Posts Tagged ‘Sunshine Coast’
Sunshine Coast family faces deportation
Posted in Immigration News, tagged 2007, a state-sponsored business-owner visa, appeal, application, Aussies, Australian dream: running, barb wire-fenced home, bleak one, Buderim, Buderim Mountain Primary School, building, business, business-owner visa, children, Christmas Day, commonsense, community, criminal, criteria, deportation, desperation, discretion, eyes wide, failed, family, federal government, Fighting tears, four fiscal years, fugitive, grocery store, guard dogs, Immigration officials, immigration spokeswoman, Klues, leave Australia, living, living that dream, lodge, Middy’s, migrating, minimum-assets, money-lending businesses, moving to Australian, nightmare., own business, own house, pleaded, Premier, prevail., prove, rejected, required, requirement., security cameras, South Africa, state officials, state-sponsored business-owner visa, streets, sufficiently, Sunshine Coast, talking, temporary visa, to immigration officials, two-week bridging visas, unsafe, visa, visa’s on October 10, 2009| Leave a Comment »
House prices tipped to lift by 2012
Posted in Local News, Realestate and Home Loans, tagged 2009 to 2012, 2009/10, 22 per cent, action, Adelaide, Angie Zigomanis, Australia, author, BIS Shrapnel, BIS Shrapnel's Residential Property Prospects, brisbane, Cairns, Canberra, confidence, current economic, demand, Economic, estimated, evident, federal government's, first home buyers, first home owner boost, first-home buyer, forecaster, forecasts, Gold Coast, government's boost scheme, growth, Hobart, house price, house prices, housing shortages, interest, investors, Local News, low, low interest rates, lower-priced, malaise, market, markets, median price, Melbourne, migrants, migrating australia, migration of residents, Newcastle, occurring, perth, predicted to climb, property, rates, Real Estate and Home Loans, recover, recovery, report, residential property prices, ripe, rise, scheme, senior project manager, slowly, solid growth in rents, stage, state capitals, strongest price growth, study, suburb, Sunshine Coast, surge, sustained recovery, Sydney, three years, Townsville, WA, Wollongong on June 14, 2009| 1 Comment »
HOUSE prices could rise by as much as 22 per cent during the next three years, an economic forecaster says.
”The conditions are ripe for a sustained recovery in residential property prices,” according to BIS Shrapnel’s Residential Property Prospects, 2009 to 2012, report.
”Low interest rates, solid growth in rents and housing shortages are evident in most markets.
”However, the current economic malaise will mean confidence will only recover slowly during 2009/10.”
BIS Shrapnel senior project manager and study author Angie Zigomanis said that, at this stage, all of the action was occurring at the lower-priced end of the market.
This is due to a surge in first-home buyer demand as a result of the federal government’s first home owner boost scheme and low interest rates, he said.
BIS Shrapnel forecasts there will be 180,000 first-home buyers in 2009.
Although first-home buyer demand was expected to ease after the expiry of the government’s boost scheme at the end of 2009, upgraders and investors were expected to take the baton, Mr Zigomanis said.
”We expect rising confidence in the prospects for an economic recovery in 2010, so investors are likely to return in greater numbers, attracted by increased rental returns and low interest rates.”
Among the state capitals, Sydney, Melbourne and Adelaide will show the strongest price growth over the next three years, at 19 per cent.
More moderate growth is expected in Brisbane, Hobart, and Canberra, while price growth in Perth and Darwin is expected to be weak as the local economies of these cities are impacted by a decline in investment spending in the resources sector.
BIS Shrapnel estimates Sydney’s median house price at June 2009 to be $530,000, and predicts it will rise by mid-2012 to $630,000. Melbourne’s current median house price is estimated at $425,000, rising to $507,000 by June 2012.
In Adelaide, the median price is estimated at $360,000 and predicted to climb to $430,000 over the three years.
Among other cities around Australia, Newcastle and Wollongong are expected to benefit from the migration of residents from Sydney over the coming years.
The median house price in Newcastle is expected to soar 22 per cent over the three years, while Wollongong is forecast to see growth of 20 per cent in the same period.
In Brisbane, the average house is estimated to cost $391,000 now and is expected to cost $455,000 by mid-2012, an increase of 16 per cent.
Hobart’s median house price is estimated to be $335,000 and will rise by 15 per cent to $385,000 over the three year period.
An average house in Canberra is estimated to cost $440,000, increasing to $515,000 by 2012, a rise of 17 per cent.
In Perth, the estimated median house price is $425,000, expected to reach $475,000 in three years, up 12 per cent.
Darwin’s forecast median house price is $470,000, predicted to show an increase of 11 per cent over the three years.
For the Gold Coast, the Sunshine Coast and Cairns, BIS Shrapnel forecasts prices will increase by 14 per cent, while Townsville prices are expected to grow 13 per cent over the three years.
Source : www.news.com.au
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