Brisbane Apartment

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

Sunday, October 28, 2012

Portside at Hamilton

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The Portside Promenade apartment building is now complete.  The developer is advertising that 80% is sold, with the remaining 20% up for sal...
Thursday, October 25, 2012

Trouble In Paradise - Soul

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The Soul apartment development in Surfers Paradise went into receivership today, most likely due to a large number of unsold apartments, pre...
Monday, October 22, 2012

M&A Update

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The M&A (McLachlan & Ann) mixed use development is under construction on Ann Street in the Valley.  The commercial tower has topped...
Friday, October 19, 2012

Low Vacancy Rate in Brisbane

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Residential rental vacancy rates have remained tight across Queensland, according to the latest REIQ data.   Findings from the Institute’s S...

Barefoot's Advice

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From the BareFoot Investor email: "You say that it's not good to be in too much debt. That makes a lot of sense to me, because I ...

Lang Walker's View - No risk of housing bubble

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From the AFR on 17 October, page 43:  A story about property developer and investor, Lang Walker. "I saw that one of the guys from th...

Woolloongabba Doubt

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Plans to sell and redevelop 10 hectares of prime Brisbane government-owned real estate have stalled in anticipation of a firm announcement a...
Thursday, October 18, 2012

Prices to Recover in Brisbane?

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According to BIS Shrapnel , Brisbane will have housing price growth of 3.9% in FY 2013, 7.8% in FY 2014, and 6.2% in FY 2015. This is a ve...
Sunday, October 14, 2012

Brisbane or Spain?

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"Mar de Canet’s 308 units were sold in less than 30 days last spring, mostly gobbled up by eager Spaniards finally getting a deal they ...
Saturday, October 13, 2012

Infinity Retreats to Serviced Apartments

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Meriton Apartments builds more than 1,000 units a year – recently it has shifted its attention to serviced apartments, holding back nearly h...

Smaller May Have Big Future

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The headline in a story today in the Courier Mail property advertorial section:  "Smaller may have big future".  Some points made ...
Friday, October 12, 2012

Recent Brisbane Apartment Sales

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Recent sales: Riparian, 71 Eagle Street, 3 bedrooms on level 44, sold for $2.3 million Charlotte Towers, 128 Charlotte St, Apt 1903, 2 be...
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Tuesday, October 9, 2012

Gold Coast Down

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HOUSE and apartment sales levels on the Gold Coast have dropped to the lowest level in more than two decades. The city's residential pro...
Sunday, October 7, 2012

The Capitol Apartments

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Forrester Properties is marketing The Capitol Apartments at South Brisbane.  Construction is under way, and according to documents provided...

Ugly Brisbane

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Chris Joye had APM (a division of Fairfax) conduct an analysis to determine in which markets most buyers have lost or made money.  APM looke...

Soul's Last Legs?

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Juniper agents are doing the ring around, with the "price has dropped" call for Soul at Surfers Paradise. Sounds like signs of des...
Saturday, October 6, 2012

Protest over Lot Entitlements Change

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GOLD Coast association Voice of Unit Battlers is marshalling its troops to ensure the Newman Government hears the concerns of unit-owners ab...
Friday, October 5, 2012

RP Data update

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If you are buying or selling in Brisbane, is your real estate agent telling you how bad the market actually is?  And it may...

Harry Dent says Brisbane is Biggest Bubble

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"The greatest bubble in developed-country cities starts with Brisbane, Australia at 210% followed by 180% in  Miami , 170% in L.A. and ...

Apartments v. Houses

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"The apartment market is not just more affordable to enter than the detached housing market but apartments are growing in prevalence in...
Wednesday, October 3, 2012

Brisbane Apartment Prices Still Going Backwards

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Australian capital city home values continue to rise with a 1.4% jump in September. The September RP Data Rismark Home Value Index result...
Sunday, September 30, 2012

Meriton Infinity - Under Construction

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Some recent photos of Meriton's Infinity apartment building in Brisbane, currently under construction.  When complete, this will be Bri...
Friday, September 28, 2012

Many Property Clocks

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"There are some signs of a recovery in the Brisbane property market, but it still remains firmly in a downswing , with investors seekin...

Decline in Proportion of Apartment Sales

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"Although units offer a significantly lower price point at which to enter the housing market, the vast majority of sales across the cou...
Monday, September 24, 2012

Self managing landlords

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One issue for landlords who self manage is obtaining access to RealEstate.com.au.  REA only allows agents to list properties for rent.  Doma...
Sunday, September 23, 2012

Ten Percent Under Water in Queensland

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"Ten percent of Queensland homes are currently worth less than or equal to their purchase price while 36 percent are worth more than do...
Saturday, September 22, 2012

Kings Row, Milton Development

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Investa has gained approval for a property development on busy Coronation Drive in Milton, backing on to McDougal Street.  The three office ...

Hilton Surfers Paradise Price Slice

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Hilton Surfers Paradise Apartments advised "up to 34% off": Level 29, 2 bedroom, 119 sqm, was $1,185,000, now $840,000 Level 38...

Advertised Rents

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In today's Courier Mail and on REA, the following new developments had apartments that were advertised for rent: Mirvac's Park apa...

Brisbane Apartment Recent Auction Results

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River Place - 82 Boundary Street, Apt 192, 2 bedrooms, sold for $605,000 Aurora - 420 Queen Street, Apt 286 - passed in Skyline, 30 Macros...

Recent Sales - Arbour on Grey

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Some recent sales for Arbour on Grey , at Grey Street, South Bank.  This building was developed by Mirvac about 10 years ago. Apt 2103, 3 ...
Friday, September 21, 2012

Increase in Sales of One Bedroom Apartments in Brisbane

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"Research from Colliers and Place Projects reveals that there were 1,065 new project apartment sales Brisbane in 2007 and 1,278 in 20...

One57 in New York

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"One57, a 306-metre tower under construction in Midtown Manhattan, will soon hold the title of New York's tallest building with res...
Thursday, September 20, 2012

SkyView Apartments at Urban Edge

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Pradella has commenced a soft marketing launch of Skyview Apartments , the third building in the Urban Edge development at Kelvin Grove.  Pr...

Prices Up? But sales volumes are down

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" "Real estate is a confidence thing and confidence gets zapped by uncertainty and all the information we've been getting from...
Wednesday, September 19, 2012

Brisbane Apartments Prices to Fall

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" The Brisbane inner-city apartment market is heading into a downswing due to the large numbers of off-the-plan projects currently bein...

Changes to Lot Entitlements, Again

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The Campbell Newman Queensland Government has decided to change the lot entitlement laws, yet again.  This adds more uncertainty for apartme...
Tuesday, September 11, 2012

Home Truths of the Leverage Game

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An interesting article by Chris Joye in the Weekend AFR, worth reading: The Perils of Leveraging Property Investment

Newman State Budget

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An increase in stamp duty: Increase in the transfer duty threshold from $980,000 to $1 million; rate to increase to a whopping 5.75 per cen...
Monday, September 10, 2012

Agents to Vendors: Get Real

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An article in the Weekend AFR:  Agents tell vendors to get real. "Because prices haven't improved, only about 20% of sales are ac...
Sunday, September 9, 2012

REIQ June Quarter Apartment Report

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From an REIQ Press Release: "The Real Estate Institute of Queensland (REIQ) June quarter median unit and tow...
Thursday, September 6, 2012

Quay West Sales

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There have been three recent sales of one bedroom apartments in Quay West, at 132 Alice Street, Brisbane.  These are large one bedroom apart...
Wednesday, September 5, 2012

Unrealistic List Prices and Lowball Offers

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A nice article:  " Lowball offers for property not uncommon in current soft market and hard for vendors to swallow ".  I am often ...
Monday, September 3, 2012

Capital growth flat in August after rising in June & July: RP Data

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The above headline does not really apply to the Brisbane apartment market.  Read on.... After recovering by one per cent in June and 0.6 p...

Gold Coast less than $300,000

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From the HTW Month in Review for September 2012: "In Surfers paradise there are plenty of options for purchasers with $300,000 to sp...
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