Double-digit regional unemployment rates: CommSec's Ryan Felsman
While Victoria and NSW have been hardest hit by the health crisis, Queensland’s job market has fared worst.The Sunshine State’s unemployment rate was the highest in Australia at 8.8 per cent in July – a 19-year high. And 144,500 jobs were lost between February and July as international and state border closures impacted tourism.Of the 20 regions with the highest unemployment r...
Is the Sunshine Coast property market approaching it's peak?
In a report released by Herron Todd White this month, "National Property Clock" which has tipped the Sunshine Coast as approaching the peak of the market.This is their commentary on the current Sunshine Coast market.In the early stages of 2020, we experienced the escalation of COVID-19, which in turn led to restrictions on social interaction and ultimately nationwide lockdowns a...
Applications open for the Queensland Home Builder Home Renovator Grant
Queenslanders can now officially apply for a $25,000 grant to build or renovate their home under the HomeBuilder initiative, as the state’s construction sector continues to play a key role in Queensland’s economic recovery from COVID-19.Treasurer and Minister for Infrastructure and Planning Cameron Dick said the range of financial incentives available for home builders and renovator...
Twin Waters West proposal rejected by Sunshine Coast Council
On Thursday 23 July, the Sunshine Coast Council voted on Stockland's revised proposal for a masterplanned community neighbouring Twin Waters, dubbed "Twin Waters West".There were 417 submissions received by the Council in response to the application, with 132 submissions expressing support, and 285 submissions against the development.Mayor Mark Jamieson was excluded from the deliberatio...
Should you add extra money to your mortgage or superannuation?
If the fallout from COVID-19 has taught us anything, it’s that future-proofing our financial security is imperative.Putting that into practice can be daunting though, and if we are fortunate enough to have some cash left in the bank at the end of each week, working out the best place for it can be confusing.Aside from letting it accumulate in a savings account, for most people, two avenue...
Stockland’s Turbulent Twin Waters West Fronts Council
A decision on Stockland’s controversial Sunshine Coast residential development will be made by council on Thursday.The development of Twin Waters West in the Maroochydore suburb of Pacific Paradise is more than a decade in the making and has sparked significant community interest.The first stages of Stockland’s plans for the 104 hectare site—alongside the Sunshine Motorway bet...
Sunshine Coast remains a standout market during COVID-19
The key message for property investors right now is that there are many growth markets across Australia.There’s a tendency in mainstream media to extrapolate the situations in Sydney and Melbourne to the whole nation. If the big cities are in decline, then Australian real estate is in decline, according to news media.This is seldom true – and it’s certainly not the case right ...
Can regional housing markets benefit from COVID-19?
An emerging narrative around regional dwelling markets is that they may see increased demand as a result of COVID-19. This is thought to be driven by the way the pandemic has forcibly introduced remote work for knowledge-based or clerical workers. As employers and employees adapt to remote working conditions, physical proximity to a workplace may become a less important factor in hom...
Extra 10,000 FHB loan guarantees released for First Home Deposit Scheme
From Wednesday, an additional 10,000 loan guarantees from the Morrison Government’s First Home Loan Deposit Scheme are now available for first home buyers over the next 12 months.The scheme has so far provided 10,000 guarantees to eligible first home buyers to allow them to purchase a modest home with a deposit of as little as five per cent.It can also be used in conjunction with the Morr...
