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Australians remain the biggest losers with sad state of housing supply: NHFIC

REIA has welcomed NHFIC’s report giving an analysis into housing demand and supply across Australia further highlighting the dire situation on the imbalance in the supply and demand of housing, and the consequences including rents.

National

The Economy

Building and lending approvals stall under weight of the RBA - HIA

“With today’s data, there can be no justification for further rate increases,” stated HIA’s Chief Economist, Tim Reardon.

National

People

Veronica Morgan elected to PIPA Board of Directors

Qualified Property Investment Adviser (QPIA) and longstanding expert property buyer and commentator, Veronica Morgan, has been elected to the Property Investment Professionals of Australia (PIPA) Board of Directors. Veronica Morgan is the founder and principal of Good Deeds Property Buyers and is a former executive committee member of the Real Estate Buyers Agent Association of Australia (REBAA).

National

The Economy

Australian residential for sale listings slowly trending upwards - Ray White Data

Adelaide and Hobart are the only cities showing listing growth says William Clark, Ray White Data Analyst.

National

The Economy

John McGrath – Changing pandemic trends

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, the pandemic sparked trends we’d never seen before on that scale, some of which remain relevant today while others are fading away.

National

The Economy

10-month streak of falls end, as Australian home values up 0.6% in March: CoreLogic Home Value Index

Dwelling values were higher across the four largest capital cities and most of the broad ‘rest-of-state’ regions, led by a 1.4% gain in Sydney. CoreLogic Research Director, Tim Lawless, puts the rise down to a combination of low advertised stock levels, extremely tight rental conditions and additional demand from overseas migration.

Victoria (Vic.)Melbourne

Featured Property

Sophisticated Toorak home for sale with Jack Merlo gardens - Marshall White

20 St Georges Road Toorak for sale by Marcus Chiminello and Jack Nicol of Marshall White exudes quality on every level.

National

Construction

Skilled migration crucial: HIA

“Recent population growth directly links to our housing needs. Without a clear policy on skilled migration for both the short and long term, it is extremely difficult for the home building industry to prepare and meet the demand for housing which is already at crushing highs,” said Jocelyn Martin HIA Deputy Managing Director, Policy and Industry.

New South Wales (NSW)Sydney

Featured Property

Antonio Caminiti design 4-level luxury Cremorne for sale with leafy treetop outlook - The Agency

12 Tobruk Ave Cremorne for sale by Jason Roach of The Agency, Ava Morrison of The Agency and Chelsea Soames of The Agency provides family excellence in a picturesque, dress-circle setting.

Victoria (Vic.)

Featured Property

c1862 French inspired Clunes estate The Vicarage for sale - Belle

42 Service Street Clunes for sale by Angela Flowers of Belle Property is one of Clunes' finest estates on two titles in the heart of the town.

Pages

News Roundup

https://www.commo.com.au/news/2019/03/04/new-cafe-set-open-brunswick-west-after-sale-retail-space/1551650543

New cafe set to open in Brunswick West after sale of retail space

The sale of retail space at Brunswick West in Melbourne by Fitzroys' agents Jordan Ceppi and Ervin Niyaz has paved the way for a new cafe to open at the site.

Commo

https://www.theaseandeveloper.com/news/2019/03/01/singapore-development-charge-rate-increases-largely-expected-says-colliers

Singapore development charge rate increases 'largely expected', says Colliers

The revision of Singapore's development charges by the Ministry of National Development reflects the current market conditions in the respective property segments, according to Colliers International.

The ASEAN Developer

https://www.thebusinessconversation.com.au/news/2019/03/01/australian-consumers-are-least-tolerant-poor-digital-customer-service/1551393771

Australian consumers are least tolerant of poor digital customer service

Global survey shows disjointed communications technologies fail customers and harm employee productivity and morale.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/02/27/falls-creek-and-hotham-ski-fields-sold-vail-resorts-174m/1551260363

Falls Creek and Hotham ski fields sold to Vail Resorts for $174m

Vail Resorts has announced that it has entered into an agreement to purchase the ski fields at Falls Creek Alpine Resort and Hotham Alpine Resort in Victoria for $174 million.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/02/28/st-thomas-ville-launched-sale-singapore/1551321868

St Thomas Ville launched for sale in Singapore

JLL has launched a collective sale tender for the St Thomas Ville development in Singapore.

The ASEAN Developer

https://www.commo.com.au/news/2019/03/01/wa-shopping-centre-investment-market-tips-60-million-first-two-months-2019

WA shopping centre investment market tips $60 million in first two months of 2019

The sale of Wattle Grove Shopping Centre by CBRE and Knight Frank has pushed Western Australia's retail investment market past $60 million in 2019.

COMMO

https://www.retalkmena.com/news/2019/02/28/dubai-has-more-1000-active-airbnb-listings-report-says/1551320653

Dubai has more than 1,000 active Airbnb listings, report says

It's boom time for Dubai's holiday home market, with more than 1,000 active listings on Airbnb, according to a report by Knight Frank.

RETalk Mena

https://www.thehotelconversation.com.au/news/2019/02/27/adelaide-welcome-qt-hotel-brand-180m-development/1551266629

Adelaide to welcome QT Hotel brand in $180m development

Event Hospitality & Entertainment has announced it has entered into a management agreement for its newest QT hotel in Adelaide at 62 Currie St in the heart of the CBD, set to open in 2021.

The Hotel Conversation