Lender turns down Gold Coast apartment loans
Settlement began on Ralan Group’s Ruby project this week.
Su-Lin Tan
Sydney-based private lender Mortgageport has turned down loan applications from apartment buyers for developer Ralan Group’s Gold Coast apartment project Ruby, following a decline in valuation of up to 30 per cent for some apartments.
The group issued an email to brokers early this month after it received several applications for loans at Ruby. It is one of the few lenders that offer mortgages to foreign buyers, a coveted service after the banks withdrew lending to that group of borrowers.
The rejection came just as Ralan Group commenced settlement of the first stage of the apartments this week, about 238 apartments out of 243 units in the first tower of the project. All but the five units that were being held by Ralan were sold to local and foreign investors.
Sydney-based Ralan’s chief executive William O’Dwyer said while the values of some apartments have fallen, other valuations came in at the original purchase price. He does not perceive any problems with settlements, and expects over half of them to be completed by the end of the week.
It is understood that some loans that buyers have obtained may be shortterm to tie them over three to four years while they find a longer term mortgage lender, although Mr O’Dwyer declined to comment as he has no insights into the nature of his clients’ loans.
‘‘We don’t control valuations and I wished that I did ... I am not sure what the science of valuations are,’’ he said.
‘‘I think there is an element of nervousness that come with lending.
‘‘Obtaining funding for any purchaser whether they are in Sydney, Melbourne or the Gold Coast, I think must be completely challenging.’’
The average price sold was between $700,000 to $800,000 for two-bedroom units measuring 70 to 74 sq m. According to Corelogic, the current median price for apartments in Surfers Paradise is $365,000. Currently advertised sales show prices of new off-the-plan apartments on Surfers Paradise vary widely, starting from the area’s median unit price to more than $1 million depending on the quality of the apartments.
The project also known as The Ruby Collection, at 9 Norfolk Avenue on Surfers Paradise, is a resort and apartment project. Investors buy and lease the units as serviced apartments, managed by a central manager. The management group also handles the adjacent Paradise Resort, which has been owned by Mr O’Dwyer since 2015.
After stage one, there will be three other towers, with all four yielding 1600 apartments in total. Each tower will be listed as a separate strata so investors can also live in their apartments.
Mr O’Dwyer says he will continue to back the Gold Coast, particularly with the housing downturn in the Sydney and Melbourne markets. Major private lender Wingate has also invested $36 million in the project.
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未来集团的人15年就说悉尼房市过热，风险太大，不要买，要买就买黄金海岸，便宜。。。
系统性风险啊，我这两年去黄金海岸，和十年前大不一样了，到处是大吊车在盖高层，路上却都没什么车的，根本不堵，要有多少游客才能住满这些楼啊。
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10年一轮回。历史总是惊人的相似。
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黄金海岸是大坑啊，任何时候投资公寓房都不能买。
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黄金海岸的meriton 当年不也不少人借了meriton 自己的2-3年贷款么，明年基本都要到期了。
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万达那项目三栋楼，很壮观
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哪里还有？
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黄金三柱
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澳洲马上就要达到中国的水平了。鬼城。。。
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价格太离谱
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3年前国内一朋友特高兴的告诉我她在黄金海岸买了2个APT, 都是包租几年的那种， 我差点动心跟风。后来自己做了个research, 发展商是国内的，另外附近的几年新的2手房要便宜近30%， 就打消了念头。
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布里斯班 黄金海岸
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黄金海岸别说apartment, 我一个前同事3年前卖他的自住房，是个house, 卖了10个月才卖掉
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开价都是乱来的。以前有傻子不管什么价钱，一概疯抢托盘，现在
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如果不是当地人，想在布里斯班黄金海岸买房的最好去旅游一下。布里斯班cbd周末，类似悉尼pitt st的地方都没啥人，这种地方去投资那真是傻叉了。悉尼跌下来还有接盘侠，那里连接盘侠都没有
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这个盘两房65万。当年ralan sales 给我打电话， 说这个盘如何好，幸亏没买
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布里斯班city里，southbank 周末能挤死人。
不要撒谎不眨眼
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布里斯班，house的价格涨了2%
不要以为全世界都跟悉尼，墨尔本一样，价格跌成了狗。
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感觉布村house房价是稳住了，但是公寓应该是更难受了
黄金村的公寓只能更坑
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布里斯班的公寓，价格已经回暖。
黄金海岸的house，还是上涨的。公寓也很稳定。
ralan那公寓，3-4年前楼花2房65w，当时的市价才40-50几万，当时的价格就太高了。现在也还是这个价格，没跌没涨。
阳光海岸涨了不少
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把中介拖出来打啊
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布里斯班先跌成了狗你不说?
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布里斯班的house，根本都没跌，一直在涨。
是公寓，之前跌了。
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布里斯班的city，现在挤得水泄不通。myer。centre找不到停车位，到处全是人。
southbank的付费停车场，周末也经常找不到车位。跟三年前，真是不能同日而语
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CBD正中心的街上两房两卫一车位的2手Apt 30-35万还有压价空间吗？
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我没仔细研究过city的公寓，不敢乱讲。
但是我是不会买布村的公寓，布村很坚实的小house很多，投资比公寓强。
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ralan做过很多项目，很多是靠谱的。
但是黄金海岸这个项目，从一开始就太贵了，风险比较大。总的来说，我对他们的评价是积极的。
他们的酒店式公寓，其实也还OK。
黄金海岸的酒店式公寓，目前的出租率蛮好的，租金也可以。settle之后，我不觉得会亏钱。
问题出在了一堆海外投资者无法贷款，银行估价低。这其实并不是relan一家有这种问题，澳洲各地的开发商都是这样。Sydney，墨尔本的house，公寓，现在估价也很低。
如果只说这是relan的问题，那不公平。
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如果悉尼房价一直无脑疯涨的话， 我看不出任何理由追高布村的房价，但是如果悉尼神话不再的话，我就要坐下来比投资回报 资金成本 未来盈利预期了， 我看不出不投资布村house的理由
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其实现金充足的投资者，不如按照楼主说的，折价30%，买入酒店式公寓。
黄金海岸，现在的人气是很不错的，酒店出租率都挺好，商业也繁荣起来，人口增长非常块。基础是很扎实的。
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布里斯班－黄金海岸－阳光海岸，现在要比悉尼宜居。这是才澳洲人渴望的生活方式。
虽然你不相信，但是现在就是有很多人，移居昆州东南沿海。
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