Monthly Archives: March 2017

Vacancy rates for new Inner Brisbane apartments remained tight at 2.3 per cent over the December quarter 2016, according to new research released by Urbis.

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The Urbis Inner Brisbane Apartment Rental Review found that new developments are out-performing older, established projects with lower levels of amenity.

The Real Estate Institute of Queensland (REIQ) reported a higher vacancy rate of 3.6 per cent for the total Inner Brisbane rental market over the same period.

Urbis Associate Director of Property Economics and Research Paul Riga said that the indicative vacancy rate of 2.3 per cent for new apartments is a slight increase on the September quarter 2016, which recorded 2.2 per cent.

“Given that 2016 has seen the highest number of new apartments to ever settle within Inner Brisbane, this is a positive result,” Mr Riga said.

The report, which surveyed 23 projects containing over 4,000 apartments, found that close to 50 per cent of renters in the new projects had moved from Middle and Outer precincts of Brisbane, and increased choice, competitive rents and desirable locations were driving…

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We would like to share a brief update on the recent changes to Smoke Alarm laws in Queensland.

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What are the changes to the Smoke Alarm laws?

The Queensland Government recently introduced changes to Smoke Alarm laws, aimed at making “Queensland households the safest in Australia in relation to fire safety.”

The new law (the Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act) requires that all dwellings will be required to have ‘interconnected photoelectric smoke alarms” in all bedrooms, in hallways that connect bedrooms with the rest of the dwelling and on every level.

What is an “interconnected photoelectric smoke alarm?”

To be compliant, a smoke alarm must be:

  • interconnected  this means that the alarms are linked to each other so that if any of the alarms are triggered, then they all trigger simultaneously.
  • hardwired to a continuous power source, or be powered by a non-removable 10 year lithium battery
  • photoelectric – these types of smoke alarms are best for…

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