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REIWA welcomes State Government tax concessions for build-to-rent developments

REIWA CEO Cath Hart has welcomed new legislation providing a 50 per cent land tax exemption over 20 years for eligible build-to-rent projects.

National

The Economy

Housing Minister and shadow minister agree on one thing, Australia needs more homes

‘The reality is we don’t have enough homes in Australia,’ stated Minister Julie Collins at First National’s 2023 Hobart Convention.

Queensland (Qld)Sunshine Coast

Featured Property

Reitsma+Associates Eumundi acreage for sale - David Berns Real Estate

60 Ball Road Eumundi for sale by Heidi Woodman and David Berns of David Berns Real Estate offers a peaceful setting on the eastern side of Mt Cooroy and the Eumundi Range.

National

The Economy

Australia ranks third in the world for the money required to be in the top 1% wealthiest people, according to Knight Frank research

The research found the amount of money you need to be in the top 1% wealthiest people doubled in Australia over the past 2 years, rising from US$2.8m in 2021 to US$5.5m in 2023.

New South Wales (NSW)Sydney

Featured Property

Historic Darling Point Babworth House for sale - Richardson & Wrench

4/1 Mount Adelaide Street Darling Point for sale by Michael Dunn and Marion Badenoch of Richardson & Wrench Double Bay unites modern comfort with traditional grandeur in the award winning Babworth House.

National

The Economy

REIA and REA group launch crucial housing investment report on Australian private rentals

REIA President, Hayden Groves said the report, backed by PropTrack data, addresses the key issues facing renters and investors in a market that has reached crisis levels.

National

The Economy

Prestige pockets of regional Australia take brunt of market downturn - CoreLogic

Australia’s property downturn continues to take its toll on premium regional markets that benefited most from the mass exodus away from capital cities during the height of the pandemic, with softer values, longer days on market and bigger vendor discounts.

Victoria (Vic.)Melbourne

Featured Property

Split level Portsea beach house for sale - Marshall White

38 Wattle Grove Portsea for sale by Andrew Hayne and Ilze Moran of Marshall White offers the best of Mornington Peninsula living.

National

The Economy

Airbnb creating housing crisis for regional Australia - REIA

REIA CEO Anna Neelagama speaks at national press conference on housing crisis facing regional Australia.

New South Wales (NSW)Sydney

The Economy

Vacancy rates fluctuate across NSW as rental crisis continues to grip market

The REINSW Vacancy Rate Survey results for April 2023 show that residential vacancies in Sydney remain at their lowest level since April 2011.

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News Roundup

https://www.thehotelconversation.com.au/news/2019/04/16/griffith-pub-area-hotel-sold-blake-edwards-sam-handy-htl-property/1555371738

Griffith pub The Area Hotel sold - Blake Edwards, Sam Handy, HTL Property

One of regional New South Wales’ strongest gaming pubs has changed hands in the latest sign of continued demand for large format regional pubs.

The Hotel Conversation

https://www.commo.com.au/properties/2019/04/10/ray-white-industrial-milton-close-deal-brisbane-commercial-property/1554852560

Ray White Industrial Milton close deal on Brisbane commercial property

The asset houses the Ferny Grove Discount Drug store in Brisbane's eastern suburbs. It was sold for $1.1 million by Ray White Industrial Milton.

COMMO

https://www.rethinktokyo.com/tokyo-best-foodie-neighbourhoods

Six of Tokyo's best foodie neighbourhoods

From rich, late-night ramen to lengthy multi-course kaiseki meals, Tokyo is renowned for a food scene that’s bursting at the seams.

Rethink Tokyo

https://www.commo.com.au/news/2019/04/10/toowoomba-cbd-retail-strip-continues-be-influenced-large-shopping-centres-ray-white

Toowoomba CBD retail strip continues to be influenced by large shopping centres - Ray White

Ray White Toowoomba has undertaken a survey across the past two years to better understand the town's retail strip.

COMMO

https://www.retalkasia.com/news/2019/04/15/asian-investors-sticking-core-london-markets-times-uncertainty/1555293711

Asian Investors sticking to core London markets in times of uncertainty

Asian investors accounted for over a quarter of transactions in London’s city core, according to Colliers International and its analysis of Q1 2019 investment volumes.

REtalk Asia

https://www.thehotelconversation.com.au/news/2019/04/15/daydream-island-opens-its-doors-first-guests/1555290309

Daydream Island opens its doors to first guests

Following an extensive redevelopment from damage caused in March 2017 by Cyclone Debbie, Daydream Island has today welcomed its first guests back to the resort.

The Hotel Conversation

https://www.suayphuket.com/news/2019/04/11/phuket-tourist-arrivals-during-songkran-period-set-rise-last-year/1554958017

Phuket tourist arrivals during Songkran period set to rise from last year

Airports of Thailand has forecast a 16.2% year-on-year increase in Phuket tourist arrivals over Songkran.

Suay Phuket

https://www.commo.com.au/news/2019/04/10/race-vacant-retail-assets-hits-melbourne%E2%80%99s-inner-city-bay-street-space-sells-131

Race to vacant retail assets hits Melbourne’s inner city as Bay Street space sells for $1.31 million

A retail space at 371 Bay Street has sold for $1.31 million at auction, following a sales campaign by Fitzroys agents James Lockwood and David Bourke, and Patrick O’Callaghan of O & Co

COMMO