Month: December 2022

The Reserve Bank of Australia has hiked the official cash rate for the eighth consecutive month, delivering yet another hip pocket hit just before Christmas.

At its December board meeting today, the RBA lifted rates by 25 basis points to 3.1% – its highest level since December 2012.

Most economists expected today’s move on the back of the latest inflation data, with the Consumer Price Index sitting at 6.9% in the 12 months to October – down only slightly from September’s quarterly figure of 7.3%.

“Inflation in Australia is too high,” RBA governor Philip Lowe said in a statement.

“Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role. Returning inflation to target

THE ultimate knock down, rebuild at a Cairns beach front location is on the market – but it comes with a hefty price tag.

The beach shack at 255 O’Shea Esplanade, Machans Beach, is on the street that time forgot, populated with older houses unlike some swanky northern beaches oceanfront strips.

The three bedroom shack built in 1940 has a $1,095,000 price tag.

It is on a 576sq m block and a major selling point is that the block has dual access to Marshall St at the back, and thus no rear neighbours.

MORE NEWS

The Cairns beach suburb where prices are challenging tourist hot spot

Executive home at Palm Cove with surprising design

Own your own rainforest at Kuranda retreat

News Corp Australia Network

A DESIGNER home in Brisbane’s north has broken the suburb record for Wilston after selling at auction on Saturday.

Fewer than 40 houses have sold in the tightly held inner-city suburb this year and none of the calibre of 68 Angliss St, which was built for two doctors seven years ago.

MORE QUEENSLAND PROPERTY NEWS

While Sydney father-of-four Andrew Sullivan was getting his kids ready for soccer 1000km away, REIQ 2022 Buyers Agent of the Year Melinda Jennison was standing in the rear entertaining area of the 730sq m Brisbane property with bidding paddle No.55, preparing to compete against six other bidders to buy the five-bedroom, tri-level home for her client.

“I wasn’t on the phone with her,” Mr Sullivan

CHRISTMAS will come early for one lucky punter with a luxury waterfront house, Tesla, and boat up for grabs for just $2.

The $3.3m prize home package on the Gold Coast in Queensland is Mater Foundation’s latest prize draw.

Dubbed the “guaranteed life changer”, the winner can live a mortgage-free lifestyle in the sleek three-bedroom furnished house on the waterfront at 16 Sovereign Lane, Coomera.

It features a deck with built-in barbecue and bar fridge, pool and pontoon.

Thrown in with the prize package is a state-of-the-art Tesla Model 3, a Sea Ray 250 SLX, two Yamaha jetskis, two Efoil surfboards, and a $1m cashable gold bullion.

Mater Lotteries director Matt Brinckley said the prize would be life-changing for