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Victoria (Vic.)

People

McGrath turns its focus to regional Victoria expansion with a new office in Armstrong Creek

McGrath Estate Agents today announced the opening of a new office, McGrath Armstrong Creek in regional Victoria.

National Australian Capital Territory (ACT)New South Wales (NSW)Northern Territory (NT)Queensland (Qld)South Australia (SA)Tasmania (Tas.)Victoria (Vic.)Western Australia (WA)

The Economy

Just over 2,300 homes taken to auction across the combined capitals - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Victoria (Vic.)Melbourne Brighton Collingwood Fitzroy

The Economy

New rental minimum standards must consider financial capacity of rental providers - REIV

The Real Estate Institute of Victoria (REIV) today confirmed its intent to participate in the Victorian Government’s consultation process for proposed new minimum rental standards.

National

The Economy

John McGrath – What’s holding up new housing supply?

New home approvals per capita are at decade-lows right now, exacerbating a long-term undersupply of homes in Australia.

National

The Economy

CoreLogic Home Value Index: Sydney Recovers, Brisbane Overtakes Canberra

By Tim Lawless, Director of Research, CoreLogic.

Queensland (Qld)

People

Business as usual at Raine & Horne Ayr as sales specialist takes the reins

Raine & Horne Ayr is excited to announce the ownership transition to Mrs Carla Healy, effective 1 June 2024, as she takes over from long-term principals Mrs Nora and Mr Peter Andersen.

New South Wales (NSW)Sydney

People

Jeremy Brink joins BresicWhitney

Established Sales Agent Jeremy Brink will further cement the group’s leading position across Inner Sydney, as it surpasses $1 billion of sales for 2024.

New South Wales (NSW)Sydney

Featured Property

Billionaire's Row Manly Harbourfront auction - Max Walls International

15 Addison Road Manly for sale by Anthony Walls of Max Walls International delivers stunning water views and direct beach access.

National

The Economy

Just shy of 2,400 capital city homes up for auction this week - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

New South Wales (NSW)Sydney

People

REINSW appoints Australia's first AI board advisor

In an Australian-first, the Real Estate Institute of NSW (REINSW) has appointed Alice Ing (an AI bot) as an Advisor to the Board.

Pages

News Roundup

https://www.theaseandeveloper.com/2020/05/11/northmead-da-approved-residential-site-sold-29m-ray-white-commercial/1589149812

Northmead DA approved residential site sold for $2.9M Ray White Commercial

DA approved residential site sold post-auction for $2.9 m at 34-36 Briens Road Greater Western Sydney suburb of Northmead. Marketed and sold by Ray White Commercial Metropolitan Sydney Jeff Moxham, Samuel Hadgelias, in conjunction with Ray White Commercial Western Sydney Principal Peter Vines.

The ASEAN Developer

https://www.thehotelconversation.com.au/news/2020/05/11/canberra-and-brisbane-will-lead-recovery-australian-hotel-sector-colliers-survey

Canberra and Brisbane will lead recovery of Australian hotel sector - Colliers survey

Colliers International has launched their inaugural Australian Hotel Investor Sentiment survey in response to the COVID-19 health pandemic, with the results showing investors expect Canberra and Brisbane to lead the sector's recovery.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2020/05/11/charter-hall-secures-150000-square-metres-pre-leases-melbourne%E2%80%99s-west-bridgestone

Charter Hall secures 150,000 square metres of pre-leases in Melbourne’s West with Bridgestone to join Midwest Logistics Hub

The Charter Hall Prime Industrial Fund (CPIF) has secured Bridgestone at its master-planned 60-hectare Midwest Logistics Hub in Truganina, Melbourne.

The Industrialist

https://www.thehotelconversation.com.au/news/2020/05/06/karratha-hotel-performing-strongly-amidst-covid-19-climate/1588735463

Karratha hotel performing strongly amidst Covid-19 climate

In a period of significantly decreased hotel occupancies and closures across Australia, Best Western Plus The Ranges, in Karratha, WA, has defied expectations to record strong occupancy throughout the COVID-19 crisis.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2020/05/06/rolls-royce-motor-cars-reflects-unique-116-year-history/1588728621

Rolls-Royce Motor Cars reflects on unique 116-year history

A unique moment of historical symmetry for Rolls-Royce Motor Cars occurred on 4th May 2020.

The Business Conversation

https://www.theindustrialist.com.au/news/2020/05/07/brisbane-industrial-facility-sold-115-million-cbre-cushman-wakefield/1588824711

Brisbane industrial facility sold for $11.5 million - CBRE / Cushman & Wakefield

A Brisbane industrial asset tenanted by Ergon Energy has been sold to a private investor for $11.5 million in a deal negotiated by Dan Munnich and Ed Bull from CBRE, in conjunction with Cushman & Wakefield.

Commo.

https://www.thehotelconversation.com.au/news/2020/05/06/kingaroys-commercial-hotel-sold-savills/1588747032

Kingaroy's Commercial Hotel sold by Savills

Commercial Hotel Kingaroy sold by Leon Alaban of Savills hotels - owned by Underdog Hotels for 10 years.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/05/06/%E2%80%9Coverdue%E2%80%9D-changes-corporations-act-welcomed-governance-institute/1588734724

“Overdue” changes to Corporations Act welcomed by Governance Institute

Amendments will allow virtual AGMs and electronic execution of documents for a six month period from 5 May 2020.

The Business Conversation