Coast market softer over the quarter
The Sunshine Coast market recorded softer conditions during the June quarter. However, solid price growth over the past year, meant that annual price growth remained some of the best in the State.The Sunshine Coast’s rental market is also recording more demand than supply with its residential rental vacancy rate down to 2.3 per cent over the June quarter.Rents are correspondingly ...
RBA to cut cash rate to 0.75% in October & to 0.50% in February
We are bringing forward the timing of our forecast for the next cut in the overnight cash rate by the RBA from November to October. By October, we expect that the path of the unemployment rate will be sufficiently contrary to the RBA’s plans that they will have appropriate justification to ease policy a little earlier than we had previously expected. We recognise that September is also l...
Southeast Queensland housing markets deliver positive growth
17 Jul 19In the latest Queensland Market Monitor report, annual median house prices delivered positive growth in the southeast corner housing markets. Brisbane LGA reached a new record high price of $680,000, although growth was a muted at 1.5 per cent. “While annual growth in Brisbane is showing signs of slowing, there was strong growth in particular suburbs proving that ...
Sunshine Coast remains top market in the state
17 Jul 19 | Source: Terry Ryder Regional Queensland is becoming one of the nation’s most compelling markets.Rising numbers of locations have growth symptoms, both in terms of sales activity and price movements.Over 60% of Regional Queensland markets have median prices higher than a year ago, with apartment markets a standout. The Sunshine Coast remains the No.1 mark...
Cash Rate Predicted To Drop To 0.75%
Economists with the Commonwealth Bank of Australia (CBA) forecast the Reserve Bank of Australia (RBA) to slash the cash rate to 0.75% following an earlier cut this month to 1.25%. The bank predicted cash rate to drop by 25 basis points in July rather than August, with another similar cut later in the year, most likely in November. Senior Economist Kristina Clifton from CBA’s Global Mark...
Sunshine Coast Property Market: Fake news and the truth
There are always plenty of people willing to offer an opinion on the property market, and of course, there’s nothing like a sensational headline about impending doom to get people talking.Most recently, dire warnings about an imminent slump in the Sydney and Melbourne property sectors had a few people on edge. However, more discerning investors saw those claims for what they were, and to ...
RBA cuts rates to new record low to kickstart economy
Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2019-15At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The Board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target. The outlook for the global economy remains reasonable, although the d...
Fancy owning your own island
Mon 27 May 19 | Source: Commercial Real Estate Victor Island in the Whitsundays is being sold with everything included!One of 74 islands in the Whitsundays, Victor Island is located two kilometres from the mainland, just south of Mackay, and has been extensively renovated by the current owners.Now the 3-hectare island is being sold for $3.5 million – and it does...
Fancy owning your own island?
Victor Island in the Whitsundays is being sold with everything included!One of 74 islands in the Whitsundays, Victor Island is located two kilometres from the mainland, just south of Mackay, and has been extensively renovated by the current owners.Now the 3-hectare island is being sold for $3.5 million – and it doesn't include the island.The asking price includes a fu...
