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Bright times on the Sunshine Coast




There were plenty of happy vendors come Christmas Day on the Sunshine Coast, with the December quarter rounding out a strong year of growth. In December buyers were found for a Noosa River home in Mossman Court, which sold for close to the $5.95 million asking price, and for 29 The Peninsula Noosa Waters, which sold for more than $4.7 million.

The momentum in the property market follows a great year for tourism on the Sunshine Coast. Data released by Tourism Noosa showed international tourist numbers in the region increased by 6.4 per cent in the 12 months to September 2016, with the dollars spent over the same period up 45 per cent.

The figures were even more bullish for Noosa, where agent Tom Offermann says occupancy rates at most resorts are running at 90 per cent a year.

“The economy is doing very well in all respects,” Offermann says. “We don’t have any more development land so that increases the pressure on existing stock and will push the prices up over the next year, so anyone looking to buy property is well advised to do so sooner rather than later.”

Highest recorded sale price in 2016 : $9.3 million, 11 Webb Road Sunshine Beach


1/56 David Low Way, Sunrise Beach QLD
$9 million
4 bedrooms, 5 bathrooms, 5 car spaces, pool

You’ll be hard-pressed to find fault with this show-stopping beachfront residence, the brainchild of Michael Broeren of M Design. Agent Nicole Tilling says the ocean views are the hero, and can be enjoyed from every angle, but the home itself is easy on the eyes, offering cutting-edge minimalism and a luxury fit-out.

There are three living zones and multiple outdoor decks at entry level and four bedrooms and four bathrooms upstairs. Tilling reports strong interest from Britain following the launch of an international campaign.

For sale
Features: Kitchen with integrated V-Zug and Sub-Zero appliances, solar-heated pool with 25-metre lap lane, smart home system, five-car garage with turntable, media room, home office.
Your Move Property 07 5448 2300, 0402 737 079


24 Mossman Court, Noosa Sound Photo:

24 Mossman Court, Noosa Sound QLD
$5 million +
5 bedrooms, 4 bathrooms, 3 car spaces, pool

Facing north over the river and presenting as new, this sophisticated waterfront home will hold equal appeal for holiday house buyers or those looking to make Noosa their new permanent address. “It’s very low maintenance,” agent David Connolly says.

“It’s designed to lock up and leave and can fit two families quite comfortably.” Catering to those who like to entertain, the property features expansive living spaces and a high-end kitchen, with bifold doors blurring the boundaries between inside and outside.

For sale by tender closing March 1
Century 21 Connolly Hay Group 07 5447 2451, 0438 259 956



6 Belmore Terrace, Sunshine Beach QLD
6 bedrooms, 5 bathrooms, 4 car spaces, pool

The Dragon House is an award-winning home designed by John Mainwaring of JMA Architects and claiming an 1100-square-metre beachfront block just around the corner from Sunshine Village.

A treat for all the senses, the home features large expanses of glass to capture the ocean views, Hinuera stone floors and raked ceilings supported by exposed timber beams. Agent Tom Offermann says recent comparable sales in Sunshine Beach include 11 Webb Road which set a new area record of $9.3 million in September.

Auction January 28
Tom Offerman Real Estate 07 5449 2500, 0412 711 888


12/34 Maloja Avenue, Caloundra QLD
$4.8 million
5 bedrooms, 4 bathrooms, 3 car spaces

One of just two, two-storey penthouses in the new Anchorage development, this fabulous apartment spans a massive 650 square metres and has views over Pumicestone Passage to Bribie Island and the ocean. It boasts a stone-topped kitchen with Gaggenau appliances, designer bathrooms, one with spa bath, and has a built-in barbecue and bar fridge on the huge balcony.There is  a smart home system and a wine cellar. There is also access to communal facilities, including a lap pool and private jetty.

For sale by negotiation
Billie’s Prestige Selection 07 5499 6966, 0400 777 939

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Market Place

Home in blue-chip street sells for $4.1 million



Home in blue-chip street sells for $4.1 million

Home in blue-chip street sells for $4.1 million
Home in blue-chip street sells for $4.1 million
Home in blue-chip street sells for $4.1 million
Home in blue-chip street sells for $4.1 million

Home in blue-chip street sells for $4.1 million


The canal-front home at 59 Witta Circle, Noosa Heads, sold on April 30 for $4.1 million through Tom Offerman Real Estate.


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Queensland’s population hits 5 million people today



Queensland's population hits 5 million people today
PHOTO: Is this Queensland’s 5 millionth person? Cordy Kerr-Kennedy was born yesterday in Townsville. (ABC News: Mark Jeffery)

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.

Queensland's population hits 5 million people today
 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.

 Queensland's population hits 5 million people today
PHOTO: The ABS estimated Queensland’s population was growing 1.7 per cent a year. (AAP: Dan Peled)

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.”


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Market Place

APRA to end cap on property investor loan growth



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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