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

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Southeast Queensland housing markets deliver positive growth

“There are some great, affordable suburbs that are delivering outstanding growth, proving that as long as you do your homework you can achieve strong growth at any price point,”  REIQ CEO Antonia Mercorella said.
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Official cash rate on its way to 0.5%, says one third of Finder's RBA Survey experts

Just over 70% of experts predict the bottom of the cycle at 0.75%.
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Property Education Seminar a great success


Our recent Property Education evening at the Mantra Mooloolaba International was a great success! Attendees enjoyed free drinks, food and childminding, while gaining valuable insight into the Sunshine Coast property market and the changes affecting first home buyers, home owners and investors.

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Council to adopt changes to second dwelling regulations


The Sunshine Coast Council will be adopting proposed changes to the Planning Scheme that involve regulations around secondary dwellings, which are to be implemented at some stage this year.

 

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Cash Rate Predicted To Drop To 0.75%


Economists with the Commonwealth Bank of Australia (CBA) forecast the Reserve Bank of Australia (RBA) to slash the cash rate to 0.75% following an earlier cut this month to 1.25%.

The bank predicted cash rate to drop by 25 basis points in July rather than August, with another similar cut later in the year, most likely in November.
 

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Maroochydore CBD Update: Designs for 9-storey council hall unveiled


“Our City Hall will represent our people, our culture, our natural elements and our success as one of the fastest growing and most progressive regions in Australia and reflect our healthy, smart, creative vision,” Mayor Jamieson said.

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RBA cuts rates to new record low to kickstart economy


At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The Board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.

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Fancy owning your own island?


One of 74 islands in the Whitsundays Victor Island is located two kilometres from the mainland, just south of Mackay, and has been extensively renovated by the current owners.


 

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New car park and retail space designed for Mooloolaba


The announcement follows a council decision last November to divide the Brisbane Road Car Park site into two parcels and call for tenders to design and construct a multi-deck car park on land fronting Smith Street and First Avenue.

 

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APRA moves to ease mortgage-lending criteria


"Under these proposed changes, if we look at the same scenario as previous, whereby someone is looking to borrow at an interest rate 3.9%. This borrower would previously been assessed on their ability to repay the mortgage at an interest rate of 7.25%; now they would be assessed on their ability to repay at a lower 6.4%," said Kusher.

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