Fancy owning your own island
Mon 27 May 19 | Source: Commercial Real Estate Victor Island in the Whitsundays is being sold with everything included!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.Now the 3-hectare island is being sold for $3.5 million – and it does...
Fancy owning your own island?
Victor Island in the Whitsundays is being sold with everything included!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.Now the 3-hectare island is being sold for $3.5 million – and it doesn't include the island.The asking price includes a fu...
APRA moves to ease mortgage-lending criteria
The Australian Prudential Regulation Authority (APRA) is moving towards easing mortgage-lending criteria by scrapping the the 7% interest rate rule. APRA has proposed removing guidance to authorised deposit-taking institutions (ADIs) on assessing whether borrowers can afford their repayment obligations if their interest rate increased to at least 7%. Instead, APRA suggests that ADIs would be ...
Sunshine Coast - the right city at the right time in history
The Sunshine Coast (including Noosa) isn't like most Australian cities. It is a fusion, an invention, a coalition of at times disparate (I won't say warring) tribes, that have coalesced to form a single urban mass estimated in the middle of last year to contain 334,000 residents, the ninth-largest on the Australian continent.There is only one other Australian city even remotely like the Sunny C...
Rents Across Australia Rise Over The First Quarter Of 2019
The first CoreLogic Quarterly Rental Review for 2019, which tracks median rents and rental yields across Australia, shows that national weekly rents have risen by 1 per cent during the first three months of the year. “This seasonally strong first quarter has delivered the highest increase in weekly rents since the corresponding first quarter a year ago”, says Cameron Kusher, Resea...
Most Wealthiest Aussies Earn From Property
The entire fortune of the 250 wealthiest Aussies is $318.33 billion, with each member having an average of $1.27 billion, according to a study by The Australian. Property dominated the majority of wealth, with 68 of the richest people making money from the industry. "A lot of Australia's wealth is still in the hands of people in some old industries: manufacturing and mining, property," the Lis...
REIA's concerns about proposed negative gearing and capital gains tax changes
The Real Estate Institute of Australia (REIA) has reiterated its strong opposition to the Labor Party’s negative gearing and capital gains tax policy following the announcment that the 1 January 2020 would be the start date for their negative gearing and capital gains tax increases if they were to win the Federal election. “The REIA has always been concerned with th...
Coast’s rental market tightens
Demand for Sunshine Coast property continues to exceed supply when it comes to those looking to secure their own piece of paradise and it appears that demand is also flowing into the rental market, with the REIQ’s December quarter vacancy rate report showing a further tightening of properties available to rent. The report shows the Sunshine Coast SD (Sunshine Coast local government area ...
First National announces 2018 Award Winners
Sunshine Coast First National Real Estate offices were recognised for outstanding achievement at the General Excellence and Marketing Awards, held at Sofitel Brisbane Central last Saturday night. The awards recognised the best of First National’s QLD agents throughout 2018, with the top 10 individuals and offices now vying for a national GEM Award, which includes an expenses pa...
