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Breaking: Reserve Bank jumps to record cash rate

Reserve Bank Interest decision The Reserve Bank Governor, Phillip Lowe has announced a change to the interest rate today to record levels. The RBA had decided to reduce the cash rate by a further .25 basis points to a record cash rate of .75 per percent. In it's press statement moments ago, the

Townsville home loan industry veteran; fixing loan rates not recommended

Townsville home loan market recommendations A veteran Townsville home loan industry insider has shed some unique insights into the home lending industry on the eve of another Reserve Bank (RBA) cash rate decision, with the industry predicting up to a further three interest rate cuts to boost the Australian economy. In the

Breaking: Townsville Yabulu Nickel Refinery reopening with $400 million injection

Yabulu nickel refinery reopening statement Townsville’s Yabulu Nickel Refinery has $400 million set aside for a reopening in 2020 providing 1000 jobs for North Queensland, Mr Clive Palmer has claimed in a formal statement today. Just over an hour ago, Mr Palmer called on the Queensland Premier Annastasia Palasczuk and State Opposition

Townsville tax payers no longer remote; Productivity Commission Report

Townsville tax payers connected like city residents North Queensland and Townsville tax payers are being targeted by the Productivity Commission in its draft report on Remote Area Tax Concessions and Payments, that the zonal tax concessions should be abolished. The Productivity Commissioner, Jonathon Coppel said businesses and individuals receiving tax concessions and

Townsville property market confidence flooded on national affordability crisis

Townsville property market in national context The Townsville property market has enjoyed better days when building approvals and existing dwelling transactions and median house prices were much higher than they are now. However, North Queensland’s peak marketing and political lobby organsation has said confidence is returning to the Townsville property market because

Townsville developers launch legal action against Townsville Council

Townsville developers court appeal Townsville developers are frustrated with the development application and approval decisions being made at the Townsville City Council, as three separate developers have reportedly launched legal action against the local authority. Juniper Property Holdings and Garbutt Developments lodged legal proceedings in an effort for the court to overturn

Australian Farmer Emergency – Letter to the Editor

Australian Farmer Emergency One wonders what has happened to Australian products when 500gm butter, Coles home brand $5.00 (made in New Zealand) and butter in Australian at $5.60 same red package, NZ can produce and export to Australia for less. Australian farmers who are paying for high prices for water and have

Townsville Marine Tourism development attracts $3.5 million State Government funding

Townsville Marine Tourism Precinct A world class Townsville Marine Tourism Precinct has been given State government funding of $3.5 million. Honeycombes Property Group, in a joint venture with SeaLink, has received the multi-million dollar contribution from the State Government to finalise the funding arrangements for the waterfront development on Ross Creek and

Townsville labour market gasping for employment demand

Townsville Glencorp copper refinery

Townsville labour market snapshot The Townsville labour market has shown signs that a recovery in economic activity is occurring in the wake of the Townsville and North-west Queensland floods earlier this year. With 3,000 homes and businesses impacted and thousands in livestock losses across the region, the recovery and reconstruction stimulus has

Property managers and Tenants alerted to tenancy changes

Property Managers and Tenants alerted to RTA changes Property managers and Tenants have been targeted by the Queensland Residential Tenancy Authority (RTA) with enhancements to its bond lodgement system to speed up processing times. The RTA is rolling out a suite of digital services and enhancements for tenants and property owners/managers to

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