Live South East Queensland – September 2022

Welcome to our latest news and property insights across South East Queensland.

All eyes remain firmly on the property market, but while the media continues to push alarmist headlines and narratives, it remains critical to keep perspective, filtering out the noise and taking a longer-term view.

Property markets are influenced by an endless number of complex factors. Essentially though, it all boils down to how these variables impact demand and supply.

Demographic trends and the country’s most robust forecast population growth are and will continue to be, key drivers of increasing apartment demand across SEQ.

Despite this and critically, the SEQ apartment market has only 3.2 months’ worth of new supply available. Based on historical sales and potential future supply, there is estimated to be a shortfall of more than 16,000 new apartments during the next four years.

So in absolute and relative terms, rising apartment demand will be set against a severe lack of current and future supply.

Inner Brisbane, Gold Coast & Sunshine Coast Potential New Apartment Supply
(Source: Corelogic, JLL, Place Advisory, Pricefinder)

Further, concerning overall demand, the relative affordability of the SEQ market and, more specifically, that of apartments is the most important factor currently supporting demand.

Melbourne and Sydney’s apartments are around 14% and 41% more expensive than SEQ apartments, while SEQ houses are around 62% more expensive than SEQ apartments.

SEQ Apartment Price Comparison – 2022 Financial Year
(Source: Pricefinder)

The bottom line is that SEQ’s apartment market remains resilient and will undoubtedly experience sustained growth across various locations and product types over the short to medium term.

The excessive demand-supply imbalance for limited but highly sought-after property types in prime locations can lead to notable outperformance of the standard market norm.

But regardless of this, people are adopting a “wait and see” approach, which is not wise, as evidenced by historical analysis.

Once they realise interest rates will not return to historical highs, and property prices will not fall by the margins the media is pushing, the optimal window of opportunity will have passed.

To assist in navigating this, our Research team has compiled a detailed special report unravelling SEQ’s current, genuine apartment supply issues and why now is the time to harness quality investment opportunities.

Continue to be wary of negative media headlines regarding Brisbane’s property market.

According to respected property advisory firm Charter Keck Cramer, Brisbane is forecast to be the fastest-growing city in Australia for the next two years, which will underpin sustained housing demand.

A coveted, highly-connected area rich in lifestyle offerings and urban amenities, Milton is an ideal base to access the best of Brisbane – making it an outstanding investment opportunity.

In terms of position, it is tough to beat the location, a beautiful historic suburb bordering the Brisbane River and the city, with shady streets, parks, abundant attractions, and magnificent old Queenslanders.

Peter & Louisa – Purchasers
| The Mowbray by Mosaic

Inspecting Reside by Mosaic in Norman Park sparked Peter and Louisa’s interest in purchasing a Mosaic property based on the premium quality of design and finish.

Wanting a home a little closer to the city, they were instantly drawn to The Mowbray by Mosaic in East Brisbane, particularly its prime position and extensive luxury amenities. Following a private presentation of the development, they moved quickly to secure their property of choice. A smart move, given how quickly The Mowbray sold out!

Peter and Louisa can’t wait for their beautiful new dream home to be complete. We are excited to be on this journey with them, keeping them up to date every step of the way.

Click below to watch Peter and Louisa’s story.

Construction Gears Up to Survive La Nina’s Reign

– The Urban Developer 20/09/22

South-east Queensland developer Mosaic has its own construction arm, which managing director Brook Monahan says helps them consistently deliver on build programs against the backdrop of “persistent headwinds such as market or weather conditions”.

Mosaic Property Group defies ‘failure to launch’ syndrome as project portfolio hits $1.7 billion

– Business News 08/09/22

Mosaic Property Group, a Brisbane-based company co-founded and led by Brook Monahan, is defying the ‘failure to launch’ syndrome facing the construction industry with the official unveiling last night of its 10th Gold Coast project in just four years.

Mosaic Secures Milestone Gold Coast Tower Approval

– The Urban Developer 14/09/22

Brisbane-based Mosaic Property Group’s development foothold on the Gold Coast is continuing to strengthen with its latest $150-million tower proposal given the nod.

Marella by Mosaic will rise 29 storeys above a 1488sq m site at 146-148 Surf Parade at Broadbeach.

First look exclusive: Mosaic set for second Broadbeach apartment tower after success around the corner

– Urban.com.au 03/08/22

Mosaic set for second Broadbeach apartment tower after success around the corner. Mosaic Property Founder and Managing Director, Brook Monahan, says securing another site nearby Marella was a no brainer.

Mosaic Shovel-Ready on Coast Expansion

– The Urban Developer 03/08/22

Mosaic Property Group continues its south-east Queensland expansion on the Sunshine Coast, filing plans for a two-tower apartment development overlooking the beach at Cotton Tree.

Experience the MPM Difference First Hand

A strong track record of results and a trusted, reliable approach have led to overwhelming demand from our Landlords to consolidate their broader property portfolios and refer family and friends to MPM’s care.

Due to this, we have formally extended our property management services beyond Mosaic property owners.

MPM executes the base fundamentals of effective property management to an exceptional standard, creating a solid foundation.

But ultimately, exclusive access to Mosaic Property Group’s new project releases, extensive and reliable trades and supplier network, superior industry knowledge, and award-winning expertise make a genuine difference to our customers’ bottom line.

If you own an investment property, we welcome the chance to have an initial discussion about your current situation and longer-term goals and, critically, how we can help you achieve them sooner.

Click below to provide us with a few key details, and our team will be in touch shortly to discuss.

Mosaic Sunshine Coast team members Amy, Mat, and Brent, are competing in the Noosa Tri on Sunday, October 30, in support of Great Dreams.

Great Dreams provides young people up to the age of 18 with financial support and practical guidance to give them the courage to dream and set their goals towards achieving a happier sense of self.

Mosaic has already donated a $5,000 raffle prize to Great Dreams and will be matching whatever is raised in donations.

We are reaching out to our valued networks to ask for support in helping us make a difference.

Click below to make a contribution