Real Estate in Mission Beach
Real estate in Mission Beach, beachfront property and land for sale in Mission Beach, North Queensland, Australia. Invest in Mission Beach real estate now and make your dreams come true.
Friday, October 15, 2010
It's impressive!
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Spacious and stylish family home
For further infromation call Jeanene on 0437 324 339
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Beachfront Beauty
Contact Grahame Anderson on 0418 230 619
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Saturday, October 2, 2010
Interest Rates Rise Again
- Banks want to lift mortgage rates higher
- RBA rejects claim of margins being eroded
- Expected rate rise could be delayed by month
THE big banks are preparing to defy Reserve Bank of Australia and government warnings that they have no justification for lifting their mortgage rates by more than the official cash rate.
The RBA yesterday dismissed complaints by banks that their margins were being eroded by the increasing cost of raising funds on world markets. And Wayne Swan launched a ferocious attack on the integrity of the banks.
But analysts believe the banks are preparing to add a further 0.15 percentage points to their mortgage rates.
"We expect the Reserve Bank to raise rates by 25 basis points next Tuesday, with the banks likely to piggyback by adding 15 basis points of additional rises," UBS analyst Chris Williams said.
The expected clash with the banks comes as The Daily Telegraph reported that weaker than expected building approvals figures could result in the Reserve Bank postponing a rise in official interest rates until November.
Read more: http://www.news.com.au/money/interest-rates/bank-to-compound-rates-pain/story-e6frfmn0-1225932596415?area=money#ixzz119Vao51b
Tuesday, July 15, 2008
Government Handouts to Homebuyers
The generous stamp duty concession and bonuses to homebuyers recently announced by state governments could boost property prices across Australia by as much as 0.5%, according to a Westpac report.
"The latest round of state budgets included significant stimulus for Australia’s homebuyers in an effort to address the worsening housing affordability,” the report said. “In the past, fiscal initiatives targeting the demand side of housing markets have typically flowed through to higher prices for residential property."
The report noted that the original scheme rolled out in 2000 was priced in six months later, even though at that time the market was very soft.
"Our calculations suggest the fiscal boost for buyers purchasing median priced houses and eligible for maximum concessions (ie, in most cases requiring them to be first homebuyers) is 2.1% in Brisbane, 1.1% in Adelaide, 0.6% in Perth and 0.2% in Melbourne. As such, the total impact on the ABS’ national house price index is around 0.5%."
Westpac is expecting the boosts to come through in the third quarter. Despite this fillip, the bank warned that this shouldn’t be taken as a sign that the market is firming.
"Conditions are unlikely for a revival in 2008. While pent-up demand for dwellings is currently high and should preclude a severe downturn in Australia’s residential property market, we believe it’s not enough on its own to drive a sustained upturn. Instead, we expect housing to remain weak while mortgage interest rates are near 9.5%."
Wongaling Beach Real Estate
Kasmara located in Wongaling Beach, is Mission Beach’s latest private gated estate sitting on a slightly elevated beachfront position on prized Banfield Parade, and just a few footsteps to the tranquil waters of Wongaling Beach.
This fourteen lot real estate sub-division is unrivalled on a 3.6 acre beachfront location, sensitively designed to maximise the ocean views from twelve of the fourteen lots.
Currently under development and selling off the plan, these fully serviced Wongaling Beach property lots range in size from 600m2 to 1022m2 and are set around a substantial garden oasis, with a Balinese style pavilion overlooking the large ornamental lily pond. Extensive use of native vegetation throughout Kasmara will create a natural environment bringing an abundance of birds and butterflies.
Please visit the Kasmara, Wongaling Beach Real Estate website for more details.