BRISBANE’S dwelling price growth is expected more than double its pace to a high of 7 per cent. The projections came off the latest SQM Boom & Bust Report, released Thursday, “Brisbane’s property market will experience slightly stronger gains than those posted in 2017,” said SQM housing expert Louis Christopher, “with property prices forecast to rise between 3 per cent to 7 percent.” “The authorities were right to take action earlier this year to restrict investing lending by banks. Failure to have taken action would have resulted in out-of-control Sydney and Melbourne housing markets, where additional aggressive monetary policy may well have triggered a large fall in dwelling prices in 2018,” he said. 

Ref: Sophie Foster 19 OCT 2017: https://www.realestate.com.au/news/brisbane-housing-growth-rate-to-double-next-year-to-mirror-sydney/

Construction has begun on the site of the new Tuggerah Lakes Private Hospital. Delegates from hospital operator Healthe Care Australia joined local MPs and business leaders yesterday to turn the first sod on the $23 million project. The first stage of the project will see up to 60 construction workers on-site each day. The Hunter and Central Coast Joint Regional Planning Panel unanimously approved the hospital back in September.

By end-2016 a workforce of 1500 contractor staff will be working on infrastructure projects at the air base to accommodate and provide services for the rapid expansion of air power capability underway at RAAF Base Amberley.“Over the next four years the projects planned total is just on one billion dollars.” One of the first projects to commence will provide construction of facilities for the Australian Army’s 17th Construction Squadron’s move to Amberley next year, with its 200 soldiers. “Another major project is to provide facilities for the squadron of ten C-27J Spartan aircraft, replacing the Caribou aircraft, bringing around 300 RAAF personnel onto the base, requiring similar facilities to those for the eight C-17s with 36 Squadron,” Mr Clarke said.

Ref: QLD Lifestyle https://www.lifestyleqld.com.au/billion-dollar-expansion-at-raaf-amberley/

SOUTHEAST Queensland house prices are tipped to grow by up to 20 per cent in the next few years as Sydney and Melbourne's once sizzling property markets continue to lose steam, according to veteran real estate agent John McGrath. Speaking after the release of the group's annual residential market report, Mr McGrath told The Courier-Mail the state was only just over halfway through the current property cycle and stood to benet from the slowdown starting to grip the southern capitals.

We were a part of the Sydney growth story first in 2009 to 2014. Our research has moved us away from the Sydney market to other more affordable areas. The entry point in these markets is not only lower, but the capital growth expected is also better. The lack of affordable entry point in the Sydney market can be highlighted by one making one simple statement. According to Domain.com, in an article which they published on the 18^th of Oct. “Sydney has surpassed another affordability milestone. There are now no suburbs with a median house price under $500,000.”  We would like to highlight some other points they made in the article.