Powered by MOMENTUM MEDIA
the adviser logo
Borrower

Brisbane investors opt for serviced apartments over residential rental

by Staff Reporter2 minute read

New residential apartment completions fell in Brisbane during the financial year of 2006/07 BIS Shrapnel announced yesterday.

The drop was due to stiff competition from the booming office sector and lower off-the-plan sales.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

According to BIS Shrapnel, the drop is also attributed to a buoyant hotel market that has encouraged investors to hold their apartments back from residential rental for use as serviced apartments. This is despite a healthy 64 per cent rise in median rent for inner Brisbane apartments since 2001.

While prices of inner city apartments are forecast to grow 36 per cent over the coming five years, BIS Shrapnel still projects that offices and serviced apartments over the next two years will provide developers with better returns.

 

Brisbane investors opt for serviced apartments over residential rental
default
TheAdviser logo
default

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

READ MORE
andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more