Brisbane Apartment

This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia. www.brisbane-apartment.com

Thursday, April 14, 2011

The Rental Market in Brisbane

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This is an extract from a real estate agent's newsletter who sells inner city apartments: "Where does that leave the rental market...
Tuesday, April 12, 2011

Tennyson Prices

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It is interesting to see the current pricing for apartments being resold at Tennyson Reach . This is a Mirvac development in the middle of ...
Sunday, April 10, 2011

From the USA

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" Developers say that renters do not make the same price-per-square-foot calculation as buyers, and that smaller apartments — with some...

Trilogy Definitely Not Going Ahead - One less hotel for Brisbane

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The Trilogy building, which was to be a mix of apartments, offices and a Mirvac hotel, is officially dead. Despite reportedly good off-the-p...

Recent Sales

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Some recent Brisbane apartment sales and auction results: Quay West, apartment 1506 , 2 bedroom, sold last week, reportedly very close to li...

Buyers Market

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Even the most positive commentators say it is a buyers' market for residential property. And it seems that the Queensland property mark...

Flat

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" Today, in the absence of (extra) government stimulus, the number of homes on the market has been steadily increasing again – in fact ...
Friday, April 8, 2011

Only Modest Gains

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Australia’s housing market is likely to see only “modest” gains in prices as unusually wet weather and floods in Queensland slowed demand an...
Sunday, April 3, 2011

Rate Your Agent

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Here is an interesting website, that allows buyers and sellers to rate the real estate agent. I hope it gathers traction. www.propertyscop...

What happens when property values correct

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This is an extract from an RP Data newsletter article, titled "What Happens When Australian Property Values Correct": "... An...
Thursday, March 31, 2011

Admiralty Two and Mosaic management rights for sale

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Interestingly, the onsite letting pool consists of 79 out of 191 apartments, or 41% of apartments in the building. This suggests a very hig...

Housing Flat in February - almost no growth over past year

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From RP Data Press Release today: " February's index result (0.0 per cent s.a.) suggests that Aussie home values continue to tread ...
Tuesday, March 29, 2011

Yield

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"I ndustry experts estimate a yield of at least 5 per cent is needed to attract investors into the market, though at this level it is u...
Sunday, March 27, 2011

How Many Apartments for Sale in Brisbane?

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There has been some press recently about the number of apartments for sale in Queensland, and the slow sales rate. This may be the case for...
Wednesday, March 23, 2011

Soul Settlements Coming Up

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Soul off-the-plan purchasers in the low rise section are getting ready for settlement. Soul is located at Surfers Paradise, in a prime loc...
4 comments:
Tuesday, March 22, 2011

Developments at Portside

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The photo shows development sites by Devine, Citimark, Mirvac and Brookfield Multiplex. (Double click on photo for larger view.) An endles...

Properties Advertised For Sale

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From an RP Data newsletter, relating to Australian property advertised as for sale: " The number of new properties advertised for sal...

Takeover Bid For Oaks

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Oaks Hotels and Resorts has received a takeover bid from a Thai company, at 35 cents per share. This compares with the peak price of $2.40 ...

Rough Ride For Property

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" Falling sales volumes and higher stock levels suggest prospective buyers can hold off on making decisions, and are doing so. They...
Saturday, March 19, 2011

Tennyson Reach - Legal Decisions

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Mirvac and about 15 buyers have gone to court regarding Tennyson Reach, in a number of cases. For the most part, Mirvac has been successful...

Q1 Legal Decision - Purchaser Looses Large Deposit

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"Losing a deposit on a property is tough, but when it's almost a million dollars a whole new world of pain can be felt." See ...

Top End Brisbane Apartments

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Here is a story about Scott Street Apartments and Aquila New Farm in The Australian . They do not seem to be selling fast.
Tuesday, March 15, 2011

Another Dog Decision

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" The standard is one of reasonableness of course. Any dog will bark now and then." Another decision allowing dogs in apartments a...

Riverpoint Flood Clean Up

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" The building was inundated on 11 th January 2011, taking out all the plant and equipment in the basement, and power to the building ...

Tennyson Reach Clean Up

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At least four million dollars for flood clean up. See this decision . " On 20 January 2011, Mirvac stated it will not charge any margi...

Oaks Dives

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On Friday, the CEO of the Oaks Hotel and Resorts Group, Brett Pointon, was terminated. No reason was given. On Monday, the Oaks shares dro...
1 comment:
Sunday, March 13, 2011

Noosa

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Story from this weekend's Courier Mail: Noosa Mansions Going Cheap Extract: " AS FAR as top-end real estate goes, these are rich ...
1 comment:
Saturday, March 12, 2011

New Developments Blog

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The New Developments blog gives you an idea of how many apartment projects are in the pipeline. Hard to say that there is a housing shorta...

Mirvac at Portside

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Mirvac has lodged plans for development approval for 4 buildings in the Portside Hamilton area. The towers will range in height from 23 lev...

Gold Coast Sinking Under Apartments Glut

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The front page of the AFR on Wednesday, 9 March 2011: "Gold Coast Sinking in Units Glut" Summary: 2000 apartments worth an estimat...
Friday, March 11, 2011

RP Data Video Report

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This is worth watching: http://www.youtube.com/watch?v=YeZUSUU1AYs

REIQ Sales Report

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Region Median Sale Q4.10 Qtrly change Median Sale 12mths Q4.10 Median Sale 12mths Q4.09 1yr change B...

Construction Costs

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Quantity Surveyors, BMT, have published a construction cost table. See www.bmtqs.com.au/Email/mav-29/ConstructionCosts.aspx For a medium qua...

Fairfax Says, Don't Trust Real Estate Agents

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Fairfax, which earns a large part of its revenue from real estate agents advertising on Domain and in the SMH and The Age, warns not to trus...

REIQ Queensland Unit Report

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"The Queensland unit and townhouse market held its ground over the December quarter last year, even as the number of investors and firs...
Saturday, March 5, 2011

Reaction to The Economist article

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The Economist reports that Australian house prices are 56% overvalued. Reaction : Chris Joye on ABC's PM program and Yahoo See Australi...
Friday, March 4, 2011

56% over-valued!

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"Australian house prices remain the most overvalued in the world, according to the latest quarterly ranking of global house prices by T...
1 comment:

Save West End

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See www.savewestend.org

Colliers Research Report - Brisbane Apartments Q4 2010

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Here are some interesting extracts from the recently released Colliers Brisbane Apartments Q4 Research Report that focuses on off-the-plan ...

Metro 21 Sales

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From Harcourt City Sales, regarding Metro 21 on Mary Street: Apartment 803 SOLD - $321,000 Details: ...

Australand's New Riverfront Project

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"LISTED property developer Australand will launch a $400 million riverside project in Brisbane’s Northshore precinct this month – the f...

"Pressure Grows on Gold Coast"

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Headline in AFR on Thursday: "Pressure Grows on Gold Coast". "Receivers are expected to add almost 500 units to the beleague...
Thursday, March 3, 2011

HTW Month in Review - March 2011

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The HTW Month in Review for March 2011 has the following advice: " In Brisbane it means check your pricepoints, shore up your rental b...
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