the most discounted properties in Victoria.

Trophy homes

Historic gothic 1914 Mount Martha mansion Glynt Manor, briefly known as Demetri’s Castle, has been sold to the Zampelis restaurateur family.
Friesia, the 1888-built Italian Renaissance-designed Hawthorn house and one of Melbourne’s most captivating residences, has been sold.
Chateau de Benelong, the distinctive Bellevue Hill palazzo residence, has been sold after its price hopes were revised.

Title Tattle

Kate Aujard from Pulse Pharmacies has sold her imposing Hawthorn residence.

Residential

Here is the median asking rent for units in each state's capital, according to Residex.
Asian and Indian migrants' preference for different layouts in property will affect its resale value in a few years, says demographer Bernard Salt.
Discounting peaked in the middle of last year and has been falling since, according to Australian Property Monitors.

Suburb Data

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News

Larry Schlesinger The housing market remained in neutral in February, and the Wall Street Journal has warned that the 'party' might be over for Australian housing.
Jonathan Chancellor Point Piper retains its status as the priciest suburb in Australia, recording a $5.21 million median house price during 2011.
Larry Schlesinger First-time property investors should look at the outlying areas of Sydney rather than pricier inner-city suburbs, according to SQM Research managing director Louis Christopher.
Larry Schlesinger Auction activity will pick up significantly in Melbourne this weekend and to a smaller degree in Sydney, with just three weekends to go until Easter.
Larry Schlesinger A Queensland real estate agent was caught by a widow taking photos of her house one day after her husband died.
Alistair Walsh A 400-hectare sheep and crop farm in NSW that has been in the same family since about the 1860s has been put up for sale for the first time.
Larry Schlesinger Myer will make decisions about the future of each of its stores when it discusses lease renewals with landlords in 2012, the department store group has said.
Larry Schlesinger Renters are growing increasingly concerned about their job prospects, according to the March Westpac- Melbourne Institute Consumer survey.
Madeleine Heffernan The lawyer spearheading a class action against Bankwest has welcomed the announcement of a broad-ranging parliamentary inquiry into the banking sector.
Larry Schlesinger Borrowers who choose heavily discounted home loans are at risk of being caught up in a “bait and switch” manoeuvre, according to Aussie Home Loans chief executive Stephen Porges.
Jonathan Chancellor The Goodman Group's hopes for quick approval for its inner-city Sydney residential high-rise development site have been stymied.
Larry Schlesinger Rental vacancies in the Perth metro region dropped to 2.3% in February, according to Real Estate Institute of Western Australia.
Larry Schlesinger CommSec chief economist Craig James says Australians “risk talking ourselves into a growth recession” and another interest rate cut is needed to help the economy.

Observers

Ten rules for successful property investment Residential
Michael Yardney Here are 10 time-tested rules that savvy investors use to make their fortunes in property.
Melbourne’s million-dollar market could be turning around, but no momentum in super-prestige property Victoria
Mal James Overall the $3 million-plus market is seen by optimists as treading water and by realists as still edging backwards.
How to determine if a site is feasible for development New Developments
Jo Chivers So you've found what you think will be a great site for development. Now what?
It's a millionaires' malaise, but housing market healthy for most Australians: Christopher Joye Residential
Christopher Joye Those who say Australia's property markets are crashing often live where values are dropping rapidly - affluent suburbs.
The future of Australian property markets looks bright – especially in Queensland Residential
Michael Matusik Despite reports to the contrary, new housing is undersupplied across much of Queensland, and with immigration on the rise, property markets are set to recover.
Office A-REITs outperformed all other sectors in 2011 REITs
Mark Wist The prognosis for A-REITs in 2012 is positive, with retail, industrial and office A-REITs expected to provide positive returns.

Shoe designer Gary Castles lists in Whale Beach: Title Tattle Jonathan Chancellor
Yachtsman Warren Johns has sold in Pyrmont, another high-floor Eureka Tower apartment is for sale, and Australia’s biggest punter has listed in Dover Heights.
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