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No reprieve for home builders as construction costs continue rising

CoreLogic’s Cordell Construction Cost Index (CCCI) for Q2 2022 showed national residential construction costs increased 10.0% over the 12 months to June 2022, the highest annual growth rate on record outside of the introduction of the GST (10.2% over the year to March 2001).

Queensland (Qld)

Featured Property

'Manderley' eco retreat on acreage for sale - Queensland Sotheby’s International Realty

3275 Christmas Creek Road Lamington for sale by Michael Vettoretto of Queensland Sotheby’s International Realty, offers a tranquil and secluded retreat only two hours from Brisbane CBD.

New South Wales (NSW)Sydney

Featured Property

Contemporary luxury Centennial Park home for sale - The Agency

20 Cook Road Centennial Park for sale by Ben Collier and Peter Perry of The Agency delivers state-of-the-art design in a premier parkside address.

Queensland (Qld)Brisbane

Featured Property

Elevated Bardon home with Brisbane City views for sale - Place

11 Satinwood Court Bardon for sale by Heath Williams and Tonia Ivanni of Place New Farm may function as one house or two separate dwellings, ideal for intergenerational living.

Victoria (Vic.)Melbourne

Design

Kay & Burton launches Concierge Managed Services

Under the new full-service offering, a dedicated Concierge Manager will deliver end-to-end support to take care of all your property and lifestyle needs.

Queensland (Qld)Brisbane

Featured Property

Architecturally redesigned East Brisbane home for sale within 2.5km of the CBD – The Agency

13 Gresham Street East Brisbane for sale by Madi Roche and Cathy Roche of The Agency delivers the perfect fusion of an inner-city home.

New South Wales (NSW)Sydney

Featured Property

Architectural Woollahra home for sale - The Agency

24 Fletcher Street Woollahra for sale by Ben Collier of The Agency offers private outdoor entertaining spaces with with crisp white interiors.

New South Wales (NSW)Sydney

Featured Property

Opulent designer Glebe Terrace sold - The Agency

297 Glebe Point Road, Glebe sold by Paula Simoes and David Quinn of The Agency “Attracted a lot of interest from a variety of buyer groups”

New South Wales (NSW)Sydney

People

Sydney’s Paddington at the core of McGrath’s history as Georgia Cleary joins the team to focus on the area’s resurgence

McGrath Estate Agents has reaffirmed its commitment to Paddington in Sydney’s Eastern Suburbs as the new office focuses on the area’s resurgence. The suburb’s growth is in line with the popularity of neighbourhood living, as highlighted in the McGrath Report 2022.

New South Wales (NSW)Sydney

People

Ayre Real Estate appoint Tiffany Wilson as Head of Brand & Marketing

Ayre Real Estate is excited to announce the appointment of Tiffany Wilson as Head of Brand & Marketing following exponential growth of the apartment focused inner Sydney City agency. Adrian Wilson, Founder and Principal of Ayre Real Estate says, “The vision for Ayre Real Estate has always been to be the leaders in the prestige apartment market,”

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News Roundup

https://www.thehotelconversation.com.au/news/2018/08/08/150m-four-points-sheraton-hotel-sydney-central-park-officially-opens/1533681456

$150m Four Points by Sheraton hotel Sydney Central Park officially opens

Four Points by Sheraton Sydney, Central Park is the latest addition to the multi-stage A$2 billion Central Park development, a joint venture between Frasers Property Australia and Sekisui House Australia.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/08/07/another-trifecta-activepipe-australian-business-awards-2018/1533594244

Another trifecta for ActivePipe at the Australian Business Awards 2018

The annual Australian Business Awards are an all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement.

The Business Conversation

https://www.mingalarrealestateconversation.com/news/2018/08/07/myanmar-grants-visa-free-entry-japan-and-south-korea/1533596438

Myanmar grants Visa-free entry for Japan and South Korea

Japanese and South Korean tourists will be granted visa-free entry into Myanmar in a move to attract more visitors to Asia, however, tourists from China, Hong Kong and Macau will still have to pay USD50 to receive visas on arrival.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2018/08/06/auckland-cbd-holiday-inn-and-even-hotel-site-sold-pro-invest-31m/1533531054

Auckland CBD Holiday Inn and EVEN Hotel site sold to Pro-Invest for $31m

Part of an Auckland CBD site which was previously home to the New Zealand Herald for over 150 years has sold for $31 million to Pro-Invest, who is planning a 490-room dual branded hotel development of around 37 levels on the site.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2018/08/06/savoy-hotel-little-collins-street-melbourne-open-october/1533528234

The Savoy Hotel Little Collins Street Melbourne to open in October

The existing Vibe Savoy Hotel Melbourne on the corner of Spencer and Little Collins Street will undergo a multi-million-dollar refurbishment and re-open as The Savoy Hotel on Little Collins in October this year.

The Hotel Conversation

https://www.thebusinessconversation.com.au/2018/08/06/entrepreneurs-need-look-after-their-personal-wellbeing-kpmg-australia/1533507302

Entrepreneurs need to look after their personal wellbeing: KPMG Australia

Long hours, high stress and low pay could be holding back Australia’s startup economy according to new research.

The Business Conversation

https://www.thehotelconversation.com.au/news/2018/08/05/howard-smith-wharves-fit-out-begins-week/1533467546

Howard Smith Wharves fit-out begins this week

A year since construction started, the new $200 million Howard Smith Wharf Project is one step closer to reality as builders prepare restaurants and bars for fit-out this week.

The Hotel Conversation

https://www.retalkasia.com/news/2018/08/06/strong-price-momentum-and-increases-launches-and-sales-q2-singapore/1533510070

Strong price momentum and increases in launches and sales for Q2, Singapore

Ong Teck Hui National Director for Research and Consultancy of JLL Singapore comments on the recent Urban Redevelop Authority statistics release for Singapore's residential property market.

RE Talk Asia