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…
Brisbane home prices at record high, gains to continue in 2020
Brisbane home values are at a new record high and continuing to climb, while price growth is starting to slow in Sydney and Melbourne, new figures reveal. CoreLogic’s national home value index rose 0.9 per cent in January, taking the annual growth rate to 4.1 per cent — the fastest in a twelve month period…
FHB’s to play a key role as foreign buyers remain subdued: NAB
The Australian housing market ended 2019 on a firm footing, with NAB’s Residential Property Index climbing to its highest level in nearly 6 years. NAB’s survey expectation is for price growth to accelerate in all states in 2020-2021, led by NSW and VIC. Property professionals also see price growth overtaking rents for the first time…
New velobridge planned at South Bank to complete bikeway project
The Queensland government has proposed a new connection in order to complete a 17km Veloway (V1) which runs adjacent to the Pacific Motorway. The dedicated bikeway would connect people riding bikes between Lower River Terrace, South Brisbane and Eight Mile Plains. Upgrades to the V1 are progressing in stages to remove multiple road crossings…
Work to Kick Off on $150m Sydney Opera House Upgrade
Work is soon to begin on a $150 million upgrade of the Sydney Opera House’s 2,500-seat concert hall, the largest project in the venue’s multi-million-dollar “decade of renewal” capital works program. The NSW government-funded refurbishment will take up to two years to complete, and is part of a 10-year capital works program totalling more than…
Maasra’s unique apartment offerings in Coorparoo opens doors to changing needs of families
Developers of Maasra Apartments Karam Group have modified a specific apartment to accommodate a purchaser’s unique access needs, demonstrating its commitment to ensuring people with care needs are given the opportunity to live in a luxury apartment in an integrated community. Karam Group’s modification of the three-bedroom apartment, purchased by Margaret Dower and her daughter…