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Loan commitments fall but first home buyers on the rise - REIA

The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest lending figures released by the Australian Bureau of Statistics (ABS) show the total value of new loan commitments for housing fell 3.4 per cent to $27.4 billion in August 2022 (seasonally adjusted), after a fall of 8.5 per cent in July.

National

People

McGrath acquires stake in top performing franchisee

McGrath Limited (ASX:MEA) (McGrath, Company or Group) today is pleased to announce that it has acquired a 30% stake in its Central Coast franchisee, McGrath Central Coast, from principals Jaimie Woodcock and Mat Steinwede (Acquisition).

National

The Economy

Debt held by foreign banks soars by 20% according to Plan1

Plan1 Co-founder, Richard Jenkins said analysis of the latest APRA statistics show total CRE debt grew by a whopping $35 billion over the 12 months to June 2022, greatest growth since 2008.

National

The Economy

John McGrath – Pandemic creates new long term Australian property trends

John McGrath, Chief Executive Officer of McGrath Estate Agents says the theme for the newly released McGrath Report 2023 is ‘chaos creates opportunity’.

National

The Economy

Productivity commission’s housing affordability report supports REIA’s plan

The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has welcomed the Productivity Commission’s report into housing affordability adding that “it supports REIAs plan for addressing the housing crisis.”

Western Australia (WA)Perth

The Economy

Rental stock hits 12-year low in September - REIWA

REIWA President Damian Collins said now was a challenging time for tenants, with rental supply struggling to keep up with Perth’s growing population.

National

The Economy

Rate of decline in housing values eases in September - CoreLogic

CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a -1.4% decline in September. Although values continue to trend lower, the rate of decline eased from a -1.6% fall in August.

National

People

Women in auctioneering hits historic milestone for AUSTROS 2022

AUSTROS has hit new milestones in promoting the rise of women in auctioneering with a historic representation of females on the judging panel.

New South Wales (NSW)Sydney

Featured Property

Alex Popov-designed Whale Beach beachfront for sale - LJ Hooker Palm Beach

207 Whale Beach Road Whale Beach for sale by David Edwards and BJ Edwards of LJ Hooker Palm Beach delivers private contemporary beachfront with intimate beach and ocean views.

Victoria (Vic.)Melbourne

Featured Property

Classical c1927 Toorak home for sale - Marshall White

9 Linlithgow Road Toorak for sale by Marcus Chiminello and Sonja Sendin of Marshall White Stonnington delivers a luxurious family lifestyle with north facing gardens.

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News Roundup

https://gapurabali.com/property/ungasan-bukit/stylish-luxury-leasehold-villa-sale-ungasan

Stylish luxury leasehold villa for sale in Ungasan

Neil Power from Xclusive Property is offering this 3-bedroom leasehold villa for sale close to Karma Kandara in Ungasan, the Bukit.

Gapura Bali

https://www.mingalarrealestateconversation.com/news/2018/10/09/growth-condo-sales-forecast-despite-lack-new-developments/1539052049

Growth in condo sales forecast despite lack of new developments

An absence of new condominium development launches signals a decrease in developers' confidence, but sales growth is forecast thanks to an increase of lower to mid-tier projects, Colliers International Myanmar Condominium Quarterly Review Q2 2018 has found.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/properties/2018/10/08/samford-hotel-and-woodford-village-hotel-sale/1538967516

Samford Hotel and Woodford Village Hotel for sale

The popular Samford Hotel and Woodford Village Hotel near Brisbane's outer Samford and Woodford areas are being sold by the Pullos family, who have appointed Power Jeffrey & Co agents Robert Hunter and Andy Nason to broker the sale.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/10/08/cheers-new-liquor-laws-benefit-wa-small-business/1538948365

Cheers! New liquor laws to benefit WA small business

Among the suite of changes, patrons are able to take home partially-consumed wine from a small bar or tavern if they choose to finish it later, which previously only applied to restaurants.

The Business Conversation

https://www.thehotelconversation.com.au/news/2018/10/08/holiday-inn-hotel-announced-melbourne-suburb-ringwood/1538950503

Holiday Inn Hotel announced for Melbourne suburb of Ringwood

IHG is continuing the expansion of the Holiday Inn brand in Australia with the signing of Holiday Inn & Suites Melbourne Ringwood opening in 2020.

The Hotel Conversation

https://www.retalkasia.com/news/2018/10/05/cbre-reveal-opportunities-bangkoks-rental-market/1538694016

CBRE reveal opportunities in Bangkok's rental market

Theerathorn Prapunpong, Head of Advisory & Transaction Services - Residential Leasing at CBRE Thailand advises on rental trends detailing tenant behaviours in Bangkok's residential market.

RETalk Asia

https://www.thehotelconversation.com.au/news/2018/10/05/record-setting-%E2%80%9Cgoldeneye-media%E2%80%9D-launches-los-angeles/1538707293

Record-setting “Goldeneye Media” launches in Los Angeles

Leading Australian real estate film company Goldeneye Media has launched an office in Los Angeles amid heightened demand for cinematic productions in the luxury property sector, with a growing interest from hotel owners and agents.

The Hotel Conversation

https://www.thehotelconversation.com.au/properties/2018/10/05/hotel-coachman-and-skotel-alpine-resort-sold-dean-humphries-colliers-new

Hotel Coachman and Skotel Alpine Resort sold Dean Humphries Colliers New Zealand

The sales of two central North Island hotels in recent weeks have highlighted the strength of New Zealand’s regional tourism economy amid the country’s ongoing tourism boom.

The Hotel Conversation