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Victoria (Vic.)Melbourne

People

REIV appoints Megan Mander as General Manager – Operations

The Real Estate Institute of Victoria (REIV) announces it has appointed Megan Mander as General Manager – Operations.

National

The Economy

Housing affordability improves for the first time since 2021 - REIA

Housing affordability for home buyers has finally turned a corner with the March quarter of 2024, showing improvement for the first time in three years - but it’s a tale of two cities.

Queensland (Qld)Brisbane

Featured Property

Suburb record for 5-acre Chandler Stonebrook sold by Sotheby’s

598 London Road Chandler sold by Tyson Clarke of Queensland Sotheby’s International Realty broke the previous record of $11m for a prestige acreage property.

Western Australia (WA)

The Economy

Signs rental market is easing as Perth rents remain stable - REIWA

There are signs the rental market is easing as Perth’s median rents remained unchanged for the second month in a row, says REIWA CEO Cath Hart.

Queensland (Qld)

Politics

REIQ calls out home truths on State Government’s housing response

Ahead of the State Budget next week, the Real Estate Institute of Queensland (REIQ) is calling out the woeful state of the housing crisis and pushing for an accountable delivery plan from both parties.

National

The Economy

Where are the most affordable suburbs for renters? - Ray White

By Atom Go Tian, Senior Data Analyst Ray White Group.

Victoria (Vic.)

People

McGrath turns its focus to regional Victoria expansion with a new office in Armstrong Creek

McGrath Estate Agents today announced the opening of a new office, McGrath Armstrong Creek in regional Victoria.

National Australian Capital Territory (ACT)New South Wales (NSW)Northern Territory (NT)Queensland (Qld)South Australia (SA)Tasmania (Tas.)Victoria (Vic.)Western Australia (WA)

The Economy

Just over 2,300 homes taken to auction across the combined capitals - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Victoria (Vic.)Melbourne Brighton Collingwood Fitzroy

The Economy

New rental minimum standards must consider financial capacity of rental providers - REIV

The Real Estate Institute of Victoria (REIV) today confirmed its intent to participate in the Victorian Government’s consultation process for proposed new minimum rental standards.

National

The Economy

John McGrath – What’s holding up new housing supply?

New home approvals per capita are at decade-lows right now, exacerbating a long-term undersupply of homes in Australia.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2020/05/13/when-people-can-move-theyll-go-holidaying-hotel-experts-look-future/1589352745

'When people can move, they'll go holidaying' - Hotel experts look to the future

A panel including Tourism Australia Chair Bob East, Accor COO Simon McGrath and hotelier Jerry Schwartz have spoken with CBRE National Director Wayne Bunz length about what the future holds for the tourism and accommodation sectors as part of CBRE's Hotels in the New World: Navigating the Road to Recovery webinar.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2020/05/13/risklogic-assists-johns-hopkins-university-develop-free-covid-19-business-assessment-tool

RiskLogic assists Johns Hopkins University to develop a free COVID-19 business assessment tool

Australia's leader in crisis management RiskLogic was the only Australian entity to be included in the development of the operational toolkit for businesses.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/05/12/australian-venue-co-announces-plans-join-forces-venues-help-industry-re-start-wake

Australian Venue Co announces plans to join forces with venues to help industry re-start in the wake of Covid-19

Australian Venue Co has joined Project Unity, which has been setup by leading Australian hospitality marketing company MyGuestlist to let venues in any local community form an alliance and cross-promote to each other's audiences.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2020/05/11/record-breaking-1025m-sale-plan-apartment-sutherland-shire/1589172722

Record breaking $10.25m sale of off-the-plan apartment in Sutherland Shire

Sammut Developments, with Leda Living and Rebel Property Group MH have sold the sub penthouse at the Ozone Cronulla project for $10.25m

The ASEAN Developer

https://www.commo.com.au/news/2020/05/12/majority-share-brisbanes-mt-ommaney-shopping-centre-sold-285-million/1589257847

Majority share in Brisbane's Mt Ommaney Shopping Centre sold for $285 million

YFG Shopping Centres will take full ownership of Brisbane’s Mt Ommaney Shopping Centre after acquiring the remaining 75 per cent interest from Nuveen Real Estate for $285 million in a deal negotiated by CBRE Head of Capital Markets, Simon Rooney.

Commo

https://www.commo.com.au/news/2020/05/11/savills-recognises-staffs-hard-work/1589170246

Savills recognises staff's hard work

Commitment to work in unusual times has paid off for the Savills Project Management team with promotions and title changes.

Commo.

https://www.thebusinessconversation.com.au/news/2020/05/11/myob-partner-smiling-mind-covid-19-creates-added-stress-small-business-community

MYOB partner with Smiling Mind as COVID-19 creates added stress in small business community

The launch of the specialised program is designed to help small business owners reduce stress and anxiety.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/05/11/quest-provide-salvation-army-temporary-accommodation-response-covid-19/1589173890

Quest to provide Salvation Army with temporary accommodation in response to COVID-19

Quest Apartment Hotels has teamed up with Housing All Australians and the Salvation Army to provide temporary accommodation for Australians that are at risk of homelessness during the COVID-19 pandemic.

The Hotel Conversation