Saturday, July 15, 2017

Brisbane Off-the-plan resales

In talking with real estate agents in inner Brisbane, they are telling me (for what it is worth) that:
  • Resale prices of new apartments that the seller purchased off-the-plan a few years ago are often at least 10% to 15% less than the seller paid.
  • Larger apartments targeted at owner-occupiers are selling well, especially in the $1.5M plus price bracket.
  • Interstate migration from Sydney and Melbourne is increasing, and those moving are looking to buy.
  • Apartments targeted at investors are not selling well.
  • There are few Chinese buyers in Brisbane, especially compared with Sydney which is regarded as a safe international city.

Thursday, July 13, 2017

Body Corporate Laws - New Report

The Attorney General Yvette D’Ath has released the Property Law Review Final Recommendations titled Procedural issues under the Body Corporate and Community Management Act 1997.

Download a full copy of the Property Law Review Final Recommendations – Procedural Issues under the BCCMA: