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Prestige Sydney real estate agency opens fifth office in Southern Highlands

Award-winning real estate agency Highland continues its strong performance in the property market by announcing an expansion into Southern Highlands, marking the opening of the company's fifth office.

New South Wales (NSW)Sydney

People

East group: Leading Laing+Simmons offices join forces

The Laing+Simmons offices in Potts Point, Bondi Junction and Kingsford have joined forces to provide customers and the Eastern Suburbs region a superior, stronger, shared real estate services offering.

National

The Economy

Homeownership hold periods increase as short-term profits plunge - CoreLogic

Falling home values and hesitant sellers are translating into longer holder periods and rapidly declining profits for short-term sellers in CoreLogic’s latest Pain & Gain Report.

Queensland (Qld)Sunshine Coast

Featured Property

Montville Sunshine Coast hinterland estate for sale - Villa Prestige properties

Balmoral at 14 Balmoral Road Montville for sale by Linda Shore-Perez and David Perez of Villa Prestige Properties is 13-acres of luxury landscaped acreage that could become a B&B or boutique function venue (STCA).

Queensland (Qld)Brisbane

Featured Property

Panoramic Brisbane River views 966sqm Hamilton Hill for sale - Place

85 Hillside Crescent Hamilton for sale by Drew Davies and Carter Lagana of Place Ascot is a family entertainer with landmark position on tightly held Hamilton hill.

National

The Economy

Seasonal new listings suffer as sellers hesitate - CoreLogic

Australia’s traditional peak property listing window is upon us. Every year during the first half of March – referred to as weeks nine to 11 on the calendar - there is a surge in listing activity. But not in 2023.

Victoria (Vic.)Melbourne

Featured Property

Powell and Glenn designed 2,963sqm Yarra riverfront for sale - Marshall White

Canopy House 2 Yarra Grove Hawthorn for sale by Marcus Chiminello and Nicole French of Marshall White offers a contemporary family estate with spectacular river outlooks.

New South Wales (NSW)Sydney

Featured Property

Blue Mountains estate for sale with heritage Sorensen gardens - Ray White Double Bay

The Braes 62-68 Grose Street Leura for sale by Nic Krasnostein and Elliott Placks of Ray White Double Bay features approx. 6 acres of European inspired landscaping.

New South Wales (NSW)

Design

Byron Bay: Australia’s coastal paradise gaining global attention

With pristine beaches, abundant natural beauty and a flourishing health and wellness scene, Byron Bay is a prestige property and holiday home co-ownership platform Ko has several luxury listings in the area.

REINSW: Rent bidding ban backfires

The NSW Government’s ban on agents from engaging in ‘rent bidding’ has had a counterproductive impact, according to the Real Estate Institute of NSW (REINSW), as tenants are not only now more aware that they can offer above the asking rent, they are increasingly doing so because they believe they must.

Pages

News Roundup

https://www.theaseandeveloper.com/news/2019/02/19/new-yangon-development-company-invites-expressions-interest-city-challenge-myanmar

New Yangon Development Company invites expressions of interest for city challenge in Myanmar

This year's New Yangon Development Company Challenge is underway in Myanmar, with expressions of interest open for New Yangon City's Phase One infrastructure projects.

The ASEAN Developer

https://www.commo.com.au/news/2019/02/19/clarence-street-taking-rooftop-bars-next-level-sydney/1550550812

Clarence Street taking rooftop bars to the next level in Sydney

The opening of the Old Mates Place rooftop bar on Sydney's Clarence Street has breathed new life into a former office building.

COMMO

https://www.thebusinessconversation.com.au/property/69a-esplanade-paynesville-3880/sam%E2%80%99s-wardrobe-lakeside-fashion-retail-opportunity

Sam’s Wardrobe: Lakeside fashion retail opportunity

With a prime position in a popular tourist town, this retail business offers a well-established lifestyle opportunity. For sale by Bret Ward of Bret Ward Real Estate Paynesville.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/02/19/worldhotels-sold-best-western-hotels-and-resorts/1550530704

WorldHotels sold to Best Western Hotels and Resorts

Best Western has announced today it has acquired renowned global hotel brand WorldHotels, representing a collection of approximately 300 hotels and resorts in premier destinations around the world, including the Stamford Plaza hotels in Adelaide, Brisbane, Melbourne and Sydney Airport.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/02/14/ihg-acquires-six-senses-300m/1550105548

IHG acquires Six Senses for $300m

InterContinental Hotels Group has today announced the acquisition of Six Senses Hotels Resorts Spas, one of the world’s leading operators of luxury hotels, resorts and spas for $300 million.

The Hotel Conversation

https://www.commo.com.au/news/2019/02/18/strata-portfolio-melbournes-manchester-house-sold-10000-square-metre/1550466042

Strata portfolio in Melbourne's Manchester House sold for $10,000 per square metre

A strata portfolio of two large office floors and a retail unit within the historic Manchester House building on Flinders Lane in Melbourne has been sold by the Fitzroys CBD team.

COMMO

https://www.theaseandeveloper.com/news/2019/02/18/what-are-impacts-climate-change-real-estate/1550461826

What are the impacts of climate change on real estate?

The impact of climate change on the real estate industry highlights the need for a better understanding of investment risk assessment practices, according to a new report from the Urban Land Institute (ULI) and Heitman

The ASEAN Developer

https://www.thehotelconversation.com.au/news/2019/02/18/invercargill-licensing-trust-launches-competition-name-new-hotel/1550446139

Invercargill Licensing Trust launches competition to name new hotel

With site preparation now underway, the focus has turned to selecting a name for the $40 million Invercargill inner-city development, expected to be completed in 2021.

The Hotel Conversation