July 2019 Magnolia Residences construction is progressing well, and we achieved the following milestones since the last update: • In the basement, electrical and plumbing works are now complete and the mechanical exhaust system is 50% complete. • On the ground level, the electrical and plumbing rough ins are complete with windows and gyprock due…
Big wins forecast for Queensland
A massive jump in house prices is forecast for Brisbane over the coming three years, almost double the nearest Australian state capital, with major Queensland cities close behind. Latest analysis by BIS Oxford Economics has forecast a massive 20 per cent growth in house prices in Brisbane, with demand driven by its relative affordability compared…
Why Brisbane and Queensland is leading Australia’s property recovery
Brisbane is the only capital city to report positive property price growth in the June quarter, with the upswing also extending to parts of regional Queensland. The Australian Property Market Report July 2019 by realestate.com.au has revealed that Brisbane is “leading Australia’s recovery”, having weathered the downturn “very well” with prices only falling by 1…
Apartment Developers Urged to Restock Now for Next Wave of Downsizers
Opportunities are ripe for developers in the residential sector, says property specialist Adrian Parsons, who is seeing a rapidly-forming downsizer market soak up supply of quality owner-occupier apartments in Brisbane. TOTAL Property Group Managing Director Mr Parsons says Brisbane is heading for an undersupply of quality apartments, with demand being driven mostly by downsizing buyers…
Tenant Demand for Brisbane Apartments Strengthens
Brisbane’s apartment vacancy rate fell to just 1.6 per cent in March, driven lower by a slowing decline in supply and continued population growth. Brisbane’s vacancy rate tightened by 0.6 per cent from the previous quarter according to a new report by property consultants Urbis. Comparatively, the Real Estate Institute of Queensland (REIQ) recorded a…
‘It’s more about the location’: One-bedroom apartments most popular option for inner Brisbane renters
One-bedroom apartments were the most popular with inner Brisbane renters in the March quarter this year, despite agents considering them some of the hardest to sell. According to the latest quarterly Inner Brisbane Apartment Rental Review from property consultants Urbis, one-bedroom, one-car space apartments had the highest average number of rental applications per apartment. So what…