Recent News

Lending For Construction Purposes

Housing finance figures released on Wednesday (11 July 2012) by the Australian Bureau of Statistics revealed the highest number of Queensland owner-occupiers borrowed to construct a new home in May since March 2010. Lending for the construction or purchase of new homes performed strongly in May in Queensland – up 33.5%. Over the full May…

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Approvals Rebound in May

Housing approval figures (ABS 2012) reveal that dwelling approvals rebounded strongly in Queensland in May. Claire Panos, Chairperson for Urban Edge UDIA Gold Coast, said the bounce back in approvals gave renewed hope in the industry. “After a weak period in April, the increase of 10.4% signifies optimism, even though the full quarter results fell,”…

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Strata Living on the Rise

According to the census data released last week by the ABS, there has been a reasonable shift towards more people living in units and townhouses, with the proportion of people living in detached houses falling by one percentage point between 2006 and 2011. Dwelling structure Australia % 2006 % Separate house 5,864,573 75.6 5,472,527 76.6…

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Units More Resilient To Value Falls Than Houses

Units have been more resilient to value falls than houses, according to Tim Lawless, RP Data research director. “Unit values across the combined capitals increased in May and they are up by 1.3 percent over the first five months of the year. Based on median prices, unit prices are generally around 15 to 20 percent…

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Valuations Killing Home Sales in Queensland

CEO of UDIA Queensland, Brian Stewart, discusses valuation of new residential dwellings in Queensland for lending purposes in an in depth report of the same name. A wide range of findings were discussed and recommendations were made on how to address the most pressing issues. Here is a summary of the report written by Brian,…

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Hotel Demand To Outgrow Supply

Hotel occupancy rates are set to increase from 65% – 68% by the end of 2014 according to the Deloitte Access Economics Tourism & Hotel Outlook Q2 2012 report. This represents the highest rate of increase seen in decades with the report forecasting that occupancy rates will reach 60% in regional Australia and 80% in…

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Top 10 By Laws every First Community Management Statement (CMS) should have

(in no particular order) Exclusive Use: Original Owners Right to allocate common property or body corporate assets. Supply of Services: Including the right to enter into agreements, contracts, licences, leases or any other agreements in connection with the supply/on supply of services to receivers and service infrastructure used in connection with a system. Rubbish/Garbage Disposal:…

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