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Qld FHBs eyeing off-the-plan purchases

An increasing number of first homebuyers in Queensland are buying off-the-plan homes, according to new data. Mortgage Choice’s annual first homebuyer survey reveals that 5.8 per cent of first homeowners chose to buy a property off the plan – up from just 2.4 per cent in 2012. “Interestingly, a further 16.5 per cent of first homebuyers bought a newl...
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Flood risk information for Toowoomba investors

Investors and developers looking to buy as well as owners who already have property in the Toowoomba region can now find out the flood risk for their properties with the launch of an online Flood Risk Information Portal. Toowoomba Regional Council’s Planning and Development Committee chair Chris Tait says the council has taken a holistic approach t...
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Draft of southeast Queensland regional plan released

The Queensland Government has today released the draft southeast Queensland (SEQ) regional plan Shaping SEQ, which represents one of the most significant planning policy frameworks in the state. SEQ is Australia’s third-largest capital city region by population and is home to approximately 3.4 million people, covers 22,900 square kilometres and has...
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Brisbane’s Cross River Rail flythrough

October 12, 2016 Posted by: Kieran Clair in Property Investment , Queensland For everyone who read our project profile in the August 2016 issue of API magazine about this major piece of infrastructure, here’s a handy video guide on the CRR route for you to ponder. About Kieran Clair Kieran...
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New laws force Meriton sell-off

Meriton founder, Harry Triguboff, says the decision to sell their strata management business is a response to law reform in New South Wales. “One of those reforms effectively shuts Meriton, and other developers, out of having any role in the strata-management of their properties until the buildings are 10 years old,” he says. The new strata-laws co...
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Investors chasing yields and growth head to Queensland

Low interest rates, a competitive Australian dollar and improved infrastructure are contributing to a strong start to the traditional spring selling market in southeast Queensland, according to real estate group Raine & Horne. “There are many factors aiding Queensland property markets this spring,” Raine & Horne Queensland general manager S...
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Jail and ban for property development scammer

  The Australian Securities and Investments Commission (ASIC) has permanently banned Steven Hill from engaging in credit activities and providing financial services. An ASIC investigation found that between January 2006 and February 2007, Hill, through Hill Stephens & Associates Pty Ltd and International Finance Consortium (Aust) Pty Ltd, induc...
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Don’t get caught out with risky renovations

Whether you’re renovating and flipping, renovating an investment property or refreshing your own home, it’s always satisfying to see your beautifully finished product. But Master Builders warns there’s serious potential for exposure to asbestos from DIY renovations, with Master Builders training and licensing manager Adam Profke describing asbestos...
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Financial group held to account over representative

  Following an investigation that commenced in January 2016, the Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking (EU) offered by My Adviser Pty Ltd. The ASIC investigation looked at the conduct of My Adviser, the holder of an Australian financial services licence, in relation to the supervision and mo...
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Business confidence slumps in Qld

Business confidence in the Queensland economy and building industry has slumped, with nearly 30 per cent of respondents in a recent Master Builders survey pessimistic for the future. The Master Builders Survey of Industry Conditions for the April-June quarter 2016 shows this negativity is in line with recent building approvals, which are holding st...
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Warning issued after dodgy builders caught out

A warning has been issued about using unlicensed building entities, after four companies were collectively fined more than $40,000 for unlicensed building work services and other offences in Queensland. The state’s building industry regulator, the Queensland Building and Construction Commission (QBCC) urged the public to only contract with licensed...
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186 Hits
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Former mortgage broker banned by ASIC

  The Australian Securities and Investments Commission (ASIC) has permanently banned Emma Feduniw, also known as Emma Khalil, of Brisbane, from the credit and financial services industries. The bans follow an ASIC investigation which led to Feduniw, a former mortgage broker with AHL Investments Pty Ltd (trading as Aussie), being convicted on June 3...
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Qld Gov’s Budget a ‘roll of the dice’

  The Queensland Government released its State Budget yesterday, with Treasurer Curtis Pitt saying that it sets out a clear economic plan for the state’s future focused on three priorities: job creating innovation; investment; and infrastructure. For the year 2016-17 the government has a $10.7 billion capital works program, which will support 31,00...
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Queensland outlook slumps

Confidence in the Queensland economy and building industry has halted, dropping into negative territory for the first time in more than three years. Master Builders Australia’s deputy executive director Paul Bidwell says the results of the latest survey of industry conditions for the March 2016 quarter exposed the easing of recent building approval...
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Queensland renovations hit historic high

Queenslanders are renovating in record numbers, up 13.2 per cent during the past year, according to Master Builders deputy executive director Paul Bidwell. In monetary terms, Brisbane renovators spent more than a billion dollars on improving their homes from 2014 to 2015; the Sunshine Coast paid $120 million; and Rockhampton $95.9 million. Bidwell ...
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Queensland’s home building pipeline

The Housing Industry Association (HIA) believes there’s plenty of work in the home building pipeline, despite signs of new work peaking. In the three months to January, HIA’s Queensland executive director Warwick Temby says new home building approvals in Queensland are down roughly 10 per cent compared with the same period the previous year. “Activ...
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Townsville property market rundown

The property market of Australia’s 13th largest city features amongst the top 40 per cent of all of Australia’s 550 local government authorities over the last 15 years. Simon Pressley BY SIMON PRESSLEY For a variety of reasons, the Townsville market has been subdued over the last few years but the current flat market should not be the smokescreen t...
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Leading lawyer slams Qld’s body corp laws

The current laws governing residential and commercial buildings in Queensland are overly onerous and out of step with lawmakers’ objectives, according to a leading litigation lawyer. The Queensland Government called for submissions regarding administrative and procedural issues arising from The Body Corporate and Community Management Act 1997 (Qld)...
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Report indicates mixed results for Qld property markets

January 30, 2016 The Urban Development Institute of Australia’s (UDIA) latest report shows property investors are shifting their focus away from regional centres and towards the southeast corner. The UDIA’s third Industry Insights Report analyses the state’s real estate industry across 15 regions. The UDIA says increased property choice and continu...
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Brisbane – small lot houses assessment changes

By JUSTIN ESLICK There have been some pretty critical development changes within the Brisbane City Council (BCC) area recently. For a number of weeks there have been rumours floating around about BCC making amendments to the way they assess small lot houses (SLH) and in particular the way they assess applications involving multiple small lot houses...
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