Thursday, March 1, 2018
Beaches have Upside
These beaches were recently highly rated by TripAdvisor.
Sunday, June 18, 2017
REIQ Quarterly Report
"THE house market has rebounded from a period of low listings with a surge of stock, in some markets as much as 100 per cent more in the March quarter, according to the REIQ’s March Quarter Queensland Market Monitor.
- · Annerley
- · Balmoral
- · Bridgeman Downs
- · Coopers Plains
- · Coorparoo
- · Darra
- · Greenslopes
- · Highgate Hill
- · Manly
- · Manly West
- · Mount Gravatt
- · Norman Park
- · Red Hill
- · Richlands
- · Rochedale
- · Toowong
- · Wakerley
- · Wynnum
Thursday, June 15, 2017
REIQ says Brisbane apartment market is falling
Thursday, October 13, 2016
Air Space and Common Property
See High Court decision and this good article.
In contrast, see this recent decision where a body corporate's denial was found to be unreasonable.
Saturday, January 25, 2014
Queensland Coastal Apartments - Capital Losses
"Across the Sunshine Coast, median house values are typically most expensive in the Noosa region and most affordable between Caloundra and Maroochydore. Sunshine Beach has the most expensive median house value ($894,733) and Currimundi the most affordable at $400,631.
Median house values across the Gold Coast and Tweed Coast tend to be most expensive at the northern end of the Gold Coast. Across the region, the most expensive houses are found in Surfers Paradise ($962,563) and the most affordable are in Labrador ($392,681)."
Medium value as at September 2013 for apartments:
Noosa Heads - $528,000
Maroochydore - $323,857
Mooloolaba - $358,380
Kings Beach - $367,888
Surfers Paradise - $337,767
Broadbeach - $401,824
Palm Cove - $336,795
Port Douglas - $251,312
Number of apartment sales:
Noosa Heads - 238
Maroochydore - 404
Mooloolaba - 234
Kings Beach - 124
Surfers Paradise - 1068
Broadbeach - 418
Palm Cove - 54
Port Douglas - 270
Change in value over past 5 years
Noosa Heads - negative 23.3%
Maroochydore - negative 17%
Mooloolaba - negative 5.2%
Kings Beach - negative 13.7%
Surfers Paradise - negative 15.4%
Broadbeach - negative 10.5%
Palm Cove - negative 21.5%
Port Douglas - negative 13.1%
Saturday, December 8, 2012
Viridian Noosa Massive Discounting
Friday, October 7, 2011
Buying Off The Plan
Sunday, July 17, 2011
Viridian Noosa - Receiver's Sales
Friday, May 6, 2011
Noosa
One market source estimated that there was currently one buyer for every 50 properties available in Noosa, saying property values had "fallen off a cliff".
"It was a special market and went up every year for 18 years or so, this is the first dramatic downturn," the source said.
Noosa had withstood every other downturn since 1983, but the market was now worse than the Gold Coast, he said.
Thursday, April 14, 2011
Market Cracks
Apartment prices in the luxury beachside Australian town of Noosa Heads have tumbled by a fifth since 2008 as cracks emerge in a housing market that’s so far escaped the rout seen in the U.S., U.K. and Ireland.
The median apartment price in the tourism and retiree town 150 kilometers (93 miles) north of Brisbane has slumped 21 percent in three years to A$570,000 ($594,000), according to the Real Estate Institute of Queensland. Sales have more than halved across Queensland state’s Sunshine coast, home to “Crocodile Hunter” Steve Irwin’s Australia Zoo, and the Gold Coast, known for its surfing beaches and casinos.
“We have a very overvalued housing market and even a small adverse shock can be magnified by a large adverse impact on property values,” said Gerard Minack, Sydney-based global developed markets strategist at Morgan Stanley (MS), who asserts Australian home prices are as much as 40 percent overvalued. “We’re seeing that now in parts of Queensland.”