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2023/24 Federal Budget Wishlist

With the Federal Budget coming up, LJ Hooker head of research Mathew Tiller shares his real estate wishlist. The Federal government will need to focus on supply. The real estate market in Australia needs more of three things, says Tiller.

National

People

Revolutionary proptech Bricks + Agent acquires Inspection Manager

Rafael Niesten, Co-founder of Bricks + Agent, commented; “Both platforms are a natural fit for one another and share the ambition to deliver smoother maintenance, inspections and invoice-related transactions for all stakeholders. Our growth aspirations are aligned.

Queensland (Qld)Brisbane

Featured Property

Pier by Mirvac Riverfront Newstead penthouse for sale - Place

250/1 Newstead Terrace Newstead for sale by Sarah Hackett of Place New Farm in conjunction with Matt Lancashire of Ray White New Farm features a private pool and 52m river frontage.

National

The Economy

Rent freeze will not fix the rent crisis - REIA

REIA President, Mr Hayden Groves, has implored the Federal Government ahead of Budget 2023 to keep their eye on the prize of helping renters, and avoid knee-jerk policy reactions like rental freezes and rent controls.

National

Construction

Building loans remain at 15 year low - HIA

“Lending for the purchase or construction of a new home remains at its lowest level in 15 years,” stated HIA’s Chief Economist, Tim Reardon.

Victoria (Vic.)Melbourne Brighton

Featured Property

Palm Springs inspired Brighton golden triangle for sale - Marshall White

29 New Street Brighton for sale by Andy Nasr and Simon Monnier-Penny of Marshall White features interiors by 2023 Architectural Digest 100 firm, Flack Studio.

New South Wales (NSW)Sydney

Featured Property

Trophy Manly beach house with coastal ocean views - Belle

77 Bower Street Manly for sale by Anthony Calacoci and Luke Burgess of Belle Property showcases postcard-perfect northerly panoramas from Manly Beach to the northern coastline.

New South Wales (NSW)Sydney

Featured Property

European style country manor house Mount Vernon for sale - The Agency

195-201 Capitol Hill Drive Mount Vernon for sale by Eva Freketic and Ben Marovic of The Agency is located in Capitol Hill Estate on 9361sqm.

Western Australia (WA)Perth

Featured Property

Riverside Perth penthouse for sale - William Porteous Properties

5/11 Brown Street for sale by Peter Robertson of William Porteous Properties. Mardelup Building penthouse for sale with a price guide of $22 million.

Victoria (Vic.)Melbourne

Featured Property

10-bedroom 1942 Georgian Revival Toorak estate for sale - Marshall White

35-39 Albany Road Toorak for sale by Marcus Chiminello and Nicole French of Marshall White on 3,616sqm is one of Toorak’s most significant estates.

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News Roundup

https://www.thehotelconversation.com.au/news/2019/04/12/grand-hotel-cairns-sold-pelathon-85m/1555024832

Grand Hotel in Cairns sold to Pelathon for $8.5m

Pelathon Management has acquired the Grand Hotel in Cairns and two adjoining sites for $8.5 million, in a deal negotiated by CBRE Hotels Director Paul Fraser and CBRE Cairns Managing Director Danny Betros.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/04/10/leanne-harwood-joins-board-accommodation-association-australia/1554892112

Leanne Harwood joins the board of Accommodation Association of Australia

The Accommodation Association of Australia (AAoA) has announced a bolstering of its leadership ranks with the addition of Ms Leanne Harwood, Managing Director, Australasia & Japan InterContinental Hotels Group.

The Hotel Conversation

https://www.commo.com.au/news/2019/04/10/investor-demand-victorian-retail-assets-remains-strong-despite-muted-activity

Investor demand for Victorian retail assets remains strong despite 'muted' activity - Savills Australia

Savills Australia has released its Q1 2019 National Retail Quarter Time report, highlighting the vastly different outcomes across states and sub-sectors.

COMMO

https://www.retalkmena.com/news/2019/04/11/aldar-properties-prepare-lea-sales-launch/1554939164

Aldar Properties prepare for Lea sales launch

Aldar Properties PJSC (‘Aldar’) has announced the launch of its latest waterfront development, Lea.

RETALK MENA

https://www.thehotelconversation.com.au/properties/2019/04/10/american-river-resort-kangaroo-island-luxury-hotel-development-sale/1554889387

American River Resort Kangaroo Island luxury hotel development for sale

Colliers International have been appointed as the exclusive selling agents for the American River Resort, a new offering on Kangaroo Island in South Australia.

The Hotel Conversation

https://www.commo.com.au/news/2019/04/10/soccer-sales-griffiths-journey-one-pitch-another/1554846625

From soccer to sales: Griffiths' journey from one pitch to another

Former Perth Glory defender Brent Griffiths has found a home away from the pitch in commercial real estate.

COMMO

https://www.mingalarrealestateconversation.com/news/2019/04/09/condominium-law-revive-buyer-interest/1554773443

Condominium Law to 'revive' buyer interest?

Units which fall under Myanmar's Condominium Law are expected to hit the market in the coming months says Colliers International.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/04/09/hilton-partners-ml-hospitality-expand-presence-australia-signing-hilton-melbourne

Hilton partners with M&L Hospitality to expand presence in Australia with signing of Hilton Melbourne Little Queen Street

Hilton today announced the signing of Hilton Melbourne Little Queen Street, adding to Hilton Hotels & Resorts’ portfolio of 106 world class properties in the Asia Pacific region. Under a management agreement with M&L Hospitality, Hilton will manage the 244-room new-build hotel.

The Hotel Conversation