Matterport partners around the world can now access free, “game-changing” virtual tours data with the launch of Little Hinges’ insights platform. The southern hemisphere’s largest and fastest growing Matterport partner, Little Hinges, launched a world-first, live insights platform, free to Matterport customers. Previously only available to Little Hinges clients, the platform offers “game-changing” data and insights to Matterport’s 500,000+ subscribers globally.
Scott Aggett, Founder and Principle expert Negotiator of Hello Haus, is about to change the way the way Aussies buy their homes and investment properties. Having been an industry leader for over two decades, Scott has seen the problems facing homebuyers first hand.
The Association of Professional Builders (APB), a business coaching service for custom home builders, with members in the United States, Canada, ANZ, provided additional insights on the homebuilder market in light of a possible recession that U.S. economists are predicting.
Blackstone announced that real estate funds and private equity funds managed by Blackstone (Blackstone) have completed the acquisition of Crown Resorts Limited (Crown) in the largest transaction to date for the firm in Asia Pacific (APAC). The transaction comprises three premium resort and casino properties in Melbourne, Perth and Sydney.
One of the reasons for the current record low vacancy rates around the nation is due to investors selling their rental properties to homeowners over the past two years, according to Grant Foley Property Director and Buyers’ Agent Grant Foley. The latest SQM Research vacancy rate data has revealed national residential property rental vacancy rates fell to just one per cent in May – a 16-year record low. Mr Foley said one of the main factors that has contributed to the critical under-supply of rental properties is the fact that many investors have sold their properties since the start of the pandemic.
Slate Asset Management (Slate), an alternative investment platform targeting real assets, announced it has completed the previously announced acquisition of Presima Inc. (Presima), a Montreal-based asset manager focused on global real estate securities (the Transaction).
Walton Global, a real estate investment and land asset management company with $3.6bn under management, announced a joint venture with Rockpoint, a real estate private equity firm based in Boston, to support demand for single-family homes in the form of rental communities across the US. Rockpoint intends to invest up to $300m in equity in Walton’s Build-to-Rent (BTR) line of business that is expected to total up to $1bn in real estate assets.
Getting into the property market is no easy feat, and according to research from Compare the Market, Australia is one of the worst countries to be a first home buyer. Placing 27th in a comparison of 35 OECD countries, Australia performed worse than New Zealand (19th) and other big players such as the United States (18th) and the United Kingdom (24th).
Managed property fund EG announced the launch of EGX, a technology incubator aimed at helping build the future of the property and real estate industry across ANZ and globally. Initiated in 2021, EGX already holds a portfolio investment of AUD $100m and is supporting three innovative and high growth firms spanning a wide range of growth areas in the Proptech market like digital twins, data analytics and intelligence, sustainability, and more.
Australia is on the cusp of a very volatile economic period. As the world tries to pick up the pieces after two years of global lockdowns and constant setbacks, we continue to face the aftermath of COVID on many levels. In the current economic climate, businesses should be weary of being caught up in a long-term lease for an expensive office that’s hard to break.