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Featured Property

The Oxlade New Farm penthouse sold at auction by Place for $4.92m

80 Oxlade Drive New Farm sold by Sarah Hackett and Matthew Foote of Place New Farm in 24 days amid extensive interest and competitive bidding.

National Victoria (Vic.)Melbourne

The Economy

Just under half of all capital city auctions are set to take place in Melbourne this week (49.5%)

By Caitlin Fono, Research Analyst, CoreLogic Australia

People

Renowned Auctioneer Jerome Smith Launches Elders Real Estate Wagga Wagga

Jerome Smith, a seasoned auctioneer and real estate professional, has announced the opening of a new Elders Real Estate Residential and Lifestyle office Wagga Wagga.

Queensland (Qld)

Featured Property

Burnett Riverfront 50-acre country estate Platypus Park for sale - Sotheby’s

169 Bakers Road South Kolan for sale by Michael Vettoretto and Lynn Malone of Queensland Sotheby's International Realty provides a luxury lifestyle with endless possibilities for adventure and outdoor activities.

National

The Economy

Gap widens between house and unit values - CoreLogic

Suburbs with the largest and smallest house premium revealed Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years reveals, Tim Lawless CoreLogic research director.

People

McGrath posts strong half-year profit

McGrath has announced Underlying EBITDA of $4.8 million for the first half at the top end of the range2 of the trading update provided in November 2023 – a 42% increase over previous corresponding period.

National

The Economy

John McGrath – The trends driving regional property price growth

I can see many lifestyle areas performing as well or better than their city counterparts over the next decade. This capital growth will be driven by two main trends, says John McGrath, Chief Executive Officer of McGrath Estate Agents.

National

The Economy

CoreLogic: 2,044 auctions held the highest volume of auctions so far this year

Demand from buyers has kept pace with the pick-up in activity, with the preliminary clearance rate coming in at 75.4%, down slightly from last week (76.2% which revised to 70.3% on final numbers), said CoreLogic research director, Tim Lawless.

South Australia (SA)Adelaide

People

First National Real announce SA/NT 2024 General Excellence and Marketing Awards

First National Real Estate’s SA/NT agents were presented with their 2024 General Excellence and Marketing Awards at Adelaide Zoo on Friday night.

Queensland (Qld)Brisbane

Featured Property

The Oxlade New Farm cityside penthouse for Auction - Place

35/80 Oxlade Drive New Farm for sale by Sarah Hackett and Matthew Foote of Place New Farm delivers New York style with iconic city views.

Pages

News Roundup

https://www.thebusinessconversation.com.au/news/2020/02/28/icons-gin-2020-honours-australian-distiller/1582852531

Icons Of Gin 2020 honours Australian Distiller

Adelaide Hills Distillery has generated global interest, winning 'Distiller Of The Year' for distiller Sacha La Forgia in London.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/02/27/quarrymans-hotel-sells-auction/1582770631

Quarryman's Hotel sells before auction

Hotel industry stalwart Colin Parras buys back into the market by purchasing Pyrmont pub, through Sam Handy and Dan Dragicevich of HTL Property and Mike Wheatley of Knight Frank Hotels.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/02/27/meet-aussie-teamwear-company-giving-red-card-plastic-pollution/1582758840

Meet the Aussie teamwear company giving a red card to plastic pollution

Perth-based Mecca Sports produces sportswear made from recycled plastic, offering teams the chance to reduce the carbon footprint of their uniforms.

The Business Conversation

https://www.commo.com.au/news/2020/02/27/liverpool-office-building-sold-525-million/1582759572

Liverpool office building sold for $52.5 million

A commercial office asset has become Liverpool's highest ever property transaction after being sold to Chinese investors for $52.5 million in a deal negotiated by Ray White Commercial Western Sydney, in conjunction with Colliers International.

Commo.

https://www.thehotelconversation.com.au/2020/02/26/why-sydney-hotels-are-spruce-mode-says-jll/1582711771

Why Sydney hotels are in spruce-up mode, says JLL

Hotel operators rethink strategies on when best to refit, report by JLL Hotels.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/02/26/cosboa-launches-push-attract-more-women-small-business/1582707322

COSBOA launches push to attract more women into small business

Scheduled to tour over one hundred schools around the country, COSBOA's series of entrepreneurial workshops for young women aims to increase the number of female business leaders in Australia.

The Business Conversation

https://www.commo.com.au/news/2020/02/26/port-coogee-childcare-centre-sold-71-million/1582663350

Port Coogee Childcare Centre sold for $7.1 million

A brand new purpose-built childcare centre in North Coogee on the WA coast has sold off-market to a syndicate arranged by Perdaman for $7.1 million in a deal negotiated by Savills Australia's Barney Dear.

Commo.

https://www.thebusinessconversation.com.au/news/2020/02/25/smart-research-small-law/1582583942

Smart research for small law

This new opportunity for the small law market to invest in verified legal research will provide additional assurance to clients and take the burden out of manual knowledge work.

The Business Conversation