Southeast Queensland housing markets deliver positive growth
17 Jul 19In the latest Queensland Market Monitor report, annual median house prices delivered positive growth in the southeast corner housing markets. Brisbane LGA reached a new record high price of $680,000, although growth was a muted at 1.5 per cent. “While annual growth in Brisbane is showing signs of slowing, there was strong growth in particular suburbs proving that discernin...
Sunshine Coast remains top market in the state
17 Jul 19 | Source: Terry Ryder Regional Queensland is becoming one of the nation’s most compelling markets.Rising numbers of locations have growth symptoms, both in terms of sales activity and price movements.Over 60% of Regional Queensland markets have median prices higher than a year ago, with apartment markets a standout. The Sunshine Coast remains the No.1 market in the ...
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. Senior Economist Kristina Clifton from CBA’s Global Markets Rese...
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 do...
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 includ...
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 furni...
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 pe...
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...
