Sunshine Coast Property Market: Fake news and the truth
There are always plenty of people willing to offer an opinion on the property market, and of course, there’s nothing like a sensational headline about impending doom to get people talking.Most recently, dire warnings about an imminent slump in the Sydney and Melbourne property sectors had a few people on edge. However, more discerning investors saw those claims for what they were, and to coin a...
RBA cuts rates to new record low to kickstart economy
Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-15At 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. The outlook for the global economy remains reasonable, although the d...
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 fully furnished 4 bedro...
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 doesn't include the island.The...
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, Research Analyst ...
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 the impact the policy wo...
