Brisbane Apartment

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

Friday, June 29, 2012

Which Way Is The Market Going?

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In trying to work out which way the market is heading, I decided to call a number of Brisbane real estate agents who sell apartments.  Last ...
Wednesday, June 27, 2012

More Affordable and Smaller Apartments

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The Courier Mails reports that developers are building apartment buildings with smaller apartments, because that is what is selling today.  ...
1 comment:
Friday, June 22, 2012

Falling prices

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I have been looking at the listing and sale prices for two bedroom apartments in Brisbane. During the peak of the market, which was about 20...

Byron Bay to New York City

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A nice story in the New York Times on Sunday about the founder of PlatinumHD.tv , which is used by some real estate agents to promote proper...
Monday, June 18, 2012

Matusik Says Brisbane on the upswing

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There is an interesting story in Property Observer by Matusik.  In it, he says: " Market watchers will have their own theories on mi...
Sunday, June 17, 2012

Luxury Apartments

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New York apartment on Central Park South sold for $70 million. Soul Penthouse at Surfers Paradise, in final stages of completion, hoping...
Saturday, June 16, 2012

Prediction: Market to Keep Falling in Brisbane

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My prediction for the next four months -- the Brisbane property market will continue to decline.  My reasons - (a) There is much uncertainty...
1 comment:
Friday, June 15, 2012

Oracle Buyers Loose Appeal

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A number of off-the-plan purchasers for The Oracle development at Broadbeach refused to settle.  One reason they gave for their refusal was ...

Newman Targets Property Owners for Tax Increases

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Any further financial imposts on property investors is likely to see them pull up stumps and sell their rental properties, according to th...
1 comment:
Monday, June 11, 2012

Park At Waterfront

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This weekend, I visited Park at Waterfront , a newly completed Mirvac apartment tower at the Newstead River Park.  The area was dark and des...
Sunday, June 10, 2012

Recent Apartment Sales in Brisbane

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Metro 21 (21 Mary Street) Apt 1701, 2 bedrooms, 3 bathrooms, sold furnished  $492,500  (rents for $700 per week) Apt 1003, 1 bedroom, $3...

Rent Sales in Charlotte Towers

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Apt 1907, 2 bedrooms, sold on 11 April 2012 for $456,000 Apt 1104, 1 bedroom, no car, sold on 27 March 2012 for $326,000 Apt 2808, 2 bedr...
Saturday, June 9, 2012

Is Median House Price Data Useful?

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There are many newspaper reports that discuss rising or falling house & apartment prices by reference to the median sales price for a pa...

Demand strengthens in unit market: REIQ

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Press Release from REIQ today :  Queensland’s unit and townhouse market experienced strengthening demand over the March quarter, according t...
Thursday, June 7, 2012

CBRE - Brisbane improving

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The Brisbane housing market is starting to experience the benefits of the resources boom but the Gold Coast remains one of the “worse perf...

Buyers Now Saying Yes?

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"The head of real estate strategy at Macquarie Capital, Rod Cornish, uses an affordability measure that brings together the mortgage ...

No Smoking in Some Apartment Buildings

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Archers director Andrew Staehr said building owners across Queensland had passed by-laws to stop people smoking in apartment buildings, with...
Tuesday, June 5, 2012

Interest Rates Down in Australia

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The Australian Reserve Bank decreased its interest rate today by 0.25%.  BOQ immediately dropped its home lending rate by 0.2%.  Will this a...

RP Data Reports

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Click on reports to make bigger.
Monday, June 4, 2012

Brisbane Doing Better Than Melbourne

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"As at the end of May, Melbourne dwelling prices are off about 5% this year. But most of this decline has materialised since the middle...
Sunday, June 3, 2012

RP Data Report

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From a recent RP Data Report: Brisbane values and volumes Over the past 12 months, property values in Brisbane have fallen by -6.6 ...

Brisbane Northbank Redevelopment

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Campbell Newman is proposing new plans for the North Bank area of the Brisbane River, including George Street.  It seems like the hotel an...
Friday, June 1, 2012

Brisbane Apartment Values Up Slightly in May

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Residential property values have continued to slide across the capital cities, with the RP Data-Rismark Home Value Index recording a -1.4 pe...

Brisbane Apartment at Bottom?

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Valuers HTW say in their recent report that the Brisbane apartment market has bottomed out.  They also say this about residential property ...
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...
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