Construction on the Neville Bonner Bridge, part of the $3.6 billion Queen’s Wharf casino development in Brisbane’s CBD, is now under way. The new $100 million pedestrian bridge, the first in 10 years, will link the new hotel development and CBD with the South Bank Parklands directly adjacent. The bridge, named in honour of Neville Bonner, the first Indigenous…
Development Cycle Returning to Undersupply: CBRE
Strong price growth has returned to Sydney and Melbourne and is expected to spread to more affordable Brisbane, according to CBRE research. While the devastating coronavirus outbreak has cast a shadow over the economy in the opening months of this year, CBRE’s 2020 market outlook report says Australia’s residential markets have, to date, started the…
Brisbane is next to boom, say investment experts
Brisbane has been in line as the next capital to boom for a long time but it could finally be the city’s time to shine, with predictions it will soon be leading the property growth charts. The River City is the hot favourite for investment, according to the latest Property Investment Professionals of Australia (PIPA)…
House Price Rebound Gives the Reserve Bank Pause
The Reserve Bank has decided to hold the cash rate steady at 0.75 per cent despite growing expectations of further rate cuts over coming months. The rate remained unchanged from the record low in October 2019, which was largely anticipated by market analysts. RBA governor Philip Lowe said the global economic outlook remained reasonable. “There…
Westpac loosens clamps on interest-only loans for investors
Westpac will allow property investors to take out interest-only loans with smaller deposits than it previously demanded, as the country’s biggest lender to landlords seeks to lift its mortgage growth. In the latest move by a bank to target the recovering property investor market, Westpac is raising the maximum loan-to-valuation ratio (LVR) for interest-only loans…
Property Investors Rise in Every State and Territory
Consecutive rate cuts combined with an easing in lending standards has seen a sharp rise in investor lending with every state and territory recording a lift in the value of investment loans. Victoria and Queensland recorded the largest rise for the three month period to August, where the value of investment home loan commitments increased by 19.1…
