GCPN News Updates

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CONSTRUCTION remained weak

News 158
Posted at 01 December, 2010

CONSTRUCTION remained weak in November, with new orders registering a further decline and activity falling across all the major sectors, a survey shows.......

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Interest Rates Go Up

News 157
Posted at 01 November, 2010

Reserve Bank of Australia [RBA] puts up rates by 25 basis points to 4.75% The Australian dollar surged in Asian trading Tuesday after the Reserve Bank of Australia [RBA] surprised the market by hiking its cash rate for the first time in six months.......

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Big Banks Greedy Move

News 156
Posted at 01 November, 2010

COMMONWEALTH Bank raised home-loan rates 20 basis points more than the RBA The first of the big four banks to raise interest rates by more than the Reserve Bank's official move today.......

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Rate rises weigh on house prices

News 155
Posted at 01 November, 2010

House prices have grown at their slowest pace since the global financial crisis, economists say house prices nationwide have grown at their slowest pace since the global financial crisis, following a series of rate rises early this year and ongoing fears ......

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Residential Property Outlook is Strong

News 154
Posted at 01 October, 2010

The outlook for Australian residential property is strong as signs emerge that home loan applications are on the rise, analysts say.......

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Confidence Returning

News 153
Posted at 01 October, 2010

If confidence in a market is enough to keep it buoyant, then the Gold Coast outlook is as sparkling as champagne.......

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Approval brings Coomera centre closer

News 152
Posted at 01 September, 2010

The development-starved tourism strip received a shot in the arm this week when the State Government gave its tick of approval to the Coomera Town Centre.......

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Spring may see investors warm to real estate

News 151
Posted at 01 September, 2010

Hopefully warmer weather will combine with other favourable conditions to fuel the appetites of potential property investors, according to Australia's largest independently owned mortgage broker.......

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Calls for Urgent Assistance Package

News 150
Posted at 01 August, 2010

The Gold Coast is slipping into the most dire economic condition in living memory, despite other cities in Australia showing signs of rampant recovery.......

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Building Approvals Hits 7-Month Low

News 149
Posted at 01 July, 2010

BUILDING approvals have slumped to a seven-month low in May as interest rate crimp demand for dwellings, economists say. Australian building approvals fell 6.......

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