Tenants compete for rentals as Sunshine Coast vacancy rates tighten
Competition over rentals in some of Australia’s regional towns is so fierce that some tenants are offering to pay three months’ rent in advance to secure a property.Others are applying for rentals before they have even had a chance to look through them in person.Eleven regional areas across NSW, Victoria and Queensland recorded rental vacancy rates of less than 1 per cent in July, SQM Research ...
Regional Queensland Sparks Potential
Queensland's housing market was not left unscathed by the COVID-19 outbreak, but its southeast region could drive the recovery in the long-term, a report from CoreLogic shows.Before COVID-19 took its toll on the economy, several factors indicted growth across the state's dwelling markets, particularly in the South East Queensland (SEQ) region, according to the report.A factor was the moderation...
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 rates in the land, ...
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 and the closure ...
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 renovators would help...
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 avenues come...
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 between the Maroochy ...
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 now. Some of our s...
