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As one of Australia’s largest industries, the Property sector is well-positioned to use its influence to address social issues and drive sustainable outcomes. Environmental, Social, Governance (ESG) is a major consideration for landlords and occupiers, bringing to light issues like climate change and resource scarcity. While these are important environmental factors, ESG covers a much br...
A roof over their head is a basic right that Brisbane residents are struggling to find. With significant population growth of 3.1% over the past year, boosted by interstate and overseas migration, Brisbane property prices increased by 14.8% year-on-year to January 2024 (ABS, 2024). With a median price tag of $899,474 purchasing a home seems much more achievable for residents from the southern ...
The best way to sum up 2023 is "RE”, and I don't mean Real Estate. Across the board, we saw investors and developers REvaluing, REassessing opportunities, REassuring investors, REsilience of strategy, REtargeting assets and REdirecting capital. 2023 saw a noticeable shift in Brisbane's commercial real estate market, significantly reducing transaction volumes. The shift mainly triggered b...
RATES & INFLATION Last week our ever-prudent Reserve Bank decided to keep interest rates on hold at 4.1%. This was off the back of the June quarter, where inflation fell to 6% (slowing from 7% in March), falling short of the expected 6.2%. The fall in CPI can be attributed to cost decreases in domestic travel and accommodation, as well as automotive fuel, while the costs of most other good...
A rare freestanding retail and office building in Brunswick Mall, situated directly opposite one of Fortitude Valley’s major live music venues, has been swiftly acquired by an investor eager to capitalise on the precinct’s growing investment appeal. Samford Commercial Investments purchased the three-level property at 281 Brunswick Street for $6.45 million despite its being approx...