Brisbane Apartment

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

Monday, May 28, 2012

USA property market is turning around?

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From my conversations with U.S. brokers (real estate agents), it appears that in some markets in the United States, there are now more buyer...
Sunday, May 27, 2012

Chinese buying up Australian apartments: They are cheap!

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See story in SMH Meriton chief Harry Triguboff said 80 per cent of his customers are Chinese.   One reason is that foreign buyers can buy a...
Saturday, May 26, 2012

Slow Growth For Property Values

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Some extracts from a recent SMH article (and the SMH is usually pro-property, because its biggest advertisers are real estate agents): ...
Thursday, May 24, 2012

Sam Vecchio

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An interesting decision regarding Sam Vecchio, who is the developer of the Rive apartment complex at Breakfast Creek.  Sam Vecchio's pri...
1 comment:
Wednesday, May 23, 2012

No Pets Policy Unreasonable

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A recent decision holding that a "no pets policy" was unreasonable.  See Palm Grove Village . In another recent decision, Bay Vi...

Heavy Gearing

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According to the OECD, Australian households remain heavily geared with a high ratio of household debt to disposable income(183.7%), but t...
Sunday, May 13, 2012

RP Data April Report

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"Property values across the combined capital cities of Australia showed renewed softness in the latter half of April with dwelling va...
Wednesday, May 9, 2012

Southpoint Dead?

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It is rumoured that Suncorp has pulled out of the Southpoint deal, because the developer could not get finance. See here  and here . S...
2 comments:

Budget to Impact Property Prices

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Australian residential property will now be less attractive to foreigners after the Federal Budget last night.  As a large number of foreign...
Monday, May 7, 2012

Charlotte Towers Sale

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Apartment 2808 in Charlotte Towers, 128 Charlotte Street, is reported as sold for $510,000.  This is a 2 bed, 2 bath apartment.  Total area...
Saturday, May 5, 2012

No Apple Store for M&A

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Is Laing O'Rourke misleading people, or just careless?  Last month, to much fanfare, it released a press release to report  that it has ...
Thursday, May 3, 2012

Genworth Says Queensland is a Problem

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U.S. mortgage insurer, Genworth , that has operations in Australia, released a report yesterday to Wall Street regarding its Australian res...
Tuesday, May 1, 2012

Loss-making Landlords

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According to the ATO, there were 1,751,679 property investors declared to the ATO in 2009-10 - representing one in seven taxpayers - an incr...
1 comment:
Monday, April 30, 2012

Rental Demand in Brisbane

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Demand for rental properties continues to strengthen with vacancy rates tightening across the State, according to the Real Estate Institute ...

Limited but real competition

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"So how have things actually faired in the last four months? agents report patchy progress, but on balance they have been more encourag...
Saturday, April 28, 2012

Unemployment

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I like this quote from the Chief Economist from Morgan Stanley: "Traditionally what has hurt people has not been rising (interest) ra...

Units the Way to Go: RP Data

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" Within a 10-kilometre radius of each city centre the opportunities to purchase units below $500,000 are much more abundant than they ...
Friday, April 27, 2012

111+222 Hole plus 103 Mary Street

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Photo today of the 111+222 hole (still with water) and the demolition site for 103 Mary Street .  You can see 212 Margaret Street in the...
Wednesday, April 18, 2012

Devine bullish about Brisbane

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“We are very bullish in a market people are saying is the worst they have seen in 20 years," Devine says. “Brisbane is in the doldr...
Sunday, April 15, 2012

111+222 in Brisbane

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The 111+222 development appears to be moving forward, with the smaller tower (commercial office space at 111 Mary Street) being built first ...

Dog Allowed, Yet Again

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"Based on the material presented, I am not satisfied the committee’s decision to deny the applicant’s pet request was reasonable in the...
Saturday, April 14, 2012

Kurv in Newstead

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A proposed new development in Newstead, called Kurv.  It is located at  31 Longland Street, Newstead. Ground floor restaurant and off...

Macrossan Residences Sale

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I bet well-known Brisbane solicitor and Labor Party identity Con Sciacca  is not happy.  He purchased an apartment off-the-plan in 2008 in M...
1 comment:

Readjustment of contribution schedule lot entitlements

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"Much of the animosity between the applicant and the body corporate committee has arisen following his submission to the committee of a...
Friday, April 13, 2012

Another Big Loss For Off-The-Plan Buyer

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Many buyers in Niecon's The Oracle development at Broadbeach purchased off the plan and failed to settle.   A recent court decision sho...

Brisbane Not Yet At Bottom

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For Apartments : The Brisbane apartment market fared worse than the house market in the last six months of 2011 and faces an oversupply ...

ANZ lift interest rates, after 5pm on Friday

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In a bad sign for property owners, ANZ has announced it will lift rates by 0.06%.  Effective 20 April 2012, ANZ’s new standard variable mort...

Malaysians Big Buyers of Brisbane property

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See Courier Mail story.  Property developer are pushing sales in Asia.
Saturday, April 7, 2012

Midwood Report - Brisbane OK

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"The outlook for the new Brisbane apartments market remains healthy with supply and demand evenly matched, but the Gold Coast market co...

Domain or RealEstate.Com.Au ?

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When looking for a property to buy or rent, it is worth looking at both Domain and REA .  Note that for REA, advertisements can only be pla...
Tuesday, April 3, 2012

Roma Street Parklands - Recent Sales

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Here are some recent sales of apartments in the Roma St Parklands complex in Brisbane, which was developed by Pradella in around 2002 t...
2 comments:
Monday, April 2, 2012

RP Data March 2012 Report

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From an RP Data press release:     Australia's housing market is showing signs of stabilising after home values rose 0.2 per cent in Ma...

Decision Making Tips

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When buying or selling an apartment, it often gets down to a negotiation on price, with the agent repeatedly ringing buyer and seller, tryin...
Sunday, April 1, 2012

Apartment Sun

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When buying or renting an apartment in Queensland, it is a good idea to understand which way the apartment faces, and to view the apartment ...

Surfers Paradise

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I visited Surfers Paradise this weekend to look at the Hilton and Soul apartment buildings.  The local area was no paradise.  The beach wa...

Kickstart coming, or not?

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Comment from a reader on a prior post and newspaper story from this week: Referring to the extract from the AFR:  Qld Property Due for...
3 comments:
Saturday, March 31, 2012

Another Victory For the Dog

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Body Corporate for River City Apartments CTS 31622 v McGarvey [2012] QCATA 47 (12 March 2012) "The relevant context, in my opinion, ...
Friday, March 30, 2012

AFR: Qld Property Due for Kick Start

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Extract from Story in the AFR : For years now, much of Queensland has been a home-grown testament to how property booms can go dreadfully ...
Monday, March 26, 2012

Evolution Sales - Massive Losses for Investors

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I have written in the past about Evolution, and how Citimark sold these apartments off-the-plan at high prices.  It is not the greatest qual...

Ray White Auction Results

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I went to the Ray White auction yesterday.  Some results concerning apartments: Apt 2804 Charlotte Towers, 1 bed, 1 bath, no car - sold p...
Saturday, March 24, 2012

My reflections on the inner Brisbane apartment market

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Here are my thoughts based on my non-scientific observations: Most of the apartments sold in inner-Brisbane in the past year have been on...

RP Data Capital Market Report

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RP Data's recent Capital Market Report 2012 had the following information regarding Brisbane: Brisbane's capital gains have been...
Friday, March 23, 2012

Another Milton Development

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Walker Corporation announced it had bought land in Brisbane's inner west to embark on a new a $100 million-plus development with shops a...

The risk of falling prices

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Financial comparison website RateCity CEO Damian Smith said borrowers who have taken on a home loan with a small deposit are most at risk fr...
Thursday, March 22, 2012

Where will the next Apple Store be in Brisbane?

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An Apple Store was tipped for Macarthur Chambers on Queen Street, but it has not arrived.  A story in Brisbane Times suggests it has been ...
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