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Auction market clearance rates, bidders, and registrations rising according to the latest Apollo Auctions Auction Report

It's clear that the market recovery is well under way with every auction metric measure recording stellar results in April, according to the latest Apollo Auctions Auction Report.

National

The Economy

No end in sight for shortage of new listings says Ray White Chief Economist

In April, new listings were down 17.1 per cent with Sydney and Melbourne seeing the biggest falls says Nerida Conisbee, Ray White Chief Economist.

National

The Economy

John McGrath – New help for more first home buyers

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, those wanting to get into the market may not see much price relief in the near future but should see interest rate relief sometime within the next 12 months as inflation is tamed.

National New South Wales (NSW)Sydney Queensland (Qld)Brisbane South Australia (SA)Adelaide Victoria (Vic.)Melbourne

The Economy

Rates rise hasn't deterred buyers as Ray White report 76.6 per cent clearance rate from 339 Auctions

Australasia’s largest real estate group Ray White scheduled 339 properties to go under the hammer today, recording a preliminary auction day clearance rate of 76.6 per cent. Bidder numbers at auctions reflected the state of supply and demand, with Ray White recording an average of 4.9 registered bidders and 3,2 active bidders per auction.

National

The Economy

2023/24 Federal Budget Wishlist

With the Federal Budget coming up, LJ Hooker head of research Mathew Tiller shares his real estate wishlist. The Federal government will need to focus on supply. The real estate market in Australia needs more of three things, says Tiller.

National

People

Revolutionary proptech Bricks + Agent acquires Inspection Manager

Rafael Niesten, Co-founder of Bricks + Agent, commented; “Both platforms are a natural fit for one another and share the ambition to deliver smoother maintenance, inspections and invoice-related transactions for all stakeholders. Our growth aspirations are aligned.

Queensland (Qld)Brisbane

Featured Property

Pier by Mirvac Riverfront Newstead penthouse for sale - Place

250/1 Newstead Terrace Newstead for sale by Sarah Hackett of Place New Farm in conjunction with Matt Lancashire of Ray White New Farm features a private pool and 52m river frontage.

National

The Economy

Rent freeze will not fix the rent crisis - REIA

REIA President, Mr Hayden Groves, has implored the Federal Government ahead of Budget 2023 to keep their eye on the prize of helping renters, and avoid knee-jerk policy reactions like rental freezes and rent controls.

National

Construction

Building loans remain at 15 year low - HIA

“Lending for the purchase or construction of a new home remains at its lowest level in 15 years,” stated HIA’s Chief Economist, Tim Reardon.

Victoria (Vic.)Melbourne Brighton

Featured Property

Palm Springs inspired Brighton golden triangle for sale - Marshall White

29 New Street Brighton for sale by Andy Nasr and Simon Monnier-Penny of Marshall White features interiors by 2023 Architectural Digest 100 firm, Flack Studio.

Pages

News Roundup

https://www.commo.com.au/news/2019/04/03/adelaide-office-property-market-surges-report/1554270240

Adelaide office property market surges: report

Knight Frank’s Adelaide CBD Office Market Overview revealed there was $921.8 million worth of transactions over $10 million in the office market last year.

Commo

https://www.thehotelconversation.com.au/properties/2019/04/03/waterfall-park-hotel-%E2%80%93-unique-queenstown-opportunity/1554289775

Waterfall Park Hotel – Unique Queenstown Opportunity

Located between Arrowtown and Lake Hayes, the Waterfall Park Hotel is offered for sale as a turn-key development by one of New Zealand’s leading commercial real estate agents, Bruce Whillans of Whillans Realty Group.

The Hotel Conversation

https://www.rethinktokyo.com/news/2019/04/02/land-prices-japan-2019/1554158769

Land prices of Japan in 2019

PLAZA HOMES report price rises in Tokyo residential areas.

Rethink Tokyo

https://www.thehotelconversation.com.au/news/2019/04/02/fijis-newest-luxury-hotel-opening-month-pullman-nadi-bay-resort-spa/1554168130

Fiji's newest luxury hotel opening this month - Pullman Nadi Bay Resort & Spa

The Pullman brand is set to make its debut in Fiji on the 19th of April 2019 with the launch of the Pullman Nadi Bay Resort & Spa – a vibrant new destination where local culture connects with all things contemporary.

The Hotel Conversation

https://www.rethinktokyo.com/japan-heritage-restoration-techniques

A blessing in disguise: Japan’s heritage-saving skills

Shrouding Japan’s iconic structures in scaffolding and suyane for years at a time, the Protected Conservation Techniques are a world of dedication and detail.

Rethink Tokyo

https://www.mingalarrealestateconversation.com/news/2019/04/02/what-are-benefits-chinas-belt-and-road-initiative-myanmar/1554148379

What are the benefits of China's Belt and Road initiative for Myanmar?

Colliers International has outlined the benefits of the Belt and Road initiative for Myanmar ahead of Belt and Road forum in Beijing next month.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/04/02/new-build-mercure-hotel-announced-sydney%E2%80%99s-rouse-hill/1554158625

New-build Mercure hotel announced for Sydney’s Rouse Hill

Accor has announced a new partnership with Lewis Land Group to bring a new-build Mercure hotel to Sydney’s Hills district, opening in July 2019.

The Hotel Conversation

https://www.commo.com.au/news/2019/04/01/charter-hall-retail-management-acquires-sydneys-rockdale-plaza-142-million

Charter Hall Retail Management acquires Sydney's Rockdale Plaza for $142 million

JLL’s Simon Rooney has negotiated the agreement for the sale of a 100% interest in Rockdale Plaza, a dominant and strong-performing convenience based major Sydney sub-regional shopping centre, for $142.0 million to Charter Hall Retail REIT (CQR).

COMMO