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The Economy

Weaker selling conditions reflected in auction clearance rates - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Victoria (Vic.)Melbourne

The Economy

John McGrath – Weakness in Melbourne provides rare opportunity

Melbourne is one of the markets that has shifted into low gear, as changes to land tax and better housing supply has kept prices relatively flat says John McGrath, Chief Executive Officer of McGrath Estate Agents.

National New South Wales (NSW)Queensland (Qld)South Australia (SA)Victoria (Vic.)Western Australia (WA)

People

Ray White records record-breaking sales - $128 billion

Ray White Group has recorded an unprecedented year of property sales across Australia and New Zealand, with a whopping $128 billion worth of property changing hands in 2024.

Tasmania (Tas.)Hobart Victoria (Vic.)Melbourne Brighton Collingwood Fitzroy

People

Vanessa Jeans returns as Head of People for Ray White Victoria and Tasmania

Ray White Victoria & Tasmania CEO Domenic Belfiore announces the return of Vanessa Jeans as Head of People for Ray White Victoria and Tasmania.

National

The Economy

Ray White Property outlook report for 2025

As we head into 2025, Nerida Conisbee and Atom Go Tian The Ray White economics team have identified their top predictions for 2025 across Australia's residential property market.

Queensland (Qld)Brisbane

People

Coronis Burpengary Thrives in First Year of Business

Coronis Burpengary has become the most recent success story of the Coronis Partnership Franchises, celebrating an outstanding first year of results led by Agency Director Jason Watson.

Victoria (Vic.)Melbourne

Construction

BTR leasing success at Union Quarter - Infolio Property Advisors

One of Melbourne’s first completed build-to-rent projects Union Quarter has smashed leasing predictions, demonstrating how the segment can fulfill surging demand for one-bedroom apartments.

National Northern Territory (NT)Darwin Tasmania (Tas.)Hobart

The Economy

Housing Affordability Hits Historical Low - REIA

REIA President, Ms Leanne Pilkington said that despite a modest improvement in Tasmania and the Northern Territory, declines were observed across all other states and territories.

Queensland (Qld)

Featured Property

Showpiece oceanview Mission Beach for sale - Sotheby’s

4 Explorers Drive Mission Beach for sale by Barbara Wolveridge and Amanda Haines of Queensland Sotheby's International Realty offers pristine views over the Coral Sea to Dunk Island.

Victoria (Vic.)Melbourne

Featured Property

c.1886 Bronte Homestead Burwood for sale - RT Edgar

5-7 Bronte Avenue Burwood for sale by Michael Martin and Juliette Zhou of RT Edgar Bayside is set on almost 2000sqm and bordered by grapevines and kitchen gardens.

Pages

News Roundup

https://www.thebusinessconversation.com.au/news/2020/10/20/%E2%80%9Cexcellent-news%E2%80%9D-australian-business-growth-fund-launches/1603139902

“Excellent news”: Australian Business Growth Fund launches

“The Australian Business Growth Fund will play a significant role in encouraging business growth and economic recovery at a time when we need it most,” said Ombudsman Kate Carnell.

The Business Conversation

https://www.theindustrialist.com.au/news/2020/10/12/industrial-unit-sale-north-east-nsw-real-specialists-commercial/1602476751

Industrial unit for sale in north-east NSW - REAL Specialists Commercial

A new and tenanted unit at 5/173 Lundberg Drive, South Murwillumbah is for sale through Assi Dadon of REAL Specialists Commercial.

The Industrialist

https://www.theaseandeveloper.com/2020/10/19/child-care-development-sites-attract-attention-melbourne-savills/1603098442

Child care development sites attract attention in Melbourne - Savills

Child care development sites continue to attract strong attention from a range of active buyers in Melbourne, with a 3,016sqm Greenvale development site sold for $2.2 million to a developer who beat out a number of interested parties during the short on-market campaign Sold through Julian Heatherich, Mark Stafford, Benson Zhou of Savills Australia.

The ASEAN Developer

https://www.retalkasia.com/2020/10/18/paul-fisher-takes-over-real-estate-firm%E2%80%99s-vietnam-country-head/1603025694

Paul Fisher takes over as real estate firm’s Vietnam country head

Global real estate consultancy JLL has appointed Paul Fisher as the new country head of Vietnam.

Retalk Asia

https://www.thehotelconversation.com.au/2020/10/18/australia%E2%80%99s-pubs-thirsty-business-cbre/1602986418

Australia’s pubs thirsty for business - CBRE

Gaming performance has underpinned hospitality recovery in Queensland and New South Wales pubs, a new CBRE Market Snapshot has revealed.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2020/10/16/smes-urged-not-overlook-domain-names-new-research/1602817168

SMEs urged not to overlook domain names: new research

70% of respondents to a survey from auDA said supporting Australian business is important when online shopping. A com.au domain name says your business is local.

The Business Conversation

https://www.commo.com.au/2020/10/18/victorian-commercial-real-estate-re-opening-inspections-and-auctions-welcomed-reiv

Victorian Commercial Real Estate re-opening for inspections and Auctions welcomed by REIV

The Real Estate Institute of Victoria welcomes the announcement today by the Premier of Victoria, Hon. Daniel Andrews, MP that private inspections for purchase or leasing of commercial properties, can also recommence from 11:59 pm Sunday 18 October 2020.

Commo.

https://www.thehotelconversation.com.au/news/2020/10/14/sydneys-capitol-square-hotel-sold-26-million-colliers-international/1602662010

Sydney's Capitol Square Hotel sold for $26 million - Colliers International

The Capitol Square Hotel in Sydney has sold for $26 million in a deal negotiated through Gus Moors, Karen Wales, Steam Leung and Joseph Lin of Colliers International.

The Hotel Conversation