Home Buyers are walking away from the property market at a pace that threatens to further deflate property prices by at least 5%. The number of new home loans approved by Australian lenders has fallen by 5.6 per cent to a 10-year low in February, after a similarly sharp decline in January. We can not blame [...] [...more]
The latest figures from the Real Estate Institute of Queensland have confirmed the status of the Sunshine Coast and the Gold Coast as the worst performers in the state. The REIQ’s figures for the five years to March 2010 show that the Sunshine Coast has recorded the lowest growth in its median house [...] [...more]
Premier Anna Bligh has announced that the Regional First Home Owner Grant (RFHOG) will be available from 1 June 2010. Under the initiative, the federal government’s First Home Owners Grant will be boosted from $7,000 to $11,000 by the state government for first-time buyers in the state’s regional areas. Ms Bligh said that the [...] [...more]
Perth is the NO One city for least affordable homes Australia , BRISBANE is No Two, with nine out of 10 city dwellers paying over-the-top house prices. One in five Queenslanders on moderate incomes buy homes within their means but when it gets to Brisbane just 9.8 per cent of houses are affordable. This cost of [...] [...more]
THE Queensland Government has announced three brand new cities will be built in the state’s southeast from the ground up to take pressure off population growth. The Government’s powerful land development body will take control of three greenfield areas in the region’s west and southwest to quickly deliver new masterplanned communities [...] [...more]
