Queensland, including Brisbane, is on the cusp of a property boom fuelled by COVID-19, experts say.

17 Oct 2020

QUEENSLAND is on the cusp of a property boom that could lead prices to skyrocket by more than 20 per cent in some areas and last for years to come.

Fears of a real estate armageddon in the wake of the pandemic have been replaced with a surge in confidence in the Sunshine State’s housing market, driven by an exodus to lifestyle and affordability, infrastructure spending and cheap money.

From Cairns to Coolangatta, buyer demand is at an all-time high and suburb sale-price records have been smashed since COVID-19 took hold in March.

14 OCTOBER 2020

The RBA does not expect to be increasing the cash rate for at least three years, Dr Philip Lowe, the RBA governor advised today.

The governor advised the board had pivoted its view on the timing vis a vis its inflation and full employment settings.

Lowe advised the central bank will now be putting a greater weight on actual, not forecast, inflation.

"We do not expect to be increasing the cash rate for at least three years," he advised in a speech dubbed The recovery from a very uneven recession.

"Over recent months, our communication has stated that the Board will ‘not increase the cash rate target until progress is being made towards full employment and it is confident that inflation will be sustainably within the 2–3 per cent target band’.

"It might seem strange to some that we are even talking about the day that interest rates increase, given that it is a long way off. But expectations about future interest rates affect people's decisions and asset pricing, so we seek to be as transparent as we reasonably can.

New Maitland Hospital reaches the Top

August 2020

The NSW Government’s $470 million new Maitland Hospital has reached its highest point of construction, marking a major milestone for the project.

A number of local contractors have contributed significantly to this project, paving the way for the commencement of the fit out of the floors and bringing the departments in the new facility to life.

Almost 5000 new jobs are being created as a direct result of work on the project. This includes opportunities generated through the Maitland Connectivity Centre, run by Multiplex Constructions in partnership with the NSW Government.

New Maitland Hospital on schedule despite COVID-19 restrictions

May 10 2020

Delivering a major piece of the region's infrastructure on time is a tricky business at the best of times, but doing it under COVID-19 restrictions is another challenge altogether.

Yet despite the added complication, the New Maitland Hospital remains on schedule with the structure now well and truly climbing from the ground.

OCTOBER 2, 2020

The concept design for the new, seven-storey Acute Services Building for John Hunter and John Hunter’s Children’s hospitals has been unveiled, marking a milestone for the NSW Government’s $780 million health precinct.

Premier Gladys Berejiklian said the John Hunter Health and Innovation Precinct would drive significant economic growth in the Greater Newcastle region, generating jobs in construction and health.

“John Hunter hospital is one of the busiest hospitals in NSW and this investment will provide enhanced health facilities ensuring the region has a world-class hospital to cater to its growing population,” Ms Berejiklian said.

Darrell Giles October 2, 2020

Proposed Ipswich-Springfield public transport corridor

Ipswich Mayor Teresa Harding has welcomed a $1 million funding commitment towards the next stage of the options analysis for the Ipswich to Springfield public transport corridor by the Palaszczuk Government.

In a joint statement by local State Government members, Jennifer Howard (Ipswich), Jim Madden (Ipswich West), Lance McCallum (Bundamba) and Charis Mullen (Jordan) part-funding was committed to progress the proposed 25km public transport corridor between Ipswich and Springfield via the booming Ripley community.

“This is great news for all of Ipswich and is a significant step on the journey to securing a game-changing transport infrastructure project in South East Queensland for our booming high growth city.”