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Townsville investors take cap off to banking watchdog

Townsville Investors welcome APRA decision to lift cap on interest-only lending

Townsville investors relieved by APRA decision Townsville investors can feel some temporary relief from the Australian Prudential Regulatory Authority’s (APRA) decision to lift the cap on investor-only loans for residential properties offered by banks. Yesterday, APRA made their decision to lift it’s supervisory benchmark on interest-only lending amid a review that determined

North Queensland building approvals plummet

Idalia - Front aspect of 15 Edgewater Terrace sold by McGrath Estate Agents for $1Million

North Queensland building industry North Queensland building approvals have plummeted in the Townsville region as the head of Master Builders Queensland plead with the Labor State government to bring back the $20,000 First Home Buyers Grant Boost. Master Builders Deputy CEO, Paul Bidwell said; “Something had to be done about the worsening

Greenvale Land owners secure sale contracts with Australian-Singapore Military

Greenvale land owners secure contracts with Australia and Singapore Defence Forces

Greenvale land owners and the Department of Defence negotiating a deal for the site of the $2.2 billion Australia-Singapore Military Training Initiative (ASMTI), 220 kilometres North-west of Townsville, has reached a final agreement.

Townsville airline new “canary in the coal mine” for Queensland government

Townsville Travel - Airport

Townsville airline market Townsville’s airline market increased recently thanks to international visitor numbers and Tiger Airlines Melbourne service. The domestic and international markets over the medium term however, have been steadily declining. This is especially so in the aftermath of Tiger Airlines flights being cancelled from Melbourne, Jetstar flights from Bali and

Townsville residential property market 2018 review

Townsvile residential property

Townsville residential property Townsville's residential property market in December 2018 has not progressed much further than the market conditions at the beginning of the year. The market remains in recovery phase. What has been driving the optimism is mining and government investment in the North Queensland stadium and the Haughton River water pipeline

Townsville commercial property market unimpressive under $12.6 million deal

Townsville Commercial Property Report

Townsville commercial property Adani, the Singapore military training initiative, solar energy projects, increased activity in the resources sector, including new mines, have contributed to positive sentiment in the Townsville commercial property market. However, these highly anticipated projects have not resulted in any improvement in transaction volumes or price points in the industrial

Property Council challenges Palaszczuk government plan for economic growth

Adani coal mine Chairmen and Queensland Premier

Townsville real estate industry heads up The Townsville real estate industry knows too well the impact of slow growth as a major regional centre of Queensland over the past 10 years. Now the Property Council of Australia has raised the concerns of poor economic growth in the property industry more broadly in

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