It doesn’t matter what our economic climate is like. The current market price of any property is the amount that someone is willing to pay and the vendor accepts the offer.
Sometimes as a vendor, you just have to discount your price to bring it to the market.
” THE prices of some Sunshine Coast properties have been slashed by a million dollars as owners look to shift homes that have been stewing on the market for up to four years.
A Sunshine Beach property that was on the market in 2008 for $2.6 million has been reduced to $1.595 million while a Cooroy property for sale for $3.15 million in 2009 has been discounted $1.155 million.
Read the rest of the story by clicking on the link below ”
The owners of this Buderim property are taking a massive hit to meet the market, they have just dropped the price by well over $100,000…
They want out and want out NOW, they will look at ALL OFFERS.
This is the bargain you have been looking for!! Call now to arrange a private showing..
Details of this Buderim Property that has been reduced by $100,000.
Major projects under construction such as the region’s public and private hospital and projects to be constructed like the airport will have a massive impact on the success of local businesses and the region.
” THE $400 million expansion of the Sunshine Coast Airport will be the subject of a panel discussion on Friday, August 31 looking at how the Coast economy can take off.
The luncheon will feature Sunshine Coast airport general manager Peter Pallot, Maroochydore MP Fiona Simpson, Sunshine Coast Business chair Sandy Zubrinich and mayor Mark Jamieson. ”
“It is vital that we understand the importance of these projects so that a positive sentiment can flow through the community. This is what generates confidence and gets us back on track as a region.”
“This is a great opportunity for the local business community and the broader public to be informed about the airport’s future.”
Share with your friends and keep them informed.
(Reuters) – Argument over whether Australian housing is in a bubble has dragged on for over a decade. A Google search on the subject draws 600,000 returns.
See a positive take on the Australian housing industry and real estate in the Reuters article below.
“Three years after the global financial crisis hammered prices in the United States and Britain, Australian home values are just 5 percent below their lifetime highs. Recently, prices have begun to tick up again thanks to lower interest rates and a sound banking system still able and willing to lend. Yet mortgage arrears are negligible, household debt has stabilized, savings are up sharply and unemployment is low, suggesting the housing market represents a modest threat to the economy. The head of the country’s central bank certainly wonders what all the fuss is about.”
It’s good to see the Yanks talking about how good our housing industry really is.
The recent delivery of infrastructure development in the central Sunshine Coast area has boosted confidence among buyers, particularly those of the baby boomer generation. See a report from REIQ showing how the Sunshine Coast is performing.
“THE median price of housing on the Sunshine Coast rose 0.9% to $434000 over the June quarter, according to new figures from the Real Estate Institute of Queensland.”
Share with your friends who may be interested in the latest local statistics for the Sunshine Coast Real Estate.
The State government and the local council seem to be a little confused about the planned developments in the Coolum area. Mr Palmer still needs to go through all the normal development processes as everyone else.
“MINING magnate Clive Palmer’s huge Sunshine Coast dreams were on the verge of turning into a nightmare yesterday after Deputy Premier Jeff Seeney said he had “severe doubts” about the ambitious $2.5 billion plans. “There are a number of projects that …”
Whatever happens will certainly be interesting and people will eith love it or hate it. What is your opinion on Clive’s “plans” and the Sunshine Coast Council’s reaction? This will certainly change the real estate environment on the Sunshine coast. Please share with your friends.
Beware of advertised rates from banks and financial institutions.
RateCity spokeswoman Michelle Hutchinson said first-home buyers were being targeted by marketing campaigns offering low advertised interest rates with these types of loans often ending up being an expensive option.
“BORROWERS are being warned not to be lured in by home loan deals offering significant interest rate discounts without understanding the full costs of the loan. Latest research from comparison website RateCity compared more than 340 home loans and found significant differences in the advertised rate and comparison rate.”
Be sure to check all the fine print and question the loan institution to ensure that no extra fees and charges will be applied to your loan.
Please share with your friends.
Industry sources estimate Stockland and Investa now control 80% of the future residential land stock inventory on the Sunshine Coast. The apparent delays in the land releases appears to be putting pressure on higher prices. So if you are a buyer of land, then don’t expect prices to go down.
“WHEN the former state Labor government announced its Affordable Housing Strategy in 2007 it said the role of bring-forward development areas would be to place supply pressure on demand to flatten prices. However the two planning ministers to oversee …”
Industry sources who spoke to the Daily said they feared the dominant hold Stockland and Investa had over the region’s future residential land inventory would allow them to artificially control prices by dribbling lots onto the market at significant impact to first-home buyers. That would be an outcome completely at odds with the stated intention of the previous government.
What do you think regarding all this land that is available on the Sunshine Coast. Please share with your friends on Facebook and leave your comments.
The Brightwater estate is that perfect area to move to. Brightwater showcases the best of the Sunshine Coast’s indoor and outdoor lifestyle and is just 3 kms from the beautiful Sunshine Coast beaches.
“Brightwater offers a beautiful waterside lifestyle in a vibrant community in the Sunshine Coast. Find out more about house and land packages for sale by …www.stockland.com.au/…/brightwater-living-at-brightwater.as…”
This presents an abundance of opportunities for local businesses and for those who invest in property to get in early and benefit from the future growth of the Kawana region.
Contact the preferred Real Estate agents for the Brightwater Estate.
Phone 1300 894 590
The Sunshine Coast is one of the best areas for property investors.
” A property sector survey has found the country’s top 10 buyers’ markets are in Queensland. RP Data researcher Cameron Kusher says the Gold Coast is among the worst areas for sellers.”
What do you think about investing on the Sunshine Coast?
Please comment and share with your friends.
An interesting read about Clive Palmer by Deborah Snow after a 2.5 hr lunch talk, sometimes hard to believe some of what was said.
“Like Gina Rinehart and Andrew Forrest, Clive Palmer can thank iron ore in Western Australia for some of his wealth, but he built his original fortune on Gold Coast real estate, amassing $40 million before he had reached the age of 30. Read more: ”
There’s lots of stuff in this article that I never knew about this man who seems to be gaining headline news on a daily basis.