From a revival to a resurgence
On October 14 2013, the Property Council hosted three residential market experts at a breakfast titled; ‘The Resi Revival’.
At this event our speakers forecast 12 months of increased activity in both the apartment and greenfield markets, but outlined several key barriers that could curtail this growth.
A year to the day later, the Property Council revisited these predictions at our ‘Resi Resurgence’ Property Industry Breakfast.
Over 1 property professionals attended the event to hear from our 2014 panel; Nathan Blackburne, State Manager – Victoria & Queensland – Cedar Woods Properties Limited, Bruce Harper, General Manager – Investa Land and Greg Dickason, General Manager, Solutions – RP Data.
Nathan Blackburne’s presentation combined the perspective of a relative new-comer to the Brisbane market with Cedar Woods’ longstanding national profile and experience.
Nathan was able to discuss Cedar Woods’ take on the residential market in Queensland and nationally. He also presented on the key drivers that brought Cedar Woods to the Sunshine State, and how the early stages of their Upper Kedron project have differed from his experiences developing interstate.
Bruce Harper provided an update to his cautiously optimistic 2013 presentation. Bruce chronicled the shift from the ‘basket case’ that was the 2012 residential market to a rehabilitation process in 2013 through to the fully firing sector we are experiencing today.
Bruce’s presentation compared prices across the country to exhibit the relative affordability of land in Queensland, but also outlined a number of issues keeping him and the property industry awake at night. Government interference in negative gearing, environmental offsets legislation and the recent in spike land prices were all cited as potential barriers to further growth.
Finally Greg Dickason discussed the commercial advantage of user-friendly market knowledge and launched RP Data’s latest report into the residential market – The Greenfield Residential Insights Report.
Greg utilised data presented in the Report to analyse the key residential corridors in South East Queensland and nationally, investigating trends in both vacant land and end product.
The sentiment across the presentations and during the panel session was very positive and favoured a further 12 months of growth. The audience were also invited to provide their views on the evolving market in a series of ‘how would you invest’ case studies, which showed a preference for Brisbane and Melbourne.
The Property Council would like to thank our speakers for their time, and also our Property Industry Breakfast sponsor RCP, without whose support these events would not be possible.
Proudly sponsored by
Chris Mountford – Property Council of Australia, Nathan Blackburne – Cedar Woods Properties, Bruce Harper – Investa Land & Greg Dickason – RP Data
Bruce Harper – Investa Land, Chris Mountford – Property Council of Australia, Greg Dickason – RP Data, Nathan Blackburne – Cedar Woods Properties & Russell Martoo – RCP
Matt Lindley – Lindley Planning and Property & Andrew Lap-Ley Ngo – Brown Consulting
Nick McAlpine, Rob Lovegrove & Rebecca Schrauf – Rowland
Kellie Towerton – Gadens & Lynn Sawyer – Barnes Homes Loans