AGP Executive Report
Last update: 6 hours agoAustralia Development: The Ascott Limited has broken ground on a 97-room Oakwood apartment hotel beside Melbourne’s Flemington Racecourse, with opening planned for February 2028. Florida Property Taxes: Voters approved Amendment 3, which will expand homestead exemptions from 2027; critics warn local government revenue could fall by nearly $5 billion in the first year and $8.8 billion the next. India Investment: Prestige Estates acquired Gloind Vintage Infra for an enterprise value of ₹519 crore, gaining indirect control of its subsidiary Tarun Realtors. Housing Affordability: U.S. homeownership edged up to 65.5% in the third quarter, but remains below its 25-year average amid high mortgage costs and limited supply. Market Pressure: Australia’s latest rate rise adds strain for homebuyers and developers such as Stockland, while New Zealand home prices are down 2.3% year over year and an economist expects sluggish sales for at least 12 to 18 months.
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