February 2021 – Your New Property Builder Broker

February 9, 2021July 6, 2022News

Record Queensland building approvals

Lawnton New Build Dual Key Home. Dual Occupancy home

As Queensland New House Approvals continue to run at two-decade highs, up 55.6 per cent over the year. These have been spurred by the cheapest interest rates on record and multiple generous government incentives, applications for new detached houses rose at their fastest pace in almost 20 years—since April 2001—to reach their highest-ever monthly total of 13,785, according to seasonally adjusted figures from the Australian Bureau of Statistics. The slump in construction activity, which saw the AiGroup Performance of Construction index contract for 25 successive months, has rebounded since October to now be at a hit a 3.5-year high. The value of total building approved rose 4.9 per cent in December, while the value of non-residential building rose 10.1 per […]

February 3, 2021February 3, 2021News

interstate buyers head north in droves

Queensland property prices defy COVID-19 downturn as interstate buyers head north in droves House prices in Queensland are continuing their upward march, growing by an average of 0.6 per cent in Brisbane in November, taking annual growth to 3.2 per cent. Key points: Queensland is the number one destination for interstate migration, according to REIQ Demand for luxury beachfront property on the Gold Coast is “exploding” among Melbourne and Sydney buyers Cairns is seeing unprecedented demand for rental properties from people living interstate The latest monthly data released by CoreLogic showed prices grew in every capital city rising by 0.8 per cent nationally. CoreLogic’s Head of Research Tim Lawless said price growth in regional Australia was stronger than in the […]