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This is what's moving in property this week.
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"The Palms" at 13 Deodar Drive, Burleigh Heads, on the Gold Coast, was the most viewed listing in Queensland on Realestate.com.au last week.
NEWS
1
Property market a buyer’s dream as spring fever hits
Homeowners are flooding the housing market with new listings at the fastest rate for the peak spring selling season in almost a decade.
2
Cut risk rules on young home borrowers, says Barrenjoey
Barrenjoey says first-home buyers could borrow 1-3 per cent more and slash mortgage repayments under its suggestion to help more of them get into the market.
3
Why investors will bolt if property taxes change
Tinkering with property taxes drives investors out of the market – it’s just happened in New Zealand and now Canberra is looking at a very similar picture.
4
Commercial property market picks up as deals soar to $6.2bn
Offshore investors, domestic institutions and private capital are back as the cycle moves past the bargain-hunting phase.
MARKET MOVERS
Billionaire ‘King of Toys’ offloads Sydney block
The drop in value shows the country’s office market is resetting, but deals are now getting done.
QIC quits Sydney shopping centre for record price
Queensland government fund manager QIC has sold off Sydney’s Westpoint Shopping Centre to Haben and a US group.
Lendlease taps Japanese firm to back $500m Docklands tower
The developer is the latest to benefit from the rise in Japanese companies chasing higher-growth opportunities in the local property market.
Uni’s Treasury move cements a major shift in further education
Griffith University’s move to secure the heritage-listed Treasury building for its Brisbane CBD campus is part of a growing wave of higher education institutions re-evaluating their property portfolios.
✣ PRESTIGE PROPERTY
Atlassian co-founder’s half-demolished Point Piper mansion sells for $130m
A local buyer has paid big money to buy ‘Elaine’ from tech billionaire Scott Farquhar, earning him a tidy profit of $60m.
Global interest as rare private island hits the market
A private family of Melbourne financiers have listed a rare freehold Queensland island with private beach and uninhabitable beach shack for $15m.
A Gold Coast hinterland dream
Richlister Chris Morris is selling his spectacular Beechmont Estate in South East Queensland’s famous Scenic Rim, complete with polo field, helipad and hatted restaurant.
Rick Stein’s NSW restaurants part of Salter Brothers stable
The $2bn Melbourne-based funds manager has paid more than $100m to purchase three Bannisters resorts which house two chic seafood restaurants operated by the world-famous British chef.
Living like a king at Monarch Residences
Brisbane’s luxury residential market will be tested from this weekend with the final release of penthouses in the city’s Monarch Residences, a $450m riverfront development at Toowong.
COMMERCIAL PROPERTY
ISPT gambles on a $250m portfolio split
First look: Major plans for $300m twin tower residential project
Failed office deal heads to court
Spicetown introduced to Sydney’s Little Italy
 
 
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