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Superannuation out, property in

INDUSTRY identity Andrew Bell believes the Gold Coast property market is likely to benefit on a range of fronts as a result of the Federal Budget released by the Rudd Government this week. Mr Bell, CEO of the Ray White Surfers Paradise Group, said the first home buyer market would continue as one of the most active segments on the Gold Coast...

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Lend Lease join RNA in Ekka site revamp

THIS year's Ekka will be the end of an era with plans to start a $3 billion redevelopment of the site as soon as the August show wraps up. The Royal National Agricultural and Industrial Association has selected developer Lend Lease to help it deliver a reinvigorated showgrounds which will open up the 22ha site at Bowen Hills year round. While...

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Buildings boost as rates stay on hold

BUILDING approvals have increased for the second quarter in a row, buoying hopes of a modest recovery in the housing sector. The figures were released on the same day interest rates were kept on hold. Queensland figures for new home approvals were up 7 per cent in the March quarter compared with the previous three months but still about 2500...

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Rental squeeze unlikely to ease in inner Brisbane

INNER Brisbane rents are increasing at more than 10 per cent a year, with a downturn in new apartments expected to keep vacancies tight. DTZ Research has shown the biggest growth has been in one-bedroom units in the inner south and inner west suburbs of South Brisbane, West End and Indooroopilly, where rents have risen by up to 20 per...

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Residential housing market holds up despite economic gloom

THE housing market kept its head above water in the March quarter, as Australia was sinking into recession. Data released yesterday by two of the largest property research groups confirmed residential markets were stable nationally. Australian Property Monitors and RP Data were at odds as to whether house prices were up or down in Sydney and...

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