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Easing inflation welcomed but no respite on housing - REIA

Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest ABS figures indicate inflation is continuing to moderate eliminating the need for further interest rate rises, however the housing crisis remains a top priority for governments to address.

Tasmania (Tas.)

People

Belle Property opens its first office in Tasmania

Belle Property announced its expansion into the Tasmanian market with the opening of a new office in Launceston led by Principal Jane Crawford, who has serviced the local market for the last 17 years.

New South Wales (NSW)

Featured Property

Wapengo Sapphire Coast 35-ha estate Dundundra sold by Cullen Royle

Dundundra 71 Whittles Road Wapengo sold by Richard Royle and Deborah Cullen of Cullen Royle, as buyers are being drawn to coastal lifestyle farms.

New South Wales (NSW)Sydney

The Economy

Sydney luxury residential rents rise by 13.1% over 12 months, the third highest growth of 10 global cities measured by Knight Frank

Sydney's annual luxury rental growth in the 12 months to the end of June 2023 surged from 11.7% to 13.1% compared to the previous quarter, bucking the global trend of slowing growth in rental rates, according to the latest research from Knight Frank.

National

The Economy

Approvals for multi-units dip in July - HIA

“Residential building approvals in July 2023 continue to tread at very low levels, with this month’s decline led by a relatively sharper fall in multi-units,” stated Tom Devitt, HIA Senior Economist.

Queensland (Qld)

People

Dream homes paired with the best loans: The new Horizon for real estate

For many buyers, purchasing property can be a stressful experience. The process can be disjointed and finding the best loan to secure a dream property is a mine field. But that’s set to change with the launch, in partnership with UrbanX, of Horizon Estate Agents.

Tasmania (Tas.)Hobart

People

A Catalyst for Positive Change: New Haus Agency launches with UrbanX

Hobart real estate agent Ed McKay partnered with UrbanX and created a brand that leads the way towards a greener and better future for Tasmania.

National

People

Professionals’ national expansion continues with six new offices

The new financial year has kicked off strongly for Professionals with the opening of five new offices across the country in July, taking the total to six for the quarter.

National

The Economy

Time to move forward together to help renters - REIA

The Real Estate Institute of Australia (REIA) has provided a ten-point plan aimed at assisting Australian renters to the Federal Senate Inquiry (the Inquiry) into the worsening rental crisis.

National

The Economy

The combined capital clearance rate dipped as Sydney and Melbourne hosted the busiest auction week since Easter

The combined capital clearance rate dipped as Sydney and Melbourne hosted the busiest auction week since Easter.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2019/09/03/domestic-demand-new-zealand-offsets-soft-international-numbers-reports-cbre

"Domestic demand in New Zealand offsets soft international numbers" - reports CBRE

International visitor nights across New Zealand decreased by 2.3% in the 12 months to June 2019, while domestic nights increased by 3.8% resulting in a 1.1% increase overall - the CBRE New Zealand Research Centre has reported.

The Hotel Conversation

https://www.rethinktokyo.com/japan-online-resale-sites

Japan's online resale sites you maybe didn't know about

Where to pick up free stuff, sell old items to make some cash, and reduce your environmental impact.

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/09/02/hotel-investments-hit-us45-billion-first-six-months-2019-says-jll/1567385605

Hotel investments hit US$4.5 billion in the first six months of 2019, says JLL

Asia Pacific hotel investments hit US$4.5 billion in the first six months of 2019, with more than half of the capital originating from domestic buyers in Japan, China and Australia, global real estate consultancy JLL have reported.

The Hotel Conversation

https://www.commo.com.au/news/2019/08/28/family-owned-childcare-business-secures-fourth-premises/1566951394

Family-owned childcare business secures fourth premises

A childcare operator has swooped in to secure two adjoining bayside allotments ripe for redevelopment in a transaction worth $2.2 million

COMMO

https://www.commo.com.au/news/2019/08/28/lingering-issues-secondary-office-markets-perth-brisbane-adelaide-and-canberra

Lingering issues for secondary office markets in Perth, Brisbane, Adelaide and Canberra: report

Improvements in prime office vacancy rates have masked an underlying issue in many of Australia’s major CBD markets, says CBRE

COMMO

https://www.thehotelconversation.com.au/properties/2019/08/29/queens-ferry-hotel-sold-colliers-international-auckland/1567062385

The Queen's Ferry Hotel sold by Colliers International - Auckland

Auckland’s iconic Queen’s Ferry Hotel, a freehold character property in the heart of the CBD, has been sold by Kris Ongley and Peter Herdson from Colliers International for NZ$4,400,000.

The Hotel Conversation

https://www.retalkmena.com/news/2019/08/29/dubai-prime-rental-growth-impacted-world-markets-savills/1567050290

Dubai prime rental growth impacted by world markets - Savills

The Savills World Cities Prime Residential Rental Index indicates Dubai has dropped down the world rankings for rental growth in the first half of 2019.

REtalk MENA

https://www.commo.com.au/news/2019/08/28/no-better-time-invest-parramatta-retail-says-ray-white/1566968328

No better time to invest in Parramatta retail, says Ray White

Parramatta CBD has been a hive of activity for the past five years, with short-term disruption meaning the medium-term transformation of the CBD will bring an increased vibrancy and activity to a new world-class city, according to Ray White’s latest Between the Lines report.

COMMO