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An article on the website The Adviser anticipates healthy figures for new home sales in the year 2016. There has been a modest dip in July but it is no reason to worry. Sale of detached dwellings has come up by 0.7% in the month running up to July. However, it has fallen 2.8% in three months leading to July and this brings the figure, 3.4% below what it was at the same time last year.

While the indicators do not point towards a phenomenal 2016, there are good reasons to believe that the coming year will work out well, cushioned by the good work done in the last three years.

You can read the original article here.

James Mitchell writes an article for the website The Adviser wherein he says that the relaxation of capital export restrictions will see something like $75 billion of Chinese capital flowing into the Australian properly market shortly. The scheme used by the Chinese government was started for institutions and was known as QDII1. The recent one called QDII2 is for the residential investors who want to dig into the overseas property markets.

Experts feel that China has enough potential to disrupt (at least for the short term) the real estates of many developed countries.

You can read the original article here.

In an article for the website Your Investment Property, Phil McCarroll writes that the rate of national auction clearance has been coming down. In contrast, Sydney’s auction scene has been looking good. The preliminary clearance for Sydney has topped 80%; a figure it has touched for the first time in the last 5 weeks. Compared to a week prior, Sydney’s rate has jumped up by 1.7%.

In contrast, the preliminary rate has dropped in Melbourne by 2% and Brisbane by 0.9% over the last week.

You can read the original article here.

Phil McCarroll writes a piece for the website Your Investment Property wherein he talks about how a mansion in Vaucluse has smashed all real estate records. The six story mansion called La Mer has been sold for an unprecedented price of $70 million. A Perth mansion sold off for $57.5 million was the highest price Australia had seen for the giving away of a prestige market property. This record sale beats the Perth property by quite a distance.

News poured in suggesting that La Mer has been bought by a local.

You can read the original article here.

In an article for the website Your Investment Property, Phil McCarroll writes that there might be a tag of “Seller’s market” on Sydney but there are quite a few suburbs which still have to offer vendor discounts for ensuring that the sale goes through. Suburbs like Vaucluse and Mosmon (among others) have offered a rebate to the tune of 6% (May 2014-May 2015).

There is a growing concern that in the prestige market zone, especially above the $10 million line, prices are not touching marks they used to before the GFC.

You can read the original article here.