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State Budget bad news for Victorian renters, says REIV

The Real Estate Institute of Victoria (REIV) has criticised the land tax increases announced in the State Budget, saying they will only worsen the current rental crisis facing Victorians.

National

The Economy

More than 40% of Australian house and unit markets record double-digit rent increase - CoreLogic

A surge in overseas migrants and international students coupled with a significant shortfall in rental listings has led to the strongest annual rental increase on record for Australia’s capital cities.

New South Wales (NSW)Sydney

Featured Property

Palatial Vaucluse family home for sale - Ray White

26 Olphert Avenue Vaucluse for sale by Adam Reichman and Elliott Placks of Ray White Double Bay offers thoughtful Hamptons-inspired renovations and resort-style features.

New South Wales (NSW)Sydney

Featured Property

New Hills District record for 1,300sqm Middle Dural acreage - LJ Hooker

1 Mcleod Road Middle Dural sold by William Brush and Peter Colusso of LJ Hooker Dural sold within the $14-15m guide to interstate buyers.

National

The Economy

Housing affordability at its worst this century - REIA

Real Estate Institute of Australia (REIA) President, Hayden Groves has said that housing affordability, rental affordability and first home ownership has declined over the March quarter 2023.

Victoria (Vic.)

Featured Property

Simon O'Donnell's 200-acre Willowmavin estate for sale - Marshall White

465 McHargs Road Willowmavin for sale by Chris Barrett and John Bongiorno of Marshall White offers endless options as a lifestyle sanctuary, working farm, AirBnB or equestrian centre.

Queensland (Qld)Gold Coast

Featured Property

Mulpha releases first ever Sanctuary Cove penthouses

The two Harbour One waterfront penthouses have been designed to exude luxury coastal living and set a new benchmark for quality on the Gold Coast.

National

The Economy

Steam to come out of housing market recovery as RBA rate-hiking cycle rolls on - CoreLogic

The RBA has lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year

National

The Economy

Rebounding housing market offers options for mortgage holders feeling the strain

A decision by the Reserve Bank of Australia to increase interest rates is unlikely to impact property prices with a shortage of listings and high demand driving growth, according to the LJ Hooker Group.

Queensland (Qld)Sunshine Coast

Featured Property

c1860s Noosa Hinterland for sale - Noosa4Sale

66 Mountain View Road Pinbarren for sale by Alex Harris of Noosa4Sale is steeped in history and crafted with skill and care.

Pages

News Roundup

https://www.thehotelconversation.com.au/properties/2019/05/01/sydney-cbd-veriu-central-hotel-sale-colliers-international/1556672978

Sydney CBD Veriu Central Hotel for sale - Colliers International

Colliers International’s Gus Moors, Karen Wales and Joseph Lin have been appointed to bring to market the Veriu Central Hotel at 75 Wentworth Avenue in Sydney on behalf of the Veriu Group.

The Hotel Conversation

https://www.rethinktokyo.com/chuo-area-guide

Chuo area guide: Ginza, Tsukiji and reclaimed land

Chuo means “middle” in Japanese, and this district is located smack centre in the capital on the Tokyo Bay waterfront. It impresses with high-end shopping, long-established business districts, and luxury housing options.

Rethink Tokyo

https://www.mingalarrealestateconversation.com/news/2019/04/29/sales-events-needed-draw-attention-myanmar-condos-says-colliers/1556494674

Sales events needed to draw attention to Myanmar condos, says Colliers

Developers must make sure they harness Myanmar's investment potential in the wake of condominium licenses being issued, according to Colliers International.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/04/29/private-sector-key-queenslands-continued-tourism-economic-rise/1556541383

Private sector the key to Queensland's continued tourism economic rise

New data has revealed more than $1 billion in private sector tourism infrastructure projects, tipped to create more than 1,500 jobs will be completed by mid this year.

The Hotel Conversation

https://www.retalkasia.com/profiles/2019/04/29/colliers-international-appoints-bastiaan-van-beijsterveldt-lead-business

Colliers International appoints Bastiaan van Beijsterveldt to lead business development for its Occupier Services business in Singapore

Bastiaan brings with him 11 years of experience in commercial real estate, including in tenant representation, corporate solutions as well as capital markets and investment, across key gateway cities in Asia-Pacific.

RETALK ASIA

https://www.thehotelconversation.com.au/news/2019/04/26/work-begins-brisbanes-new-international-cruise-terminal/1556232737

Work begins on Brisbane's new International Cruise Terminal

Premier Annastacia Palaszczuk has turned the sod on Brisbane's $158 million new International Cruise Terminal, heralding the start of a new era for Queensland's economy.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2019/04/18/spc-partners-coles-boost-home-grown-aussie-fruit/1555534368

SPC partners with Coles to boost home-grown Aussie fruit

Supporting local businesses and growers in the Goulburn Valley, the new partnership is expected to allow farmers to sell fruit from more than 36,000 trees.

The Business Conversation

https://www.retalkasia.com/news/2019/04/26/asia%E2%80%99s-billionaire-population-fastest-growing-globally/1556233861

Asia’s Billionaire Population Fastest Growing Globally

Asia’s billionaire population growth is set to outpace other regions between 2018 and 2023, according to data prepared exclusively for the 13th edition of The Wealth Report - Knight Frank

RETALK ASIA