September 07, 2019

What Is An Outgoings Audit And Why Do You Need It?

If you’re new to commercial property ownership and investment, there is a lot to learn in a short amount of time (before your first financial year ends). One especially important thing you need to learn a little about is an Outgoings Audit.

So, What Is An Outgoings Audit?

At the end of each financial year, your commercial Property Manager is required to supply an audited annual statement for the property, based on their apportion-able outgoings. This audited annual statement needs to be...


August 12, 2019

Victoria Park Golf Course Redevelopment

Brisbane City Council has a plan in place to redevelop the 26-hectare Council-owned Victoria Park Golf Course into an Urban Parkland like New York’s Central Park.

Lord Mayor Adrian Schrinner recently announced that the currently used ‘pay to play golf course’ would be converted into large scale public reserve, to deliver Brisbane’s largest public park in 50 years. There has been a stable decline in patronage at the Victoria Park Golf Course in recent years, which has resulted in a huge...


August 11, 2019

Roma Street Rail Yards

It’s no secret that the Roma Street rail yards are undergoing some dramatic changes, with the $2 Billion ‘Brisbane Live’ Entertainment Arena Precinct. The Brisbane Live development, including a world-class integrated entertainment and transport precinct at Roma Street, is being developed in conjunction with Cross River Rail.

The project includes a new 17,000+ seat arena along with public spaces and active transport connections. It will sit on a raised structure above the current road, railways, and on the property.

The design also...


August 10, 2019

RNA Redevelopment

The 15 year regeneration of the RNA Showgrounds is approaching the final phases of Stage 3. The project includes the already completed development of Kings Co-op supported by a five-level, 375 bay car park. It also includes the construction of 25 King - the world's largest engineered timber office building, construction of The Pavilion, which will house large animals at Ekka and used as a car park and event space outside of show times. The construction of Marquee No. 2...


August 09, 2019

Other projects changing the landscape of Brisbane in 2019

Other large projects that are changing the landscape dramatically across the city include The Cross River Rail Project. In April, the Queensland Government announced the companies selected to build the $5.4 billion project that will enable extra network capacities required for higher frequency public transport connecting and supporting other network growth projects.

The Tunnel, Stations and Development public private partnership will be delivered by PULSE (CIMIC Group, CPB Contractors, Pacific Partnerships, and UGL with partners BAM,DIF, and Ghella). The Rail, Integration...


August 08, 2019

Brisbane’s Inner Suburbs: Changing to cater to demand and redevelopments

There is no doubt Brisbane city is an ever-changing landscape, and to keep up with the influx of people moving to Brisbane, it will continue to evolve well into the future. Ten years ago, the biggest changes were taking place around Fortitude Valley and New Farm, with major renovations resulting in extensively upgraded areas, including 5-Star hotels, residential complexes and a huge selection of new and renovated properties replacing the once outdated suburbs.

In 2019, the location may have shifted, but...


July 11, 2019

Residential Special: Brisbane’s Top 10 Growth Suburbs of Financial Year

Median house prices have increased 1.5% in Brisbane’s property market reaching a new high of $680,000. The recent Real Estate Institute of Queensland Market Monitor report has revealed further capital growth in Brisbane even though there is a slump in national growth.

With 27 straight quarters of capital growth Brisbane’s housing market is not showing any signs of slowing down. However, Brisbane's weaker unit and apartment market saw the median price drop 2.0%, to $441,144.

Which Are the Best Growth Suburbs?

Auchenflower recorded...


July 10, 2019

How Will Ulster Lane Transform The CBD

A development application has been submitted for a comprehensive redevelopment of Ulster Lane by Aria Property Group. Ulster Lane is a private laneway, which is attached to Aria’s 171 Edward Street property in the Brisbane CBD.

The redevelopment plans will revitalise Ulster Lane by removing the current servicing and car parking purpose to create retail, dining and entertainment precinct in the laneway.

The proposal is another in the long list of Brisbane’s laneway revitalisation trend and will include the establishment of a restaurant...


July 09, 2019

Tax Time And Property

Property investment can be very rewarding, and although it involves a lot of hard work, there are always tax breaks at the end of every financial year to retain your interest in the business side of things. Here are some hot tips for property investors to maximise deductions in 2019.

Pre-pay Interest

If you have had an annual income and a fixed-rate loan that is on the cusp of the next tax bracket, pre-paying your interest for the next year will allow...


July 08, 2019

Queen’s Wharf Construction Commences

The first giant tower crane of ten has been installed at the $3.6 billion Queen’s Wharf site as work shifts from excavation to the construction of Queensland’s largest basement and underground carpark.

Over the next six months, the ten new tower cranes will dominate Brisbane’s inner-city skyline from the Queen’s Wharf site. The project is set to revolutionise the CBD and rivers edge.

The heavy lift crane between Queen’s Wharf Road and William Street will be used to build one of the...


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