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Cash rate hits highest level since May 2012 - CoreLogic

RBA decision for a 25 basis point lift takes the cash rate to 3.6%, the highest level since May 2012. To date, this rate tightening cycle has been both the largest and the most rapid on record by some margin.

Victoria (Vic.)Melbourne

People

Kay & Burton unveils brand evolution

Leading premium real estate agency Kay & Burton has unveiled its brand evolution project which will re-establish its preeminent position as advisor of choice for the most coveted property in Australia.

National

The Economy

Rental affordability sees slight improvement but no joy for mortgage holders - REIA

The Real Estate Institute of Australia’s (REIA) Housing Affordability Report (HAR) story for the December quarter 2022 is all about interest rates at 3.1% and increased home loan repayments, with no joy in sight for mortgage holders.

National

The Economy

Investments still driving gender gap in home ownership - CoreLogic

CoreLogic’s 2023 Women & Property report released ahead of International Women’s Day, found men were associated with ownership of 3.1% more of the housing stock analysed than women.

Victoria (Vic.)

People

Belle Property welcome Waller Realty team’s three Central Victorian offices in Bendigo, Castlemaine and Maldon

Belle Property announce the opening of 3 Central Victorian offices in Bendigo, Castlemaine and Maldon, led by the respected Waller family of Rob and Narelle Waller, together with lead agent Tim Noonan as Principal and Co-Director of Bendigo office. Belle Property CEO Peter Hanscomb welcomed the Waller Realty team to the group.

Victoria (Vic.)Melbourne

Featured Property

Prahran garden residence in boutique Wood Marsh development - Kay & Burton

G03/6 Sydney Street Prahran for sale by Matt Davis and Andrew Sahhar of Kay & Burton offers a private haven of contemporary home comforts in one of Melbourne's most desirable suburban neighbourhoods.

Queensland (Qld)Gold Coast

The Economy

Colliers report finds the Gold Coast riding out the great property correction of 2023

The great property market correction of 2023 has been kept at bay on the Gold Coast with research from Colliers revealing national house prices have fallen more than five times as much as Australia’s lifestyle capital.

Queensland (Qld)

Featured Property

Mount Tamborine home for sale with sweeping Gold Coast views - Ray White

18 Coomera Gorge Drive Tamborine Mountain for sale by Nori Hasenbein of Ray White Rural Tamborine Mountain for $975,000 is located a few minutes walk from Tamborine Mountain Golf Course.

National

The Economy

John McGrath – Today’s market ideal for new investors

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, today’s market is a great buying opportunity for investors.

Victoria (Vic.)Melbourne

People

Tim and Aimee Gurner list personal luxury residence at Saint Moritz for sale circa $15 Million

Luxury developer Tim Gurner and his wife Aimee have put their 500sqm luxury, two-storey, four- bedroom 'wellness' residence at the developer’s own Saint Moritz project on the market.

Pages

News Roundup

https://commo.com.au/news/2019/02/07/new-centres-sale-childcare-sector-continues-resurgence/1549511397

New centres for sale as childcare sector continues resurgence

The availability of four new childcare centres spread across Victoria and Queensland highlight the current growth opportunities within the sector, according to Burgess Rawson.

COMMO

https://www.thebusinessconversation.com.au/news/2019/02/08/innovation-world-championship-honours-aussie-start-soldierly/1549578825

Innovation World Championship honours Aussie start-up Soldier.ly

Soldier.ly’s app, called USTRESS, uses biofeedback data to give veterans and their support networks a tool for monitoring and managing levels of stress.

The Business Conversation

https://www.suayphuket.com/news/2019/02/07/mass-rapid-transit-authority-moves-forward-phuket-project/1549516133

Mass Rapid Transit Authority moves forward with Phuket project

The Mass Rapid Transit Authority of Thailand has held talks with the private sector about investment opportunities for the proposed Phuket rail project.

Suay Phuket

https://www.commo.com.au/news/2019/02/06/western-australias-commercial-property-market-rise-45-million-coles-retail

Western Australia's commercial property market 'on the rise' with $45 million Coles retail divestment

First time purchasers have bought three Coles retail assets through CBRE for a combined price of more than $45 million in Western Australia.

COMMO

https://www.thehotelconversation.com.au/news/2019/02/07/mount-lofty-house-completes-6m-refurbishment-new-15m-sequoia-development-opening

Mount Lofty House completes $6m refurbishment, with new $15m 'Sequoia' development opening September 2019

Built in 1852 by Arthur Hardy as a summer house, Adelaide's iconic five-star hotel has recently completed a 12-month $6 million refurbishment of its 32 guest rooms and brand new reception area, restaurant, bar and conference facilities. This is ahead of the upcoming launch of the new luxury lodge, Sequoia at Mount Lofty House, on the estate which will include 14 brand new luxury suites later this year.

The Hotel Conversation

https://www.thehotelconversation.com.au/news/2019/02/07/marriotts-moxy-hotel-brand-debut-australia/1549497769

Marriott's Moxy hotel brand to debut in Australia

Moxy Hotels is set to debut in Australia with the signing of Moxy Melbourne South Yarra, a 180-room, new build standalone hotel slated to open in July 2021.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/02/06/high-hopes-canberras-highgate/1549425543

High Hopes for Canberra's Highgate

The revitalisation of an iconic Canberra location is at the centre of new retail space on offer through Colliers.

The ASEAN Developer

https://www.thehotelconversation.com.au/properties/2019/02/05/newcastle-pubs-belmont-hotel-and-salamander-tavern-sold-20m-htl-property

Newcastle pubs the Belmont Hotel and Salamander Tavern sold for $20m by HTL Property

Following the competitive sale of Elemore Vale’s Shaft Tavern to Iris Capital’s Sam Arnaout in December, HTL Property now announces the off-market sales of both the Belmont Hotel and Salamander Tavern in separate transactions to begin the new year.

The Hotel Conversation