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Which Queen's Wharf Development Proposal do you prefer?

  • Crown/Greenland Proposal

    Votes: 34 18.2%
  • Echo/Chow Tai Fook (Destination Brisbane) Proposal

    Votes: 153 81.8%
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Many would have sold prior to COVID, so I don't understand why it would be made up crap.
Because when I went into 300 George Street to enquire about a property 3 months ago it seemed that most of the units were still available. At least it had the excuse of being incomplete and they weren't lying about the amount sold. The sales staff in Brisbane CBD are Chinese. They were surprised when a non-Chinese person enquired.

When I went into Brisbane 1 around the same time they were telling me that 80% of the units were sold but they had whole unit types that had been held off market and were just being released (some still haven't been released). Funnily enough, they were "80% sold" in 2016:


I also looked at Skytower, which has loads for sale, with owners clearly having lost money on them: Building profile - 222 Margaret St, Brisbane City QLD 4000

Lenders won't lend to these places unless you're putting down 30-40% deposit because the buildings are also used for short term lets (e.g. Arise) and they're not going to make money (why would they when there's so much choice of basically the same product?).

If you're in the market for very high rise CBD apartments with floor-to-ceiling glass, medium-quality finishes and relatively small facilities then you're not short of options in Brisbane at the moment.
 

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scarcity principle is a commonly used sales technique in every single industry. I too question the sales figures of developments like this which were never reliant on pre-conditional sales requirements to get built.
Are you saying that COVID somehow affected the sales figures announced before this year?
 

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Are you saying that COVID somehow affected the sales figures announced before this year?
The pre-covid sales figures are also fake, refer to my anecdote on Brisbane 1 above. Covid has merely exacerbated the situation.

During my enquiries into buying these types of properties I also found out that these Chinese developers don't particularly care about slow sales. They own huge portfolios of properties and have the capital to absorb these risks for a long time.
 

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I'll take this. I also agree with this.
I brought up my initial query because I feel it has nothing to do with COVID.
 

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I feel it has nothing to do with COVID.
The link with covid is that the pandemic has clearly slowed sales further - albeit they were also slow pre-covid.

Due to covid travel restrictions it is much harder for Chinese citizens to enter Australia than it was pre-covid and will be that way for the foreseeable. Immigration numbers have collapsed. Overseas students numbers have collapsed (many would have lived in their parent's investment properties in Australia).

To further exacerbate the situation, the relationship between Australia and China has deteriorated. Why? Because Australia was the most outspoken supporter of an investigation into China's handling of the early days of the covid outbreak in Wuhan.

All of the above factors are clearly going to significantly affect sales volumes for these types of CBD developments.
 

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You can see my confusion with the initial claim..
No, not really.. i said;
scarcity principle is a commonly used sales technique in every single industry. I too question the sales figures of developments like this which were never reliant on pre-conditional sales requirements to get built.
And you replied with....
Are you saying that COVID somehow affected the sales figures announced before this year?
 

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No, not really.. i said;

And you replied with....

The initial comment I was responding to specifically mentioned COVID causing issues with sales figures that were released prior to COVID. That's what I was responding to.


I openly acknowledge and believe that the initial figures are highly likely to be inflated, but I'm not going to accept that COVID had any influence whatsoever on these figures, considering they were released last year.


Now, unless you are trying to argue that COVID impacted the figures released last year, I assume you agree with me, no?
 

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I really wish that bridge is opened to cyclists :/ I feel it's very short-sighted that it will not.
As the bridge comes together, it will become more apparent that it simply isn't a bridge suitable for cycling, and I completely agree with it being pedestrian-only for that reason. Cyclists can use three bridges along the South Bank/Cultural Centre river stretch (the Goodwill, Victoria - cycle access on which will be improved when closed to general traffic - and Kurilpa Bridges), so having a single bridge inaccessible to them isn't a major issue in my opinion.
 

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As the bridge comes together, it will become more apparent that it simply isn't a bridge suitable for cycling, and I completely agree with it being pedestrian-only for that reason. Cyclists can use three bridges along the South Bank/Cultural Centre river stretch (the Goodwill, Victoria - cycle access on which will be improved when closed to general traffic - and Kurilpa Bridges), so having a single bridge inaccessible to them isn't a major issue in my opinion.
It's not suitable due to the landing position into the casino. I think having multiple greens crossings is a great idea. They said no cyclists, what about scooterists?
 

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^^ It will be foot traffic only - they aren't going to allow any kind of vehicular traffic to zoom through the loads of pedestrians in their busy core dining precinct, especially when that dining precinct is several storeys up with no street level access. It would be akin to allowing bikes or scooters to ride through the Treasury.

The bridge will also have stairs being the main access on the South Bank side (with a ramp provided for PWD access only), so hopefully that will help get across the idea that it's foot traffic only.
 
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