COASTAL property was the one more prospective buyers wanted to check out than any other in Australia. Take a look why.
A GOLD Coast home was the one more prospective buyers wanted to check out than any other in Australia this week.
The house at 5 Midshipman Court, Paradise Waters is listed for sale for offers of more than $3.75 million. The five-bedroom home is described as a classic Hampton’s style home on an east facing waterfront site.
It was viewed on realestate.com.au more than any other listing in Australia this week.
It has five bedrooms, five bathrooms, and a breakfast room plus a formal dining room, formal living room and office.
The covered porch has a built-in barbecue and there is a courtyard, private dock, cinema and a swimming pool plus a covered barbecue area.
The home has two separate laundries and is listed through Jesse Wilcox of Lambert Willcox Estate Agents.
The second most viewed home on realestate.com.au in Queensland this week is also a coastal property at 6 Babbler Court, Burleigh Heads.
The five-bedroom home has an asking price of offers of more than $1,475,000. It is brand new home which has two bathrooms and two living areas.
There is an inground swimming pool and an outdoor entertainment area.
The home has French oak timber floors and a butlers pantry. It is listed through Mick Brace and Zach Hylton of Realty Blue Pty Ltd – Burleigh.
The third most viewed home in Queensland on realestte.com.au this week was at 26 Norwich St, Wavell Heights.
The six-bedroom contemporary home has ducted airconditioning throughout.
The main bedroom has carpets, ceiling fans, an ensuite and a study nook as well as a walk-in-robe.
On the downstairs level are open plan living and dining areas with timber floors. This area flows through from the kitchen to the outdoor area.
The home also has a media room.
It is listed by Tristan Rowland and David Simmons of Place Aspley.
The next most viewed property in Queensland has already gone under contract. The “fixer upper’’ at 102 Welbeck St, Alderley, was listed for offers of more than $539,000.
It has three bedrooms and was sold as a deceased estate. The listing for the 65 year old home described it as “dated, badly (and) overgrown ‘’.
It has polished timber floors, high ceilings, and views from all bedrooms.
It was listed through Peter Ellison of Professionals Priority – Ferny Hills.
Rounding out the top five most viewed homes in Queensland this week is another coastal property, this time the Sunshine Coast.
The house at 35 The Anchorage, Noosa Waters is already under contract.
It has four-bedroom and was scheduled for a February auction. The home is on 800 sqm of waterfront land.
There are vaulted high ceilings, travertine tile floors and a butlers pantry.
There are two main bedrooms one on the upper level the other on the lower level and both have water views.
It was listed by Petar Markanovic of One Agency – Noosa.
Originally published: www.news.com.au
Home in blue-chip street sells for $4.1 million
Queensland’s population hits 5 million people today
Queensland’s population has tipped the 5 million mark today, Premier Annastacia Palaszczuk has told State Parliament.
Ms Palaszczuk said several expectant families were on standby to welcome the state’s five-millionth resident.
“Somewhere today a brand new mum and dad will be eager to meet their new arrival,” she told the house.
“The whole family will want to know: is it a boy or is it a girl? And the doctor will say, ‘congratulations, it’s a Queenslander’.”
Ms Palaszczuk said the two main drivers of the increase were migration growth, particularly from New South Wales, and from 60,000 babies being born in the past year.
PHOTO: The state’s five-millionth resident was born today.(ABC North Queensland: Nathalie Fernbach)
“Overseas and interstate migration is up by 50,000 people in the past year, 19,000 came from interstate … more than 12,000, or 230 a week, move from New South Wales to Queensland,” she said.
ABS data also revealed the fastest and largest-growing area in Queensland in 2016-17 was Pimpama on the Gold Coast, which grew by 3,000 people.
Large growth also occurred in Jimboomba on Brisbane’s south side and in North Lakes — a suburb north of the city — which both increased by 2,100 people.
Coomera on the Gold Coast and Springfield Lakes in Ipswich also experienced large growth up 1,400 people.
The State Government’s population counter gives a “synthetic estimate” of the number of current Queenslanders, assuming a total population increase of one person every 6 minutes and 22 seconds.
Earlier this year the Australian Bureau of Statistics (ABS) said Queensland’s population was growing at 1.7 per cent and was projected to tick over to 5 million in May.
ABS data released in March also revealed Brisbane was one of the country’s fastest-growing cities and had increased by 48,000 in 2017, hitting 2.4 million people.
ABS demography director Anthony Grubb said the state’s population had “come a long way” in the last century.
“In 1901 the population was half a million; a tenth of what it is today… it took 37 years to hit the 1 million milestone in 1938 and another 36 years to reach 2 million in 1974,” he said.
But Mr Grubb said population growth “picked up the pace” after that, taking just 18 years to reach 3 million then only another 14 years to hit 4 million in 2006.
Queensland could be leading growth state in future
Population demographer Dr Elin Charles-Edwards said although Queensland is not currently the fastest growing state, it is possible it could top the leader board later down the track.
‘Not in the short-term, but Queensland is coming up off a relatively subdued growth so perhaps we might be entering an era of more rapid growth,” she said.
Dr Charles-Edwards said the challenges that generally come with increased population could be managed in Queensland.
“As long as we keep up and don’t take our eye off the ball we can continue to absorb quite high levels of growth… but really it’s keeping up with the infrastructure that’s the key challenge,” she said.
Dr Charles-Edwards said it was important to note some parts of the state, particularly in western Queensland, were experiencing population decline.
“While the south-east corner is growing and also many Indigenous communities are growing, other parts of the state are shrinking,” she said.
“Perhaps we could do more to encourage people to move outside the south-east corner.
“If we were able to work out some way to decentralise our population, growth a little bit further up into the northern regional centres, I think that would benefit the growth of south-east Queensland.”
APRA to end cap on property investor loan growth
APRA is removing the 10 per cent ‘speed limit’ on investor loan growth.
Photo: Louise Kennerley
The banking regulator is axing a 10 per cent speed limit on bank lending to property investors, saying the cap has served its purpose and improved credit standards.
With Sydney house prices falling and credit growth slowing, the Australian Prudential Regulation Authority on Thursday said it would remove the cap for bank boards that could prove they had been following its guidelines on prudent lending.
In late 2014, amid a surge in borrowing by property investors and rapid house price growth, APRA took the rare step of setting a 10 per cent limit on the annual growth in banks’ housing investor loan portfolios.
The measure has rocked the mortgage market in recent years, prompting banks to jack up interest rates for housing investors, and demand borrowers stump up bigger deposits.
But on Thursday, APRA chairman Wayne Byres said it was prepared to remove the measure because there had been an improvement in lending standards and a slowdown in credit growth.
“The temporary benchmark on investor loan growth has served its purpose. Lending growth has moderated, standards have been lifted and oversight has improved,” Mr Byres
Even so, the regulator will retain a separate 2017 policy that requires banks to limit their new interest-only lending to less than 30 per cent of all new home loan approvals.
APRA also said there was “more to do” in improving other aspects of banks’ lending, including how they assessed borrowers’ expenses, their existing debts, and the approval of loans that fell outside of banks’ formal lending policies.
APRA said it expected banks to introduce limits on the proportion of new lending that could be done at “very high” debt-to-income levels.
“In the current environment, APRA supervisors will continue to closely monitor any changes in lending standards,” Mr Byres said.
“The benchmark on interest-only lending will also continue to apply. APRA will consider the need for further changes to its approach as conditions evolve, in consultation with the other members of the Council of Financial Regulators.”
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