Whilst we acknowledge the milestone of Australia reaching 23 million people, forgive me for being anti-sensationalist. 23 million people for the size of Australia is far from being one of the earth’s more crowded destinations. Combine the cities of Beijing and Shanghai and you have a population of 28 million plus. You get the picture...
Read the Full ArticleWhilst many people have heard nothing but doom and gloom about the Gold Coast apartment market, the reality is that the buying opportunities currently available won’t last too much longer. Many projects are down 30% to 40% on valuation from what the original price points were. Now if in 2007 you were offered the same apartment with a discount of that size, most buyers would have snapped them up and told their friends what a great deal they got. In the post GFC environment, there is scepticism about what actually represents a great buy.
Read the Full ArticleDespite recent political events, the world does look at Australia with a high degree of certainty and an expectation of stability. It is these traits that continue to see foreign investment into Australia soar to record levels. Whilst there was some concern surrounding the period of the GFC, Australia conducted itself in such a manner as to prove that it was worthy of significant foreign investment. Our banking and property sectors proved to be highly resilient, a fact not lost on many throughout the world.
In 2012 The National Property Research Company was asked by Construction Skills Queensland (CSQ) and the Urban Development Institute of Australia (UDIA) to undertake one of the most in depth studies of the Queensland construction and property industries ever completed.
Read the Full ArticleYesterday’s lending finance data released today shows that finance for owner occupier housing has turned the corner and continues to grow. The seasonally adjusted estimates place the increase at 1.3% over December which is a great result in what is typically a quiet time of the year.
Read the Full ArticleNPR Co. has taken some time to see how well our retailers faired over the holiday period. The latest ABS retail trade figures show that turnover across Australia increased 0.9% in January, seasonally adjusted. The major contributors to such a strong result were the “other” retailing category with growth of 2.6% and household goods with a 1.3% uplift.
Read the Full Article
