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Brisbane's growth will fundamentally change its residential market

Thursday August 28th, 2014

Currently Brisbane ranks as Australia’s third largest city with a population of 2,143,121.

Over the next five years the city is expected to grow by 11.2%, attracting some 215,000 new residents. By comparison Sydney is expected to grow by 8.1% and Melbourne 10.4%, while Perth is looking to out perform all its rivals with a growth rate of 16.5%.

Brisbane has a close association with the Gold Coast/Tweed and in combination this adds a further 605,134 to the population base of almost 2.8 million in the south-east region. The area is also expecting to grow at a rate of 11.2% over the next five years, which adds to the economic muscle and growth potential of the region.

However regardless of the continued rivalry between our capital cities, Brisbane appears to have all of the settings in place for a period of sustained expansion and that growth is going to change the character of the local real estate market, in particular the apartment market.

To look more closely, let’s first establish a general appreciation of the market in order to gain an understanding of the appeal of new developments in Brisbane. A brief summary of the immediate past and the big picture planning for the future will help take a fuller account of how Brisbane is now being propelled into the future and why it’s an emerging and appealing apartment market.

Source: Property Observer

China's richest man commits $900m to Gold Coast Real Estate

Tuesday August 26th, 2014

China’s richest man, Wang Jianlin, has committed $HK12.5 billion ($1.7 billion) to invest in Australian real estate including the construction of a $900 million beachfront resort on the Gold Coast.

Property experts say the deal could herald a new dawn of Chinese property investment in Australia.

Mr Wang, the chairman of the Hong Kong-listed Wanda Group, took over the top spot on the Forbes China Rich List for the first time last year after a rebound in property prices.

In a statement to the Hong Kong Stock Exchange Wanda Group said it would pay for the new resort, known as The Jewel, through internal resources and a mixture of debt and equity.

Mr Wang’s Wanda has already been on a global buying spree picking up London high rises as well as US movie chain AMC Entertainment and ­Sunseeker yachts.

The Jewel has state approval for up to three high-rise buildings containing a resort hotel, apartments, office and recording studio, restaurants and cafes. The site can accommodate a total building area of up to 147,000 square meters.

The decision by Wanda represents the financial power of the Chinese investors and

Source: Financial Review

Melbourne is the world's most liveable city, again

Tuesday August 26th, 2014

Melbourne has retained its status as the world's most liveable city for a fourth consecutive year, outscoring three other Australian cities in the top 10.

The Economist Intelligence Unit's Global Liveability Index found Melbourne to be ahead of 139 other cities, with the city scoring well across a range of criteria, including health care, culture and environment, education and infrastructure.

It also scored a perfect 100 points in the sub-category of sport.

Vienna ranked second in the survey, with Adelaide (5th), Sydney (7th) and Perth (9th) also polling well.

The award comes after Melbourne was ranked by Conde Nast Traveller magazine as the world's friendliest city.

In addition to this, Auckland has again been ranked in the top 10 most liveable cities in the world. Auckland polled an overall score of 95.7 – less than two points behind Melbourne on 97.5.

Its highlights were 100 in education and 97 in culture and environment, which was above Melbourne’s score of 95.1 in the category.

Source: Sydney Morning Herald & Stuff.co.nz

Melbourne’s population to grow to 8 million

Monday July 21st, 2014

Melbourne’s population is likely to almost double to 8 million people by the middle of the century, with Victoria’s population swelling to around 10 million, according to a government report Victoria in Future.

Victorian Planning Minister Matthew Guy, suggested that 720,000 extra people will live within Melbourne’s suburban boundaries by 2031.

REGIONAL GROWTH
The report predicts that more than half of the regional growth the state will see up until 2051 will come from people moving out of Melbourne to towns like Geelong, Ballarat and Bendigo.

WE'RE HAVING MORE BABIES
The report also showed the tide had turned on falling fertility rates. Mr. Guy said:

“Since the early 1970s, our fertility rate has been falling and the number of children born every year has remained virtually unchanged. But now that’s turned around, with twice as many babies expected to be born in 2050 than in 2000.”

This natural population increase would mean that, as a result of more children being born and a longer life expectancy, there would be an increase of 1.8 million people in Victoria by 2051.

Life expectancy for those born in 2051 is also expected to have increased to 87.6 years for males and 89.9 years for females.

Now if this isn’t going to underpin Melbourne’s property markets I don’t know what is!

Source: PropertyUpdate.com.au

6 Habits of Successful People

Tuesday July 15th, 2014

Why are some people, be it property investors, business people or entrepreneurs, more successful than others?

1. KEEP YOUR EYE ON THE BALL

Don’t let the obstacles in your path keep you from your goals.

View challenges as opportunities to learn and grow. To stay ahead, in business or anything else, you must be able to see situations from all angles and adopt the broadest possible perspective.

2. LEARN HOW TO SAY NO

It’s far better to say no to a project you aren’t fully able to take on, rather than say yes and produce poor quality work or lose your focus on what matters most.NO

Learning to say no when it is in your personal best interest, or in the interest of your company, is an extremely valuable skill.

Make a list of the things that are most important to you and that you must do yourself, and then delegate the things that can and should be done by someone else. Free yourself from daily busywork and you’ll open up time for new opportunities

3. KEEP A DAILY PLAN OF ATTACK

You know the old saying: “Whatever isn’t written down won’t get done.”

As much as we like to think we can remember our most important tasks, when the workday gets busy and meetings run long it’s easy to forget some of the things we need to get done.

Each morning write out a detailed plan of attack for the day. Not only will this list keep you more organized, but seeing the list in front of you may help you work harder and ignore distractions.

4. WELCOME CRITICISM

Learn to listen to and absorb the criticism that you get.

Hateful and negative criticism should be heard, assessed, and then let go, while constructive criticism should be evaluated and acted upon.

Solicit feedback from people whose opinions you value. Remember to be gracious when receiving feedback; when you are, your co-workers and friends will be more likely to give you their support and ideas in the future.

5. TRUST YOUR INSTINCTS

Intuition is very real and something that is never wise to ignore, because it comes from deep within your subconscious and is derived from your previous experiences in similar situations.

If your mind is telling you “yes” but your gut is telling you otherwise, it’s usually for a good reason. When faced with difficult decisions, seek out all the information you can find, become as knowledgeable as you can, and then heed your instincts.

6. TAKE RISKS

It’s impossible to become successful while always playing it safe.

Taking well-calculated risks can bring previously unimaginable opportunities to both your career and your personal life. When taking a risk doesn’t pan out the way you had hoped, simply learn from it and keep moving forward.

Remember that big dreams and great success aren’t realized by playing it safe!
So there you have it:

These are six things that very successful people do every day.

Embrace these habits and you can greatly accelerate your own success.

Source: PropertyUpdate.com.au

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