October 25, 2016
by Michalina Lisik

A look into Sunnybank’s Market Square Redevelopment – Brisbane Development


Sunnybank’s popular restaurant precinct known as Market Square is getting a $40 million redevelopment which will see an additional 7,911 sqm of retail space and 304 car parking spaces. 

The development application which has now been approved by the Brisbane City Council proposes a new four level structure with retail tenancies facing onto the corner of Mains Road and Mccullough Street as well as a second story expansion. 

In recent years the Sunnybank shopping strip has become synonymous with late night trading and as a response has worked with council to ensure potential noise generating issues are rectified. 

For more information, please visit https://brisbanedevelopment.com/look-sunnybanks-market-square-redevelopment/

October 25, 2016
by Michalina Lisik

New $200 million development will create 580 jobs – The Queensland Times

New $200 million development will create 580 jobs

EPIQ, the new $200 million Lennox Head Development will create over 580 new jobs for the area, the majority of which will be given to local residents, according to developer Clarence Property.

It is the largest privately funded civil works project between the NSW mid-north coast and Queensland border and will deliver up to 355 jobs during construction and a further 245 ongoing jobs in the project’s shopping precinct once finishe.

Clarence Property claim that they have already awarded $16 million in work to Northern Rivers businesses from Lismore, Ballina and Lennox Head. 

Managing director of Clarence Property Peter Fahey says that the Epiq project is all about creating a new community by supporting the current one. 

“It’s important for Lennox-Ballina residents to be able to take ownership of Epiq – this is a project being created by the community, for the community,” Mr Fahey said. 

He asserts that 70 per cent of those that have purchased sites are local. 

“About 70 per cent of people who have purchased in Epiq to date are from the Lennox-Ballina area, so we are really investing in the lifestyle of our future residents,” he said. 

One of the locals investing in Epiq civil engineer Josh Blackler from Lismore firm Newton Denny Chapelle, who purchased a homesite the same week as marrying his wife and is excited to move in. 

“Working at Epiq means that I can watch our new community take shape and I’m really looking forward to moving into our new home early next year,” Mr Blackler said.

For more information, please visit http://www.qt.com.au/news/it-is-a-new-land-development-of-epiq-proportions/3102910/

October 25, 2016
by Michalina Lisik

Housing Demand Rises for Investors, Declines for Owner-Occupiers – Your Investment Property

Housing Demand Rises For Investors, Decline  For Owner-Occupiers

With $19.5 billion worth of finance commitments, the value of lending to owner-occupiers has fallen over two consecutive months to August 2016. Meanwhile, investor lending rose for the fourth consecutive month, with finance commitments reaching $11.7 billion in August 2016.

According to the August 2016 housing finance data from the Australian Bureau of Statistics, mortgage borrowing from owner-occupier comprised of $1.8 billion for dwellings construction, $1 billion for purchase of new dwellings, $6.4 billion for refinancing of established dwellings, and $10.2 billion for purchase of established dwellings. 

Though refinancing and purchase of established dwellings have trended lower over recent months, CoreLogic head of research Cameron Kusher believes that refinance activity will increase over the coming months. 

As for the $11.9 billion in investor mortgage lending, it was split between $0.9 billion in construction lending and $11.1 billion for established housing. 

“Although investment demand is lifting, it is not expected to lift to the substantial levels recorded earlier in the current housing cycle,” said Kusher. 

“The fading demand from owner-occupiers reflects that many have already upgraded or downgraded in the current cycle.”

For more information, please visit http://www.yourinvestmentpropertymag.com.au/news/housing-demand-rises-for-investors-declines-for-owneroccupiers-225184.aspx

October 25, 2016
by Michalina Lisik

Draft South East Queensland Regional Plan released – Urbanalyst

Draft South East Queensland Regional Plan released

The Queensland Government last week announced the release of the draft South East Queensland Regional Plan, which provides a 50 year vision for the South East, with a focus on community, affordable living, future jobs and maximising existing infrastructure. 

Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said the plan was developed through extensive consultation with the region’s 12 councils, industry and the community. 

“It’s vital that the SEQ Regional Plan reflects the values, needs and great ideas of the community which is why we worked in close partnership with the region’s 12 Mayors and consulted with South East Queenslanders to develop this draft plan,” Ms Trad said. 

“The population of South East Queensland is expected to grow to over 5.3 million people in the next 25 years and the draft SEQ Regional Plan is all about catering for this growth sustainably. 

“We are looking, for the first time, beyond the boundary of a 25-year plan and have developed a 50-year vision that looks ahead to the region’s longer-term future and how SEQ responds to global changes. 

“Throughout the State we are seeing innovative new industries emerge, the delivery of exciting urban renewal precincts and more and more people choosing to call Queensland home.

“Through smart planning we can ensure that we are ready to capitalise on the transition to a services and knowledge driven economy. That means a lift in economic growth and more jobs for Queenslanders.”

Ms Trad said one of the important features of the draft SEQ Regional Plan was a focus on unlocking land that has been identified for urban development but has so far been underutilised. 

“The draft plan focuses on affordable living – not just affordable housing – and looks at the way that people interact with their community and the services around them. 

For more information, please visit http://www.urbanalyst.com/in-the-news/queensland/4194-draft-south-east-queensland-regional-plan-released.html

October 14, 2016
by Michalina Lisik

August Sustains High Number of Dwelling Approvals – Your Investment Property

August Sustains High Number of Dwelling Approvals

Despite falling by 1.8% over the month of August, residential dwelling approval figures remain strong, registering a 10.1% increase from last year’s figures.

According to the latest data from the Australian Bureau of Statistics, there were 20,788 dwellings approved for construction in August 2016 – just a tad bit lower than the previous month’s figures.

“Despite the slight fall in approvals over the month, they still remain at very high levels on an historic basis indicating that there remains a level of confidence from property developers that they can continue to bring new stock to the market and attract a sufficient level of demand to make a profit,” said CoreLogic head of research Cameron Kusher. 

Of these approvals, 11,313 were for units and 9,475 were for houses – continuing the trend of higher unit approvals over the past year emphasises the growing shift towards densification. There is also a prevalence of high-rise unit development, with 232,232 high-rise units approved over the four years to August 2016 – double the number of townhouse approvals. 

“We anticipate that approvals will slow over the coming year. However, they are likely to remain high on an historic basis,” said Kusher. 

“With tighter lending policies, particularly for investors, it is reasonable to expect that once the slowdown occurs, it is likely to impact on the unit market more so than the detached housing market which tends to be dominated by owner-occupiers more than investors. 

For more information, please visit http://www.yourinvestmentpropertymag.com.au/news/august-sustains-high-number-of-dwelling-approvals-224807.aspx

October 14, 2016
by Michalina Lisik

ABS releases figures on new home loans – Australian Property Investor

ABS releases figures on new home loans

Housing finance figures released by the Australian Bureau of Statistics today show the number of loans to homebuyers declined in August 2016, although lending to households building or purchasing new homes improved slightly. 

The total value of mortgages for new dwellings was $3.7 billion, a fall of 4 per cent over the month, and adding to three consecutive months of negative growth. 

Mortgage lending for new dwellings is now at its lowest level since September 2015. 

In total, there were 34,349 loans to owner-occupiers purchasing homes (excluding re-financing), down by 1.3 per cent on July’s result and 7.4 per cent lower than the number recorded in the corresponding month last year.

Lending to households building or purchasing new homes fared a little better during the month. The number of loans for construction increased by 3.7 per cent in August, but was still 1.7 per cent down on the level recorded year ago. The number of loans for the purchase of new homes was essentially unchanged in the month (-0.3 per cent) at a level 5.7 per cent higher than a year earlier. 

“It is pleasing to see lending in the new home market holding up in an environment where we are seeing the number of loans to homebuyers easing across the housing market more broadly,” HIA economist Geordan Murray says.

“Looking more closely at lending for new homes, the number of loans for construction has been gradually trending down since late 2014. 

“This segment of housing finance is closely aligned with the detached house building market and lending activity has been generally consistent with expectations given the level of detached house activity.”

“In contrast, the number of loans to those purchasing newly built homes has been steadily trending higher.”

For more information, please visit http://www.apimagazine.com.au/2016/10/figures-new-home-loans-released/

October 13, 2016
by Michalina Lisik

Multi-million dollar revamp to change Boonah’s iconic look – The Queensland Times

Multi-million dollar revamp to change Boonah's iconic look

There will be some major changes to Boonah’s iconic town centre over the next few decades. 

Council has developed multi-million dollar draft master plans for Boonah, Beaudesert and Tamborine Mountain, dubbed the Vibrant and Active Towns and Villages initiative. 

There are 15 projects planned for Boonah, with some already under way.

The total revamp cost is expected to reach $3,575,500, with funding coming from council and sought from government assistance programs. 

The list of projects include more car parks, Melbourne-style laneways, beautification of the main street and surrounds, community art projects and a purpose-built town square and even piazza designed by John Mongard Landscape Architects. 

Scenic Rim Regional Council wants residents to have their say on exactly how they want their main streets improved.

Mayor Greg Christensen said hundreds of residents had already contributed to the consultation process by providing feedback at events and through print and online surveying. 

“We want to ensure residents are given plenty of time to contribute to this important process,” he said. 

“These master plans represent an opportunity to make a generational commitment and investment towards enhancing our town centres.”

Cr Christensen said the revitalisation project would mean job creation and an increase in tourist dollars. 

“The master plans provide a framework for enhancements to the built environment of the three town centres through the delivery of infrastructure and streetscape improvements which reflect the unique personality and characteristics of each (town),” he said. 

The town’s signature project, Boonah Town Square, has been short-listed for State Government funding assistance under the Building Our Region’s program.

For more information, please visit http://www.qt.com.au/news/multi-million-dollar-revamp-to-change-boonahs-icon/3099235/

October 13, 2016
by Michalina Lisik

Retired Tenants Face More Financial Stress – Your Investment Property

Retired Tenants Face More Financial Stress

Australians who are renting even in retirement are facing more financial stress than those who own their homes, a new paper from the Swineburne University has revealed. Furthermore, those who still do not own a home in their late 40s are also less likely to get one later on. 

Around 426,000 Australians aged 50 and above are living alone or with a partner in private rentals, but it is predicted that this would balloon to more than 800,000 by 2050.

“That will put a lot of pressure on the pension system and even more pressure on the rental market, which does not cater to older people on low incomes as it is,” said Adrian Pisarski, executive officer of National Shelter.

As a result, the study’s authors called for the axing of capital gains tax concession and the reinstatement of death duties in order to reduce the widening wealth gap between homeowners and non-homeowners. 

“Housing is probably the key way of generating wealth, but people who are unable to purchase or fall out of home ownership will find that they don’t have as much wealth in retirement,” said research author Andrea Sharam. 

For more information, please visit http://www.yourinvestmentpropertymag.com.au/news/retired-tenants-face-more-financial-stress-224804.aspx

October 13, 2016
by Michalina Lisik

Rising Property Values Present a Golden Opportunity for Investors – Your Investment Property

Rising Property Values Present a Golden Opportunity for Investors

Residential property values in Australia continue to increase since June, providing exciting business opportunities for the savvy real estate investor. 

According to globalpropertyguide.com, Sydney’s house price rose by 3.6% in June after experiencing property values declines for six consecutive months. Meanwhile, Melbourne posted an 8.2% increase in property values over the past 12 months, marking the most profound growth of any capital city in the said time period.

Other cities also registered gains, including Canberra at 6%, Hobart at 4.9%, Brisbane at 4.3%, and Adelaide at 3.5%. This has led to an 8.2% increase in the average price of a house in Australia at $623,000. However, both Perth and Darwin posted losses of 4.8% and 6.5%, respectively. 

With most capital cities posting satisfactory growth numbers for 2016, it looks like Australia’s real estate market is set to continue growing. This is great news in general for seasoned investors, but those who are looking for their first investment might need to take some form property development loans or mezzanine finance property development to get started. Many financial institutions provide these services, so it is very important to do solid research and stock up on capital before entering the real estate investing market. 

For more information, please visit http://www.yourinvestmentpropertymag.com.au/news/rising-property-values-present-a-golden-opportunity-for-investors-224604.aspx

October 13, 2016
by Michalina Lisik

Coast may allow higher buildings, more intense development – The Queensland Times

Coast may allow higher buildings, more intense development

The Sunshine Coast may allow even higher buildings in its planned $6 billion CBD and more intensive development along the $2 billion light rail system corridor. 

Mayor Mark Jamieson, speaking at a Property Council luncheon at Kawana, said the Maroochydore CBD and light rail corridor – both set well back from the beach – offered opportunities to tackle housing affordability. 

The new city centre could accommodate up to 75,000 sqm of retail floor space, 165,000 sqm of commercial floor space, around 2,000 new residences, major transport infrastructure, civic buildings plus significant areas of public open space. 

Currently, maximum building heights for the area range from six storeys (approx. 25m) up to 15 storeys (approx. 50m). Opportunities also exist on a number of key sites for iconic building up to 20 or 25 storeys. 

The council hopes the first stage of the light rail, between Maroochydore and Kawana, could start between by 2025.

Mr Jamieson said ultimately it could run from Beerwah to the Sunshine Coast Airport, taking in some of the Caboolture to Maroochydore rail corridor route before coming in closer to the Nicklin Way. 

Maroochydore Revitalisation Association president James Birrell recently told the Daily about 100,000 to 200,000 extra people could be accommodated along a major transport route. 

The Coast’s population is expected to grow to 500,000 by 2031. 

Mr Jamieson said there may be ‘some high density’ development along the route, and in the CBD over the next 20 years.

But he said the council had no plans to be like the Gold Coast with high rise on the beach. 

For more information, please visit http://www.qt.com.au/news/coast-may-allow-higher-buildings-more-intense-deve/3098199/#/0