Bees Nees City Realty
The Buzz

Archive for October, 2009

Posted by admin on 30 October 2009

Some exciting news amongst the team this week with our own MD Rob Honeycombe appointed to the board of the Real Estate Institute in Queensland for 2010-2011, one of 6 directors elected by members to represent them.

The REIQ represents more than 15,000 property professionals across the state and has led the industry for over 90 years. Rob’s personal ambitions for his time on the board are to assist with the work on simplifying the paperwork involved in real estate transactions, and to see an increase in training levels for all agents – experienced and new.

So you see, we do breed the industry’s “bees knees” at Bees Nees!

Posted by Rob Honeycombe on 28 October 2009

We try to stay on top of emerging trends in property marketing but the pace of new technology has our industry looking more and more like a sci-fi movie!

Two years ago we noted the emerging use of GPS enabled mobile phones in the USA and how we might soon be using them to find homes for sale in Brisbane. Today the hottest real estate marketing trends are all about using your phone (especially, but not just, I Phones)  to search property for sale or rent while you’re out in the area where you want to live. The big portals like domain.com and realestate.com launched mobile phone versions of their sites this year so shopping for Brisbane real estate is becoming a far more mobile sport.

The recent launch of Google real estate mapping was another hint of what’s to come. The future is all about access to info, when and where you want it.

And that’s why the launch of Layar’s Augmented Reality browser is so exciting. Turn your phone toward a building you like the look of and if there’s an apartment for sale the video image on your screen will show a real-time pop-up with the details, internal pics, price and a button to click to ring the agent. Simple but mind-blowing stuff using your phone’s GPS and compass.

Watch the video below to see how amazing this tool will be. No doubt we’ll have it here in Brisbane before long.

If you want to read more on emerging trends in property marketing visit Mike Andrew’s site, another local blog that’s right across this.

Posted by Rob Honeycombe on 16 October 2009

A colourful light display on the William Jolly Bridge each night is a nice little way of commemorating our city and state’s 150th birthdays. The images projected are all different – this one’s called “Meccano”.

And don’t get me wrong, this temporary project is creative, I love to celebrate community milestones and I do think we should share some civic pride. But at a reported cost of $1.5million is this really the economic time to be doing this?

I got my rates notice in the mail today, and there’s a request for a $15 donation so we can fix the magnificent City Hall. It’s restoration is a huge project that’s so far had little government support. Council are on their knees to residents to help pay for it.

Yet the state government can cough up $1m toward pretty pictures on the bridge for a few months. Council also found some loose change for the project.

If we’re serious about fixing City Hall, a focal piece of our city’s heritage, then how about we dump unnecessary costs like this for a couple of years?

William Jolly Bridge

Posted by admin on 16 October 2009

leaky tapNo matter the tenancy screening we do or the interviewing of tenants, a strange occurrence of matching tenants with owners often just happens!


For example, we just rented a property that was a new management where the owner kindly offered to pay for a new hot water system and new flooring (no he didn’t ask for more rent!) and the tenant also thoughtfully offered to clean and dump all the fallen leaves and throw away a couple of boxes in the garage left from the previous occupant (even though we had approval from the owner to get a tradesman out there right away).


How nice is that! Talk about the start of a long and happy tenancy! On the other side of the coin, I hear about an owner flat out refusing to complete necessary maintenance, turning the already inconvenienced and unhappy tenant into a screaming mess, scrawling out their Notice to Remedy Breach forms every other week!


We know whose property is going to be vacant come the expiration of the lease, don’t we?

You don’t have to be a professional property manager to work that out. How do they attract one another? It’s a crazy universal law across the world of rental properties. So pick your battles, landlords!

Posted by admin on 16 October 2009
an artist's impression

an artist's impression

We’re big fans of the Southbank Institute of Technology. There’s more than 30,000 students and staff at their campus here and that’s a whopping demand for housing. And their current redevelopment is having a positive impact on South Brisbane in many ways.

But early in the new year their new accommodation facility will open, with a breathtaking 713 rooms. This is the equivalent of a 400 apartment development (that would usually be made up of 1 and 2 bedroom floorplans) so it will be the inner south’s largest residential building by a country mile. (The next largest is Arbour on Grey with 172 apartments).

And while we support the Institute’s need to house its students, including the 2,500 here from other nations, we just wonder what impact this whopping 13 storey facility will have on local landlords.

Our local rents have not gone up this year and some tenants have seen their rents actually drop. And with the new Institute facility being run by an independent operator they’re not just offering rooms to students – inner city workers are being targeted as well.

The good news for landlords is the rooms aren’t cheap. An ensuited bedroom in a 6 room apartment (i.e. sharing a kitchen and smallish living area with 5 others) starts at $265/week. The building is obviously well-located right at the doorstep of South Bank, but there’s no breath-taking facilities on offer. The designs look efficient while not exciting.

According to the building’s operator Brisbane’s international students are still booming in number with QUT’s intake up 18% this year for example. They’ve no doubt done their homework. In the short term though inner south landlords might just have to hold their rents a little while this massive new supply is soaked up.

Posted by Rob Honeycombe on 13 October 2009

The latest stats are out for the September quarter with good times remaining for tenants.

The median rent for a 2 bedroom apartment across the inner suburbs remains unchanged at $440/week, while postcode 4000 (CBD and Spring Hill) dropped $10 to $530/week. Job losses in the CBD have hit home and tenants have had the option to move to cheaper suburbs.

Three bedroom houses also dropped $10, now $450 across inner Brisbane.

Tenants should enjoy the lull in rents – it may be short-lived. The number of properties in the rental pool dropped again in the quarter and we’re not replacing them with new construction. And fewer tenants are leaving to become first home buyers.

If you’d like to see the median rents for your suburb go to www.WhatRentMyHome.com.au for free, instant rental stats (and no need to give your name, email etc!)

brisbane rents

Posted by Rob Honeycombe on 12 October 2009

PrideWe were recently asked to dust off our crystal ball for www.ourbrisbane.com and paint a picture of inner Brisbane in the year 2020. No Jetsons-like spacecraft but it still takes some getting your head around!

“I closed my apartment door and while I waited for the lift to climb to the 25th floor I glanced across to the city skyline, its buildings piercing the morning clouds and soaring through them. A quick stop for my usual caffeine fix then down into the subway for the two minute commute under the Brisbane River to Eagle Street station.”

Brisbane’s property landscape will change enormously over the next decade. An imaginary day in the year 2020 will include a Gabba resident calling a 25th storey apartment their home. A new, high speed subway will likely link that suburb, and many inner suburbs, with the offices of the lower CBD. With a scarcity of land, its office towers will probably top 100 storey.

It might be mind boggling but this vision of Brisbane is almost here.

Our population continues to grow and taller buildings are being encouraged to house these new arrivals. Many middle-ring Brisbane suburbs will resist the trend, residents unhappy for ‘seismic’ change in their neighbourhoods. But change will be relentless in the inner city as light industry and other land uses make way for apartment development. Huge tracts of land in Bowen Hills, the RNA Showgrounds amongst them, are already in planning. The Gabba, South Brisbane and Milton are some of the suburbs that will look very different by the year 2020.

The landmark Fourex brewery may well be redeveloped into apartments, shops and, hopefully, a bar or two!

Despite the State Government’s plan to decentralize its workforce by pulling 20% of its offices out of the CBD, the demand for central office space will see heights rise. Our city centre will also spread, crossing the river as South Brisbane accommodates 30 storey offices. More bridges and more tunnels will link Kangaroo Point, New Farm, Toowong and West End.

Council will spend more on parklands, greening the city like never before to counter its ‘urban-ness’. North Bank will be developed, a substantial green belt and dining precinct lining the Brisbane River alongside offices and apartments that straddle and veil the Riverside Expressway.

Planners will take advantage of this greater population, encouraging streetside cafes, arts precincts, entertainment options and cosy laneway bars. The Parmalat site (Paul’s Milk) in South Brisbane might even be the site of Brisbane’s own Opera House …

Adding almost half a million new residents by 2020, Brisbane will not be the same city as it is today. For better and for worse.

Visit the real estate pages of www.ourbrisbane.com for more interesting articles.

Posted by admin on 12 October 2009

There’s a big gap in our state’s property industry – body corporate information. Real estate agents get no training so few can explain anything to buyers. Solicitors compete heavily for very price sensitive conveyancing so don’t have time.

So most apartment owners receive their first wad of paperwork and voting papers with little idea of how it all works.

We recently held the first in a series of free seminars to help change this. If you’d like to read the notes download it here, or email us at rsvp@beesnees.com.au if you’d like info on upcoming sessions.

Posted by admin on 10 October 2009

The best (or cleanest anyway!) of this week’s jokes we’d been served up by email:

It’s the AFL Grand Final and a man makes his way to his seat right on the wing. He sits down, noticing that the seat next to him is empty. He leans over and asks his neighbour if someone will be sitting there. “No,” says the neighbour. “The seat is empty”

“This is incredible”, said the man. “Who in their right mind would have a seat like this for AFL Grand final and not use it?”

The neighbour says “Well, actually, the seat belongs to me. I was supposed to come with my wife, but she passed away. This is the first AFL Grand Final we haven’t been to together since we got married in 1967.”

“Oh … I’m sorry to hear that. That’s terrible. But couldn’t you find someone else, a friend or relative, or even a neighbour to take the seat?”

The man shakes his head “No, they’re all at the funeral.”

Posted by admin on 9 October 2009

The Bees Nees team last night took part in the Leukemia Foundation’s Light the Night fundraiser and very kind friends and family helped us raise money for this very worthy charity.

The night had a special meaning for one of our team – it was the 7th anniversary of the death of Keryn’s dad Barry. He would have loved to have taken this evening walk with his daughter and grand-daughters! The walk along South Bank was a real sight with thousands of baloons all lit with a little globe inside. Very cool!