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Commencements of detached houses continue to decline into 2023 - HIA

“Australia commenced 26,265 new houses in the first quarter of 2023, down by 16.4 per cent on the same quarter last year and 39.1 per cent fewer houses commenced than during the peak in the June Quarter 2021,” stated HIA Senior Economist, Tom Devitt.

New South Wales (NSW)

Featured Property

Secluded 20-acre Southern Highlands estate for sale - Knight Frank

Wombat Hollow at 300 Kirkland Road East Kangaloon for sale by Nathan Berlyn and Andrew Blake of Knight Frank delivers a range of additional curated accommodation.

Victoria (Vic.)Melbourne Brighton

Featured Property

Finnis Architects ultra modern Brighton for sale - Buxton

Quarry House 6 Menzies Avenue Brighton for sale by Stefan Whiting and Kym Williams of Buxton Brighton offers architect designed tri-level luxury in a quiet cul-de-sac.

National

The Economy

Growth in Australian construction costs lowest since 2020 - CoreLogic

CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a quarterly growth rate of 0.7% for the June quarter, the lowest rate since September 2020 and well below the 1.2% decade average.

Victoria (Vic.)

Featured Property

Mount Eliza Pelican Point beachfront for sale - McEwing & Partners

Peppermint Grove 3 Tintagel Court Mount Eliza for sale by Quentin McEwing and Kelsi Culhane of McEwing & Partners offers direct gated access to Daveys Bay and Canadian Bay beaches.

National

The Economy

LJ Hooker Group reveals six solutions that could ease Australia’s rental challenges

Implementing diverse and comprehensive strategies aimed at increasing housing supply is crucial to addressing Australia’s rental crisis, according to a new report released by the LJ Hooker Group.

New South Wales (NSW)Sydney

The Economy

Vacancy rates fluctuate, but no end in sight for rental crisis - REINSW

The REINSW Vacancy Rate Survey results for June 2023 show that while residential vacancies in Sydney have increased slightly, the availability of rental accommodation remains at crisis levels.

Queensland (Qld)Sunshine Coast

Featured Property

Lifestyle Sunshine Coast property for sale - CENTURY 21

20 Amaroo Drive Buderim for sale by Ryan Tomlinson of CENTURY 21 On Duporth presents a sanctuary-like ambience with panoramic views.

New South Wales (NSW)

Featured Property

Historic 4-acre Knoyle Estate Burradoo for sale - Knight Frank

Southern Highlands 4 Ranelagh Road Burradoo for sale by Nathan Berlyn and Andrew Blake of Knight Frank features a secret staircase in the master bedroom and a private labyrinth in the garden.

Western Australia (WA)Perth

The Economy

House prices and rents to grow further in 2023: REIWA market forecast update

House prices are still on track to achieve low to moderate growth in 2023, while unit prices will remain relatively stable, according to REIWA’s 2023 property market quarterly update.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2019/06/26/raffles-sentosa-resort-spa-singapore-and-raffles-bali-join-iconic-collection-hotels

Raffles Sentosa Resort & Spa Singapore and Raffles Bali to join iconic collection of hotels in Asia

Accor had added two landmark projects to its pipeline, with Raffles Bali set to open in 2020 and Raffles Sentosa Resort & Spa Singapore planned for 2022.

The Hotel Conversation

https://www.commo.com.au/news/2019/06/26/tweed-heads-freehold-investment-sold-131-million/1561525205

Tweed Heads freehold investment sold for $1.31 million

A single level, freestanding, freehold showroom/warehouse has been sold at auction for $1.31 million through Ray White Commercial GC South, in conjunction with Nathan Moore of Ray White Commercial Bayside.

COMMO

https://www.retalkmena.com/news/2019/06/27/aed-15-billion-contract-goes-shapoorji-pallonji-middle-east/1561605140

AED 1.5 billion contract goes to Shapoorji Pallonji Middle East

Sharpoorji Pallonji Middle East joins Drees & Sommer, B+H Architects, and Khatib & Alami as key stakeholders for 160,000 square metre luxury development, Qaryat al Hidd.

RETALK MENA

https://www.commo.com.au/2019/06/26/creative-industry-demand-continues-drive-sydney-fringe-office-vacancy-down-knight-frank

Creative industry demand continues to drive Sydney fringe office vacancy down - Knight Frank

The demand for commercial office space in Sydney is rising outside the traditional CBD centre, according to Knight Frank.

Commo

https://www.thehotelconversation.com.au/properties/2019/06/26/boutique-hotel-luxury-residence-andor-wellness-centre-saratoga-bali-sale

Boutique hotel, luxury residence and/or wellness centre Saratoga Bali for sale

Situated approximately 18 minutes from Canggu sits Saratoga – a stunning 3,000sqm estate listed for sale, nestled within lush green jungle and its centrepiece a river running directly through the middle, with a 12 metre bridge connecting the property.

The Hotel Conversation

https://www.rethinktokyo.com/tokyo-outdoor-bars-beer-gardens

Best outdoor spots to grab a drink in Tokyo

Get outdoors and make the most of Tokyo after dark.

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/06/26/nsw-international-visitation-smashes-11-billion-record/1561552488

NSW international visitation smashes $11 billion record

NSW received a record $11 billion in international visitor expenditure, according to the latest International Visitor Survey results and continues to lead the country in attracting international visitors.

The Hotel Conversation

https://www.commo.com.au/news/2019/06/24/mornington-premium-medical-precinct-sale/1561358990

Mornington premium medical precinct for sale

CBRE agents Josh Twelftree, Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto have been appointed to negotiate the sale of the healthcare property in via public auction on July 13, 2019.

COMMO