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Housing Affordability Plummets to its lowest point in almost Three decades - REIA

REIA President, Leanne Pilkington said the analysis from REIA’s latest Housing Affordability Report shows the average loan repayment now amounts to 48.1% of the median family income, 1.3 percentage points more than last quarter.

National

The Economy

The end of the rental boom is in sight - CoreLogic

By Tim Lawless, Research Director, CoreLogic Australia.

Victoria (Vic.)Melbourne

Featured Property

c1890s Malvern Victorian for sale - Marshall White

10 Sorrett Avenue Malvern for sale by Marcus Chiminello, Rae Tomlinson, and James Tomlinson of Marshall White creates an unforgettable backdrop to relaxed family living and lavish entertaining.

New South Wales (NSW)Sydney

Featured Property

Gerroa Headland South Coast luxury for sale - Belle

164 Stafford Street Gerroa for sale by Jane Zwar of Belle Property Berry offers privacy and stunning panoramic views of the South Coast.

Queensland (Qld)Brisbane

Featured Property

LARC Hamilton Hill sold for $12.3m by Place in 14 days

7 Prospect Terrace Hamilton sold by Heath Williams of Place New Farm was designed by Joe Adsett to take in panoramic views of the city and river.

New South Wales (NSW)Sydney

Featured Property

c1885 Kailoa McMahons Point auction - DiJones

44 Union Street McMahons Point for sale by Tim Fraser, Nigel Mukhi, and Oscar Hedensjoe of DiJones is on the market for the first time in almost 25 years.

Queensland (Qld)Brisbane

Featured Property

Gill House Norman Park riverfront for sale - Place

52 Wendell Street Norman Park for sale by Sarah Hackett and Lauren Marmotta of Place New Farm is both exquisite in its style and wonderfully liveable.

National

The Economy

Slight dip in auction volumes over first week of spring - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Western Australia (WA)Perth

People

Perth agency Haiven Property secures 5th consecutive top office REIWA award

Haiven Property has continued its stellar run at the annual reiwa.com Awards, taking out the top medium office category for a fifth consecutive year.

New South Wales (NSW)Sydney

People

LJ Hooker Tumbi Umbi | Killarney Vale rebrand

Justin and Belinda Bond, owners of LJ Hooker Tumbi Umbi | Killarney Vale, announce their agency's new name: LJ Hooker Tumbi Umbi | Killarney Vale | Bateau Bay, reflecting their expanded commitment to the Central Coast community.

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News Roundup

https://www.commo.com.au/news/2020/08/13/uptick-demand-fitted-out-office-space-sydney-jll/1597297936

Uptick in demand for fitted out office space in Sydney - JLL

As companies look to consider ways to reduce their leasing lead times and cash expenditures in the current environment, JLL is observing an uptick in demand for office space that is already fitted out.

Commo.

https://www.thehotelconversation.com.au/news/2020/08/14/frasers-property-prime-waterfront-retail-space-sold-tavern-operators-balmoral

Frasers Property prime Waterfront retail space sold to Tavern operators Balmoral Hospitality

Balmoral Hospitality to operate The Waterfront dining precinct Shell Cove Shellharbour. Leading Tavern operators Andrew Denmeade and Joel Fisher ups commitment to world class tourist destination developed by Frasers Property Australia.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/08/14/potential-changes-indonesian-foregin-ownership-laws-could-provide-enormous

Potential changes to Indonesian foregin ownership laws could provide 'enormous opportunity' for investors: Invest Islands

Invest Islands co-founders Jack Brown and Kevin Deisser believe it could be time to loosen the clauses of foreign ownership in Indonesia.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/08/13/regional-travel-boon-kickstart-australia%E2%80%99s-economy-cbre-report/1597259144

Regional travel boon to kickstart Australia’s economy - CBRE report

Regional operators are benefiting from the absence of international holidaying, with a significant proportion of the 181 million domestic outbound visitor nights recorded in 2019 being diverted towards local options, according to new data from CBRE.

The Hotel Conversation

https://www.theaseandeveloper.com/2020/08/13/dexus-and-frasers-unveil-25-billion-sydney-tech-central-towers/1597302260

Dexus and Frasers unveil $2.5 billion Sydney Tech Central towers

The design of a new $2.5 billion development by Dexus-Frasers has been unveiled at Sydney's Central Place as part of the new Tech Central precinct.

The ASEAN Developer

https://www.theindustrialist.com.au/news/2020/08/10/ozito-industries-takes-first-tenancy-frasers-property-industrial%E2%80%99s-dandenong-south

Ozito Industries takes the first tenancy in Frasers Property Industrial’s Dandenong South development

Frasers Property Industrial has secured power tools and garden products company Ozito Industries Pty Ltd (Ozito) as the company’s first tenant in the Rubix Connect industrial estate in a deal negotiated by CBRE Senior Directors David Aiello and Stephen Adgemis.

The Industrialist

https://www.commo.com.au/news/2020/08/12/retailers-locking-down-space-melbourne-cbd-ahead-eventual-rebound-cushman-wakefield

Retailers locking down space in Melbourne CBD ahead of eventual rebound - Cushman & Wakefield

Amid the tightest social restrictions for Victorians to date, a number of retailers are committing to new leases in the Melbourne CBD to position themselves for the eventual rebound in consumer spending and trading conditions, according to Cushman & Wakefield’s Head of Retail Leasing Victoria, Michael DiCarlo, and National Research Director Tony Crabb.

Commo.

https://www.retalkasia.com/news/2020/08/10/juwai-iqi-adds-new-member-senior-team/1597041991

Juwai IQI adds new member to senior team

Juwai IQI has appointed Leon Kong as General Manager for Online Advertising Solutions.

Retalk Asia