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 we step into 2026, home design is evolving in exciting directions — blending comfort, individuality, sustainability, and timeless style. Whether you’re preparing to list your property or helping a buyer imagine their dream home, these trends reflect what’s resonating with homeowners and designers alike. 1. Warm, Earth-Led Color Palettes … Read more
The Albanese government has followed in the footsteps of a few United Kingdom countries to offer a Shared Equity purchase model. It’s called the Help to Buy Scheme and is another support program alongside the Home Guarantee Scheme. But rather than guaranteeing the deposit, the government is giving money for … 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’.
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Interior Design Trends Shaping Homes in 2026 — What Buyers and Sellers Need to Know
As we step into 2026, home design is evolving in exciting directions — blending comfort, individuality, sustainability, and timeless style. Whether you’re preparing to list your property or helping a buyer imagine their dream home, these trends reflect what’s resonating with homeowners and designers alike. 1. Warm, Earth-Led Color Palettes … Read more
Read Full Post
CONSTRUCTION, NOT MORE COMPETITION, NEEDED TO HELP BUYERS GET INTO THE MARKET
The Albanese government has followed in the footsteps of a few United Kingdom countries to offer a Shared Equity purchase model. It’s called the Help to Buy Scheme and is another support program alongside the Home Guarantee Scheme. But rather than guaranteeing the deposit, the government is giving money for … Read more
Read Full Post