A message to our governments, if you want people to use their cars less, you need to improve the public transport network and pricing thereof. In 2012, approximately 7 in 10 people (71%) aged 18 years and over travelled to work or full time study primarily by passenger vehicle, similar to 2009 (72%). This could have been either as a passenger or a driver. Only 16% of Australians used public transport, while 4% walked and 2% cycled. (ABS)
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Following on from our last ‘Brisbane Inner City Apartment Market Summary’ we have released a small snapshot of the Sunshine Coast Land Market which is available as a free download.
The Land Summary provides a brief overview of the economic drivers for the Sunshine Coast as well as a broad look at supply and demand for new and existing land. We have also included some information regarding forecast population changes for the Sunshine Coast area as whole.
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Following on from our last article about Brisbane Infill development, this week we have provided a ‘Brisbane Inner City Apartment Market Summary’ which can be downloaded for free.
The Brisbane inner city area has seen a significant amount of new infill apartment development over the last few years. The Market Summary provides a brief overview of the economic drivers for the Brisbane inner city area as well as a broad look at supply and demand for new inner city apartments. We have also included some information on the rental market in Brisbane CBD and Spring Hill.
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Over the last decade, a large amount of residential development in SEQ has been focused on greenfield sites outside the Brisbane LGA, with the notable exception of Rochedale. These include the Western corridor near Springfield, the Northern corridor around North Lakes, the Northern Gold Coast area near Coomera and the Southern area around Logan. These areas are projected to have high population and dwelling growth rates to 2031 and will be important residential growth areas, however in absolute numbers; the Brisbane LGA will require more dwellings than any other LGA in South East Queensland and 88% will be infill dwellings.
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Whilst we acknowledge the milestone of Australia reaching 23 million people, forgive me for being anti-sensationalist. 23 million people for the size of Australia is far from being one of the earth’s more crowded destinations. Combine the cities of Beijing and Shanghai and you have a population of 28 million plus. You get the picture...
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Whilst many people have heard nothing but doom and gloom about the Gold Coast apartment market, the reality is that the buying opportunities currently available won’t last too much longer. Many projects are down 30% to 40% on valuation from what the original price points were. Now if in 2007 you were offered the same apartment with a discount of that size, most buyers would have snapped them up and told their friends what a great deal they got. In the post GFC environment, there is scepticism about what actually represents a great buy.
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