With spring traditionally being a busy time for the real estate market, it was good news all round for home buyers with the Official cash rate being unchanged for the 13th month in a row!
Conditions in the global economy are continuing to improve. The Reserve Bank of Australia avoided temptation and decided not to follow other developed economies and increase their rate due to continued concerns around low wage growth and the impact of rising power prices.
The low level of interest rates is continuing to support the Australian economy.
To read the full media release click here
Plans have been approved for a new nine-storey apartment block in Redcliffe – but there are concerns over parking during construction. Moreton Bay City Councillors unanimously backed proposals, subject to conditions, for 92 new dwellings at 23-29 Alfred St, Woody Point. There will be two parking levels (one a basement) and seven … Read more
Much-loved The Rustic Olive Italian restaurant at Redcliffe will move from its home of 12 years in the coming months. Owner Sam Ayache, who opened the restaurant at its original Redcliffe location 17 years ago, says it will move a little further up on Redcliffe Pde to the former ERA … Read more