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House prices and rents to grow further in 2023: REIWA market forecast update

WA’s house prices will achieve moderate price growth over 2023, with the median potentially reaching $580,000 by the end of the year, according to REIWA’s 2023 property market quarterly update.

National

The Economy

The cheapest rents within 20km of city centres - CoreLogic

Eliza Owen, Head of Research Australia, analyses rental markets in major capitals, identifying the cheapest rents to be found within 20km of city centres in Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Canberra and Darwin.

National

The Economy

Can you get a cheap home anywhere? - Ray White

According to Nerida Conisbee, Ray White Group Chief Economist, with our cheapest capital cities, Adelaide and Perth, now recording the strongest growth in prices over the past 12 months, is there anywhere you can still find a cheap home?

National

The Economy

John McGrath – Finding your forever home

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we are finally starting to see the costs of building a home ease, which is great news for Australians wanting to build their ‘forever home’.

Queensland (Qld)Brisbane

Featured Property

c1888 landmark Highgate Hill Kinauld for sale - Place

116 Dornoch Terrace Highgate Hill for sale by Sarah Hackett and Matthew Foote of Place New Farm has been extensively modernised for an array of family dynamics.

Tasmania (Tas.)Hobart

People

Standing behind her own brand: How one podcast sparked Katrina Arkley into action.

Arkley & Co is proud to announce the launch of their own real estate agency in Hobart, Tasmania.

People

Coronis Group Expands its Footprint with the Launch of a New Office Led by Jason Watson

Coronis Group announces the grand opening of its newest office in Burpengary led by Jason Watson.

New South Wales (NSW)Sydney

Featured Property

1,650sqm Coogee oceanfront for sale with two homes - Ray White and PPD Real Estate

1A Seaside Parade & 53 Cuzco Street South Coogee for sale by Ashley Bierman, Jordan L`Estrange of Ray White Double Bay and Alexander Phillips of PPD Real Estate delivers a trophy coastal estate with intergenerational living and 270-degree views.

Queensland (Qld)Brisbane

Featured Property

Panoramic Brisbane Views from 10-acre mountain top Upper Brookfield for sale - SpinksCo

Lot 8/658 Upper Brookfield Road Upper Brookfield for sale by Rachael Spinks of SpinksCo Residential reflects the elegant sophistication of European architecture for contemporary family living and entertaining.

Victoria (Vic.)Melbourne

Featured Property

Entire top floor Melbourne penthouse for sale - The Agency

The Element Penthouse 18 McCombie Street Elsternwick for sale by Michael Paproth of The Agency offers a spectacular 360 degree panorama that is among Melbourne's finest views.

Pages

News Roundup

https://www.thebusinessconversation.com.au/2019/10/14/barramundi-farm-set-represent-northern-territory-national-stage/1571020269

Barramundi farm set to represent the Northern Territory on national stage

Commended for their environmental leadership, Humpty Doo Barramundi has been working to cultivate a sustainable food chain and re-establish a functional wetland since 1993.

The Business Conversation

https://www.thehotelconversation.com.au/2019/10/14/growth-working-holiday-maker-whm-visa-holders-benefitting-regional-accommodation

Growth of Working Holiday Maker (WHM) visa holders benefitting regional accommodation providers

Tourism Accommodation Australia (TAA) has reported that accommodation providers and tourism businesses in regional Australia were benefitting from a 20 per cent annual increase in the number of Working Holiday Maker (WHM) visa holders obtaining a second year visa.

The Hotel Conversation

https://www.commo.com.au/news/2019/10/11/brisbane-office-asset-sold-ray-white-commercial-11-million/1570754787

Brisbane office asset sold by Ray White Commercial for $11 million

Australian Unity Property Income Fund snaps up four-level building in affluent Newstead.

Commo.

https://www.theaseandeveloper.com/news/2019/10/11/key-development-site-gateway-caloundra%E2%80%99s-cbd-listed-sale/1570759031

Key development site at the gateway to Caloundra’s CBD listed for sale

Multiple properties on Bulcock Street to be sold by CBRE.

The ASEAN Developer

https://www.theindustrialist.com.au/news/2019/10/10/rare-lane-cove-corn-mill-be-sold-cushman-wakefield/1570668190

Rare Lane Cove corn mill to be sold by Cushman & Wakefield

Sydney property likely to generate strong interest due to residential, business or mixed-use prospects.

The Industrialist

https://www.theaseandeveloper.com/news/2019/10/09/da-approved-fairlight-residential-site-sold-585-million-within-48-hours-vip-listing

DA approved Fairlight residential site sold for $5.85 million within 48 hours of VIP listing

Rapid sale shows strength of residential development market, says CBRE

The ASEAN Developer

https://www.thehotelconversation.com.au/properties/2019/10/10/box-hill-motel-sold-nearly-2-million-over-expectations/1570679527

Box Hill Motel sold for nearly $2 million over expectations

"The sale of Melbourne's Box Hill Motel achieved a yield of 2.95%, as well as a land rate of $1,472 per square metre," says Savills agents Nick Peden, Jesse Radisich and Benson Zhou.

The Hotel Conversation

https://www.commo.com.au/news/2019/10/10/fortitude-valley-office-tower-expected-sell-more-90-million/1570672755

Fortitude Valley office tower expected to sell for more than $90 million

Located just one kilometre from Brisbane’s CBD, 757 Ann Street expected to generate interest from both domestic and offshore investors.

Commo.