Today marks a very exciting day in the development industry. Town planners often talk about village centres and the creation of place making. Well, Maroochydore on the Sunshine Coast is about to undertake this on a whole new level. The first sod will be turned today by the Queensland Premier in what will be the new CBD of the Sunshine Coast.
This is truly remarkable because most CBD’s evolve over time and have a long history which is often limiting to what can be achieved today. Everything has to be retrofitted to a centre which may well have infrastructure that is half a century old or more.
The opportunity that SunCentral in Maroochydore must embrace for the Coast is to be the most modern city in Australia...
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2016 will rightfully be celebrated in South East Queensland (SEQ) as the year the skyline was filled with cranes. The government induced construction boom, combined with a sustained period of investment, has created the right conditions for a flurry of activity. This is not just isolated to SEQ, this has been an Australia wide phenomenon. Despite this the market is turning, albeit slowly, back to the owner occupier market....
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As the media grabs hold of any article that looks like showing a property bubble, the reality is that bubbles come in all shapes and sizes. Some will pop in the most spectacular ways whilst others will drift away causing very little disturbance. In some markets, it is actually possible to have a property bubble seeing only incremental growth in prices. Some may argue that many of our capital cities are in this type of bubble right now. The kind of bubble where volumes of apartment sales are being driven by both interstate and international buyers to such an extent that the oversupply of product has meant that prices have largely gone sideways...
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Having just completed an intense three days whereby I delivered four presentations on various markets around South East Queensland, I thought I would share with you some of the more interesting insights regarding the Gold Coast Apartment Market, Migration, Small Businesses and Interest Rates.
However, before I do, it would be remiss of me not to thank the four parties that had me along to talk, Queensland Department of State Development, Villaworld Ltd, QM Properties and Lotte Engineering and Construction – a top 10 business group in Asia. We are very proud of the quality of our clients and enjoy being part of and contributing to, their many successes.
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Today the Reserve Bank announced a reduction in the official cash rate of 0.25% from 2.25% to 2.0%. Whilst every reduction is genuinely appreciated, we are at the point where it is not making a significant difference for consumer spending...
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At The National Property Research Co. we are incredibly fortunate with the diversity of work we conduct and the clients we act for. However at this stage of the property cycle, the level and depth of manure being pushed is out of all proportion to the risk and reward. In sixteen years of researching the property market we have seen a lot. Much of it outstanding with truly visionary thinking and execution. This rant is simply pulling a thorn from the side and feeling better for it. The property industry is a wonderful industry and one that has been good to many of us. In football terms, “it is bringing the game into disrepute” that irks me. The absolute disregard for the end user by some parties and the misinformation is enough to make an old researcher shake his head in utter disbelief.
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