Planning approvals jump 40%

provided you can rent it or live in it 🙂

Good time to be buying…

I’ve been keeping an eye on properties in the Inner North and South on allhomes.com.au over the last few months and couldn’t help but notice a lot of the apartments for sale remain unsold for several months and I’ve seen price reductions in a number as well.

Gotta love developers with their “If we build it, they will come” mentality. Irrespective of planning approvals, developers are looking at making money so either they know something we don’t or they really are stoopid and will loose a tonne of cash waiting for units to be sold.

Are these planning approvals for the sites of the schools that are going to close?

God, I wish I wasn’t so bloody cynical!

Until rental prices come down to something appropriate for a big country town I think we can safely say there’s a lot of pent-up demand being released right now. Well done Simon for letting it get to this point!

I just keep wondering, given our population growth isn’t that strong….who is going to live in all these new dwellings. I so would not be buying a place off the plan at the moment, there are so many vacancies in the newly completed developments I walk past in the morning (inner north) – which can only mean there are already lots of investors paying their own investment loan at the moment….

And the front page of today’s crimes sure supports the “strength” of our economy.

The mayor and his council desperately scratching to sell off the silver and cut services because they’ve spent money they don’t have.

They’re even looking to save around $100,000 by scaling back mowing services. Hasn’t that already started at Footy Park, Phillip?

But sad simon let’s the site at Canberra Ave, Fyshwick go for, perhaps, $80 million less than it could have.

Managing the ACT doesn’t matter all that much, as long as the factions are happy.