Brisbane Apartment

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

Saturday, August 31, 2013

Targeting the Chinese

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You know when a developer is targeting foreign buyers when they produce a brochure in Chinese.  Here is a very nice brochure for Botanica , ...
Friday, August 30, 2013

Infinity Part Opened

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The tall Infinity building has partly opened, even though it is still under construction with a crane on top.  Meriton has opened its servi...

The Brisbane Market

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There is a lot of talk about how well the Sydney property market is doing, and also the property market in general.  But this does not appea...

Cheapest Units within 10 km of Brisbane downtown

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RP Data released a report today, showing the suburbs with the lowest median price for units within 10km of Brisbane's city centre.  The ...
Thursday, August 29, 2013

Different ways to measure size of apartments

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"Apartment buyers in Victoria are routinely being led to believe by developers and agents that their purchases are more than 5 per cent...
Wednesday, August 28, 2013

Foreign Investors

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Foreign buyers snapped up one in every eight new properties built this year - up from one in 20 properties in 2011, National Australia Bank ...
Tuesday, August 27, 2013

Apartment Body Corporate Fees

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"Apartment buyers should avoid paying for lifestyle amenities already on their doorstep.  Minimising strata fees is increasingly a prio...
Monday, August 26, 2013

Rents and Vacancies

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A number of onsite managers have reported to me that they are taking much longer than expected to fill vacancies, and that rents are going d...
Sunday, August 25, 2013

Property Owl

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A new property website:   Property Owl .   This is aimed at buyers.
Friday, August 16, 2013

Guaranteed Losses if you pay too much

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If you pay too much to a developer when buying off the plan, no matter how good the location, and how good the development, you will loose m...
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Thursday, August 15, 2013

Rental Increases

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In Australia, rental yields for apartments are 4.9%, according to RP Data.
Wednesday, August 14, 2013

Barangaroo Sydney receiving great interest

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New harbour-side apartments in downtown Sydney, at Barangaroo , are generating great interest.  Lend Lease must be happy.

Alex Perry Residential Struggling?

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Alex Perry Residential in the Valley launched with great hype, and, according to hits on this blog, was of great interest to people looking ...

Metro Property Group - A remarkable marketing machine

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Last week, Ken Woodley, marketing director of Metro Property Group, zoomed past me in his Jaguar.  He was leaving his Mirvac penthouse and h...
Tuesday, August 13, 2013

Vendor activity steady

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Property owners in Australia do not appear to be rushing to sell, according to RP Data.
Monday, August 12, 2013

Comparison: Apartments and Houses

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According to RP Data, when looking at the median price of properties sold in the 3 months to July 2013, apartments in Brisbane are $75,00...
Sunday, August 11, 2013

Milton off-the-plan apartments

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There are two competing apartment developments in Milton , currently being developed. The Milton , being developed by FKP, at 55 Railway ...
Saturday, August 10, 2013

Less Apartments Being Sold in Brisbane

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The number of apartments being sold in Brisbane are less than the number sold in the same three month period last year.

Rental Returns

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I have conducted a review across about 20 apartment rental properties in Brisbane and S.E. Queensland, comparing the 12/13 FY with the previ...
Friday, August 9, 2013

Buyers Retuning to the Market?

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Real estate agents are reporting that buyers are coming back to the market in Brisbane, and that prices achieved are increasing.  For exampl...
Saturday, August 3, 2013

Valuer's View

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From the HTW Month in Review , recently published: "Our valuers are reporting anecdotally that confidence is reasonably good around s...
Thursday, August 1, 2013

Brisbane Units Still Going Backwards

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According to RP Data, Brisbane apartment values are still declining.  From an RP Data release: "RP Data and Rismark International tod...
Sunday, July 28, 2013

Off-the-plan apartments overpriced

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A story in the Courier Mail yesterday:  " Bank revaluations hit apartment buyers ".  Some extracts: Buyers of off-the-plan apart...
Saturday, July 27, 2013

Chinese Buyers & Infinity

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The AFR had a story on 24 July:  "Brisbane keen for more Chinese buyers".  Some extracts: Harry Triguboff from Meriton apartment...
Friday, July 26, 2013

Fat Australia

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It is even making new in New York that Australians are getting fatter .  In New York, many people live in apartments, and do a lot of walkin...
Thursday, July 25, 2013

Outlook for Property on a Weaker Dollar

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The AFR had a story on Wednesday titled "Outlook for property on a weaker dollar." An abstract from ABIX is as follows: "...
Tuesday, July 23, 2013

Population Growth

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Population growth and employment drives house price growth.  Population decreases and unemployment causes property prices to fall.  The foll...
Monday, July 22, 2013

SouthPoint

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After delays and false starts, it now appears that SouthPoint at SouthBank is ready for a sales launch.  See this site and  this site , for...
Sunday, July 21, 2013

Festival Towers lawsuit

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Many owners of apartments in Festival Towers in Brisbane, and the body corporate, are suing Devine Limited and Brookfield Multiplex Construc...

Recent Apartment Sales in Downtown Brisbane

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Evolution   Apt 171, 1 bed, 1 bath, no car - $310,000 Grosvenor   Apt 107 - $1.3M Skyline   Apt 61, 3 bed, 2 bath, 1 car - $715,000   ...
1 comment:
Saturday, July 20, 2013

Brisbane Property Prices Flat in FY12/13

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Over the 2012/13 financial year, Brisbane had a 0.6% increase in property values, according to RP Data.  This is less than inflation.   A...

LA property prices in dramatic increase

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I was recently looking a property in the LA area of California.  When a house I was looking at was listed for sale, about 20 written offers ...
Friday, July 19, 2013

Brisbane Underperforms

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Brisbane has been the worst performing city in Australia when it comes to capital gains for housing, looking over the last 5 years.  In fact...
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Sunday, July 14, 2013

South side apartment developments

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I received an email from an agent selling apartments off-the-plan, listing four current projects.  Here are the details that were sent to m...
Saturday, July 13, 2013

Auctions Not Popular in Brisbane

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In Melbourne, many properties are sold by auction.  In Brisbane, less properties go to auction, and auctions are less successful.  I find it...
Wednesday, July 10, 2013

A soaring apartment market in Toronto ignites fears of a crash

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An interesting recent article in the NY Times about apartments in Toronto: A Dizzying Condo Market in Toronto .  How similar is this to Bris...
Thursday, July 4, 2013

Will Brisbane Apartment prices go up or down?

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Brisbane apartment prices did worse that Brisbane house prices over the past financial year.  There was a fall of 1.8% in Brisbane ap...
Friday, June 14, 2013

Postcode 4000

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Source:  RP Data: Brisbane City and Spring Hill Postcode 4000

Leaving Brisbane

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Many young adults live in apartments in Brisbane.  But many want to leave.  Brisbane is expensive, and is not yet a first tier city.  I like...

Risks of Investing in Mining Towns

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An article from the AFR on Thursday, 13 June 2013 is a good reminder why investing in boom towns is more like gambling than investing: Boo...
Thursday, June 13, 2013

Capital City Home Values

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Capital city home values are up or down, depending on which RP Data chart you look at.
Wednesday, June 12, 2013

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I bet no real estate agent in Brisbane will be distributing this RP Data chart.  Brisbane is more than 10% below the most recent peak, an...
Monday, June 10, 2013

Only Two Dollars!

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This apartment looks like a bargain!  Only $2 for 5 bedrooms.
Sunday, June 9, 2013

Fire at Cathedral Place

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There was a fire this afternoon in an apartment on the top floor of Cathedral Place.  This building is located on the edge of Brisbane City,...

Skyview Apartments at Kelvin Grove

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Pradella is marketing SkyView apartments at Kelvin Grove.  These are part of the Urban Edge development.  The other two buildings on this s...
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