Housing market outlook improving in Australia as downturn slows

Property Wire | June 11, 2019

The pace of decline in Australia’s residential housing market slowed in May, down nationally by 0.4%, the smallest month on month fall for a year, the latest index data shows. But nationwide prices are still down by 7.3% year on year to a median value of $519,537 and quarter on quarter they are lower by 1.5%. CoreLogic head of research Tim Lawless pointed out that the improvement is primarily being driven by a slower rate of decline in Sydney and Melbourne where housing values were previously falling at the fastest rate of any capital city. Money on month prices in Sydney fell by 0.5% to $776,135 but they are still 10.7% lower than in May 2018 while in Melbourne they fell by 0.3% month on month to $619,804 and are down 9.9% year on year. Prices have also continued to fall in other cities. In Brisbane they were down 0.5% month on month and 2.3% year on year to $484,882. In Perth they fell by 1% on a monthly basis and are 8.8% lower than May 2018 at $436,090. While in Darwin they are down 1.6% and 8.6% respectively to $393,298.

Spotlight

As we hit the half-year mark, investors have continued to set their sights on Asia Pacific despite broader geopolitical uncertainties. Dr Megan Walters, Head of Research, Asia Pacific, JLL, talks about the latest real estate trends across the region

Spotlight

As we hit the half-year mark, investors have continued to set their sights on Asia Pacific despite broader geopolitical uncertainties. Dr Megan Walters, Head of Research, Asia Pacific, JLL, talks about the latest real estate trends across the region

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

Enlighted Opens new Canadian Office to Increase Global Presence for IoT & Software Innovations

Enlighted | October 27, 2022

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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

Thompson Thrift to Develop Luxury Multifamily Community Outside Colorado Springs

Thompson Thrift | November 29, 2022

Thompson Thrift, a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, announced today the development of Alta25, a 264-unit Class A multifamily community in the Colorado Springs suburb of Monument. Thompson Thrift plans to welcome new residents starting in 2025. "There is strong demand for luxury multifamily communities in this area, We expect that Alta25 will provide an appealing rental option for residents desiring the style, luxury and convenience that Thompson Thrift communities feature." -Josh Purvis, managing partner for Thompson Thrift Residential Located at 16218 Jackson Creek Pkwy, Alta25 will offer eight, three-story garden style buildings and 96 detached garages. The one-, two- and three-bedroom apartment homes will average 987 square feet with luxury finishes including gourmet bar-kitchens with elegant quartz countertops, timeless tile backsplash, stainless steel appliances, designer fixtures and finishes, Alexa-compatible smart hub to integrate all smart devices, smart thermostat and smart door locks, walk-in closets, full-size washers and dryers, as well as patio, balcony, and private yard options. Luxury living will continue throughout the community with amenities such as a professionally decorated clubhouse, resort-style swimming pool, 24-hour fitness center, Amazon Package Hub, bike storage and workshop, thoughtfully designed courtyards, grilling stations, outdoor game area, an electronic firepit with seating area, a dog park, pet spa with grooming station, and more. The site is adjacent to Monument Marketplace, which is home to over 658,000 square feet of retail and restaurants, and sits within The Village at Jackson Creek, a mixed-use project currently in development. Historic downtown Monument, less than three miles north, offers small-town charm filled with unique and locally owned boutiques, restaurants, galleries and spas. Nearby Interstate 25 is currently being widened to six lanes, which will improve traffic flow from Colorado Springs to Denver, and further improve access to several major employers including Fort Carson, UCHealth Memorial Hospital North and Schriever Space Force Base. Monument offers the ideal Colorado setting with views of Pikes Peak to the southwest, the Rocky Mountains to the west. Additionally, residents will enjoy an abundance of outdoor recreation, and highly rated public schools, both of which contributed to Monument being ranked as one of the best places to raise a family in Colorado. During the past 30 years Thompson Thrift has developed more than $4 billion of ground-up development projects across the Midwest, Southeast and Southwest. The company made a name for itself by being one of the few developers to build high-quality, attractive Class A residential communities with a variety of conventional, luxury leased villa and townhome-style communities. About Thompson Thrift Real Estate Company Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana; Denver, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve.

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Real estate's top digital signature solution, Authentisign, coming to Lone Wolf Transactions (zipForm Edition)

Lone Wolf Technologies | September 07, 2022

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