Michelle Hele, Property Editor of the Courier Mail reported on 2 January -
"BIS Shrapnel's senior project manager Angie Zigomanis said that while other states had seen a pick-up in 2010, Queensland's (housing) market was still very weak. The Queensland market collapsed a little later than other states, so it was natural it would take a little longer to bounce back."
He also said "I think the year will start off fairly subdued, but I think as 2011 wears on you will start to see first home buyer demand pick up again, probably in the second half of the year. We expect the interest rate environment to be a little more steady this year with only one or two more rises so people will start to gain a bit more confidence."
In the same issue of the Courier Mail it was reported that "St George, according to a major broker 'will accept rent as a form of savings for a home deposit if there is evidence of a minimum of 12 months continuous satisfactory rental hsitory'." More on this when St George issue their policy.
Citibank have been the first to send our rates and updates for the New Year and have said to stay tuned for their NEW promotions for 2011. I will let you know when the first promotion is announced.
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