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CoreLogic Auction Market Preview

CoreLogic is expecting auction volumes to rise by 12.7% on last week’s activity, with 1,967 homes currently scheduled for auction across the combined capital cities.

Victoria (Vic.)Melbourne Brighton Collingwood Fitzroy

The Economy

Rental freeze will only leave renters ‘out in the cold’; real estate peak launches public campaign to end policy recklessness

Victoria’s real estate peak body, the Real Estate Institute of Victoria, has today launched a major advertising campaign attacking the proposed residential rental cap, outlining that the policy’s introduction will increase homelessness.

Victoria (Vic.)

Featured Property

c.1847 Marangan Benalla on market for first time in 50 years - LAWD

2 Goomalibee Road Benalla for sale by Peter Sagar, Paul Callanan, Darcy Tobin and Boston Facey-Smith of LAWD is locoated on 188 ha. and enjoys sweeping views over 3Km of Broken Riverfront.

Victoria (Vic.)

Featured Property

Martha Cove family residence for sale with private berth - Marshall White

26 Helsal Point Safety Beach for sale by Bradley Pearce of Marshall White presents the perfect setting for lavish celebrations.

Victoria (Vic.)Melbourne

Featured Property

Single level c1912 Kooyong for sale - Marshall White

9 Moralla Road Kooyong for sale by Marcus Chiminello and David Volpato of Marshall White is on the market for the first time in 100 years.

New South Wales (NSW)Sydney

People

Elite sales agent returns to Ray White Werribee

Sales agent and Hoppers Crossing property specialist Petar Krnjeta has returned to Ray White Werribee.

National

The Economy

Art leads the Knight Frank Luxury Investment Index while growth in other asset classes is starting to slow or even reverse

Art has seen the greatest growth out of 10 luxury collectible asset classes over the past year, according to the Luxury Investments instalment of Knight Frank’s The Wealth Report Series.

Queensland (Qld)Brisbane

People

Belle Property opens new office in Brisbane’s Aspley

Belle Property announced the opening of its new office location in the north Brisbane suburb of Aspley under the leadership of local real estate professional Luc Rance.

New South Wales (NSW)

Featured Property

Mount Ashby Estate in coveted Southern Highlands for sale - LAWD

140 Nowra Road Moss Vale for sale by Andrew Graham, Trish Brewer and Joseph Yang of LAWD offers a significant 40.47 ha. of rural lifestyle with a range of tourism possibilites.

Victoria (Vic.)Melbourne

People

Belle Property opens new Melbourne office in Doncaster East

Belle Property announced the opening of its latest new Melbourne office in Doncaster East, under the leadership of local real estate professional Tey Ashjaee.

Pages

News Roundup

https://www.thebusinessconversation.com.au/2019/07/19/sydney-named-top-destination-business-meetings-and-events-2019/1563499134

Sydney named top destination for business meetings and events for 2019

In Cvent’s list of Top 10 Meeting Destinations for meetings and events in Australia and Oceania, Sydney takes the number one spot while Fiji’s Nadi puts itself on the map for meetings and events in the region.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/07/18/royal-hotel-richmond-sold-htl-industry-stalwart-peter-wynne/1563422782

Royal Hotel in Richmond sold by HTL to industry stalwart Peter Wynne

The Royal Hotel in Richmond has been sold by HTL Property in a discreet, off-market sale to industry stalwart Peter Wynne.

The Hotel Conversation

https://www.commo.com.au/news/2019/07/16/increase-melbourne-commercial-property-sales-value-throughout-past-three-months

Increase in Melbourne commercial property sales value throughout the past three months, research shows

New research from Melbourne CityScope has shown that commercial property sales value in the city is trending upwards.

COMMO

https://www.theindustrialist.com.au/news/2019/07/18/warehouse-brisbanes-north-sold-12-million/1563429075

Warehouse in Brisbane's north sold for $1.2 million

A vacant industrial/warehouse in Brisbane’s northern suburb of Virginia has been snapped up for $1.28M + GST by an owner-occupier

The Industrialist

https://www.commo.com.au/news/2019/07/17/dymocks-properties-purchase-420-george-street-421-million/1563341452

Dymocks Properties purchase 420 George Street for $42.1 million

Cushman and Wakefield has sold the office tower at 420 George Street on behalf of Forza Capital for $42.1 million.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/17/david-mansfield-appointed-chief-operations-officer-quest-apartment-hotels/1563336051

David Mansfield appointed Chief Operations Officer at Quest Apartment Hotels

Hotelier David Mansfield has been apppointed Chief Operations Officer at Quest Apartment Hotels, bringing many years of experience to Quest's franchise operations

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2019/07/19/good-design-energy-saving-aussie-dishwasher-shines-prestigious-awards-night

Good Design: Energy-saving Aussie dishwasher shines at prestigious awards night

Now in its 61st year, the annual Good Design Awards attracted a record number of submissions in 2019, with judges evaluating close to 700 projects.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/07/16/robust-results-nsw-and-qld-pub-market-over-financial-year/1563252394

Robust results in NSW and QLD pub market over financial year

The pub market in both NSW and QLD has shown robust results over the 2018/19 Financial Year - HTL Property

The Hotel Conversaion