Ray White Group Returns Auctions to National Spotlight with Record Result
A 250 person strong crowd witnessed the record sale of an Australian hotel by auction, when the Asia Pacific Director of Hotels Andrew Jolliffe sold the Tennyson Hotel to Justin Hemmes yesterday for $37.05m.
By the numbers: Capital city residential property wrap up
An ASX long term investment report has revealed that property was the best performing asset class in Australia for the entire decade prior to 2016 (returning 8 per cent per year on average).
Following a recent National EOI campaign, Queensland's largest hotel, The Acacia Ridge in Brisbane's South West, has been sold to a Sydney based fund amidst a national backdrop of record breaking hotel transactions.