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Featured Property

Contemporary Ascot home for sale with river & city views - Place

6 Comus Avenue Ascot for sale by Drew Davies and Patrick McKinnon of Place Ascot has been thoughtfully constructed to maximise lifestyle and enjoyment for families for years to come.

National

The Economy

CPI beast being tamed - REIA

ABS data shows that the Consumer Price Index (CPI) rose 0.8% in the June quarter of 2023 and 6.0% over the twelve months.

Victoria (Vic.)Melbourne

Featured Property

Jolson design Orchard Piper Armadale apartment for sale - RT Edgar

1/35 Huntingtower Road Armadale for sale by Tim Brown and Paul Castran of RT Edgar has been designed for secure and convenient living.

People

Ray White Queensland’s High Performers Moves

In exciting news there’s some major changes at Ray White Queensland's corporate office, which is fast becoming an elite training ground for high performers.

Victoria (Vic.)Melbourne

People

Damien Spiteri to lead Hockingstuart Melton

Hockingstuart announced a new direction for its Melton office with leading sales agent Damien Spiteri taking on the role of principal for the thriving community located in Melbourne’s west.

National

The Economy

Rent values increase in more than 90% of Australian markets in the past year - CoreLogic

New suburb-level analysis of CoreLogic’s Mapping the Market interactive tool reveals more than nine in 10 house and unit markets across the country have seen an increase in rents over the 2022-23 financial year.

New South Wales (NSW)Sydney

Featured Property

Mosman harbour views opposite Parriwi Lighthouse - Ray White

52A Parriwi Road Mosman for sale by Geoff Smith and Geoff Allan of Ray White Lower North Shore offers world class views, privacy, and architectural excellence.

National

Politics

REIV responds to State Government consideration of rental caps and restrictions

Real Estate Institute of Victoria CEO, Quentin Kilian, has provided the following statement today as the Victorian Government has indicated, via a media release, that it is considering both restricting the range of a rental increase and banning a rental provider from applying a rent increase any more than once every two years.

National

The Economy

Combined clearance rate declines three weeks in a row but remains above 70% - CoreLogic

The combined capitals saw 1,729 homes taken to auction this week, returning a preliminary auction clearance rate of 70.7%.

National

The Economy

Rental crisis starts to ease

According to Nerida Conisbee, Ray White Chief Economist, after seeing the biggest jump in advertised rents ever recorded, we are finally starting to see the rate of increase start to slow.

Pages

News Roundup

https://www.thebusinessconversation.com.au/2019/07/19/sydney-named-top-destination-business-meetings-and-events-2019/1563499134

Sydney named top destination for business meetings and events for 2019

In Cvent’s list of Top 10 Meeting Destinations for meetings and events in Australia and Oceania, Sydney takes the number one spot while Fiji’s Nadi puts itself on the map for meetings and events in the region.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/07/18/royal-hotel-richmond-sold-htl-industry-stalwart-peter-wynne/1563422782

Royal Hotel in Richmond sold by HTL to industry stalwart Peter Wynne

The Royal Hotel in Richmond has been sold by HTL Property in a discreet, off-market sale to industry stalwart Peter Wynne.

The Hotel Conversation

https://www.commo.com.au/news/2019/07/16/increase-melbourne-commercial-property-sales-value-throughout-past-three-months

Increase in Melbourne commercial property sales value throughout the past three months, research shows

New research from Melbourne CityScope has shown that commercial property sales value in the city is trending upwards.

COMMO

https://www.theindustrialist.com.au/news/2019/07/18/warehouse-brisbanes-north-sold-12-million/1563429075

Warehouse in Brisbane's north sold for $1.2 million

A vacant industrial/warehouse in Brisbane’s northern suburb of Virginia has been snapped up for $1.28M + GST by an owner-occupier

The Industrialist

https://www.commo.com.au/news/2019/07/17/dymocks-properties-purchase-420-george-street-421-million/1563341452

Dymocks Properties purchase 420 George Street for $42.1 million

Cushman and Wakefield has sold the office tower at 420 George Street on behalf of Forza Capital for $42.1 million.

COMMO

https://www.thehotelconversation.com.au/news/2019/07/17/david-mansfield-appointed-chief-operations-officer-quest-apartment-hotels/1563336051

David Mansfield appointed Chief Operations Officer at Quest Apartment Hotels

Hotelier David Mansfield has been apppointed Chief Operations Officer at Quest Apartment Hotels, bringing many years of experience to Quest's franchise operations

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2019/07/19/good-design-energy-saving-aussie-dishwasher-shines-prestigious-awards-night

Good Design: Energy-saving Aussie dishwasher shines at prestigious awards night

Now in its 61st year, the annual Good Design Awards attracted a record number of submissions in 2019, with judges evaluating close to 700 projects.

The Business Conversation

https://www.thehotelconversation.com.au/news/2019/07/16/robust-results-nsw-and-qld-pub-market-over-financial-year/1563252394

Robust results in NSW and QLD pub market over financial year

The pub market in both NSW and QLD has shown robust results over the 2018/19 Financial Year - HTL Property

The Hotel Conversaion