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 List...
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 po...
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 and Noo...
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 paid trip...
RBA hold rates at record lows in March
The March meeting of the RBA has seen the cash rate remain on hold at 1.5 percent.It has now stayed at record lows for 28 consecutive meetings. The last time the rate changed was in August 2016. CoreLogic's head of research Tim Lawless says there is a growing possibility that rates could fall later this year. "The strong labour market report for January was likely a key factor in keep...
Maroochydore CBD's first $30M development approved
Foundation Place, a $30 million energy efficient office complex, has become the first development to be approved for SunCentral’s new Maroochydore City Centre. The eight-level project is being delivered by experienced locally-based developers Evans Long, with construction expected to be commence later this year, and is the first opportunity to secure retail and office space in the new...
Sunshine Coast Population forecast to grow to 385,000+ by 2026
The population of the Sunshine Coast is forecast to grow to over 385,000 people by 2026.It is anticipated that we will require a total of over 168,000 dwellings.The population, dwelling statistics and demographics of the Sunshine Coast between 2016 and 2026, is forecast below: • there will be an increase of approximately 83,300 persons, or over 8,300 people per year • the majority of population...
Sunshine Coast reports QLD's fastest growth
The fastest growing place in Queensland has seen median house prices in some suburbs spike 24 to 39 per cent in the past year, a massive turnaround for the area.The Sunshine Coast has beaten Brisbane and the Gold Coast to lead Queensland growth uprospects, the latest Hotspotting report has found, thanks to a massive $20 billion infrastructure pipeline of projects either completed, in ...
QLD real estate confidence at record high
A new report has found Queenslanders are the most well off of all Australians, thanks to their homes – with half of homeowners in the capital expecting properties to increase in value this year. The 15th Household Financial Comfort Report, released by ME Bank today (Thursday), found every second homeowner in the capital Brisbane (50 per cent) expected to see their property increase in value thi...
