Post a Comment On: Brisbane Apartment

A headline in the AFR today: "Sunland cautious about year ahead." The story has the following information:Sunland remains cautious as buyer activity plateaus and uncertainty about the economy prevails.Consumers have adjusted their price points and are more cautious and conservative.Sunland is not building any Gold Coast high rise, and plans for a residential tower in Labrador have been shelved due to 1200 new units languishing on the market.The Carrington apartment project on Alice Street in Brisbane is well timed, with little competition for upmarket owner occupier-style CBD projects due for completion in 2012-13.Affordability has been a key issue. Discounts of 20 and 30 percent have been offered to secure transactions.