April 8, 2014

Simple change could fix Queensland auction price guide laws

Current legislation not transparent.

The simple deletion of 19 words from the Property Occupations Bill 2013 would allow the broader legislation — that provides much needed improvements to transacting real estate in Queensland — to pass. In its current form, the legislation seeks to prevent agents from publishing a price guide for properties going to auction.

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April 8, 2014

The pros and cons of buying off-the-plan

The massive boom in unit development means more owner occupiers are ‘getting in early’

Buying off-the-plan can be a good move particularly if the property market is on the rise, as it is now. You only need to put down a deposit to secure “today’s price’’, it doesn’t matter if the market value has jumped by settlement time, you don’t have to pay more. But be careful. There are plenty of pitfalls.

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April 8, 2014

Apartments of the future – what changes will they bring?

Technology will make them unrecognisable from designs of today

Fast forward into the future. For starters apartment buildings will be close to self-sustainable according to Brisbane based Ellivo Architects. Organic solar technology will absorb light from the sun and turn it into electricity and heat. Rain water will be captured and converted to filtered drinking water using nano-filtration systems. Traditional furniture pieces will allow beds to morph into a table and then a sofa. Walls and bench tops will be touch screens. Car stackers will be inevitable in basement car parks.

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March 3, 2014

The centralisation trend in Melbourne is set to continue in 2014

Average incentives in Melbourne CBD office markets continued to increase this quarter, albeit fractionally, to an average of 37 months free (assumed 10 year lease term).

ABS estimates reveal that if current growth trends prevail, the Victorian capital will overtake Sydney as the nation’s most populous city by 2053.

Coupled with stagnant effective rents and high vacancy, the CBD is presenting an ever attractive value proposition for businesses hoping to upgrade their current tenancies.

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