Lenders now only have to assess capacity based on a rate 2.5% higher than their current interest rate (i.e. around 6%). What this means for buyers is that a couple on the average income can now borrow up to $100,000 more than if they were assessed a month ago, before this change was made.
The wins continue for South East Queensland, where the property market remains strong. Expert property analyst, Terry Ryder, says that regional Queensland is now a “national property market leader”.
With Queensland the number one destination for interstate migration, the demand for property is rising, buoyed by migration numbers.
According to an article by Urban Developer, ABS data identifies the Gold Coast as top of the list for migration destinations for populations across Australia. In a continuing trend, Australians are examining their need to remain living in capital cities and flocking to regional centres, with the Gold Coast coming up trumps thanks to, among a number of reasons, median house prices being 60 per cent lower than the cost of Sydney.
With Robina earmarked for a 126% population increase and jobs in the area set to double by 2050, it’s easy to understand why buyers are choosing Robina for their new Gold Coast home.
Surrounded by Gold Coast City’s top schools and universities, a thriving workforce, health and transport hub, millions of dollars of infrastructure including 17 hectares of greenspace within Gold Coast City Parklands and rich with amenities, including world-famous shopping and dining precinct, Robina Town Centre, this haven of growth is becoming highly sought after.
With a selection of built product and homes for sale off the plan, masterplanned community Vue Terrace Homes offers buyers the very best of Gold Coast City. A range of brand new, 3 bedroom townhouses with award-winning design and hand selected finishes plus access to world class resort-style facilities are proving a hit with buyers at Vue. With the first 3 stages all but sold out, a selection of homes remain for sale in the final stage, with the Vue sales team expecting the homes to sell quickly.
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