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Building approvals continue to fall as rates rise - HIA

“Building approvals in April 2023 remained at their lowest level in over a decade, with declines continuing for both houses and multi-units,” stated Tom Devitt, HIA Senior Economist.

National

The Economy

Real estate leaders convene on the Gold Coast to discuss housing crisis

The Real Estate Institute of Australia (REIA) has today (30 May 2023) convened leaders from all over the country to understand the unique challenges Gold Coast property seekers are experiencing.

National

The Economy

Rental affordability gap slashed; national unit rents only $39 a week cheaper than houses - CoreLogic

CoreLogic’s monthly Australian Unit Market Update shows growth across capital city unit rents continues to outpace house rents, increasing 1.6% and 0.9% in April, respectively.

National

The Economy

Auctions record highest preliminary clearance rate since November 2021 - CoreLogic

According to Duane Kaak, Research Analyst, CoreLogic, the continued strength in the clearance rate is yet more evidence indicating the market has moved passed its floor.

National

The Economy

The rental debate has been derailed - Ray White

According to Ray White Chief Economist Nerida Conisbee, the rental debate has been completely derailed so that the dominant messaging right now is that owners of rental properties and companies providing new housing need to be punished.

National

The Economy

Increasing demand and an undersupply of accommodation impacts affordability for Australian renters - CoreLogic

Released today, the ANZ CoreLogic Housing Affordability Report: reflections on the pandemic and the rental market unpacks the state of affordability in the Australian rental market and looks at the many ways in which the pandemic has influenced the supply and demand of rental accommodation.

Queensland (Qld)

People

REIQ appoints new Director, bolstering Board to nine

The Real Estate Institute of Queensland (REIQ) has announced its appointment of a new non-member Director, expanding the Board to nine and complementing its skillset with in-demand specialised knowledge.

National

The Economy

John McGrath – New value for buyers in premium regional markets

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, there is exciting new value available now for buyers in premium regional lifestyle areas following the market correction.

Western Australia (WA)Perth

The Economy

REIWA welcomes rental reforms amid housing supply shortage

REIWA CEO Cath Hart today welcomed the McGowan Government’s announcement of rental reforms, saying they struck the right balance.

New South Wales (NSW)Sydney

Featured Property

Versailles inspired Chateau Narla Northern Beaches for sale - Belle

Chateau Narla Bayview for sale by Greg Griffin, Alexander Schreiber and Nicholas Hayes of Belle Property Avalon is one of Sydney's finest estates on 4,110sqm.

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News Roundup

https://www.rethinktokyo.com/marunouchi-area-history?fbclid=IwAR20ZlTN1S9sFxm3w2XWLGmI_AuezS_iE6s1ZfEI-9KWWVoP80KpTIOoLOY

From swamp to swanky: The history of Tokyo's Marunouchi district

The Marunouchi area surrounding Tokyo Station is one of Tokyo’s most prestigious business districts and ranks high on the global power index. Few know that the glitzy hub of high-rise office towers was once a marshland considered not fit for settlement.

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/05/13/investment-demand-new-zealand-hotel-assets-remain-high-colliers-international

Investment demand for New Zealand hotel assets remain high - Colliers International

Investment demand for New Zealand hotel assets remain at an all time high from both offshore and domestic investors. However, opportunities remain scarce as hotel assets remain tightly held with owners electing to retain, based on buoyant trading conditions and further capital appreciation expectations.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/05/13/crown-group-plans-vertical-waterfront-city-jakarta/1557730920

Crown Group plans vertical waterfront city for Jakarta

Australian developer Crown Group is planning a residential development on the Jakarta waterfront that would be the first of its kind for the city.

The ASEAN Developer

https://www.commo.com.au/2019/05/13/mango-hill-retail-site-sold-392-million/1557727972

Mango Hill retail site sold for $3.92 million

A DA approved corner site in Mango Hill has been sold to a local developer for $3.92 million in a deal negotiated by Savills.

COMMO

https://www.thehotelconversation.com.au/news/2019/05/13/hickory-appointed-build-melbourne%E2%80%99s-first-hyatt-centric-hotel/1557751283

Hickory appointed to build Melbourne’s first Hyatt Centric hotel

Little Projects has today announced that it has appointed Hickory to build Melbourne’s first Hyatt Centric hotel expected to open in 2021, a full-service lifestyle hotel.

The Hotel Conversation

https://www.rethinktokyo.com/chiyoda-area-guide-real-estate

Chiyoda area guide: Japan’s centre of political power

Home to the Imperial Palace, Tokyo Station and government ministries, Chiyoda ward is the historical, financial and political centre of Tokyo that attracts both the business elite and diplomats.

REthink Tokyo

https://www.retalkasia.com/news/2019/05/13/strong-growth-key-markets-compensate-dip-chinese-tourists-visiting-thailand-cbre

Strong growth from key markets compensate for dip in Chinese tourists visiting Thailand - CBRE

The Ministry of Tourism and Sports (MOTS) announced they are expecting more than 40 million tourists to visit Thailand this year

REtalk Asia

https://www.thebusinessconversation.com.au/news/2019/05/09/biopak-qantas-partnership-launches-world%E2%80%99s-first-zero-waste-flight/1557350640

BioPak Qantas partnership launches world’s first zero-waste flight

Qantas Group joins the war against waste, trialling a major zero-waste initiative with Australia’s leading eco-friendly packaging company, BioPak.

The Business Conversation