WEL­COME

The Courier-Mail - Home - - GROWING PAINS -

Emily Black HOME se­nior real es­tate re­porter Wel­come to an­other themed edi­tion of HOME.

This week’s mag­a­zine is ded­i­cated to the unit mar­ket, which has, par­tic­u­larly in Bris­bane, un­der­gone a cer­tain level of scru­tiny over the past few years.

How­ever in re­cent months, re­ports by in­dus­try ex­perts, rang­ing from the Hous­ing In­dus­try of Aus­tralia to CoreLogic, have in­di­cated the worst is be­hind us and the mar­ket has started to cor­rect it­self.

HIA econ­o­mist Diwa Hop­kins said while a down­turn was ex­pected to con­tinue for build­ing ap­provals in Queens­land, the worst had oc­curred.

“We think that oc­curred in 2017 and that in the com­ing years ... the de­clines we’re fore­cast­ing are much more mod­est,” she said.

“By the time 2018 has con­cluded, we’re ex­pect­ing the de­cline to be in the or­der of 5 per cent, and then in 2019 an­other sim­i­larly mod­est de­cline of 4 per cent be­fore we ex­pect ac­tiv­ity to then re­turn to growth in 2020.”

Among this week’s pages you can learn more about the cur­rent trends in the unit mar­ket, and have an up-close look at some key de­vel­op­ments hap­pen­ing in Bris­bane and on the Gold and Sun­shine coasts.

In ad­di­tion to this, we have sought ex­pert ad­vice on how to de­sign your apart­ment so you can make the most of your valu­able liv­ing space – in­side and out.

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