Housing in SEQ has been experiencing quite a sharp upward price profile since the middle of 2020 when the public started to understand just what the pandemic looked like…at that point anyhow. As house prices have continued to escalate, the narrative has again started around affordability, something that hasn’t been an issue for well over a decade.
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There is no doubt that hosting an Olympics Games is wonderful for a city’s morale, improving infrastructure and putting a spotlight on the lifestyle of the broader community. The reader shouldn’t be drawn into the popular press that Olympic games automatically correlate to improved housing prices.
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What exactly is CPI? How is it measured? Does CPI, in its current form, accurately capture the growing financial pressures facing Australians, particularly where housing is concerned?
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The inequality in the distribution of overseas migration would arguably serve the country better and create more robust regions, if those regions can demonstrate a genuine need and opportunity. Arguments around not enough land, house price escalation, car reliance etc are mostly related to planning strategies, cycles, monetary policy and government spending.
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So, whilst the debate will continue around whether CBD’s are viable, on this data alone one would have to ask whether the CBD and its surrounding suburbs have lost their vitality too, given the generally on par performance in a like for like timeframe.
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Without compulsory acquisition, it is difficult to see Brisbane maximising the infrastructure expenditure, hitting the growth targets defined under the SEQRP, but more importantly creating a funky city that the world will look at and want to visit. The legacy of the Olympic Games should be a city that is far better than it was before.
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