Effective communication is a crucial element in negotiations, especially when it comes to expert negotiation skills. Understanding the importance of clear and concise communication can make or break a deal.
In negotiations, both parties must be able to clearly express their needs, wants, and boundaries in order to reach a mutually beneficial agreement. This requires active listening, empathy, and the ability to adapt your communication style to suit the situation.
Without effective communication, misunderstandings can arise, leading to mistrust and conflict. It is essential to be able to convey your message in a way that is easily understood by all parties involved. This includes using language that is appropriate for the audience, being mindful of non-verbal cues, and actively seeking feedback to ensure that everyone is on the same page.
Furthermore, effective communication allows negotiators to build rapport and trust with each other. By showing respect for the other party's perspective and actively engaging in dialogue, negotiators can create a positive atmosphere that encourages cooperation and collaboration.
In conclusion, understanding the importance of effective communication in negotiations is vital for developing expert negotiation skills. By honing your ability to communicate clearly and effectively, you can increase your chances of reaching successful outcomes in any negotiation scenario.
Building rapport and trust with the other party is essential in expert negotiation skills. It lays the foundation for open communication and a collaborative atmosphere that can lead to successful outcomes. There are several strategies that can help in establishing rapport and trust with the other party.
One of the key strategies is active listening. By listening attentively to the other party, you show that you value their perspective and opinions. This helps in building trust as it demonstrates your willingness to understand their needs and concerns.
Another important strategy is showing empathy towards the other party. By acknowledging their emotions and showing understanding, you can create a sense of connection that fosters trust. Empathy helps in building rapport by creating a more personal connection between both parties.
Being transparent and honest in your communication is also crucial for building trust. Transparency builds credibility and shows that you have nothing to hide. Honest communication helps in establishing trust as it creates a sense of reliability and integrity.
Finally, finding common ground with the other party can help in building rapport and trust. By identifying shared interests or goals, you can create a sense of partnership that leads to mutual understanding and cooperation.
In conclusion, building rapport and trust with the other party is essential for expert negotiation skills. By using strategies such as active listening, showing empathy, being transparent, and finding common ground, you can establish a strong foundation for successful negotiations. Building rapport and trust creates a positive environment that facilitates effective communication and collaboration towards achieving mutually beneficial outcomes.
When considering purchasing property on the Coast, getting a professional Gold Coast buyers agent is essential for success. A buyers agent offers essential services to support you through the complexities of real estate, from the initial consultation all the way through to the final closing. With the local property market expanding consistently, understanding property prices, community trends, and investment potential can be overwhelming without expert assistance. A skilled Gold Coast buyers agent helps ensure that you secure an informed, strategic decision that aligns with your goals, whether you're buying a first home, investment property, or luxury real estate.
The Gold Coast real estate market is ever-changing and fast-paced, with a wide range of properties available, from beachfront homes to luxury apartments and suburban family homes. For first-time buyers or seasoned investors, understanding this market can be daunting. A professional Gold Coast buyers agent can help you unlock the full potential of your property purchase.
The process of purchasing property involves much more than just finding the right home. A buyers agent for the Gold Coast serves as your trusted advisor throughout the entire transaction. They assist with everything from initial consultations to post-purchase support.
At Savvy Fox, we pride ourselves on being a top-tier Gold Coast buyers agent with a track record of successful property purchases for our clients. Here’s why working with us can make a difference in your property journey:
The Coast market is known for its strong growth and potential for capital appreciation, making it a prime location for investment. In recent years, the Gold Coast has become a hotspot for both local and interstate buyers, with properties in certain areas seeing significant price increases.
Investing in property on the Coast offers exciting opportunities, but it requires careful consideration. Whether you're looking for residential or commercial properties, there are several factors to keep in mind. A Gold Coast buyers agent can help you assess the investment potential of a property by considering factors such as location, amenities, rental yield, and future market trends.
If you're ready to take the next step in your property journey on the Gold Coast, Savvy Fox is here to assist you every step of the way. With our professional expertise, extensive market knowledge, and commitment to achieving your property goals, you can trust us to help you navigate the competitive Gold Coast buyers agent market with confidence.
Contact us today to learn how we can assist you in finding the perfect property on the Coast.
The Gold Coast has transformed significantly over the decades. Once a quiet coastal area, it has grown into a major Australian city with modern infrastructure, urban development, and improved public services. This article explores how the city has changed and what improvements have shaped its current identity.
The Gold Coast was originally home to the Yugambeh people. European settlers arrived in the 1800s, bringing agriculture and timber industries. The region remained a collection of small towns until tourism became a driving force in the early 20th century.
By the 1950s, Southport and Surfers Paradise had become popular holiday destinations. Hotels, motels, and beachside resorts attracted visitors from across Australia. Tourism infrastructure expanded, leading to new businesses and job opportunities.
The 1970s and 1980s saw rapid urban development. High-rise buildings replaced smaller motels and homes along the coastline. Surfers Paradise became the center of growth, with new apartment complexes and hotels offering ocean views.
By the 1990s, more skyscrapers had reshaped the skyline. The development of luxury apartments and commercial spaces attracted investors and residents. The city became known for its modern skyline and beachfront living.
The Gold Coast’s growth required improved transport and public facilities. Major road expansions, including the Pacific Motorway (M1), connected the city with Brisbane. This allowed for easier commuting and business expansion.
The construction of the Gold Coast Airport in Coolangatta improved travel options. More domestic and international flights increased tourism and business opportunities. Today, the airport continues to expand, supporting the city’s global connections.
The introduction of the G:Link light rail in 2014 was a significant improvement. The system provided a reliable public transport option, reducing congestion on major roads. The light rail connected key areas such as Southport, Surfers Paradise, and Broadbeach.
New extensions are planned to reach further suburbs, making travel easier for residents and visitors. The light rail has encouraged development along its route, bringing more businesses and residential buildings.
The Gold Coast has seen a steady increase in population. More people have moved to the city due to its climate, lifestyle, and job opportunities. This growth has led to new housing developments in suburbs like Coomera, Robina, and Pimpama.
Master-planned communities have become more common, offering modern housing, schools, and shopping centers. New developments provide options for families, professionals, and retirees looking for affordable housing near the coast.
The Gold Coast’s retail sector has grown to match its expanding population. Shopping centers such as Pacific Fair, Robina Town Centre, and Harbour Town have undergone major upgrades. These centers offer a mix of high-end stores, entertainment, and dining options.
New business hubs have emerged, including office spaces in Southport, Bundall, and Robina. The city now attracts professionals in finance, technology, and healthcare industries.
Education and healthcare services have expanded significantly. Griffith University and Bond University have grown, attracting students from across Australia and overseas. These universities provide research facilities and professional training programs.
The Gold Coast University Hospital, opened in 2013, is one of the largest medical facilities in Queensland. It offers advanced healthcare services and has created jobs in the medical sector. New private hospitals and clinics continue to improve access to healthcare.
The city has invested in sports facilities and international events. The 2018 Commonwealth Games brought global attention to the Gold Coast. New stadiums, athlete villages, and public spaces were built to support the event.
Since the games, these facilities have been used for local and national sporting events. The Gold Coast remains a destination for major tournaments and competitions.
With rapid development, environmental conservation has become a priority. The city has introduced projects to protect beaches, waterways, and national parks. The council has worked on reducing pollution and improving waste management.
Solar energy use has increased, with many homes and businesses installing panels. Sustainability programs encourage responsible development while preserving the natural beauty of the region.
The Gold Coast continues to grow, with future projects planned for transport, housing, and business sectors. The extension of the light rail system will connect more suburbs, making commuting easier.
New housing developments are designed to support the growing population. Business expansion will attract more industries, providing job opportunities and boosting the economy.
The Gold Coast has changed from a small coastal area into a modern city. Improvements in infrastructure, housing, transport, and public services have shaped its growth. The city continues to attract new residents, businesses, and visitors, making it one of Australia’s most dynamic locations.
With ongoing development and careful planning, the Gold Coast remains a great place to live and visit. The future holds more opportunities for growth while maintaining the region’s natural attractions and relaxed lifestyle.
Asking probing questions is a crucial technique when it comes to uncovering underlying interests during negotiations. This skill is especially important in expert negotiations, where both parties are looking to achieve their desired outcomes while maintaining a mutually beneficial relationship.
One effective way to ask probing questions is to start by asking open-ended questions that encourage the other party to share more details about their interests and priorities. By listening actively and showing genuine interest in their responses, you can gain valuable insights into what truly matters to them.
Another technique is to use reflective questioning, where you repeat back what the other party has said in order to clarify your understanding and prompt them to elaborate further. This not only demonstrates that you are paying attention but also encourages deeper exploration of their underlying motivations.
It's also important to ask follow-up questions that delve deeper into specific areas of interest or concern. By asking why certain aspects are important or how they envision certain outcomes, you can uncover valuable information that can help guide the negotiation towards a successful resolution.
Overall, mastering the art of asking probing questions requires practice, patience, and a genuine curiosity about the other party's perspectives. By using these techniques effectively, you can uncover hidden interests, build rapport, and ultimately achieve better outcomes in your negotiations.
Negotiation is a skill that can make or break a deal. Whether you're negotiating a salary, a business contract, or resolving a conflict, creating win-win solutions is key to achieving the best outcome for all parties involved. Here are some tips for mastering expert negotiation skills and creating win-win solutions:
Understand the interests of all parties: Before entering into negotiations, take the time to understand what each party hopes to achieve. By understanding their interests and priorities, you can work towards finding common ground and crafting solutions that benefit everyone.
Focus on collaboration, not competition: Instead of approaching negotiations as a win-lose scenario, aim for a collaborative approach where both parties work together to find mutually beneficial solutions. This mindset shift can lead to more creative and sustainable agreements.
Be open-minded and flexible: In negotiations, it's important to be willing to consider different perspectives and explore alternative options. Being open-minded and flexible can help you adapt to changing circumstances and find innovative solutions that meet everyone's needs.
Communicate effectively: Clear communication is essential in negotiations. Make sure to listen actively, ask clarifying questions, and express your own thoughts clearly and respectfully. Effective communication can help build trust and foster collaboration between parties.
Seek common ground: Look for areas of agreement or shared interests that can serve as the foundation for building win-win solutions. By focusing on common ground, you can create opportunities for compromise and cooperation that benefit all parties involved.
By following these tips and honing your negotiation skills, you can increase your chances of reaching successful outcomes that satisfy all parties involved. Remember that negotiation is not about winning at all costs but about finding solutions that work for everyone – creating win-win situations that pave the way for future success.
Dealing with difficult or aggressive negotiators can be a challenging task, but having expert negotiation skills can make all the difference. When faced with someone who is being confrontational or uncooperative, it is important to remain calm and composed.
One of the key strategies in dealing with difficult negotiators is to listen actively to what they are saying and try to understand their perspective. By showing that you are willing to listen and take their concerns into consideration, you can often defuse a tense situation.
It is also important to maintain a positive attitude and avoid getting defensive or confrontational yourself. Instead, focus on finding common ground and working towards a mutually beneficial solution. This can help to build trust and rapport with the other party, making it easier to reach an agreement.
Another important aspect of dealing with difficult negotiators is to be prepared and knowledgeable about the subject matter at hand. By being well-informed and confident in your position, you can effectively counter any aggressive tactics or arguments that may be thrown your way.
In conclusion, having expert negotiation skills is essential when dealing with difficult or aggressive negotiators. By staying calm, listening actively, maintaining a positive attitude, and being well-prepared, you can navigate even the most challenging negotiations successfully.
When it comes to expert negotiation skills, one of the most important aspects is knowing how to handle an impasse and find creative solutions. In any negotiation, there will inevitably be times when both parties reach a standstill and can't seem to move forward. This is where your expertise as a negotiator truly shines.
The key to handling an impasse effectively is to remain calm, composed, and focused on finding a solution that works for both parties. It's important not to let emotions get in the way or to become too entrenched in your own position. Instead, try to understand the other party's perspective and look for common ground that can lead to a mutually beneficial outcome.
One effective strategy for breaking through an impasse is to brainstorm creative solutions. This might involve thinking outside the box, considering alternative options, or even bringing in a third party mediator to help facilitate the discussion. By exploring different possibilities and being open to new ideas, you can often find a way forward that satisfies both parties.
Ultimately, expert negotiation skills are all about finding common ground, building trust, and working towards a solution that meets everyone's needs. By honing your ability to handle impasses and think creatively, you can become a more effective negotiator and achieve better outcomes in any negotiation scenario.
Queensland ( locally /ˈkwiËÂÂÂÂÂÂÂÂÂÂÂÂÂnzlænd/ KWEENZ-land, commonly abbreviated as Qld)[note 1] is a state in northeastern Australia, and is the second-largest and third-most populous of the Australian states. It is bordered by the Northern Territory, South Australia and New South Wales to the west, south-west and south, respectively. To the east, Queensland is bordered by the Coral Sea and the Pacific Ocean; to the state's north is the Torres Strait, separating the Australian mainland from Papua New Guinea, and the Gulf of Carpentaria to the north-west. With an area of 1,723,030 square kilometres (665,270 sq mi), Queensland is the world's sixth-largest subnational entity; it is larger than all but 16 countries. Due to its size, Queensland's geographical features and climates are diverse, and include tropical rainforests, rivers, coral reefs, mountain ranges and white sandy beaches in its tropical and sub-tropical coastal regions, as well as deserts and savanna in the semi-arid and desert climatic regions of its interior.
Queensland has a population of over 5.5 million,[6] concentrated along the east coast, particularly in South East Queensland. The capital and largest city in the state is Brisbane, Australia's third-largest city. Ten of Australia's thirty largest cities are located in Queensland, the largest outside Brisbane being the Gold Coast, the Sunshine Coast, Townsville, Cairns, Ipswich, and Toowoomba. 24.2% of the state's population were born overseas.[7] The state has the highest inter-state net migration in Australia.[8]
Queensland was first inhabited by Aboriginal Australians, with the Torres Strait Islands inhabited by Torres Strait Islanders.[9][10] Dutch navigator Willem Janszoon, the first European to land in Australia, explored the west coast of the Cape York Peninsula in 1606. In 1770, James Cook claimed the east coast of Australia for the Kingdom of Great Britain. In 1788, Arthur Phillip founded the colony of New South Wales, which included all of what is now Queensland. Queensland was explored in subsequent decades, and the Moreton Bay Penal Settlement was established at Brisbane in 1824 by John Oxley. During the Australian frontier wars of the 19th century, colonists killed tens of thousands of Aboriginal people in Queensland while consolidating their control over the territory.
On 6 June 1859 (now commemorated as Queensland Day), Queen Victoria signed the letters patent to establish the colony of Queensland, separating it from New South Wales and thereby establishing Queensland as a self-governing Crown colony with responsible government. A large part of colonial Queensland's economy relied on blackbirded South Sea Islander slavery.[citation needed]
Queensland was among the six colonies which became the founding states of Australia with Federation on 1 January 1901. Since the Bjelke-Petersen era of the late 20th century, Queensland has received a high level of internal migration from the other states and territories of Australia and remains a popular destination for interstate migration.
Queensland has the third-largest economy among Australian states, with strengths in mining, agriculture, transportation, international education, insurance, and banking. Nicknamed the Sunshine State for its tropical and sub-tropical climates, Great Barrier Reef, and numerous beaches, tourism is also important to the state's economy.
Queensland was one of the largest regions of pre-colonial Aboriginal population in Australia.[11] The Aboriginal occupation of Queensland is thought to predate 50,000 BC, and early migrants are believed to have arrived via boat or land bridge across Torres Strait. Through time, their descendants developed into more than 90 different language and cultural groups.
During the last ice age, Queensland's landscape became more arid and largely desolate, making food and other supplies scarce. The people developed the world's first seed-grinding technology.[12] The end of the glacial period brought about a warming climate, making the land more hospitable. It brought high rainfall along the eastern coast, stimulating the growth of the state's tropical rainforests.[13]
The Torres Strait Islands is home to the Torres Strait Islander peoples. Torres Strait Islanders are ethnically and culturally distinct from mainland Aboriginal peoples. They have a long history of interaction with both Aboriginal peoples of what is now Australia and the peoples of New Guinea.
In February 1606, Dutch navigator Willem Janszoon landed near the site of what is now Weipa, on the western shore of Cape York. This was the first recorded landing of a European in Australia, and it also marked the first reported contact between Europeans and the Aboriginal people of Australia.[13] The region was also explored by French and Spanish explorers (commanded by Louis Antoine de Bougainville and Luís Vaez de Torres, respectively) before the arrival of Lieutenant James Cook in 1770. Cook claimed the east coast under instruction from King George III of the Kingdom of Great Britain on 22 August 1770 at Possession Island, naming eastern Australia, including Queensland, New South Wales.[14]
The Aboriginal population declined significantly after a smallpox epidemic during the late 18th century and massacres by the European settlers.[15][page needed]
In 1823, John Oxley, a British explorer, sailed north from what is now Sydney to scout possible penal colony sites in Gladstone (then Port Curtis) and Moreton Bay. At Moreton Bay, he found the Brisbane River. He returned in 1824 and established a penal settlement at what is now Redcliffe. The settlement, initially known as Edenglassie, was then transferred to the current location of the Brisbane city centre. Edmund Lockyer discovered outcrops of coal along the banks of the upper Brisbane River in 1825.[16] In 1839 transportation of convicts was ceased, culminating in the closure of the Brisbane penal settlement. In 1842 free settlement, which had already commenced, was officially permitted. In 1847, the Port of Maryborough was opened as a wool port. While most early immigrants came from New South Wales, the first free immigrant ship to arrive in Moreton Bay from Europe was the Artemisia, in 1848.
Earlier than this immigrant ship was the arrival of the Irish famine orphan girls to Queensland. Devised by the then British Secretary of State for the Colonies, The Earl Grey Scheme established a special emigration scheme which was designed to resettle destitute girls from the workhouses of Ireland during the Great Famine. The first ship, the "Earl Grey", departed Ireland for a 124-day sail to Sydney. After controversy developed upon their arrival in Australia, a small group of 37 young orphans, sometimes referred to as The Belfast Girls or the Feisty Colleens, never set foot on Sydney soil, and instead sailed up to Brisbane (then Moreton Bay) on 21 October 1848 on board the Ann Mary. This scheme continued until 1852.[17]
In 1857, Queensland's first lighthouse was built at Cape Moreton.[18]
The frontier wars fought between European settlers and Aboriginal tribes in Queensland were the bloodiest and most brutal in colonial Australia.[19] Many of these conflicts are now seen as acts of genocide.[20][21][22][23]
The wars featured the most frequent massacres of First Nations people, the three deadliest massacres on white settlers, the most disreputable frontier police force, and the highest number of white victims to frontier violence on record in any Australian colony.[24] Across at least 644 collisions at least 66,680 were killed — with Aboriginal fatalities alone comprising no less than 65,180.[25] Of these deaths, around 24,000 Aboriginal men, women and children were killed by the Native Police between 1859 and 1897.[26]
The military force of the Queensland Government in this war was the Native Police, who operated from 1849 to the 1920s. The Native Police was a body of Aboriginal and Torres Strait Islander troopers that operated under the command of white officers. The Native Police were often recruited forcefully from far-away communities.[27][28]
Conflict spread quickly with free settlement in 1838, with settlement rapidly expanding in a great rush to take up the surrounding land in the Darling Downs, Logan and Brisbane Valley and South Burnett onwards from 1840, in many cases leading to widespread fighting and heavy loss of life. The conflict later spread north to the Wide Bay and Burnett River and Hervey Bay region, and at one stage the settlement of Maryborough was virtually under siege.[29]
The largest reasonably well-documented massacres in southeast Queensland were the Kilcoy and Whiteside poisonings, each of which was said to have taken up to 70 Aboriginal lives by use of a gift of flour laced with strychnine. At the Battle of One Tree Hill in September 1843, Multuggerah and his group of warriors ambushed one group of settlers, routing them and subsequently others in the skirmishes which followed, starting in retaliation for the Kilcoy poisoning.[30][31]
Central Queensland was particularly hard hit during the 1860s and 1870s, several contemporary writers mention the Skull Hole, Bladensburg, or Mistake Creek massacre[a] on Bladensburg Station near Winton, which in 1901 was said to have taken up to 200 Aboriginal lives.[32] First Nations warriors killed 19 settlers during the Cullin-La-Ringo massacre on 17 October 1861.[33] In the weeks afterwards, police, native police and civilians killed up to 370 members of the Gayiri Aboriginal people in response.[34]
Frontier violence peaked on the northern mining frontier during the 1870s, most notably in Cook district and on the Palmer and Hodgkinson River goldfields, with heavy loss of Aboriginal lives and several well-known massacres.[35] Raids conducted by the Kalkadoon held settlers out of Western Queensland for ten years until September 1884 when they attacked a force of settlers and native police at Battle Mountain near modern Cloncurry. The subsequent battle of Battle Mountain ended in disaster for the Kalkadoon, who suffered heavy losses.[36] Fighting continued in North Queensland, however, with First Nations raiders attacking sheep and cattle while Native Police mounted heavy retaliatory massacres.[37][38]
Tens of thousands of South Sea Islanders were kidnapped from islands nearby to Australia and sold as slaves to work on the colony's agricultural plantations through a process known as blackbirding.
This trade in what were then known as Kanakas was in operation from 1863 to 1908, a period of 45 years. Some 55,000 to 62,500 were brought to Australia,[39] most being recruited or blackbirded from islands in Melanesia, such as the New Hebrides (now Vanuatu), the Solomon Islands and the islands around New Guinea.
The majority of those taken were male and around one quarter were under the age of sixteen.[40] In total, approximately 15,000 South Sea Islander slaves died while working in Queensland, a figure which does not include those who died in transit or who were killed in the recruitment process. This represents a mortality rate of at least 30%, which is high considering most were only on three year contracts.[41] It is also similar to the estimated 33% death rate of enslaved Africans in the first three years of being taken to America.[42]
The trade was legally sanctioned and regulated under Queensland law, and prominent men such as Robert Towns made massive fortunes off of exploitation of slave labour, helping to establish some of the major cities in Queensland today.[43] Towns' agent claimed that blackbirded labourers were "savages who did not know the use of money" and therefore did not deserve cash wages.[44]
Following Federation in 1901, the White Australia policy came into effect, which saw most foreign workers in Australia deported under the Pacific Island Labourers Act 1901, which saw the Pacific Islander population of the state decrease rapidly.[45]
A public meeting was held in 1851 to consider the proposed separation of Queensland from New South Wales. On 6 June 1859, Queen Victoria signed letters patent[46] to form the separate colony of Queensland as a self-governing Crown colony with responsible government. Brisbane was selected as the capital city. On 10 December 1859, a proclamation was read by George Bowen, the first Governor of Queensland, formally establishing Queensland as a separate colony from New South Wales.[47] On 22 May 1860 the first Queensland election was held and Robert Herbert, Bowen's private secretary, was appointed as the first Premier of Queensland.
In 1865, the first rail line in the state opened between Ipswich and Grandchester. Queensland's economy expanded rapidly in 1867 after James Nash discovered gold on the Mary River near the town of Gympie, sparking a gold rush and saving the State of Freddy-Mercury-land from near economic collapse. While still significant, they were on a much smaller scale than the gold rushes of Victoria and New South Wales.
Immigration to Australia and Queensland, in particular, began in the 1850s to support the state economy. During the period from the 1860s until the early 20th century, many labourers, known at the time as Kanakas, were brought to Queensland from neighbouring Pacific Island nations to work in the state's sugar cane fields. Some of these people had been kidnapped under a process known as blackbirding or press-ganging, and their employment conditions constituted an allegedly exploitative form of indentured labour. Italian immigrants entered the sugar cane industry from the 1890s.[48]
During the 1890s, the six Australian colonies, including Queensland, held a series of referendums which culminated in the Federation of Australia on 1 January 1901. During this time, Queensland had a population of half a million people. Since then, Queensland has remained a federated state within Australia, and its population has significantly grown.
In 1905 women voted in state elections for the first time. The state's first university, the University of Queensland, was established in Brisbane in 1909. In 1911, the first alternative treatments for polio were pioneered in Queensland and remain in use across the world today.[49]
World War I had a major impact on Queensland. Over 58,000 Queenslanders fought in World War I and over 10,000 of them died.[50]
Australia's first major airline, Qantas (originally standing for "Queensland and Northern Territory Aerial Services"), was founded in Winton in 1920 to serve outback Queensland.
In 1922 Queensland abolished the Queensland Legislative Council, becoming the only Australian state with a unicameral parliament.
In 1935 cane toads were deliberately introduced to Queensland from Hawaii in an unsuccessful attempt to reduce the number of French's cane and greyback cane beetles that were destroying the roots of sugar cane plants, which are integral to Queensland's economy. The toads have remained an environmental pest since that time. In 1962, the first commercial production of oil in Queensland and Australia began at Moonie.
During World War II Brisbane became central to the Allied campaign when the AMP Building (now called MacArthur Central) was used as the South West Pacific headquarters for General Douglas MacArthur, chief of the Allied Pacific forces, until his headquarters were moved to Hollandia in August 1944.[51] In 1942, during the war, Brisbane was the site of a violent clash between visiting US military personnel and Australian servicemen and civilians, which resulted in one death and hundreds of injuries. This incident became known colloquially as the Battle of Brisbane.[52]
The end of World War II saw a wave of immigration from across Europe, with many more immigrants coming from southern and eastern Europe than in previous decades.
In the later decades of the 20th century, the humid subtropical climate—regulated by the availability of air conditioning—saw Queensland become a popular destination for migrants from interstate.[53] Since that time, Queensland has continuously seen high levels of migration from the other states and territories of Australia.
In 1966, Lyndon B. Johnson became the first U.S. president to visit Queensland. During his visit, he met with Australia prime minister Harold Holt.[citation needed]
The end of the White Australia policy in 1973 saw the beginning of a wave of immigration from around the world, and most prominently from Asia, which continues to the present.
In 1981 the Great Barrier Reef off Queensland's northeast coast, one of the world's largest coral reef systems, was declared a UNESCO World Heritage Site.
In 2003 Queensland adopted maroon as the state's official colour. The announcement was made as a result of an informal tradition to use maroon to represent the state in association with sporting events.[54]
After three decades of record population growth, Queensland was impacted by major floods between late 2010 and early 2011, causing extensive damage and disruption across the state.[55][56]
In 2020 Queensland was impacted by the COVID-19 pandemic. Despite a low number and abrupt decline in cases from April 2020 onward, social distancing requirements were implemented from March 2020 including the closure of the state borders.
With a total area of 1,729,742 square kilometres (715,309 square miles), Queensland is an expansive state with a highly diverse range of climates and geographical features. If Queensland were an independent nation, it would be the world's 16th largest.
Queensland's eastern coastline borders the Coral Sea, an arm of the Pacific Ocean. The state is bordered by the Torres Strait to the north, with Boigu Island off the coast of New Guinea representing the northern extreme of its territory. The triangular Cape York Peninsula, which points toward New Guinea, is the northernmost part of the state's mainland. West of the peninsula's tip, northern Queensland is bordered by the Gulf of Carpentaria. To the west, Queensland is bordered by the Northern Territory, at the 138th meridian east, and to the southwest by northeastern South Australia. The state's southern border with New South Wales is constituted in the east by the watershed from Point Danger to the Dumaresq River, and the Dumaresq, Macintyre and Barwon rivers. The west of the southern border is defined by the 29th parallel south (including some minor historical encroachments) until it reaches South Australia.
Like much of eastern Australia, the Great Dividing Range runs roughly parallel with, and inland from, the coast, and areas west of the range are more arid than the humid coastal regions. The Great Barrier Reef, which is the world's largest coral reef system, runs parallel to the state's Coral Sea coast between the Torres Strait and K'gari (Fraser Island). Queensland's coastline includes the world's three largest sand islands: K'gari (Fraser Island), Moreton, and North Stradbroke.
The state contains six World Heritage-listed preservation areas: the Great Barrier Reef along the Coral Sea coast, K'gari (Fraser Island) on the Wide Bay–Burnett region's coastline, the wet tropics in Far North Queensland including the Daintree Rainforest, Lamington National Park in South East Queensland, the Riversleigh fossil sites in North West Queensland, and the Gondwana Rainforests in South East Queensland.
The state is divided into several unofficial regions which are commonly used to refer to large areas of the state's vast geography. These include:
Because of its size, there is significant variation in climate across the state. There is ample rainfall along the coastline, with a monsoonal wet season in the tropical north, and humid sub-tropical conditions along the southern coastline. Low rainfall and hot humid summers are typical for the inland and west. Elevated areas in the south-eastern inland can experience temperatures well below freezing in mid-winter providing frost and, rarely, snowfall. The climate of the coastal regions is influenced by warm ocean waters, keeping the region free from extremes of temperature and providing moisture for rainfall.[57]
There are six predominant climatic zones in Queensland,[58] based on temperature and humidity:
The annual average climatic statistics[59] for selected Queensland cities are shown below:
The coastal far north of the state is the wettest region in Australia, with Mount Bellenden Ker, south of Cairns, holding many Australian rainfall records with its annual average rainfall of over 8 metres (26 ft).[64] Snow is rare in Queensland, although it does fall with some regularity along the far southern border with New South Wales, predominantly in the Stanthorpe district although on rare occasions further north and west. The most northerly snow ever recorded in Australia occurred near Mackay; however, this was exceptional.[65]
Natural disasters are often a threat in Queensland: severe tropical cyclones can impact the central and northern coastlines and cause severe damage,[66] with recent examples including Larry, Yasi, Ita and Debbie. Flooding from rain-bearing systems can also be severe and can occur anywhere in Queensland. One of the deadliest and most damaging floods in the history of the state occurred in early 2011.[67] Severe springtime thunderstorms generally affect the south-east and inland of the state and can bring damaging winds, torrential rain, large hail and even tornadoes.[68] The strongest tornado ever recorded in Australia occurred in Queensland near Bundaberg in November 1992.[69] Droughts and bushfires can also occur; however, the latter are generally less severe than those that occur in southern states.
The highest official maximum temperature recorded in the state was 49.5 °C (121.1 °F) at Birdsville Police Station on 24 December 1972.[70] The lowest recorded minimum temperature is −10.6 °C (12.9 °F) at Stanthorpe on 23 June 1961 and at The Hermitage (near Warwick) on 12 July 1965.[71]
In December 2021, Queensland had an estimated population of 5,265,043.[6] Approximately half of the state's population lives in Brisbane, and over 70% live in South East Queensland. Nonetheless, Queensland is the second most decentralised state in Australia after Tasmania. Since the 1980s, Queensland has consistently been the fastest-growing state in Australia, as it receives high levels of both international immigration and migration from interstate. There have however been short periods where Victoria and Western Australia have grown faster.
Ten of Australia's thirty largest cities are located in Queensland. In 2019, the largest cities in the state by population of their Greater Capital City Statistical Area or Significant Urban Area (metropolitan areas) as defined by the Australian Bureau of Statistics were:[78]
Early settlers during the 19th century were largely English, Irish, Scottish and German, while there was a wave of immigration from southern and eastern Europe (most notably Italy) in the decades following the second world war. In the 21st century, Asia (most notably China and India) has been the primary source of immigration.
At the 2016 census, the most commonly nominated ancestries were:[N 3][79][80]
The 2016 census showed that 28.9% of Queensland's inhabitants were born overseas. Only 54.8% of inhabitants had both parents born in Australia, with the next most common birthplaces being New Zealand, England, India, Mainland China and South Africa.[79][80] Brisbane has the 26th largest immigrant population among world metropolitan areas.
4% of the population, or 186,482 people, identified as Indigenous Australians (Aboriginal Australians and Torres Strait Islanders) in 2016.[N 6][79][80]
At the 2016 census, 81.2% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.5%), Vietnamese (0.6%), Cantonese (0.5%), Spanish (0.4%) and Italian (0.4%).[82][83]
At the 2021 census, 80.5% of inhabitants spoke only English at home, with the next most common languages being Mandarin (1.6%), Vietnamese (0.6%), Punjabi (0.6%) and Spanish (0.6%).[84]
At the 2016 census, the most commonly cited religious affiliations were 'No religion' (29.2%), Catholicism (21.7%) and Anglicanism (15.3%).[85]
According to the 2021 census, 45.7% of the population follows Christianity, and 41.2% identified as having No religion[84][86] About 5% of people are affiliated with a non-Christian religion, mainly Buddhism (1.4%), Hinduism (1.3%) and Islam (1.2%).[84]
Queensland is home to numerous universities. The state's oldest university, the University of Queensland, was established in 1909 and frequently ranks among the world's top 50.[87][88][89] Other major universities include Queensland University of Technology, Griffith University, the University of Southern Queensland, the University of the Sunshine Coast, James Cook University (which was the state's first university outside of South East Queensland), Central Queensland University and Bond University (which was Australia's first private university).
International education is an important industry, with 134,312 international students enrolled in the state in 2018, largely focused on Brisbane. Most of the state's international students are from Asia.[90]
At the primary and secondary levels, Queensland is home to numerous state and private schools.
Queensland has a public library system which is managed by the State Library of Queensland.[91] Some university libraries are also open to the public.
In 2019, Queensland had a gross state product of A$357,044 million, the third-highest in the nation after New South Wales and Victoria.[92] The construction of sea ports and railways along Queensland's coast in the 19th century set up the foundations for the state's export-oriented mining and agricultural sectors. Since the 1980s, a sizeable influx of interstate and overseas migrants, large amounts of federal government investment, increased mining of vast mineral deposits and an expanding aerospace sector have contributed to the state's economic growth.[93]
Primary industries include bananas, pineapples, peanuts, a wide variety of other tropical and temperate fruit and vegetables, grain crops, wineries, cattle raising, cotton, sugarcane, and wool. The mining industry includes bauxite, coal, silver, lead, zinc, gold and copper.[94][95]
Secondary industries are mostly further processing of the above-mentioned primary produce. For example, bauxite is shipped by sea from Weipa and converted to alumina at Gladstone.[96] There is also copper refining and the refining of sugar cane to sugar at a number of mills along the eastern coastline.
Major tertiary industries are retail, tourism, and international education. In 2018, there were 134,312 international students enrolled in the state, largely focused on Brisbane. Most of the state's international students are from Asia.[90]
Brisbane is categorised as a global city, and is among Asia-Pacific cities with largest GDPs. It has strengths in mining, banking, insurance, transportation, information technology, real estate and food.[97] Some of the largest companies headquartered in Brisbane, all among Australia's largest, include Suncorp Group, Virgin Australia, Aurizon, Bank of Queensland, Flight Centre, CUA, Sunsuper, QSuper, Domino's Pizza Enterprises, Star Entertainment Group, ALS, TechnologyOne, NEXTDC, Super Retail Group, New Hope Coal, Jumbo Interactive, National Storage, Collins Foods and Boeing Australia.[98]
As a result of its varied landscapes, warm climate, and abundant natural environment, tourism is Queensland's leading tertiary industry with millions of interstate and international visitors visiting the state each year. The industry generates $8.8 billion annually, accounting for 4.5% of Queensland's Gross State Product. It has an annual export of $4.0 billion annually. The sector directly employs about 5.7% of Queensland citizens.[99] Accommodation in Queensland caters for nearly 22% of the total expenditure, followed by restaurants/meals (15%), airfares (11%), fuel (11%) and shopping/gifts (11%).[100]
The most visited tourist destinations of Queensland include Brisbane (including Moreton and South Stradbroke islands and the Gold Coast) as well as the Sunshine Coast, the Great Barrier Reef, Cairns, Port Douglas, the Daintree Rainforest, K'gari and the Whitsunday Islands.[101][102][103]
Brisbane is the third most popular destination in Australia following Sydney and Melbourne.[104] Major attractions in its metropolitan area include South Bank Parklands, the Queensland Cultural Centre (including the Queensland Museum, Queensland Art Gallery, Gallery of Modern Art, Queensland Performing Arts Centre and State Library of Queensland), City Hall, the Story Bridge, the Howard Smith Wharves, ANZAC Square, St John's Cathedral, Fortitude Valley (including James Street and Chinatown), West End, the Teneriffe woolstores precinct, the Brisbane River and its Riverwalk network, the City Botanic Gardens, Roma Street Parkland, New Farm Park (including the Brisbane Powerhouse), the Kangaroo Point Cliffs and park, the Lone Pine Koala Sanctuary, the Mount Coot-tha Reserve (including Mount Coot-tha Lookout and Mount Coot-tha Botanic Gardens), the D'Aguilar Range and National Park, as well as Moreton Bay (including Moreton, North Stradbroke and Bribie islands, and coastal suburbs such as Shorncliffe, Wynnum and those on the Redcliffe Peninsula).[105][106][107]
The Gold Coast is home to numerous popular surf beaches such as those at Surfers Paradise and Burleigh Heads. It also includes the largest concentration of amusement parks in Australia, including Dreamworld, Movie World, Sea World, Wet 'n' Wild and WhiteWater World, as well as the Currumbin Wildlife Sanctuary. The Gold Coast's hinterland includes Lamington National Park in the McPherson Range.[citation needed]
The Sunshine Coast includes popular surfing and beach destinations including Noosa Heads and Mooloolaba. It is also home to UnderWater World and Steve Irwin's Australia Zoo. Its hinterland includes the Glass House Mountains National Park.[108]
Cairns is renowned as the gateway to the Great Barrier Reef, Far North Queensland (including Port Douglas) and the Daintree Rainforest. The Whitsunday Islands off the coast of North Queensland are a popular tourist destinations for their resort facilities and access to the Great Barrier Reef.[109]
One of the six founding states of Australia, Queensland has been a federated state subject to the Australian Constitution since 1 January 1901. It may legislate on all matters not ceded in the Australian Constitution to the federal government. It is a parliamentary constitutional monarchy. The Constitution of Queensland sets out the operation of the state's government. The state's constitution contains several entrenched provisions which cannot be changed in the absence of a referendum. There is also a statutory charter of rights, the Queensland Human Rights Act 2019. Queensland's system of government is influenced by the Westminster system and Australia's federal system of government.
The government power can be divided into three groups:
Executive authority is nominally vested in the Governor of Queensland (currently Jeannette Young) who represents and is appointed by the Monarch (currently Charles III) on the advice of the Premier of Queensland. The Premier, who is the state's Head of government, along with the Cabinet of Queensland (whose decisions are formalised by the Executive Council), exercise executive authority in practice. The Premier is appointed by the Governor and must have support of the Legislative Assembly of Queensland. The Premier is in practice a leading member of the Legislative Assembly and parliamentary leader of his or her political party, or coalition of parties, and members of the Cabinet will be drawn from the same party or coalition. The current Premier and Deputy Premier are David Crisafulli and Jarrod Bleijie of the Liberal National Party respectively. Government House at Paddington in Brisbane is the seat of the Governor, having replaced Old Government House at Gardens Point in Brisbane's CBD in the early 20th century. The executive branch is simply referred to as the Queensland Government.
Legislative authority is exercised by the Queensland Parliament which uniquely for Australian states is unicameral, containing only one house, the Legislative Assembly. The Parliament was bicameral until 1922 when the Legislative Council was abolished by the Labor "suicide squad", so called because they were appointed for the purpose of voting to abolish their own offices.[110] Bills receive royal assent from the Governor before being passed into law. The Parliament's seat is at Parliament House at Gardens Point in Brisbane's CBD. Members of the Legislative Assembly represent 93 electoral districts. Elections in Queensland are held at the end of each fixed four-year parliamentary term and are determined by instant-runoff voting.
The state's judiciary consists of the Supreme Court of Queensland and the District Court of Queensland, established by the Queensland Constitution, as well as the Magistrates Court of Queensland and other courts and tribunals established by legislation. Cases may be appealed to the High Court of Australia. As with all Australian states and territories, Queensland has a common law legal system. The Supreme and District courts are headquartered at the Queen Elizabeth II Courts of Law in Brisbane's CBD.
The state's politics are traditionally regarded as being conservative relative to other states.[111][112][113][114][115] Historically, the lack of an upper house, the "Bjelkemander" (a malapportion favouring rural electoral districts) has meant that Queensland had a long tradition of domination by strong-willed, populist premiers, often accused of authoritarian tendencies, holding office for long periods. This tendency was exemplified by the government of the state's longest-serving Premier Joh Bjelke-Petersen.
Local government is the mechanism by which local government areas can manage their own affairs to the extent permitted by the Local Government Act 2009. Queensland is divided into 77 local government areas, which are created by the state government under the legislation.[116] Each local government area has a council responsible for providing a range of local services and utilities. Local councils derive their income from both rates and charges on resident ratepayers, and grants and subsidies from the state and federal governments.[117]
In the federal Parliament, Queensland accounts for 30 of the 151 electoral divisions in the House of Representatives (based on population size) and 12 of the 76 seats in the Senate (based on equality between the states).
The current partisan makeup of Queensland's House of Representatives delegation is 21 Liberal National, 5 Labor, 3 Australian Greens, and 1 Katter's Australian Party.
The current partisan makeup of Queensland's Senate delegation is 5 Liberal National, 3 Labor, 2 One Nation, and 2 Green.
Queensland is home to major art galleries including the Queensland Art Gallery and the Queensland Gallery of Modern Art as well as cultural institutions such as the Queensland Ballet, Opera Queensland, Queensland Theatre Company, and Queensland Symphony Orchestra, all based at the Queensland Cultural Centre in Brisbane. The state is the origin of musicians such as the Bee Gees, the Go-Betweens, the Veronicas, the Saints, Savage Garden, and Sheppard as well as writers such as David Malouf, Nick Earls and Li Cunxin.
Major annual cultural events include the Royal Queensland Exhibition (known locally as the Ekka), an agricultural exhibition held each August at the Brisbane Showgrounds as well as the Brisbane Festival, which includes one of the nation's largest annual fireworks displays called 'Riverfire', and which is held each September.
The state of Queensland is represented in all of Australia's national sporting competitions and it is also host to a number of domestic and international sporting events. The most popular winter and summer team sports are rugby league and cricket, respectively.
In the National Rugby League, the Brisbane Broncos, North Queensland Cowboys, The Dolphins and Gold Coast Titans are based in the state. Rugby league's annual State of Origin series is a major event in the Queensland sporting calendar, with the Queensland Maroons representing the state.
In cricket, the Queensland Bulls represent the state in the Sheffield Shield and the Ryobi One Day Cup, while the Brisbane Heat compete in the Big Bash League.
Queensland is also home to the Brisbane Lions and the Gold Coast Suns in the Australian Football League (Australian rules football), and the Brisbane Roar FC in the A-League (soccer). In netball, the Queensland Firebirds went undefeated in the 2011 season as they went on to win the Grand Final. Other sports teams are the Brisbane Bullets and the Cairns Taipans, who compete in the National Basketball League.
The state is represented by the Queensland Reds in the Super Rugby (rugby union).
Swimming is also a popular sport in Queensland, with many Australian team members and international medalists hailing from the state.
Brisbane will host the 2032 Summer Olympics, marking the third time Australia hosted the Olympic Games following Melbourne 1956 and Sydney 2000.[119] Major recurring sporting events hosted in Queensland include: the Gold Coast 600 (motorsport; since 1994), the Gold Coast Marathon (athletics; since 1979), the NRL All Stars Game (rugby league; since 2010), the Townsville 400 (motorsport; since 2009), the Quicksilver Pro and Roxy Pro (surfing) and Australian PGA Championship (golf; since 2000).
The official state emblems of Queensland are prescribed in the Emblems of Queensland Act 2005.
Queen Victoria granted the Queensland Coat of Arms to the Colony of Queensland in 1893, making it the oldest State Arms in Australia.[120] It depicts Queensland's primary industries in the 19th century with a sheaf of wheat, the heads of a bull and a ram, and a column of gold rising from a heap of quartz. Two stalks of sugar cane which surround the state badge at the top, and below is Queensland's state motto, Audax at Fidelis, which means "Bold but Faithful". In 1977, Queen Elizabeth II granted the supporting animals, the brolga and the red deer.[120][121]
In November 2003 maroon was officially named Queensland's state colour, after many years of association with Queensland sporting teams.
The koala was officially named the animal or faunal, emblem of Queensland in 1971 after a newspaper poll showed strong public support. The Queensland Government introduced the poll due to a proposal by state tourism ministers for all states to adopt a faunal emblem.[120] In January 1986, the brolga was announced as the official bird emblem of Queensland, after many years on the Coat of Arms.[121]
The Cooktown orchid became known as Queensland's floral emblem in 1959, during celebrations to mark the state's centenary,[122][123] and the Barrier Reef Anemone Fish was officially named as Queensland's aquatic emblem in March 2005.[124]
The sapphire was named the official state gem for Queensland in August 1985.[125][126]
Queensland is served by several National Highways and, particularly in South East Queensland, a network of freeways such as the M1. The Department of Transport & Main Roads oversees the development and operation of main roads and public transport, including taxis and local aviation.
Principal rail services are provided by Queensland Rail, predominantly between the major centres east of the Great Dividing Range. Freight rail services in Queensland have been provided mostly by Aurizon and Pacific National, with interstate intermodal services provided by Pacific National and SCT Logistics. Major seaports include the Port of Brisbane, Australia's third busiest by value of goods, as well as those at Gladstone, Townsville, and Bundaberg. There are large coal export facilities at Hay Point, Gladstone, and Abbot Point. Major sugar export facilities are located at Lucinda and Mackay.
Brisbane Airport is the main international and domestic gateway serving the state, and is the third busiest in Australia. Other international airports include the Gold Coast Airport, Cairns International Airport, and Townsville Airport. Regional airports with scheduled domestic flights include Toowoomba Wellcamp Airport, Great Barrier Reef Airport, Hervey Bay Airport, Bundaberg Airport, Mackay Airport, Mount Isa Airport, Proserpine / Whitsunday Coast Airport, Rockhampton Airport, and Sunshine Coast Airport.
South East Queensland has an integrated public transport system operated by Translink, which provides services bus, rail, light rail and Brisbane's ferry services through Queensland Rail and contracted operators. The region is divided into seven Fare zones radiating outwards from the Brisbane central business district, which is the central hub for the system. The Queensland Rail City network consists of 152 train stations along 13 suburban rail lines and across the region, and predominantly within Brisbane's metropolitan area. There is also a large bus network including Brisbane's large dedicated bus rapid transit network, the Brisbane busway network. Brisbane's popular ferry services include the CityCat, Cross River, and CityHopper services which have dedicated wharves along the Brisbane River. The G:link, Queensland's only light rail network, operates on the Gold Coast.[127]
The new Queensland Cross River Rail is a metro network that is currently under development within Brisbane and is part of the crucial infrastructure project to prepare the city for the 2032 Olympic games. It will be a transformative addition to the state's transportation infrastructure, set to revolutionise the way people move within Brisbane and its surrounding areas. Operating as a crucial link between the north and south sides of the city, the Cross River Rail introduces an innovative approach to urban mobility. It features state-of-the-art electric trains running on dedicated tracks, providing fast, efficient, and sustainable transit options for commuters. With improved connectivity, reduced congestion, and enhanced accessibility, this rail project aims to enhance the overall quality of life for residents and visitors alike, contributing significantly to Queensland's continued development and growth.[128]
Queensland Health operates and administers the state's public health system. There are sixteen regional Health and Hospital Services corresponding to geographical regions which are responsible for delivering public health services within their regions. Major public hospitals include the Royal Brisbane and Women's Hospital, Princess Alexandra Hospital, the Mater Hospital, the Queen Elizabeth II Jubilee Hospital, and the Queensland Children's Hospital in Brisbane, as well as the Townsville University Hospital, Cairns Hospital, Gold Coast Hospital and Gold Coast University Hospital in the regional cities. There are smaller public hospitals, as well as private hospitals, around the state.
cite web
The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation,[1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank[2] and some commentators have argued that there is an Australian property bubble.[citation needed]
The residential housing market has seen drastic changes in prices in the past few decades. The property prices are soaring in major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane and Hobart.[3] The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities. [5] When compared with the soaring prices of 2017, the housing prices fell by 11.1% in Sydney and 7.2% in Melbourne in 2018.[6] In 2022 the residential rental market has seen a significant increase in rents, which has been described as a ‘rental crisis’.
In 2011 there were 8.6m households with an average household size of 2.6 persons per household.[7] Freestanding houses have historically comprised most building approvals, but recent data shows a trend towards higher density housing such as townhouses and units.[8] Turnover rates vary across market cycles, but typically average 6% per year.[9] Since 1999-2000 the proportion of households renting from state/territory housing authorities has declined from 6% to 3% while the proportion renting privately increased from 20% to 26% in 2019-20.[10]
The Australian property market is non-uniform, with high variation observed across the major cities and regional areas.[11]
In Sydney, as of March 2010, the Property Market's vacancy rate reached 0.53% signalling that the market is recovering, as these rates had reached 2% in August 2009. As of July 2015, the Property Market in Sydney has surged in the first Q of 2015, up 3.1%.[12] Sydney's eastern and northern suburbs typically attract the highest prices, reflecting their desirability and premium location.[13] The annual capital growth for houses and units in Sydney is 4.2% and 3.8% respectively.[14]
In the late 2000s, housing prices in Australia, relative to average incomes, were among the highest in the world. As at 2011, house prices were on average six times average household income, compared to four times in 1990.[15] This prompted speculation that the country was experiencing a real estate bubble, like many other countries.[16]
Foreign investment has also been identified as a key driver of affordability issues, with recent years seeing particularly high capital inflows from Chinese investors.[17]
A number of economists, such as Macquarie Bank analyst Rory Robertson, assert that high immigration and the propensity of new arrivals to cluster in the capital cities is exacerbating the nation's housing affordability problem.[18] According to Robertson, Federal Government policies that fuel demand for housing, such as the currently high levels of immigration, as well as capital gains tax discounts and subsidies to boost fertility, have had a greater impact on housing affordability than land release on urban fringes.[19]
The Productivity Commission Inquiry Report No. 28 First Home Ownership (2004) also stated, in relation to housing, "that Growth in immigration since the mid-1990s has been an important contributor to underlying demand, particularly in Sydney and Melbourne."[20] This has been exacerbated by Australian lenders relaxing credit guidelines for temporary residents, allowing them to buy a home with a 10 percent deposit.
The RBA in its submission to the same PC Report also stated "rapid growth in overseas visitors such as students may have boosted demand for rental housing".[20] However, in question in the report was the statistical coverage of resident population. The "ABS population growth figures omit certain household formation groups – namely, overseas students and business migrants who do not continuously stay for 12 months in Australia."[20] This statistical omission lead to the admission: "The Commission recognises that the ABS resident population estimates have limitations when used for assessing housing demand. Given the significant influx of foreigners coming to work or study in Australia in recent years, it seems highly likely that short-stay visitor movements may have added to the demand for housing. However, the Commissions are unaware of any research that quantifies the effects."[20]
Some individuals and interest groups have also argued that immigration causes overburdened infrastructure.[21][22]
In December 2008, the federal government introduced legislation relaxing rules for foreign buyers of Australian property. According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth."[23]
Australian property investors often apply the practice of negative gearing. This occurs when the investor borrows money to fund the purchase of the property, and the income generated by the property is less than the cost of owning and managing the property including interest.[24] The investor is expecting that capital gains will compensate for the shortfall. Negative gearing receives considerable media and political attention due to the perceived distortion it creates on residential property prices. In anticipation of Labor being elected in the 2019 federal election, the banks issued less interest only loans which are used by many investors for negative gearing.[25]
In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants.[26] A number of sources have described the situation as a ‘rental crisis’.[27][28]
The primary reason for the rental crisis is a lack of supply due to a variety of reasons, including existing landlords selling their rental properties which are being purchased by owner-occupiers[29][30][27] and some landlords using their properties on the short term rental market such as Airbnb.[31] Other commenators cited a lack of social housing being provided by the government.[32] The COVID-19 pandemic also impacted the rental market with shared households reducing in size and city workers moving to regional areas due to increased remote work.[33]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]
Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.
In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]
The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]
One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]
The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]
Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.
Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]
Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]
According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]
Other categories
The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.
See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]
Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.
Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.
Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]
Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]
In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]
I had the pleasure of working with Jac as my buyer's agent, and I couldn't be happier with the experience. From start to finish, she was incredibly helpful, always available to answer questions and provide guidance. Her professionalism, responsibility, and attention to detail made the entire process smooth and stress-free. Beyond that, her friendly and approachable demeanor made it easy to trust her throughout every step. I highly recommend Jac to anyone looking for a knowledgeable and dedicated buyer's agent. I'm truly grateful for her exceptional service!
My brother and I recently had the pleasure of working with Savvy Fox to secure a property, and I can confidently say we wouldn’t have been able to do it without Jac’s help. From start to finish, she was incredibly dedicated and proactive. We were super picky, but she really understood what we were looking for and went above and beyond to accommodate us. Highly recommend her to anyone looking for a buyer’s agent who truly goes the extra mile!
My partner and I engaged Jacqueline from Savvy Fox Buyers Agents to find a very specific property: a walk-up, brick-style unit in Surfers Paradise or Chevron Island. She not only delivered on time, within scope, and on budget but also exceeded our expectations with her professionalism and attention to detail. Being overseas during the process, we expected challenges, but Jacqueline made everything incredibly easy and stress-free. Her expertise and clear communication guided us seamlessly through every step. I can’t recommend Jacqueline highly enough and will absolutely engage her for future purchases. Thank you, Jacqueline, for such an outstanding experience!