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The up side for us in South East Queensland is that the residential market has commenced 2007 at a strong pace, continuing the increased level of activity which was witnessed throughout the latter part of 2006 and it doesn't look like taking the back seat......
Letting agents are already reporting increased demand for rental accommodation on the back of the recent two half-percentage-point interest rate increases, which could see the market revert back to the traditional 10% year rental escalations sooner rather......
The Gold Coasts population now stands at 526,300 according to the latest Midwood Report and it is expected to surge past 600,000 by 2010. The Midwood Report predicts the median age of Gold Coasters to rise from 37 years to 44 years by 2026.......
Australia's housing affordability crisis is set to worsen if steps are taken to reduce the attractiveness of tax concessions on investment properties, according to property research consultancy Matusik Property Insights.......
Figures released today show that residential construction failed to grow at all in the September quarter. Low affordability stifled any hope of a sustained recovery for home building, according to the Housing Industry Association.......
The Reserve Bank's decision today to raise official interest rates for the third time in six months has been criticised by the Housing Industry Association, which claims it will only inflict more pain on Australia's housing industry.......
The Australian Bureau of Statistics [ABS] report show a lack of new housing and tight rental markets have put a floor under Australian house prices, according to the Housing Industry Association (HIA).......
The seasonally adjusted estimate of building work done rose 3.9% in the June quarter 2006, to $14,973.8m. Residential building rose 2.7% to $9,140.2m. Non-residential building rose 5.8% to $5,833.5m. Total construction work done rose 3.6% to $25,582.......
Property and funds management group Cromwell Corporation Limited plans to develop a new $400 million office and retail precinct in Bundall on the Gold Coast over the next five to seven years.......
The Reserve Bank of Australia [RBA] has raised the official interest rate by 0.25%, to 6% citing strong economic activity and the need to contain inflation.......