Will they or won’t they repeal it?
Despite a lot of noise before the recent state election, the Queensland Coastal Management Plan is still with us.
Whether a climate change believer or sceptic, the legislation is there and as an industry we need to ensure preventative and protective measures implemented. Given the time scale of the life of our developments and projects, the risk is too great not to take action.
The good news is that the line has been redrawn and detached dwellings ...
Residential property analyst and commentator, Michael Matusik, in one of his recent “missive” asserts that the Brisbane residential property market has turned. In making this claim he lists 10 milestones or measures to support the claim:
Offers are made before a property goes “public”
Multiple offers are made – by different buyers – on the same property after listing
Properties start to sell above listed or reserve price
New properties start to sell above their resale value
Tightening vacancy rate & rising rents
The amount of established ...
In the March 2012 quarter the seasonally adjusted values of both residential building work and private non-residential building work in Queensland both increased – by 6.3% and 1.4% respectively. These increases are the first in some 18 months and go against the national trend.
Indicators for approvals and borrowings also suggest further increases for both residential and non-residential building work for the remainder of 2012.
Source: UDIA Queensland
Industry groups and commentators alike are suddenly appearing more positive. After several years of continuous business and development uncertainty it is a wonderful relief.
Despite the doom and gloom merchants and media, and the worry of the global economy and eurozone, these parties are refreshingly positive about both the current and future for a change.
Analysts are reporting improving real estate markets in Brisbane and on the Gold Coast, and improving building activity in both residential and non-residential markets. Combined with the lowering ...