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Craig Pontey and Michael Finger join McGrath as the company targets Sydney’s harbourside

John McGrath, Managing Director and CEO of McGrath said: “Craig and Michael are among the very best real estate leaders in the country, so I’m absolutely delighted that they are joining our team. When it comes to real estate experts in Sydney’s Eastern Suburbs harbourside markets, I believe they’re a team with few peers. Craig Pontey and Michael Finger will spearhead the company’s growth and expansion in Sydney’s harbourside.

People

UrbanX’s reputation as a market leader leads to another brand launch: Introducing Pery Morrin Property

With the help of UrbanX, elite agents Steve Pery and Toby Morrin have launched Pery Morrin Property to bring a people-focused approach to property transactions on the Sunshine Coast.

National

The Economy

Loan commitments plummet for fourth month in a row - REIA

The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest lending figures released by the Australian Bureau of Statistics (ABS) show the total value of new loan commitments for housing fell yet again recording a decrease of 8.2 per cent in September 2022.

Victoria (Vic.)

Featured Property

Brand new Nicholas Murray designed Sorrento home for sale - RT Edgar

28 Canterbury Street Sorrento for sale by Clayton Smith, Mark Purves and Alex Dimsey of RT Edgar Mornington Peninsula is an idyllic coastal retreat.

Queensland (Qld)

People

Luke Need partners with UrbanX to take over the Townsville market

Need Property, founded by respected local Townsville agent Luke Need, has officially entered the market with streamlined, premium service and client support, with UrbanX as the perfect partner to support his business.

National

The Economy

Cup day rate rise: Punts on for the beginning of the end - REIA

Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said REIA believes the latest interest rate rise to 2.85% should signal the end of further hikes, at least in the near future.

National

The Economy

Mortgage rates close to the upper end of APRA’s mortgage serviceability buffer

Citing ongoing concerns about inflationary conditions, and the potential for tight labour markets to fuel further domestic inflation, the RBA continued along its less aggressive path of rate hikes in November, lifting the cash rate a further 25 basis points to 2.85%.

National

The Economy

Six months of falls for Australia’s residential property market - CoreLogic

The geographic scope of Australia’s housing downturn broadened through October with every capital city and rest-of-state region (apart from regional South Australia) recording a drop in housing values last month.

New South Wales (NSW)Sydney

Featured Property

Marrickville dual residence on over 1000sqm for sale - BresicWhitney

18 Harney Street Marrickville for sale by Rhonda Yim and Shannan Whitney of BresicWhitney offers a modern entertainer with a second private retreat.

Western Australia (WA)Perth

The Economy

Perth home values show resilience in October - REIWA

REIWA CEO Cath Hart said the Perth property market continues to be resilient compared to other states and credits the strong Western Australian economy, resources sector and housing affordability.

Pages

News Roundup

https://www.retalkasia.com/news/2018/11/08/colliers-international-singapore-spearheads-work-strategy-relocation-asia-square

Colliers International Singapore spearheads work strategy with relocation to Asia Square Tower 2 in new downtown core

"The relocation of the corporate office to the new downtown core is in line with a strategic plan to expand Colliers’ business in Singapore," says Ms. Tang Wei Leng, Managing Director at Colliers International

RETalk Asia

https://www.thehotelconversation.com.au/news/2018/11/08/westin-brisbane-hotel-opens-its-doors-featuring-brisbane%E2%80%99s-first-swim-pool-bar

The Westin Brisbane hotel opens its doors, featuring Brisbane’s first swim-up pool bar

The Westin Brisbane has officially opened at 111 Mary Street in the CBD, marking the brand’s debut in Queensland, offering a new urban retreat for leisure and business travellers.

The Hotel Conversation

https://www.thebusinessconversation.com.au/property/shop-4-249-timor-street-warrnambool-3280/natural-path-health-happiness-warrnambool%E2%80%99s-health

The Natural Path to Health & Happiness: Warrnambool’s health food store café and natural medicine centre

In the centre of Warrnambool’s CBD, this well-presented wellness business offers results-driven products and a range of natural medicine services. For sale by Steve Aberline of Ray White Warrnambool.

The Business Conversation

https://www.retalkasia.com/properties/2018/11/07/colliers-international-successfully-completes-collective-sale-pearlbank

Colliers International successfully completes the collective sale of Pearlbank Apartments in Outram

Singapore's Pearlbank Apartments sold to CapitaLand for SGD728 million by Colliers International in a collective sale by the unit owners.

RETalk Asia

https://gapurabali.com/news/2018/11/07/construction-boosting-balis-economy/1541564911

Construction Boosting Bali's Economy

Bali's economy has been experiencing positive growth through much of 2018, despite natural disasters in neighbouring Lombok, and construction is leading the way.

Gapura Bali

https://www.thehotelconversation.com.au/profiles/2018/11/06/james-carrick-joins-cbre-hotels-nsw-team-senior-manager/1541502533

James Carrick joins CBRE Hotels NSW team as Senior Manager

CBRE Hotels has expanded its presence in the NSW hotel and leisure market with the appointment of experienced property professional James Carrick.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/11/07/could-store-robots-lure-shoppers-back-bricks-and-mortar-stores/1541533111

Could in-store robots lure shoppers back to bricks-and-mortar stores?

Retailers around the world are pushing the boundaries to bring shoppers back to stores – enlisting robots to help with everything from aisle navigation to product choice and selection.

The Business Conversation

https://www.retalkasia.com/news/2018/11/06/data-centres-powering-asia%E2%80%99s-digital-boom/1541456418

Data Centres: powering Asia’s digital boom

“That data has to reside somewhere.” Bo Bond, Managing Director, Data Center Solutions with JLL speaks to WILLIAMS MEDIA about data centers as a compelling investment case.

RETalk Asia