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Latest insight into Queenslands gains and opportunities

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.

Explore Gold Coast House and Land packages here.

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:

  1. Innovation – foster innovation and entrepreneurial activity.
  2. Cultural – build a thriving cultural economy by growing our creative industries.
  3. Infrastructure – increase tourism infrastructure in areas such as dive, marine and eco-tourism; improve telecommunications infrastructure and links between business hubs; and to create a Central Business District.
  4. Competitive business – reduce regulation and red tape; and support new business, export and productivity.
  5. Workforce – increase study and training in the city in line with business needs; grow our skills base; increase employment options; and raise the city’s global profile as an education, knowledge and research destination.
  6. International – strengthen international partnerships; increase our export base; and attract inward investment.

Source: City of Gold Coast

The one missing element that would drive a Brisbane property price boom
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.

Mr Kusher said Brisbane’s future gains were absolutely hinged to jobs growth.

“I think that’s still the big drag on Brisbane,” Me Kusher said.

“We’ve been thinking for a number of years that Brisbane is the next market to take off, and certainly other have as well, but I think the big missing ingredient ultimately has been that strength in the jobs market,” he said. Source: Realestate.com.au

Queensland leads gains in financial comfort, but not all are winning

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