Property News & Hotspots

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Investor Demand Returns

By Landsdale Property Group on February 1, 2017 in Property News | comments

The number of home-loan approvals rose 0.9% in November 2016 from October 2016, the Australian Bureau of Statistics says.

The value of loans for investment housing increased by 4.9% from October, the ABS said. Cameron Kusher, head of research at CoreLogic, says there was a clear trend emerging of investors coming back into the property market, which he expects to continue in 2017.

Kusher says a bank crackdown on lending to property investors in 2015 resulted in sharp falls in new lending to these customers, but "once they were eased, there was still a lot of investor demand in the market place."


Aussie's drive prices not foreigners

By Landsdale Property Group on February 1, 2017 in Property News | comments

A Treasury working paper based on five years of research found foreign demand accounts for only a small proportion of the increase in property prices in recent years. The low number of building approvals and completions in the late 2000s has also impacted price growth.

The nation's property values have increased by an average 42% over the past 4½ years, according to one source, dominated by a 67% rise in Sydney and 46% in Melbourne.

Nearly 70% of foreign investment approval applications for housing were from Chinese citizens, up from 50% six years ago.

"It is difficult to directly attribute price growth in Sydney to foreign investors alone," the Treasury paper said.

State governments have reacted to the growing foreign buyers' demand by raising stamp duty on foreign transactions to slow down the activity. 


Game Changers for Brisbane

By Landsdale Property Group on October 21, 2016 in Property Hotspots | comments
Massive growth in Brisbane's CBD, brought on by major developments across the city, is set to almost completely transform the Queensland capital by 2022.

Brisbane Lord Mayor Graham Quirk has described the year as a "game-changer for the city", with a string of major projects set to be delivered in six years' time.

Given the scale of the projects, it was clear that (barring any unforeseen construction difficulties) Brisbane in 2022 would be a very different city to the one seen today.

More than $10 billion worth of major projects were due to be completed in 2022, including the Queens Wharf casino and entertainment complex, the Howard Smith Wharves redevelopment and the Brisbane Quarter on the site of the old Supreme Court building.

"Projects of this size take years to come to fruition and we have been working on them behind the scenes for a long time," Cr Quirk said

"Well-considered planning over many years is now delivering.  Several major projects and infrastructure works are moving forward at the same time and they will collectively change the face of the city."

That change was demonstrated in graphic detail in images provided by Brisbane Marketing, which showed a city transformed by development from several angles.

Click on this link ...