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More than 40% of Australian house and unit markets record double-digit rent increase - CoreLogic

A surge in overseas migrants and international students coupled with a significant shortfall in rental listings has led to the strongest annual rental increase on record for Australia’s capital cities.

New South Wales (NSW)Sydney

Featured Property

Palatial Vaucluse family home for sale - Ray White

26 Olphert Avenue Vaucluse for sale by Adam Reichman and Elliott Placks of Ray White Double Bay offers thoughtful Hamptons-inspired renovations and resort-style features.

New South Wales (NSW)Sydney

Featured Property

New Hills District record for 1,300sqm Middle Dural acreage - LJ Hooker

1 Mcleod Road Middle Dural sold by William Brush and Peter Colusso of LJ Hooker Dural sold within the $14-15m guide to interstate buyers.

National

The Economy

Housing affordability at its worst this century - REIA

Real Estate Institute of Australia (REIA) President, Hayden Groves has said that housing affordability, rental affordability and first home ownership has declined over the March quarter 2023.

Victoria (Vic.)

Featured Property

Simon O'Donnell's 200-acre Willowmavin estate for sale - Marshall White

465 McHargs Road Willowmavin for sale by Chris Barrett and John Bongiorno of Marshall White offers endless options as a lifestyle sanctuary, working farm, AirBnB or equestrian centre.

Queensland (Qld)Gold Coast

Featured Property

Mulpha releases first ever Sanctuary Cove penthouses

The two Harbour One waterfront penthouses have been designed to exude luxury coastal living and set a new benchmark for quality on the Gold Coast.

National

The Economy

Steam to come out of housing market recovery as RBA rate-hiking cycle rolls on - CoreLogic

The RBA has lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year

National

The Economy

Rebounding housing market offers options for mortgage holders feeling the strain

A decision by the Reserve Bank of Australia to increase interest rates is unlikely to impact property prices with a shortage of listings and high demand driving growth, according to the LJ Hooker Group.

Queensland (Qld)Sunshine Coast

Featured Property

c1860s Noosa Hinterland for sale - Noosa4Sale

66 Mountain View Road Pinbarren for sale by Alex Harris of Noosa4Sale is steeped in history and crafted with skill and care.

National

The Economy

Inflationary pressures are again the driver of the RBA’s decision to increase interest rates

The Agency Managing Director and Group CEO Geoff Lucas said inflationary pressures are again the driver of the RBA’s decision to increase interest rates by 25 basis points to 4.1 per cent at their June meeting today.

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News Roundup

https://www.rethinktokyo.com/marunouchi-area-history?fbclid=IwAR20ZlTN1S9sFxm3w2XWLGmI_AuezS_iE6s1ZfEI-9KWWVoP80KpTIOoLOY

From swamp to swanky: The history of Tokyo's Marunouchi district

The Marunouchi area surrounding Tokyo Station is one of Tokyo’s most prestigious business districts and ranks high on the global power index. Few know that the glitzy hub of high-rise office towers was once a marshland considered not fit for settlement.

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/05/13/investment-demand-new-zealand-hotel-assets-remain-high-colliers-international

Investment demand for New Zealand hotel assets remain high - Colliers International

Investment demand for New Zealand hotel assets remain at an all time high from both offshore and domestic investors. However, opportunities remain scarce as hotel assets remain tightly held with owners electing to retain, based on buoyant trading conditions and further capital appreciation expectations.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/05/13/crown-group-plans-vertical-waterfront-city-jakarta/1557730920

Crown Group plans vertical waterfront city for Jakarta

Australian developer Crown Group is planning a residential development on the Jakarta waterfront that would be the first of its kind for the city.

The ASEAN Developer

https://www.commo.com.au/2019/05/13/mango-hill-retail-site-sold-392-million/1557727972

Mango Hill retail site sold for $3.92 million

A DA approved corner site in Mango Hill has been sold to a local developer for $3.92 million in a deal negotiated by Savills.

COMMO

https://www.thehotelconversation.com.au/news/2019/05/13/hickory-appointed-build-melbourne%E2%80%99s-first-hyatt-centric-hotel/1557751283

Hickory appointed to build Melbourne’s first Hyatt Centric hotel

Little Projects has today announced that it has appointed Hickory to build Melbourne’s first Hyatt Centric hotel expected to open in 2021, a full-service lifestyle hotel.

The Hotel Conversation

https://www.rethinktokyo.com/chiyoda-area-guide-real-estate

Chiyoda area guide: Japan’s centre of political power

Home to the Imperial Palace, Tokyo Station and government ministries, Chiyoda ward is the historical, financial and political centre of Tokyo that attracts both the business elite and diplomats.

REthink Tokyo

https://www.retalkasia.com/news/2019/05/13/strong-growth-key-markets-compensate-dip-chinese-tourists-visiting-thailand-cbre

Strong growth from key markets compensate for dip in Chinese tourists visiting Thailand - CBRE

The Ministry of Tourism and Sports (MOTS) announced they are expecting more than 40 million tourists to visit Thailand this year

REtalk Asia

https://www.thebusinessconversation.com.au/news/2019/05/09/biopak-qantas-partnership-launches-world%E2%80%99s-first-zero-waste-flight/1557350640

BioPak Qantas partnership launches world’s first zero-waste flight

Qantas Group joins the war against waste, trialling a major zero-waste initiative with Australia’s leading eco-friendly packaging company, BioPak.

The Business Conversation