Coolum Property | Real Estate News for Coolum, Australia

Construction work at record high

A RECORD $41.7 billion worth of construction work was completed in the three months to the end of June, buoyed by a surge in residential building.

Rent rises 'higher than inflation'

A SHORTAGE of new home construction is pushing rents up more than nine times the rate of inflation, a development lobby group says.

Leighton shares jump with profit

SHARES in Leighton Holdings Ltd jumped more than five per cent after Australia's largest construction company reported a 39 per cent rise in annual profit.

Nothing square about these pods

THINKING outside the box has created an innovative room-in-a-box concept set to revolutionise the building industry.

Housing worries weigh heavy

EIGHT out of ten Australians are worried about a lack of infrastructure and affordable housing given the growing and ageing population, new research shows.

Rates rises worry households

HALF of Australian households are worried interest rates will rise but only one in five expect their debt levels to increase in coming months.

Housing finance up 1.9% in May: ABS

THE number of home loans for owner occupied housing rose for the first time in eight months in May, official figures show.

RBA keeps interest rates unchanged

THE Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.5 per cent for a second consecutive month.

First home buyer affordability worsens

HOUSING affordability has worsened during the past year, with first-home buyers needing to save 10 per cent more for a deposit, a report shows.

Building approvals hits 7-month low

BUILDING approvals have slumped to a seven-month low in May as interest rate crimp demand for dwellings, economists say.