The Real Estate Conversation

Contact

CPI beast being tamed - REIA

ABS data shows that the Consumer Price Index (CPI) rose 0.8% in the June quarter of 2023 and 6.0% over the twelve months.

Victoria (Vic.)Melbourne

Featured Property

Jolson design Orchard Piper Armadale apartment for sale - RT Edgar

1/35 Huntingtower Road Armadale for sale by Tim Brown and Paul Castran of RT Edgar has been designed for secure and convenient living.

People

Ray White Queensland’s High Performers Moves

In exciting news there’s some major changes at Ray White Queensland's corporate office, which is fast becoming an elite training ground for high performers.

Victoria (Vic.)Melbourne

People

Damien Spiteri to lead Hockingstuart Melton

Hockingstuart announced a new direction for its Melton office with leading sales agent Damien Spiteri taking on the role of principal for the thriving community located in Melbourne’s west.

National

The Economy

Rent values increase in more than 90% of Australian markets in the past year - CoreLogic

New suburb-level analysis of CoreLogic’s Mapping the Market interactive tool reveals more than nine in 10 house and unit markets across the country have seen an increase in rents over the 2022-23 financial year.

New South Wales (NSW)Sydney

Featured Property

Mosman harbour views opposite Parriwi Lighthouse - Ray White

52A Parriwi Road Mosman for sale by Geoff Smith and Geoff Allan of Ray White Lower North Shore offers world class views, privacy, and architectural excellence.

National

Politics

REIV responds to State Government consideration of rental caps and restrictions

Real Estate Institute of Victoria CEO, Quentin Kilian, has provided the following statement today as the Victorian Government has indicated, via a media release, that it is considering both restricting the range of a rental increase and banning a rental provider from applying a rent increase any more than once every two years.

National

The Economy

Combined clearance rate declines three weeks in a row but remains above 70% - CoreLogic

The combined capitals saw 1,729 homes taken to auction this week, returning a preliminary auction clearance rate of 70.7%.

National

The Economy

Rental crisis starts to ease

According to Nerida Conisbee, Ray White Chief Economist, after seeing the biggest jump in advertised rents ever recorded, we are finally starting to see the rate of increase start to slow.

National

The Economy

East or West? Australia’s best place to invest - CoreLogic

Research Director Tim Lawless examines the differences between Perth and Sydney when it comes to property investing, and why NSW has the highest proportion of investors despite the high buy-in entry point and low rental yields.

Pages

News Roundup

https://www.thehotelconversation.com.au/news/2019/07/23/da-approved-hotel-australia%E2%80%99s-world-famous-blue-mountains/1563857792

DA Approved Hotel for Australia’s World-Famous Blue Mountains

Blue Mountains Hotel Development Site for sale through HTL Property Asia Pacific Director Andrew Jolliffe.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2019/07/23/booming-brisbane-suburb-serves-85-million-industrial-deals/1563840407

'Booming' Brisbane suburb serves up $8.5 million in industrial deals

Ray White Industrial Milton has taken advantage of the growing Wynnum precinct by sealing five separate deals in the last year, totalling more than $8.5 million combined.

The Industrialist

https://www.commo.com.au/news/2019/07/23/jll-appointed-manage-sydney-trains-property-footprint-nsw/1563850988

JLL appointed to manage Sydney Trains property footprint in NSW

Global property services firm, JLL has been appointed as the Property Manager for the Sydney Trains portfolio.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/22/museum-and-art-gallery-northern-territory-announces-mantra-official-accommodation

Museum and Art Gallery Northern Territory announces Mantra as Official Accommodation Partner

The Museum and Art Gallery of the Northern Territory (MAGNT) is proud to announce Mantra Hotels, now part of Accor, as their Official Accommodation Partner.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/07/22/continued-confidence-whitsunday-coast-shown-through-43-million-retail-expansion

'Continued confidence' in Whitsunday coast shown through $4.3 million retail expansion

The Pavillion Arcade at Airlie Beach is in the midst of a $4.3 million expansion, just over two years after Cyclone Debbie hit the region.

The Asean Developer

https://www.commo.com.au/2019/07/22/wework-signs-new-location-sydney/1563756637

WeWork signs new location in Sydney

WeWork is set to further expand its Sydney presence after securing approx. 11,000sqm of space at 320 Pitt Street in a 12-year leasing deal negotiated by the exclusive agents, JLL and Knight Frank.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/17/publicans-should-tap-depreciation-deductions/1563332459

Publicans should tap into depreciation deductions

"When arranging a depreciation schedule for a pub, a specialist quantity surveyor will perform a site inspection to uncover all available deductions," BMT Tax Depreciation

The Hotel Conversation

https://www.commo.com.au/news/2019/07/16/wa-rebound-according-ray-white-report/1563256975

WA on the rebound, according to Ray White report

While there is still some way to go in the recovery of the Perth office market, many opportunistic investors including private funds will look to capitalise on competitive investment yields, particularly given the historically low-interest rate environment.

COMMO