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John McGrath – The properties that investors shouldn’t buy

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, when purchasing a property there’s a broader rule than just ‘location, location, location’.

Victoria (Vic.)Melbourne

Featured Property

Modern Kew entertainer sold - RT Edgar

1 Monterey Close Kew sold by Michael Ebeling and Sarah Case of RT Edgar amid very strong interest from international buyers.

Victoria (Vic.)Melbourne

Featured Property

Incredible Heatherton acreage for sale - Whitefox

48 Pietro Road Heatherton for sale by Lana Samuels of WHITEFOX is like a French country château near the Bayside.

New South Wales (NSW)

Featured Property

Architect designed Bowral estate for sale on 5.75 acres - Drew Lindsay Real Estate

110 Oxleys Hill Road Bowral for sale by Corina Nesci of Drew Lindsay Real Estate boasts two stunning residences plus a large freestanding one-bedroom studio that has been a popular Airbnb.

Victoria (Vic.)

Featured Property

9.4 acres designer Merricks property for sale - Whitefox

3530 Frankston Flinders Road Merricks for sale by Marty Fox and James Hallahan of WHITEFOX, Expressions Of Interest close Friday 22 July.

New South Wales (NSW)Sydney

Featured Property

On two titles Bayview acreage for sale - Sydney Country Living & Christie's International

5 & 5A Gilwinga Drive Bayview for sale by Shayne Hutton of Sydney Country Living and Darren Curtis of Christie's International.

New South Wales (NSW)Sydney

Featured Property

Gordon Art Deco home for sale - The Agency

14 Matong Street Gordon for sale by Jason Roach of The Agency is on the market for the first time in decades.

Victoria (Vic.)Melbourne

Featured Property

Inner Melbourne apartment Anaca Tower for sale - Kay & Burton

1503/605 St Kilda Road Melbourne for sale by Peter Kudelka and Ella Sansom of Kay & Burton delivers views along St Kilda Road and Albert Park Lake to Port Phillip Bay.

National

The Economy

Doubling of foreign investor fees is the wrong message to send to the world

The Property Council of Australia said the Federal government’s decision to increase foreign investor application fees will discourage investment and hurt our economic recovery.

Queensland (Qld)Brisbane

Featured Property

1,699sqm corner block Camp Hill Queenslander for sale - Place

23-27 Combles Road Camp Hill for sale by Sarah Hackett of Place New Farm boasts a tennis court, in-ground swimming pool, and stunning Brisbane city views.

Pages

News Roundup

https://www.retalkasia.com/news/2018/08/13/philippines-reach-1-million-sqm-manila-office-take/1534117795

Philippines to reach 1 million sqm in Manila office take-up

Colliers International Philippines reveal in their Quarterly Manila Office Q2 2018 report, that the city's office take-up is set to reach a record high of 1 million square metres within by 2018-end.

Retalk Asia

https://www.thehotelconversation.com.au/news/2018/08/10/450m-melbourne-northbank-seafarers-place-hotel-and-mixed-use-redevelopment

$450m Melbourne Northbank Seafarers Place hotel and mixed-use redevelopment officially approved

Property developer Riverlee has received development approval for its $450 million redevelopment of the Northbank Goods Shed and surrounding land, that is set to revitalise the disused industrial waterfront site with a 5-star luxury hotel and mixed-use precinct.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/08/10/report-finds-businesses-face-rising-staff-turnover-rates/1533853822

Report finds businesses face rising staff turnover rates

Millennials in particular are testing the job market more often than older workers.

The Business Conversation

https://www.thehotelconversation.com.au/news/2018/08/10/45m-veriu-green-square-sydney-hotel-development-begins-construction/1533854319

$45m Veriu Green Square Sydney hotel development begins construction

The $45 million Veriu Green Square hotel development, a joint venture between Veriu Hotels & Suites and Folkestone, commenced construction this week which is set to bring a further 144 rooms to Sydney’s thriving hotel market when it opens late 2019.

The Hotel Conversation

https://www.retalkasia.com/news/2018/08/10/phuket-thailands-most-popular-island-destination/1533855354

Phuket: Thailand's most popular island destination

With 8.4 million visitors in 2017 alone, Phuket is currently Thailand's most popular island destination. CBRE reveals that the 2017 figures set a new record for the fourth year in a row.

RE Talk Asia

https://www.thehotelconversation.com.au/properties/2018/08/09/atura-edmondson-park-hotel-sale-sydney-western-suburbs-wayne-bunz-rob-cross

Atura Edmondson Park Hotel for sale in Sydney Western Suburbs Wayne Bunz Rob Cross CBRE Hotels

The four star, 167-room Atura Edmondson Park Hotel in Sydney’s rapidly growing south-west is for sale - the centrepiece of Frasers Property Australia’s Ed.Square Town Centre which is anticipated for completion in the third quarter of 2020.

The Hotel Conversation

https://www.retalkasia.com/news/2018/08/10/genghis-khan-gucci-retail-potential-mongolia/1533855034

Genghis Khan to Gucci: retail potential in Mongolia

With rapid economic growth off the back of its mineral wealth, APIP reveals why Ulaanbaatar is attracting real estate investors and high-end brands to its retail sector.

RE Talk Asia

https://www.thehotelconversation.com.au/profiles/2018/08/08/get-know-abid-butt-ceo-asia-pacific-middle-east-and-africa-dream-hotel-group

Get to know Abid Butt, CEO Asia Pacific, Middle East and Africa, Dream Hotel Group

Leading Dream Hotel Group's growth in Asia Pacific, Abid Butt exclusively talks to The Hotel Conversation and gives his insights into just how attractive the Asia Pacific hotel market is for the group - "The region's tourism outlook continues to be very positive and new destinations are being sought after by travelers."

The Hotel Conversation