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Credit card debt continues to plummet in lockdown

The latest Reserve Bank figures show lockdowns and the limited ability for a large portion of Australians to spend likely contributed to a reduction in the number and value of credit card purchases in August.
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Who is driving up demand for Sunshine Coast properties?

Domain.com.au has released an in-depth report into what is driving the increased demand in property in the Sunshine State.
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Plans filed for new Mooloolaba Hotel at the Brisbane Road Carpark Site

Toowoomba’s Wagner family is behind plans to build a new hotel in Mooloolaba next to an eight-storey car park.
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Investor Market Returns to South-East Queensland

Properties on the market are at record lows across the Sunshine and Gold coasts, and Brisbane stock is at its lowest since 2010, according to SQM data.
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Housing turnover reaches the highest level in nearly 12 years

The highest number of annual sales since 2004 occurred across Australia over the year ending August 2021, 42% more than the previous period. Turnover was the highest in Queensland, where 6.8% of properties transacted over this period, the state’s strongest turnover level since the 12-months ending June 2008.
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Guess what the median Australian house price was in 1976?

If we haven’t personally looked back on a property that, in retrospect, we could have bought for next to nix, then we know someone who does.
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Refinancing is at a record high, but why now?

The Australian Bureau of Statistics (ABS) released its lending indicators from July 2021 which revealed that refinancing reached a record-breaking high of $17.2 billion.
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Monetary Policy Decision Aug 2021

Source: Reserve Bank of Australia | Number 2021-14   At its meeting today, the Board decided to:   •  maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent   •  maintain the target of 10 basis points for the April 2024 Australian Government bondcontinue to pu...
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Highest annual rate of growth since 2004

Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index.The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months.The market is strong but losing steam, the 16.1% lift in national housing values over the past year is the fastest pace of annual growth since Fe...
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50,000 lots unlocked in SEQ to meet land demand

Source: Queensland Government  Almost 50,000 residential lots are being unlocked in South East Queensland since the 2020 State election, helping to cater for the region’s current and projected population surge.The lots have been made possible following the creation of the Growth Areas Team and thanks to more than $92 million in targeted funding from the Palaszczuk Government.Deputy ...

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