The summary of construction cost increases in Qld are; Projects which are exposed to EBA increases, and reduced competition for a smaller number of large contractors – increases upwards of 6% through to the end of 2016. For the rest…
We thought this Brisbane development map is pretty cool. Shows all of the developments in the Brisbane area in an interactive map. https://brisbanedevelopment.com/brisbane-development-map/
Under the agreement which expires at the end of June, eligible four and five star hotel developers are exempt from paying council infrastructure charges if they start construction by July 2016. Article thanks to Brisbane Times, Click Here:to read more.…
We have recently assisted a valued client in the 4/5 Star Hotel space finance a site in Inner Brisbane. http://www.brisbanetimes.com.au/queensland/brisbane-hotel-shortage-costs-about-121000-visitors-a-year-mayor-20140410-36eec.html
An interesting read here on the challenge of distinguishing periods of natural growth and “unconstrained” excess in real estate markets – could be a topical for some… http://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/40709-be-mindful-of-value-price-and-exuberance-martin-bregozzo.html?utm_source=Property+Observer+List&utm_campaign=1588e89bc0-03_March_2015_RBA&utm_medium=email&utm_term=0_a523fbfccb-1588e89bc0-245592005
GST at 15% on more items and No Stamp Duties? CPA suggestion. Stamp Duty is one of State Government’s fastest growing sources of revenue and GST is one of the slowest for the Feds. http://www.smartcompany.com.au/finance/tax/45809-raise-the-gst-to-abolish-stamp-duty-cpa-australia.html#
Not sure that a saving of $4k per unit would be the impetus for a development Mr Quirk but it’s a welcome initiative for some of our clients in this space; http://www.brisbanetimes.com.au/queensland/developers-to-receive-discounts-to-build-brisbane-student-accomodation-20150225-13om7y.html
FNX Finance Group are eager to deliver a finance solution that is right for you.
