Real estate is buzzing with questions about the so-called recovery in property markets. Is it real? Does it have legs? Is it a dead cat bounce? Before providing answers, we need to understand the questions, some of which show a chronic lack of understanding about real estate markets. The questions assume that what’s happening…
Experts rate Brisbane best capital city to invest $500k in property
BRISBANE has beaten Sydney to be voted the darling of property investment in Australia by a host of industry experts. Nearly a third of those surveyed by comparison site, Finder, nominated the Queensland capital as the best city to invest $500,000 in property. The latest Finder RBA Cash Rate Survey found Melbourne shared the top…
$250m property development gets green light from Brisbane City Council
Brisbane’s future commercial property supply has been given boost after the council approved the development application for a $250 million project due to start construction in mid-2020. Consolidated Properties Group says the 15-level office tower will be the first large scale A-grade commercial building planned for the James Street precinct of Fortitude Valley. 895 Ann Street will deliver 23,222sqm…
Brisbane’s biggest new park! Design Firms Share Concepts
More than 1000 Brisbane residents have shared their ideas for Brisbane’s biggest new park in 50 years, including some of our city’s prominent architects and designers. Lord Mayor Adrian Schrinner said design experts had developed five creative concepts that would inspire even more ideas from residents. “Planning for the creation of Brisbane’s biggest new park…
Cromwell Seals 400 George in $524m Deal
Real estate investor Cromwell Property Group has snapped up a 35-level tower in Brisbane’s North Quarter precinct in a $525 million play, and follows a string of major asset transactions in the capital city. The $524.75 million purchase of 400 George Street, comes as Brisbane’s commercial property market continues to improve with vacancy dropping to…
Mirvac Continues Office Push with Brisbane’s ‘Healthiest’ Tower
Listed developer Mirvac has broken ground on its $836 million 80 Ann Street Brisbane CBD tower, promoting it as Brisbane’s “healthiest” commercial building. Mirvac’s continued push into the office sector has now made it Australia’s second-largest office manager, with $15 billion of assets under management. Mirvac’s pipeline of commercial developments, including 477 Collins Street in Melbourne…