Brisbane knocks out growth while other capitals go backwards

The Australian real estate price boom appears to be well and truly over, with new figures showing that only one capital city has been able to achieve a rise in home values as every other city takes a backwards step. Brisbane is the only Australian capital to come away from July with a rise in home values, with latest data showing every other major city has gone backwards. The month-to-date data, which will be updated tomorrow (Wednesday) found Brisbane’s index had just managed to keep its toes in positive territory (up 0.1 per cent over the month to July 30) at a time when other capitals were red-lining including Sydney (-0.6 per cent), Melbourne (-0.9 per cent), Adelaide (-0.1 per cent) and

LadyBird Charity Update

At LadyBird we proudly supported Alzheimer’s Queensland during the 2017-2018 Financial Year. We are excited to share an image of the LadyBird group presenting a donation cheque to a representative from Alzheimer’s Qld at our business offsite on the weekend. The donation was for an amazing total of $4,883 Alzheimer’s QLD has been working to challenge stereotypes and develop innovative programs that promote wellbeing and support independence in older age. Their mission is to work collectively with clients to maintain their dignity, remain socially and physically active, and deter premature placement in residential facilities. Keep an eye out for an annoucement regarding this year's chosen ch

Budget breakdown: implications for property buyers and sellers.

The 2017 Budget had a strong focus on housing supply and affordability. This year, housing took a back seat with no new, direct measures for first homebuyers or renters. However, some of the changes will likely have an indirect effect on both the residential and commercial sectors. Stable interest rates Homebuyers can take comfort from the fact that the Budget isn’t likely to put immediate pressure on interest rates. President of the Real Estate Institute of Australia Malcolm Gunning says: “This expected interest rate stability comes at a time when housing prices in some of our major cities are showing signs of easing, leading to improved affordability for first homebuyers. No change to neg

Herron Todd White Month in Review - July 2018

A Lazy $500,000 Long-term readers of Month In Review might like to cast their minds back over the past decade or so that Herron Todd White have been covering this annual topic and think how far their property markets have moved since then. There was a time when you would have been considered part of the elite if you had a lazy half a million dollars burning a hypothetical hole in your designer jeans pocket. Imagine what you could have acquired! One of the valuers tells the tale of his real estate agent father who would continuously ‘rue the day’ decades past when he decided not to buy a prime inner-city riverfront block in Brisbane for $250,000 (mind you – it was probably equivalent to

RBA Interest Rate Decision July 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth. Globally, inflation remains low, although it has increased in some economies and further increases are expected given the tight labour markets. One uncertainty regarding the global outlook stems from the direction of international trade policy in the United States. There have also been strains in a

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