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

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter