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Banks crack down on high debt-to-income home loans as regulator APRA comes knocking
Two of Australia's biggest banks have moved to curb high-risk home lending, as the regulator revealed it has been warning some institutions to cut back on risky loans. This week, ANZ told mortgage brokers and its bankers that from June 6 it would no longer make loans to borrowers who would owe [...]
Is this Australia's first meat workers' choir?
Pacific Islanders working at a Brisbane abattoir are using singing to keep homesickness at bay. The 40-strong choir formed after Samoan and Solomon Islander workers at Australian Country Choice's Brisbane facility started meeting after work for singing sessions. After management heard about the [...]
Pivotal Homes staff terminated, customer set to lose $18k as construction company collapses
A Queensland family has lost their $18,000 deposit while staff were terminated immediately, with no warning of the company’s impending collapse. A Queensland family has been left reeling after learning that their $18,177 home deposit is in jeopardy because the building company has gone bust [...]
Cross River Rail's Merle tunnel welcomes walking tour group before track is laid
More than 100 Queenslanders have left their mark on the Cross River Rail tunnel during a "once-in-a-lifetime tour" before rail tracks for a multi-billion dollar project are laid. The northern portal entrance, next to the inner city bypass, was open for people to walk through on Sunday. Members [...]
How the economy could be holding housing 'hostage'
Westpac economists believe the future of the housing market will effectively become 'hostage' to wider economic outcomes. Housing sentiment is pointing to a decline in turnover throughout the first half of this year, showing a 'clearer' sign the housing market is slowing down, according to We [...]
Brisbane renters emerge as key force behind Greens’ election success
Neglecting renters was a key factor behind the major parties losing their hold on inner-city Brisbane, according to two of the city’s three successful Greens candidates. The cost of renting has risen at a faster rate in Brisbane than in other capitals, incoming Greens MP for Griffith Max [...]
Whose responsibility is mould in a rental home and how should a tenant deal with it?
What are renters' rights when health-threatening mould takes hold in the property they occupy? The landlord, right? Well, that depends. Relentless rain and high humidity in Australia's east have created the perfect conditions for mould to spread rapidly in dampened homes. [...]
Surge in Queensland rental demand pushes historic price highs
Demand pressures on south-east Queensland's rental market is pushing the cost of renting to historic highs, as the state experiences the strongest population growth in the country. Greater Brisbane has seen average weekly rents rise from around $395 a week in 2018 to $460 this year. On the Gol [...]
What's in store for South-East Queensland's popular property markets in 2022?
New reports from PRD gave some insights as to how Brisbane and the Gold Coast's property markets performed over the first half of 2022. Median house prices in Brisbane shot up by 28.2% from the March 2020 quarter to the March 2022 quarter, while the Gold Coast Metro saw prices increase 16.8% acc [...]