As housing affordability continues to blow out and first home buyers continue to struggle to break into the housing market, a key but often ignored property strategy is coming into its own. Despite resurgent optimism for first-home buyers coming into the new year courtesy of the Morrison Government’s Load Deposit Scheme, a sobering reminder for rookie…
Apartment Supply Shortage to Hit by 2022
Slumping numbers of new apartments under construction could force an undersupply by 2022, property advisory group Charter Keck Cramer has forecast. The demand-supply imbalance, according to Charter Keck Cramer’s quarterly state of the market, is largely due to population growth and anaemic construction activity. In Australia’s biggest cities prices have strongly rebounded, with Melbourne lifting by 1.2 per cent over January,…
Gallery House Apartments
Residents have begun moving into the second stage of Brookfield Residential Properties‘ luxury apartment project, Gallery House. The luxury two stage development comprises 315 premium apartments and penthouses and occupies an absolute waterfront position with uninterrupted views of the Brisbane River and city skyline. Paul Makepeace, who purchased a two-bedroom apartment from the Gallery House River…
Ready to chill beside the river
After a decade overseas Paul Makepeace is ready to call Brisbane home again. Mr Makepeace bought a two-bedroom apartment in the Gallery House River Collection at riverside Hamilton. He is among the lucky residents who have begun moving into the second stage of Brookfield Residential Properties’ luxury apartment project, Gallery House. The two-stage development…
Brisbane Olympic Games Could Deliver State $36bn
Queensland expects to see a $36.2 billion boost in tourism, jobs and exports should it secure the winning bid for the 2032 Olympic and Paralympic Games. Releasing its ‘blueprint’ for hosting the 2032 Olympics, the state government touts economic benefits “in the billions of dollars and jobs” across the next 20 years. The cost of…
First Home Buyer Lending at Decade High
First home buyer loans hit the highest rate since 2009 with 10,086 commitments made in December. The First Home Loan Deposit Scheme is expected to further boost this result from the latest Australian Bureau of Statistics report. First home buyers accounted for 30.2 per cent of all owner-occupier commitments excluding refinancing with NSW recording 2,423…