September 10, 2020

What’s Happening On the Sunshine Coast?

Last month we introduced you to the Sunshine Coast and the property market, as it stands, just north of Brisbane.

This edition, we wanted to take you further into that market and give you an update on some of the developments the Sunshine Coast is currently undergoing, with expectations that the projects will assist the economy to get back on its feet.

Projects include:

  • Completion of the Bruce Highway upgrade: includes Caloundra Road to Sunshine Motorway - upgrading the Bruce Highway to six...


September 10, 2020

What’s Happening In The Darling Downs?

Like the rest of Queensland, Toowoomba region is investing millions of dollars into rebuilding the economy in the midst of the pandemic.

The local government has introduced the $50 million Pandemic Response Investment Program, which includes 64 projects that are designed to stimulate the economic recovery of the region. It includes $11.8 million allocated to new capital projects, $26 million allocated to infrastructure renewal programs and $12.2 million allocated to upgrade programs.

Inclusive in this, there is $12.8 million allocated for building...


September 10, 2020

Where Does Office Stand?

The Property Council of Australia released the Office Market Report recently.

According to the report, Brisbane CBD vacancy increased in the six months to July 2020 as a result of supply additions. The rate increased from 12.7% to 12.9%, with 11,785m2 of additions. Net absorption was 3,724m2 and A grade and C grade were the most in demand.

There is 1,604m2 of space due to come on the market in the second half of 2020, with 44,000m2 planned for 2021 and over...


September 10, 2020

Construction & Infrastructure Recovery Plan

The Queensland Economic Recovery Plan includes goals for both construction and infrastructure, designed to support the future of Queensland.

Here are some of the highlights for construction:

  • $100 million housing construction Works for Tradies as a boost for the housing supply, and to drive economic activity and support construction across the state.
  • $50 million SEQ community stimulus program to support minor works and projects
  • $106 million for the building market for new homes valued at less than $750,000,...


September 10, 2020

Queensland Economic Recovery Plan

The Queensland Government recently released the economic recovery plan that’s designed to help the Queensland economy get back on its feet after a hectic start to 2020.

The plan is based on consultations with businesses, industry, regional and community stakeholders and covers health, job creation and working together. It’s designed to bring recovery initiatives into the forefront to keep the economy moving – and there are two stages to the process.

Stage One includes:

  • $50 billion Infrastructure Guarantee that will deliver projects until...


August 11, 2020

New Projects For Brisbane

As we move into the second half of 2020, a number of projects are still being planned for the Brisbane region, which will hopefully help to bring the economy back to life.

The following projects are either in application phase with plans lodged recently, or construction has recently commenced:

North Quay, CBD

In one of the biggest stories, an application has been lodged for a new 38 storey commercial tower in Brisbane city. The project, at 205 North Quay, will include ground floor...


August 11, 2020

Sunshine Coast Commercial Property

Like the rest of Australia, there’s no doubt the Sunshine Coast commercial property market has been hit by COVID-19, particularly with higher vacancy rates and lower rents.

Here’s a short run-down based on various sources and research online:

Office: 2020 started positively, however since March, as a result of the virus, more people have been working from home which has led to more tenants wanting to downsize to save money and space. Co-working spaces have seen an increase in interest in the...


August 11, 2020

Toowoomba Commercial Property Market Update

The Toowoomba commercial property market has been hit hard in 2020, but it seems to be picking up again as we head into the second half of the year. Here’s what the market has been up to:


The majority of Toowoomba’s office space is located right in the heart of the city, with smaller numbers in the fringe. Leasing demand in the past few years has been hot and cold, while currently in Toowoomba, gross face rents are averaging $350/m2 to...


August 11, 2020

Economic Fiscal Update, A Run Down

The Australian Government recently released their economic and fiscal update, which shows the impact COVID-19 has had on the Australian economy.

In case you missed the details, here’s a run-down.

  • The Government has acted swiftly providing economic support for workers, households and businesses – at a cost of around $289 billion
  • More than 960,000 businesses and more than 3.5 million individuals have received JobKeeper
  • More than $16 billion in payments have been made to the Boosting Cash Flow for Employers scheme
  • Along with this, taxation...


July 09, 2020

Commercial Market - Brisbane CBD

According to Brisbane Cityscope’s latest research, there were 78 sales recorded for the 12 months prior to May 2020 for a recorded total of around $3.06 billion. This total is $534.8 million higher than the 12 months leading up to May 2019.

While the number of property sales have increased over the last three months up to the beginning of May 2020, the same research also shows that sales figures themselves have actually dropped. There were 10 sales recorded totalling $474.7...


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