A SYDNEY builder is set to try his hand in the Gold Coast’s fickle property market with the launch of a low-rise Surfers Paradise development this weekend. MC Projects, the building arm of Vivid Progress, will launch Vivid development at Beach Parade today. The four-storey development is on a 1012sq m site on the corner [...]

Median house prices grew significantly over the June quarter, a new report has found. According to Mortgage Choice’s Real Estate Market Facts report, the median house price climbed 3.2 per cent to $533,243 last quarter. Mortgage Choice Senior corporate affairs manager Kristy Sheppard said the auction market had performed well, especially when compared with the [...]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010, but will probably ease back to about trend pace over the coming year. Growth in China is moderating to a more sustainable rate as policies are [...]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010. The expansion has been uneven, with the major advanced countries recording only moderate growth overall but growth in Asia and Latin America very strong. There are indications [...]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth in Asia and Latin America, to [...]

The economic slowdown has not stopped buyers from forking out $40 million since Easter on luxury apartments in the $700 million Hilton Hotel twin towers project under construction in the heart of Surfers Paradise. Since April purchasers have secured or placed deposits on 27 apartments including a mix of two and three-bedroom apartments worth an [...]

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. Since the Board last met, concerns about sovereign creditworthiness in several European countries have been a focus of financial markets. Investors have generally displayed a good deal more caution. As a result, equity prices have fallen and long-term [...]

Hilton Surfers Paradise (Gold Coast) – construction update… Construction has topped out on the roof of the Boulevard tower of the Hilton Surfers Paradise Hotel and Residences on the Gold Coast – reaching 32 levels and 186 residences. At the same time, work is moving forward on the second and tallest tower, Orchid Tower, which [...]

The highly-anticipated Gold Coast Rapid Transit project has taken a further step towards reality today with Premier Anna Bligh and Federal Transport Minister Anthony Albanese opening bids for $110 million worth of roadwork contracts. This is the largest package of early works contracts released so far, and will provide a shot in the arm for [...]

At its meeting today, the Reserve Bank decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010. Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain [...]