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Mapping the Market: Almost 80% of Australia’s house and unit markets now in decline - CoreLogic

Australia’s housing market downturn has become more widespread, with four in five house and unit markets analysed across the capital cities recording a fall in values over the past three months, almost double the number that declined in the previous quarter.

National

People

Five auctioneers to battle to be AUSTROS champion tomorrow

The much-anticipated AUSTROS finalists have been announced with the top five set to battle it out for the top gong tomorrow (18 October 2022) after a grueling day of heats today (17 October 2022).

Victoria (Vic.)Melbourne Brighton

Featured Property

$50M landmark Brighton compound Teychel to hit the market - Kay & Burton

16 Moule Avenue Brighton for sale by Ross Savas of Kay & Burton for first time in 50 years with $50M price expectations.

New South Wales (NSW)Sydney

The Economy

Rental crisis continues to grip New South Wales, with Sydney rates at nine-year low - REINSW

After a brief hiatus in August where vacancy rates seemed to level out, September saw yet another drop in Sydney.

Tasmania (Tas.)

People

McGrath further extends its presence in Tasmania with new office in Devonport

McGrath Estate Agents has continued its expansion into Tasmania’s real estate market with the opening of an office in the strategic location of Devonport, maritime entry to the state’s north coast.

Queensland (Qld)Brisbane Gold Coast Sunshine Coast

The Economy

Multi-faceted approach key to solving supply crunch, says REIQ

The Real Estate Institute of Queensland (REIQ) is encouraging the government and stakeholders at the upcoming Housing Summit to take a multi-faceted approach to address the state’s housing crisis.

Victoria (Vic.)Melbourne

The Economy

Melbourne median house prices dip below $1 million in a year of growth, creating opportunities for buyers - REIV

The REIV’s September Quarterly Median Report reveals that Melbourne metropolitan house prices fell 7.4 per cent during the quarter to $993,000.

National

The Economy

John McGrath – Is Australia’s place in the sun set to rise?

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, net overseas migration is forecast to return to pre-COVID-19 trends and remain steady at 235,000 people from 2024-25 onwards.

New South Wales (NSW)

Featured Property

Alan Jones 68-acre Southern Highlands estate Elizabeth Farm for sale - Inglis Rural Property

Elizabeth Farm 1078 Nowra Road Fitzroy Falls for sale by Liam Griffiths and Sam Triggs of Inglis Rural Property offers an ideal rural lifestyle opportunity.

New South Wales (NSW)Sydney

Featured Property

Jorge Hrdina-designed Vaucluse for sale - Raine & Horne

112 New South Head Road Vaucluse for sale by Richard Faludi of Raine & Horne provides an idyllic harbourside sanctuary of peace, privacy and tranquility on approximately 1000sqm.

Pages

News Roundup

https://www.thehotelconversation.com.au/873429

TFE Hotels to open first Vibe Hotel in Adelaide 2020

TFE Hotels has announced it will open a new 18-storey Vibe Hotel in Adelaide opening in 2020, being a new flagship hotel for the brand partnering with multi award-winning Loucas Zahos Architects.

The Hotel Conversation

https://www.thebusinessconversation.com.au/news/2018/10/24/western-australia%E2%80%99s-%E2%80%98hooked-middleton%E2%80%99-named-australia%E2%80%99s-best-fish-and-chips

Western Australia’s ‘Hooked on Middleton’ named Australia’s best Fish and Chips

Darwin's Frying Nemo also had a good night, taking home state awards in both Judged and People's Choice categories.

The Business Conversation

https://www.retalkasia.com/097347

Hong Kong reclaims most expensive world city crown

Hong Kong has overtaken New York to become the most expensive world city in which to rent space for the first time since 2011, according to the latest Savills Live/Work Index.

RETalk Asia

https://www.thehotelconversation.com.au/news/2018/10/22/emerging-trend-lifestyle-hotels-new-zealand/1540186497

The emerging trend of lifestyle hotels in New Zealand

Lifestyle hotel brands are starting to emerge in New Zealand, as operators look to tap into the next generation of travellers and draw millennials back to the hotel market.

The Hotel Conversation

https://www.thehotelconversation.com.au/2018/10/23/entire-city-block-surfers-paradise-gold-coast-da-approved-development-site-sale-jll

Entire city block Surfers Paradise Gold Coast DA approved development site for sale JLL Hotels and Metro Sales

With the Gold Coast remaining the second strongest hotel market in the country, the 1.14ha site possesses approval for two skyline defining towers of 52 and 48 levels, which is being marketed by Tom Gibson and Blake Goddard of JLL.

The Hotel Conversation

https://www.thebusinessconversation.com.au/property/74-main-st-sheffield-7306/main-street-hairdressing-business-3-apartments-town-murals

Main Street hairdressing business with 3 apartments in the Town of Murals, Tasmania

The town's only hair salon business comes with additional income streams from two 2-bed apartments and a bungalow. For sale by Paul Scott of Tasmanian Business and Property Sales.

The Business Conversation

https://www.retalkasia.com/726354

"Now is the time for logistics"

If there was ever a time that logistics was ‘in’, that time is now according to JLL. The reliance and need for logistics space is at an all-time high, driven by advancements in the e-commerce sector.

RETalk Asia

https://www.thehotelconversation.com.au/properties/2018/10/22/brisbane-spring-hill-international-hotel-development-site-sale/1540173674

Brisbane Spring Hill 'International Hotel' development site for sale

The 'International Hotel' in Brisbane's CBD fringe suburb of Spring Hill is being offered for sale, which has development approval for a 10-15 storey mixed-use building within the Spring Hill Neighbourhood Plan.

The Hotel Conversation