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John McGrath – Biggest migration surge in history impacting the market

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we are definitely seeing the impact of increased migration and a return of foreign investors in the property market this Spring season.

National

The Economy

Rate rises hit Sydney and Melbourne hardest - HIA

“The rise in the cash rate is hitting the Sydney and Melbourne new home markets the hardest,” stated HIA’s Chief Economist, Tim Reardon.

Western Australia (WA)Perth

The Economy

If short-stay incentive puts a roof over one family’s head, that’s a positive: REIWA CEO Cath Hart

REIWA CEO Cath Hart said the $10,000 short-stay incentive scheme announced by the Cook Government today could provide some welcome assistance to the heated rental market.

New South Wales (NSW)Sydney

Featured Property

North facing Palm Beach SALT for sale - LJ Hooker

Salt 69 Florida Road Palm Beach for sale by Peter Robinson and Dennis Kennelly of LJ Hooker Palm Beach delivers spectacular vistas from every room in the house.

Victoria (Vic.)

Featured Property

Narbethong St Fillan Farm for sale - Elders

723 Maroondah Highway Narbethong for sale by Nick Myer and Henry Mackinnon of Elders is an historic and significant landmark estate with productive farm.

Queensland (Qld)Brisbane

Featured Property

Early 20th-century Highgate Hill for sale - Place

9 Jones Street Highgate Hill for sale by Alex Rutherford and Sarah Hackett of Place New Farm delivers stunning city views and plentiful space for families and entertainers alike.

National

The Economy

CoreLogic expects weekly auction numbers to rise 39.2% this week

Following an easing in auction activity last week (2,023), CoreLogic is expecting weekly auction numbers to rise 39.2% this week.

Western Australia (WA)Perth

The Economy

Market welcomes rent relief measures: REIWA CEO Cath Hart

REIWA CEO Cath Hart today welcomed the Cook Government’s new WA Rent Relief Program, which is aimed at protecting tenants at risk of eviction.

New South Wales (NSW)

Featured Property

6-acre Bellingen riverfront for sale - Real Estate of Distinction

194 North Bank Road Bellingen for sale by Peter Stone and Boldizsar (Buzz) Barkoczy of Real Estate of Distinction includes a separate cottage which has been run as a holiday accommodation business.

Victoria (Vic.)Melbourne

Featured Property

10-acre Beaconsfield Yaruga for sale - Peake

244 Payne Road Beaconsfield for sale by Kristen Turner and Andrew Brown of Peake Real Estate seamlessly combines tranquility and entertainment with magnificent views.

Pages

News Roundup

https://www.commo.com.au/news/2019/11/27/melbourne-remains-tightest-cbd-office-market-country-jll/1574833243

Melbourne remains tightest CBD office market in the country- JLL

A new report from JLL has revealed a further decline in Melbourne office vacancy, which is expected to remain low despite a future rise in supply.

Commo.

https://www.thehotelconversation.com.au/news/2019/11/26/new-build-80-million-novotel-christchurch-airport-welcomes-first-guests/1574742977

New-build $80 million Novotel Christchurch Airport welcomes first guests

Accor has welcomed the first guests to the $80 million new-build Novotel Christchurch Airport hotel.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2019/11/26/fintech-ceo-wins-start-executive-year/1574722033

Fintech CEO Wins Start-Up Executive of the Year

“In a rapidly scaling start-up environment, the decisions we make as a leadership team can significantly pivot the business - and the challenges we face are amplified.”

The Business Conversation

https://www.commo.com.au/news/2019/11/26/parramatta-commercial-building-sold-626-million-charter-hall-direct-pfa-fund

Parramatta commercial building sold for $62.6 million by Charter Hall Direct PFA Fund

Charter Hall Direct PFA Fund has announced the sale of 9 Wentworth Street, Parramatta, NSW for $62.6 million to a private investor.

Commo.

https://www.thehotelconversation.com.au/news/2019/11/25/six-hotels-offering-unique-travel-experience/1574657665

Six hotels offering a unique travel experience

From the architecturally grand to the completely obscure, here are six unique hotels changing the game.

The Hotel Conversation

https://www.retalkasia.com/news/2019/11/22/offshore-gaming-driving-90-cent-residential-transactions-key-manila-districts-iqi

Offshore gaming driving 90 per cent of residential transactions in key Manila districts: IQI Caliver

Managing Director and VP for Growth of IQI Caliver in Manila, Emanuel Andrew Venturina, explains why developers of all sizes are betting that demand related to offshore gaming will continue to grow in the Philippines capital.

Retalk Asia

https://www.commo.com.au/news/2019/11/25/melbourne-heritage-investment-sold-51-million/1574659862

Melbourne heritage investment sold for $5.1 million

A heritage investment neighbouring St Vincent’s hospital has successfully transacted for $5.1 million to a local developer in a deal facilitated through CBRE’s Josh Twelftree, David Minty, Jimmy Tat, Sandro Peluso and Dylan Kylner.

Commo.

https://www.theaseandeveloper.com/news/2019/11/22/sydney-oxford-central-development-reaches-completion/1574375844

Sydney Oxford Central development reaches completion

Australian developer Greaton has completed its first Sydney project, with the Oxford Central mixed-use development in Epping now open for business.

The ASEAN Developer