Bees Nees City Realty
The Buzz

Archive for March, 2010

Posted by admin on 16 March 2010

It was a landmark night for Brisbane with the long-awaited Clem 7 tunnel opening to traffic around 11.30pm last night. One of our team was on the spot to be one of the first through and he captured this video.

And no, this isn’t normal driving speed, the trip takes over 4 minutes but we’ve sped things up a little – it is just a tunnel!

Lord Mayor Campbell Newman is wearing a big smile today and he deserves praise. His election promise in 2004 was to get serious about inner Brisbane traffic and his “Transapex” masterplan  is about diverting cars around our CBD. The 4.8km Clem 7 tunnel is the first step and in skipping 24 sets of traffic lights its impact on our inner city will be significant.

Watch next for the opening in June of Hale Street Link, now called the Go Between Bridge. It’s about time Brisbane had these sort of solutions.

Posted by Rob Honeycombe on 15 March 2010

Brisbane rental propertySo how do you spend your Sundays when your dad works in real estate? Putting up ‘for rent’ signs! Sophie was pretty excited about the ‘leased’ sticker!

Posted by admin on 10 March 2010

We don’t often repeat material from other people on this blog, but the below notes from prominent Brisbane property commentator Michael Matusik are as topical as they come and deserve repeating as part of the ‘debate’.  The Government wants to debate the value of population growth to our city/state/nation, but unless we erect a big fence along Australia’s coastline how would we ever stop it?

Matusik Missive – Population debacle
10th March 2010

“I was involved in last week’s Great Growth Debate held by the PCA in Brisbane. This was held as a forerunner to the Queensland government’s own debate about the same subject, to be held at the end of this month. The PCA was hoping that the “pro” side of the debate would get a better airing if they ran their own shindig. The jury still remains out on that note.

In recent weeks, I have been asked on numerous occasions what I thought was the purpose of the government’s upcoming debate. My answers included – to distract and confuse the public; to been seen to be doing something; and to remove the sale of public assets off the media’s agenda for a while. I might have even said “bogan” public, which sounds harsh, but too many (and increasingly so) of our fellow citizens are not interested in any serious debate; readily swallow the spin and are more interested in what tattoo they are going to get next, rather than how the place is run. Get rid of compulsory voting if you ask me. But I digress.

As I said in my short presentation at the PCA gig the other day, it is a waste of time debating growth – it will continue to come. We need it, and even if we wanted to stop it (or even slow it down), we are largely helpless to do so. Even “planning for growth” is a waste of time – we have more plans that you can poke a stick at. What we should be debating is “how to accommodate growth”. We need implementation. Action is what is missing, and so too is political fortitude. Whilst I agree more with Mayor Pisasale’s ideals, I also admire Mayor Abbot, for at least he stands up for what he believes in and is prepared to be voted out come the next election if his constituents disagree.

What the market wants – and by, market, I mean residents, business, investors and the development community – is certainty. Strong leadership would have conducted this growth summit before the redrafting of the SEQ regional plan. The same would apply to the koala issue; ban the banning; potential changes to land tax and the sustainability declaration, to name just a few. Future planning matters should be dealt with in an organised way, such as the prescribed five year review of the regional plan.

But at almost every turn these days the Queensland government introduces a bill into Parliament, without adequately consulting the public. Sometimes, as in the sordid land tax case, previous decisions by the court are sought to be overturned. This uncertainty broadcasts loudly to potential investors in the state, to whom a stable legal system, with an observance of the rule of law, is a precondition to any investment. And many are not happy, Anna!

Back to accommodating population growth. I suggest the following measures:

Ø Decentralise the workforce out to major greenfield estates and beyond.

Ø Encourage more competition by forcing the major developers to release stock rather than drip feeding the market. They deny it, but that is exactly what they do.

Ø Get urbanisation to work by having minimum density targets, on a sliding distance scale, around our key pieces of infrastructure.

Ø Shorten, and make development approvals easier to get. ULDA gave themselves an approval in six months. That should be the benchmark now. Proof, as they say, is in the pudding.

Ø Limit local resident involvement to architectural, land use and sometimes tenancy matters only and not in the overall quantum of a new urban development.

In order to do such, a strong top-down approach to planning is needed. This takes political guts. Bottom-up planning, where NIMBY-ism rules the roost, is not working.

Population growth is coming. We cannot stop it and I suspect that it will accelerate (in Australia at least) over coming decades rather than slow down.

Unfortunately, “development” today is a dirty word in Queensland. What is even more despicable is that the government does not appear to see land as a significant asset. Nor do they understand – well, at least it is not portrayed as such to the voting public – that value adding to our land (i.e. development) creates wealth, jobs and a more sound economic future for Queensland.

In the lead up to the government population growth summit at the end of March, I hope that these thoughts or similar get an airing. In my mind, it is vital that they do.”

Share your views on “Michael’s Blog” at www.matusik.com.au

Posted by admin on 10 March 2010

Great news for residents in Gray Road and Morry Street, with the overnight announcement from Council that the new CityGlider bus service won’t be running past their homes.

Council’s bought the house on the corner of Hoogley and Orleigh, making room for a bus turnaround after collecting passengers from the Ferry. The other option was to remove those amazing figs trees….

CityGlider will be a high frequency inner city bus loop linking West End through the CBD to Newstead. Having it run past your home will be no fun.

So spending $1.6m on a 620m2 piece of land is probably a good political investment. Was the property worth that? According to public records the current owners paid $1.45m two years ago so it sounds about right. Certainly there’s few sales of riverfront property under $2m in areas like this any more.

Posted by admin on 8 March 2010

buying a Brisbane propertyBought a property in recent times? Here in the Smart State we must have one of the most complex, confusing and convoluted contract processes in the western world. Warning statements, disclosures by the dozen, many of them in BIG BOLD LETTERS. We’ve written here before about the failure of these so-called consumer protections.

Last Friday night we met with a couple who wanted to buy their first home. It’s 7pm at the home’s kitchen bench, another offer’s been received, the auction’s the next day, so no time to waste. And out we come with the 5 documents over 22 pages. Nervous do you think? Do they understand fully the details and implications? Is it a fair environment to put anyone in?

Surely consumer protection is firstly about informing people? How can they be fairly informed by 22 pages of reading on a Friday night? And this isn’t including the 2 page Sustainability Declaration the seller’s provided or the building and pest inspections they still need done. Or the title/council/body corp/main roads/EPA/flooding etc searches their solicitor will ask them to check.

One option being canvassed is the idea of a disclosure document, prepared and paid for by a seller before they put their property on the market. Kind of like a “roadworthy” you need before you can sell your car. It could include all the usual info and even a building and pest report, and be available to each and every buyer when they first enquire. If you don’t understand something, you can ask your lawyer/valuer/townplanner/banker/Uncle Jack before you decide to buy…

Then we can have simple contracts that everyone can follow.

What do you think of this idea? Got another solution to the masses of contract paperwork?We’d love to hear your comments.

Posted by admin on 8 March 2010

Great news for landlords and tenants of the Bees Nees team with our

Bees Nees' Annie von Rudzinski

Bees Nees' Annie von Rudzinski

Manager Annie von Rudzinski elected to the Property Management Chapter Committee for the Real Estate Institute of Queensland.  Annie has worked in this part of the industry since the early 1990’s and her appointment recognises her experience, and ability to help direct REIQ’s position on legislation and other tenancy issues. Annie’s keen to hear input on how things could be improved on all sides of the rental marketplace.

Principal Rob Honeycombe has also been asked to join the Residential Tenancies Authority’s Industry Development Forum. Rob was recently elected to the board of the REIQ and will represent the Institute at this Forum. After a new full Act’s introduction in 2009 this is a quieter year for the RTA, but the industry’s still adapting to the changes.

Posted by admin on 8 March 2010

Cordelia Street South BrisbaneJust to prove that some real estate agents really don’t have a life, I took this photo on my nokia at 10.37pm last night whilst working late at our office in South Bank.  There was plenty of activity at the intersection of Cordelia and Peel Streets, as workers complete streetscaping as part of the Go Between project (South Brisbane’s newest traffic and pedestrian bridge).

Posted by admin on 6 March 2010

Friday’s are for fun… so here’s one of the best we’ve seen on email this week. Got a joke we can share? (It’s tough finding funny and clean material!)

A guy is driving around the back woods of Montana and he sees a sign in front of a broken down shanty-style house: ‘Talking Dog For Sale’. He rings the bell and the owner appears and tells him the dog is in the backyard. The guy goes into the backyard and sees a nice looking Labrador retriever sitting there.

‘You talk?’ he asks. ‘Yep,’ the Lab replies. After the guy recovers from the shock of hearing a dog talk, he says ‘So, what’s your story?’

The Lab looks up and says, ‘Well, I discovered that I could talk when I was pretty young. I wanted to help the government, so I told the CIA. In no time at all they had me jetting from country to country, sitting in rooms with spies and world leaders, because no one figured a dog would be eavesdropping. I was one of their most valuable spies for eight years running. But the jetting around really tired me out, and I knew I wasn’t getting any younger so I decided to settle down. I signed up for a job at the airport to do some undercover security, wandering near suspicious characters and listening in. I uncovered some incredible dealings and was awarded a batch of medals. I got married, had a mess of puppies, and now I’m just retired.’

The guy is amazed. He goes back in and asks the owner what he wants for the dog. ‘Ten dollars,’ the guy says. ‘Ten dollars? This dog is amazing! Why on earth are you selling him so cheap?’ ‘Because he’s a liar. He never did any of that!’

Posted by admin on 3 March 2010

crispy-duckI’ve just had the best dinner experience for a long time.  Last night we checked out the Satay Hut in Grey Street, South Bank.  We’d probably been seated for about 15 minutes when quick as a flash our meals arrived.  Whilst I’m definitely no master chef, the crispy duck was crisp and the salt and pepper bugs simply melt in your mouth.  The wine selection was good and I enjoyed a nice bottle of Barwick Estates Shiraz (okay, maybe a little too much!)  If you fancy casual Asian dining, you should definitely check out this popular South Bank local.

Posted by admin on 3 March 2010

South Brisbane isn’t the only inner-city hot spot on the up and up, with Council approving a plan which could see high density construction to 30 storeys in the Valley and Milton. In my opinion, well done Council.

Hopefully northside locals will get behind local developers with some positive support for good planning and design. Similar actions in South Brisbane have been some local activists stifle what should have been good news with the improvement of local infrastructure brought forward by new buildings.

This is not just something that sales agents should applaud. Take a look at how new developments have, and will continue to improve inner-city hotspots like South Brisbane. 10 years ago you wouldn’t go out at night here alone and now it’s a vibrant community with a really bright future. We all need to see things for what they are and understand that further high density construction is inevitable – if this can be done well, we all have something to look forward to.