Welcome to "Point Of View."

Hear you will learn about the latest building news and community events on the Sunshine Coast in sunny Queensland, Australia.

We are committed to providing you with the latest current events, that hopefully will provide you with the opportunity to make a valued decision on investing in property on the Sunshine Coast.

"Go West Young Man - Go West".

"Land and House Values are taking off in Outback Places
while Property Markets in the Big Cities have Softened".

Property Market in Outback Australia is Booming:

Date:

The Western NSW town of Cobar, for example, has experienced house price rises of up to 40 percent over the past 12 months thanks to the buoyant local copper, lead, zinc, silver and gold mining industries.

Investors are pouring their money into a market where A$70,000 homes can be rented for as much as $150 a week and $150,000 homes for $240 a week due to a shortage of rental properties.

"We're just running out of homes to sell," said David Russell, director of Landmark Russell real estate in Cobar.

Investors, mostly from Sydney, are also buying up large rural properties in the far west of NSW.

"In the far north of Queensland, there's been plenty of property activity
which has bucked the national decline in property prices last year ."

Median house prices in Cairns rose 28.9 percent in 2004 compared to 15.9 percent in 2003 and Property analyst's noted that the big increase in Cairns was due to investors from elsewhere in Australia and overseas. Out of town purchasers accounted for 42 percent of the Cairns residential property purchases in 2003-04, compared to the previous maximum of 20 percent during the last residential property boom in 1994.

In Townsville, median house prices in 2004 were up 24 percent from 16.8 percent in 2003 while Mackay saw house price growth of just over 35 percent - the highest growth in 2004 of any major centre in Queensland.

Outside investment has been a strong driver of many regional and provincial property markets in the present cycle, driven by the ever increasing popularity of residential property as a means of investment.

The real question is weather this exemplifies a permanent change in the way people will continue to invest in real estate in Australia, or weather it is simply a transient feature of the current investment market climate.

"Continuing talk of interest rate rises hasn't helped the property market nationwide but in Queensland and northern NSW it hasn't scared of developers."

In the booming Whitsunday region, US socialite Ivana Trump is the face behind a penthouse style apartment project at Airlie Beach and Two of the world's largest towers - Q1 and Soul - are being built on the Gold Coast with apartments starting at more than $1 million each.

Prime Gold Coast waterfront property is still fetching massive prices with a record $9.5 million paid last month for an allotment at the Sovereign Islands development overlooking South Stradbroke Island.

On the Tweed Coast in northern NSW, Jodhi Packer is heading a marketing campaign for the $350 million Cotton Beach development and Nutrimetics co-founder Bill Roche has launched a $1 billion development on the northern Gold Coast known as Calypso Bay.

Under the Queensland Government's Draft Management Plan for the State's South-East, Waterfront development is likely to be significantly restricted in the future.

The sea change phenomenon is continuing to drive demand for coastal property on the Eastern seaboard.

Escalating prices on the Gold Coast and Sunshine Coast are putting coastal property there out of the reach of most people.

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