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REIA Congratulates incoming Albanese Government

Real Estate Institute of Australia (REIA) has welcomed the Albanese Government on their victory and is looking forward to working with the new Cabinet to deal with housing supply and affordability.

National

The Economy

'Are you paying the ‘lender loyalty tax’? - John McGrath

John McGrath talks with Fabio DeCastro from Oxygen Home Loans, about the 'lender loyalty tax' that many borrowers don't realise they are paying.

South Australia (SA)

Featured Property

Kangaroo Island retreat ‘Little Cuttlefish’ for sale - Cullen Royle

This breathtaking Cuttlefish Bay Kangaroo Island property for sale by Deborah Cullen and Richard Royle of Cullen Royle is ideal for private use or potential for tourism and/or agriculture.

Western Australia (WA)

Featured Property

Gidgegannup WA getaway with superb equine facilities for sale - The Agency

The award winning acreage at 1056 Reen Road Gidgegannup for sale by Patrick Harper of The Agency was an overall Finalist in Perth Home of The Year 2016.

Victoria (Vic.)Melbourne

Featured Property

Half-floor 'Metropolis' apartment for sale Melbourne - Kay & Burton

The hotel-style apartment at 1501/480 St Kilda Road for sale by Peter Kudelka of Kay & Burton was designed by the global design company behind Melbourne’s Grand Hyatt Hotel.

New South Wales (NSW)Sydney

Featured Property

Designer Glebe terrace for sale with Sydney skyline views - The Agency

297 Glebe Point Road Glebe for sale by Paula Simoes of The Agency is imbued with chic features throughout.

New South Wales (NSW)

Featured Property

Elegant Bowral estate for sale - The Agency

14 Mansfield Road Bowral for sale by Ben Olofsen and Stephanie Blatch of The Agency incorporates generous accommodation, elegant sophistication and stunning gardens.

Victoria (Vic.)Melbourne

Featured Property

Historic Port Melbourne bluestone terrace sold for first time in 30 years - Kay & Burton

Technē Architecture and Interior Design's stunning renovation of 419 Bay Street Port Melbourne sold by Eleisha Doherty and Tommy McIntosh of Kay & Burton drew interest to the campaign.

Queensland (Qld)Brisbane

Featured Property

Place sells Clayfield family Queenslander for over $2m

Just six kilometres from Brisbane's CBD 6 Creswick Street Clayfield sold by Drew Davies and Carter Lagana of Place Ascot is 1 of 3 Clayfield properties the pair has sold in quick succession.

New South Wales (NSW)Sydney

People

Highland appoints top Real Estate agent Sarah Street as partner

One of Sydney’s most prestigious independent property agencies, Highland, has announced the internal appointment of Sarah Street as its newest equity partner. Sarah Street will become a co-director alongside Laura McKay, John Schwarzer, David Smith and David Highland CEO of Highland.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2018/06/21/event-hospitality-re-brand-watermark-hotel-brisbane-park-hotel-brisbane/1529555166

Event Hospitality to re-brand Watermark Hotel Brisbane to The Park Hotel Brisbane

Event Hospitality today announced it has entered into an agreement to manage The Watermark Hotel, Brisbane, which will be re-branded as of 1 July 2018 to an independent, local brand – The Park Hotel Brisbane.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2018/06/21/great-barrier-reef-resort-owners-can-apply-25m-government-infrastructure-fund

Great Barrier Reef resort owners can apply for $25m Government infrastructure fund

As of 1 August 2018, Island resort owners and operators within the Great Barrier Reef region will be able to apply for the Queensland Government’s $25 million infrastructure investment fund aimed at upgrading and rejuvenating existing or DA approved resorts.

The Hotel Conversation

https://www.retalkasia.com/properties/2018/06/21/new-zealands-largest-and-most-expensive-penthouse-pacifica/1529539007

New Zealand's "largest and most expensive" penthouse - The Pacifica

With construction set to be completed in 2020, The Pacifica is slated to be "New Zealand's tallest building" - Gavin Lloyd, CBRE New Zealand.

RETalk Asia

https://www.afr.com/business/construction/fletcher-building-ceo-sees-weaker-australian-residential-in-2019-and-2020-20180620-h11mrn

Fletcher Building CEO sees weaker Australian residential in 2019 and 2020

Fletcher Building chief executive Ross Taylor expects the broader residential construction market to shrink marginally in 2019 and 2020 because of falling demand for apartments as he unveiled ambitious plans to double profit margins from Fletcher's Australian building products operations by 2023.

The Australian Financial Review

https://www.canberratimes.com.au/politics/act/land-agency-board-concerned-about-criticism-of-rural-land-banking-20180601-p4zitm.html

Land agency board concerned about criticism of rural land banking

The board of the now-defunct Land Development Agency raised concerns with senior executives about the potential for "unfounded criticism" of the agency "land-banking" by buying up rural land across the territory last year.

Canberra Times

https://www.thebusinessconversation.com.au/news/2018/06/20/sydney-restaurant-chain-changing-lives-through-true-inclusion/1529446178

The Sydney restaurant chain changing lives through true inclusion

“Our aim is to be the most inclusive restaurant in Australia,” said Rashays Punchbowl store owner Bashar Krayem.

The Business Conversation

https://www.thehotelconversation.com.au/properties/2018/06/20/westin-perth-and-aloft-perth-hotel-sale-mark-durran-jll-hotels/1529479718

Westin Perth and Aloft Perth hotel for sale Mark Durran JLL Hotels

One of Australia’s newest 5-star hotels, The Westin Perth, and the Aloft Perth hotel & adjoining office building are being offered for sale at a time when approximately $8.5 billion worth of world-class infrastructure projects are underway in the city.

The Hotel Conversation

https://www.afr.com/real-estate/broke-real-estate-agents-quitting-purplebricks-as-market-slows-20180618-h11ikb

'Broke' real estate agents quitting Purplebricks as market slows

"Broke" real estate agents are quitting British disrupter Purplebricks in droves as the fixed-fee agency's low-margin, high-turnover business struggles to achieve enough sales amid a slowing Australian housing market.

The Australian Financial Review