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As rates rise and times get tough, property investors opt out of market - CoreLogic

According to CoreLogic, in three capital cities - Sydney, Melbourne and Perth - investor listings for May were actually higher than the previous decade average.

National

People

Paralysed by a big decision? See what you can learn from a coin toss

Should you go and grab the nearest coin to make a decision? We don’t think you need to do that. But you should look at the key finding from the study.

New South Wales (NSW)

Featured Property

Riverside Yamba acreage for sale - Pacifico Property

60 Micalo Road Yamba for sale by Christian Sergiacomi and Brad Cranfield of Pacifico Property is a sea change, tree change and lifestyle retreat all in one.

New South Wales (NSW)Sydney

Featured Property

Manly beach house breaks Sydney record for highest price achieved at auction - Belle

77 Bower Street Manly sold by Anthony Calacoci and Luke Burgess of Belle Property also set a new Manly suburb record.

Victoria (Vic.)Melbourne

People

Belle Property expands its footprint in Melbourne’s Inner North

Boutique real estate brand, Belle Property today announced the opening of new offices in the Melbourne Inner North suburbs of Ascot Vale and North Melbourne, through a merger with Alexkarbon Real Estate.

National

The Economy

Australia's most mortgaged regions and the impact of 12 rate hikes (and counting) - CoreLogic

The June cash rate decision doused hopes for many Australians that rate hikes were nearing an end. It prompted the major bank economists to reset their forecasts for the terminal cash rate to at least 4.35%, dragged on consumer sentiment, and may take some steam out of the recent housing market recovery.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Sydney and Melbourne record lowest preliminary auction clearance rates since April 2023 - CoreLogic

Capital city auction activity almost doubled this week following the quieter long weekend last week. It is the highest number of auctions in 11 weeks, with 1,951 homes scheduled.

New South Wales (NSW)Sydney

The Economy

Rental crisis continues to grip NSW, as vacancy rates fluctuate - RIENSW

The REINSW Vacancy Rate Survey results for May 2023 show that residential vacancies in Sydney remain at crisis levels.

Victoria (Vic.)Melbourne

Featured Property

World-class sub-penthouse Sapphire by the Gardens for sale - Colliers

Level 55 63 La Trobe Street, Melbourne for sale by Nancy Monitto of Colliers in conjunction with Steven Chen of The Agency Projects has panoramic views of UNESCO World Heritage Carlton Gardens.

International

The Economy

Clearance rates on the rise at Ray White New Zealand auctions

Ray White New Zealand recorded a 59.2 per cent all sold clearance rate last week, up 20.27 per cent year on year.

Pages

News Roundup

https://www.rethinktokyo.com/china%E2%80%99s-housing-glut-japan%E2%80%99s-real-estate-market

Does China’s housing glut foreshadow the future of Japan’s real estate market?

China is stuck with 65 million empty apartments due to oversupply and overpricing. Will Tokyo's soaring real estate market face the same fate?

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/06/10/how-boutique-hoteliers-can-boost-their-cash-flow/1560165871

How boutique hoteliers can boost their cash flow

BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/06/07/designs-unveiled-new-timber-office-building-melbourne-central/1559890273

Designs unveiled for new timber office building at Melbourne Central

Plans for a large-scale timber office building in Melbourne's CBD have been released to the public.

The Asean Developer

https://www.mingalarrealestateconversation.com/news/2019/06/11/interim-census-planned-november-year-review-growing-social-and-economic-affairs

Interim census planned for November this year - to review growing social and economic affairs

Rapidly growing social and economic affairs in Myanmar have triggered a plan for an interim census to be held this year announced by the Ministry of Labor, Immigration and Population.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/06/06/naumi-hotels-revealed-buyer-dairy-private-hotel-queenstown/1559789741

Naumi Hotels revealed as buyer of The Dairy Private Hotel in Queenstown

Naumi Hotels – Singapore-based private hotel owner and operator announced today that it is expanding its presence in Australasia with the acquisition of business of The Dairy Private Hotel in Queenstown, New Zealand.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2019/06/06/institutional-investors-dominate-brisbane%E2%80%99s-industrial-market-q1-2019/1559798816

Institutional investors dominate Brisbane’s industrial market for Q1 2019

There has been $230 million worth of logistics and warehouse sales in Brisbane so far this year, according to new data from Colliers International.

The Industrialist

https://www.commo.com.au/news/2019/06/03/park-ridge-retail-centre-sold-417-million/1559543434

Park Ridge retail centre sold for $4.17 million

A convenience retail centre at 3722 Mt Lindesay Highway, Park Ridge has been sold to a local investor for $4.17 million.

COMMO

https://www.commo.com.au/news/2019/06/05/sydney-and-melbourne-leading-two-speed-office-economy-says-lj-hooker/1559718137

Sydney and Melbourne leading two-speed office economy, says LJ Hooker

Sydney and Melbourne’s CBD office markets continue to underline the nation’s two-speed economy, but floorspace is being absorbed in resource-rich states, according to LJ Hooker Commercial’s recently released Office Market Monitor.

COMMO