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Nine things to consider as interest rates rise - Ray White

Nerida Conisbee, Ray White Group Chief Economist looks at the things that we all need to remember at a time of rising interest rates.

Victoria (Vic.)

People

Richard Simpson elected new REIV President

The Board of the Real Estate Institute of Victoria (REIV) has elected respected real estate agent Richard Simpson as its President, through to October 2022.

Victoria (Vic.)

The Economy

Geelong tops the list for pandemic driven population growth - Ray White

The latest data on population growth by small area from the Australian Bureau of Statistics (ABS) now provides us with deeper insight into the areas that attracted the most people since the first lockdown in March 2020.

Western Australia (WA)Perth

The Economy

Perth home values increase again in April - REIWA

April was another strong month for the Perth property market, with CoreLogic data showing the Perth home value index increased 1.1 per cent during the month.

The Economy

National Home Value Index Released - CoreLogic

CoreLogic’s Home Value Index continues to lose steam as the case for higher interest rates mount.

National

People

Propic acquires Property Realm to create world’s most intelligent AI platform in real estate

Australian real estate PropTech innovator, Propic, today announces its acquisition of Property Realm in a move it says will “unapologetically disrupt” the real estate industry by automating up to 80% of property manager’s maintenance tasks and inbound inquiries with human conversation-style Artificial intelligence (AI) capabilities.

National

The Economy

John McGrath – How to find the best investment property

John McGrath Chief Executive Officer of McGrath Estate Agents shares his tips on how to find the right investment property.

National

The Economy

REIA welcome opposition housing announcement to address housing crisis

Real Estate Institute of Australia (REIA) has welcomed the suite of housing policies announced today by the Leader of the Opposition and the Shadow Minister for Housing in their pitch to Australian households. REIA President, Mr Hayden Groves said they welcomed the ‘Help to Buy’ but also the ‘Help to Supply’ announcement.

Queensland (Qld)Gold Coast

Featured Property

Northcliffe absolute beachfront Gold Coast penthouse for sale - Amir Prestige Group

This Northcliffe Residences Surfers Paradise penthouse for sale by Veronika Princeton-Hall and Amir Mian Principal of Amir Prestige Group offers a bespoke, beachside luxury lifestyle, with private rooftop terrace.

Queensland (Qld)Brisbane

Featured Property

Palatial 1-hectare Robertson estate for sale - Place

The grand mansion in Robertson QLD for sale by Patrick McKinnon and Drew Davies of Place Ascot offers security, seclusion and a refined palate.

Pages

News Roundup

https://www.smh.com.au/politics/nsw/two-offers-a-week-the-pressure-to-build-apartments-in-gladesville-20180516-p4zfm2.html

Two offers a week: the pressure to build apartments in Gladesville

If you want a sense of how intense the pressure is for apartment development in Sydney, talk to the manager of the landmark Tennis Ranch at Gladesville.

Sydney Morning Herald

https://www.canberratimes.com.au/politics/act/andrew-barr-s-terse-warning-over-botched-buy-of-public-housing-20180515-p4zfdm.html

Andrew Barr's terse warning over botched buy of public housing

It was a terse warning, written in the neat hand of Chief Minister Andrew Barr after the territory was forced to shell out millions of dollars more than it planned on houses it originally did not want.

Canberra Times

https://www.smh.com.au/business/companies/frasers-property-signs-31m-lease-for-its-eastern-creek-site-20180515-p4zfet.html

Frasers Property signs $31m lease for its Eastern Creek site

Frasers Property Australia has boosted its Eastern Creek business park with the lease of a new facility to FDM Warehousing at a purpose-built facility.

The Sydney Morning Herald

http://www.afr.com/business/banking-and-finance/new-wa-property-tax-on-foreign-residential-buyers-slammed-20180515-h103ce

New WA property tax on foreign residential buyers slammed

The near-doubling of a new tax on foreign residential property investors in Western Australia has been slammed by development and property experts who claim it will slow economic recovery.

Australian Financial Review

http://www.abc.net.au/news/2018-05-15/biggest-perth-urban-infill-developments-revealed/9762878

Plan for 5,000 new houses in Perth as Premier reveals infill project to tackle urban sprawl

Thousands of new dwellings will be created in established parts of the Perth metropolitan area as part of the WA Government's efforts to boost density and slow the city's urban sprawl.

ABC

https://www.architectureanddesign.com.au/people/clare-cousins-sworn-in-as-79th-aia-national-presid

Clare Cousins sworn in as 79th AIA national president

Victorian architect Clare Cousins was inaugurated as the 79th national president of the Australian Institute of Architects in Melbourne, taking the reins from Richard Kirk and vowing to continue to champion key Institute policies including affordable housing and sustainability.

Architecture & Design

https://www.thehotelconversation.com.au/news/2018/05/16/450m-munro-site-mixed-use-development-approved/1526426137

$450m Munro site mixed-use development approved

Minister for Planning Richard Wynne has announced planning approvals for the $450m Munro site Hotel and Apartment development that sits within Melbourne's Queen Victoria Market precinct.

The Hotel Conversation

http://www.afr.com/real-estate/cromwell-strikes-bouygues-development-deal-for-further-global-property-reach-20180514-h100vy

Cromwell strikes Bouygues development deal for further global property reach

Real estate investor and manager Cromwell Property Group has struck a €500 million ($792 million) partnership deal with Linkcity, a subsidiary of global construction company Bouygues Construction, to invest in the rollout of a portfolio of logistics and industrial property in Europe.

The Australian Financial Review