Architects News


Will Brisbane’s housing shortage drive up prices?

It is generally accepted that there is a shortage of houses in and around Brisbane. More and more people seem to be moving here at a rate that seems to be outstripping the ability of the property market to keep up.

And of course a shortage of property has to eventually drive up prices, doesn’t it?

Well the founder of the Property Club, Kevin Young believes it does as he explained in a Suzanne Colville article on The World News Magazine.

“The significant demand for property in Brisbane is moving so quickly that developers are struggling to keep up. At The Property Club we have over 100 buyers waiting to invest, however sourcing completed suitable stock is becoming increasingly difficult. This is the tip of the iceberg of an ever growing Australian housing supply shortage,” Kevin said.

Of course I would expect someone in the property development market to suggest that the market is set to boom, but is it going to suddenly explode in the next 12-18 months given the state of finances in Europe and the US?

I must admit I’m not quite so sure. However I do agree that investing in property is a great idea regardless. But which properties are going to give the best returns?

Well time and again I see the properties that do best are those that have been well designed. The better homes sell faster and hold their value far better. So should you be rushing out and buying an investment property or investing in your own home?

Well of course that’s a matter for you to discuss with your financial advisor as each person’s situations can be quite different. Personally I would invest in renovating my own home for a future capital gain as I am not as confident of the markets medium term growth for average, un-renovated properties.


Ipswich set to boom?

There’s no doubt that Ipswich has gone ahead over the past decade, with growth in business, employment and infrastructure. It has also experienced significant growth in terms of property prices, with many predicting it will outpace Brisbane over the coming year.

Kieran Banks of The Queensland Times reports that real estate analyst Terry Ryder – founder of – sees the potential for Ipswich to perform twice as well as its capital city neighbour.

IPSWICH real estate capital growth is tipped to double the return of Brisbane properties in three years, experts predict.

The property market’s slow recovery is expected to continue this year with signs of brighter future on the horizon.

But the three-year outlook is promising, according to real estate analyst and founder Terry Ryder.

Mr Ryder expects the capital growth of Ipswich properties to rise by 15% over the next three years, compared with 7.5% in Brisbane properties.

Whether or not Ipswich does perform as expected remains to be seen, but I have long viewed the city as one with great investment opportunity and in a real estate investment market that is still a little hit and miss at the moment, all indicators are that Ipswich is one of the safer bets in 2013.


Commonsense must take over from regulation

Laws that were introduced to, in part, help battle future water shortages are set to be scrapped by the new state government.

LAWS mandating the installation of rainwater tanks on all new homes built across Queensland will soon be scrapped by the Newman Government.

Housing Minister Tim Mander, announcing the decision on Friday, said the move could potentially save homeowners more than $5000.

The law was introduced by the former Labor government as the state battled a 10-year drought.

A number of people I have spoken to are concerned by this move, pointing to the fact that severe droughts will occur again at some point in the future. Of course droughts will occur again, perhaps quite soon, but the argument then becomes one of – Should people be forced to install rainwater tanks and energy saving devices (which are also part of the soon to be scrapped laws) by law, or should people be allowed to make up their own minds and use some commonsense?

I personally can see both sides of the argument and regardless of my own personal opinions I can’t change the mind of government. But commonsense dictates that people should still install these sustainable devices of their own volition.

The cost of water is high and I can only see it get more expensive. Therefore rainwater tanks, whilst a reasonable investment initially, will save you money over time. And rainwater tanks of today can be quite long lasting making them a great investment.

As for power saving devices, well given the skyrocketing cost of electricity, it pays to save money anywhere you can.

So whilst the removal of these laws may be a negative, it is my hope that as individuals we can all make the right choices without being forced to. Whether or not this will happen remains to be seen.

For home designs with or without water tanks please contact us



Property market to strengthen in 2013

There were plenty of signs of improvement in the property market in 2012, particularly in the past few months. And according to a recent article in the Brisbane Times by Marissa Calligeros, some people are predicting as much as a 5% increase in Brisbane house prices next year.

Brisbane house prices are tipped to increase up to 5 per cent next year, with investors set to lead the charge, according to Australian Property Monitors.

With the year coming to an end, economists are looking to 2013 with hope the market can continue its recovery.

And there is reason to believe it can, with interest rates now at their lowest point in years.

With rental rental yields of about 5.24 per cent in Brisbane – the highest of any other capital city – investors should return to the market APM senior economist Andrew Wilson said.

This view is supported by the Bendigo Bank/Real Estate Institute of Australia real estate market report according to an article in the Courier Mail recently.

REIA president Peter Bushby said prices were expected to improve in 2013.

“We expect to see increased growth in the market based on improving affordability, coupled with recent interest rate reductions,” he said.

“The rate cuts were a step in the right direction, and should encourage investors to start looking at investment properties.”

Brisbane property prices are certainly more affordable than Sydney or Melbourne. And with the Victorian property market looking sluggish at best, don’t be surprised to see even more investors turning to South East Queensland in the coming 12 months.


Property market set to stay strong according to ANZ property guru

There has been a lot of doom and gloom talk about the economy, particularly with the mining boom showing signs of beginning to slow. And with this there has been plenty of negative talk about the state of the property market as well.

So in light of this I was interested to read this article written by Paul Kounnas about a recent talk given by Paul Braddick the Head of Property Research at ANZ:

Paul Braddick said the global uncertainty was keeping markets on edge and although the Australian economy may be a two speed economy, he believes it is poised to outperform.

Housing sentiment is weak but the fundamentals according to Paul Braddick are solid. Improved affordability, housing shortage and population growth limits any downside.

Paul goes on to explain that he believes the two speed economy is set to favour the Northern Territory, Western Australia, South Australia and (fortunately for us) Queensland, and that it’s only a lack of consumer confidence that is stopping the housing market from growing again.

This further reinforces my point that the time to buy, build and/or renovate is NOW. The property market will start growing again soon enough, and the ultra competitive pricing that we are seeing from builders and suppliers will soon enough be a thing of the past.