Queensland property price growth to ease in 2008
Queensland's residential property market may have finished 2007 on a high, but more modest growth is expected this year, according to the Real Estate Institute of Queensland (REIQ).
Interest rates to hit 10%, Sydney rents to jump 50%
Sydney investors are finally on the receiving end of some good news, with rents in the NSW capital set to rise by more than 50% in the next four years. Meanwhile, industry forecasters have tipped that interest rates are likely to go above 10% over the same period.
Refinancing through the roof
The recent back to back interest rate rises have prompted property owners to shop around for the best deal, with the number of borrowers refinancing growing by 6% between December 2007 and January this year, according to the latest data from the Australian Bureau of Statistics.
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