The Property Market is constantly changing due to global, national, local and political influences.
A clear majority and mandate to move forward with policies that make sense. In fact, the key point of the election is that common sense prevailed. I did forecast the Coalition to win and remained resolute in this view throughout. The opinion polls always had a large “undecided” component, and polls in any case are always where people register their protest vote against the government. Yet move forward to vote for that government on election day. This is a common pattern which can be seen around the world. I wrote at the time, that when Shorten announced his extreme climate change initiatives, he shot himself in the foot. Then, in quick succession, the government recorded a budget surplus, proving its credentials to govern respon . . .
‘Pottering happily along on its own’ is how a Valuer recently described the Main Beach property market to me and I don’t think anyone could argue with that looking at the graph below! I am speaking mostly about apartments in this report because it represents almost all our sales. There were 9 house sales (including the September quarter) last year and 262 apartment sales (please note there is a lag in the data filtering through and I am dealing with only confirmed sales). Main Beach is very much an evolving suburb and there really is something for everyone on offer. We have 3 storey walk up apartments at the more affordable end of the scale (late $300,000’s upwards) right up to multi-level penthouses and 3-4 stor . . .
The effect of new development on existing real estate. Increased development of apartments is a national trend which has been building for a decade and is unlikely to change anytime soon. Gold Coast City had a 52% increase in construction approvals over the last financial year. More than any other city in Queensland.Main Beach and its’ neighbouring suburbs are amongst those on the Gold Coast most affected by this trend. Effect on prices of existing real estate is not a consideration in planning decisions. This however, is often an objection put forward. Another common objection centres around loss of amenity due to increased pressure on existing amenities. Los . . .
• Australia's capital cities have seen an increase in home prices of almost 55% in the past 7 years. • Purchases by foreign investors, particularly those with a connection to China have helped fuel this rapid rise and has for months now brought about community con . . .
The Gold Coast residential property market remains one of the strongest markets in Queensland. In fact, the 6.7% growth of the median house price over 12 months to June 2016 is the largest increase in Queensland. The unit market has been more subdued, even a little volatil . . .
What does the election result mean for property owners? As there will be no changes to negative gearing as a result of the Australian Federal Election of the Coalition Government, home owners and investors can now take a collective sigh of relief. Labor’s policy mean . . .
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A clear majority and mandate to move forward with policies that make sense. In fact, the key point o . . .
Posted By Clifford Bennett on Wednesday 29th May 2019
Words : 680 | Views : 251 | Comments : 0
‘Pottering happily along on its own’ is how a Valuer recently described the Main Beach p . . .
Posted By Shelley Fuller on Friday 4th January 2019
Words : 788 | Views : 294 | Comments : 0
The effect of new development on existing real estate. Increased development of apartments is a na . . .
Posted By Shelley Fuller on Friday 27th January 2017
Words : 797 | Views : 1523 | Comments : 0