The Real Estate Conversation

New South Wales (NSW)Sydney

Airbnb creating housing crisis for regional Australia - REIA

REIA CEO Anna Neelagama speaks at national press conference on housing crisis facing regional Australia.

Vacancy rates fluctuate across NSW as rental crisis continues to grip market

The REINSW Vacancy Rate Survey results for April 2023 show that residential vacancies in Sydney remain at their lowest level since April 2011.

Queensland (Qld)Brisbane

People

Ray White Rochedale welcomes agent Jason Song

Brisbane’s southside, Ray White Rochedale is thrilled to announce the addition of a high performing real estate agent to their top performing team.

Combined capitals record a preliminary clearance rate above 70% for the second consecutive week (74.4%) - CoreLogic

Auction activity decreased -3.0% this week, with 1,673 auctions held across the combined capitals. The previous week saw 1,724 homes auctioned, while this time last year, 2,879 capital city auctions were held.

Construction

New home sales remain at rock bottom - HIA

“Sales of new homes across Australia rose by 6.8 per cent in April 2023 compared to the previous month,” stated HIA Chief Economist, Tim Reardon.

John McGrath – Has beachside living eclipsed metro appeal?

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, it is very hard to get it wrong when buying property in beach suburbs, no matter which price bracket you’re purchasing in.

Politics

Housing Minister Delivers First Post Budget Address to Real Estate Industry - REIA

The Real Estate Institute of Australia hosted the Minister for Housing and Small Business, the Honorable Julie Collins MP, for her first post Budget 2023-24 address to industry.

Queensland (Qld)

Politics

Add your voice to the REIQ’s rental reform campaign

The Real Estate Institute of Queensland (REIQ) is calling on property managers and property investors in Queensland to join its campaign to convince the State Government to reconsider proposed stage 2 rental law reforms.

https://www.thehotelconversation.com.au/news/2019/04/12/grand-hotel-cairns-sold-pelathon-85m/1555024832

People

First National Real Estate Announces National Awards at Hobart Convention

First National Real Estate’s agents were presented with their General Excellence and Marketing Awards last night at Hobart’s Princes Wharf One (PW1), with famous Australian comedian Dave Hughes serving as the glittering event’s guest of honour.

People

Innovation attracts elite sales team to Atlas Lower North Shore

Atlas Lower North Shore has welcomed one of Sydney’s top agents, Scott Thornton, as a new partner into their business alongside Michael Coombs and Peter Kakos as they continue their record-breaking year. Nick Georges, Head of Network for Atlas, said the high-end prestige brand continues to attract talented and high-performing agents to the group.

Pages

News Roundup

Grand Hotel in Cairns sold to Pelathon for $8.5m

Pelathon Management has acquired the Grand Hotel in Cairns and two adjoining sites for $8.5 million, in a deal negotiated by CBRE Hotels Director Paul Fraser and CBRE Cairns Managing Director Danny Betros.

https://www.thehotelconversation.com.au/news/2019/04/10/leanne-harwood-joins-board-accommodation-association-australia/1554892112

Leanne Harwood joins the board of Accommodation Association of Australia

The Accommodation Association of Australia (AAoA) has announced a bolstering of its leadership ranks with the addition of Ms Leanne Harwood, Managing Director, Australasia & Japan InterContinental Hotels Group.

https://www.commo.com.au/news/2019/04/10/investor-demand-victorian-retail-assets-remains-strong-despite-muted-activity

Investor demand for Victorian retail assets remains strong despite 'muted' activity - Savills Australia

Savills Australia has released its Q1 2019 National Retail Quarter Time report, highlighting the vastly different outcomes across states and sub-sectors.

COMMO

https://www.retalkmena.com/news/2019/04/11/aldar-properties-prepare-lea-sales-launch/1554939164

Aldar Properties prepare for Lea sales launch

Aldar Properties PJSC (‘Aldar’) has announced the launch of its latest waterfront development, Lea.

RETALK MENA

https://www.thehotelconversation.com.au/properties/2019/04/10/american-river-resort-kangaroo-island-luxury-hotel-development-sale/1554889387

American River Resort Kangaroo Island luxury hotel development for sale

Colliers International have been appointed as the exclusive selling agents for the American River Resort, a new offering on Kangaroo Island in South Australia.

https://www.commo.com.au/news/2019/04/10/soccer-sales-griffiths-journey-one-pitch-another/1554846625

From soccer to sales: Griffiths' journey from one pitch to another

Former Perth Glory defender Brent Griffiths has found a home away from the pitch in commercial real estate.

COMMO

https://www.mingalarrealestateconversation.com/news/2019/04/09/condominium-law-revive-buyer-interest/1554773443

Condominium Law to 'revive' buyer interest?

Units which fall under Myanmar's Condominium Law are expected to hit the market in the coming months says Colliers International.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/04/09/hilton-partners-ml-hospitality-expand-presence-australia-signing-hilton-melbourne

Hilton partners with M&L Hospitality to expand presence in Australia with signing of Hilton Melbourne Little Queen Street

Hilton today announced the signing of Hilton Melbourne Little Queen Street, adding to Hilton Hotels & Resorts’ portfolio of 106 world class properties in the Asia Pacific region. Under a management agreement with M&L Hospitality, Hilton will manage the 244-room new-build hotel.