Friday, 29 June 2018

Australian housing sales' continuing decline, in one chart

Best Asia Real Estate Editors Comments:


As I have been predicting since last year Australian real estate in most major cities, except perhaps Perth is on it's way down.

I just returned from Sydney, and can can confirm that the real estate market is pretty gloomy.


This real estate downturn in Austrian real estate may take longer and be more dramatic than normal.

Why, because I find most Australians believe that even if they are in a downturn they feel it will be short and they better just hold.

I on the other hand believe this is going to be a very dramatic downturn, similar to what we had in Bali in 2014 

Before it's all over prices may drop 20 to 50%. 

Probably the more expensive the property the more it will drop.


Australians who have substantial equity in real estate, especially baby boomers, should consider selling now and moving to greener pastures such as Bali only 2.5 to 5.5 hrs away.

They can buy a brand-new 200 m² private two-bedroom private villa with private swimming pool in a great area for as little as $200,000. Also the cost of living is 63% less than Sydney.

Bali Luxury Retirement Villas Starting at A $198.000

Bali Luxury Retirement Villas Starting at A $198.000

Bali Luxury Retirement Villas Starting at A $198.000

 Contact me for more information about this opportunity that is not even published yet. lawrenceb@ptbali.com




Right now, and largely reflecting the housing market slowdown seen in Sydney and Melbourne over the past 12 months, not only are transaction volumes below the average seen over the past decade, they're also moving back towards levels last seen during the global financial crisis. Rob Homer
by David Scutt

If the chart below is anything to go by, times are getting tougher for any individual, business or government that relies upon turnover in Australia's housing market.

From CoreLogic, it shows the amount of settled housing transactions in Australia on a six-month moving average basis.

For clarity, CoreLogic says off-the-plan sales are not counted until completion, meaning there will be some upwards revision to recent sales volumes given the high volume of units currently under construction across the country.

Right now, and largely reflecting the housing market slowdown seen in Sydney and Melbourne over the past 12 months, not only are transaction volumes below the average seen over the past decade, they're also moving back towards levels last seen during the global financial crisis.

The amount of settled housing transactions in Australia on a six-month moving average basis. CoreLogic


"Nationally, 465,788 settled house and unit sales transacted over the 12 months to May 2018 with the annual number of settled sales 7.7 per cent lower over the year," says Cameron Kusher, research analyst at CoreLogic.

"The monthly data points to a declining trend in transactions with settled sales now sitting lower than the decade average."

Explaining the decline in the national measure, CoreLogic says settled transactions fell heavily in Sydney, Melbourne and Brisbane — Australia's largest housing markets — compared with the levels seen in the year to May 2017.

Over the past year, settled sales fell by 13.5 per cent in Sydney, 12.9 per cent in Melbourne and 12.1 per cent in Brisbane.

They also slid by 7.4 per cent in Hobart, 5.8 per cent in Darwin and 10 per cent in Darwin over the year compared with the prior 12 months.



Only Adelaide and Perth, at 2.5 per cent and 1 per cent respectively, saw sales increase from 12 months earlier.

Given the likelihood the recent Sydney and Melbourne-led national price downturn will continue in the period ahead, Kusher says settled sales will probably fall further, creating challenging market conditions for those reliant upon turnover in the housing market.

"With dwelling values now falling and tighter credit conditions it is reasonable to anticipate that transaction volumes will continue to trend lower," he says.

"Fewer sales means less turnover, which means less commission and less stamp duty revenue for state governments."



This story first appeared in Business Insider. Read it here or follow BusinessInsider Australia on Facebook.




















BusinessInsider.com.au


Tuesday, 19 June 2018

Alexa for Hospitality - bringing the voice-activated device into hotel rooms.

FOCUS ON


News | Technology
Amazon finally talks about travel, launches Alexa for Hospitality
By Kevin May | June 19, 2018

Amazon's first official foray into the travel industry for a few years is here: Alexa for Hospitality - bringing the voice-activated device into hotel rooms.

The ecommerce giant's Echo will now allow guests to ask questions about hotel information, contact guest services, play music in their room and tap into other hotel-related services.

Subscribe To Our Newsletter!

SUBMIT

I accept the Terms and Conditions and Privacy Policy.

The service is initially available to hoteliers by invitation-only, Amazon says, with Marriott International being one of the product's launch customers for deployment at a number of its properties in the Marriott, Westin, St Regis, Aloft and Autograph Collection brands.

In addition to connecting with hotel-based services and tools, guests can talk to Alexa to take control of in-room services such as lights, thermostats, blinds and entertainment.

Existing Alexa "skills" can also be customized by the property for inclusion on each device.
Roll-out and additional features

Amazon, which hopes to see the first devices put into use during the summer of 2018, says it will later allow guests to connect their existing Amazon accounts to the in-room devices so that they can play music from their own playlists or listen to audiobooks.

The Alexa for Hospitality service is also being extended to vacation rental companies (RedAwning) for inclusion in their properties.

The new Alexa devices have been created by Amazon to connect with in-house hotel technology and platforms, Amazon says, "eliminating the need to retrofit or upgrade existing investments".

In addition, features for hotels developed by existing providers such as DigiValet, Intelity, Nuvola or Volara, will allow guests to make requests on those platforms via the in-room devices.

Amazon vice president, Daniel Rausch, says: "Customers tell us they love how easy it is to get information, enjoy entertainment, and control connected devices by simply asking Alexa, and we want to offer those experiences everywhere customers want them.

"Alexa for Hospitality makes your hotel stay a little more like being at home and gives hospitality providers new ways to create memorable stays for their guests."

Marriott says many of its guests are already using voice-activated technology in their homes, so it wants to "extend that convenience to their travel experience".

Jennifer Hsieh, vice president customer experience innovation at Marriott International, says: "Guests of Charlotte Marriott City Center and Marriott Irvine Spectrum will be among the first to experience a curated list of Alexa for Hospitality features.

"We will be evaluating guest feedback and adoption to inform how we expand the skills, features, and functionality offered through Alexa in our hotels."
Travel focus?

Amazon has been widely tipped for some time to take advantage of its dominant position in ecommerce and make a move on the travel industry.

Ill-fated attempts at hotel sales were introduced and quickly withdrawn during 2015.

But many have suggested that the opportunity is too big to ignore and either voice-related services or other products are simply a matter of when rather than if.

A recent study by OAG found that 44% of consumers would be comfortable booking their trips with Amazon, beating the next web giant in the list (Facebook) to a distant second place with 14%.
All about Amazon

Episode 9 of PhocusWire's PundIT Show podcast took an in-depth look at the Amazon opportunity in travel.

Amazon
Hotel
Artificial Intelligence
Voice

Thursday, 14 June 2018

Bali and The world Celebrates Islam's Most Important Day, Idul Fitri

We wish all Muslims in Bali, Indonesia and the world 
A very happy Idul Fitri June 15th. 2018



Selamat Hari Raya Idul Fitri 1 Syawal 1439 H


Mohon Maaf Lahir Dan Batin, 

PT. B.A.L.I., PT. Bali Luxury Villas, Best Asia Real Estate & Bellefontaine Family


Eid al-Fitr

From Wikipedia, the free encyclopedia
"Hari Raya" redirects here. For Feast of the Sacrifice which is also known as Hari Raya in several countries, see Eid al-Adha.
عيد الفطر
Eid al-Fitr (ʻĪd al-Fiṭr)
Feast of Breaking the Fast
Celebrating Eid in Tajikistan 10-13-2007.jpg
Eid al-Fitr meal, Tajikistan
Official nameArabicعيد الفطر
‘Īd al-Fiṭr
Also calledThe Sugar Feast, the Sweet Festival, the Lesser Eid, the Ramadan Feast, the Feast of Fasting,
Observed byIslam and Muslims
TypeIslamic
SignificanceMarks the end of Ramadanfasting
CelebrationsFamily and friends visits, traditional sweet dishes, using perfume, wearing new clothes,giving gifts, etc.
ObservancesZakat al-Fitr charityEid prayers
DateShawwal
2016 date July   6th (± 1 day)


Eid al-Fitr (Arabicعيد الفطر‎ ʻĪd al-FiṭrIPA: [ʕiːd al fitˤr], "festival of breaking of the fast"), also called Feast of Breaking the Fast, the Sugar FeastBayram (Bajram), the Sweet Festival or Hari Raya Puasa[1] and the Lesser Eid, is an important religious holidaycelebrated by Muslims worldwide that marks the end of Ramadan, the Islamic holy month offasting (sawm). The religious Eid is a single day during which Muslims are not permitted to fast. The holiday celebrates the conclusion of the 29 or 30 days of dawn-to-sunset fasting during the entire month of Ramadan. The day of Eid, therefore, falls on the first day of the month of Shawwal. The date for the start of any lunar Hijri month varies based on the observation of new moon by local religious authorities, so the exact day of celebration varies by locality. However, in most countries, it is generally celebrated on the same day as Saudi Arabia.
Eid al-Fitr has a particular Salat (Islamic prayer) consisting of two Rakats (units) and generally offered in an open field or large hall. It may be performed only in congregation (Jama’at) and, has an additional extra six Takbirs (raising of the hands to the ears while saying "Allāhu Akbar", literally "God is greatest"), three of them in the beginning of the first raka'ah and three of them just before Ruku' in the second raka'ah in the Hanafi school of Sunni Islam.[2] Other Sunni schools usually have twelve Takbirs, seven in the first, and five at the beginning of the second raka'ah. This Eid al-Fitr salat is, depending on which juristic opinion is followed, Fard (obligatory), Mustahabb (strongly recommended, just short of obligatory) or mandoob (preferable).
Muslims believe that they are commanded by Allah, as mentioned in the Quran, to continue their fast until the last day of Ramadan[3] and pay the Zakat and fitra before offering the Eid prayers.

Tuesday, 5 June 2018

Australia’s Home Prices Decline Annually For First Time in Six Years

Best Asia real estate editor's Comments: Unfortunately for many of my Australian friends prices of Australian real estate are dropping for the first time in years as I predicted last year.


Unfortunately I believe it's going to be an exponential drop with potential 5% to 10% average drop this year alone.

Major cities such as Sydney. Melbourne and Brisbane may see drops of as much is 20% on some expensive homes.

One reason for falling prices will be less demand from baby boomers .

For example, in Australia it is estimated that 25% of its 25 million population are baby boomers. 

If Bali only receives 1%, of those Boomers that is 6,250 Australian  baby boomers seeking to buy or lease a Bali home for the next five to twenty years. 

A large portion of those boomers currently living near Bali will want to retire here adding a whole new demand for Bali real estate for the next five to ten years.

PT. B.A.L.I. reveals that of the 55 Luxury villas that they manage less than 5% were occupied by Baby Boomers 13 years ago. Now over 25% are full-time retirees.


 




I will be discussing how boomers can retire in Bali and buy two or three homes for the price of what they sell their one home or apartment in major Australian cities. 

Not only can they live here but they can make money by renting out the rest of their homes while enjoying a lavish lifestyle with maids, drivers, gardeners living in a place that has clean-air. Let's not forget wonderful year-round temperatures plus friendly people with a cost of living 62% less than most average Australian major cities.

See information on my free Sydney seminars coming up at the end of June below the article.

_______________________________________
Cooling luxury markets in Melbourne and Sydney drove the downturn nationwide

BY FANG BLOCKORIGINALLY PUBLISHED ON JUNE 04, 2018|

AUSTRALIA REAL ESTATE NEWS SYDNEY MARKET REPORTS

Home Prices in Melbourne, Australia fell 1.2% in the three months leading to May, the largest quarterly decline since February 2012.

ZENG BAOYAN / EYEEM/GETTY IMAGES

A sharp downturn in the luxury markets in Melbourne and Sydney caused a major correction in Australia’s national home prices last month, according to a new report.

In May, the CoreLogic Hedonic Home Value Index fell 0.4% year-over-year to a median A$555,274 (US$424,570), marking the first negative price growth annually since October 2012, according to data released last Friday by CoreLogic, a leading market information provider.

MORE: Australian Billionaire Retailer Sells A$45M Sydney Home

It was also the eighth month in a row the index posted a month-over-month price decline since the national market peaked in September last year.

Weakening housing conditions across the eight capital cities, including Sydney and Melbourne, were mostly responsible for the price downturn at a national level, said Tim Lawless, head of research at CoreLogic.

The price index for capital cities ended May with a 1.1% decline year-over-year, while the index for other regions combined saw a 2.2% increase.
Change in Australia’s Home Prices
Region Month Quarter Annual Median Value
Sydney -0.2% -0.9% -4.2% A$871,454
Melbourne -0.5% -1.2% 2.2% A$717,020
Brisbane 0.2% 0.2% 0.9% A$494,038
Adelaide 0.5% 0.3% 0.6% A$437,234
Perth -0.1% 0.1% -1.8% A$463,319
Hobart 0.8% 3.7% 12.7% A$430,429
Darwin -0.2% 1.3% -7.9% A$434,134
Canberra -0.1% 0.8% 2.3% A$592,954
Combined Capitals -0.2% -0.6% -1.1% A$654,710
Combined Regional 0.2% 1.0% 2.2% A$365,792
National -0.1% -0.3% -0.4% A$555,274
Source: CoreLogic

In Melbourne, although home prices still grew 2.2% year-over-year, they decreased on both a monthly (-0.5%) and quarterly basis (-1.2%). The quarterly price decline is the largest since February 2012, according to the report.

The luxury segment, or the top 25% of the market in Melbourne, fell 3.3% since last September’s peak. Contrastly, the bottom 25% remained flat while the broader middle market only slipped 0.8% during the same period of time.

The price index for Sydney fell on all comparable periods, down 4.2% annually, 0.9% quarterly and 0.2% monthly.

The top 25% of the Sydney market fell 7.1% from September’s peak, compared to a 1.4% decline for the most affordable quarter of the market and a 3.3% fall for the mid-range market.

MORE: Forrest: Canberra’s Most Expensive Suburb Has Large Estates and Quiet Oak-Lined Streets

Sydney and Melbourne comprise approximately 60% of Australia’s housing market by value, “so the performance of these two cities has a larger effect on the headline market performance,” Mr. Lawless said.

Nationally, the luxury segment was also the worst performer with a 1.3% price decline over the past 12 months, making it the only segment in negative territory, according to the report.


Follow Mansion Global: Facebook | Twitter | Instagram | LinkedIn | Messenger
Write to us: info@mansionglobal.com
______________________________



Free Educational Seminars: Sydney, Auckland. 

Discover how you can retire in Bali and live in luxury with private maids for a fraction of what it cost in the west.


Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE

3. Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

4. Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM SIGN UP HERE

Seating is very limited. 


Avoid disappointment sign up now or obtain more information. 

At these seminars you will learn about:

-The Past, Present and Future of Bali and Indonesian real estate. 

-Why a recent official clarification of foreign ownership laws allows foreigners to totally control Indonesian properties for up to 80 years. 

-How to avoid legal problems and make sure a property is safe. 

-How to avoid complicated real estate laws affecting Indonesians married to foreigners. 

- How to obtain a inexpensive five year visa and renew it every five years,

-Why this is the second-best time to buy this century. 

-Where are the best locations to retire with maximum profits? 

-Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site designed after the largest most successful real estate site in America with high tech search features.

-An opportunity for a free listing on B.A.R.E. First Class Beachfront property at almost 50% discount. 

-Low cost properties with Luxury Villas starting as low as U.S. $158,000 for a three-bedroom 650 m² 3-bedroom, 4 baths with private 9 mtr. Pool.

-Ridiculously low-priced ocean view building lots starting as low as U.S. $25,000 for 500 m². 

-Ocean front property in first class complex at 50 % off 2014 prices. Brand new retirement villas starting at U.S. $195,000.

-What type of properties will offer the best retirement benefits and investment potential of *10% to 20 % per year?  

- Brand New First time offered two-bedroom, two baths 200 m2 private Bali Luxury Retirement Villas stating at $198,000.

Free Seminar Schedule:

1. Sydney: Saturday - June. 23rd. 2:00 PM - 3:45 PM SIGN UP HERE

2. Sydney: Tuesday - June. 26th 6:30 PM - 7:45 PM SIGN UP HERE

3. Auckland: Thursday - July. 19th 6:30 PM - 7:45 PM SIGN UP HERE

4. Auckland: Saturday - July. 21st 2:00 PM - 3:45 PM SIGN UP HERE


*Important Notice. Seminars are informational seminars only. No sales or orders will be taken at the seminars. The location of the Sydney and Auckland seminars will be announced after we determine the size of audience the week before the seminars.

About PT. B.A.L.I. DBA Best Asia Real Estate:


Best Asia Real Estate, (B.A.R.E) is a fully owned Division of 14 year old, extremely successful, PT Bali Affordable Lifestyles International, (PT. B.A.L.I)

They manage 135 staff including those of PT. Bali Luxury Villas.

They Buy, Sell, Lease and Manage Asian Real Estate.

The owners of PT. B.A.L.I. include a Canadian President who has lived in Bali for 21 years and has over 40 years of real estate brokerage, development and investment experience.

His partner and wife has a Masters degree in Indonesian law and is a fully licensed Notary specializing in Real Estate transactions. 





Partner, Notaris Azizah , Owner, President Lawrence 

Their 135 professional staff provide a one stop professional, efficient location for Buying, Selling, Leasing and Renting Asian Real Estate.

  
135 Staff Strong Award-Winning PT. B.A.L.I. 

They are an Eight-time Consecutive Certificate of Excellence recipient on the Worlds Largest Travel Site. This places them among the top 10 % of hotels and villas listed by Tripadvisor worldwide.

Top 2 % of Villas and Hotels listed on TripAdvisor World Wide"

They publish the daily Bali & World News & Views Blog which combined with Bali News and Views Blog has had almost 1,500,000 pageviews. They also publish the Best Asia Real Estate BlogFacebook and Twitter posts. They offer free real estate seminars throughout Asia every quarter.   
They are also one of Asia’s best-known travel and real estate investment experts. 


Head Office: Jl. Karangsari # 5, Sanur, Bali, Indonesia 80228


Tel. Office: 62-361-284069 Fax: 62-361-270143


Branch Office: Bali Paradise Beach Estates, Pantai Purnama


Mobile: or WhatsApp: English: 62-8123814014 Bahasa Indonesia: 62-8113864993 Email: lawrenceptbali@gmail.com Skype: baliagents  


*Disclaimer: All information presented above is considered true and reliable to the best of our knowledge at the time that it was published. Information and prices may change without notice. The owners of PT. BALI AFFORDABLE LIFESTYLES INTERNATIONAL doing business as BEST ASIA REAL ESTATE and PT. BALI LUXURY VILLAS accept no responsibility for incorrect information listed herein. All recommendations may lose value in the future.


Perth's four-year housing bust is nothing like what Sydney and Melbourne's property markets face

Best Asia Real Estate Editor's comments: Editor Lawrence with wife Azizah and son Darius  on Bondi Beach Sydney July 2018 Perth...