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Housing Affordability Plummets to its lowest point in almost Three decades - REIA

REIA President, Leanne Pilkington said the analysis from REIA’s latest Housing Affordability Report shows the average loan repayment now amounts to 48.1% of the median family income, 1.3 percentage points more than last quarter.

National

The Economy

The end of the rental boom is in sight - CoreLogic

By Tim Lawless, Research Director, CoreLogic Australia.

Victoria (Vic.)Melbourne

Featured Property

c1890s Malvern Victorian for sale - Marshall White

10 Sorrett Avenue Malvern for sale by Marcus Chiminello, Rae Tomlinson, and James Tomlinson of Marshall White creates an unforgettable backdrop to relaxed family living and lavish entertaining.

New South Wales (NSW)Sydney

Featured Property

Gerroa Headland South Coast luxury for sale - Belle

164 Stafford Street Gerroa for sale by Jane Zwar of Belle Property Berry offers privacy and stunning panoramic views of the South Coast.

Queensland (Qld)Brisbane

Featured Property

LARC Hamilton Hill sold for $12.3m by Place in 14 days

7 Prospect Terrace Hamilton sold by Heath Williams of Place New Farm was designed by Joe Adsett to take in panoramic views of the city and river.

New South Wales (NSW)Sydney

Featured Property

c1885 Kailoa McMahons Point auction - DiJones

44 Union Street McMahons Point for sale by Tim Fraser, Nigel Mukhi, and Oscar Hedensjoe of DiJones is on the market for the first time in almost 25 years.

Queensland (Qld)Brisbane

Featured Property

Gill House Norman Park riverfront for sale - Place

52 Wendell Street Norman Park for sale by Sarah Hackett and Lauren Marmotta of Place New Farm is both exquisite in its style and wonderfully liveable.

National

The Economy

Slight dip in auction volumes over first week of spring - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Western Australia (WA)Perth

People

Perth agency Haiven Property secures 5th consecutive top office REIWA award

Haiven Property has continued its stellar run at the annual reiwa.com Awards, taking out the top medium office category for a fifth consecutive year.

New South Wales (NSW)Sydney

People

LJ Hooker Tumbi Umbi | Killarney Vale rebrand

Justin and Belinda Bond, owners of LJ Hooker Tumbi Umbi | Killarney Vale, announce their agency's new name: LJ Hooker Tumbi Umbi | Killarney Vale | Bateau Bay, reflecting their expanded commitment to the Central Coast community.

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News Roundup

https://www.thebusinessconversation.com.au/news/2020/07/03/it%E2%80%99s-tax-time-2020-tax-office-toolkit-offers-support-small-businesses/1593750301

It’s tax time 2020: Tax Office toolkit offers support for small businesses

The toolkit includes a set of fact sheets to help small businesses understand a range of topics, including pausing or permanently closing a business due to COVID-19.

The Business Conversation

https://www.theindustrialist.com.au/news/2020/07/02/australian-industrial-sector-demonstrating-resilience-savills/1593674635

Australian industrial sector demonstrating resilience: Savills

Industrial property in Australia has experienced strong capital value growth and yield compression with continued demand from both domestic private and institutional groups and foreign investors, according to Savills.

The Industrialist

https://www.commo.com.au/news/2020/07/02/possibility-shorter-pathway-back-pre-covid-19-commercial-property-sale-volumes-jll

Possibility of shorter pathway back to pre-COVID-19 commercial property sale volumes: JLL

A new report from JLL has shown a "clear hierarchy" emerging in the recovery of Australia's property market from the pandemic, as the industrial & logistics and commercial office sectors demonstrate their resilience.

Commo.

https://www.thehotelconversation.com.au/news/2020/07/01/resortbrokers-reports-more-20-million-seq-management-rights-transactions-throughout

ResortBrokers reports more than $20 million in SEQ management rights transactions throughout the past two months

ResortBrokers says there is "rapidly increasing demand" for management rights as operators look to the permanent accommodation market for stable returns during the COVID-19 crisis.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/07/02/victoria-announces-5-million-fund-support-regional-tourism-businesses/1593660558

Victoria announces $5 million fund to support regional tourism businesses

The fund has the support of VCCI Chief Executive Paul Guerra who said, “Many accommodation businesses are not in a position to be taking more financial hits after an incredibly difficult year.”

The Business Conversation

https://www.commo.com.au/news/2020/07/01/surge-sydney-office-incentives-pushing-down-effective-rents-cushman-wakefield

Surge in Sydney office incentives 'pushing down' effective rents - Cushman & Wakefield

New research from Cushman & Wakefield has shown gross effective rents across the Sydney, Melbourne and Brisbane CBD office markets fell during the June quarter as landlords adjusted their expectations amid the COVID-19 lockdown period.

Commo.

https://www.thehotelconversation.com.au/news/2020/07/01/resortbrokers-reports-more-20-million-seq-management-rights-transactions-throughout

ResortBrokers reports more than $20 million in SEQ management rights transactions throughout the past two months

ResortBrokers says there is "rapidly increasing demand" for management rights as operators look to the permanent accommodation market for stable returns during the COVID-19 crisis.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/07/01/new-research-forecasts-sweeping-global-workplace-change-post-pandemic/1593557032

New research forecasts sweeping global workplace change post-pandemic

Almost eight in ten company executives say businesses will benefit from increased flexibility after coronavirus.

The Business Conversation