Gavin ChauLeave a comment
After a long period of flat growth, the fundamentals for Brisbane are arguably looking the best of any state or territory at present. From all indications, we are now past the bottom of the property cycle and we will almost certainly see solid growth for the next seven to nine years. The market is not without some risks though – but let’s go through the positives first.
Luke GrahamLeave a comment
Last week, the ABS released their most recent quarterly Residential Property Price Indexes. Given their data comes from CoreLogic (who now share a daily index), there are few surprises about the performance of real estate in our capitals and rest of state.
Roy AzziLeave a comment
One of the most common topics that has been popping up from my conversations with developers is the recent increase in the cost of building materials. In the last fortnight alone, I have come across 16 projects that have been shelved due to builders not committing to a build price, due to the uncertainty around the cost of materials. A global boom in construction and the resultant bottlenecks in the supply chain has seen container shipping rates triple or quadruple since the beginning of the year. A quick look at just about any freight index will show you just how expensive it has gotten to send a 40ft container from one end of the world to another.
Luke GrahamLeave a comment
Helen shared a great article last week about some of the challenges caused by the series of lockdowns we have all endured over the last 18 months or so. We’re starting to see a growing body of evidence of a mental health ‘shadow pandemic’, but what do things look like for populations who have emerged from the pandemic with higher vaccination rates and a closer resemblance to our pre-COVID lives..?
Helen MatsoukasLeave a comment
This time last year I celebrated my 41st birthday in iso. Melbourne was 24 days into the now-infamous 113-consecutive-day Stage Four Lockdown. We had only four reasons to leave our home: exercise, shopping, permitted work and COVID testing.
Luke GrahamLeave a comment
Upon the death of his father on 9 August 2016, a 25-year-old Englishman by the name of Hugh Richard Louis Grosvenor became the 7th Duke of Westminster. Along with this title came the inheritance of an estimated £9 billion (around $16.7 billion AUD). The duke’s wealth comes from real estate, an endeavour which his family have pursued for centuries. To illustrate his power and influence, consider that in 2013 he was named godfather of the future King George (eldest child of William and Kate).
Joshua MellickLeave a comment
Vacancy rates give an indication of the percentage of rental properties that are vacant within a market. In general terms, the higher the percentage of vacant properties, the weaker the level of demand present in the local market.
Luke GrahamLeave a comment
Happy census day! If there’s one thing you can say with relative certainty about 40 years from now, it’s that you’ll be filling out another census. The 2061 census, in fact.
Luke GrahamLeave a comment
On 21 July 2021, the International Olympic Committee formally awarded hosting rights to Brisbane and South-East Queensland for the 2032 games. There was little surprise to this announcement, with Brisbane and SEQ running unopposed for the 2032 games for quite some time. Nevertheless, the announcement was followed by celebrations across the Sunshine State and across Australia. Australians love our sport, and the Olympics are the pinnacle of international sporting events. Many Aussies who experienced the Sydney Olympics still regard it as one of the highlights of their life.
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