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 of official interest rates by the Reserve Bank these are all providing improved confidence in the building and development industry.
Couple these improvements in confidence and the economy with undertakings by local governments to improve the development approval process, cutting of red tape by Gold Coast City Council and a “go or no-go” approach from Logan City Council, there are certainly conditions that will support renewed development activity.
With the timeframe of most developments measured in years from conception to completion we believe that now is the time to make the move on any opportunities to have them ready for the next wave. If there are any developments you are considering contact us immediately to ensure you are ready for the upturn.
Please join with us to enjoy improving confidence and hopefully we will continue to see an improving economy to benefit everyone.
Arkitektika Pty Ltd
John Pearce FRAIA