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...
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 ...
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 ...
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...
Proposed Planning Scheme Amendment
unshine Coast Council is proposing to change the zoning and local plan area boundaries for specific sites located at Bli Bli, Chevallum, Forest Glen, Landsborough and Yandina.Council is inviting feedback on the proposed amendment to the Sunshine Coast Planning Scheme 2014, relating to Additional South East Queensland Regional Plan (SEQRP) 2017 Sites and Other Zoning Matters.Th...
Government to lift lending restrictions
Something changed last week. And it’s going to underpin the rebound in our property markets in 2021.You’re probably very familiar with the term “responsible lending” these days – after all, the Royal Commission hammered home the point that banks weren’t being “responsible lenders” for most of 2019.Now, the government has done something of a b...
What does the federal budget mean for the Australian housing market?
Three major housing-related measures were highlighted in Treasurer Frydenberg’s budget address on the 6th of October: an extension of the First Home Loan Deposit Scheme (FHLDS), additional low-cost financing for affordable housing through NHFIC, and additional funding for the Indigenous Home Ownership Program. Other measures detailed in the budget papers included a proposed capi...
