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reiwa.com Awards: celebrating WA real estate's finest

The best and brightest of Western Australia's real estate industry gathered last Saturday night for the 2017 reiwa.com Awards Ball.

Tasmania (Tas.)Hobart

Featured Property

Mesmerising designer residence on Tasmania's water’s edge

A stunning waterfront home, 50 Flinders Esplanade is both an architectural masterpiece and sumptuous, luxury home. For sale through Pam Corkhill of Knight Frank Hobart.

Queensland (Qld)Brisbane

Markets

Paul Hogan syndicate to pay $21m for Brisbane's Queen's Arms Hotel

A new $100m hotel syndicate, headed up by Nick Politis and Peter Ashelford, is set to pay $21 million for Brisbane's Queen's Arms Hotel, along with former Crocodile Dundee star, Paul Hogan.

Trends

DocuSign helps REINSW move towards digital future

SCHWARTZWILLIAMS spoke to Brad Newton, DocuSign's vice-president Asia Pacific, about the advantages of the cloud-based system. He told us the technology came about because a tech entrepreneur wanted to spend more time with his real estate agent wife.

Queensland (Qld)Brisbane

Architecture

Ninety of Brisbane's finest homes and buildings will be open to the public at Brisbane Open House

Brisbane Open House will be held on the weekend of 7 October, allowing the public access to 90 of the city's finest homes and buildings, and offering a range of events and speakers.

South Australia (SA)Adelaide

Featured Property

Craigburn Farm: a masterpiece of attention to detail and design

This uncompromising home brings together the highest quality finishes throughout. For sale through Grant Wills of Toop & Toop Hyde Park Goodwood.

International National

The Economy

What do China's new capital controls mean for Australian real estate?

For Chinese investors that are already operating outside China, the impact may be negligible, says CBRE.

Victoria (Vic.)

Politics

Victoria's rushed long-term tenancy legislation unattractive for landlords: REIV

Long-term leases must be attractive for landlords if they are to be successful, says Gil King, CEO of the REIV.

National

The Economy

Chinese investors leave half their properties vacant: UBS

A UBS survey has found that nearly half of all real estate owned by Chinese investors is not fully used.

New South Wales (NSW)Sydney

Featured Property

Sydney 30m deep water frontage north-facing private sandy beach

'Cooinda' is an architecturally designed waterfront home in Sydney's Avalon on the Northern Beaches, featuring Pittwater views and sandstone and timber accents. For sale through Lachlan Elder of LJ Hooker Mona Vale.

Pages

News Roundup

http://www.dailytelegraph.com.au/realestate/news/heritage-homes-back-in-demand-for-perth-homebuyers/story-fni0ckze-1227373169960

Heritage homes back in demand for Perth homebuyers

Character homes are continuing to demand big premiums from Perth buyers, despite a slowdown in the rest of the market. From 1900s Victorian brick homes to classic weatherboard cottages, heritage homes are transfixing Perth buyers. While the average house sits on the market for 77 days — the longest in the country — houses with quality character features are continuing to outperform, estate agents say.

The Daily Telegraph

http://www.businessinsider.com.au/the-property-boom-has-made-harry-triguboff-4-73-billion-in-a-single-year-2015-5

The property boom has made Harry Triguboff $4.73 billion in a single year

Australian apartment developer Harry Triguboff added $4.73 billion to his total wealth over the last 12 months, bringing his net worth to $10.23 billion.

Business Insider Australia

http://www.nytimes.com/2015/05/17/realestate/want-a-green-card-invest-in-real-estate.html

Want a Green Card? Invest in Real Estate

Investing in real estate projects in exchange for legal immigration status has become big business in New York City.

The New York Times

http://www.theaustralian.com.au/business/property/avjennings-buys-waterfront-place-in-port-melbourne/story-fn9656lz-1227370361671

AVJennings buys Waterfront Place in Port Melbourne

Listed developer AVJennings is rapidly expanding its development pipeline across Australia, with the group yesterday announcing the purchase of the Waterfront Place project in Port Melbourne, which will have a $500 million end value.

The Australian

http://www.smh.com.au/business/masterchef-star-george-calombaris-gazi-and-press-club-property-up-for-sale-20150526-gh9xnd.html

Gazi and Press Club on market for $9M

One of Melbourne's best-known dining destinations is on the market. The property is part of heritage-listed former Herald and Weekly Times building which was redeveloped into the 40-storey Ernst & Young office tower. Other tenants include CBRE, Charter Keck Cramer, ISPT, Jones Lang LaSalle, NAB Private Wealth, Polycom and Qantas.

The Age

http://www.worldpropertyjournal.com/real-estate-news/australia/sydney-real-estate-news/asia-commercial-property-investment-report-2015-asia-pacific-capital-markets-may-2015-japan-real-estate-investment-australia-real-estate-investors-india-property-investors-9113.php

India Rising as Australia, Japan Dominate Commercial Investment Activity in 2015

According to Knight Frank's Asia-Pacific Capital Markets May 2015 report, overall commercial real estate investment continued apace in the second half of 2014, with volumes (excluding land sales) hitting US$72 billion - a seven-year high and only marginally below the US$74 billion of H2 2007. A significant weight of capital continues to be concentrated on Japan and Australia.

World Property Journal

http://www.businessspectator.com.au/news/2015/5/26/mergers-acquisitions/blackstone-ponders-joining-mirvac-tilt-investa

Blackstone ponders joining Mirvac in tilt for Investa

New York-based private equity firm Blackstone is considering partnering with Mirvac Group for a joint tilt at the $8.9 billion Investa Property Group. Blackstone and Mirvac had recently held tentative discussions about a joint venture, which would see the listed domestic trust taking control of the management rights to Investa’s sprawling real estate platform, sources said.

Business Spectator

http://www.theaustralian.com.au/life/first-home-woes-cashed-up-investors-jump-the-queue/story-e6frg9zo-1227364898952?sv=3b1a64051da75682e0f85062359e4eb4

First-home woes: cashed up investors jump the queue

In the market for their first home, Michelle Moore and Luke Caruana don’t think foreign investors are their biggest competition for an apartment in Cronulla, the beachside suburb in Sydney’s south. Moore says it is unfair that older investors can buy property by borrowing from their self-managed super funds, which are treated more favourably for tax purposes.

The Australian