House prices in Sunshine Coast, Gold Coast reach record heights: Domain House Price Report
An explosive year of growth has spurred property prices on the Sunshine Coast and Gold Coast to new record heights, with a wafer-thin slice of beachfront paradise now fetching millions.House prices surged in both cities in the December quarter, up 5.1 per cent on the Sunshine Coast and 4.4 per cent on the Gold Coast, the latest Domain House Price Report has revealed. Units rose 2.3 pe...
Why the banks will be more willing to lend you money this year
There has been a significant fall in deferred loan repayments according to APRA, yet another sign of economic recovery which boosts the ability of banks to extend lending.Last year many borrowers put their loan repayments in deep freeze because of the uncertainty fuelled by the 2020 coronavirus pandemic.Our banks offered homeowners and small businesses loan payment ‘holiday...
SaleFunder aims to get Aussies best possible sales price
A specialist lender has created an offering to help property sellers maximise their sale price, providing funding towards renovations and vendor marketing costs so sellers don’t need to outlay their own money upfront while preparing for a sale.SaleFunder enables those planning to sell their home or investment property access to up to $60,000 for renovations, repairs, landscaping, property...
Strongest regional Queensland market in six years
This is the strongest Regional Queensland market in the six years that Hotspotting has been conducting its quarterly surveys of sales activity and prices. The number of rising markets is the highest recorded, by a considerable margin, and property values are growing.We have identified 72 locations with rising sales activity, a remarkable result in the year of the pandemic. Locations across the ...
Australia’s largest greenfield CBD project secures a $2.5 billion commitment
Maroochydore City Centre’s shovel ready CBD redevelopment is set for acceleration under a new development agreement with one of Australia’s leading private property groups.The landmark agreement between Sunshine Coast Council, SunCentral Maroochydore Pty Ltd and Walker Corporation will see Walker Corporation invest $2.5 billion into the project.The CBD development will deliver about...
31 lenders offering home loan rates under 2 per cent
A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut.Already 17 of these lenders have advertised rates under 2 per cent, while a further 14 lenders will make their new rates available in the coming days. RateCity.com.au database analysis: • 41 lenders ...
Green cover becoming a major concern in some urban areas
Australia’s largest urban greening initiative has today revealed 67 per cent of suburbs and cities across the country will face significant challenges in growing and maintaining green cover in the future, as our cities grapple with a rising population and grey spaces expand with urban development.A new report "Where Will all the Trees Be?" by Greener Spaces Better Places investigates the ...
Australians are now upsizing not downsizing, CommSec reports
Photo by John O'Nolan on Unsplash Australia is building the biggest homes in the world once again.A new CommSec Home Size Trends report found that new houses built in Australia during the 2019/2020 financial year were on average 235.8 square metres, a 2.9% jump and the biggest increase in 11 years.Average apartment sizes have ballooned as well, up 6% to a decade high of 13...
Cash Rate Reduced by 0.15% to a record low of 0.10%
Statement by Philip Lowe, Governor: Monetary Policy DecisionAt its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic.With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, the recent economic data ha...
