Unit markets have also done well, with 85% of locations recording annual rises in their median unit prices
Our research for the upcoming Spring edition of The Price Predictor Index shows that Regional Queensland has set another record, with 171 locations with rising sales activity and 96% of all locations achieving price growth in the past year.
The total of 171 rising markets is the highest recorded in the six years of these quarterly surveys. From 2015 to 2020, the average number of rising markets in our surveys of Regional Queensland was 49. The three surveys in 2021 have recorded 157, 146 and 171 rising markets.
The latest increase in the number of upwardly mobile markets comes despite a further softening in the Sunshine Coast market. The Sunshine Coast Region and Noosa Shire combined still have 19 rising markets, but this compares with 25 three months ago and 37 six months ago. This distinct pattern of a softening market comes after three very strong years in this market, and prices are still rising.
Elsewhere in Regional Queensland, it’s very much a story of growth. The Gold Coast, Cairns, Bundaberg, Gladstone, Mackay, Rockhampton, Toowoomba and Townsville have all increased the number of suburbs with rising sales volumes.
The Gold Coast is the most prolific municipality in the nation: 37 of the 49 Gold Coast City suburbs ranked in this report have rising trajectories with sales activity. This is an incredibly strong market, thriving on the Exodus to Affordable Lifestyle trend and going to another level every time Sydney and Melbourne experience lockdowns. Southport is a particularly prolific market: quarterly sales have been 197 288 382 496 505.
The other standout market is Toowoomba, where 14 of the 17 suburbs ranked in this report are categorised as growth markets.
In the Far North of the state, both Cairns and Townsville have buoyant markets. Cairns has 16 suburbs with rising sales activity and Townsville has 11. In Palm Cove in Cairns, quarterly sales activity has been 25 54 69 78 92.
In Central Queensland, nine of the 10 Rockhampton suburbs in this report are rising, while 10 of the 14 Mackay suburbs have increasing sales activity. In Yeppoon, quarterly sales have been 41 73 99 107
Gladstone is continuing its revival after a long slump: 8 out of 12 suburbs now have rising sales activity and there is growing evidence of price recovery.
Bundaberg continues to emerge as a growth city, with 8 out of 11 suburbs delivering rising sales activity.
There is also rising momentum in the Whitsundays market.
PRICES: The Sunshine Coast region is the undoubted star of price growth performance in Regional Queensland, although the Gold Coast is also challenging.
Across Queensland, 96% of locations have recorded growth in their median house prices in the past year. Almost 60% of locations have risen more than 10%.
Unit markets have also done well, with 85% of locations recording annual rises in their median unit prices.
Across the region covered by the Sunshine Coast and Noosa councils, there are 33 suburbs and towns where the median house price has increased by at least 12% in the past year.
Sunrise Beach is up 37% to $1.2 million, while Minyama has risen 29% to $1.5 million. Markets which have increased 20-22% include Coolum Beach ($850,000), Wurtulla ($745,000), Woombye ($635,000), Twin Waters ($970,000), Maleny ($750,000), Mt Coolum ($760,000), Mudjimba ($920,000) and Noosaville ($1.35 million).
The Gold Coast has 26 suburbs with annual growth in house prices above 12%, led by Currumbin (up 24% to $1.18 million) and Bundall (22% to $1.27 million). Tallai, Tugun, Coomera, Labrador and Miami have all lifted 18-19% in the past year.
The Hervey Bay market is lifting, headed by the 25% rise in Pialba ($400,000), while six other suburbs have increased more than 12%.
Mackay has several growing suburbs, led by 30% in Sarina ($375,000) and 25% in East Mackay ($425,000). Gladstone’s recovery continues, with double-digit median price growth in six of its suburbs.
In Far North Queensland, Cairns has multiple growth locations, including Palm Cove (up 30% to $770,000), Caravonica (30% to $500,000) and Port Douglas (27% to $750,000). The revival in Townsville is being led by the 30% rise in North Ward ($735,000).
Article Source: www.urban.com.au
Role of Foreign Investment in Local Economy ‘Irrefutable’
Foreign investment has been a critical enabler of the growth of the Australian property sector into the single most important sector in our nation’s economy, according to ESR Australia, a leading developer and manager of industrial, logistics and commercial property.
The sector currently contributes over $200 billion to GDP per annum, making it approximately 13 per cent of the total economy and employing more than 1.5 million people—more than mining and manufacturing combined.
It is unlikely that the sector could have grown to this scale without the foreign capital flows that have underpinned the funding for many of the significant development projects in Australia, including Barangaroo and the Wynyard Station redevelopment in Sydney as well as Docklands in Melbourne.
According to data from JLL, the amount of foreign capital flowing to the Australian commercial property sector has tripled during the last decade, rising to over $10 billion annually and now accounting for approximately 40 per cent of all commercial real estate transactions.
Almost all foreign capital is invested through fund managers, either domestic property groups or more prominent global property fund managers with sizeable local teams.
These capital inflows have fuelled competition in the property funds management sector, stimulating innovation and productivity and helping to position Australia as a leading player globally.
Governments at all levels have benefited from the increasing property values and sales volumes, which have filled their coffers with property tax revenues.
The recent $3.8-billion Milestone transaction was illustrative of how foreign capital is fueling the Industrial sector’s emergence as the in-demand asset class, with three of the final four bidders being funded by foreign investors.
Since this landmark deal, yields industry-wide have compressed even further, with prime metropolitan industrial assets now regularly trading at cap rates below 4 per cent, further stimulating activity across various disciplines.
Recently foreign investors have shown heightened interest in participating in development activities. This has in part been driven by the highly competitive market for stabilised property, with development exposures (for example, through develop to hold strategies) being a way for these investors to generate returns sufficient to meet their hurdles.
One of the industrial-focused property funds management groups at the forefront of this shift has been ESR Australia, which raised $1billion for its ESR Australia Development Partnership (EADP) from foreign institutional investors during the 2020 Covid-19 lockdowns.
This timing proved fortuitous given the subsequent boom in e-commerce and restructuring of supply chains, further increasing tenant demand and investor appetite for industrial real estate to unprecedented levels, ESR said.
In the last year, other property funds management groups have also been tapping foreign investors for new funds with development capabilities, including GPT for Quadreal and Stockland for JP Morgan Asset Management.
In light of the positive impact that foreign capital has made on the Australian property sector, it is essential to remember that these sovereign wealth funds, pension funds, and global investment groups have options to invest their capital elsewhere across the Asia Pacific region.
These investors typically choose to invest in Australia over other competing markets such as China, Japan, Korea, and Singapore because of Australia’s strong economic growth, stable legal and policy framework, and open foreign investment policies.
ESR Australia credits its swift and substantial growth in the local market through leveraging long-standing relationships built over time with global institutional investors such as GIC, M&G, Townsend and China Merchants.
As APAC emerges from the pandemic and further opportunities for pent up capital to be unlocked present, other Australian developers will be faced with the onus and opportunity to think bigger in brokering relationships and subsequent deals with foreign partners.
Article Source: www.theurbandeveloper.com
Best Locksmiths in Brisbane
Below is a list of the top and leading Locksmiths in Brisbane. To help you find the best Locksmiths located near you in Brisbane, we put together our own list based on this rating points list.
This article is updated every 3-4 months.
Brisbane’s Best Locksmiths:
Here are the leading Locksmiths in Brisbane:
- Access Locksmiths
- Chermside Locksmiths
- Hamilton Locksmith
Access Locksmiths – Based in Brisbane, Australia—they get the job done tactfully in no time. They are a 24/7 emergency locksmith for their client requirements. Access Locksmiths Brisbane is an outstanding market leader in securing your homes, as well as your commercial premises. Their staff had the finest and extensive trainings, plus years of practicing their expertise that has molded them to be the best people for the job–with our certified Master Locksmith Staff, they assure you of accurate diagnosis and the best remedy for your lock issues.
Master Key Systems, Restricted Master Key Systems, High Security Master Key Systems, Alarm Installations, Back to Base Alarm Monitoring, Electronic Access Control Systems, Strata Services, Routine and Programed Maintenance, Digital Locks, Absolute Key Control, Key Control Software, Secure Key Cabinets, Secure Key Rings, Safe Removals and, Installations, Safe Servicing, Real Estate Work, Locks Rekeyed, Digital Locks Supplied and Installed, Locks Repaired or Replaced, Door Closers, Blocker Plates Installed, Filing Cabinet Locks, Drawer Locks
Address: PO Box 1600, Toombul QLD 4012
Dispatch Office: Crosby Rd, Ascot, Brisbane 4007.
Phone: 07 3359 9933
Locksmiths Chermside are your local professional locksmithing service.
Their fleet of qualified locksmiths provide locksmithing services across the Chermside region, Aspley, Geebung, Nundah, Virginia and other northside suburbs.
Their reputation for high quality and trusted work has seen them around for over 27 years servicing domestic, commercial and industrial premises.
Home and business lock & key services, Access Control, Safes, Master Key Systems, padlocks, deadbolts, latches, Door Closers, Garage Roller Door Locks
Address: Chermside and local suburbs
Hamilton Locksmiths is a small family business located in Brisbane’s northern suburbs. They provide an old fashioned level of customer service. They have been in operation for over 40 years and have an extensive client base acround Hamilton and neighbouring suburbs. At present we predominately provide prompt security solutions on a commercial basis, as well as catering to walk-in jobs via our shop front.
With our reputation of high standards in catering to our clients’ needs and maintaining high finishing standards on all jobs we are well respected within the industry.
Standard duplication, Key cutting from code, , Safe keys, Old fashioned keys, Lock Repair, Lock Opening, Lock Installation, Lock repairs and maintenance, Door closer fitting and maintenance, Lock rekeying, Emergency Call Outs, Master Key Installations
Hamilton and neighbouring suburbs
Phone: 0404 159 369
First residents move into second stage of Gallery House
Residents have begun moving into the second stage of Brookfield Residential Properties’ luxury apartment project, Gallery House.
The luxury two stage development comprises 315 premium apartments and penthouses and occupies an absolute waterfront position with uninterrupted views of the Brisbane River and city skyline.
Paul Makepeace, who purchased a two-bedroom apartment from the Gallery House River Collection, has moved ‘home’ after a decade-long stint overseas.
His prerequisites were ‘somewhere close to my daughters and somewhere that felt like a community’.
“In Gallery House I found the perfect balance of location and connectivity,” he said.
“After 10 years abroad, I wanted to live somewhere that provided me with something I’ve been missing for a while now – a sense of community.
“The location of Gallery House next to Portside Wharf, and the building’s well-designed communal areas, makes it feel more like a neighbourhood than an apartment development.
“That sense of connectivity is something other projects I looked at just didn’t have.”
Mr Makepeace said that being part of the Northshore Hamilton masterplanned community gave him confidence he was buying somewhere that had taken future growth into consideration.
“So much development is done on the fly, so knowing that there is a considered masterplan – not just for Brookfield’s parcel of land, but for the whole of Northshore Hamilton – was a real drawcard for me,” he said.
Gallery House forms part of the $5 billion Northshore Hamilton precinct – a 304 hectare development that is one of the largest urban renewal projects in Queensland.
Brookfield Residential Properties is the most active developer in Northshore Hamilton, having already delivered six apartment buildings as part of its Portside Wharf retail and residential precinct that neighbours Gallery House.
Gallery House is its latest and most luxurious project, with premium resident-only facilities including a rooftop sanctuary with infinity pool, lounge and barbeque areas, and a podium level garden.
Brookfield Residential Properties’ Managing Director Lee Butterworth said the masterplan had been meticulously designed to offer some of the best living opportunities in Queensland.
“We don’t just want to construct apartment buildings; we want to create communities,” he said.
“The design of our six-hectare parcel in Northshore Hamilton focuses on liveability, ensuring residents have easy access to infrastructure and amenity, now and into the future.
“A sense of connectivity has been achieved at Portside Wharf and we are now replicating it, on a more luxurious scale, at Gallery House.”
Mr Butterworth said Gallery House would become an address synonymous with style and luxury and its residents would enjoy an enviable riverfront lifestyle with everything at their fingertips.
He said buyers had been predominately locals looking for waterfront property without the maintenance, who knew the benefits of living in Northshore Hamilton with its direct access to retail, restaurants, recreation and green spaces.
“The three and four-bedroom apartments and penthouses in Gallery House are bigger than many homes, so buyers don’t feel like they are compromising on space,” he said.
“Instead, they are upgrading to a brand new apartment with all the modern luxuries and lifestyle amenities at their doorstep.
“This includes the newly reopened Hamilton Recreation Reserve, which boasts green space for cricket and football, an amphitheatre, picnic areas, a dog park and water play facilities, following a $10 million redevelopment.
“This space is proving popular with all ages, with plenty of room for people to keep active and healthy, for kids to explore and pets to play.”
Gallery House is now 90 per cent sold, with a mix of two and three bedroom apartments, ‘sky homes’ and penthouses for sale ranging from $575,000 to $2.795 million.
Three displays styled by Coco Republic are now open in Gallery House, showcasing the views and lifestyle on offer.
Located just six kilometres from the CBD, Gallery House has easy access to the CityCat, major arterial roads and motorways, key employment hubs and the Brisbane Airport; and direct access to the shops and restaurants of neighbouring Portside Wharf.
For more information on Gallery House visit the Sales & Display Centre at Portside Wharf or www.gallery-house.com.au
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