Talking to a developer friend this week, he told me of the bizarre predicament he is currently facing.
He can get approvals from the council, which is a tick.
He can get pre-sales from buyers – another tick.
The banks are happy to fund, so you’d think there’s the trifecta.
However, he can’t guarantee construction costs or timing, which freezes the entire project, even once it’s started, and it has seen some apartment complexes just screech to a halt mid-build.
This has forced some developers to go back to their buyers and request an increase on their agreed offers, which many buyers are prepared to do because they see the alternative is no sale at all.
But, even with these increases, it is still not smooth sailing due to the uncharted building landscape we are currently facing.
Each new week sees more opportunities and stimulation for the building sector. The intentions are great, but the resources are limited, and the road out is not yet clear.
The answer is not easy, but it points clearly to one outcome.
Resale prices can’t fall, they can only rise to these new prices, which will only continue to power the existing unit market.
This market has seen strong growth over the last two years, but it looks like records are about to be broken all over the city.
I’m excited to follow arguably Brisbane’s biggest and best unit, the penthouse atop Riparian Plaza, which is being marketed by Matt Lancashire, and what can be achieved for an international apartment in our city.
As temperatures drop and the days grow shorter, our homes become more than just a place to stay—they become our winter sanctuary. In Australia, winter comfort isn’t about heavy insulation—it’s about atmosphere, warmth, and embracing the simple pleasures of indoor living. Here are eight thoughtful ways to create a cosy, … Read more
There are some significant changes coming to the way we sell property in Queensland. There is a new document – Sellers Disclosure – and it will be required to be provided from the seller to the buyer prior to signing a contract from August 1. New documents or changes to … Read more
Cush for Comment – JUNE 29
Talking to a developer friend this week, he told me of the bizarre predicament he is currently facing.
He can get approvals from the council, which is a tick.
He can get pre-sales from buyers – another tick.
The banks are happy to fund, so you’d think there’s the trifecta.
However, he can’t guarantee construction costs or timing, which freezes the entire project, even once it’s started, and it has seen some apartment complexes just screech to a halt mid-build.
This has forced some developers to go back to their buyers and request an increase on their agreed offers, which many buyers are prepared to do because they see the alternative is no sale at all.
But, even with these increases, it is still not smooth sailing due to the uncharted building landscape we are currently facing.
Each new week sees more opportunities and stimulation for the building sector. The intentions are great, but the resources are limited, and the road out is not yet clear.
The answer is not easy, but it points clearly to one outcome.
Resale prices can’t fall, they can only rise to these new prices, which will only continue to power the existing unit market.
This market has seen strong growth over the last two years, but it looks like records are about to be broken all over the city.
I’m excited to follow arguably Brisbane’s biggest and best unit, the penthouse atop Riparian Plaza, which is being marketed by Matt Lancashire, and what can be achieved for an international apartment in our city.
That’s a ‘watch this space’.
Latest News
8 Cosy Winter Styling Ideas for the Australian Home
As temperatures drop and the days grow shorter, our homes become more than just a place to stay—they become our winter sanctuary. In Australia, winter comfort isn’t about heavy insulation—it’s about atmosphere, warmth, and embracing the simple pleasures of indoor living. Here are eight thoughtful ways to create a cosy, … Read more
Read Full Post
How The New Sellers Disclosure Will Impact The Sales Process
There are some significant changes coming to the way we sell property in Queensland. There is a new document – Sellers Disclosure – and it will be required to be provided from the seller to the buyer prior to signing a contract from August 1. New documents or changes to … Read more
Read Full Post