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
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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 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 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 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
Townsville floods yields employment green shoots; regional economic snapshot
Townsville floods reconstruction welcome stimulus Six months after the devastating Townsville floods, the region's peak marketing body for North Queensland, Townsville Enterprise, has provided an update to its members on the outlook of the Northern Australia regional economy. In its quarterly economic snapshot, TEL reflects on the February 2019 Townsville floods which
Queensland real estate institute promoting “climate change” propaganda angers North
Queensland real estate institute angers North Queensland community Queensland Real Estate Institute (REIQ) has come under heavy fire from residents and ratepayers of North Queensland, and their own real estate members, for adopting reckless political propaganda from the State government. Pinning reputations with discredited research on climate change, where no evidence of
North Queensland property powerbroker launches stern critism of Palaszczuk government
North Queensland property identity holds no prisoners North Queensland property industry identity and outgoing North Queensland Cowboys Chairman, Lawrence Lancini has launch a bevy of criticism at the Palaszczuk Labor government over its handling of the regional Queensland economy. Consistent with the analytical assessment by this publication over the past decade, Mr