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REINSW: Rent bidding ban backfires

The NSW Government’s ban on agents from engaging in ‘rent bidding’ has had a counterproductive impact, according to the Real Estate Institute of NSW (REINSW), as tenants are not only now more aware that they can offer above the asking rent, they are increasingly doing so because they believe they must.

Queensland (Qld)Brisbane

Politics

Government intent on driving away investors, says REIQ

The Real Estate Institute of Queensland (REIQ) is calling on the Queensland Government to immediately withdraw its startling comments which dangerously put rent control on the table yet again.

Queensland (Qld)Gold Coast

People

From the AREC stage to centre stage. Find out which top-performing agent has launched his own business

From commercial fisherman to luxury million-dollar agent, Hanan Cawley is bringing a new era of excellence to the Gold Coast's real estate market.

New South Wales (NSW)Sydney

The Economy

Sydney ranks 6th out of 10 cities globally for luxury residential rental growth - Knight Frank

Sydney saw the sixth highest annual growth in luxury residential rents in 2022 out of 10 ranked global cities, according to the latest research from Knight Frank.

National

The Economy

REIA President urges owners to lease vacant properties

REIA President has urged Australians holding vacant properties to consider putting them into the rental pool as the winter months approach.

National

The Economy

Second busiest auction week, year-to-date says CoreLogic

According to Caitlin Fono, Research Analyst of CoreLogic, preliminary capital city clearance rates slip following a further rise in interest rates.

National

The Economy

Are property investors getting out of the market? - Ray White

Mortgage stress has risen dramatically since last year but so far we are yet to see an increase in people selling as a result according to Nerida Conisbee, Ray White Chief Economist.

National

The Economy

John McGrath – Property ownership among women is rising

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, there has been a slight increase in the number of women homeowners in Australia over the past 12 months.

Victoria (Vic.)Melbourne

Featured Property

Bates Smart designed Collins House sub-penthouse for sale - Kay & Burton

5401/464 Collins Street Melbourne for sale by Gary Ormrod and Monique Depierre of Kay & Burton offers luxury, sophistication and exclusivity with extraordinary views of the Yarra River, MCG and Dandenong Ranges.

Western Australia (WA)Perth

The Economy

Affordability declines but WA remains affordable to buy and rent - REIWA

Interest rates are starting to bite, with housing affordability declining across the country according to the REIA Housing Affordability Report for the December 2022 quarter.

Pages

News Roundup

https://www.theaseandeveloper.com/news/2019/02/11/mountain-highway-development-site-sold/1549854833

Mountain Highway development site sold

A Bayswater development site along the Mountain Highway has been sold by Savills.

The ASEAN Developer

https://www.commo.com.au/news/2019/02/12/zagame-family-acquires-abbotsford-office-building-site-australian-education-union

Zagame family acquires Abbotsford office building site from Australian Education Union

Fitzroys has negotiated the sale of an office building site in Abbotsford on behalf of the Australian Education Union's Victorian branch.

COMMO

https://www.thehotelconversation.com.au/news/2019/02/11/nzicc-local-art-installation-begins/1549855190

NZICC local art installation begins

Construction of the New Zealand International Convention Centre (NZICC) has reached another milestone, with the installation of the first of the glass art work covering the exterior top of the building.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/02/11/brisbane-airport-and-brisbane-marketing-partnership-boost-tourism/1549840591

Brisbane Airport and Brisbane Marketing partnership to boost tourism

Brisbane Airport Corporation and Brisbane Marketing have entered into a three year multi-million dollar partnership to boost recognition of Brand Brisbane to international audiences, further enhancing Brisbane’s position as an international gateway to Australia.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2019/02/11/global-quickbooks-study-highlights-small-business-cash-flow-woes/1549837300

Global QuickBooks study highlights small business cash flow woes

Half of Australian small businesses surveyed have lost $10,000 or more by foregoing a project or sales due to cash flow issues.

The Business Conversation

https://www.retalkasia.com/news/2019/02/08/asia-property-market-outlook-challenging-2019-opportunities-remain-occupiers-and

Asia property market outlook challenging in 2019, but opportunities remain for occupiers and investors

Colliers International released its latest predictions for the Asia property market in 2019

RE Talk Asia

https://commo.com.au/news/2019/02/08/opportunity-beckons-bendigo-gateway-sale/1549599397

Opportunity beckons in Bendigo with Gateway sale

The listing of a seven-hectare site within Bendigo by Killen Thomas has come a month before Qantas start flying directly to the region from Sydney.

COMMO

https://www.thehotelconversation.com.au/news/2019/02/07/mount-lofty-house-completes-6m-refurbishment-new-15m-sequoia-development-opening

Mount Lofty House completes $6m refurbishment, with new $15m 'Sequoia' development opening September 2019

Built in 1852 by Arthur Hardy as a summer house, Adelaide's iconic five-star hotel has recently completed a 12-month $6 million refurbishment of its 32 guest rooms and brand new reception area, restaurant, bar and conference facilities.

The Hotel Conversation