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John McGrath – Regional values still rising but at a slower pace

Affordability challenges in coastal and country towns where home values have grown significantly in recent years are one factor slowing price growth today says John McGrath, McGrath Estate Agents CEO.

Queensland (Qld)Sunshine Coast

People

Coronis Continues Expansion, opens Coronis Pelican Waters

Coronis Group CEO Karuna Mazzocchi has proudly announced the opening of their newest partnership franchise, Coronis Pelican Waters, under the leadership of Louis & Kathy d’Espangac.

National

The Economy

Housing Affordability Plummets to its lowest point in almost Three decades - REIA

REIA President, Leanne Pilkington said the analysis from REIA’s latest Housing Affordability Report shows the average loan repayment now amounts to 48.1% of the median family income, 1.3 percentage points more than last quarter.

National

The Economy

The end of the rental boom is in sight - CoreLogic

By Tim Lawless, Research Director, CoreLogic Australia.

Victoria (Vic.)Melbourne

Featured Property

c1890s Malvern Victorian for sale - Marshall White

10 Sorrett Avenue Malvern for sale by Marcus Chiminello, Rae Tomlinson, and James Tomlinson of Marshall White creates an unforgettable backdrop to relaxed family living and lavish entertaining.

New South Wales (NSW)Sydney

Featured Property

Gerroa Headland South Coast luxury for sale - Belle

164 Stafford Street Gerroa for sale by Jane Zwar of Belle Property Berry offers privacy and stunning panoramic views of the South Coast.

Queensland (Qld)Brisbane

Featured Property

LARC Hamilton Hill sold for $12.3m by Place in 14 days

7 Prospect Terrace Hamilton sold by Heath Williams of Place New Farm was designed by Joe Adsett to take in panoramic views of the city and river.

New South Wales (NSW)Sydney

Featured Property

c1885 Kailoa McMahons Point auction - DiJones

44 Union Street McMahons Point for sale by Tim Fraser, Nigel Mukhi, and Oscar Hedensjoe of DiJones is on the market for the first time in almost 25 years.

Queensland (Qld)Brisbane

Featured Property

Gill House Norman Park riverfront for sale - Place

52 Wendell Street Norman Park for sale by Sarah Hackett and Lauren Marmotta of Place New Farm is both exquisite in its style and wonderfully liveable.

National

The Economy

Slight dip in auction volumes over first week of spring - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia.

Pages

News Roundup

https://www.thebusinessconversation.com.au/news/2020/08/10/doordash-partners-fareshare-help-feed-unemployed-hospitality-workers/1597015083

DoorDash partners with FareShare to help feed unemployed hospitality workers

Getting food delivered can help feed Melbourne’s hospitality workers in need.

The Business Conversation

https://www.theaseandeveloper.com/news/2020/08/06/work-begins-landmark-55-storey-mixed-use-tower-greater-sydney/1596692039

Work begins on 'landmark' 55-storey mixed use tower in Greater Sydney

Coronation Property’s 8 Phillip Street project in Parramatta is officially underway following a sod-turning ceremony attended by dignitaries and project stakeholders last month.

The ASEAN Developer

https://www.theindustrialist.com.au/news/2020/08/10/ozito-industries-takes-first-tenancy-frasers-property-industrial%E2%80%99s-dandenong-south

Ozito Industries takes the first tenancy in Frasers Property Industrial’s Dandenong South development

Frasers Property Industrial has secured power tools and garden products company Ozito Industries Pty Ltd (Ozito) as the company’s first tenant in the Rubix Connect industrial estate in a deal negotiated by CBRE Senior Directors David Aiello and Stephen Adgemis.

The Industrialist

https://www.thehotelconversation.com.au/news/2020/08/11/moreton-islands-tangalooma-island-resort-recognised-annual-tripadvisor-awards

Moreton Island's Tangalooma Island Resort recognised at annual Tripadvisor awards

Tangalooma Island Resort off the coast of south-east Queensland has been named as one of the Top 3 Family Hotels in Australia and one of the Top 10 Family Hotels in the South Pacific region at Tripadvisor’s 2020 Travellers’ Choice Best of Best Awards.

The Hotel Conversation

https://www.commo.com.au/news/2020/08/10/carramar-village-sold-335-million-set-new-perth-benchmark/1597021951

Carramar Village sold for $33.5 million to set new Perth benchmark

CBRE’s Anthony Del Borrello and Richard Cash have overseen the largest shopping centre sale in Perth for 2020, with Carramar Village in the city’s northern suburbs changing hands for $33.5 million.

Commo.

https://www.thebusinessconversation.com.au/news/2020/08/10/doordash-partners-fareshare-help-feed-unemployed-hospitality-workers/1597015083

DoorDash partners with FareShare to help feed unemployed hospitality workers

Getting food delivered can help feed Melbourne’s hospitality workers in need.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/08/10/accor-donates-404000-australian-bushfire-relief-effort/1597036725

Accor donates $404,000 to Australian bushfire relief effort

Accor has announced it has raised $404,000 through its Accor Bushfire Disaster Relief Appeal, which was set up to help bushfire-affected people and communities across Australia.

The Hotel Conversation

https://www.commo.com.au/news/2020/08/06/cbre-retail-data-highlights-resilience-supermarkets/1596699467

CBRE retail data highlights resilience of supermarkets

Supermarkets, and centres anchored by supermarkets, have been revealed as the best performing retailers throughout the last quarter in a new report by CBRE.

Commo.