Being able to secure a home loan for Bulimba real estate is one of the first steps towards getting onto the property ladder – and it seems the market could currently be working in your favour.
Official data from the Australian Bureau of Statistics (ABS) shows housing finance approvals have increased once again across Queensland, making it the 20th month in a row a rise has been registered.
Throughout August, approvals were up 0.3 per cent in trend terms and increased 5 per cent compared to a year earlier, the ABS revealed.
State Treasurer Tim Nicholls noted: “It’s a particularly good result for Queensland because nationally there was a 0.2 per cent decline in approvals in August and a rise of just 1.2 per cent over the year in trend terms.”
He emphasised how house building is also particularly strong in the region, giving would-be buyers more choice when it comes to selecting a property.
ABS figures pointed to a 2.6 per cent rise in construction throughout August, leaving building levels up 13.2 per cent over the course of the past year.
This is particularly important as Queensland has been identified as one of the four pillars of the economy, so it suggests strength is returning to the region.
Like a first date, you only have about 5 seconds to make a good first impression. Also like dating, buying is a sensory experience. Looks, smells and sounds all matter. But let’s separate from the analogy now. It’s important before you put your property on the market that you give … Read more
BRISBANE’S MOST EXCLUSIVE PRESTIGE PROPERTY AUCTION EVENT On Saturday the 5th of December, at Brisbane’s amazing Calile Hotel, we are going to be holding a prestige property auction event. This will be the most exclusive auction event ever to be held in Brisbane! The event has already attracted national and … Read more