Townsville selling and leasing real estate professionals
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RBA cuts rates by .50 %
The Reserve Bank of Australia (RBA) has cut the official cash rate in its May board meeting today, following weaker than expected inflation data. The Board thought it was prudent to cut the official cash rate 50 basis points to 3.75 per cent, after headline inflation turned out to be significantly lower than the RBA’s [...]
Hyde Park set to lead property improvement
Townsville Bulletin published this article today following and interview we did yesterday. TOWNSVILLE’S property market has begun the slow upward march out of the price ditch with suburbs such as Hyde Park leading the charge. The inner city spot scored the highest quarterly median price boost of 17.9 per cent, according to RP Data, which [...]
What does the future hold for Townsville Land Sales with the end of the builders boost
The Townsville Bulletin has reported that whilst the building boost has certainly given the building industry a shot in the arm, the aftermath may be a slowing in building activity. Local land developers I spoke with in January said that whilst the boost was welcome. sales had been slower than expected, and this is not doubt due [...]
Mini Cyclone Hits Townsville
At approx 5.10am this morning a mini cyclone which become described as a tornado ripped through Vincent, Heatley and Aitkenvale in a very narrow band with very destructive winds. Residents say that the bulk of the damage appeared to be between Palmerston street and Mooney street and continued through to Ross River Road, Aiktenvale with some houses [...]
2012 is upon us – what does the year ahead promise for the Townsville property market ?
Another year gone – and prices continue to slip throughout the year in the Townsville real estate market. Does this mean another year of the same – or are their green shoots so to speak of a property market revival ? Well I am predicting normal market conditions – those which we have have seen [...]
Reserve Bank interest rate cut great for the Townsville real estate market.
RBA has today cut it’s cash rate by 0.25% a move sure to increase interest in the Townsville property market. With interest strong over the past few months, all be at subdued prices, it’s can only be seen as a positive move for property buyers. Real Estate business filed the following article on line [...]
The dream is still alive ………….. owning a home in Townsville
With recent articles predicting the Australian property market will crash resonating into buyers comments, it’s enlightening that others recognise the fundamentals as we do. We recently had the scenario where a house went under contract for $260000. The buyer was happy, until the original Bank he applied to finance could not give him and his [...]
D Day for stamp duty passes – surprise ! Still strong interest in Townsville Real Estate
Despite the predicted catastrophe Monday brings another day – and still solid enquiry. As did the day before yield great numbers through most open houses. It was easy to get up in the hype – increased fees bring buyers forward – but as mentioned recently it only effects a small number of buyers who KNOW they were going to be effected. There is no doubt some [...]
Stamp Duty changes to have little effect on Townsville Property Market
I will buck the trend here – the changes in Queensland stamp duty on the purchase of property will have no effect on Townsville Real Estate sales volumes. I will come out boldly and say interest rates, and bank lending policies will play a greater part in Townsville Property Values going forward than a shift to apply in increased [...]
Interest rates on hold
In welcome news for borrowers, the Reserve Bank has decided to keep rates on hold at 4.75 per cent. The move comes on the back of recent figures showing Australia’s housing market remains soft, and the number of jobs advertised has fallen. “This is great news for mortgage holders,” says Domain.com.au property expert Carolyn Boyd. [...]