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John McGrath – How the market is responding to today’s changing economy

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, buyers who missed out last year should take advantage of the market taking a breather within the next 12 months.

National

The Economy

Deep Blue Company launches digital property platform Offer to Own into the NSW market

Offer to Own, a digital property offer management and communication platform that creates efficiency and transparency in the sale-to-settlement journey for buyers and agents, is launching into NSW.

Victoria (Vic.)Melbourne

Featured Property

Illustrious Hawthorn Victorian manor ‘Crossakiel’ for sale - Marshall White

26 Kooyongkoot Road Hawthorn for sale by Marcus Chiminello and Sonja Sendin of Marshall White Stonnington is on the market with a price guide of $18,495,000.

New South Wales (NSW)

Featured Property

40-acre Ocean Shores property for sale - Byron Bay & Hinterland Property

43 Synotts Lane Ocean Shores for sale by Rez Tal of Byron Bay & Hinterland Property is a private mountain top retreat with spectacular Byron Shire views and business opportunity.

New South Wales (NSW)Sydney

Featured Property

Newly built designer Balmain home for sale - BresicWhitney

1 Carieville Street Balmain for sale by Andrew Liddell and Adrian Oddi of BresicWhitney who described the property as “the perfect home”.

New South Wales (NSW)Sydney

Featured Property

New Dover Heights home Mirror Image for sale with ocean views - Ray White Double Bay

84a Liverpool Street Dover Heights for sale by Alan Fettes and Elliott Placks of Ray White Double Bay is an award-nominated home which has been featured in Vogue Living.

New South Wales (NSW)Sydney

Featured Property

The Residence Hyde Park apartment for sale with Sydney Harbour views - Ray White

Opera House views from 79/18 College Street Darlinghurst for sale by Nic Krasnostein and Elliott Placks of Ray White Double Bay delivers the ultimate inner city lifestyle.

Victoria (Vic.)Melbourne

Featured Property

Hamptons Mornington Peninsula residence for sale - Whitefox

5 Exeter Close Sorrento for sale by James Hallahan and Sam Woodley of WHITEFOX offers Provincial style, perfect presentation and prestige living.

Queensland (Qld)Brisbane

Featured Property

Historic ‘Manola’ Bowen Hills Queenslander sold by Place

19 Jordan Terrace Bowen Hills sold by Sarah Hackett of Place New Farm to the owner of a neighbouring property.

New South Wales (NSW)

Featured Property

Attunga Grove 116-acre Southern Highlands estate for sale - Drew Lindsay

Attunga Grove Alpine for sale by Samuel Lindsay of Drew Lindsay Real Estate is a must see for tree changers.

Pages

News Roundup

https://www.rethinktokyo.com/news/2018/08/27/apartment-owner-fined-illegal-minpaku-letting/1535329407

Apartment owner fined for illegal 'minpaku' letting

An apartment owner in Tokyo has been fined 970,000 Yen (approx. USD 8,700) after his building's owners association sued him for illegally letting out his apartment.

REThink Tokyo

https://www.thehotelconversation.com.au/news/2018/08/27/colliers-international-release-their-australia-new-zealand-capital-market-investment

Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report

Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30 transactions in FYE2017.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/08/24/business-sentiment-victoria-remains-optimistic-greater-research-collaboration-could

Business sentiment in Victoria remains optimistic, greater research collaboration could lift productivity

The Victorian Chamber of Commerce and Industry June 2018 quarter Survey of Business Trends and Prospects shows low levels of collaboration between business and research which could more than triple prospects of annual productivity growth.

The Business Conversation

https://www.thehotelconversation.com.au/news/2018/08/24/event-hospitalitys-atura-adelaide-airport-hotel-open-next-month/1535071355

Event Hospitality's Atura Adelaide Airport Hotel to open next month

The highly anticipated 165-room, seven storey Atura Adelaide Airport Hotel will open next month on the first of September, which will service the eight million passengers flying into one of the nation’s fastest growing international airports.

The Hotel Conversation

https://www.retalkasia.com/news/2018/08/24/property-poised-historic-highs-gdp-declines-says-colliers/1535065221

Property poised for historic highs as GDP declines, says Colliers

Joey Roi Bondoc, Research Manager at Colliers International Philippines discusses the office and residential markets for Q2 2018 as well as the challenges faced by the Philippine property market.

RETalk Asia

https://www.retalkmena.com/news/2018/08/23/riyadh-metro-drive-real-estate-demand-across-saudi-arabian-capital/1534978801

Riyadh Metro to drive real estate demand across Saudi Arabian capital

Recently introduced strategic reforms and key infrastructure projects will double the economic output of the real estate market in Saudi Arabia, says Knight Frank.

RETalk Mena

https://www.thehotelconversation.com.au/news/2018/08/23/geocons-abode-group-rebrands-iconic-hotels/1534972928

Geocon's Abode Group rebrands to Iconic Hotels

Independent hotel operator Abode Group has announced a rebrand, now known as Iconic Hotels - With two more hotels in Canberra’s inner-south and north due for completion and opening by July next year.

The Hotel Conversation

https://gapurabali.com/news/2018/08/22/bali-targets-8-million-foreign-visitors-2019/1534903820

Bali targets 8 million foreign visitors in 2019

Bali's tourism industry is aiming to attract 40% of Indonesia's total foreign tourist arrival target in 2019, but needs central government support to achieve this ambitious goal.

Gapura Bali