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John McGrath – What’s driving multi-speed price growth across Australia?

John McGrath highlights Australia's diverse property market with varied 12-Month price changes across capital cities and regions.

New South Wales (NSW)Sydney

Politics

REINSW: More hidden taxes for property owners

The Real Estate Institute of NSW (REINSW) has revealed another under-handed NSW Government plan to charge property owners more to offset increasingly “unaffordable” insurance costs says REINSW CEO Tim McKibbin.

Queensland (Qld)Sunshine Coast

Featured Property

Waterfront Trevor Reitsma designed Noosa auction - Reed & Co.

10 The Promontory Noosa Waters for sale by Adrian Reed and Taylor Clout of Reed & Co. offers a sanctuary of refined elegance and contemporary design.

Victoria (Vic.)

People

Ray White’s inclusive auction sets a new standard for accessibility

Ray White Noble Park made history last night by providing an Auslan interpreter to sign the live auction call of 28 Jacana St, Noble Park.

Queensland (Qld)

People

Antony Thompson from Blac Property Group joins forces with Plum Partners

Antony Thompson's Blac Property Group flourishes with Plum Partners, growing from three to over twenty team members in 18 months.

National

The Economy

Auction activity down -6.7% week-on-week across the combined capitals - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

National

The Economy

Mortgage arrears rising from record lows, expected to increase further - CoreLogic

By Tim Lawless, Research Director, CoreLogic Australia.

Queensland (Qld)Brisbane

Featured Property

Double riverfront New Farm Refinery for sale - Place

2132/32 Refinery Parade New Farm for sale by Sarah Hackett and Charmaine McDonald of Place New Farm pays homage to New Farm’s past while celebrating modern sophistication.

New South Wales (NSW)Sydney

Bondi Beach unit block sold bringing total recent sales of this property type to nearly $19m - Knight Frank

An art deco block of four units 'The Pines' 88 Francis Street Bondi Beach sold to international investor by James Masselos, Adam Droubi and Demi Carigliano of Knight Frank.

National

The Economy

RBA keeps interest rates steady at 4.35% - The Agency

RBA holds cash rate at 4.35% as CPI Data supports outlook, comments Geoff Lucas CEO of The Agency.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2020/05/25/victorian-government-announces-15-million-eco-pod-funding-mount-buffalo/1590390130

Victorian Government announces $1.5 million 'eco-pod' funding for Mount Buffalo

The Victorian Government has signalled its intention to turn Mount Buffalo into a 12-months-a-year tourism destination through support for new “eco pod” accommodation.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2020/05/19/ats-building-supplies-signs-lease-moorebank-logistics-centre-sydney-cbre/1589855347

ATS building supplies signs lease for Moorebank Logistics Centre in Sydney - CBRE

ATS Building Supplies is relocating to a 12,501 square metre facility in the newly developed Moorebank Logistics Park as part of a deal negotiated by CBRE’s Adam Tresidder and Tom Rourke.

The Industrialist

https://www.thehotelconversation.com.au/news/2020/05/22/nsw-government-open-pubs-clubs-cafes-and-restaurants-50-patrons/1590124970

NSW Government to open pubs, clubs, cafes and restaurants to 50 patrons

The NSW Government will allow pubs, clubs, cafes and restaurants to have up to 50 customers June 1.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/05/22/nando%E2%80%99s-partners-foodbank-provide-1-million-meals-aussies-need/1590104595

Nando’s partners with Foodbank to provide 1 million meals to Aussies in need

The community-focused initiative follows Nando’s recent effort to support frontline workers.

The Business Conversation

https://www.retalkasia.com/news/2020/05/22/climate-change-and-food-security-set-dominate-real-estate-strategies-savills

Climate change and food security set to dominate real estate strategies - Savills

Savills has examined the effects of climate change on various aspects of real estate activity as part of its Impacts research programme, launching a Food Security Index where 38 countries have been ranked on availability, access, stability and utilisation.

Retalk Asia

https://www.thehotelconversation.com.au/2020/05/21/w-melbourne-open-december-2020/1590029081

W Melbourne to open in December 2020

Melbourne’s first luxury lifestyle hotel, W Melbourne is set to shake up the city’s hospitality scene, with W Melbourne’s General Manager Damon Page.

The Hotel Conversation

https://www.theaseandeveloper.com/properties/2020/05/19/crown-group-breaks-record-selling-three-penthouses-and-63m-worth-apartments

Crown Group breaks record selling three penthouses and $63M worth of apartments

Leading Australian property developer Crown Group has sold $63 million worth of luxury apartments and broken its own record by selling three penthouses in three months.

The ASEAN Developer

https://www.commo.com.au/news/2020/05/21/what-businesses-need-consider-heading-back-office/1590039595

What businesses need to consider before heading back into the office

JLL has developed a ‘Building Re-Occupation guide’ which Australian Head of Property Management Richard Fennell says provides a framework to guide property teams on some common issues regarding the building re-occupation phase.

Commo.