News Articles


Hot spots tipped to lead property price growth charge - May 2017


BRISBANE’S cheap and cheerful outer suburbs have been tipped as the property hot spots for 2017. Suburbs within the greater Brisbane area but outside of the Brisbane City Council ring are benefiting from increased transaction numbers with price growth expected to follow. Property analyst Terry Ryder of Hotspotting said the Brisbane property market was doing better than many realised. He said most figures released in relation to Brisbane’s performance were a whole of city figure which did not show just how well some areas were going. “Cities like Brisbane have precincts which have had double digit price growth in some of the recent years but it has not been happening right across the board,’’ Mr Ryder said. “We had a period in 2014 where inner city suburbs were moving and some of those inner city suburbs like Paddington and Red Hill had strong growth. It has gradually gravitated out. I’d say in 2015 it was particularly on the northside, man...

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Redcliffe Peninsula Chamber of Commerce releases 20-year vision for area - April 2017


A GROUP representing businesses in this bay area have big plans for the next 20 years including a world-class maritime precinct and man-made island. Redcliffe Peninsula Chamber of Commerce presented its vision to more than 100 people in March this year and will continue talks with government and community stakeholders as it shifts into phase two. President Ryan Elson said feedback had been positive. He said the chamber had presented its ideas to Moreton Bay Regional Council before the meeting and had been invited to a second meeting on March 29. A council spokeswoman said it would discuss what ideas could be incorporated as part of the Draft Redcliffe Foreshore Master Plan, along with other ideas received from the community. “Some of the ideas outlined in the chamber’s plan are already being considered by council as part of the Redcliffe Peninsula Foreshore Master Plan, such as the development of a floating water park, coffee carts and more on-water hire activities,&rdqu...

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Mutliple owners of an investment property increase depreciation claims - April 2017


Split reports help accelerate deductions   An increase in BMT Tax Depreciation Schedules for more than one owner suggests co-ownership is becoming an increasingly popular trend. Owning a property with others can provide improved purchasing power. This can be particularly useful in capital cities where it can be difficult to break into the property market. It can also balance out the expenses of owning an investment property including ongoing repairs, maintenance and fees. Additionally, co-ownership can provide improved depreciation deductions, allowing more items to be depreciated at a higher rate. This is where a BMT Tax Depreciation split report can assist.   How does a split depreciation report work?   A split report calculates depreciation deductions based on each owner’s percentage of ownership for each asset. This involves splitting the value of the assets based upon each owner’s interest in the assets before applying depreciation rules. In a s...

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Brisbane property record smashed: mansion sells for $18.48m - March 2017


An exclusive clifftop mansion at Kangaroo Point has smashed the Brisbane residential property record, selling after only five weeks for a whopping $18.48 million. The sale of 1 Leopard Street, Kangaroo Point, eclipses the previously held Brisbane record of $14 million, when Australia’s richest person Gina Rinehart bought a home in Aaron Avenue, Hawthorne, in late 2014. It’s a staggering result for marketing agent Matt Lancashire, principal of Ray White New Farm, who billed it as “Brisbane’s most exclusive home” when he put it to market last year in October. Perched on the precipice of Kangaroo Point cliffs, the views from 1 Leopard Street are arguably the most spectacular in all of Brisbane. There was never a set asking price for the five-bedroom residence, which features an internal lift, gym, steam room and climate-controlled wine cellar.  With 71.7 metres of uninterrupted direct city and river view frontage, ...

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Pick of the bunch: where to buy and sell in Brisbane for 2017 - February 2017


House prices were projected to grow across Brisbane in 2017 but several areas will outperform the rest.  Domain Group chief economist Andrew Wilson picked the following nine suburbs where buyers could expect strong returns on investment and vendors could expect strong interest in their properties.  The suburbs were picked because of strong growth over the past few years, high sales, and high demand.  Prestige suburbs: Hawthorne, Highgate Hill, Kelvin Grove. Dr Wilson said of the three, Hawthorne was his top pick for Brisbane’s high end market. “It’s almost a no brainer,” he said. “The name itself helps keep it in the prestige property market.” Buyers pick the blue-chip suburb for the proximity to the Brisbane River, CBD, schools, and entertainment precincts, Dr Wilson said. Premium suburbs: Sinnamon Park, Toowong, Burpengary East. Toowong would be the best performing suburb in the premium pr...

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Brisbane house prices rise 4.5 per cent - February 2017


Brisbane’s property market has managed to defy the odds and stay strong for buyers and sellers despite poor economic conditions last year.   The median house price is now $540,758, a jump of 4.5 per cent from $511,361 12 months ago.  A weak mid-year period caused some anxiety in the sector, but house prices in Brisbane had a strong last quarter of the year, according to the latest figures from Domain Group’s rental and house price report.  Domain Group chief economist Andrew Wilson said low migration, high unemployment, and low job security created the air of uncertainty. “Another very solid result and when we look at the regions, all regions recorded growth over the year,” he said. Suncorp senior analyst Darryl Conroy echoed Dr Wilson’s optimism. “From what I’ve seen, activity is picking up,” he said. “Some of those warnings of doom and gloom in property are starting to look a bit unfounded right ...

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