Westpac economists have gone full circle in their house value forecasting, with prices to soar from December 2021. They had been expecting between April 2020 and June next year, the national price index to fall by 10 per cent. But last week they updated their forecasting, stating prices would only drop five per cent between April…
STRONG SALES CONTINUE AT OMEGA APARTMENTS DESPITE CHALLENGING TIMES
Luxury residential property developer HG Developments’ new lifestyle building in Brisbane’s inner city has sold 18 apartments in recent months to local, interstate and international buyers across all price points and demographics, despite the uncertainty of Covid. Of the recent 18 apartment sales at Omega Apartments, 85% of the buyers are from Brisbane, 10% from…
Living it up in the inner city
A luxury inner-city development, below, which features a subtropical rooftop sky garden with a fire pit, pool and yoga deck as well as a double-storey gym and function room, has recorded strong demand for apartments through the COVID-19 period with 18 sales to local, regional and overseas buyers. HG Development’s Omega complex at 61 Brookes…
Off-the-plan unit buyers eligible to receive Federal Government’s HomeBuilder scheme
While most of the focus has been on single home construction, there’s been a boost for fresh off-the-plan project offerings in the Federal Government’s HomeBuilder scheme. Following the hasty launch of the scheme in early June, the Federal Minister for Housing and Assistant Treasurer Michael Sukkar confirmed off-the-plan apartments were eligible for grants. According to…
Expats Choose Australia to Work From Home
Australia is becoming an increasingly popular destination for expats to work-from-home as Covid-19 and political unrest impacts office vacancies, housing opportunities and the global economy. During April 46.6 per cent of people worked from home in the United Kingdom including 57.2 per cent of people living in London according to the Office for National Statistics.…
Brisbane’s Most Sought-After Development Projects
Queensland is continuing to draw the attention of international buyers as global unrest from the Covid-19 crisis fuels a spike in inquiry for new property from foreign investors. Residential property in both Brisbane and the Gold Coast has remained high on the radar of foreign investors—especially those located in Hong Kong—with international searches lifting 22 per cent…
