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John McGrath – What key amenities are worth

John McGrath, Chief Executive Officer of McGrath Estate Agents, looks at the common question in real estate, how much are certain amenities actually worth?

New South Wales (NSW)Sydney

The Economy

Sydney waterfront property commands the highest premium globally - Knight Frank

Knight Frank has released its 2023 Waterfront Homes report. The research found Sydney waterfront property commanded the highest price premium out of the 8 global cities analysed. Waterfront property in Sydney generates a 118% premium, down only marginally from 121% in 2022.

Victoria (Vic.)Melbourne

Featured Property

c1888. Woodend country estate with Paul Bangay gardens St Ambrose sold - Kay & Burton

7 Wood Street Woodend sold by Campbell Kilsby and Will Maxted of Kay & Burton after a 4-week campaign.

National

The Economy

Winter auction market holds steady - CoreLogic

Auction activity remains steady this week with 1,426 homes across the combined capitals scheduled for auction, down just two auctions from last week. Last year over the same period, a 3.7% week-on-week increase was recorded, as school holiday activities concluded.

National Queensland (Qld)Brisbane

People

Coronis Group Empowers Aspiring Agents with Jodi Ford's Inspiring Journey over her past 40 years in the Industry

Coronis Group, a leading real estate network, is thrilled to highlight the exceptional leadership expertise of Jodi Ford. Jodi's journey from property manager to a successful business owner showcases the unique support and mentorship that Coronis provides to aspiring property agents in the industry.

Queensland (Qld)Brisbane

Place Ascot charity auction - commission free sale

Place Ascot continues its support of Ascot State School with a charity auction for commission free sale.

National

Construction

Commencements of detached houses continue to decline into 2023 - HIA

“Australia commenced 26,265 new houses in the first quarter of 2023, down by 16.4 per cent on the same quarter last year and 39.1 per cent fewer houses commenced than during the peak in the June Quarter 2021,” stated HIA Senior Economist, Tom Devitt.

New South Wales (NSW)

Featured Property

Secluded 20-acre Southern Highlands estate for sale - Knight Frank

Wombat Hollow at 300 Kirkland Road East Kangaloon for sale by Nathan Berlyn and Andrew Blake of Knight Frank delivers a range of additional curated accommodation.

Victoria (Vic.)Melbourne Brighton

Featured Property

Finnis Architects ultra modern Brighton for sale - Buxton

Quarry House 6 Menzies Avenue Brighton for sale by Stefan Whiting and Kym Williams of Buxton Brighton offers architect designed tri-level luxury in a quiet cul-de-sac.

National

The Economy

Growth in Australian construction costs lowest since 2020 - CoreLogic

CoreLogic’s Cordell Construction Cost Index (CCCI), which tracks the cost to build a typical new home, returned a quarterly growth rate of 0.7% for the June quarter, the lowest rate since September 2020 and well below the 1.2% decade average.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2019/07/10/construction-begins-ritz-carlton-rosewood-grand-and-dorsett-hotels-part-queen%E2%80%99s

Construction begins on The Ritz-Carlton, Rosewood, Grand and Dorsett hotels as part of Queen’s Wharf Brisbane

Queen’s Wharf Brisbane will transform the CBD with four new luxury hotels (The Ritz-Carlton hotel, Rosewood hotel, Grand hotel and Dorsett hotel), more than 50 new bars and restaurants, 2,000 residential apartments and the equivalent of 12 football fields of public space when the development is complete.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2019/07/11/acquia-partnership-transforms-lonely-planet%E2%80%99s-digital-user-experience/1562821208

Acquia partnership transforms Lonely Planet’s digital user experience

Acquia’s software has allowed Lonely Planet to introduce streamlined navigation capabilities for travel discovery, inspiration, and trip planning shared in a highly personalised way.

The Business Conversation

https://www.suayphuket.com/news/2019/07/11/montazure-phuket-celebrates-grand-opening-twinpalms-montazure/1562812214

MontAzure Phuket celebrates grand opening of Twinpalms MontAzure

The new beachfront resort offers 46 suites and penthouses, plus multiple dining destinations as part of the mountain-to-ocean 72-hectare mixed-use development MontAzure Phuket

Suay Phuket

https://www.commo.com.au/properties/2019/07/10/brisbane-sets-trend-merging-buildings/1562738400

Brisbane sets the trend for merging buildings

Fender Katsalidis designed Midtown Centre in Brisbane is set to become one of Australia's biggest commercial building merge projects. The plan will see the unification of two office buildings to form a single 26-storey tower.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/10/fullerton-hotel-sydney-track-october-2019-opening/1562735640

The Fullerton Hotel Sydney on track for October 2019 opening

The Fullerton Hotel Sydney will be the city’s newest luxury heritage hotel in the heart of the CBD.

The Hotel Conversation

https://www.thebusinessconversation.com.au/blog/david-smith/business-auditor-reveals-7-most-frequent-failures-australian-organisations/sai

Business auditor reveals the 7 most frequent failures by Australian organisations

A leading global risk management provider that has audited thousands of organisations – from the ASX top 200 to SMEs – has revealed the most common reasons why organisations fail to meet the goals they set.

The Business Conversation

https://www.gapurabali.com/news/2019/07/10/bali-looks-develop-healthy-investment-environment-through-sport/1562735020

Bali looks to develop a healthy investment environment through sport

Sport Tourism offers enormous potential for Indonesia in general and Bali in particular, and it could be an opportunity to change the market mix of visitors and investors to the island.

Gapura Bali

https://www.thehotelconversation.com.au/news/2019/07/09/government-commits-45m-tourism-projects-nq/1562673380

Government commits $4.5m for tourism projects in NQ

Tourism Industry Development Minister Kate Jones has announced $4.5 million in funding for four new tourism projects aimed at attracting visitors and creating jobs.

The Hotel Conversation