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 screeching 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.
Australia’s property market is shifting quickly in 2026 as governments and regulators roll out new rules that could change the way you buy, build, finance and rent homes this year. From tighter lending standards to changes in grants and rental rights, here’s what’s on the horizon. 1. Stricter Home Loan … Read more
In the now famous The Simpsons episode in 1996, Helen Lovejoy quoted: “Won’t somebody please think of the children”. That statement has found itself into popular culture over the last few decades and was wittily mused by Simpsons lovers as house prices sharply rose post Covid-19. But over the last … Read more
Cush for Comment | June 29th
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 screeching 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’.
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9 Major Property Changes Aussie Home Buyers and Renters Need to Know in 2026
Australia’s property market is shifting quickly in 2026 as governments and regulators roll out new rules that could change the way you buy, build, finance and rent homes this year. From tighter lending standards to changes in grants and rental rights, here’s what’s on the horizon. 1. Stricter Home Loan … Read more
Read Full Post
Forget the Children. Wont somebody please think of the boomers.
In the now famous The Simpsons episode in 1996, Helen Lovejoy quoted: “Won’t somebody please think of the children”. That statement has found itself into popular culture over the last few decades and was wittily mused by Simpsons lovers as house prices sharply rose post Covid-19. But over the last … Read more
Read Full Post