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Monthly CPI suggests that RBA was hasty - REIA

The latest ABS data shows that the Consumer Price Index rose 4.9 per cent in the 12 months to October 2023, down from 5.6 per cent in September and below the peak of 8.4 per cent in December 2022.

National

The Economy

Sydney one of 5 cities to buck global slowdown in super-prime (US$10m+) residential sales - Knight Frank

Sydney is one of five cities to buck a global super-prime slowdown, with the city seeing a rise in sales volumes for properties of US$10 million-plus over the third quarter of this year compared to Q3 2022, according to the latest Knight Frank research.

Queensland (Qld)Sunshine Coast

Featured Property

Tranquil Noosa Heads retreat for sale - Century 21

6 Habitat Place Noosa Heads for sale by Adam Watts of Century 21 Noosa delivers tranquil views of the surrounding rainforest backdrop.

National

The Economy

Help to Buy Scheme to assist first home buyers into housing - HIA

“The Housing Industry Association (HIA) welcomes the introduction of the Help to Buy legislation to support more young Australians access to housing and address the declining rates of home ownership in Australia,” said Jocelyn Martin, HIA Managing Director.

National

The Economy

Undersupply of housing impacts affordability

Housing affordability decreased in 2023, driven by a simultaneous increase in housing values, rent values and interest rates, a new report by ANZ and CoreLogic has found.

Queensland (Qld)Gold Coast

Featured Property

Eco-luxury Tallebudgera Valley for sale - PRD

33 Monday Drive Tallebudgera Valley for sale by John Fischer and Shelley Watkins of PRD Burleigh Heads delivers a showstopping masterclass of modern eco-luxury.

National

The Economy

Softest capital city preliminary clearance rate since mid-March, an early sign of weaker conditions ahead - CoreLogic

Capital city auction activity held relatively steady last week, with 2,972 homes auctioned across the capitals, easing slightly from the 2,990 held the week prior.

Queensland (Qld)Gold Coast

Featured Property

Burleigh Heads waterfront Koala Park for sale - Sotheby’s

32 Elanora Drive Burleigh Heads for sale by Scott Keatley of Queensland Sotheby’s International Realty is positioned in a prestigious waterfront location with direct access to Tallebudgera Creek and Coral Sea.

National

The Economy

REIA urges tenants to negotiate ‘mutual agreements’ as vacancies plummet

Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has urged tenants to seek out ‘Mutual Agreements’ with property managers if they require changes to a property.

National

The Economy

Top 10 Predictions for 2024 for Australian housing markets by Ray White Group Chief Economist

As we head into 2024, what does the future hold for residential property in Australia? by Nerida Conisbee Ray White Group Chief Economist

Pages

News Roundup

https://www.thebusinessconversation.com.au/news/2020/02/04/green-homes-australias-energy-efficient-sustainable-homes-win-global-innovation

Green Homes Australia's energy-efficient, sustainable homes win Global Innovation Award

Based in Orange, NSW, this franchise construction company has been recognised for building energy-efficient, sustainable, longer-lasting homes that lessen the impact on the environment.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/02/04/hilton-brisbane-shines-food-and-beverage-masters/1580790408

Hilton Brisbane shines at Food and Beverage Masters

Hilton Brisbane’s best and brightest have battled it out at the annual Hilton Australasia Food and Beverage (F&B) Masters in Brisbane, with one of the hotel’s three finalists taking away a top accolade.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2020/02/03/first-look-inside-crown-towers-sydney/1580696294

First look inside Crown Towers Sydney

Crown has released a new set of renders of its new Sydney hotel which is scheduled to open at the end of this year.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2020/02/03/mornington-peninsula-development-site-sold-64-million/1580707117

Mornington Peninsula development site sold for $6.4 million

A major development site in Victoria’s coveted Mornington Peninsula has sold to local developer Piermont Group for $6.4 million in a deal negotiated by Savills agents Julian Heatherich, Benson Zhou, and Mark Stafford.

The ASEAN Developer

https://www.thebusinessconversation.com.au/news/2020/02/03/coles-opens-new-round-innovation-grants-support-local-food-and-beverage-producers

Coles opens new round of Innovation Grants to support local food and beverage producers

Round eight of the Coles Nurture Fund will provide grants of up to $500,000 for small businesses to develop new market-leading products, processes and technologies.

The Business Conversation

https://www.thebusinessconversation.com.au/2020/01/31/nando%E2%80%99s-joins-plant-based-conversation-great-pretender/1580451191

Nando’s joins the plant-based conversation with the Great Pretender

Famous for its PERi PERi chicken menu, Nando’s will launch its very first meat-free protein alternative, which looks and smells like a chicken burger patty, nationwide in 2020.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/01/31/colliers-announce-asset-management-appointment/1580450902

Colliers announce Asset Management appointment

Colliers has announced the appointment of Michelle Wong to its Hotel Asset Management team in Sydney.

The Hotel Conversation

https://www.commo.com.au/news/2020/01/31/it-better-rent-or-buy-commercial-property/1580435317

Is it better to rent or buy a commercial property?

BMT Tax Depreciation weighs up the pros and cons of buying and renting commercial property.

Commo