PROPERTY RECOVERY: IS IT ALL TALK?

Written on the 18 July 2011

PROPERTY RECOVERY: IS IT ALL TALK?

AS Queensland’s ongoing property slump reaches crisis point, property lawyer Andrew Johnson (pictured) questions whether the state can deliver its Budget promise and recover, rebuild and re-stimulate the industry. The Mills Oakley partner launched his career on the Gold Coast and says confidence and strong government leadership is required.

"The owner-occupier market is dormant at the moment; people are sitting on their hands and the state is trying to motivate people to invest and buy homes," he says.

"The recovery of the Gold Coast property market is being hindered by chronic oversupply of residential strata property combined with developers who are unwilling, or unable, to risk increasing this oversupply by commencing new projects."

Read the full property Q&A with Andrew Johnson in the Gold Coast Business News August edition - out now in more than 450 newsagents.


Latest News

1700 BRISBANE APARTMENTS NOW MANAGED BY FORTUNE 500 COMPANY JLL

MULTINATIONAL and Fortune 500 company JLL (NYSE: JLL) has expanded its Australian dominance in the property managemen...

HARVEY NORMAN HITS OUT AT 'FALSE NEWS' OF ASIC INVESTIGATION

RETAIL giant Harvey Norman (ASX: HVN) has vehemently rejected reports its accounts are under investigation by ASIC, s...

RARE GOOD NEWS FOR SLATER AND GORDON AS ASIC CLOSES INVESTIGATION

ASIC has cleared Slater and Gordon of deliberately falsifying its accounts after a three-month investigation.

It s...

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter