Tag Archives | brisbane floods

Ipswich Residents to Pay Flood Levy

IPSWICH residents will pay a 38 cents a week flood levy from July to help the council rebuild the city following the devastating January flood.

Mayor Paul Pisasale this morning handed down his council’s budget which included an average rate rise of 3.52 per cent, or 71 cents per week, for owner occupiers. About 1.88 per cent of that, or 38 cents a week, will go directly towards flood recovery, Cr Pisasale said. “Without the flood and the anticipated additional repair costs over and above that funded from state and federal fund, the general rates increase would have been 33 cents per week or 1.64 per cent,” he said. The floods cost Ipswich City Council about $120 million and Cr Pisasale said the extra 38 cents per week would help council borrow $28 million specifically for flood repair works.

The average residential general rate overall has increased by 4.9 per cent to $1053.04 or $1403.34 including levies and charges.

Source: Courier Mail, Sarah Vogler, June 27 2011.

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New Listings, Our Book & Open Houses

Click here to enjoy more interesting articles about Real Estate and look at our new listings and open houses for this weekend.

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Hope for Flood Victims

Premier Anna Bligh has this morning boosted payments to $150, 000 for people who lost their homes to Queensland’s summer of disasters. The $50, 000 increase was announced in State Parliament this morning, it came as the Premier unveiled plans to speed up the roll out of donated cash after public backlash.

“All of those who have already recieved those funds will have those funds topped up,” Ms Bligh said.

Ms Bligh said a new team of licensed builders would be deployed to help speed up assessments in high need areas.

The disaster fund committee will meet tomorrow and will consider ways to partner with non-government groups to help the “geniunely” needy.

Too read the whole article, click here.

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What Does the 2011 Floods Mean for Home Values and Rental Returns?

We all expect an impact on values of properties which have been flooded the question on everyone’s lips is how much will that impact be. Please find the link to a 5 page report from Propell Property Valuers. They give their predictions for home values, commercial property and rental returns.

“Property valuers report Queensland Floods 2011”

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