Brisbane's luxury property market w/ James MacGinley
We recently caught up with James MacGinley from Consolidated Properties to discuss the Brisbane property market and the luxury apartment segment including their Monarch Residences project in Toowong.
James is the Head of Residential and currently overseeing the delivery of luxury projects in Brisbane catering to the downsizer market. We asked about the changing dynamics in Brisbane and how the market has evolved from an oversupplied investor market into a highly sought out owner occupied market.
We also discussed the construction challenges facing Brisbane, which at the time of writing, will no doubt be under more pressure due to the impact of Cyclone Alfred.
The Olympics have been identified as a major growth driver for Brisbane, but as James explains, there are secondary impacts on the cost of delivering and building projects given such a tight labour market.
A great conversation with a great professional, we know you will find this episode insightful.
Peter Esho is an economist and Founder of Esho Capital. He has 20 years of experience in investments and markets.