STRATA & DEVELOPER NEWS ROUND UP

SSKB’s Developer Consulting Team would like to wish everyone a happy and safe Christmas Season and a prosperous 2017.

Before we sign off for the year, we thought we’d share some eye catching stories we’ve seen over the past few weeks.

Map Uncovers Lost ‘treasures’

A recently-discovered 105-year-old survey map of early Brisbane will allow Brisbane City Council to protect a further 147 older Brisbane “timber and tin” homes built before 1911.

Finding the 1911 survey map in the city’s archives has allowed Brisbane City Council to identify the “timber and tin” homes they were previously unaware existed.

Brisbane City Council and the Queensland Government were both embarrassed in early 2016 when a developer applied to demolish three Highgate Hill pre-1911 properties that Brisbane City Council’s modern-day property searches simply did not reveal.

Tenant’s Wish List Revealed

Luke Spence, business development manager with Beller Real Estate, reveals the six things tenants are looking for in their home and which developers and investors should take seriously.

Are Brisbane Apartments Too Hot To Handle?

Much of Brisbane’s new apartment stock is not built to handle the city’s sub-tropical climate, leaving residents short-changed in an attempt to keep cool, new research suggests.

Of nearly 4000 planned apartments in 15 developments studied by QUT Associate Professor Rosemary Kennedy, the majority did not have necessary architectural solutions to deal with sub-tropical heat. The largest developments were the worst offenders, she said. None of the buildings examined were in the CBD.

Apartments in Brisbane tend to be more focused on views and glamour, Professor Kennedy said.

Industry Analysis

Michael Ivey, CEO of Quantity Surveyors, Mitchell Brandtman , shares some interesting facts and figures on development in south-east Queensland.

He says there is a rapid shift away from larger multi-residential projects, towards smaller boutique projects in the 5-10 kilometre ring.

In this sample of projects from South East QLD, the larger projects ‘8 levels and above’ and ‘4-8 levels’ receiving funding have halved, and the number of ‘townhouse’ and projects ‘up to 3 levels’ have increased nearly 60%.

Developers are also casting their nets outside of the Big-4 for construction funding with a steady growth in projects funded by the smaller banks and alternative funders. They are also becoming more aware of the risk appetite of particular institutions for different types of developments and are targeting their finance applications.