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Combined capitals auction activity set to exceed 3,000 mark for second time this year

Capital city auction activity is set to exceed the 3,000 mark for just the second time this year, with 3,133 homes currently scheduled to go under the hammer across the combined capitals.

Western Australia (WA)Perth

Politics

CPD halved and self-funded from 2026: Government releases recommendations - REIWA

The annual CPD requirement for the real estate industry would be halved to five points from 2026, as part of a new self-funded model announced by the State Government.

Queensland (Qld)

Politics

Body corporate reforms strike the right balance, says REIQ

The Real Estate Institute of Queensland (REIQ) is commending changes to a number of contentious body corporate matters that were previously placed in the “too hard basket”, and have now been bought into line with modern community expectations.

Victoria (Vic.)Melbourne

Featured Property

YarraBend Alphington rooftop sub-penthouse for sale - The Agency

307/37 Mills Boulevard Alphington for sale by Malinda Martin of The Agency has been fully customised as an entertainers’ dream within sought-after riverside environs.

New South Wales (NSW)Sydney

The Economy

Sydney has the highest luxury residential rental growth out of 10 global cities measured by Knight Frank

Sydney has the highest luxury residential rental growth out of 10 global cities measured by Knight Frank, according to the latest research from Knight Frank.

New South Wales (NSW)Sydney

Featured Property

Architecturally redesigned Palm Beach for sale with northerly views - LJ Hooker

95 Pacific Road Palm Beach for sale by BJ Edwards and David Edwards of LJ Hooker Palm Beach offers one the most exclusive settings in Palm Beach.

New South Wales (NSW)Sydney

Featured Property

22.5-acre Mount White Ashland for auction - Sotheby’s

151 Ashbrookes Road Mount White for sale by Annette Pinkerton, David Medina and James McCowan of Byron Bay Sotheby’s International Realty features a separate cottage offering the potential for two rental incomes.

Western Australia (WA)Perth

The Economy

Perth’s vacancy rate remains stable - REIWA

Perth’s vacancy rate held steady at 0.7 per cent in October, according to REIWA data.

Queensland (Qld)Brisbane

People

No greater satisfaction than working for yourself: One of Tarragindi’s best launches with UrbanX

Burrell Property Group has launched, making top performing Tarragindi agent, Jonah Burrell’s mission of running his own business a reality, made possible through his partnership with UrbanX.

National Victoria (Vic.)Melbourne

The Economy

Melbourne-led recovery sees auction volumes across combined capitals rebound 32.5% - CoreLogic

After hosting a quieter auction market the week prior (2,023), a Melbourne-led recovery saw the number of auctions across the combined capitals rebound 32.5% last week.

Pages

News Roundup

https://www.commo.com.au/news/2019/11/29/mulgrave-office-buildings-sold-centuria-278-million/1574995976

Mulgrave office buildings sold to Centuria for $27.8 million

Centuria’s Diversified Property Fund has announced the acquisition of A-grade office buildings at Compark Circuit in Mulgrave, Victoria in a deal brokered by agents Tom Ryan and Tim Grant Knight Frank and Andrew Dawkins and Chris Jones Dawkins Occhiuto.

Commo.

https://www.thebusinessconversation.com.au/2019/11/29/six-years-test-batches-international-producer-year-aussie-gin-distillery-four-pillars

Six years from test batches to International Producer of the Year for Aussie gin distillery Four Pillars

Established in 2013, earlier this year the Yarra Valley company also became the first ever local distillery to be awarded Australia’s Liquor Brand of the Year.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/11/28/queensland-government-launch-500000-european-tourism-blitz/1574910874

Queensland Government launch $500,000 European tourism blitz

The Queensland Government has launched a tourism marketing blitz in Europe, promoting the state as the perfect destination to escape the Northern Hemisphere winter.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/11/28/queensland-government-launch-500000-european-tourism-blitz/1574910874

Queensland Government launch $500,000 European tourism blitz

The Queensland Government has launched a tourism marketing blitz in Europe, promoting the state as the perfect destination to escape the Northern Hemisphere winter.

The Hotel Conversation

https://www.thebusinessconversation.com.au/property/1397-hellawell-road-sunnybank-hills-4109/popular-sunnybank-hills-indian-restaurant-market

Popular Sunnybank Hills Indian Restaurant on the market

Located in the shopping centre of a built up residential area, this Sunnybank Hills restaurant is for sale by Irene Ng of Yong Real Estate Corporate Sunnybank Hills.

The Business Conversation

https://www.retalkasia.com/news/2019/11/28/hk42-billion-sale-hong-kong-land-breaks-record/1574916053

HK$42 billion sale of Hong Kong land breaks record

A new record was set with the sale of land in Kowloon that fetched around US$5 billion through Knight Frank.

Retalk Asia

https://www.thehotelconversation.com.au/news/2019/11/27/radisson-red-make-australian-debut-west-perth-hotel/1574821872

Radisson RED to make Australian debut with West Perth hotel

Radisson Hotel Group is set to introduce its contemporary and creative Radisson RED brand to Australia for the first time, following the signing of Radisson RED West Perth.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2019/11/27/%E2%80%9Cperk-fatigue%E2%80%9D-sees-workplace-connection-prioritised-over-extras-report/1574829981

“Perk fatigue” sees workplace connection prioritised over extras: Report

Although perks are increasingly used by companies to attract and keep team members, Talent's global tech report suggests businesses should look at making work more meaningful to keep employees happy.

The Business Conversation