Sunshine State Enjoys Positive Outlook on Property

  • By Peter Gordon
  • 23 Feb, 2021

Results from ME Bank's  latest Quarterly Property Sentiment Report show life really is great in the Sunshine State.

Property consumer sentiment has been buoyed by increased property values and higher levels of market activity and Queenslanders have reported the highest levels of positivity in Australia at 56 per cent in metropolitan areas, and 58 per cent in the booming regions.

Investors and owner occupiers nationally are reportedly more positive than the October quarter, with low interest rates and government incentive schemes helping bolster property values and new builds.

Positive sentiment increased by 15 and 17 percentage points, respectively.

Corelogic’s data for January has highlighted the national uptick of home values, up 0.9 per cent over the past month.

Housing values have now surpassed pre-Covid levels by 1 per cent, and the index is 0.7 per cent higher than the previous September 2017 peak.

The quarterly sentiment report also showed a positive outlook for first home buyers with almost three-quarters of respondents confirming stimulus measures, including HomeBuilder and first-home incentives, had made buying or investing more appealing.

ME’s head of home loans and personal banking, Claudio Mazzarella, said the positive sentiment is a reflection of Australia’s resilient property market and strong incentives currently on the table for buyers.

“While there are still many challenges such as unemployment and job insecurity, it’s promising to see how sentiment and market activity have rebounded,” he said.

“We fully expect to see property investors back in full force this year. Sentiment within this group is bouncing back, with low interest rates make investing in property a more attractive option.”

The Federal Treasury estimated the HomeBuilder program was supporting about $18 billion worth of residential construction projects, with high take-up rates in Victoria, Queensland and New South Wales.

Article courtesy The Urban Developer 3/2/21

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By Peter Gordon April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

By Peter Gordon April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).


By Peter Gordon April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
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