TED TABETMON 14 JUN 21

International students will be welcomed back to New South Wales from July under a pilot plan announced by the state government.

The plan, announced by NSW treasurer Dominic Perrottet, will allow 250 international students to fly into Sydney each fortnight from mid-year—just in time for semester two.

This pilot program, which has been submitted to the federal government for review, will run parallel to the state’s hotel quarantine program and is expected to expand to 500 students a fortnight by the end of the year.

RENEE MCKEOWN WED 16 JUN 21

High-density residential site sales on the Gold Coast jumped 238 per cent in 2020 as much of the rest of the country plunged to a seven-year low.

Only the Gold Coast and Perth bucked the trend for residential sites sales, which nationally dropped in value from $5.03 billion to $4 billion, according to Knight Frank Research’s latest report.

It predicted Australia’s national apartment pipeline would plunge during the next three years with just 86,400 new apartments planned for Sydney, Melbourne, Brisbane, Gold Coast and Perth.

RENEE MCKEOWNTUE 15 JUN 21
 
The Queensland government plans to establish a $1 billion housing investment fund according to its 2021-22 budget.

The fund is expected to generate $160 million in four years which will be used to “drive new supply to support current and future housing needs”.

The budget detailed further investment in social housing including $1.8 billion to increase the supply of social housing over four years with $30 million to be spent on fast-tracking these projects this year alone.

TED TABET TUE 01 JUN 21
 
Brisbane Airport has unveiled plans to build a $1-billion third terminal that will connect its dual runways.

The proposed terminal will be a 250,000sq m integrated L-shaped building that services both domestic and international operations, positioned between the two runways.

Brisbane Airport Corporation (BAC) said the development would be marked for completion in 2032, however, the timeline would be moved forward if Brisbane was confirmed as the host of the 2032 Olympic Games.

TED TABET FRI 28 MAY 21

The national pipeline for new apartments is continuing its trickle, research released this week has revealed, with predictions that in three years it will be a quarter of 2018's level.

Despite variations across a multi-speed national market, overall, the new apartment inventory is trending down as an improving rate of sale absorbs existing stock, the latest Apartment Essentials report from planning consultancy Urbis shows.

The number of apartments launched nationally dropped from 5000 in late 2019 to 3250 in early 2021.