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Auction activity takes a long weekend break - CoreLogic

Capital city auction activity is set to take a long weekend break this week, with 1,088 homes expected to go under the hammer across the combined capitals.

Victoria (Vic.)Melbourne Brighton

Featured Property

Brand new 1,027sqm Brighton for sale - Fredman

31 Seymour Grove Brighton for sale by Joel Fredman of Fredman Property Group offers north-facing family living of the highest calibre.

Victoria (Vic.)Melbourne

Politics

State Budget bad news for Victorian renters, says REIV

The Real Estate Institute of Victoria (REIV) has criticised the land tax increases announced in the State Budget, saying they will only worsen the current rental crisis facing Victorians.

National

The Economy

More than 40% of Australian house and unit markets record double-digit rent increase - CoreLogic

A surge in overseas migrants and international students coupled with a significant shortfall in rental listings has led to the strongest annual rental increase on record for Australia’s capital cities.

New South Wales (NSW)Sydney

Featured Property

Palatial Vaucluse family home for sale - Ray White

26 Olphert Avenue Vaucluse for sale by Adam Reichman and Elliott Placks of Ray White Double Bay offers thoughtful Hamptons-inspired renovations and resort-style features.

New South Wales (NSW)Sydney

Featured Property

New Hills District record for 1,300sqm Middle Dural acreage - LJ Hooker

1 Mcleod Road Middle Dural sold by William Brush and Peter Colusso of LJ Hooker Dural sold within the $14-15m guide to interstate buyers.

National

The Economy

Housing affordability at its worst this century - REIA

Real Estate Institute of Australia (REIA) President, Hayden Groves has said that housing affordability, rental affordability and first home ownership has declined over the March quarter 2023.

Victoria (Vic.)

Featured Property

Simon O'Donnell's 200-acre Willowmavin estate for sale - Marshall White

465 McHargs Road Willowmavin for sale by Chris Barrett and John Bongiorno of Marshall White offers endless options as a lifestyle sanctuary, working farm, AirBnB or equestrian centre.

Queensland (Qld)Gold Coast

Featured Property

Mulpha releases first ever Sanctuary Cove penthouses

The two Harbour One waterfront penthouses have been designed to exude luxury coastal living and set a new benchmark for quality on the Gold Coast.

National

The Economy

Steam to come out of housing market recovery as RBA rate-hiking cycle rolls on - CoreLogic

The RBA has lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year

Pages

News Roundup

https://www.rethinktokyo.com/faq-secondhand-homes-renovation-japan

Why buy new if you can fix it? All you need to know about secondhand homes and apartment renovations in Tokyo

The second-hand apartment market in Tokyo is on the rise. We answer buyers’ most common questions on purchasing older units and renovating them.

REthink Tokyo

https://www.commo.com.au/news/2019/05/27/northern-sydney-office-building-sold-11-million/1558963899

Northern Sydney office building sold for $11 million

A Crows Nest commercial property has been sold to a Chinese-Australian investor for $11 million after being marketed for sale by CBRE.

COMMO

https://www.theaseandeveloper.com/news/2019/05/28/brisbanes-roma-street-station-get-underground-treatment-250-million-upgrade

Brisbane's Roma Street Station to get underground treatment in $250 million upgrade

Roma Street Station’s busway interchange will undergo a $250 million underground transformation to create a "seamless" connection to the government’s Cross River Rail Project.

The Asean Developer

https://www.thehotelconversation.com.au/news/2019/05/29/new-flights-seoul-gold-coast-worth-millions-economy/1559091482

New flights from Seoul to the Gold Coast worth millions to economy

New flights direct from Seoul to the Gold Coast will pump more than $176 million into the economy and create close to 2,000 jobs over the next three years.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/05/27/get-know-brisbane-marketing%E2%80%99s-new-chairman-paul-spiro/1558952701

Get to know Brisbane Marketing’s new Chairman, Paul Spiro

Brisbane Marketing’s new Chairman, Paul Spiro, has given a candid interview discussing the future of Brisbane and his future plans for the city.

The Hotel Conversation

https://www.mingalarrealestateconversation.com/news/2019/05/21/future-competition-poses-investor-opportunities-yangon-serviced-apartment-market

Future competition poses investor opportunities in the Yangon Serviced Apartment Market - Colliers

Colliers International release the Quarterly Yangon Serviced Apartment Report Q1 2019

Mingalar Real Estate Conversation

https://www.mingalarrealestateconversation.com/news/2019/05/21/future-competition-poses-investor-opportunities-yangon-serviced-apartment-market

Hall Street site sold for $6.5 million to Cadence Property Group

Developer and funds manager Cadence Property Group has acquired a Hall Street site for $6.5 million for its new headquarters in the Hawthorn East.