Saturday, November 22, 2008

What is in store for Brisbane Apartments?

"Matusik notes Brisbane respondents are more optimistic than property professionals on the Gold and Sunshine coasts. In turn, Gold Coasters are more bullish about a recovery in 2009 than those on the Sunshine Coast, where about half of the respondents think sales will continue to fall in the new year. Matusik says about 30 per cent of those surveyed think an inner-city pad in Brisbane will be the best residential investment."

The Australian, 22 November 2008

"Paul Braddick, head of property and financial system research at the ANZ Banking Group, says: “There is certainly a problem with sentiment and with construction finance at the moment. But for property investors I would instead focus on rising rents, the lower interest rate environment, the subsequent improvement in affordability and the increase in the first-home buyer’s grants. These all point to a brighter future for residential property, even if the next six to 12 months prove slow.”

I believe a halt in the construction of new apartment towers is a sign that it’s time for the wise investor to start researching the market and getting to know it thoroughly. First-class investment properties are available at a fair price, but there’s only a minuscule chance they will be in multi-level city buildings."

Smart Company, 20 November 2008

"If you want a swimming pool now, buy a unit in Queen Street. If you live in the outer suburbs, houses don't often have room for swimming pools," Professor Hall said.

Courier Mail, 17 November 2008

"Brisbane's CBD recorded 17 new apartment sales during the quarter, from a possible 178 units on the market.

"In terms of rental vacancies for residential apartments, inner-city Brisbane retained the lowest vacancy rate of only 1.4 per cent," Mr Walker said. "This suggests that rental rates will continue to rise as demand for accommodation increases and rental stock supply dwindles."

Brisbane Times, 19 November 2008

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