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Where homes are selling quicker - Ray White

There are fewer properties coming to market but the ones that are have been taking longer to sell. Days on market hit a historical low in June last year, hitting an average of 22 days. Since then, this has risen to 31 days. Nerida Conisbee Ray White Chief Economist, says there are many suburbs that have homes already selling a lot quicker than last year.

Victoria (Vic.)Melbourne

Featured Property

Robert Hamilton 1933 Toorak Tudor for sale - Abercrombys

1/692 Orrong Road Toorak for sale by Hamish Palmer-Hill and Jock Langley of Abercrombys is impressive in its dimensions and inviting in its details.

National

The Economy

Will home buyers be spoilt for choice in 2023? The outlook for Australia’s housing supply - CoreLogic

What will the impact of rising demand have on listings, given we anticipate advertised supply to remain relatively low compared to historic averages?

National

The Economy

John McGrath – Foreign buyers are back

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we may see international buyers increasingly active in our property market over the next few years as the world gets back to normal after COVID-19.

Western Australia (WA)Perth

People

REIWA named top corporate volunteer at 2023 WA Volunteer of the Year Awards

REIWA received top honours for Excellence in Corporate Volunteering at last night’s 2023 WA Volunteer of the Year Awards.

Queensland (Qld)

Politics

REIQ welcomes new Ministers to critical portfolios

As the state peak body for real estate professionals, the Real Estate Institute of Queensland (REIQ) has today welcomed reassigned Ministers to the Palaszczuk Government Cabinet.

New South Wales (NSW)Sydney

Featured Property

Dreamy 803 sqm Woollahra garden sanctuary for sale - Ray White

10 Wallaroy Crescent Woollahra for sale by Ashley Bierman of Ray White Double Bay offers family luxury in one of Woollahra's most prestigious cul de sacs.

Victoria (Vic.)Melbourne

People

Kay & Burton Concierge - peace of mind for travelling property owners

Planning on escaping the cool weather this winter? For those wanting to ensure everything at home is taken care of, inside and out, Kay & Burton Concierge has the solution.

Victoria (Vic.)

Featured Property

c1860 Mornington Italianate Victorian over two titles for sale - WHITEFOX

Clifden 750-751 Esplanade Mornington for sale by Lana Samuels and Michael Derham of WHITEFOX is one of Mornington's first homes, with views toward the You Yangs and city lights.

National

Construction

Supply of new homes set to slow further - HIA

HIA released its economic and industry Outlook report today. The report includes updated forecasts for new home building and renovations activity nationally and for each of the eight states and territories.

Pages

News Roundup

https://www.thehotelconversation.com.au/properties/2019/05/04/sydney-pub-hotel-steyne-sold-over-60m-iris-capital/1556973564

Sydney pub Hotel Steyne sold for over $60m to Iris Capital

HTL Property have confirmed the sale of the iconic Hotel Steyne, which has been reported to have sold for over $60 million.

The Hotel Conversation

https://www.commo.com.au/news/2019/05/01/melbourne-leads-cbd-markets-globally-yield-compression-past-three-years-says-report

Melbourne leads CBD markets globally for yield compression for past three years, says report

The Melbourne CBD recorded the greatest yield compression throughout the past three years across CBD office markets globally, according to Savills' latest Impacts report.

COMMO

https://www.suayphuket.com/news/2019/05/02/potential-tax-deduction-thai-property-buyers/1556775003

Potential tax deduction for Thai property buyers

Several tax measures have been proposed for the fiscal property sector as part of a new package to prop up economic growth.

Suay Phuket

https://www.thehotelconversation.com.au/news/2019/05/01/ihg-open-holiday-inn-hotel-queenstown-remarkables-park/1556689500

IHG to open Holiday Inn hotel in Queenstown Remarkables Park

IHG will open a brand-new Holiday Inn in Queenstown Remarkables Park following the signing of an agreement with property owner QLong Investments Limited.

The Hotel Conversation

https://www.commo.com.au/news/2019/05/01/opportunity-blooms-18-honeysuckle/1556695788

Opportunity blooms at 18 Honeysuckle

A fully-tenanted Newcastle office building at 18 Honeysuckle Drive is expected to generate strong interest following its release to the market this week.

Commo

https://www.thehotelconversation.com.au/news/2019/05/01/art-series-hotel-open-perth-cbd/1556693531

Art Series Hotel to open in Perth CBD

Accor has announced it will open its ninth Art Series hotel in Perth’s CBD in October 2019, heralding the arrival of the Art Series brand in Western Australia.

The Hotel Conversation

https://www.retalkasia.com/news/2019/05/01/myanmar-and-thailand-tourism-collaboration-agreement/1556662465

Myanmar and Thailand tourism collaboration agreement

Thailand and Myanmar have signed a cooperation deal with the aim to promote tourism routes which connect ancient cities of the two countries.

RETALK ASIA

https://www.theaseandeveloper.com/news/2019/05/01/moore-river-south-sale-major-australian-landholding-approved-master-planned

Moore River South for sale: Major Australian landholding approved for master-planned development offered to market

Western Australia’s property market is ripe for investment with expected upswing over the coming months, according to JLL Australia.

Asean Developer