The RBA has cut interest rates for the first time since August 2016, please see the below Press Release sourced from Reserve Bank of Australia. At 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…
First home buyers with 5 per cent deposit will have government backing to get it up to 20 percent deposit
First home buyers will get government support to get to a 20 per cent house deposit if either the coalition or the Labor Party wins the federal election. Prime Minister Scott Morrison announced the policy at the Liberal election campaign launch in Melbourne on Sunday, which was then matched by Bill Shorten. The First Home…
Paris Approves First Skyscraper in 46 Years
The Administrative Court of Paris has approved Paris’ first skyscraper since Montparnasse in 1973, set to be located in the city’s south. The Tour Triangle, a 41-storey triangular tower designed by Herzog & de Meuron, will be located in the Porte de Versailles neighbourhood, in Paris’ 15th arrondissement. The controversial project was first unveiled by…
Buyer Demand for Larger Apartments Prompts Developer to Redesign Plans Prior to Construction Start
The developer of Maasra Apartments in Coorparoo has lodged building plan changes prior to construction starting, increasing the numbers of three and four-bedroom units in response to buyer demand for larger apartments. Karam Group’s decision to redesign and add more the and four-bedroom apartments at Maasra Apartments won’t mean any visible changes to the building…
‘Crazy house prices’ causing southerners to flee to Queensland
Queensland’s economy is getting a boost thanks to people fleeing “crazy house prices” in southern states. Deloitte Access Economics’ latest quarterly Business Outlook report argues Queensland’s economy has improved off the back of more gas exports and more tourists. “[And] the lift in people power it is getting thanks to crazy house prices sending refugees from Sydney…
Why more families than ever are quitting Sydney and leaving for Brisbane
Sydneysiders are looking to buy property in southeast Queensland more than anywhere else in Australia, new data shows. Exclusive research from Domain into out-of-area inquiries made by people living in Sydney has revealed that, last year, more than 50 per cent were looking at buying property in Queensland. That’s up 5 per cent on 2017…
