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John McGrath – Australia has a diversity of property markets

Australia is not just one property market. It is a collection of markets, and it could be argued that each of those markets is defined by suburb boundaries. By John McGrath, Chief Executive Officer of McGrath Estate Agents.

International National

The Economy

Sydney records prime annual rental growth of 17.3%, more than triple the city in second place - Knight Frank

Sydney had the strongest rental growth for prime property in Q1 2024, recording a 12-month growth rate of more than triple the city in second place, according to the latest research from Knight Frank.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

The Economy

Hits and misses: REIQ warns flaws remain in Rental Law Reforms

The Real Estate Institute of Queensland (REIQ) says that the Bill regarding Stage 2 Rental Law Reforms which was passed in Parliament yesterday, has missed the mark.

Victoria (Vic.)Melbourne Collingwood

Design

Drummond House: The Future of Luxury Living

Melbourne is set to witness the emergence of a groundbreaking residential development designed by renowned architect Karl Fender, principal at Fender Katsalidis, that promises to set a new standard for contemporary luxury living in Australia.

Queensland (Qld)Brisbane

Featured Property

Architecturally remodelled Hudson House New Farm for sale - Place

112 Browne Street New Farm for sale by Heath Williams and Chris Conway of Place New Farm offers a serene retreat and an ideal setting for entertainment.

National New South Wales (NSW)

People

Taking property to new heights: Altitude Real Estate partners with UrbanX

Altitude Real Estate have announced their partnership with UrbanX to further enhance their client-focused approach and innovative marketing strategies.

National

People

First National Real Estate announces National Awards at Kuala Lumpur convention

First National Real Estate’s agents were last night presented with their General Excellence and Marketing Awards at the network’s National Convention, which is currently underway at Malaysia’s Grand Hyatt in Kuala Lumpur.

Queensland (Qld)Brisbane

Featured Property

Historic 1,110sqm Kangaroo Point Rockfield for sale - Place

19 Leopard Street Kangaroo Point for sale by Sarah Hackett and Lauren Marmotta of Place New Farm stands as a testament to exceptional craftsmanship and elegant design.

Queensland (Qld)

Featured Property

Magnificent Barn treetop mansion Daintree Rainforest for sale - Raine & Horne

275 Penda Close Cow Bay for sale by Mark Whitham of Raine & Horne Port Douglas/Mossman for first time in 30 years is ideal for both family living and holiday rentals.

New South Wales (NSW)

People

Elevating the Best, McClintock Real Estate launches powered by UrbanX

Founded by seasoned agent Jarrod McClintock, McClintock Real Estate has officially launched and will deliver impeccable service and incredible results across the Central Coast.

Pages

News Roundup

https://www.commo.com.au/news/2020/05/06/primewest-group-partners-rsm-australia-provide-business-advice-and-assistance-0

Primewest Group partners with RSM Australia to provide business advice and assistance to tenants hit by COVID-19

Primewest Group has partnered with RSM Australia to help reduce the pressure on both retail and commercial tenants burdened by the economic fallout from the COVID-19 pandemic.

Commo.

https://www.theindustrialist.com.au/2020/05/04/resources-giant-fortescue-metals-leases-belmont-facility-cbre/1588552051

Resources giant Fortescue Metals leases Belmont facility CBRE

Fortescue Metals Group has taken on an additional warehouse and office lease in Belmont, Perth’s east transacted by CBRE’s Chris Monterosso and Tom Iredell.

The Industrialist

https://www.thehotelconversation.com.au/news/2020/05/05/sorrentos-continental-hotel-sold-melbourne-developer-more-14-million/1588658161

Sorrento's Continental Hotel sold to Melbourne developer for more than $14 million

Developer Trenerry Property has acquired the Continental Hotel in Sorrento in a deal negotiated by Guy Wells and Trent Hobart from Colliers International.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/05/05/one-third-australian-accommodation-food-services-jobs-lost-during-covid-19-abs

One third of Australian Accommodation & food services jobs lost during COVID-19: ABS

Total wages paid by employers decreased by 8.2% during the five weeks after Australia recorded its 100th confirmed COVID-19 case.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/05/05/quest-apartment-hotels-new-zealand-launches-recovery-package-offer/1588635628

Quest Apartment Hotels New Zealand launches recovery package offer

As New Zealand works their way through levels three to two and ultimately one and the new normal, Quest Apartment Hotels has committed to remaining open each step of the way.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/05/01/nt-opens-applications-new-business-hardship-package/1588315894

NT opens applications for New Business Hardship Package

Real estate open house inspections and auctions are also allowed in the NT from today as part of Stage One of the Territory's Roadmap to the New Normal.

The Business Conversation

https://www.commo.com.au/news/2020/05/01/south-regional-business-centre-brisbane-sold-3525-million/1588310119

South Regional Business Centre in Brisbane sold for $35.25 million

The City of Brisbane Investment Corporation has sold the South Regional Business Centre at Yeerongpilly for $35.25 million in a deal negotiated by Mike Walsh, Peter Court and Nick Spiro of Cushman & Wakefield and Peter Chapple (formerly of Savills) and Greg Woods of Savills.

Commo.

https://www.thebusinessconversation.com.au/news/2020/04/30/woolworths-partners-social-enterprise-bread-butter-project-rise-above-covid-19

Woolworths partners with social enterprise The Bread & Butter Project to rise above COVID-19 impacts

A complete pivot in its business model has allowed The Bread & Butter Project to keep its doors open in support of its workers who are not eligible for the government’s JobKeeper support program.

The Business Conversation