According to the much anticipated release of the ABS 2006 Census data, Queensland is still the nation’s fastest growing state. Queensland’s population is up 20.2 per cent on the 1996 Census count, with approximately 3.9 million people choosing to live in the Sunshine State. As a whole, Southeast Queensland recorded the greatest growth compared with other regions in Queensland, up 25.2 per cent since 1996. Other regions showed healthy growth with increases of 14.1 per cent in Central Eastern Queensland and 13.6 per cent in Northern Queensland.
Source: REIQ
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FEARS of Australia suffering fallout from the US mortgage upheaval have not deterred investors from north Queensland’s residential market. Figures from the latest Midwood Queensland Investment Report show a record 693 houses were approved for construction in Cairns in the six months to June this year.
In the same period last year 456 houses were approved. Midwood report author Bill Morris said the growth rate of approvals in Cairns was now equal to that of the Gold Coast. “Cairns has been going along like a powerhouse for the past couple of years, particularly on the North Shore and around Palm Cove and also Yorkeys Knob and Clifton Beach,” Mr Morris said.
Source: Courier Mail
THE salary gap between the capital cities has closed, with Brisbane’s average yearly salaries catching up to, and in some industries overtaking, Sydney and Melbourne. According to an annual salary survey by recruitment company Hays, the mining and resource boom in Queensland, coupled with a nationwide skills shortage, means the state’s employers have had to start raising salaries and introducing employer incentives to retain local employees and entice workers from other states.
No longer do Brisbane professionals have to give up their sun-soaked lifestyle in search of better money.
Source: The Courier Mail
The Gold Coast is set to become the fastest growing municipality in Australia, according to independent property analyst Michael Matusik. His research shows that Gold Coast city had the second highest population increase of any municipality in Australia between 2005 and 2006 only 416 behind Brisbane city’s increase of 13,979.
Matusik says the Gold Coast may now have passed Brisbane as having the largest increase in population growth of any municipality in Australia.
“The reality is that if it hasn’t occurred already, then it will probably occur this year,” says Matusik.
“Traditionally, the difference between Brisbane and Gold Coast population figures varies from between 4000 and 6000 people every year, but the Gold Coast now looks certain to overtake Brisbane.”
Source: Real Estate Investor
Over the twelve months to June quarter 2007, preliminary estimates show that established house prices in Australia rose 9.2%. Brisbane topped the capital cities with a 15.7% increase with Sydney at the bottom with just 3%. In the last quarter both Perth and Darwin fell in price.
Source: ABS
RENTS have risen at their highest rate in 18 years because investors have sold property assets to boost their superannuation, housing economists say.
And an interest rate rise next week would make buying a home even harder for those hit already with higher rent.Rents rose by 1.6 per cent in the three months to June to record their biggest quarterly jump since September 1989, the Australian Bureau of Statistics revealed in its consumer price index release last week.
Mr Dale predicted rents would climb at a faster pace in coming quarters, even though investors have lost their chance to make a $1 million post-tax super contribution, as building costs remained high.
Source: The Australian
Plans for an $80 million 16 story commercial development near Robina Town Centre are set to “take the business district to new heights”. “The Brisbane to Byron corridor is becoming one giant conurbation (metropolis) and Robina is bang in the middle of it – right on the highway with rail connection both ways.” Richard Wyatt RLC Chief executive.
Source: Gold Coast Sun
Queensland accounts for over a quarter of all new dwellings being built in Australia, according to recently released Australian Bureau of Statistics data. In June, Queensland’s 3,603 dwelling approvals accounted for 28.6 percent of total national dwelling approvals (12,610).
“Queensland is the only State to record an annual increase in housing approvals in June, while every other State recorded declines,” says Deputy Premier and Treasurer Anna Bligh.
“Trend dwelling approvals in Queensland increased at an annual rate of 10.7 percent in June 2007, while approvals in New South Wales, Victoria and Western Australia fell 9.9 percent, 9.1 percent and 9.1 percent respectively.”
Source: QBR
Queensland accounts for over a quarter of all new dwellings being built in Australia, according to recently released Australian Bureau of Statistics data. In June, Queensland’s 3,603 dwelling approvals accounted for 28.6 percent of total national dwelling approvals (12,610). “Queensland is the only State to record an annual increase in housing approvals in June, while every other State recorded declines,” says Deputy Premier and Treasurer Anna Bligh. “Trend dwelling approvals in Queensland increased at an annual rate of 10.7 percent in June 2007, while approvals in New South Wales, Victoria and Western Australia fell 9.9 percent, 9.1 percent and 9.1 percent respectively.”
Source: ABS
