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Rental affordability gap slashed; national unit rents only $39 a week cheaper than houses - CoreLogic

CoreLogic’s monthly Australian Unit Market Update shows growth across capital city unit rents continues to outpace house rents, increasing 1.6% and 0.9% in April, respectively.

National

The Economy

Auctions record highest preliminary clearance rate since November 2021 - CoreLogic

According to Duane Kaak, Research Analyst, CoreLogic, the continued strength in the clearance rate is yet more evidence indicating the market has moved passed its floor.

National

The Economy

The rental debate has been derailed - Ray White

According to Ray White Chief Economist Nerida Conisbee, the rental debate has been completely derailed so that the dominant messaging right now is that owners of rental properties and companies providing new housing need to be punished.

National

The Economy

Increasing demand and an undersupply of accommodation impacts affordability for Australian renters - CoreLogic

Released today, the ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the pandemic has influenced the supply and demand of rental accommodation.

Queensland (Qld)

People

REIQ appoints new Director, bolstering Board to nine

The Real Estate Institute of Queensland (REIQ) has announced its appointment of a new non-member Director, expanding the Board to nine and complementing its skillset with in-demand specialised knowledge.

National

The Economy

John McGrath – New value for buyers in premium regional markets

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, there is exciting new value available now for buyers in premium regional lifestyle areas following the market correction.

Western Australia (WA)Perth

The Economy

REIWA welcomes rental reforms amid housing supply shortage

REIWA CEO Cath Hart today welcomed the McGowan Government’s announcement of rental reforms, saying they struck the right balance.

New South Wales (NSW)Sydney

Featured Property

Versailles inspired Chateau Narla Northern Beaches for sale - Belle

Chateau Narla Bayview for sale by Greg Griffin, Alexander Schreiber and Nicholas Hayes of Belle Property Avalon is one of Sydney's finest estates on 4,110sqm.

Victoria (Vic.)Melbourne

Featured Property

Statement Montresor estate Templestowe sold in three weeks - McGrath

7 Edwin Road Templestowe sold by Adrian Stefanetti and James Moss of McGrath is 4,025sqm of French-inspired luxury complete with pool and tennis court.

Queensland (Qld)Brisbane

Featured Property

Private resort-style Burbank acreage for sale - Sotheby’s

64 Oakridge Street Burbank for sale by Malcolm Li of Queensland Sotheby’s International Realty evokes relaxed Balinese charm, with landscaped grounds and dual living.

Pages

News Roundup

https://www.commo.com.au/news/2019/04/03/adelaide-office-property-market-surges-report/1554270240

Adelaide office property market surges: report

Knight Frank’s Adelaide CBD Office Market Overview revealed there was $921.8 million worth of transactions over $10 million in the office market last year.

Commo

https://www.thehotelconversation.com.au/properties/2019/04/03/waterfall-park-hotel-%E2%80%93-unique-queenstown-opportunity/1554289775

Waterfall Park Hotel – Unique Queenstown Opportunity

Located between Arrowtown and Lake Hayes, the Waterfall Park Hotel is offered for sale as a turn-key development by one of New Zealand’s leading commercial real estate agents, Bruce Whillans of Whillans Realty Group.

The Hotel Conversation

https://www.rethinktokyo.com/news/2019/04/02/land-prices-japan-2019/1554158769

Land prices of Japan in 2019

PLAZA HOMES report price rises in Tokyo residential areas.

Rethink Tokyo

https://www.thehotelconversation.com.au/news/2019/04/02/fijis-newest-luxury-hotel-opening-month-pullman-nadi-bay-resort-spa/1554168130

Fiji's newest luxury hotel opening this month - Pullman Nadi Bay Resort & Spa

The Pullman brand is set to make its debut in Fiji on the 19th of April 2019 with the launch of the Pullman Nadi Bay Resort & Spa – a vibrant new destination where local culture connects with all things contemporary.

The Hotel Conversation

https://www.rethinktokyo.com/japan-heritage-restoration-techniques

A blessing in disguise: Japan’s heritage-saving skills

Shrouding Japan’s iconic structures in scaffolding and suyane for years at a time, the Protected Conservation Techniques are a world of dedication and detail.

Rethink Tokyo

https://www.mingalarrealestateconversation.com/news/2019/04/02/what-are-benefits-chinas-belt-and-road-initiative-myanmar/1554148379

What are the benefits of China's Belt and Road initiative for Myanmar?

Colliers International has outlined the benefits of the Belt and Road initiative for Myanmar ahead of Belt and Road forum in Beijing next month.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/04/02/new-build-mercure-hotel-announced-sydney%E2%80%99s-rouse-hill/1554158625

New-build Mercure hotel announced for Sydney’s Rouse Hill

Accor has announced a new partnership with Lewis Land Group to bring a new-build Mercure hotel to Sydney’s Hills district, opening in July 2019.

The Hotel Conversation

https://www.commo.com.au/news/2019/04/01/charter-hall-retail-management-acquires-sydneys-rockdale-plaza-142-million

Charter Hall Retail Management acquires Sydney's Rockdale Plaza for $142 million

JLL’s Simon Rooney has negotiated the agreement for the sale of a 100% interest in Rockdale Plaza, a dominant and strong-performing convenience based major Sydney sub-regional shopping centre, for $142.0 million to Charter Hall Retail REIT (CQR).

COMMO