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Featured Property

1906 Sherwood Queenslander for sale on 2,738sqm - Place

56 Lilly Street Sherwood for sale by Ann-Karyn Fraser and Sarah Hackett of Place New Farm is a luxurious sanctuary offering a piece of Sherwood’s history.

Victoria (Vic.)Melbourne

Featured Property

Matteo by Trinity, The House of Curves, in Toorak for sale - RT Edgar

4 Matthews Court Toorak for sale by Mark Wridgway and Sarah Case of RT Edgar offers luxury living within breathtaking bespoke sculptural architecture.

Victoria (Vic.)

Featured Property

Beloved clifftop Sorrento for sale overlooking Port Philip Bay - Kay & Burton

'Blue Bay' -3520 Point Nepean Road Sorrento for sale by Liz Jensen and Gerald Delany of Kay & Burton was designed to entertain children and grandchildren together in comfort by the sea.

National

The Economy

Auction Market Preview - CoreLogic

Scheduled auction activity across the combined capitals is expected to ease slightly this week, with 2,371 homes set for auction, according to CoreLogic.

Western Australia (WA)Perth

The Economy

Perth’s vacancy rate tightens - REIWA

Perth’s vacancy rate dropped to 0.7 per cent in September, a decline of 0.1 percentage points from August, according to REIWA.

National

The Economy

Cost growth stabilising within residential building sector - CoreLogic

CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new dwelling, returned a quarterly growth rate of 0.5% for the September quarter, the smallest lift since the three months to June 2019 and half the pre-COVID decade average of 1.0% per quarter.

Victoria (Vic.)Melbourne

People

Jacob Caine elected new REIV President

Highly regarded real estate professional Jacob Caine was elected as President of the Real Estate Institute of Victoria (REIV) for the next 12 months.

National

The Economy

CBRE recently went live with the Q4 edition of Talking Property: The House View – CBRE’s quarterly podcast

CBRE Pacific CEO Phil Rowland and Pacific Head of Research Sameer Chopra discuss the outlook, opportunities and challenges in the real estate sector.

National

The Economy

Preliminary clearance rates inch higher as capital city auction activity returns to trend - CoreLogic

The number of homes taken to auction across the combined capitals doubled last week, with 2,436 homes taken under the hammer.

National

The Economy

Home Buyer Scheme helping move people into home ownership - HIA

The National Housing Finance Investment Corporation (NHFIC) released its annual report on Australian Government's Home Guarantee Scheme today and the findings are proof that first home buyer incentives work and should continue to be supported," said HIA Managing Director, Jocelyn Martin today.

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News Roundup

https://www.thebusinessconversation.com.au/2019/10/21/sydney%E2%80%99s-soon-be-tallest-office-building-seeks-affordable-innovation-space-operator

Sydney’s soon-to-be tallest office building seeks affordable innovation space operator

The City of Sydney hopes the new business innovation space will help tackle the affordable office space challenges facing local entrepreneurs.

The Business Conversation

https://www.theaseandeveloper.com/news/2019/10/21/penthouse-apartment-one-sydney-harbour-smashes-australian-price-record/1571620967

Penthouse apartment at One Sydney Harbour smashes Australian price record

Premier penthouse and accompanying sub-penthouse apartment sold for more than $140 million.

The ASEAN Developer

https://www.thebusinessconversation.com.au/property/8-napier-street-st-arnaud-3478/dabbling-duck-picturesque-parkside-cafe-sale

Dabbling Duck: picturesque parkside cafe for sale

Set in an historic building opposite the Botanical Gardens, this well established business is for sale by Mark Swanton of Elders Real Estate Melbourne.

The Business Conversation

https://www.thehotelconversation.com.au/2019/10/17/third-and-final-tower-fv-peppers-brisbane-now-open/1571298978

Third and final tower of FV by Peppers Brisbane now open

‘No.1’ - FV by Peppers’, the third and final tower developed by luxury property developer GURNERTM, has opened in Brisbane's Fortitude Valley.

The Hotel Conversation

https://www.commo.com.au/news/2019/10/18/has-adelaide-become-most-interesting-cbd-office-market/1571349069

Has Adelaide become the most interesting CBD office market?

All CBD office markets record positive net absorption over 3Q19, but new demand drivers in the Adelaide CBD capture attention, says JLL report.

Commo.

https://www.theindustrialist.com.au/news/2019/10/14/berrinba-industrial-precinct-experiences-record-demand/1571025294

Berrinba industrial precinct experiences record demand

Occupiers commit to more than 81,000 square metres across five major deals in just the past three months.