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Belle Property expands its footprint in Melbourne’s Inner North

Boutique real estate brand, Belle Property today announced the opening of new offices in the Melbourne Inner North suburbs of Ascot Vale and North Melbourne, through a merger with Alexkarbon Real Estate.

National

The Economy

Australia's most mortgaged regions and the impact of 12 rate hikes (and counting) - CoreLogic

The June cash rate decision doused hopes for many Australians that rate hikes were nearing an end. It prompted the major bank economists to reset their forecasts for the terminal cash rate to at least 4.35%, dragged on consumer sentiment, and may take some steam out of the recent housing market recovery.

New South Wales (NSW)Sydney Victoria (Vic.)Melbourne

The Economy

Sydney and Melbourne record lowest preliminary auction clearance rates since April 2023 - CoreLogic

Capital city auction activity almost doubled this week following the quieter long weekend last week. It is the highest number of auctions in 11 weeks, with 1,951 homes scheduled.

New South Wales (NSW)Sydney

The Economy

Rental crisis continues to grip NSW, as vacancy rates fluctuate - RIENSW

The REINSW Vacancy Rate Survey results for May 2023 show that residential vacancies in Sydney remain at crisis levels.

Victoria (Vic.)Melbourne

Featured Property

World-class sub-penthouse Sapphire by the Gardens for sale - Colliers

Level 55 63 La Trobe Street, Melbourne for sale by Nancy Monitto of Colliers in conjunction with Steven Chen of The Agency Projects has panoramic views of UNESCO World Heritage Carlton Gardens.

International

The Economy

Clearance rates on the rise at Ray White New Zealand auctions

Ray White New Zealand recorded a 59.2 per cent all sold clearance rate last week, up 20.27 per cent year on year.

National

The Economy

Australia now attracting more wealthy migrants than anywhere in the world

According to Nerida Conisbee, Ray White Chief Economist, Queensland is on track this year to see more international migrants arriving than ever before.

National

The Economy

Tips for tenants in today’s tight rental market

McGrath’s Head of Property Management, provides some tips for tenants, with a focus on how you can increase your chances of securing the rental home you want.

Victoria (Vic.)

Featured Property

69-acre Hampton's style Hesket estate for sale - Marshall White

335 Colwells Road Hesket for sale by Chris Barrett of Marshall White delivers superb equestrian facilities and views to Hanging Rock.

New South Wales (NSW)Sydney

Featured Property

Tropical Oasis on Sydney’s Upper North Shore for sale - The Agency

222a Warrimoo Avenue St Ives Chase for sale by Glenn Curran of The Agency offers the opportunity to embrace a permanent holiday aesthetic of a luxury Balinese resort.

Pages

News Roundup

https://www.rethinktokyo.com/faq-secondhand-homes-renovation-japan

Why buy new if you can fix it? All you need to know about secondhand homes and apartment renovations in Tokyo

The second-hand apartment market in Tokyo is on the rise. We answer buyers’ most common questions on purchasing older units and renovating them.

REthink Tokyo

https://www.commo.com.au/news/2019/05/27/northern-sydney-office-building-sold-11-million/1558963899

Northern Sydney office building sold for $11 million

A Crows Nest commercial property has been sold to a Chinese-Australian investor for $11 million after being marketed for sale by CBRE.

COMMO

https://www.theaseandeveloper.com/news/2019/05/28/brisbanes-roma-street-station-get-underground-treatment-250-million-upgrade

Brisbane's Roma Street Station to get underground treatment in $250 million upgrade

Roma Street Station’s busway interchange will undergo a $250 million underground transformation to create a "seamless" connection to the government’s Cross River Rail Project.

The Asean Developer

https://www.thehotelconversation.com.au/news/2019/05/29/new-flights-seoul-gold-coast-worth-millions-economy/1559091482

New flights from Seoul to the Gold Coast worth millions to economy

New flights direct from Seoul to the Gold Coast will pump more than $176 million into the economy and create close to 2,000 jobs over the next three years.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/05/27/get-know-brisbane-marketing%E2%80%99s-new-chairman-paul-spiro/1558952701

Get to know Brisbane Marketing’s new Chairman, Paul Spiro

Brisbane Marketing’s new Chairman, Paul Spiro, has given a candid interview discussing the future of Brisbane and his future plans for the city.

The Hotel Conversation

https://www.mingalarrealestateconversation.com/news/2019/05/21/future-competition-poses-investor-opportunities-yangon-serviced-apartment-market

Future competition poses investor opportunities in the Yangon Serviced Apartment Market - Colliers

Colliers International release the Quarterly Yangon Serviced Apartment Report Q1 2019

Mingalar Real Estate Conversation

https://www.mingalarrealestateconversation.com/news/2019/05/21/future-competition-poses-investor-opportunities-yangon-serviced-apartment-market

Hall Street site sold for $6.5 million to Cadence Property Group

Developer and funds manager Cadence Property Group has acquired a Hall Street site for $6.5 million for its new headquarters in the Hawthorn East.