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National Median House Price increases by 7.6%

The latest Real Estate Institute of Australia (REIA) Real Estate Market Facts (REMF) has found the national median house price grew by 7.6% over the year to March, 2024 increasing to $1,026,903.

National

The Economy

Preliminary clearance rate falls to 67.3% across the combined capitals - CoreLogic

By Caitlin Fono, Research Analyst, CoreLogic Australia

New South Wales (NSW)Sydney Queensland (Qld)Gold Coast Western Australia (WA)Perth

The Economy

John McGrath – Australian cities among the top global prestige markets

Prestige property in Perth and the Gold Coast recorded price growth above the global average in 2023, with the Asia Pacific being the strongest-performing region for global luxury real estate values.

Western Australia (WA)

People

From the reception desk to award-winning agent: How Natalie Arnold levelled up in Real Estate

Natalie Arnold, starting her real estate career as Realmark’s receptionist before growing into a successful standalone sales agent.

New South Wales (NSW)Sydney

The Economy

Resilience underpins Sydney property as end of financial year approaches - BresicWhitney

May played host to strong offers, confident bidding and an 85%+ clearance rate said BresicWhitney CEO Thomas McGlynn.

Queensland (Qld)Brisbane

Design

Harry Seidler designed Brisbane Riparian Penthouse for sale - Ray White

5201/71 Eagle St Brisbane for sale by Matt Lancashire of Ray White New Farm for first time in 18 years is Brisbane's biggest penthouse.

Victoria (Vic.)Melbourne

Featured Property

100-year old Barwite country acreage for sale - Nutrien Harcourts

146 Soldiers Road Barwite for sale by Amanda Nieuwenhuizen of Nutrien Harcourts Mansfield is a 33-acre retreat with cottage gardens, sustainable agricultural features, and sprawling views.

Victoria (Vic.)Melbourne

People

REIV appoints Megan Mander as General Manager – Operations

The Real Estate Institute of Victoria (REIV) announces it has appointed Megan Mander as General Manager – Operations.

National

The Economy

Housing affordability improves for the first time since 2021 - REIA

Housing affordability for home buyers has finally turned a corner with the March quarter of 2024, showing improvement for the first time in three years - but it’s a tale of two cities.

Queensland (Qld)Brisbane

Featured Property

Suburb record for 5-acre Chandler Stonebrook sold by Sotheby’s

598 London Road Chandler sold by Tyson Clarke of Queensland Sotheby’s International Realty broke the previous record of $11m for a prestige acreage property.

Pages

News Roundup

https://www.commo.com.au/news/2020/05/18/mandurah-service-station-investment-sold-72-million-through-lj-hooker/1589782959

Mandurah service station investment sold for $7.2 million through LJ Hooker

LJ Hooker Commercial Perth agents Richard Parry and Vincent Siciliano have overseen the off-market sale of a Caltex service station in Mandurah, WA.

Commo.

https://www.thebusinessconversation.com.au/news/2020/05/15/how-will-small-businesses-handle-eased-covid-19-restrictions-employsure-says-it-wont

How will small businesses handle eased COVID-19 restrictions? Employsure says it won't be simple

With business owners confused, Employsure’s free daily livestreaming service on its Facebook page is attracting an audience of approximately 6,000 small business owners per day.

The Business Conversation

https://www.thehotelconversation.com.au/news/2020/05/18/wyndham-hotels-resorts-announces-new-asia-pacific-leadership/1589755730

Wyndham Hotels & Resorts announces new Asia Pacific leadership

Wyndham Hotels & Resorts has appointed Joon Aun Ooi as President of the Asia Pacific region, where he will oversee a combination of the South East Asia and Pacific Rim and Greater China operations.

The Hotel Conversation

https://www.commo.com.au/2020/05/14/largest-ever-student-accommodation-transaction-australia-completes-21bn-savills

Largest ever student accommodation transaction in Australia completes for $2.1bn+ Savills

M3 Capital Partners sold Urbanest Australia Purpose Built Student Accommodation (PBSA) platform to Scape.

Commo

https://www.thebusinessconversation.com.au/news/2020/05/14/new-payment-times-bill-seeks-speed-payment-times-small-business/1589435792

New Payment Times Bill seeks to speed payment times to small business

The Australian Small Business and Family Enterprise Ombudsman has welcomed the bill, which aims to increase transparency of big business payment performance.

The Business Conversation

https://www.commo.com.au/news/2020/05/14/legal-advice-commercial-landlords-through-covid-19/1589431779

Legal advice for commercial landlords through COVID-19

Many landlords are dealing with the practical, and perhaps unintended consequences, of the legislation that surrounds the National Code of Conduct.

Commo.

https://www.thehotelconversation.com.au/2020/05/14/free-xxxx-kegs-way-outback-pubs-and-clubs-restrictions-ease/1589418189

Free XXXX kegs on the way to outback pubs and clubs as restrictions ease

'Good as Gold'. Premier Annastacia Palaszczuk visited the XXXX Brewery in Milton to announce that more than 3,000 litres of XXXX GOLD will make its way licensed venues.

The Hotel Conversation

https://www.commo.com.au/news/2020/05/13/seven-west-media-headquarters-sold-primewest-75-million/1589358400

Seven West Media headquarters sold to Primewest for $75 million

A new Primewest fund has now gone unconditional on its purchase of the Osborne Park headquarters of WA’s leading media company, Seven West Media, for $75 million.

Commo.