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Price growth takes a breather, but not everywhere - Ray White

According to Ray White Chief Economist Nerida Conisbee, May's interest rate decision is almost certainly a hold and the next change in rates will be a decline. If however we see an increase, this would likely put a further dampener on price growth.

National

The Economy

CoreLogic Home Value Index: Further evidence Australia’s housing downturn is over says CoreLogic

After falling -9.1% between May 2022 and February 2023, Australian housing values look to have bottomed out, posting a second consecutive monthly rise. CoreLogic’s national Home Value Index (HVI) increased by half a percent in April, following a 0.6% lift in March to be 1.0% higher over the past three months. CoreLogic’s Research Director, Tim Lawless, it is becoming increasingly clear the housing market has moved through an inflection point.

National

The Economy

New PropTrack report: Home prices continue to stablise in April

National home prices continued to stabilise in April after rising for the fourth consecutive month, according to the PropTrack Home Price Index.

New South Wales (NSW)Sydney

Featured Property

Manly oceanfront for sale with views over Cabbage Tree Bay - The Agency

118A Bower Street Manly for sale by Jake Rowe and Kingsley Yates of The Agency perched high above The Manly Riviera has sweeping 180° open sea panoramas.

Victoria (Vic.)Melbourne

Featured Property

Contemporary Hawthorn Grace Park Estate for sale - Abercrombys

12 Mary Street Hawthorn for sale by Jock Langley of Abercrombys is an architectural masterwork of spectacular style.

National

Construction

Shortage of skilled trades remains acute, despite return of skilled migration - HIA

The HIA Trades Report provides a quarterly review of the availability of skilled trades and any demand pressures on trades operating in the residential building industry.

New South Wales (NSW)Sydney

Featured Property

Robert Parisi designed Hills District acreage for sale - Guardian

Grand Reve 23 Fuggles Road Kenthurst for sale by Ben Jobberns and Harrison Mahaffie of Guardian Realty is one of the finest estates in Sydney’s Hills District.

Victoria (Vic.)Melbourne

Featured Property

Mr Melbourne Ron Walker’s grand Toorak estate for sale - Kay & Burton

Huntingfield 55 Albany Road Toorak for sale by Gowan Stubbings, Gerald Delany and Jamie Mi of Kay & Burton with a $55-$60 million price guide.

Queensland (Qld)Brisbane

Featured Property

Kangaroo Point c1860s Brisbane heritage home for sale - SAI Real Estate Group

267 Main Street Kangaroo Point for sale by Varsha Daswani and Cooper Swift of SAI Real Estate Group provides stunning views of the Brisbane City skyline.

New South Wales (NSW)Sydney

Featured Property

Across from Macquarie Lighthouse Vaucluse for sale - Biller / Bradfield BadgerFox

180 Old South Head Road Vaucluse for sale by Paul Biller and Ben Torban of Biller Property in conjunction with William Tsagaris and Alex Papa of Bradfield BadgerFox.

Pages

News Roundup

https://www.mingalarrealestateconversation.com/news/2019/03/19/nydc-addresses-key-public-concerns-new-yangon-city%C2%A0/1552964417

The NYDC addresses key public concerns on New Yangon City

Serge Pun, NYDC CEO addresses topics raised about the New Yangon City a recent townhall meeting.

Mingalar real estate conversation

https://www.thehotelconversation.com.au/news/2019/03/20/queenstown-waterfall-park-hotel-approved-council/1553073753

Queenstown Waterfall Park Hotel approved by council

Queenstown Lakes District Council has granted Resource Consent for a hotel and related activities, including a wellness centre, restaurants, and conference and event facilities, at Waterfall Park.

The Hotel Conversation

https://www.commo.com.au/news/2019/03/19/savills-celebrates-reiq-commercial-success/1552963991

Savills celebrates REIQ commercial success

Savills has been recognised for its contribution to Queensland's commercial property sector, winning Commercial Agency of the Year at the 2019 REIQ Awards.

Commo

https://www.rethinktokyo.com/startup-lady-japan-women-entrepreneurs-network

Game changers: The women taking on Tokyo’s business world

From networking to entrepreneur nights, Startup Lady Japan is providing a network for female entrepreneurs in Japan.

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/03/20/skye-suites-hotel-open-infinity-crown-group-sydney-green-square-development

SKYE Suites hotel to open in Infinity by Crown Group Sydney Green Square development

Crown Group will open its third luxury serviced apartment hotel, SKYE Suites Green Square, mid-year as part of the iconic $575 million development Infinity by Crown Group.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/03/18/fantauzzo-art-series-hotel-howard-smith-wharves-opening-next-tuesday/1552882993

The Fantauzzo Art Series Hotel at Howard Smith Wharves opening next Tuesday

The Fantauzzo Art Series Hotel at Howard Smith Wharves has appointed Shaun Fields as general manager of its brand new $100m Brisbane hotel, opening next Tuesday, 26 March 2019.

The Hotel Conversation

https://www.retalkasia.com/news/2019/03/18/singapore-record-property-auction-listings-2018-amid-slower-sales/1552859814

Singapore - record property auction listings in 2018 amid slower sales

Colliers International recently released its Colliers Flash report which tracked transactions and listings in the property auction market in Singapore during the second half (H2) of 2018.

RETALK ASIA

https://www.suayphuket.com/news/2019/03/14/data-shows-increase-phuket-airport-arrivals/1552512444

Data shows increase in Phuket Airport arrivals

Annualised figures from C9 Hotelworks have shown that Phuket Airport hosted nine million arrivals in 2018, representing a year-on-year increase of 8%.

SUAY PHUKET