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House prices are back on the move globally

Why do forecasters get the outlook so consistently wrong? Australian capital city house prices fell by 6.4 per cent last year, dramatically different from the 20 to 30 per cent that many forecast. Why do so many get the outlook for housing so wrong? Asks Nerida Conisbee Ray White Chief Economist.

New South Wales (NSW)Sydney

People

Ray White Upper North Shore welcomes top trainer Tom Van

The Ray White Upper North Shore Group currently holds the title of top business throughout Ray White after being named number one at the leading group’s 2021-22 annual international awards.

National

The Economy

John McGrath – The home ownership choices of the Boomers, Gen X & Millennials

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, the desire to own our own homes is a cultural aspiration spanning all generations of Australians. But it has shifted a bit in the past few decades.

Victoria (Vic.)Melbourne

Featured Property

French inspired Balwyn North mansion for sale - McGrath

20 Ferdinand Avenue Balwyn North for sale by Adrian Stefanetti and James Moss of McGrath Blackburn delivers quintessential French grandeur.

New South Wales (NSW)Sydney

Featured Property

Palm Springs inspired Randwick sold for over $10m - BresicWhitney

107 Darley Road Randwick home sold by Maclay Longhurst and Zakir Abdallaoui of BresicWhitney is 'one of the most significant transactions to occur in Randwick in recent years'.

National

The Economy

Increasing the supply of housing requires federal government action - HIA

HIA’s Affordability Index report calculated for each of the eight capital cities and regional areas on a quarterly basis and considers the latest dwelling prices, mortgage interest rates, and wage developments.

New South Wales (NSW)Sydney

People

Get to know Nicholas Christou of BresicWhitney

Over 13 years in the industry, Nicholas has built a reputation based on outstanding results and trusted relationships.

National

Politics

More talk: Bandt blocks housing bill but calls inquiry

The Real Estate Institute of Australia (REIA) has questioned why Adam Bandt is blocking Bills to build more houses and calling for inquiries instead.

New South Wales (NSW)Sydney

Featured Property

Breathtaking Sydney Harbour views grand Vaucluse home for sale - The Agency

13 Princes Avenue Vaucluse for sale by Steven Chen of The Agency in one of Vaucluse's premier streets has a price guide of $28 million.

Queensland (Qld)Brisbane

Featured Property

Parkside Brisbane riverfront for sale - Place

47 Esplanade Yeronga for sale by Heath Williams of Place New Farm offers water and park outlooks with a dual-living option.

Pages

News Roundup

https://www.theaseandeveloper.com/news/2019/06/17/dexus-plans-mixed-use-transformation-mlc-centre/1560752511

Dexus plans mixed-use transformation of the MLC Centre

Dexus has commenced construction on a $170 million development of the MLC Centre.

The ASEAN Developer

https://www.thehotelconversation.com.au/news/2019/06/17/stone-wood-brisbane-brewery-approved-open-fortitude-valley-spring/1560770396

Stone & Wood Brisbane Brewery approved to open in Fortitude Valley this Spring

The Brisbane City Council has granted DA approval for Stone & Wood's new Brisbane Brewery in the Fortitude Valley set to open this Spring.

The Hotel Conversation

https://www.retalkmena.com/2019/06/13/dubai-house-price-declines-145-cent-annually-may-2019-property-monitor-house/1560399326

Dubai house price declines by 14.5 per cent annually in May 2019 - Property Monitor House

Real estate data platform Property Monitor has released its Dubai House Price Index for May 2019, revealing an annual decline of 14.5 per cent and 1.5 per cent month-on-month.

RETalk MENA

https://www.thebusinessconversation.com.au/2019/06/14/free-mentoring-offer-queensland%E2%80%99s-female-founders-program-launch/1560472816

Free mentoring on offer with Queensland’s Female Founders Program launch

With women at the helm of only 22 per cent of Australian startups, the program hopes to increase female participation rates and improve their business skills.

The Business Conversation

https://www.theaseandeveloper.com/news/2019/06/13/gurner%E2%84%A2-announces-upcoming-launch-280-million-victoria-and-vine-penthouse-collection

Gurner™ announces upcoming launch of $280 million Victoria and Vine 'Penthouse Collection'

Luxury developer Gurner™ has confirmed the impending launch of its landmark new project, Victoria and Vine, that will transform an entire suburban block into a $280m luxury residential and retail precinct.

The ASEAN Developer

https://www.commo.com.au/news/2019/06/12/murray-street-office-sale-capitalise-strengthening-perth-market/1560314904

Murray Street office for sale to capitalise on strengthening Perth market

A Perth-based investment syndicate has appointed CBRE to sell 503 Murray Street in the Perth CBD in a move expected to generate investment interest of between $45 million and $50 million.

COMMO

https://www.suayphuket.com/news/2019/06/13/thailand-tourism-continues-thrive-despite-chinese-slump/1560396699

Thailand tourism continues to thrive despite Chinese slump

The country’s tourism industry remains resilient despite Chinese arrivals in the same month falling by 8.9% year on year to 898,994 according to Thailand's Ministry of Tourism & Sports.

Suay Phuket

https://www.thebusinessconversation.com.au/2019/06/14/free-mentoring-offer-queensland%E2%80%99s-female-founders-program-launch/1560472816

Free mentoring on offer with Queensland’s Female Founders Program launch

With women at the helm of only 22 per cent of Australian startups, the program hopes to increase female participation rates and improve their business skills.

The Business Conversation