PPB Advisory has set up a new real estate business on the Gold Coast and is betting on a surge of activity within the next nine to 12 months. The group’s new office will be headed by former EY property partner Garry McLean and has already attracted major clients such as listed residential developer Sunland.
Watching the Block, the Renovators and Selling Houses Australia can easily give you the itch to want to renovate! It’s easy enough to paint some bedrooms, sand the floorboards and call yourself a renovator. Anyone can slap paint on a wall, but knowing exactly what you need to do to improve a space and increase
Boutique Queensland developer Urban Living Homes has launched a $37 million apartment project at Kangaroo Point in Brisbane called Willow. The 73-apartment project has council approval and will be built next year. It increases the number of projects where more than 20,000 apartments are in the pipeline. Urban Living Homes founder and owner Caroline Barry
Billionaire Harry Triguboff has declared the Newman government’s crackdown on criminal gangs at the Gold Coast a major factor in the recovery of the city’s property markets. Billions of dollars in new infrastructure, along with cheap funding, is also driving the comeback. At least six major residential developments were due to be launched before Christmas.
Banks such as ING and Suncorp and second-tier lenders Investec and GE, are pushing back into commercial property lending on the Gold Coast. Despite a poor period of unravelling impaired loans on the glitter strip during the financial crisis, the smaller financiers are developing an appetite as the market recovers. Smaller banks, known as “standardised”
The coming real estate boom on the Gold Coast will see some properties triple in value, according to independent finance and broking advisory house Fat Prophets. Chief executive Angus Geddes said the next Gold Coast cycle would supersede the previous boom. “The next cycle could prove to be a super-cycle driven by Chinese investment and
Most homebuyers signing on to new loans will be staring down the barrel of at least a $1 million mortgage, new research shows. Buying a home at Melbourne’s median price, $633,000 which a 20 per cent deposit and a variable 5.5 per cent interest rate will pay back $1.035 million over a 30-year loan term.
Listed groups are fighting it out to build key slabs of a $2 billion civic redevelopment in Sydney’s Parramatta. Charter Hall, Lend Lease, DEXUS, Leighton Properties, and private developers Centuria, Dyldam and Walker Group are in the running to develop stages two, five and six of Parramatta Square. Those stages of the Parramatta Square development
Leo Zhang and his wife have just bought an apartment in Harbour Quays, a master plan development north of the Gold Coast Highway. For Mr Zhang and his family, who only moved into the suburb eight months ago, the attraction of Harbour Quays for an investment is clear. “There are lots of families living here,”