Developers and investors in Australia are smiling after the Reserve Bank lowered interest rates earlier this week.

“Although getting approvals for new apartment developments in Sydney is easier than it was a year or two back, converting those approvals into finished apartments remains a hazardous course. Meanwhile, Chinese developers entering the Sydney market will also face these problems and will need to learn how to use the legal system in NSW to overcome roadblocks.” – source The Australian

Understanding of State and local government authorities development rules and regulations can be daunting.

Here at RICQS we recommend that local and foreign investors in Australia contact an AIQS accredited Quantity Surveyor for the right guidance and advice.

Article source: http://www.theaustralian.com.au/business/property/interest-rate-cut-will-help-raise-rent-prices/story-fn9656lz-1227208304406

– The RICQS team
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Aaron Ho
February 5, 2015
Categories:INDUSTRY CHANGES, RICQS NEWS