Prestige property counting on the Malcolm Turnbull effect

Two Saturdays ago, buyers’ agent David Morrell attended an auction in the upmarket Melbourne suburb of Glen Iris.

He wasn’t expecting the renovated Californian bungalow to shoot the lights out, but on that first Saturday after Malcolm Turnbull ousted Tony Abbott as prime minister, Mr Morrell was surprised.

Sydney, Melbourne property markets ‘moderating’, not in downturn, says UBS

Softening auction clearance rates and a regulatory crackdown on lending to investors point to a cooling in the hot residential property markets of Sydney and Melbourne.

However, a range of experts has been quick to refute the idea that either city’s market is a bubble set to pop, despite robust price growth over the past few years.

Lockouts Are Driving Up High End Property Demand In King Cross

In news that will come as a surprise to few, demand for high end property in Kings Cross is reportedly on the rise following the institution of Sydney’s Lockout Laws.

According to Domain, baby boomers and young families from elite suburbs as Woollhara and Paddington are flooding into the former nightlife precinct with the closure of many of the famous areas bars and nightclubs paving the way for gentrification to the joy of real estate agents and property investors.

Sahara Gets Notice, Supreme Court Threatens Property Takeover

The Supreme Court on Monday issued a notice to the embattled Sahara Group, asking why a receiver should not be appointed to take over and sell its properties for repayment of Rs 36,000 crore to investors.

Sahara has four weeks to reply to the top court’s notice. A receiver is a person who is given the custodial responsibility of others’ properties.

Astronomical costs of intellectual property rights patently wrong

It seems cruel that it costs comparatively little to launch groundbreaking ideas into space yet so many are held back by the billions spent protecting intellectual property rights on earth.

The price of funding the International Space Station, the collaborative project that has taken the technology of many corporate tots to the stars, is about €100bn over a decade, according to Europe’s Space Agency. That means every European paying about €1 a year.