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Cash Rate to stay on hold

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Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental properties

The Reserve Bank’s decision not to change interest rates is good news for the property industry, with further improvements likely in the housing market. This is a great time to be looking at property in Moreton.

After its first meeting for 2014 the RBA announced it Moreton Investor, Property Management, Investment properties, Real estate Moreton, Mortgage Broker Moreton, Moreton property market, Moreton property prices, rental propertieswould keep the cash rate on hold at 2.5 per cent.

LJ Hooker deputy chairman Janusz Hooker said this was positive news for the housing market.

He said strong house price growth along Australia’s east coast meant there had been little chance of a change in interest rates today.

“While inflation and unemployment will need to be monitored, the already historically low cash rate is continuing to have a positive impact on the market,” he said.

“Demand for housing has driven prices over summer – what was once traditionally one of the quietest periods for real estate.”

Mr Hooker said for their group in January unconditional sales were up 21 per cent on last year.

“Property is buoyant and it is now spreading to regional areas on the east coast but there are still some slow markets such as Tasmania.”

Loan Market director Mark De Martino said the decision to leave rates on hold since August last year, had given the home finance industry the stability to encourage buyers and sellers back to the market.

“Homeowners and buyers of this generation haven’t likely seen a period of interest rates this low for this long. It’s been a very unique time period,” he said.

Few in the property industry expected rates to change this month.

RP Data national research director Tim Lawless said the housing market would remain buoyant while rates remained low.

He said the latest housing market results showed that values were still rising across Australia and those improved conditions had provided a substantial flow on affect to the housing construction sector.

Developer confidence had also improved with dwelling approvals up for 2013 and a consistent rise in new home sales figures.

Mortgage Choice spokesman Jessica Darnbrough said there was evidence that both house prices and housing activity were responding well to the low interest rate environment.

“We expect the RBA to err on the side of caution and leave the cash rate untouched for the foreseeable future.”

 

Original article published at www.news.com.au by Michelle Hele,  News Limited Network 4/2/2014

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The best brand new developments in south-east Queensland

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The best brand new developments in south-east Queensland
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Property sales strong as Mango Hill house listed for $1.1 million

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Property sales strong as Mango Hill house listed for $1.1 million

North Lakes is one of the top three outer Brisbane areas where property prices are appealing to more homebuyers, new figures reveal.

It was one of seven suburbs within the greater Brisbane region where more than 400 houses were sold in the past 12 months, according to new figures from CoreLogic.

Caboolture leads the pack with 492 houses sold, with Morayfield close behind with 452 sales.

North Lakes recorded 436 house sales during the period and all seven suburbs had median house ­prices of less than $490,000.

Amanda Pearce from Raine & Horne North Lakes said the area’s attractiveness for families was one of the main reasons people wanted to move here.

“When I’m talking to my clients and asking them why they are looking to move to North Lakes, there is usually more than one reason,” she said.

“They have heard that North Lakes is not just a community but a family and they want their kids to grow up where they can go to school with the same friends.

“More than 60 per cent of the North Lakes population are families with children.”

Ms Pearce said some of her clients were either moving from interstate to get away from city life, or because the suburb had everything they wanted nearby.

She said more than 680 houses, units and lots had been sold since January 1 last year.

“The change in the median house price in 2017 in North Lakes was at plus 3.28 per cent compared to the Moreton Bay region, which was plus 2.73 per cent,” Ms Pearce said.

Raine & Horne’s Adam Ingram said shopping and transport facilities also added to the attractiveness of the North Lakes area.

Matt Goodall from NVRE Agents at Narangba has a house at Mango Hill listed for sale for offers of more than $1.1 million.

He said as far as he knew nothing had previously sold for the magic million-dollar mark at Mango Hill.

“It is the first of its kind at the moment,” he said.

Mr Goodall said the two-storey house was a standout in the street, as it was on a slightly elevated block.

“It has a unique design and certainly won’t suit everyone that comes through,” he said.

Originally Published: couriermail.com.au

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Property sales strong as Mango Hill house listed for $1.1 million

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Property sales strong as Mango Hill house listed for $1.1 million

North Lakes is one of the top three outer Brisbane areas where property prices are appealing to more homebuyers, new figures reveal.

It was one of seven suburbs within the greater Brisbane region where more than 400 houses were sold in the past 12 months, according to new figures from CoreLogic.

Caboolture leads the pack with 492 houses sold, with Morayfield close behind with 452 sales.

North Lakes recorded 436 house sales during the period and all seven suburbs had median house ­prices of less than $490,000.

Amanda Pearce from Raine & Horne North Lakes said the area’s attractiveness for families was one of the main reasons people wanted to move here.

“When I’m talking to my clients and asking them why they are looking to move to North Lakes, there is usually more than one reason,” she said.

“They have heard that North Lakes is not just a community but a family and they want their kids to grow up where they can go to school with the same friends.

“More than 60 per cent of the North Lakes population are families with children.”

Ms Pearce said some of her clients were either moving from interstate to get away from city life, or because the suburb had everything they wanted nearby.

She said more than 680 houses, units and lots had been sold since January 1 last year.

“The change in the median house price in 2017 in North Lakes was at plus 3.28 per cent compared to the Moreton Bay region, which was plus 2.73 per cent,” Ms Pearce said.

Raine & Horne’s Adam Ingram said shopping and transport facilities also added to the attractiveness of the North Lakes area.

Matt Goodall from NVRE Agents at Narangba has a house at Mango Hill listed for sale for offers of more than $1.1 million.

He said as far as he knew nothing had previously sold for the magic million-dollar mark at Mango Hill.

“It is the first of its kind at the moment,” he said.

Mr Goodall said the two-storey house was a standout in the street, as it was on a slightly elevated block.

“It has a unique design and certainly won’t suit everyone that comes through,” he said.

Originally Published: couriermail.com.au

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