Brisbane house prices could rise up to 20 per cent over the next three years, the largest increase in national house prices for the period, according to BIS Oxford Economics. 

Silverhall’s recommendation to invest in property in this location is once again supported by the development happening within the area with local, state and federal level support through large infrastructure funding for the NSW Central Coast.

Key highlights from the 2019-20 Budget include:

CENTRAL COAST

• $104.6 million to continue construction of the M1 Pacific Motorway widening between the Tuggerah and Doyalson interchanges, and the Kariong and Somersby interchanges (in partnership with the Federal Government);

• $60.5 million in 2019-20 (as part of a $200 million project) for Stage 1 of the Wyong Hospital Redevelopment;

• $33.9 million to continue construction of the Pacific Highway widening between Parsons Road and Ourimbah Street at Lisarow;

• $24.4 million in 2019-20 (as part of a $348 million project) for the completion of the Gosford Hospital Redevelopment;

The vision for a thoroughly modern community hub at Woongarrah.  JUNE 5, 2019

After years in the planning, the final vision for Warnervale Town Centre has been unveiled, and the concept has come together to create a self-contained community hub of affordable housing, parklands, retail, commercial and community facilities.

Brenton Waters May 31, 2019

Major companies such as Australia Post are choosing Ipswich, boosting the local economy.

If Springfield to Ipswich is to make the most of opportunities headed its way through massive population growth, the creation of local jobs will need to remain an equal priority. The State Government forecasts that by 2041 the total number of jobs will need to be at least 128,800. In 2018, the number of jobs was 76,917 with the health care and social assistance, retail trade and manufacturing sectors employing the most people.

Where will future jobs come from?
A range of factors such as increasing global connectedness, increasing resource depletion, increasing mobility of people and the workforce and changing technology mean the city’s employment opportunities are changing.

• A Liberal win in the Federal Election means no changes to Capital Gains Taxation or Negative Gearing. More importantly the unsureness or nervousness surrounding the proposed Labor changes have gone away.
• APRA Scraps 7% Loan Buffer – The largest impediment to adding to your property portfolio has been APRA’s requirement for banks to assess your ability to repay your loans using a rate of 7%. APRA have recognised this is no longer a valid position to take. Banks are now allowed to set their own minimum buffer. However, they still need to test if a borrower could service a loan assuming a rate 2.5% higher than the lending rate applied to the borrower. For most Silverhall clients, your current interest rates on your own homes and your investment properties will be between 3.90% to 4.25%. In my mind the most significant change to the existing restrictive lending criteria
• RBA signals Rate Cut - Reserve Bank of Australia governor Philip Lowe has given his clearest signal yet that interest rates will be cut next month (June 2019). Most banks and analysts have been predicting one or two rate cuts this year. However, such a forward looking statement by the governor is very positive. The market is also expecting the banks to pass on all or most of any RBA rate cut which means an immediate improvement in your borrowing capacity when you combine it with APRA’s elimination of its buffer

What do we think this means for property? We believe this will have a significant improvement in confidence, with the ability to borrow more for investment. And, a reduction in the amount of your interest payments. This will lead to a positive effect on demand for property with upward pressure selling prices.