Sunshine Coast Property Market News - Latest Updates for local Real Estate

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Extra 10,000 FHB loan guarantees released for First Home Deposit Scheme


Each state has seen successful applications with the top three being NSW, where 1397 certificates have been issued after settlement of a property, Queensland with 1119 and Victoria with 951, as of April 20. A further 3909 places are on hold waiting for the purchase of a property while only 1944 places are still available.

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Sunshine Coast property market remains more resilient than most


As Sydneysiders contend with unaffordable property prices and Melbournians hunker down with a resurgent wave of COVID-19 infections, the major redevelopments underway on the Sunshine Coast are adding to its interstate allure.

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Which property features are now in high demand?


Property search behaviour has changed during coronavirus crisis. Separate areas in which to work and unwind became increasingly front of mind for renters and buyers in recent months, new Domain data shows, with searches for home offices more than doubling across several states.

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Construction date announced for first CBD residential building


Construction of the $83 million Market Lane Residences within the new Maroochydore CBD project is to commence in late July this year. 

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Buyer demand outweighing new May listings


Home sales have risen, with home owners testing the market, and new listings are rising. In fact, buyer demand is outweighing the volume of new listings.

 

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UPDATE: Brisbane Road Car Park Redevelopment


The proposal from KPAT Asset Management Pty Ltd for the site includes a 4.5 star hotel development comprising of 160 hotel rooms, additional car parking and ground level retail space.

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Your Guide to the HomeBuilder HomeRenovator Grant

 

The Australian Federal Government is giving eligible owner-occupiers a $25k HomeBuilder grant to build a new home or substantially renovate an existing home, on top of any state-based schemes they qualify for. This includes the Queensland State Government’s $15k First Home Owners’ Grant and transfer duty concessions currently on offer.

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How COVID-19 has impacted tourism hotspots


When it comes to areas slightly north of Brisbane, the REIQ noted that most areas have remained stable with little movement either way.

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First National Real Estate Announces State GEM Award Winners


On Friday 22 May, First National Real Estate Coastal was recognised for outstanding achievement at the General Excellence and Marketing Awards, in a ground-breaking Instagram Live event, bringing together award recipients from each office around the state to celebrate.

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Sunshine Coast landlord forced to discount rent after QCAT rules in favour of tenant


A Sunshine Coast landlord will be forced to discount the rent for his long-term tenants after the Queensland Civil and Administrative Tribunal ruled he could not prove reducing the rent would put him at a financial disadvantage.

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