First home buyers trying to enter Australia’s red-hot property market are set to be offered some relief under a number of new initiatives announced in this year’s Federal Budget. Despite property prices rising at the fastest month-on-month rate in 33 years, Treasurer Josh Frydenberg told the parliament that “under the Coalition, home ownership will always…
City Council Backs Brisbane Olympic Bid
He was the sole voice of opposition to Brisbane City Council’s bid to host the Olympics but Greens councillor Jonathan Sri is adamant the negative impacts outweigh the positive. The council’s confidential meeting this week included briefings from president of the Australian Olympic Committee (AOC) John Coates and the president of the Paralympics Committee Jock…
New pontoon at Howard Smith Wharves to boost river tourism
Minister for Tourism Industry Development and Innovation and Minister for Sport The Honourable Stirling Hinchliffe The first of three new floating concrete pontoons to be built for the Howard Smith Wharves River Terminal Project has been completed and is open for business. Tourism Minister Stirling Hinchliffe said the Palaszczuk Government was delivering infrastructure to re-energize…
Gold Coast property: Massive shortfall of units as buying frenzy continues
The Gold Coast’s booming property industry is facing a dramatic shortage of available units, with a shock report revealing how far demand exceeds supply. THE Gold Coast will have no new apartments for sale in nine months if fresh stock does not come on the market. It is worse on the southern Gold Coast where…
Home Prices Surge at the High End of Capital City Markets
The latest home value index results from Corelogic showed the strongest monthly rate of growth in national dwellings since August 2003. A striking feature of the current upswing is the pace at which the “high” end of the market has risen in recent months. The high end of a market is measured by Corelogic in…
Westpac Forecasts 20pc House Price Gains
Westpac is forecasting 20 per cent gains in the housing market over the next two years. In a report released Monday, the banking institution’s chief economist Bill Evans said he was expecting dwelling prices to rise 10 per cent nationally in 2021, and said the pace would continue into 2022, off the back of strong economic…