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Western Australia (WA)Perth

The Economy

Perth house prices continue to climb - REIWA

“The median house price has been rising steadily all year,” REIWA CEO Cath Hart said.

National

The Economy

CoreLogic Home Value Index shows growth easing in most regions as new listings rise - CoreLogic

CoreLogic’s national Home Value Index (HVI) rose 0.7% in July marking a fifth consecutive month of housing value recovery. Since finding a floor in February, the national HVI is up 4.1%, following a -9.1% decline from record highs in April 2022.

National

People

More wins for PropHero at the 2023 Proptech Awards

At the recent Australian Proptech Awards hosted by Proptech Association Australia, PropHero was announced as the winner of “Most Innovative Startup – Data, Analytics, Insights & AI.”

South Australia (SA)Adelaide

The Economy

SA Metro Market Update – 2023 June Quarter

The South Australian property market has once again demonstrated its resilience and optimism by posting a new record median price once again and substantially increasing the volume of sales from the previous quarter.

Queensland (Qld)Brisbane Western Australia (WA)

Featured Property

Timeless 1,459sqm Indooroopilly riverfront for sale - Place

19 Ivy Street Indooroopilly for sale by Sarah Hackett of Place New Farm delivers a "rare" turn-key property with tennis court, pool, gym and private boat pontoon.

National

The Economy

John McGrath – How to deal with FOMO as a buyer

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, try not to be too disappointed if you miss out on a property this Winter, and trust that another great home will come up for sale soon.

National

The Economy

Apartment price growth continues - Ray White

According to Nerida Conisbee of Ray White Group Chief Economist, apartment price growth continues as house prices pull back slightly.

Victoria (Vic.)

People

Greg Brydon crowned 2023 REIV Senior Auctioneer of the Year

The Real Estate Institute of Victoria (REIV) congratulates Greg Brydon of Ray White Cheltenham as the 2023 REIV Senior Auctioneer of the Year. REIV also extends further congratulations to runner up, Luke Banitsiotis of Woodards Blackburn.

National

The Economy

REIA urges family investors to have their say on the rental crisis

REIA President Hayden Groves has called on family investors to have their say into the inquiry into worsening rental affordability.

National

Construction

Return of skilled workers eases acute shortage of skilled trades - HIA

The HIA Trades Report released today provides a quarterly review of the availability of skilled trades and any demand pressures on trades operating in the residential building industry.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2019/07/23/da-approved-hotel-australia%E2%80%99s-world-famous-blue-mountains/1563857792

DA Approved Hotel for Australia’s World-Famous Blue Mountains

Blue Mountains Hotel Development Site for sale through HTL Property Asia Pacific Director Andrew Jolliffe.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2019/07/23/booming-brisbane-suburb-serves-85-million-industrial-deals/1563840407

'Booming' Brisbane suburb serves up $8.5 million in industrial deals

Ray White Industrial Milton has taken advantage of the growing Wynnum precinct by sealing five separate deals in the last year, totalling more than $8.5 million combined.

The Industrialist

https://www.commo.com.au/news/2019/07/23/jll-appointed-manage-sydney-trains-property-footprint-nsw/1563850988

JLL appointed to manage Sydney Trains property footprint in NSW

Global property services firm, JLL has been appointed as the Property Manager for the Sydney Trains portfolio.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/22/museum-and-art-gallery-northern-territory-announces-mantra-official-accommodation

Museum and Art Gallery Northern Territory announces Mantra as Official Accommodation Partner

The Museum and Art Gallery of the Northern Territory (MAGNT) is proud to announce Mantra Hotels, now part of Accor, as their Official Accommodation Partner.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/07/22/continued-confidence-whitsunday-coast-shown-through-43-million-retail-expansion

'Continued confidence' in Whitsunday coast shown through $4.3 million retail expansion

The Pavillion Arcade at Airlie Beach is in the midst of a $4.3 million expansion, just over two years after Cyclone Debbie hit the region.

The Asean Developer

https://www.commo.com.au/2019/07/22/wework-signs-new-location-sydney/1563756637

WeWork signs new location in Sydney

WeWork is set to further expand its Sydney presence after securing approx. 11,000sqm of space at 320 Pitt Street in a 12-year leasing deal negotiated by the exclusive agents, JLL and Knight Frank.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/17/publicans-should-tap-depreciation-deductions/1563332459

Publicans should tap into depreciation deductions

"When arranging a depreciation schedule for a pub, a specialist quantity surveyor will perform a site inspection to uncover all available deductions," BMT Tax Depreciation

The Hotel Conversation

https://www.commo.com.au/news/2019/07/16/wa-rebound-according-ray-white-report/1563256975

WA on the rebound, according to Ray White report

While there is still some way to go in the recovery of the Perth office market, many opportunistic investors including private funds will look to capitalise on competitive investment yields, particularly given the historically low-interest rate environment.

COMMO