Brisbane is in the box seat in a one horse race to host the 2032 Summer Olympics

Almost. Nearly.

Right now, it is a one-horse race but anything, or something, might happen; unlikely though.

The International Olympic Committee (IOC) has designated Brisbane’s bid for the 2032 Olympic and Paralympic Games “Preferred Bid Status” meaning it is the only one of numerous bid cities that has progressed to the next phase called “targeted dialogue”.

It will be followed by “final negotiations”, and then the rubber-stamping exercise of declaring Brisbane the winner will happen at an IOC session as early as the Tokyo Olympics in July, although with COVID restrictions it may be later in the year.

IOC president Thomas Bach said discussions, in the early hours of the morning Australian time, were “intensive”.

In the end though, there was no doubt.

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The decor decisions that could mean you’re turning into your parents

A generation ago, the biggest signifier of adulthood was marriage. Twenty years ago, it was buying a house together. But 21 years into the 21st century, with renting and singlehood more popular than ever, there are no clear-cut signs that you’re officially “adulting” anymore. Instead, we must rely on more nascent symbols, such as being tired all the time, and signing off using the word “best” on your emails.

But for those fully immersed in adulthood; the ones who’ve been at it for a while, clearer signs may become visible, not in the purchase of a home, but what is inside it. If you have any of the following in your place of residence, then, congratulations, you’ve hit peak grown-up.

A motivational quote 

The ubiquitous ‘Live, Laugh, Love’ signs. Photo: Supplied

If you’re a properly grown-up person, you recognise that frameless posters have no place in your house any longer, but phrases, slogans and words somehow mean more than ever. 

Do you have “Live, Laugh, Love” etched in repurposed wood above your lounge? Does a cushion read “Save the drama for your llama” when you smooth the sequins a certain way? Do you have a small, framed phrase in your kitchen saying “It’s wine o’clock” or “Coffee is always a good idea” or “Anything is possible”? Then you probably remember the ring of your landline telephone.

Unintentional collections

‘How did I end up with all of these cushions and throw rugs?’ Photo: iStock

When you’re living in a share-house as a younger person, it’s natural to pick up the detritus of one another’s decor. Maybe you end up with a cushion or a cheese knife you never actually bought yourself. But, if you’re an adult, you will have an entire collection of these types of things, with no memory of how you came to acquire them – despite the fact that you bought them yourself. 

Nobody can tell you when it will happen, but one day, you’ll look around and realise you have 20 cushions, or four cheese knives or 50 different mugs. It will remain an unsolved mystery, because, as an adult, you’re just lurching from one administrative task to the next, your only mode of distraction – home decor sales. You go into these things entranced. Who even knows how many mohair blankets you bought? You were too busy trying to download the app that lets you know how much homework your kids aren’t doing to notice.

Unused exercise equipment

You had the best of intentions when purchasing that exercise bike, but it will soon be relegated to the garage. Photo: Stocksy

There was a time, in your youth, when you could break those health promises you made to yourself without consequence. But if you’re a grown human, things such as “blood pressure”, “lung capacity” and “changing metabolism” begin to take on a new, urgent meaning. You’re not about to debase yourself by exercising in public – that’s for people under 40 who have spent enough time online to acquire a healthy body image. Instead, you get yourself an exercise bike, or a rowing machine, or one of those stair masters and you use it – for a few weeks. But then, lockdown hit or something, and life became too hectic. And so, the equipment remains in the garage or the “office”; a black and brushed-steel reminder that it’s just not going to happen this year. Oh well, maybe when this COVID thing blows over you’ll get back into running. At night.

More than one photo frame on any given surface

Printed photos will likely be littered throughout your home. Photo: iStock

Gen Z might post their entire lives on TikTok and those younger Millennials throw it all over Instagram, but if you’re serious about adulthood you have photos that have been printed out and framed. Lots of them. And not just on the wall, but the mantle and the side bench and the top of your chest of drawers, in your bedroom, too.

Handy stuff nobody thinks of – until they need to borrow it

If summer screams barbecues while winter whines for nights in with the slow cooker, what should the next few months hold for keen entertainers?
Think you don’t need a matching 12-piece dinner set? Think again. Photo: Stocksy

Kids today think they can get by without a top sheet, a step ladder or a full, 12-piece dinner set. That is, until they need it and come running to us. Sure, that overpriced luxury candle smells nice, Maddy but you won’t be able to light it in a blackout if you don’t also have a torch! Yes, Jordan, cocktail parties are “super fun”, but without proper champagne glasses, you’re really just playing house. And so, we hang onto our ageing symbols of adulthood, smug in the knowledge that though we may not always know how they got here, we’re certain they’ll come in handy for something and we’ll be damned if we have to throw them away.

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International Olympic Committee announces Brisbane as preferred host for 2032 Summer Olympic Games

The news was delivered by IOC president Thomas Bach during a press conference in Switzerland.

“We have unanimously after a very intense discussion approved this recommendation,” Mr Bach said.

“The commission based on this decision will start more detailed discussions with the Brisbane 2032 committee and the Australian Olympic Committee about their potential to host the Olympic Games 2032.”

The IOC will now move discussions to a targeted dialogue followed by final negotiations with the city then elected at a future IOC session, likely within the next year.

If those discussions are successful from both sides and Brisbane meets the requirements then it will be named the host city and Brisbane would become the third Australian city to host the Summer Games after Melbourne (1956) and Sydney (2000).

Chair of the Future Host Summer Commission, Kristin Kloster Aasen, said Brisbane and Australia had been selected over other cities that had shown interest — such as Doha, Budapest, Istanbul, Jakarta, New Delhi and St Petersburg — due to its past experience in hosting high-level sporting events.

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How to build for under $100,000 with these kit homes

Housing affordability remains one of the most pressing social issues of our time, with many individuals and families unable to afford a mortgage or experiencing housing stress.

The stakes for these families are high, with housing affordability being a fundamental contributor to a person’s wellbeing and an important way to reduce poverty. But what if you could build for less? The humble kit home may be the answer, with some suppliers, like Shed House Australia, designing kits that can be built for under $100,000.

As people search for affordable housing, new market trends emerge, including the movement of people from capital cities to regional areas. This trend also influences the types of homes built, with an increase in kit homes being constructed across regional and suburban areas. Jackson Yin, managing director of iBuild Building Solutions, has reported a 30-40 per cent increase in demand for kit homes compared to pre-pandemic levels  – a growth he believes is influenced by government incentives for new builds.

Yin says there are two key demographics behind the increase in demand: couples with children, typically in their thirties and building their primary residence in the country; and families looking to add a granny flat or retreat for ageing parents on an existing property.

Changing perceptions

The two-bedroom Melrose kit home by iBuild Building Solutions. Photo: Supplied

The growth shows how the long-held stigma surrounding kit homes and prefab construction has been challenged in recent years. Improvements in the quality of building materials, as well as growing public awareness of the benefits – namely, the speed of construction and lower cost per square metre – means more owner builders are choosing kits to build their dream homes.

“The perception used to be that a low-cost build meant a cheap build. But this has been gradually dispelled,” explains Yin. “High-quality builds can be done with a kit.”

Work in progress: Kit home by iBuild Building Solutions. Photo: Supplied

Anita Brand, director at Mana Kit Homes, a manufacturer based on the south-east coast of Queensland, says she still gets asked questions relating to dated perceptions of kit homes.

“People ask things like, do the homes get council approved easily, and so on,” Brand says. “I am not sure how this stigma originally came about, most likely from the word ‘kit’ with some of the earlier style homes. In reality, the homes – and, more so, steel-framed homes – can have more structural integrity than a regular new build in a sub-division.

“Councils love the steel as it is termite-proof, plus it can be a sound choice for bushfire zones. When paired with the right thermal systems, steel has good energy-efficiency values.”

Change it up

When plans change and the scope of a project expands, the budget and timeline can blow out.
The overall the cost of the kit home depends on how much you are willing to do yourself. Photo: iStock

One factor influencing the comeback of prefab homes in recent years has been the ability to customise plans. In contrast to earlier kits offered to owner builders, today’s kit homes can be changed to suit different styles, making these affordable options even more attractive.

“The beauty of our process is that we will custom-design to our client’s budgets, giving consideration to the complete project,” Brand says.

For those trying to get a foot on to the property ladder, kit homes offer an affordable path to home-ownership without getting into huge debt. But the cost depends on how much you are willing to do yourself.

“As an owner builder/project manager our clients can save up to 40 per cent of the overall cost,” Brand says. “The more the owners put into the construction the bigger the savings.

“If our clients are putting a builder in control of the construction process, then they will still make savings but not as much. It really depends upon how much each client wants to contribute to the project and what skills they bring.”

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COVID-19 Pfizer vaccine incorrectly administered to two patients at Brisbane aged care home

A doctor who incorrectly gave two elderly people in a Queensland aged care home a “higher than the recommended dose” of the COVID-19 Pfizer vaccine, had not completed the required vaccination training.

“It hasn’t been confirmed, because it’s actually really hard to be able to tell what was in the needle, but it couldn’t have been more than [four times],” Mr Hunt said.

Mr Hunt said both patients, from the Holy Spirit facility in Carseldine, also known as St Vincent’s Care Services, were being monitored and neither had shown any signs of an adverse reaction to the doses.

The doctor who administered the doses has been stood down from the vaccine program. 

“I think it’s very important that we’re up front,” Mr Hunt said.

“The safeguards that were put in place immediately kicked into action and a nurse on the scene identified the fact that a higher than prescribed amount of the dose was given to two patients.

“Both patients are being monitored and both patients are showing no signs at all of an adverse reaction. But it is a reminder of the importance of the safeguards.”

Mr Hunt said there were “highly developed training modules” that were mandatory to complete by those administering the vaccine.

“Our advice is that both doses were administered consecutively and, as a consequence of that, the nurse stepped in immediately.

Chief Medical Officer Paul Kelly said in the early clinical trials of the Pfizer and BioNTech vaccine, experiments were conducted with different doses, including four times higher than what was eventually prescribed.

“During those trials, the side effect data was not a higher problem,” he said.

“Because we wanted to get on with the giving of this vaccination quickly, we went for a single one-size-fits-all model and it is the same training.

“There may be a need for us to modify that going forward.

“This was a mistake, whether it was simple or not we leave that to the investigation.”

St Vincent’s (Holy Spirit) Care Services CEO, Lincoln Hopper said the doctor who administered the incorrect dose would be reported to the Australian Health Practitioner Regulation Agency for the error.

“It’s also extremely concerning. It’s caused us to question whether some of the clinicians given the job of administering the vaccine have received the appropriate training.

“Certainly, health authorities and contracted vaccination providers should be re-emphasising to their teams the need to exercise greater care so an error like this doesn’t happen again.

“Before vaccinations are allowed to continue at any of our sites, Healthcare Australia — or any other provider — will need to confirm the training and expertise of the clinicians they’ve engaged so an incident like this doesn’t happen again.”

Queensland Premier Annastacia Palaszczuk said it was “not good enough” and the federal government must explain how the incorrect doses happened.

She told state parliament Queensland authorities were only advised of the incident late last night.

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Demand for guarantor home loans on the rise, as parents race to help children onto property ladder

Rapidly rising house prices and a fear of missing out is driving up demand for guarantor home loans and help from the bank of mum and dad, with growing concern among first-home buyers and their parents that the “great Australian dream” is slipping out of reach.

With house prices back on the rise and showing no signs of slowing — Westpac has tipped a jump of up to 20 per cent in Sydney and 18 per cent in Melbourne over two years — mortgage brokers are reporting increased interest in guarantor loans.

Interest in guarantor loans, which enable first-home buyers to avoid lenders mortgage insurance (LMI) when buying with less than a 20 per cent deposit, has been climbing since September, says mortgage broker broker James Algar, of Mortgage Choice.

Interestingly, it’s a trend being driven more by parents rather than adult children looking to buy, he said.

“There’s definitely been a substantial uptick from parents looking to support kids,” Mr Algar said. “I’ve had parents come in with clients for their first meeting and say ‘what do we need to do to get them in the market now, is it giving a gift or is it going guarantor’. Really, parents are the driving force, and I’ve only seen that in the last few months.”

Young adult asking parents for money.
First-home buyers and their parents are increasingly asking about guarantor loans.

Concern that first-home buyers could miss their chance to buy if they do not get onto the property ladder soon was a key motivating factor, Mr Algar said.

However, increased confidence in the market and greater awareness of guarantor loans off the back of the federal government’s First Home Loan Deposit Scheme (FHLDS) had also made more parents comfortable to go guarantor.

“With prices running away, the parents’ equity in property is a safer bet from their point of view,” Mr Algar said. “Parents are pretty confident that the market is not going backwards anytime soon, so they would rather see their kids buys now than be completely priced out of the area.”

Rising prices and a rush to get in have also seen the sums parents are guaranteeing rise, Mr Algar added, with some well off first-home buyers, helped by low interest rates, able to meet sizeable repayments after bypassing the hurdle of a 20 per cent deposit.

He noted some clients had guarantees in excess of $300,000.

“Parents were typically guaranteeing about $60,000 to $100,000 and it’s now well above that,” he said.

First-home buyers are fearful they could miss their window to buy if they don’t purchase soon. Photo: iStock

While first-home buyers had been quick to snap up spots in the FHLDS, Mr Algar said his clients on Sydney’s northern beaches had typically been looking at homes priced above the $700,000 price cap.

Though there are still positions available for new dwellings, he said, many first-home buyers were not prepared to pay the premium required to buy a brand new home.

Mortgage broker Rebecca Jarret Dalton, founder of Two Red Shoes, said a huge number of first-home buyers was trying to get into the market before further price rises.

She had also seen increased financial support from the bank of mum and dad, via guarantor loans, lending and cash gifts for home deposits – again driven by parents, rather than first-home buyers.

“I’m seeing a lot more first-home buyers say they want to do it by themselves and struggle, and then mum and dad come in and say why don’t we just help you,” she said.

“Right now, parents are really keen because they know the market is moving, so it’s harder for their kids to save and keep up with it,” she said. “When the market is more plateaued, they understand that kids have got more time.”

The auction of 4 Woodvale Avenue North Epping
First-home buyers have been out in force at auctions. Photo: Peter Rae

More than one in five of Ms Dalton’s first-home buyer clients over the past year got into the market with a government scheme spot or a guarantee or money from their parents. More clients had also been able to buy after moving back home with their parents to save.

She said hesitancy from either party involved in a guarantee was usually resolved when they understood it was for a limited proportion of the loan, which would be lifted when home-owners had enough equity in their property – working faster in a market with rising property prices and low rates.

About a quarter of parents feel obligated to help children buy their first home, according to research by financial comparison website Canstar.

But more parents were willing to help, said Steve Mickenbecker, Canstar’s group executive of financial services.

“The fear of missing out is alive and well both with first-home buyers, but also with the parents,” Mr Mickenbecker said.

“Parents are obviously nervous about prices going up and their kids missing the boat, just as young adults are concerned about missing out. They don’t want to see them forever chasing their tail,” he said.

Mortgage brokers can find a range of suitable lenders, allowing borrowers to make an informed decision without the legwork.
First-home buyers and their parents are encouraged to assess their options for guarantor loans. Photo: iStock

He warned parents looking to provide support to make sure they could truly afford to do so, and consider how it would affect them long term. Beyond that, any loans should be documented and given a time frame, and parents should ensure they only guaranteed a proportion of a loan they were confident their child could repay.

He noted clear expectations should also be set for children returning to the family home to save for a deposit.

Mr Mickenbecker said many first-home buyers were not in a position to receive parental assistance, but could look towards government support measures or bank offers covering the cost of LMI.

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Recreational fishing is booming in Queensland, so should fishers pay a licence fee?

A rise in the number of boats registered and increased activity at launching sites has been documented since the beginning of COVID-19 restrictions during April 2020.

During the months of April and May, fishing for food was a permitted outdoor activity under strict movement controls designed to prevent any community spread of the virus.

Boat trailer numbers at nine of the 48 sites surveyed by Fisheries Queensland in those months were the highest recorded since data collection began in 2016, including ramps at Yorkeys Knob, Bowen, Mackay, Gladstone, Mooloolaba and Raby Bay.

Registered recreational vessels in the state increased by 9per cent over the 2020 calendar year with 271,561 boats now listed with TMR.

North Queensland seafood retailer Dominic Zaghini said the pandemic had boosted interest in recreational fishing, with yet unknown outcomes for fish stocks.

“With COVID, we had the opportunity to food gather, so many people used it as entertainment to get a fishing rod and go,” he said.

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Police conduct hours before deadly townhouse fire incident to be reviewed

Mr Gollschewski will consider the history of police interaction in the incident and will establish a timeline of when police spoke with Ms Langham.

He said there was also a focus on the call made on Sunday night.

Queensland Deputy Police Commissioner Steve Gollschewski said most Greater Brisbane residents were following the rules.

Queensland Deputy Police Commissioner Steve Gollschewski said most Greater Brisbane residents were following the rules.Credit:Jono Searle/Getty Images

“I can say with certainty that I am confident that the response on that night was as it should have been based on the information that was available at that time,” he said.

“But the question we have, of course, is what other information is available and what other information was in our system and indeed in any other systems across the nation that may have assisted us to make other decisions on that night.”

Mr Gollschewski said the Logan district had one of the state’s worst records when it came to domestic and family violence cases.

“Despite Not Now, Not Ever, despite what we’ve learnt and seen in other instances such as Tara Brown and Hannah Clarke and her children, here we are again, where a person who is a victim of violence has needed to be protected and we have not been able to protect her,” he said.


“We are not satisfied with that and we will be relentless in trying to find out what happened and make sure this type of thing does not happen.”

Owing to the coronial investigation, Mr Gollschewski would not answer specific questions relating to what police knew about Ms Langham and the domestic violence history.

Logan Chief Superintendent Brian Swan said the examination of the scene had been finalised and Mr Hely’s vehicle, which was found at a nearby shopping precinct, was returned to his family.

Superintendent Swan said police had doorknocked the area and CCTV from surrounding streets was being reviewed.

“We continue to put together evidence for the coroner to consider and we also wish to reiterate our appeal for any person with any information about Doreen and Gary and their relationship to contact police,” he said.

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Queensland’s Public Trustee accused of profiting off people who lack capacity to manage own affairs

It provides a range of services that include financial administration services to people who cannot manage their own money, managing deceased estates, and providing a free will-making service to Queensland residents.

Geoff Rowe, chief executive of Aged and Disability Advocates (ADA) Australia, said his service regularly received calls from people under financial administration who have become destitute.

“Certainly we see people who have gone in asset-rich and within a couple of years, those assets seem to have been dwindled away on fees and charges, and that’s really concerning,” Mr Rowe said.

“We see people who have been surviving on a pension, and managing to save, and have been doing that over a number of years.

Mr Rowe said given that outcome, in some cases people would have done a better job by themselves rather than with the support of the Public Trustee.

The reason people ended up under financial administration in the first place was they were judged by the Queensland Civil and Administrative Tribunal (QCAT) to lack the capacity to manage their own affairs.

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Brisbane, Gold Coast, Perth outstrip Sydney and Melbourne prestige property markets

The hunt for a house that’s not just a home, but a COVID-free castle, has pushed up prestige property prices in Perth, the Gold Coast and Brisbane, with a new report revealing the three cities outstripped the nation’s two biggest capitals during 2020.

The Knight Frank Wealth Report 2021, released today, also revealed the trio made a global splash in the Prime International Residential Index (PIRI 100), which tracks the movement of luxury home prices across the world’s 100 best residential markets.

Off the back of surging buyer demand, low interest rates and a greater emphasis on lifestyle, the three cities, with Perth in the lead, were ranked in the top 44 of prestige markets, after they each clocked up annual price growth of more than 2.5 per cent.

Sydney was ranked 56 – after prestige home prices grew just 1.1% – while Melbourne came in at 63 after prices rose 0.9 per cent.

A roaring resources sector and a push towards relaxed lifestyle locations saw Perth not just top the national list and rank 34th globally, but dramatically leap from last place among Australian capital cities in 2019 after prestige property prices soared by 3.6 per cent last year.

Luxury home prices in the Western Australian capital had remained almost stagnant the year before, rising by just 0.9 per cent.

The Gold Coast achieved a global ranking of 36 after prices grew by 3.2 per cent – compared to 1.8 per cent growth the year before.

Brisbane prestige property has leapt up the ranks. Photo: Supplied

Rounding out the top Aussie performers was Brisbane, where prices rose by 2.5 per cent to place the Queensland capital in 44th place, compared to 1.4 per cent growth in 2019.

Head of Knight Frank’s residential research Australia, Michelle Ciesielski, said while Australian cities had always performed well in the PIRI 100, the pandemic had fuelled a shift among high-end home-hunters towards smaller cities that offered better bang for the buck and a better lifestyle.

“During the pandemic, people reassessed their priorities … it made us re-evaluate how we want to live over the long term,” Ms Ciesielski said.

“COVID-19 was [also] handled well in Australia, with a brief lockdown in all cities except for Melbourne, and when our cities were opened up, we saw a surge in pent-up demand, particularly as home owners re-evaluated their lifestyles.”

She said the shift in property priorities and the rise in remote working also fuelled growth in the smaller capitals, with cashed-up buyers from Sydney and Melbourne realising their property dollar travelled further in Queensland and Western Australia.

“Before COVID, people wanted to live close to where they worked, but since then that’s changed … grounded by travel bans, Australia’s luxury buyers [also] focused on building their property portfolios at home, buoyed in part by the country’s bullish stock market and historically low interest rate environment,” Ms Ciesielski said.

Sydney also recorded its highest volume of prime sales ever in the third quarter of last year, with preliminary data already indicating the fourth quarter surpassed it.

Low-res of 72 Wentworth Road Vaucluse
Sydney recorded its highest volume of prime sales in the third quarter of last year, with preliminary data already indicating the fourth quarter surpassed it.

And that upward market movement, particularly for the nation’s best performing cities, is projected to further spike.

“Absolutely that growth with these three cities will continue until the end of this year … when we’re looking at lifestyle, it was by far the most important thing on people’s minds, and that’s not going to go away,” Ms Ciesielski said.

As part of the report, Knight Frank conducted an Attitudes Survey that found 15 per cent of ultra-high-net-worth Australians bought a new home in 2020, with 16 per cent planning to buy one this year. Among those buyers, outdoor space and leisure facilities or amenities were listed as top priorities.

The survey also revealed 58 per cent of buyers were looking to purchase in a resort coastal area.

Andrew Porteous, of Perth’s William Porteous Properties International, said the city’s natural isolation had recently pushed up prestige property prices, with expats and interstate buyers flocking to the state in droves.

“Perth is a small city, and it doesn’t take much to tip the supply and demand ratio – and right now there’s an influx of people because money always wants to find a safe haven and people are looking at our market [and seeing a safe haven],” Mr Porteous said.

49 South Perth Esplanade South Perth WA
Perth not only topped the national list and ranked 34th globally, but dramatically leapt from last place among Australian capital cities in 2019 after prestige property prices soared by 3.6 per cent last year. Photo: Supplied

“Perth also has a resource-driven economy, and that sector is going well, and it’s finding its way back into the property market and creating a frenzy because people are scared of missing out. It’s almost a perfect storm.”

Mr Porteous said Perth had outstripped Melbourne and Sydney in property price growth purely because the city had started from a lower base.

“But I think that gap is closing (between Perth and Sydney), and this city is going to have significant capital growth.”

Real estate agent Andrew Ramsey, from prestige property specialists Kollosche on the Gold Coast, said the city’s luxury market had nothing short of exploded with high-end home prices now reaching pre-GFC levels.

“I’ve never seen it so busy … we are seeing a lot of interest from interstate [particularly Sydney and Melbourne}, and the important thing is over the next three years we will still be short 15,000 apartments, so I see the boom continuing, and the demand will outstrip supply,” Mr Ramsey said.

The Gold Coast prestige market has ‘exploded’, Andrew Ramsay says. Photo: New Property Agent

“We’ve seen significant growth of potentially more than 10 per cent [in the past year] … and a lot of properties aren’t even reaching the market because of the sheer level of demand.

“And we’re forecast to have 20 per cent growth over the next three years.”

Mr Ramsey believed the price surge was also a result of a pandemic-fuelled lifestyle push with the Gold Coast outperforming Brisbane.

“We’ve grown up, we’re a sophisticated city now, and we’ve got world-class sporting facilities, schools, transport and restaurants,” he said.

“And while the overseas market isn’t driving [this price growth], there are expats who are still stuck overseas, and they are buying sight unseen. I did a sale [recently] for $3.9 million sight-unseen from a London-based family who are moving back.”

Ray White New Farm principal Haesley Cush said while the pandemic lit a fire under Brisbane’s prestige sector last year, the market was already on the cusp of a boom thanks to record low interest rates, affordability and increased infrastructure.

“Brisbane prestige prices had been flat for long enough that they were starting to present exceptional value,” Mr Cush said.

“So much so, if you bought a block and built a luxury home then sold it the next day, you’d be lucky to cover your costs. There was incredible value and people were starting to recognise it.

It took only three weeks to sell the Hamptons-style home for a new street record price of $2.2 million..
Sale price records have been tumbling in suburbs like New Farm in Brisbane, says Haesley Cush. Photo: Ray White New Farm

“During the last prestige auction [Ray White New Farm] did in December, we sold nine out of the 11 prestige properties. The year before that we would have sold maybe three or four.

“Now the outlook for Brisbane is that there is way more room for growth than other capitals. We’re putting in a casino, [for example], that we believe will mature the city, like Expo did in ’88.

“And this is not just going to be a sugar hit … the city is only going to get better in years to come.”

Thank you for stopping by and checking this article about “What’s On in the City of Brisbane” named “Brisbane, Gold Coast, Perth outstrip Sydney and Melbourne prestige property markets”. This article was presented by MyLocalPages Australia as part of our local events & news services.

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