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  #141  
Old Posted May 9, 2020, 4:09 AM
mhays mhays is offline
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Sure seems that way.
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  #142  
Old Posted May 9, 2020, 8:00 PM
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It's important to note that California built a lot of its skyscrapers in the later 20th century whereas Australian cities didn't have as much back then, but I think a new cycle is overdue in places like SF and LA.
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  #143  
Old Posted May 9, 2020, 8:25 PM
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Originally Posted by Zapatan View Post
It's important to note that California built a lot of its skyscrapers in the later 20th century whereas Australian cities didn't have as much back then, but I think a new cycle is overdue in places like SF and LA.
SF is currently in a skyscraper building cycle.

Including the U/C oceanwide center (910'), 5 of SF's top 10 tallest have been built in the last handful of years, including 3 of its top 5 tallest.
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  #144  
Old Posted May 9, 2020, 10:53 PM
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Originally Posted by Steely Dan View Post
SF is currently in a skyscraper building cycle.

Including the U/C oceanwide center (902'), 5 of SF's top 10 tallest have been built in the last handful of years, including 3 of its top 5 tallest.
I know, SF is doing alright, although it's a shame LA doesn't join in, I feel like there's barely anything legitimate in the pipeline and it's a much bigger city.
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  #145  
Old Posted May 12, 2020, 8:17 AM
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https://www.domain.com.au/news/chine...estors-954319/

Chinese buyers abandon Australian property, replaced by US investors: FIRB report

China’s foreign investors have abandoned the Australian property market in droves, replaced by a surge in the number of buyers from the US.

US investment in Australian real estate soared to $19.5 billion in the 2018-19 financial year, more than three times what it was the year prior, followed by a jump in Canadian investment from $2.1 billion to $13.3 billion.

As North America’s investment has grown, investment levels from China halved in a year from $12.6 billion to $6 billion last financial year, ranking it fifth largest source country for real estate investment behind Singapore and Hong Kong.

“The reduction in proposed investment applications, by value, from China reflects an ongoing downward trend in the value of Chinese investment from its peak in 2015-16,” said Foreign Investment Review Board chairman David Irvine in the annual report, tabled in Parliament on Thursday.

“This can be attributed to a range of factors such as China’s internal domestic policy settings, including increased scrutiny of outbound investment and stricter capital controls.”

Figures show the residential real estate sector saw a modest rise in the number of approved purchases last financial year to $14.8 billion, up from $12.5 billion, but remains a fraction of the $72.4 billion worth of residential investment that was approved at the peak of the foreign buyer boom in 2016.

The drop in residential real estate investment was not just pinned on China’s internal policy settings, but also local factors like the introduction of foreign investment application fees, the doubling of stamp duty in Victoria and NSW, and tighter lending conditions from the banks.

Established dwellings also saw fewer approvals for purchase from temporary residents, down from 5876 in the 2015-16 financial year to just 1312 four years later.

Of last financial year’s total $88.5 billion worth of real estate approvals more than $19.5 billion came from the US and $13.3 billion from Canada. Singapore accounted for $9.8 billion worth of investment, closely followed by Hong Kong’s $9.3 billion, and lagged by China’s $6 billion and New Zealand’s $4.7 billion

Executive chairman of Chinese property portal Juwai-IQI Georg Chmiel said he expected the downward trend in Chinese property investment to turnaround this year given a resurgence in buyer inquiries since the COVID-19 pandemic gripped global markets.

“In April, Chinese buyers made twice the number of inquiries on Australian real estate as in any other month so far this year and 50 per cent more than in any month in the second half of 2019,” Mr Chmiel said.

“There may have been a great deal of pent-up activity taking place in April, so we don’t expect Chinese buyer inquiries to remain at this height for the rest of the year.”

Hong Kong’s interest in Australian property had already started to soar before widespread protests erupted in June last year. Hong Kong was the fourth largest source country of real estate investment for the past two years running, but the scale of investment has more than tripled from $2.8 billion to $9.3 billion.
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  #146  
Old Posted May 14, 2020, 10:49 PM
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I admit im very uninformed about Melbourne.

I had no idea it was so big... and so much suburban sprawl.. and so many skyscrapers..

Its very fascinating. At a first glance on google maps satellite-view ita very US-like, but if you zoom in on street level its like a mix of all continents.
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  #147  
Old Posted May 21, 2020, 4:19 PM
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Originally Posted by Zapatan View Post
I know, SF is doing alright, although it's a shame LA doesn't join in, I feel like there's barely anything legitimate in the pipeline and it's a much bigger city.
What do you mean 'it's a shame that LA doesn't join in?'

DTLA's skyline has more than transformed within the last decade.

From around 2007-08.

https://cdn.cnn.com/cnnnext/dam/asse...xlarge-169.jpg

2019

https://cdn.vox-cdn.com/thumbor/SGKS...09273237.0.jpg
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  #148  
Old Posted May 21, 2020, 4:37 PM
Agent Orange Agent Orange is offline
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Originally Posted by tayser View Post

Also, we get more NOM in Melbourne and Sydney is the perennial net interstate migration loser (mainly up to QLD).
Wow, really interesting that Brisbane receives so much internal migration. Do you have an idea why it blows every other city out of the water? Just because it's cheaper, or does it have a strong job market? Where are the remaining of the restless Aussies going? Non-capital cities?
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  #149  
Old Posted May 21, 2020, 10:33 PM
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If you're looking for a high-level stereotypical answer that will relate to an American audience: Queensland is our Florida (or wider sun-belt).
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  #150  
Old Posted May 22, 2020, 5:51 AM
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What are we defining as towers. What is the floor and height minimum for this thread?

Something about U.S. cities is that its really best to look at the core city limits + any outlying proxy suburbs. U.S. metro's tend to build, but due to the size, may not be so noticeable.

Some places its more apparent than others due to everything being close relatively speaking. American metros are frickin enormous.

We tend to not build as many high rises, but really target that solid mid-density. Either dense town homes or 3-4 story apartment developments that can be found littered throughout "X" U.S. metro.


On a side note, California's urban footprint is enormous. Those metro areas are just absurd in their size, BUT BUT... very dense. Like stupidly dense. Don't let the lack of high rises fool the eye, California metro areas are dense as hell.

ALSO, KEEP IN MIND that a lot of the 2-3 floor HOUSES that litter a lot of metros are actually apartments. There's a ton of those. Some places tend to have more of those (Boston metro for example) or some in Cali.

Folks might see what looks like a regular home, but really contains 3-4 units. Can start to add up people wise.
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  #151  
Old Posted May 22, 2020, 9:58 AM
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There's just under 4000 projects listed on Urban.com.au* for Victoria with the overwhelming majority of them will be in Melbourne.

https://www.urban.com.au/developments

* I was one of the co-founders of Urban.com.au (was originally known as Urban Melbourne) in 2013 and we had the following criteria: any development that had more than 10 units in it would be added to the database. I'm no longer directly involved in the ops of the site and since then townhouses have been added but the majority of the listings in Victoria (and New South Wales) will be apartment projects ranging from a few floors to over 100 - like 80% of the listings will be apartment rather than townhouse projects.
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  #152  
Old Posted May 22, 2020, 2:44 PM
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Melbin(that's how you guys pronounce it, right? lol) is incredible looking. I will also admit I know very little about the city but thank you to everyone posting pictures.
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  #153  
Old Posted May 22, 2020, 6:45 PM
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Quote:
Originally Posted by chris08876 View Post
What are we defining as towers. What is the floor and height minimum for this thread?

Something about U.S. cities is that its really best to look at the core city limits + any outlying proxy suburbs. U.S. metro's tend to build, but due to the size, may not be so noticeable.

Some places its more apparent than others due to everything being close relatively speaking. American metros are frickin enormous.

We tend to not build as many high rises, but really target that solid mid-density. Either dense town homes or 3-4 story apartment developments that can be found littered throughout "X" U.S. metro.


On a side note, California's urban footprint is enormous. Those metro areas are just absurd in their size, BUT BUT... very dense. Like stupidly dense. Don't let the lack of high rises fool the eye, California metro areas are dense as hell.

ALSO, KEEP IN MIND that a lot of the 2-3 floor HOUSES that litter a lot of metros are actually apartments. There's a ton of those. Some places tend to have more of those (Boston metro for example) or some in Cali.

Folks might see what looks like a regular home, but really contains 3-4 units. Can start to add up people wise.
That's one thing that I think a lot of people, especially those outside of the US fail to understand. Southern California is a VERY BIG PLACE with a whole hello of a lot of people living on top of each other. I live in Riverside and on a clear day, I can go to a hill, look northwest and see Ontario which is 20 miles away. And there are a wide variety of residential. There is a lot of similarities in Australian cities and Californian cities.
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