Yesterday's RBA decision to leave rates 'as is' marked 12 months of monetary policy at the historically low rate of 1.5%. While the board assesses future developments in the housing and labour markets, the question on all property investors lips is - where to invest?
Sydney and Melbourne have enjoyed enormous capital growth and as a result are suffering from a 2.7% rental yield (CoreLogic Hedonic Home Value Index, July 2017).
The Gold Coast is undergoing an exciting period of transformation. The City of Gold Coast is investing in almost $13 billion of major infrastructure projects in the lead up to the Commonwealth Games in 2018.
The City of Gold Coast Economic Development Strategy 2023 provides the framework for our long-term growth and prosperity.
The strategy reflects our commitment to ensuring the local economy continues to thrive in a changing environment.
There are six key themes for delivering the strategy:
Source: City of Gold Coast
Apart from employment opportunities, Brisbane had all the right fundamentals to be Australia’s next big property market, according to CoreLogic head of research, Cameron Kusher.
Queenslanders have had the country’s biggest gain in household financial comfort in the past six months, but not everyone is winning.
The latest ME House Financial Comfort report found that Queenslanders were feeling 4 per cent better about their household finances in the last six months.
“Queensland reported the greatest gains in household financial comfort over the past six months to June 2017, up 4 per cent to 5.42 points (out of a possible 10 points), reflecting significant increases with most drivers, notably ‘anticipated standard of living in retirement’ (up 11 per cent to 5.13),” the report said. Source: Realestate.com.au