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Date Published : Monday, May 19, 2008
A report on Channel Nine's Sixty Minutes programme has been accused of presenting an overtly negative image of the Australian housing and mortgage market.
However, the image presented by the report failed to reflect that many areas are in fact thriving, experiencing record-breaking numbers of house and mortgage sales, according to the Sunshine Coast Daily Online.
The organisation states: "It is important to remember that current affairs programs do approach their subjects with an angle, and in this case it is quite clear that this story was ratings-driven and they were looking for maximum impact."
While conceding that the Australian housing market may be affected by the global credit crunch, the website asserts that there is not yet any evidence to indicate that the effects will be felt by homeowners or those looking to buy property, or to what extent.
It also points to many areas in which both housing and mortgage markets are doing well, including recent population increases on the Sunshine Coast and the shortage of housing in Queensland, both of which should ensure house prices remain high.
Additionally, it predicts: "The Sunshine Coast market should remain reasonably robust, as the natural beauty of this area will continue to attract new residents."
Australia's Sunshine Coast begins one hour north of Brisbane at Caloundra and continues to Fraser Island gateway Cooloola.
The coastline strech includes over 100 kilometres of beaches and include popular visitor destinations such as the Glass House Mountains, Blackhall Range, the Mary Valley and Noosa Hinterland.
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