Buyers with “dollar signs in their eyes” driving QLD housing boom

Originally published on Real Estate PENT-UP demand, record low listings and double-digit price growth predictions are driving a desperate race to get into the Queensland market, as buyers with “dollar signs in their eyes” pay tens of thousands of dollars more to snag a home. Frustrated at the lack of stock, interstate competition and the…

Ten Lessons I Learned From Past Property Downturns That We Can Use In 2021

Originally published on Your Investment Property What’s ahead for our property markets in 2021? Clearly there will be continuing issues with Covid 19 affecting our local economy and the socio-political problems that plagued the world last year are unlikely to disappear. Yet most analysts and economists agree that our property markets should perform strongly in…

Aussies ‘compelled’ to invest in property or watch savings dwindle

Originally published on Smart Property Investment Money is cheaper than it’s ever been on the back of a favourable interest rate environment, compelling Aussies to shift away from other types of investment vehicles and into property investment. Non-traditional property investors are looking to pounce on the favourable interest rate environment and dabble their feet in…

Coles hires across southwest with 75 more jobs to fill

Originally published on The Courier Mail Coles has announced it has created new jobs at Springfield and across Brisbane’s southwest, with more vacancies still on offer. Coles has announced it has created 12 new jobs in Greater Springfield and 64 new jobs across Brisbane’s southwest suburbs, with another 75 positions still on offer. A Coles…

‘If Chinese buyers can buy, they will’ despite COVID19 delays

Originally published on The Courier Mail Foreign investors, especially Asian buyers, are still hungry for property in Queensland, despite coronavirus restrictions delaying transactions. Juwai-IQI, a Chinese global proptech group, shows Brisbane to be the third-most popular city in Australia for Chinese buyers, after Melbourne and top-ranking Sydney. Prior to the coronavirus outbreak the company, which…

Big 4 slammed by Frydenberg after new mortgage rate changes

Originally published on Smart Property Investment Commonwealth Treasurer Josh Frydenberg has criticised the big four banks for failing to pass the full 25 bps reduction to consumers following Tuesday’s cash rate cut, despite ANZ and Westpac announcing changes. Both Westpac and ANZ came out to explain that they would not be passing on the full…

Lenders cut interest rates as RBA announced new record low

Source: Smart Property Investment Many of the nation’s top lenders have already responded to the RBA’s move to lower the official cash rate.   Today’s decision to cut the official cash rate by the RBA down by 25 basis points to 1.25 per cent has been one that has been anticipated for a long time, with the…

NAB among several lenders to slash rates

Source: Mortgage Business The major bank has joined several lenders in cutting its mortgage rates in anticipation of a monetary policy adjustment. NAB, BOQ, BankSA, and Greater Bank are the latest lenders to drop their fixed mortgage rates following a move from ING earlier this week. NAB NAB has reduced its two-year standard owner-occupied P&I…

3 reasons to invest in Brisbane properties

Source: Smart Property Investment After watching from the sidelines as Sydney and Melbourne topped the property game, will Brisbane finally have its time in the sun? For years, the property market of Queensland capital has grown modestly as other major capital cities, particularly Sydney and Melbourne, saw spectacular rises in housing values in what was regarded…

Top property lecturer reveals his best lessons

Source: Smart Property Investments This property lecturer of over 10 years shares four constants every property investor should be aware of when building their portfolio. Peter Koulizos, lecturer at the University of South Australia and chairman of the Property Investment Professionals of Australia, who has been lecturing on property for over a decade, has identified three elements…