Blog

May 17, 2018

Commonwealth Games and Commercial Property

South-East Queensland is getting back to normal after the recent Commonwealth Games and the commercial property, residential property and development sectors are looking positive.

With the infrastructure upgrades around Brisbane and the Gold Coast and a great deal of money spent on transport upgrades between the two cities, the apartment sector is looking good, retail is on its way up and office space is recovering from a below average run.

Just a short time ago, the Gold Coast featured the emptiest office...

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May 13, 2018

WHAT WILL HAPPEN TO THE COMMONWEALTH GAMES VILLAGE

Work to convert the Commonwealth Games Village as part of a 200-hectare Gold Coast Health and Knowledge Precinct has commenced and retrofitting has begun for the transformation of the dorms into 1,252 apartments and townhouses.

The apartments and townhouses will accommodate 2500 new permanent residents, and which will be available for rent from January next year. However, there are fears it may attract too many students for tenancy as it evolves into affordable housing for the public.

Rent prices are expected to fetch up...

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April 29, 2018

Update On Brisbane Metro

Brisbane Metro’s draft Design Report is underway and set to be released this month. Not sure what we’re talking about? We’ve answered some of the Frequently Asked Questions about the project to help you out.

What is Brisbane Metro?

Brisbane Metro is part of the Brisbane City Council’s vision for Brisbane to have a modern public transport network. It integrates metro, bus and rail services on a turn-up-and-go high frequency network that aims to support future growth within Brisbane’s economy.

The goal?

April 26, 2018

Refer Queensland Globe

 

Last month we talked about some of the technology that has hit the property market. Since then, we’ve been introduced to Refer Queensland Globe – a fantastic tool that turns physical, geographical and spatial data about a particular location into map format.

It is particularly useful for land valuations, allowing you to view annual statutory land valuation data. The idea is to help you understand your valuation – and the local property market – better.

It displays land valuations for the 22...

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April 25, 2018

Annual Valuation Notice

The State Valuation Service has released its Annual Valuation Notices – where State Government valuers conduct a property market survey of each local government area in Queensland. This helps to determine which areas are subject to annual land valuations.

Valuers research the local market, trends and sales for land, vacant and improved properties, consider the use of the land and zoning.

This year’s research found that average land values in Brisbane have increased 6.0% since the last land values in October 2016....

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April 20, 2018

PROPOSED INCREASE IN THE LAND TAX RATE

The Palaszczuk government is being urged to reconsider the property tax increases that are planned for Queensland.

The government plans to introduce new land tax thresholds for aggregated land holdings that have unimproved value over $10 million.

The changes are due to come into effect on July 1 and will see individuals, companies and trusts subjected to a 25% increase in the rate of land tax. An increase of stamp duty surcharge of 3% to 7% for foreign investors buying residential property...

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April 15, 2018

GREENSLOPES: A SUBURB PROFILE

Greenslopes is traditionally residential, with some commercial and light industrial areas. In the past few months, we’ve seen some significant change in the suburb that is worth noting.

Since early November, there has been a substantial increase in tenant and investor enquiry in the area and it has essentially become its own suburb (again) in that time and there is plenty in store for 2018 that will ensure the region continues to prosper.

Thanks to the close location to Griffith University, student...

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March 28, 2018

Eagle Street

Brisbane’s Eagle Street Pier is set for transformation with the Palaszczuk government announcing the decision to progress to the next stage of Dexus’ proposal for a full feasibility study to redevelop the waterfront precinct. The proposal will see parts of Eagle Street pier demolished to create more cycle and pedestrian space, while also creating 1.5 hectares of public and riverfront open space. This will include public terraces and a new Riverwalk section. The proposal – which will now proceed to...

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March 22, 2018

Virtual reality and real estate

Technology is advancing, and it’s hitting the real estate industry hard.  Each day there are new innovations to help us become better and more advanced at what we do. As consumers become smarter and more hands-on in the process of buying property than ever before, we as agents must come up with new ways to get their attention and keep it.

One of the best tools available to real estate agents right now is VR or Virtual Reality, which let you...

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March 19, 2018

Best Apps for Commercial Real Estate in Brisbane

Consumers and the way that they buy things have changed dramatically in the last ten years, and as agents you need to keep up with the technology to ensure the sales keep coming your way. There are a bunch of apps that you can now use to make every aspect of your business smoother and simpler, and as consumers become needier and more informed, it pushes agents just like you to change and adapt.

Not long ago, contracts took forever to...

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