Brisbane residential property developers ARIA have gained approval for an 82-storey residential tower in Brisbane's CBD... New home sales falter...
82-storey apartment tower approved in Brisbane
Brisbane residential property developers ARIA have gained approval for an 82-storey residential tower in Brisbane's CBD, according to an article in the Australian Financial Review.
THe tower is set to rank among the city's tallest buidlings, was designed by architects Rothelowman and will consist of one and two bedroom apartments with 652 in total.
"The project at 171 Edward Street is set to become a world-class residential development that positively enhances Brisbane CBD's emerging reputation as a highly livable civic centre," Rothelowman principal Jeff Brown said.
New home sales falter
The sale of new homes in Australia has moved past its peak according to figures released yesterday.
After increasing in March, the latest New Home Sales Report from the Housing Industry Association (HIA) has revealed that new home sales declined 4.7% during April.
The monthly fall was driven by a fall in sales across all dwelling types, with detached sales down 3%, while multi-unit sales fell 10.8%.
While the cycle’s peak may now be in the rear-view mirror for the residential construction industry, HIA economist Diwa Hopkins said the slowdown will not be dramatic.
“The trend in new home sales reiterates that the peak for the cycle has passed, but the descent we’re now observing is very mild,” Hopkins said.
“This signals the potential for very healthy home construction activity throughout 2016, much as we have been anticipating,” she said.
(Your Investment Property)
Brisbane residential property developers ARIA have gained approval for an 82-storey residential tower in Brisbane's CBD, according to an article in the Australian Financial Review.
THe tower is set to rank among the city's tallest buidlings, was designed by architects Rothelowman and will consist of one and two bedroom apartments with 652 in total.
"The project at 171 Edward Street is set to become a world-class residential development that positively enhances Brisbane CBD's emerging reputation as a highly livable civic centre," Rothelowman principal Jeff Brown said.
New home sales falter
The sale of new homes in Australia has moved past its peak according to figures released yesterday.
After increasing in March, the latest New Home Sales Report from the Housing Industry Association (HIA) has revealed that new home sales declined 4.7% during April.
The monthly fall was driven by a fall in sales across all dwelling types, with detached sales down 3%, while multi-unit sales fell 10.8%.
While the cycle’s peak may now be in the rear-view mirror for the residential construction industry, HIA economist Diwa Hopkins said the slowdown will not be dramatic.
“The trend in new home sales reiterates that the peak for the cycle has passed, but the descent we’re now observing is very mild,” Hopkins said.
“This signals the potential for very healthy home construction activity throughout 2016, much as we have been anticipating,” she said.
(Your Investment Property)
