06 October 2025
Why first home buyers rushed to buy Tarneit land
Richard and Regine Fuertes knew land prices were only going upwards, so when the chance came to buy in Tarneit, they grabbed it.
“We could see the way land prices were moving,” Mr Fuertes said.
“We realised that by next year, property values were only going to keep rising. When this opportunity came up, we didn’t want to wait. It feels like the right decision for our future.”
For the couple from Melbourne’s west, the purchase marks their very first step into the property market.
They had never seriously looked before, but when the federal government announced it was adjusting the First Home Guarantee, Mr Fuertes said timing was suddenly working in their favour.
“Honestly, this was our very first attempt at buying, we hadn’t been through the process before,” he said.
“But we were fortunate, the government changed the scheme at just the right time, and it made all the difference. We feel blessed and excited it’s worked out.”
The Fuertes family also knew they didn’t want to compromise on location.
While some buyers are being pushed further out to the city fringe, they were determined to stay close to the people and places that mattered most to their family.
“We didn’t want to move away,” Mr Fuertes said.
“This is where our life is, and it made sense to stay.”
But Mr Fuertes said the smaller block didn’t faze him.
“For me, the size doesn’t matter too much,” he said.
“What mattered most was having a home we could call our own. That was the dream, and now it’s happening.”
With sales volumes surging and developers winding back incentives, experts warn prices could climb again by early 2026 which Mr Fuertes said added to the urgency of making their move now.
“It’s such a relief,” he said.
“We’re very excited, it feels like a new beginning, and we can’t wait to start building memories in our own home.”
https://www.realestate.com.au/news/why-first-home-buyers-rushed-to-buy-tarneit-land/
“We could see the way land prices were moving,” Mr Fuertes said.
“We realised that by next year, property values were only going to keep rising. When this opportunity came up, we didn’t want to wait. It feels like the right decision for our future.”
For the couple from Melbourne’s west, the purchase marks their very first step into the property market.
They had never seriously looked before, but when the federal government announced it was adjusting the First Home Guarantee, Mr Fuertes said timing was suddenly working in their favour.
“Honestly, this was our very first attempt at buying, we hadn’t been through the process before,” he said.
“But we were fortunate, the government changed the scheme at just the right time, and it made all the difference. We feel blessed and excited it’s worked out.”
The Fuertes family also knew they didn’t want to compromise on location.
While some buyers are being pushed further out to the city fringe, they were determined to stay close to the people and places that mattered most to their family.
“We didn’t want to move away,” Mr Fuertes said.
“This is where our life is, and it made sense to stay.”
But Mr Fuertes said the smaller block didn’t faze him.
“For me, the size doesn’t matter too much,” he said.
“What mattered most was having a home we could call our own. That was the dream, and now it’s happening.”
With sales volumes surging and developers winding back incentives, experts warn prices could climb again by early 2026 which Mr Fuertes said added to the urgency of making their move now.
“It’s such a relief,” he said.
“We’re very excited, it feels like a new beginning, and we can’t wait to start building memories in our own home.”
https://www.realestate.com.au/news/why-first-home-buyers-rushed-to-buy-tarneit-land/
14 September 2025
Residential Property Market Begins to Recover, Here's the Evidence
JAKARTA - The residential property market in Indonesia is showing signs of a more stable recovery after a challenging period.
The Savills Asia Pacific Real Estate Investment Q2 2025 report notes that the Indonesian property market is beginning to find a balance, although the recovery is still gradual.
Consistently, the Property Outlook 2025 survey by Knight Frank Indonesia, released in early 2025, shows business optimism regarding growth in the residential sector, particularly in the landed housing segment.
The latest data from Bank Indonesia supports this trend, with the Residential Property Price Index (IHPP) in the second quarter of 2025 increasing slightly to 110.13 points from 109.93 points in the previous quarter.
This moderate increase indicates that the market is beginning to stabilize, with purchasing power gradually recovering.
"We are optimistic that the presence of this new unit will further strengthen our position in the Indonesian residential property market. With complete facilities, a strategic location, and the support of banking partners, Gavril will be the right choice for people seeking an ideal home in a developing area," said Alfian Gani, General Manager of Sales & Marketing at Qualitas Qunci Makmur, in Jakarta on Sunday (September 14, 2025).
With these conditions and increasingly conducive macroeconomic trends, the Gavril project is believed to strengthen optimism in the national property sector. This residential project is proof that the property industry remains resilient, adaptive, and capable of making a real contribution to Indonesia's economic growth.
"This is the answer to the needs of young families who want modern, move-in-ready homes in areas with high accessibility," said Benoit Giroux, Director of Premier Qualitas Indonesia.
https://economy.okezone.com/read/2025/09/14/470/3169880/pasar-properti-hunian-mulai-pulih-ini-buktinya?page=2
The Savills Asia Pacific Real Estate Investment Q2 2025 report notes that the Indonesian property market is beginning to find a balance, although the recovery is still gradual.
Consistently, the Property Outlook 2025 survey by Knight Frank Indonesia, released in early 2025, shows business optimism regarding growth in the residential sector, particularly in the landed housing segment.
The latest data from Bank Indonesia supports this trend, with the Residential Property Price Index (IHPP) in the second quarter of 2025 increasing slightly to 110.13 points from 109.93 points in the previous quarter.
This moderate increase indicates that the market is beginning to stabilize, with purchasing power gradually recovering.
"We are optimistic that the presence of this new unit will further strengthen our position in the Indonesian residential property market. With complete facilities, a strategic location, and the support of banking partners, Gavril will be the right choice for people seeking an ideal home in a developing area," said Alfian Gani, General Manager of Sales & Marketing at Qualitas Qunci Makmur, in Jakarta on Sunday (September 14, 2025).
With these conditions and increasingly conducive macroeconomic trends, the Gavril project is believed to strengthen optimism in the national property sector. This residential project is proof that the property industry remains resilient, adaptive, and capable of making a real contribution to Indonesia's economic growth.
"This is the answer to the needs of young families who want modern, move-in-ready homes in areas with high accessibility," said Benoit Giroux, Director of Premier Qualitas Indonesia.
https://economy.okezone.com/read/2025/09/14/470/3169880/pasar-properti-hunian-mulai-pulih-ini-buktinya?page=2
14 August 2025
Chinese investors suddenly flocked to Indonesia, what happened?
Jakarta, CNBC Indonesia - A wave of Chinese investors has begun flooding into Indonesia to avoid high United States (US) tariffs and target the large domestic market. This movement has driven industrial property prices in the country up by 25% and revitalized industrial areas in West Java.
Gao Xiaoyu, founder of industrial land consultant PT Yard Zeal Indonesia, said his office has been inundated with inquiries from Chinese companies looking to expand or relocate operations to Indonesia. This surge occurred after the US imposed import tariffs of more than 30% on goods from China, while the tariff for Indonesia is only 19%.
"We've been quite busy lately. We've been in meetings from morning to night. The industrial areas are also very busy," Gao said, as quoted by Reuters on Thursday (August 14, 2025). Gao founded his company in 2021 with four employees and has now grown to more than 40.
Indonesia is a target because, in addition to lower tariffs, it is Southeast Asia's largest economy with a massive consumer market potential. Government data shows that Indonesia's economic growth reached 5.12% in the second quarter of 2025, the highest in the past two years.
"If you can establish a strong business presence in Indonesia, you've essentially captured half of the Southeast Asian market," said Zhang Chao, a Chinese motorcycle headlight manufacturer currently operating in Indonesia.
Mira Arifin, Bank of America's Country Director for Indonesia, cited the young demographic and large workforce as key attractions.
"Indonesia has a large talent pool with a dynamic young demographic that encourages foreign investors to quickly scale up in the country," he explained.
Investment from China and Hong Kong to Indonesia increased by 6.5% year-on-year (yoy) to US.2 billion in the first half of 2025. Total Foreign Direct Investment (FDI) grew by 2.58% to Rp 432.6 trillion, and the government is optimistic that investment flows will increase in the second half of this year.
However, challenges remain, ranging from complicated bureaucracy, inadequate infrastructure, and the lack of a complete industrial supply chain like in China. Some investors are also wary of President Prabowo Subianto's populist fiscal policies, including free meal programs for schoolchildren and pregnant women.
However, industrial areas in West Java, such as Subang Smartpolitan, are experiencing a surge in demand. Abednego Purnomo, Vice President of Sales, Marketing, and Tenant Relations at Suryacipta Swadaya, said that "our phone, email, and WeChat accounts were immediately flooded with new customers after the US-Indonesia tariff deal was announced last month. Coincidentally, they were all from China."
Meanwhile, Rivan Munansa, Head of Industrial and Logistics Services at Colliers International Indonesia, said that inquiries into industrial land from Chinese companies are occurring "almost daily."
"Most are looking for ready-to-use facilities, such as express programs," he said.
This high interest has caused industrial and warehouse property prices in Indonesia to surge 15-25% year-on-year in the first quarter of 2025, the fastest increase in 20 years. Zhang Chao himself felt the impact when renting a new building in Jakarta at a rate 43% higher than last year.
"In Indonesia, it's relatively easy to achieve a net profit margin of 20%-30%, while in China it's only around 3%," Zhang said.
Furthermore, Marco Foster, ASEAN Director at Dezan Shira & Associates, cited Indonesia's key added value as a key factor in the domestic consumer market. "In addition to supply chain diversification, Indonesia offers something few other countries in the region have: a large domestic market," he said.
https://www.cnbcindonesia.com/news/20250814130717-4-657941/investor-china-mendadak-ramai-ramai-serbu-ri-apa-yang-terjadi
Gao Xiaoyu, founder of industrial land consultant PT Yard Zeal Indonesia, said his office has been inundated with inquiries from Chinese companies looking to expand or relocate operations to Indonesia. This surge occurred after the US imposed import tariffs of more than 30% on goods from China, while the tariff for Indonesia is only 19%.
"We've been quite busy lately. We've been in meetings from morning to night. The industrial areas are also very busy," Gao said, as quoted by Reuters on Thursday (August 14, 2025). Gao founded his company in 2021 with four employees and has now grown to more than 40.
Indonesia is a target because, in addition to lower tariffs, it is Southeast Asia's largest economy with a massive consumer market potential. Government data shows that Indonesia's economic growth reached 5.12% in the second quarter of 2025, the highest in the past two years.
"If you can establish a strong business presence in Indonesia, you've essentially captured half of the Southeast Asian market," said Zhang Chao, a Chinese motorcycle headlight manufacturer currently operating in Indonesia.
Mira Arifin, Bank of America's Country Director for Indonesia, cited the young demographic and large workforce as key attractions.
"Indonesia has a large talent pool with a dynamic young demographic that encourages foreign investors to quickly scale up in the country," he explained.
Investment from China and Hong Kong to Indonesia increased by 6.5% year-on-year (yoy) to US.2 billion in the first half of 2025. Total Foreign Direct Investment (FDI) grew by 2.58% to Rp 432.6 trillion, and the government is optimistic that investment flows will increase in the second half of this year.
However, challenges remain, ranging from complicated bureaucracy, inadequate infrastructure, and the lack of a complete industrial supply chain like in China. Some investors are also wary of President Prabowo Subianto's populist fiscal policies, including free meal programs for schoolchildren and pregnant women.
However, industrial areas in West Java, such as Subang Smartpolitan, are experiencing a surge in demand. Abednego Purnomo, Vice President of Sales, Marketing, and Tenant Relations at Suryacipta Swadaya, said that "our phone, email, and WeChat accounts were immediately flooded with new customers after the US-Indonesia tariff deal was announced last month. Coincidentally, they were all from China."
Meanwhile, Rivan Munansa, Head of Industrial and Logistics Services at Colliers International Indonesia, said that inquiries into industrial land from Chinese companies are occurring "almost daily."
"Most are looking for ready-to-use facilities, such as express programs," he said.
This high interest has caused industrial and warehouse property prices in Indonesia to surge 15-25% year-on-year in the first quarter of 2025, the fastest increase in 20 years. Zhang Chao himself felt the impact when renting a new building in Jakarta at a rate 43% higher than last year.
"In Indonesia, it's relatively easy to achieve a net profit margin of 20%-30%, while in China it's only around 3%," Zhang said.
Furthermore, Marco Foster, ASEAN Director at Dezan Shira & Associates, cited Indonesia's key added value as a key factor in the domestic consumer market. "In addition to supply chain diversification, Indonesia offers something few other countries in the region have: a large domestic market," he said.
https://www.cnbcindonesia.com/news/20250814130717-4-657941/investor-china-mendadak-ramai-ramai-serbu-ri-apa-yang-terjadi
10 July 2025
Jakarta Goes Global, Autograph Tower Officially Becomes the Tallest Building in the Southern Hemisphere
KOMPAS.com – The Jakarta skyline is adorned with a new icon that has made history.
The Autograph Tower, Superblock Thamrin Nine, Central Jakarta, was officially named the Tallest Building in the Southern Hemisphere and the World's Highest Outdoor Swimming Pool by the Council on Tall Buildings and Urban Habitat (CTBUH).
This monumental achievement was celebrated at a grand inauguration ceremony on Wednesday, July 9, 2025, organized in collaboration with CTBUH.
At 382.9 meters tall, the Autograph Tower now stands proudly as the tallest building in the Southern Hemisphere, surpassing the previous record held by the Q1 Tower in Australia.
But that's not all, the Autograph Tower's uniqueness is further emphasized by the presence of an outdoor swimming pool at 326.3 meters above ground level, making it the highest outdoor swimming pool in the world.
This award is not just a recognition of construction excellence, but also a symbol that brings Jakarta to the global stage.
Autograph Tower represents bold innovation and a world-class urban experience now available in Indonesia's capital city.
International Authority
The CTBUH, as the awarding authority, is a leading international authority on skyscrapers and sustainable urban design.
The CTBUH signage indicates that a building has been recognized for its excellence in design, construction, and contribution to the development of vertical urbanization.
The Autograph Tower signage will be installed in the building's main lobby, permanently signifying its status as the Tallest Building in the Southern Hemisphere and home to the World's Highest Outdoor Swimming Pool.
This recognition from the CTBUH is not only a source of pride but also places Jakarta on the global architectural radar, strengthening the city's appeal as a destination for investment, business, and tourism.
The Autograph Tower, strategically located in the heart of the capital, marks Indonesia's rapid progress in the world-class property industry.
This is not only an engineering feat, but also a symbol of Indonesia's ambition to become a leader in high-performance, human-centered urban environments.
Through this historic moment, Thamrin Nine not only demonstrates Indonesia's capacity to deliver supertall buildings but also paves the way for the birth of more iconic projects that can have a positive impact on society, the environment, and the future of Indonesian cities.
Iconic Superblock in Central Jakarta
As an integral part of the iconic Thamrin Nine superblock area in downtown Jakarta, Autograph Tower is the pinnacle of a new standard in integrated urban living and lifestyle.
The Thamrin Nine complex includes a variety of premium facilities, including two Grade-A office towers: Autograph Tower and Luminary Tower, luxury residences: Le Parc, the Agora retail and culinary district, and five-star hotels: Pan Pacific Jakarta and Parkroyal Hotel & Serviced Suites Jakarta.
Furthermore, Thamrin Nine is also home to Indonesia's highest observatory, UP at Thamrin Nine, which offers panoramic views of the city.
https://www.kompas.com/properti/read/2025/07/10/000409621/jakarta-mendunia-autograph-tower-officially-becomes-the-tallest-building-in-the-south
The Autograph Tower, Superblock Thamrin Nine, Central Jakarta, was officially named the Tallest Building in the Southern Hemisphere and the World's Highest Outdoor Swimming Pool by the Council on Tall Buildings and Urban Habitat (CTBUH).
This monumental achievement was celebrated at a grand inauguration ceremony on Wednesday, July 9, 2025, organized in collaboration with CTBUH.
At 382.9 meters tall, the Autograph Tower now stands proudly as the tallest building in the Southern Hemisphere, surpassing the previous record held by the Q1 Tower in Australia.
But that's not all, the Autograph Tower's uniqueness is further emphasized by the presence of an outdoor swimming pool at 326.3 meters above ground level, making it the highest outdoor swimming pool in the world.
This award is not just a recognition of construction excellence, but also a symbol that brings Jakarta to the global stage.
Autograph Tower represents bold innovation and a world-class urban experience now available in Indonesia's capital city.
International Authority
The CTBUH, as the awarding authority, is a leading international authority on skyscrapers and sustainable urban design.
The CTBUH signage indicates that a building has been recognized for its excellence in design, construction, and contribution to the development of vertical urbanization.
The Autograph Tower signage will be installed in the building's main lobby, permanently signifying its status as the Tallest Building in the Southern Hemisphere and home to the World's Highest Outdoor Swimming Pool.
This recognition from the CTBUH is not only a source of pride but also places Jakarta on the global architectural radar, strengthening the city's appeal as a destination for investment, business, and tourism.
The Autograph Tower, strategically located in the heart of the capital, marks Indonesia's rapid progress in the world-class property industry.
This is not only an engineering feat, but also a symbol of Indonesia's ambition to become a leader in high-performance, human-centered urban environments.
Through this historic moment, Thamrin Nine not only demonstrates Indonesia's capacity to deliver supertall buildings but also paves the way for the birth of more iconic projects that can have a positive impact on society, the environment, and the future of Indonesian cities.
Iconic Superblock in Central Jakarta
As an integral part of the iconic Thamrin Nine superblock area in downtown Jakarta, Autograph Tower is the pinnacle of a new standard in integrated urban living and lifestyle.
The Thamrin Nine complex includes a variety of premium facilities, including two Grade-A office towers: Autograph Tower and Luminary Tower, luxury residences: Le Parc, the Agora retail and culinary district, and five-star hotels: Pan Pacific Jakarta and Parkroyal Hotel & Serviced Suites Jakarta.
Furthermore, Thamrin Nine is also home to Indonesia's highest observatory, UP at Thamrin Nine, which offers panoramic views of the city.
https://www.kompas.com/properti/read/2025/07/10/000409621/jakarta-mendunia-autograph-tower-officially-becomes-the-tallest-building-in-the-south
14 June 2025
Sydney is racing to build more homes as housing prices soar. But where is the land?
SYDNEY – Australia’s most populous and least affordable city Sydney has a problem: It desperately needs more housing but is struggling to find a large parcel of empty land on which to build it.
The city of 5.6 million people has a growing population and spiralling property and rental prices that have made it one of the world’s least affordable cities.
But the authorities want to end the urban expansion into undeveloped or greenfield sites in the outer fringes, which has resulted in remote suburbs that are as far as 80km from the city centre and that often lack adequate services.
Instead, local and state governments have been looking for large, open or convertible spaces within existing urban areas.
Like Singapore, which will develop new housing precincts at Bukit Timah Turf City and the former Keppel Golf Course, Sydney planners have been on the lookout for available parcels that could be redeveloped. Turf City is set to have 15,000 to 20,000 public and private homes over the next 20 to 30 years, while the Keppel site will have about 9,000 homes.
But the authorities in Sydney, capital of New South Wales state, are struggling to find similar sites.
The New South Wales government proposed converting a racecourse, called Rosehill Gardens, into a “mini-city” of 25,000 new homes and a train station. The 140-year-old racecourse spans 57ha of prime real estate, about 25km west of the city centre.
The government offered A billion (S.2 billion) – about 128 times the value of the land – to buy the racecourse from the Australian Turf Club, which owns and operates it. But the club’s members voted against the proposal on May 27 in a 56 to 44 per cent ballot, due to a sentimental attachment to the racecourse and concerns that its loss would damage the city’s racing industry.
The government is now searching for a Plan B to try to meet its target of building 75,000 new homes a year, to keep up with population growth and improve affordability. Various proposals have emerged, including the site of the 2000 Olympics, an inner city port and a dilapidated former main road.
To continue reading, please go to link below:
https://www.straitstimes.com/asia/australianz/sydney-is-racing-to-build-more-homes-as-housing-prices-soar-but-where-is-the-land
The city of 5.6 million people has a growing population and spiralling property and rental prices that have made it one of the world’s least affordable cities.
But the authorities want to end the urban expansion into undeveloped or greenfield sites in the outer fringes, which has resulted in remote suburbs that are as far as 80km from the city centre and that often lack adequate services.
Instead, local and state governments have been looking for large, open or convertible spaces within existing urban areas.
Like Singapore, which will develop new housing precincts at Bukit Timah Turf City and the former Keppel Golf Course, Sydney planners have been on the lookout for available parcels that could be redeveloped. Turf City is set to have 15,000 to 20,000 public and private homes over the next 20 to 30 years, while the Keppel site will have about 9,000 homes.
But the authorities in Sydney, capital of New South Wales state, are struggling to find similar sites.
The New South Wales government proposed converting a racecourse, called Rosehill Gardens, into a “mini-city” of 25,000 new homes and a train station. The 140-year-old racecourse spans 57ha of prime real estate, about 25km west of the city centre.
The government offered A billion (S.2 billion) – about 128 times the value of the land – to buy the racecourse from the Australian Turf Club, which owns and operates it. But the club’s members voted against the proposal on May 27 in a 56 to 44 per cent ballot, due to a sentimental attachment to the racecourse and concerns that its loss would damage the city’s racing industry.
The government is now searching for a Plan B to try to meet its target of building 75,000 new homes a year, to keep up with population growth and improve affordability. Various proposals have emerged, including the site of the 2000 Olympics, an inner city port and a dilapidated former main road.
To continue reading, please go to link below:
https://www.straitstimes.com/asia/australianz/sydney-is-racing-to-build-more-homes-as-housing-prices-soar-but-where-is-the-land
01 May 2025
Challenges and Opportunities for the Property Sector Amid Trump's Tariff Policy
KOMPAS.com - The import tariff policy imposed by United States (US) President Donald Trump for Indonesia will indirectly affect the property sector.
According to Knight Frank Indonesia, this is because the Indonesian property market is currently dominated by the domestic market, while foreign investment flows in the property sector are dominated by Asian countries.
However, the property sector needs to remain vigilant, this is because the property sector is quite sensitive to fluctuations in interest rates, inflation, and economic growth.
In addition, the property sector in the high-end segment is predicted to be quite affected because some of its construction materials come from imports. However, this is actually an opportunity to find replacement construction materials from the local industry.
Country Head of Knight Frank Indonesia, Willson Kalip said that business relocation to Indonesia is expected to increase gradually in 2025-2026, supported by government steps to increase investment competitiveness and the readiness of new industrial areas.
Meanwhile, the Indonesian property sector is generally estimated to be relatively safe from the direct impact of Trump's tariffs, although the domino effect of the policy is expected to affect the property market for a certain period of time until the market finds a new equilibrium point.
"Amid the current market instability, careful monitoring of the situation and readiness to mitigate the turmoil in the next few months are crucial," said Wilson Kalip in a press release, Wednesday (4/30/2025).
The government needs to be aware of the challenges faced, while preparing instruments to realize the opportunities that are open.
The investment climate and business licensing need to be considered, so that they do not become obstacles in efforts to accelerate industrial relocation. Here are some of the challenges and opportunities that the property sector is expected to face from Trump's tariff policy:
To continue reading, please visit the link below:
https://www.kompas.com/properti/read/2025/05/01/050000321/tantangan-dan-peluang-sektor-properti-di-tengah-kebijakan-tarif-trump?page=all#page2
According to Knight Frank Indonesia, this is because the Indonesian property market is currently dominated by the domestic market, while foreign investment flows in the property sector are dominated by Asian countries.
However, the property sector needs to remain vigilant, this is because the property sector is quite sensitive to fluctuations in interest rates, inflation, and economic growth.
In addition, the property sector in the high-end segment is predicted to be quite affected because some of its construction materials come from imports. However, this is actually an opportunity to find replacement construction materials from the local industry.
Country Head of Knight Frank Indonesia, Willson Kalip said that business relocation to Indonesia is expected to increase gradually in 2025-2026, supported by government steps to increase investment competitiveness and the readiness of new industrial areas.
Meanwhile, the Indonesian property sector is generally estimated to be relatively safe from the direct impact of Trump's tariffs, although the domino effect of the policy is expected to affect the property market for a certain period of time until the market finds a new equilibrium point.
"Amid the current market instability, careful monitoring of the situation and readiness to mitigate the turmoil in the next few months are crucial," said Wilson Kalip in a press release, Wednesday (4/30/2025).
The government needs to be aware of the challenges faced, while preparing instruments to realize the opportunities that are open.
The investment climate and business licensing need to be considered, so that they do not become obstacles in efforts to accelerate industrial relocation. Here are some of the challenges and opportunities that the property sector is expected to face from Trump's tariff policy:
To continue reading, please visit the link below:
https://www.kompas.com/properti/read/2025/05/01/050000321/tantangan-dan-peluang-sektor-properti-di-tengah-kebijakan-tarif-trump?page=all#page2
03 April 2025
‘Breaking point’: Melbourne rents hit record highs – again
Melbourne’s median asking rent for a unit has risen by a week over the past year, putting more pressure on tenants already reeling from almost four years of rent hikes.
The asking rent for a typical unit is now 5 per week, 4.5 per cent more than it was a year ago, Domain’s latest Rent Report for the March quarter shows.
The median house rent is a week higher than a year ago at 0 per week, although in a glimmer of hope for tenants, house rents stabilised over the past three months.
Melbourne rents reached their trough in winter 2021 when COVID lockdown delayed young adults from moving out of home, blocked international students and made it harder for landlords to ask for more money, given some tenants’ reduced incomes.
Back then, the typical unit could be rented for 0 a week, and the median house for 0, enabling some households to turn spare bedrooms into home offices.
Since the city reopened, rents have soared, first at a double-digit annual pace and then more slowly as renters adjusted by taking on more housemates or moving back home.
To view more, please go to link below:
https://www.theage.com.au/property/news/breaking-point-melbourne-rents-hit-record-highs-again-20250401-p5loc1.html
The asking rent for a typical unit is now 5 per week, 4.5 per cent more than it was a year ago, Domain’s latest Rent Report for the March quarter shows.
The median house rent is a week higher than a year ago at 0 per week, although in a glimmer of hope for tenants, house rents stabilised over the past three months.
Melbourne rents reached their trough in winter 2021 when COVID lockdown delayed young adults from moving out of home, blocked international students and made it harder for landlords to ask for more money, given some tenants’ reduced incomes.
Back then, the typical unit could be rented for 0 a week, and the median house for 0, enabling some households to turn spare bedrooms into home offices.
Since the city reopened, rents have soared, first at a double-digit annual pace and then more slowly as renters adjusted by taking on more housemates or moving back home.
To view more, please go to link below:
https://www.theage.com.au/property/news/breaking-point-melbourne-rents-hit-record-highs-again-20250401-p5loc1.html
13 March 2025
Meet the Aussies building and buying in booming Bali
They are the Aussies riding the post-Covid property wave all the way to Bali, cashing in on cheaper construction costs, better returns, and a highly Instagrammable location.
Australia’s high interest rates and house prices have driven a host of homeowners and property developers to the booming international travel destination in recent years, with rice paddy fields making way for apartment blocks.
Former top DJ and Melbourne nightclub operator Simon Digby sold his waterfront Mornington Peninsula holiday home just last month as he watched the auction from Indonesian party island.
After years spinning the decks at raves and on tours alongside the likes of Armand Van Helden, Jeff Mills and Adam Beyer, Digby has pulled up stumps in Australia and relocated to Bali, where he is spearheading the development of luxury resort, Further Hotel in Pererenan, near Canggu.
He follows in the footsteps of the founder of creative design agency, Peppa Hart, Sophie Bell and her husband, Michael, who sold their Tweed Heads house in 2022 to move to Bali, where they have built a luxury accommodation offering called Casa La Playa.
Gold Coast designer Emma Sweeny, who runs Project E, took her creative prowess from Burleigh to Bali after the whirlwind renovation and sale of Ruin X — an all-rendered house in Burleigh Heads that attracted national headlines for its quirkiness.
Ms Sweeny, with two business partners, is building four luxury three-storey villas in Bali’s Padang Hills, complete with their own pools and rooftop terraces, and has just bought more land for future development.
“I knew I could do so much more in Bali with the building prices being cheaper than in Australia, so I jumped on the bandwagon and haven’t looked back since,” she said.
“It is becoming such a hot spot and the construction and development world is booming.”
With foreigners largely barred from buying land in Bali, villas sell as long-term leases, usually between 25 and 50 years, with the land returning to an Indonesian owner at the end — albeit with units on it.
A building boom is seeing many farmers sell or lease their land for villas to accommodate the new wave of tree changers and digital nomads from abroad.
Real Estate Institute of Australia president Leanne Pilkington last year purchased a 0,000 leasehold on a four-bedroom Bali villa that’s under construction.
The leasehold means she will be permitted to reside or visit across a 26-year period.
“We always joked about retiring to Bali and I said that I didn’t want to live there permanently, but would be happy to live there for a few months of every year,” Ms Pilkington said.
Gold Coast building designer Jayson Pate has several clients who are building in Bali.
“With land and construction costs being so incredibly high, it’s probably pushing some people to look to invest elsewhere,” he said.
“There are now enough Aussies there getting land in Bali that it’s giving other Aussies comfort that they can do it too.
“Other reasons people are looking into doing it is the incredible return on investment.”
But he said it wasn’t without risk.
“I think it is becoming safer to invest there but it is still high risk compared to here (in Australia).”
Rae Underhill and Adriel Lack are behind luxury residential design firm Raven and Lack, with Bali the latest project destination for the business owners.
“For us it’s all about lifestyle — it’s such an easy flight and we are drawn to Bali’s natural beauty, vibrant culture, and relaxed lifestyle, making it super appealing to own property,” Ms Underhill said.
“We think the trend for Aussies developing in Bali is definitely set to continue — its proximity, climate, beaches, and cultural appeal will always remain of great interest.
“Then overlaid with high levels of design and luxury offerings which are then in turn delivering impressive ROI (return on investments), the lifestyle and investment opportunity combination becomes particularly compelling.”
Ms Lack said property development costs were often lower in Bali compared to Australia, making it an attractive option for those seeking affordable investments.
“Plus investing in Bali property can be a way to diversify a real estate portfolio and reduce risk,” Ms Lack said.
https://www.realestate.com.au/news/meet-the-aussies-building-and-buying-in-booming-bali/
Australia’s high interest rates and house prices have driven a host of homeowners and property developers to the booming international travel destination in recent years, with rice paddy fields making way for apartment blocks.
Former top DJ and Melbourne nightclub operator Simon Digby sold his waterfront Mornington Peninsula holiday home just last month as he watched the auction from Indonesian party island.
After years spinning the decks at raves and on tours alongside the likes of Armand Van Helden, Jeff Mills and Adam Beyer, Digby has pulled up stumps in Australia and relocated to Bali, where he is spearheading the development of luxury resort, Further Hotel in Pererenan, near Canggu.
He follows in the footsteps of the founder of creative design agency, Peppa Hart, Sophie Bell and her husband, Michael, who sold their Tweed Heads house in 2022 to move to Bali, where they have built a luxury accommodation offering called Casa La Playa.
Gold Coast designer Emma Sweeny, who runs Project E, took her creative prowess from Burleigh to Bali after the whirlwind renovation and sale of Ruin X — an all-rendered house in Burleigh Heads that attracted national headlines for its quirkiness.
Ms Sweeny, with two business partners, is building four luxury three-storey villas in Bali’s Padang Hills, complete with their own pools and rooftop terraces, and has just bought more land for future development.
“I knew I could do so much more in Bali with the building prices being cheaper than in Australia, so I jumped on the bandwagon and haven’t looked back since,” she said.
“It is becoming such a hot spot and the construction and development world is booming.”
With foreigners largely barred from buying land in Bali, villas sell as long-term leases, usually between 25 and 50 years, with the land returning to an Indonesian owner at the end — albeit with units on it.
A building boom is seeing many farmers sell or lease their land for villas to accommodate the new wave of tree changers and digital nomads from abroad.
Real Estate Institute of Australia president Leanne Pilkington last year purchased a 0,000 leasehold on a four-bedroom Bali villa that’s under construction.
The leasehold means she will be permitted to reside or visit across a 26-year period.
“We always joked about retiring to Bali and I said that I didn’t want to live there permanently, but would be happy to live there for a few months of every year,” Ms Pilkington said.
Gold Coast building designer Jayson Pate has several clients who are building in Bali.
“With land and construction costs being so incredibly high, it’s probably pushing some people to look to invest elsewhere,” he said.
“There are now enough Aussies there getting land in Bali that it’s giving other Aussies comfort that they can do it too.
“Other reasons people are looking into doing it is the incredible return on investment.”
But he said it wasn’t without risk.
“I think it is becoming safer to invest there but it is still high risk compared to here (in Australia).”
Rae Underhill and Adriel Lack are behind luxury residential design firm Raven and Lack, with Bali the latest project destination for the business owners.
“For us it’s all about lifestyle — it’s such an easy flight and we are drawn to Bali’s natural beauty, vibrant culture, and relaxed lifestyle, making it super appealing to own property,” Ms Underhill said.
“We think the trend for Aussies developing in Bali is definitely set to continue — its proximity, climate, beaches, and cultural appeal will always remain of great interest.
“Then overlaid with high levels of design and luxury offerings which are then in turn delivering impressive ROI (return on investments), the lifestyle and investment opportunity combination becomes particularly compelling.”
Ms Lack said property development costs were often lower in Bali compared to Australia, making it an attractive option for those seeking affordable investments.
“Plus investing in Bali property can be a way to diversify a real estate portfolio and reduce risk,” Ms Lack said.
https://www.realestate.com.au/news/meet-the-aussies-building-and-buying-in-booming-bali/
11 February 2025
Broker Gives Warning: Take These 3 Steps Before Buying Property
Jakarta, CNBC Indonesia - The case of house demolitions despite having ownership certificates (SHM) that occurred in Cluster Setia Mekar Residence 2, Tambun Selatan, Bekasi has recently attracted attention. So how can one avoid becoming a victim of a similar case?
The Chairman of the Indonesian Real Estate Broker Association (Arebi), Clement Francis, gives tips for the public who want to buy property with secure legality. First, ensure that the legal validity or legality is complete, then check the track record of disputes.
Ask the certified property agent, ask if there are any issues in this area? Second, check the surroundings for any past disputes, because a big fire starts from a small flame; it will be revealed when there is already a fire but it is still being covered up. Third, check with government agencies because they know the area, who issued the permits, was it the government?" said Clement to CNBC Indonesia, quoted Tuesday (11/2/2025).
The government is reportedly going to require property agent certification. That obligation will be included in the revision of PP 5 of 2021 concerning the Implementation of Risk-Based Business Licensing. Property agents or Property Brokerage Companies (P4) will be upgraded from low risk to medium to high risk.
"Broker should be asked, which office are you affiliated with?" That means there is a legal entity, it's better to find a real estate agent who has a legal entity, right? It's easy to track down in case of fraud and such, rather than a corporation, where would you look for them? "If anything happens, there is a legal entity," said Clement.
"If a random person is to be searched for, where would you look?" Indonesia has 270 million people; if they are registered, there will be data records for those who are registered. Property agents look for certified ones, not motorcycle taxi drivers who may or may not understand," he continued.
People who buy property assets must also ensure that all processes run smoothly, for example, by confirming with the Land Deed Official (PPAT).
"First, the agent checks, then the legal standing of the PPAT or notary. For a land sale transaction to occur, there is a broker, then an agreement, and it goes to the PPAT, who checks with the BPN. So, it ultimately goes to the government, and the BPN issues the certificate," said Clement.
https://www.cnbcindonesia.com/news/20250211123933-4-609702/broker-kasih-peringatan-lakukan-3-langkah-ini-sebelum-beli-properti
The Chairman of the Indonesian Real Estate Broker Association (Arebi), Clement Francis, gives tips for the public who want to buy property with secure legality. First, ensure that the legal validity or legality is complete, then check the track record of disputes.
Ask the certified property agent, ask if there are any issues in this area? Second, check the surroundings for any past disputes, because a big fire starts from a small flame; it will be revealed when there is already a fire but it is still being covered up. Third, check with government agencies because they know the area, who issued the permits, was it the government?" said Clement to CNBC Indonesia, quoted Tuesday (11/2/2025).
The government is reportedly going to require property agent certification. That obligation will be included in the revision of PP 5 of 2021 concerning the Implementation of Risk-Based Business Licensing. Property agents or Property Brokerage Companies (P4) will be upgraded from low risk to medium to high risk.
"Broker should be asked, which office are you affiliated with?" That means there is a legal entity, it's better to find a real estate agent who has a legal entity, right? It's easy to track down in case of fraud and such, rather than a corporation, where would you look for them? "If anything happens, there is a legal entity," said Clement.
"If a random person is to be searched for, where would you look?" Indonesia has 270 million people; if they are registered, there will be data records for those who are registered. Property agents look for certified ones, not motorcycle taxi drivers who may or may not understand," he continued.
People who buy property assets must also ensure that all processes run smoothly, for example, by confirming with the Land Deed Official (PPAT).
"First, the agent checks, then the legal standing of the PPAT or notary. For a land sale transaction to occur, there is a broker, then an agreement, and it goes to the PPAT, who checks with the BPN. So, it ultimately goes to the government, and the BPN issues the certificate," said Clement.
https://www.cnbcindonesia.com/news/20250211123933-4-609702/broker-kasih-peringatan-lakukan-3-langkah-ini-sebelum-beli-properti