29 posts tagged “brisbane city”

Recent sales in Admiralty Two in Brisbane in May to July 2009

• Apt 20, level 4, 2 bed, 2 bath, 1 car, 103 sqm - $725,000
• Apt 80, level 14, 2 bed, 2 bath, 1 car, 103 sqm - $725,000
• Apt 97, level 17, 2 bed, 2 bath, 1 car, 116 sqm - $780,000
• Apt 106, level 18, 2 bed, 2 bath, 1 car, 116 sqm - $750,000
• Apt 137, level 24, 2 bed, 2 bath, 1 car, 116 sqm - $815,000

Source:  Email from Alan Caughey, Harcourts

• What will happen to the inner city Brisbane apartment market if foreign students stop coming to Brisbane?
• When interest rates rise, will Brisbane apartment prices fall?
• Will Meriton build a building in Brisbane that is lesser quality than Devine?  Is that possible?
• When will Felix have its river views blocked by development?
• Will returns to owners in Oaks buildings decrease this year?
• Will apartment prices in Brisbane continue to fall into 2010?
• When first home owners stop buying, will sellers who have not sold become desperate?
• Are the only investors buying at present the vultures and bottom-feeders?
  

2 bedrooms:

• Floor 36, Apt 361 - $430,000 (April 2009)
  
• Floor 35, Apt 356 - $490,000 (January 2009)
• Floor 35, Apt 355 - $420,000 (October 2008)
  
• Floor 34, Apt 342 - $495,000 (October 2008)
  
• Floor 32, Apt 325 - $430,000 (March 2009)
• Floor 32, Apt 322 - $487,000 (February 2009)
• Floor 31, Apt 314 - $460,000 (June 2009)
  
• Floor 29, Apt 294 - $424,000 (September 2008)
• Floor 27, Apt 272 - $491,000 (May 2009)
  
• Floor 25, Apt 256 - $522,000 (August 2008)
• Floor 24, Apt 245 - $415,000 (July 2008)
  
• Floor 24, Apt 246 - $500,000 (October 2008)
• Floor 22, Apt 225 - $420,000 (September 2008)
• Floor 21, Apt 217 - $485,000 (Feb 2009)
• Floor 20, Apt 204 - $440,000 (Dec 2008)
• Floor 17, Apt 173 - $480,000 (August 2008)
• Floor 17, Apt 176 - $497,000 (July 2008)
  
• Floor 16, Apt 163 - $476,500 (Sept 2008)
• Floor 14, Apt 144 - $421,500 (Sept 2008)
  
• Floor 13, Apt 133 - $465,000 (Sept 2008)
• Floor 13, Apt 136 - $462,000 (Nov 2008)
• Floor 11, Apt 113 - $485,000 (Jan 2009)
  
• Floor 10, Apt 103 - $475,000 (Oct 2008
  

• Floor 29, Apt 291 - $340,000 (Sept 2008)
  
• Floor 24, Apt 248 - $333,000 (March 2009)
• Floor 18, Apt 188 - $335,000 (Dec 2008)

FloorPlanFelix

A useful site for population statistics and estimated population growth projections.
http://www.health.gov.au/internet/main/publishing.nsf/Content/ageing-stats-lapp.htm
It has each area's projected population by age for each year.
For example, Inner Brisbane City is projected to grow from 3422 in 2007 to 7599 in 2019.
Indooroopilly for the same period will grow from 11,274 to 12,493.

If you are thinking of buying or renting in an apartment managed by Oaks, then you should read the online reviews written by people staying in the building, who are short stay "hotel" guests. The problem with Oaks buildings is that they were built as cheap apartment buildings (not as hotels) but a large number of rooms are rented out (often for a night at a time, via Wotif) to people who think they are staying in a hotel. Thus, both residents and "hotel" guests are often not happy.

Example Reviews:
Aurora
212 Margaret
Festival Towers
Casino Towers
Charlotte Towers
Felix
Lexicon
River City

Similar issues for M on Mary.

"Meanwhile, one of the apartment sector's great survivors, Meriton boss Harry Triguboff, is on the look out for a third Brisbane apartment site as the Sydney-based billionaire considers shifting more of his development north.

"When we came to Brisbane, we couldn't sell at all," he said.  "But I believed what I had to offer was what the market wants." Mr Triguboff said he had been helped by the fact that other Brisbane CBD apartment projects had been shelved.

The Australian

"And so while Triguboff might be making money in the short term, he knows that long term if NSW keeps shooting itself in the foot, the population will leave for the greener pastures of Victoria and Queensland where they can buy a house or apartment for a fraction of the Sydney price."

Business Spectator

The Council successfully defended the lawsuit challenging the additional rates imposed on unit owners.

See Brisbane Times

See court judgment

Brisbane's inner-city rail study has got the green light in tonight's federal budget with a $20 million investment to work out an underground route and a preferred way of funding the ambitious $14.2 billion project.

SMH

See story in Courier Mail

INNER Brisbane rents are increasing at more than 10 per cent a year, with a downturn in new apartments expected to keep vacancies tight.

DTZ Research has shown the biggest growth has been in one-bedroom units in the inner south and inner west suburbs of South Brisbane, West End and Indooroopilly, where rents have risen by up to 20 per cent.

The median rent of a one-bedroom unit in the inner south is now $420 a week, only $10 less than the CBD median price.  DTZ director of project marketing Paul Barratt said the strongest growth in the next two years would be in near-city units and middle-ring suburbs with good transport.

SQM has a good website to look at rental vacancy rates:
Brisbane City (4000 postcode) - 1.7%
South Brisbane area (4101) - 1.6%
Toowong (4066) - 1.4%
St Lucia (4067) - 1.5%
Indooroopilly (4068) - 1.9%
Sherwood area (4075) - 2.6%
Hamilton (4007) - 4.4%
Noosa (4567) - 2.2%
Mooloolaba (4557) - 1.3%

"Fewer sales of new apartments can have a positive side. Most new developments are in the luxury category. Buyers are now less prepared to pay premium prices for this type of property and, as we’ve seen in the press, some developers are resorting to large price reductions to clear existing stock."

See RW Newsletter