Category: Far North Queensland

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House Approval Hiccup: Which State’s Behind the Eight Ball?

Australia's property market is showing a clear divergence, with new mortgage lending data highlighting significant state-by-state disparities. Nationally, loan approvals rose by a healthy 15% year-on-year in the March quarter, fueled by strong performances in NSW, Queensland, SA, and WA, according to Loan Market Group data. Investor lending surged in NSW and SA (up 32% and 50% respectively), while Queensland saw substantial owner-occupier growth, particularly in coastal regions. Median loan sizes also increased significantly in Queensland, WA and SA, indicating greater buyer competition.

However, Victoria is lagging behind, recording only a 3% increase in loan approvals. Melbourne is particularly affected, with investor lending in western suburbs plummeting 43%. Potential factors include affordability constraints, high stamp duty, policy uncertainty around rental regulations, and outwards migration to more affordable markets. While interest rate cuts are anticipated to stimulate demand, banking analysts highlight that the initial cuts haven't had the anticipated market impact. Mortgage brokers, facilitating over 75% of home loans, should closely monitor these regional trends and consider the impact on investment strategies.

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Oz Housing Credit: Two-Speed Growth & What It Means for You

Loan Market Group data highlights a "two-speed" Australian housing market, with significant implications for property professionals. While national loan approvals rose 15% YoY in Q1 2024, growth is uneven. NSW, Queensland, and SA are booming, driven largely by investors (up to 50% in SA), while Victoria lags significantly and Melbourne investor lending shrinks. Affordability is a key driver, pushing buyers to regional areas and impacting borrowing capacity in Sydney and Melbourne.

Median loan sizes are sharply up in QLD, WA, and SA. Regional hubs offer greater value, and brokers are vital in navigating this fragmented market. As the RBA rate-cutting cycle is expected to begin, which could further stimulate the market, the next growth phase should come from owner-occupiers chasing lifestyle and affordability. These trends underline the importance of local market knowledge for agents and the necessity to advise clients on emerging opportunities in affordable areas. The data encourages a focus on areas with strong investor or owner-occupier growth and understanding how local factors impact buying behaviour.

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Rental Affordability Crisis: Heat Map Reveals Australia’s Most Stressed Electorates

Anglicare Australia's latest Rental Affordability Snapshot paints a bleak picture for Australian renters and presents significant challenges for property professionals. With minimum wage earners priced out of 99.4% of rentals and those on JobSeeker or Youth Allowance facing even greater barriers, the report underscores the dire need for affordable housing solutions. Sydney dominates the list of least affordable electorates, with Kingsford Smith, Bradfield, Sydney, and Warringah all proving inaccessible for couples on the aged pension. Even families on minimum wage struggle, with limited options in these areas and others like Fadden (Gold Coast) and Cook (far north Queensland). This acute shortage of affordable rentals necessitates innovative strategies from property professionals, including exploring partnerships with community housing providers and advocating for policy changes. The report highlights the growing demand for social housing, with Anglicare calling for 640,000 new social homes nationwide. This demand presents an opportunity for property developers and investors to contribute to socially responsible projects. The report also aligns with growing concerns among younger Australians regarding housing affordability, emphasizing the urgency for the property sector to address this critical issue.

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Advance Australia’s Entry into Politics: Potential Impacts on Property

Right-wing group Advance is ramping up its pre-election campaign, targeting Anthony Albanese with a "weak, woke and sending us broke" message. Australian property professionals should note the group's significant financial backing, including matched donations and a $500,000 contribution from the Liberal party's Cormack Foundation. This well-funded campaign, coinciding with the federal budget and potential election start, will include full-page newspaper ads. While Advance initially focused on the Greens post-Voice referendum, their attention has shifted to Labor, potentially influencing public sentiment as the election nears. This increased political advertising spend may impact consumer confidence and warrants attention from property professionals monitoring market dynamics. Additionally, Climate 200 is using quotes from independent Jacqui Lambie in their advertising, highlighting the complex and evolving political landscape.

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Cordingley Trial Mistrial: What it Means for FNQ Property

The Cairns Supreme Court trial of Rajwinder Singh, accused of murdering Toyah Cordingley in 2018, has resulted in a hung jury. After four weeks of testimony from approximately 100 witnesses and three days of deliberation, the jury remained deadlocked. The prosecution presented a circumstantial case, alleging Singh fled Australia after the murder. Key evidence included a covert recording where Singh claimed to have witnessed the killing. The defence questioned the focus of the investigation and urged the jury to consider alternative scenarios. Singh has been remanded in custody, and a retrial date is expected to be set on March 26th. This unresolved outcome underscores the complex nature of such cases and the ongoing need for vigilance and community safety, a pertinent concern for all Australian property professionals.

Ex-Tropical Cyclone Alfred takes toll on supermarkets as shelves stripped bare far from impact zone
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Cyclone Alfred’s Aftermath: Supermarket Shortages Hit Far North Queensland

Ex-Tropical Cyclone Alfred's impact on Far North Queensland highlights critical vulnerabilities in supply chains, extending far beyond the regions directly hit. Supermarket shortages, driven by panic buying and logistical disruptions, expose the complexities of disaster recovery relevant to Australian property professionals.

The closure of key distribution centres and rail lines led to significant delivery delays, impacting both Coles and Woolworths, prompting retailers to seek alternative road transport solutions. For property professionals, this underscores the interdependence of infrastructure and supply chain resilience, especially in disaster-prone regions.

The cyclone substantially impacted agriculture, particularly in the Lockyer Valley, with farmers facing extensive crop damage and emotional distress. Expected delays in planting early winter crops could lead to potential price increases for consumers in the coming months. This situation emphasizes the vulnerability of the agricultural sector and its domino effect on the broader economy.

The article highlights the need for a holistic approach to disaster recovery, including addressing logistical bottlenecks, supporting agricultural producers, managing consumer behavior, and prioritising mental health. For property professionals, this calls for strategic investments in resilient infrastructure, diversified supply chains, and considering the social well-being of communities when planning and developing in these areas to mitigate the long-term consequences of similar events.

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Cyclone Alfred: Twisted Track Delays Landfall, Far North Braces

Despite Cyclone Alfred's delayed landfall, and while Southeast Queensland isn't directly impacted, this article emphasizes the critical, often overlooked, mental health consequences of cyclones, relevant for property professionals and residents across Australia. The emotional toll, as highlighted by UNSW anthropologist Dr. Heffernan, extends beyond immediate property damage, with individuals potentially experiencing prolonged distress, loneliness, fractured social networks, and "solastalgia" - a sense of loss connected to environmental damage following a disaster. Strong community connection is crucial for recovery, fostering open communication and shared support. The article underscores the importance of readily available mental health resources; especially for property owners, investors, and rental tenants. NSW government officials emphasize the normalcy of feeling stressed and anxious and promote utilisation of 24/7 available Mental Health Services such as Beyond Blue (1300 22 4636). This is critical for creating resilient environments and ensuring the well-being of communities affected by natural disasters, particularly for those grappling with property-related anxieties in the wake of such events.

What makes Tropical Cyclone Alfred different from the others
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Cyclone Alfred: What Sets This One Apart, Mate?

Cyclone Alfred presents unique challenges for Queensland and northern NSW property professionals due to its rare formation as one of three cyclones, its unusually slow and erratic movement, and its uncommon southerly track. This results in prolonged coastal impacts: extended rainfall, coastal erosion and increased storm surge threat. Property owners should immediately inspect properties for vulnerabilities, secure loose items, and review insurance coverage.

Key advice for property professionals includes acting swiftly to advise clients about preventative measures, and to be across relevant Queensland Government initiatives like the Queensland Reconstruction Authority and Get Ready Queensland. Furthermore, be familiar with community support offered by organisations such as GIVIT and Red Cross. Moreton Bay residents affected by the cyclone are now eligible for disaster relief funding including grants for essential household contents and structural repairs. APN urges property professionals to stay informed and support their communities during this challenging time.

Tully Queensland
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Unveiling Tully: The Heart of Australia’s Wet Tropics and Its Hidden Gems

Welcome to the Neighbourhood Nestled between the lush mountains of the Wet Tropics World Heritage Area and the breathtaking coast of Far North Queensland, Tully is a vibrant rural town bursting with personality. Known for its incredibly diverse ecosystem and rich agricultural land, this charming locality serves as a gateway to adventure and tranquillity alike....

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Swooping Season & Property: Managing Magpie Risks

Australian property professionals operating in tropical Queensland, particularly near the Daintree Rainforest, should be aware of cassowaries, an endangered and potentially dangerous bird. These large, flightless birds play a vital role in the rainforest ecosystem but can be aggressive, especially when fed by humans. Avoid feeding them and if encountered, remain calm, put your hands behind your back, and try to blend in with the surroundings. Do not run, as they are fast runners. Be mindful of reflective surfaces like dark cars and windows, which can agitate them. Understanding cassowary behaviour is crucial for both personal safety and conservation efforts in these areas.

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Unveiling Australia’s Hidden Gems: In-Depth Reviews of Coastal Resorts and Luxury Holiday Homes for Savvy Investors and Lifestyle Seekers

By APN National Perspective Disclaimer: This information is for general guidance only and not financial advice. Introduction: The Allure of Australia’s Coastline Australia’s coastline sprawls over 34,000 kilometres, dotted with serene beaches, lush national parks, and picturesque towns that provide a unique blend of relaxation and adventure. The phrase “hidden gem” often conjures images of...

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Securing Your Slice of Paradise: A Comprehensive Guide to Investing in Coastal Resorts and Holiday Homes in Australia

By APN National Perspective This information is for general guidance only and not financial advice. Imagine waking up to the sound of waves crashing against golden sands, the sun rising over the horizon illuminating your slice of paradise. For many Australians, owning a coastal retreat or investing in a holiday resort isn’t just a dream;...

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Where the Wild Things Are: Adventures in Regional Queensland

By APN National Perspective As we journey through 2025, the pulse of Australia’s economy beats strongly in the heart of its regions. For property professionals, understanding the dynamics of regional Queensland is not just beneficial—it’s essential. The great land beyond the urban sprawl holds hidden treasures, both in terms of lifestyle and investment prospects. But...

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Emerging Commercial Property Investment Trends in 2025: A Focus on Mareeba, Queensland

By: APN Local Analyst This information is for general guidance only and not financial advice. Introduction The commercial property landscape in Australia has seen significant transformations in recent years, shaped by evolving economic, social, and environmental factors. As we step into 2025, the town of Mareeba, Queensland, emerges as a focal point for new commercial...

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Kuranda Queensland Commercial Property Investment Trends 2025: Navigating Opportunities and Challenges in a Dynamic Market

By APN Local Analyst Introduction As we stride into 2025, the commercial property landscape in Kuranda, a picturesque village located within Far North Queensland, is evolving rapidly. With its unique blend of tourism and rural lifestyles, Kuranda presents a unique opportunity for property investors. This article delves into the current trends, emerging opportunities, and potential...

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Exploring Australia’s Rural Tourism: A Journey Through Scenic Homesteads, Vibrant Farming Communities, and Authentic Lifestyle Experiences

By APN National Perspective Australia is a land of breathtaking landscapes and diverse cultures, where every corner tells a story. For those yearning to escape the hustle and bustle of city life and dive into the serene embrace of rural living, Australia’s rural tourism offers a magnificent opportunity. From scenic homesteads nestled in lush foliage...

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Swimming Into Serenity: Exploring Australia’s Top Coastal Resorts and Holiday Homes for Investment and Leisure

By APN National Perspective Australia’s coast stretches over 34,000 kilometres, embracing a variety of stunning landscapes, vibrant ecosystems, and relaxed lifestyles. While many of us dream of dipping our toes in the azure waters of the Pacific or enjoying sunset strolls along pristine beaches, some also see the potential for investment. In this article, we...

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Discovering Mossman: A Hidden Gem of Queensland’s Daintree Region and Its Rich Cultural Tapestry

Welcome to the Neighborhood If you’re on the lookout for a friendly community nestled in one of Queensland’s most breathtaking landscapes, look no further than Mossman. Often overshadowed by its more famous neighbours, this quaint town is perched on the edge of the Daintree Rainforest, offering residents a unique blend of natural beauty and vibrant...

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Sustainable Features in Australia’s Best Coastal Resorts and Holiday Homes: Invest Smartly While Embracing Eco-Friendly Living

By APN National Perspective This information is for general guidance only and not financial advice. Introduction As we continue to navigate the complexities of climate change and environmental stewardship, the appeal of sustainable living has gained momentum particularly in the realm of coastal resorts and holiday homes. Australia, with its stunning landscapes and diverse ecosystems,...

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How Key National Indicators are Shaping the Future of Queensland’s Regional Property Market

I’m unable to retrieve external information or access databases. However, I can help you draught an article based on general trends and key national indicators influencing the Queensland regional property market. Below is an engaging article structured according to your instructions. HTML Output: <!DOCTYPE html> <html lang="en-AU"> <head> <meta charset="UTF-8"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>How...

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Maximising Rental Income: Essential Holiday Home Insurance Tips for Investors in Australia’s Tropical North and Coastal Getaways

By APN National Perspective Introduction Owning a holiday home in Australia’s Tropical North or along our stunning coastlines can be a dream come true. From the azure waters of the Great Barrier Reef to the lush landscapes of Far North Queensland, there’s not much that can beat the bliss of retreating to your own slice...

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Exploring Off-Grid Living: Investing in Sustainable Resorts and Holiday Homes Across Australia’s Breathtaking Landscapes

By APN National Perspective This information is for general guidance only and not financial advice. Introduction Imagine waking up to the gentle sounds of nature, sipping your morning coffee while gazing out over rolling hills, pristine beaches, or lush forests. This idyllic scene is more within reach than ever as off-grid living and sustainable resorts...

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Exploring Douglas, Queensland: A Hidden Gem of Natural Beauty and Local Culture

Nestled in the tropical embrace of Far North Queensland, Douglas is a hidden gem that seamlessly blends stunning natural beauty with warm local culture. Known for its rich biodiversity and lush surroundings, this family-friendly suburb is perfect for those looking to escape the hustle and bustle of city life while still enjoying access to essential...

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Unlocking Paradise: Your Ultimate Property Search Guide to Australia’s Best Resorts and Holiday Homes for Investment and Lifestyle Living

By: APN National Perspective This information is for general guidance only and not financial advice. Introduction In the heart of Australia lies a golden opportunity—an invitation to unlock the paradise of owning a resort or holiday home. Whether you’re looking for an investment that promises returns or a slice of heaven to retreat to, this...

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Navigating Mortgages for Dream Beachfront Homes: Investment Strategies and Lifestyle Tips for Holiday Resorts in Queensland and Beyond

Introduction Ah, the allure of the Australian coastline! From the golden sands of the Gold Coast to the serene shores of Far North Queensland, the dream of owning a beachfront home seems to spark a flicker of hope in many, promising both an enviable lifestyle and a robust investment opportunity. As we enter 2025, the...

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Unlocking Paradise: The Ultimate Guide to Resort Properties and Holiday Homes in Australia’s Most Sought-After Destinations for Investment and Lifestyle Bliss

By APN National Perspective Introduction: A Taste of Paradise Imagine waking up to the sound of waves gently lapping against the shore, the sun casting its golden rays on pristine beaches, or enjoying a cool breeze in the mountains with breathtaking views. In Australia, paradise isn’t just a dream—it’s a lifestyle embodied in resort properties...

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Unlocking the Secrets: How Key National Indicators are Transforming Queensland’s Regional Property Market

By APN National Perspective This information is for general guidance only and not financial advice. Introduction Queensland, often celebrated for its sun-drenched beaches and vibrant lifestyle, is undergoing a profound transformation in its regional property market. A confluence of key national indicators is driving change, creating waves of opportunity for property professionals and investors alike....

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