Hi,
Here is some news from yourinvestmentpropertymag.com.au that you may be interested in reading.
http://www.yourinvestmentpropertymag.com.au/news/investors-awake-from-hibernation-in-qld-122252.aspx
Wednesday, February 29, 2012
Sunday, February 26, 2012
How Asking for Help Makes You Grow | The Change Blog
http://www.thechangeblog.com)">How Asking for Help Makes You Grow | The Change Blog |
How Asking for Help Makes You Grow Posted: 22 Feb 2012 04:30 AM PST
Imagine that you are a wolf and get into a fight. You know that you are on your own. You wouldn’t show your soft underbelly unless you were giving up and accepted defeat. You would allow the other wolf to decide your destiny – go for the throat or live and let live? Survival of the fittest. We live in a society where we more or less consciously are told that unless you take care of yourself, no one will – at least in the Western world. You’re on your own. This can be exhilarating. You have the power over your own future. But it also implies that unless you do it yourself, you didn’t deserve it. You cheated somehow. We have all seen the lone wolf (!) entrepreneur who single-handedly launches a successful company or two, fuelled by caffeine and applauded as a genius by us mortals. We’re almost conditioned not to ask for help. When you have a problem, asking for help sounds like an obvious solution. Yet we so often choose to struggle with our problems alone, sometimes even going so far as to isolate ourselves or pretend that everything is all right when that is far from the truth. It is not just about swallowing pride It takes guts to ask for help, but it is not just about swallowing your pride and sharing that you are a perfectly imperfect human being. It’s not just about solving a problem, either. Asking for help is about opening up and sharing. It deepens the relationships you have with other people. You build trust and form a stronger bond with the other person. As you show yourself vulnerable, you give them the chance to do the same. Chances are that they have faced a similar problem or dilemma and can relate deeply to what you say. As you get comfortable with your own vulnerability you grow as a person. This is something I understood as I started to learn how to ask for help. Fresh out of university with a masters degree, I didn’t go on to work for the big consultancies or accountancy firms like my classmates did. I moved from Sweden to London, England, did an internship and then started my own business. As a young woman in a new country and with English as my second language, I felt that I had a lot to prove. Even though I had experience of advising businesses, nothing could have prepared me for how different it would be to run your own. As a one-man band I had to juggle everything and quickly felt how completely dependent my business was on me. It was painful. I wish I had reached out to the other self-employed people around me at the time and asked them for help. I didn’t. Instead I foolishly set out to figure things out on my own. This went on until I realized two things. One, I wasn’t the only one who struggled. Two, it didn’t have to be like this. When I started to look for solutions for building a better business as a self-employed, I had learnt a lesson. I reached out to people. I asked for help. I figured I had nothing to lose, so I even reached out to total strangers. So far I have interviewed more than 15 small business experts on how to improve your business – something that never would have happened if I hadn’t started asking for help. My journey into sharing more vulnerable sides of myself and asking others for help have taught me a few things. 1. Be clear with what you need help with Make it easy for others by being clear on what you need help with. What is not working? Often you will get a much more positive response if you ask for something concrete. For example, “Could we meet up for an hour and discuss how I could improve my marketing?” is easier to say yes to than “I don’t know how to make my business successful. Can you help?”. 2. Choose carefully who you ask for help. If you’re not used to asking for help, the best way to start is by choosing the right person to trust. Avoid asking anyone who might take advantage of your vulnerability, as it will put you off trying again. You don’t want them to share with others what you told them in confidence. 3. When you’ve got a problem, ask for help early on. When you’re in a tight spot, the sooner you open up about it and get help, the easier it will be. It’s a bit like a volcano – don’t wait until your catastrophe is spewing lava all over the place. When you talk to others about your problem earlier on, you have the chance to get help from others to turn the situation around before it gets bad. 4. Find your tribe Find a supportive environment where you can find others who have been in the same situation and can relate to what you are doing or going through. If you need a lot of help, going to several people for help instead of one will help you get more perspectives and won’t make you a burden to someone. 5. Give a heart-felt thank you Share with others what it meant to you that they gave you their support. Just a simple note saying “Thank you so much for helping me with X. I was really feeling stressed about this earlier but now I have a much clearer strategy for what I’m going to do next” will do. If they went out of their way to help you, maybe you want to send them a present. 6. Reciprocate naturally I’m not a big fan of quid pro quo. Instead I like to think of giving and supporting as something that naturally happens between people that care about each other, be it on a personal plan or business. Being supportive is just as important as getting support. How you can make other people’s journey easier? *** It is when I have opened up and shared my troubles that I have found the most loyal friends. It is when I have shared a business dilemma that I have found new supporters on my side, fighting for my cause. Despite that, I’d be the first to confess that it’s still difficult for me to ask for help. It won’t suddenly become easy overnight. But just because something is difficult doesn’t mean that you should avoid it. While I still have a long way to go, I now know that I can be vulnerable without losing other people’s respect – instead I gain friends. |
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Caboolture
Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578
Confidential Email:- The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be priveleged. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation.
Tuesday, February 21, 2012
Current Australian Property Market blog & Overseas Investment Market - in particular China
Dear Valued Friend,
Yes, there is some good news out there.It isn't making the headlines, but it is out there never-the-less.
Here are seven positive points to help you make it through your real estate
day.
1. The vacancy rate is tight.
In most capitals and major regional markets it remains under 3% and is much
lower in Brisbane, Sydney, Perth, Canberra and central Queensland.
Rents growth is starting to accelerate and we know of numerous examples
where over 30 rental submissions are being received for vacant rental
dwellings across Brisbane.
2. Sales have improved
Since mid-year and those vendors who meet the market are selling - and now,
often quickly.
It is still a buyer's market - with the high supply of stock for resale -
ensuring that you need to realistically price and market your property well
in order to make a sale.
Investors are starting to take their properties off the market and are
renting them out again, as they are attracting good rental yields.
3. Last year's interest rate drop is having some impact - with the number of
owner-occupier loans up 2% in December.
Housing investment loans rose 7.5% in December, after a 2.7% rise in
November. First home buying activity is currently at a two-year high.
Generic prices might be still falling but there are signs that the housing
sector is starting to turn the corner. The latest housing finance data
provides a degree of encouragement.
Home loans have now increased for nine consecutive months and the investor
market is doing the bulk of the heavy lifting. We have been saying for some
time that it is the investors who will get the housing market back on its
feet.
4. Hamilton Harbour
One of the first major Queensland apartment projects to face settlement
since the GFC - is settling well.
No, that isn't strong enough - it is going great guns! I nearly said
gang-busters, but that might be taking it a bit too far.
At the time of writing, 89% of the 435 apartments sold since early 2009 have
settled, with an overall 95% success rate likely by the end of this month.
We originally wrote about Hamilton Harbour in July last year, stating that
it should be on the industry's "must watch" list; it was a litmus test for
the Brisbane market - a beachhead, if you will.
Sadly, few seem to be watching, and nor are the media writing about it. This
is big news for Brisbane-town. Other, lesser projects (if you ask me), also
appear to be settling well.
The average price of a settled apartment in Hamilton Harbour is $526,000,
with just over $200 million worth of property settled so far.
Over 220 apartments have been leased in both the towers since late November
last year. The average gross rental yield - based on evidence to date and
being rented out for 50 weeks per annum - is 5.3% across the investment
stock. The one-bedroom and one-bedroom with study product are achieving the
higher yields.
5. The Melbourne Institute-Westpac confidence survey shows that late last year, price pessimists in Brisbane dominated (-10%)
versus this month's positive result of 27% (% of those expecting a rise
minus % expecting a fall) - a 180 degree turn in just three months.
The Good Time to Buy a Dwelling Index is up in Queensland and also in
Western Australia. Queensland's pending state and local elections will
hopefully lift confidence higher.
6. Whilst we don't need to build as many new homes as we once did - see here
- outside of Melbourne, Adelaide, Canberra, Cairns and the Gold Coast, the
new housing markets aren't oversupplied.
There is a lot of nonsense written about supply - published often by
young'uns who can count (well sometimes just), but have little understanding
about how the new housing market actually works.
At present, for example, there is a lot of commentary (and press) about a
pending oversupply of new apartments across inner Brisbane.
Now, whilst there is lots of new mooted apartment development - approved in
council - the fact remains that not enough new product is actually being
built.
Over the last five years for example, 13,000 new dwellings were required to
accommodate the population growth, yet - based on the official statistics -
just 8,017 new dwellings were approved.
Last year, just 1,902 new dwellings were approved, against an annual average
demand for 2,650 new housing starts. At present there is a serious
short-fall.
7. To finish, everything cycles, including the property market.
The Brisbane market, for mine, is at 6 o'clock on the property clock or at
the bottom of its cycle. Many investors try to pick the bottom of the
market.
Yet, the direction in which property values travel is only partially
dependent on the broader market conditions.
Recent studies show that about 40% of growth (or otherwise) can be explained
by trends in the overall market. The all-important 60% comes down to more
individual factors such as location, the style of housing, its design and
inclusions, and the income/demographics of the area.
However, a 40% swing in your favour shouldn't be sneezed at, especially
after what the Brisbane market has been through of late.
Campbell Newman would love to have a quarter of this momentum. Subject: Overseas Investment Market - in particular China Australian real estate is one of the most attractive investment propositions
around for overseas investors. There are two reasons. First, we have a
strong economy that gained major international attention during and after
the GFC, so we're now very well known in global investment circles. Second,
we have an exceptional track record for capital growth and rental returns
over the long term. Today, we see a lot of demand from overseas buyers, particularly Chinese
families whose children are coming to Australia to study. Under Foreign
Investment Review Board (FIRB) rules, their child is allowed to buy and live
in one established property while they're here. So mum and dad are funding
the purchase both as an investment and to put a roof over their child's
head. Families who can afford larger homes are seeing opportunity in today's
softer prestige market too. This is likely to be a growing trend given our impressive education system.
We're actually the third largest provider of international education behind
the US and UK, with one in five of our university students coming from
overseas (about 20 per cent from China), according to the Bureau of
Statistics. Rules around foreign property ownership can be tricky to understand and
there have been some major changes over the past few years. Let me re-cap
what's been going on. Generally speaking, the FIRB prohibits foreign ownership of established real
estate for investment but allows it for brand new or off-the-plan properties
because this promotes the expansion of housing stock, which we desperately
need. In December 2008, the Government decided to relax the foreign ownership
rules. For a period of about 18 months, until the rules changed again,
overseas students could buy any type of property to live in without seeking
FIRB approval. They could also hold the property for investment as long as
they liked, even if they left the country. The Government also removed the restriction preventing students from buying
property worth more than $300,000 while living here. This meant rich
overseas families could purchase a multi-million dollar home for their child
to live in and keep it for investment as long as they liked. The same rules
applied to businesspeople working in Australia on temporary visas - and
there's plenty of them too! Concerns soon arose about the number of overseas buyers purchasing local
property, as well as the number of properties they were purchasing, and what
this extra demand was doing to prices. Another concern was reports that
foreign owners were holding properties and not renting them out, thereby
reducing available rental stock for Australians during a significant ongoing
shortage. So in 2010, the Government tightened the rules again. They re-imposed the
requirement of notification and approval before a temporary resident could
buy property and introduced a new rule that they must commit to selling as
soon as they leave the country or face strong new penalties. These rules appear not to have dampened the enthusiasm of overseas buyers.
If you have a child coming here to study a six-year or more medical degree,
that's plenty of time to make a healthy gain on your investment before
selling - that is, if your child decides not to stay in Australia after
graduation. You see, many students and professionals who come here on temporary visas
decide to stay (why wouldn't they? Australia is the best country in the
world to live in!), and once they're on a permanent resident visa, they can
buy as many homes as they like - using their own money or that of their
overseas families. Here's an update on the most important FIRB rules. If you want to read more,
go to http://www.firb.gov.au/content/real_estate/real_estate.asp Foreign non-residents are not allowed to buy established dwellings for
investment.
They can, however, purchase new properties (either newly-built or
off-the-plan) or vacant land to build on as this promotes the expansion of
housing stock (some conditions apply).
Temporary residents can purchase one established dwelling to use as their
residence but they must apply for FIRB permission and they must sell it as
soon as they leave the country.
Foreign companies can buy established homes for Australian-based staff as
long as they agree to sell or rent out the property if they expect it to be
vacant for six months or more.
Foreigners living in Australia on a permanent resident visa do not need
approval to buy for owner-occupation or investment.
In addition to education and a strong property market, Australia also has
enormous appeal with international buyers due to our enviable lifestyle,
safety, our strong economy and currency and the astounding natural beauty of
our landscape. Published: Wednesday, February 22, 2012 Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
My daughter and granddaughter
Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
Current Australian Property Market blog & Overseas Investment Market - in particular China
Dear Valued Friend, Yes, there is some good news out there.
It isn't making the headlines, but it is out there never-the-less.
Here are seven positive points to help you make it through your real estate
day.
1. The vacancy rate is tight.
In most capitals and major regional markets it remains under 3% and is much
lower in Brisbane, Sydney, Perth, Canberra and central Queensland.
Rents growth is starting to accelerate and we know of numerous examples
where over 30 rental submissions are being received for vacant rental
dwellings across Brisbane.
2. Sales have improved
Since mid-year and those vendors who meet the market are selling - and now,
often quickly.
It is still a buyer's market - with the high supply of stock for resale -
ensuring that you need to realistically price and market your property well
in order to make a sale.
Investors are starting to take their properties off the market and are
renting them out again, as they are attracting good rental yields.
3. Last year's interest rate drop is having some impact - with the number of
owner-occupier loans up 2% in December.
Housing investment loans rose 7.5% in December, after a 2.7% rise in
November. First home buying activity is currently at a two-year high.
Generic prices might be still falling but there are signs that the housing
sector is starting to turn the corner. The latest housing finance data
provides a degree of encouragement.
Home loans have now increased for nine consecutive months and the investor
market is doing the bulk of the heavy lifting. We have been saying for some
time that it is the investors who will get the housing market back on its
feet.
4. Hamilton Harbour
One of the first major Queensland apartment projects to face settlement
since the GFC - is settling well.
No, that isn't strong enough - it is going great guns! I nearly said
gang-busters, but that might be taking it a bit too far.
At the time of writing, 89% of the 435 apartments sold since early 2009 have
settled, with an overall 95% success rate likely by the end of this month.
We originally wrote about Hamilton Harbour in July last year, stating that
it should be on the industry's "must watch" list; it was a litmus test for
the Brisbane market - a beachhead, if you will.
Sadly, few seem to be watching, and nor are the media writing about it. This
is big news for Brisbane-town. Other, lesser projects (if you ask me), also
appear to be settling well.
The average price of a settled apartment in Hamilton Harbour is $526,000,
with just over $200 million worth of property settled so far.
Over 220 apartments have been leased in both the towers since late November
last year. The average gross rental yield - based on evidence to date and
being rented out for 50 weeks per annum - is 5.3% across the investment
stock. The one-bedroom and one-bedroom with study product are achieving the
higher yields.
5. The Melbourne Institute-Westpac confidence survey shows that late last year, price pessimists in Brisbane dominated (-10%)
versus this month's positive result of 27% (% of those expecting a rise
minus % expecting a fall) - a 180 degree turn in just three months.
The Good Time to Buy a Dwelling Index is up in Queensland and also in
Western Australia. Queensland's pending state and local elections will
hopefully lift confidence higher.
6. Whilst we don't need to build as many new homes as we once did - see here
- outside of Melbourne, Adelaide, Canberra, Cairns and the Gold Coast, the
new housing markets aren't oversupplied.
There is a lot of nonsense written about supply - published often by
young'uns who can count (well sometimes just), but have little understanding
about how the new housing market actually works.
At present, for example, there is a lot of commentary (and press) about a
pending oversupply of new apartments across inner Brisbane.
Now, whilst there is lots of new mooted apartment development - approved in
council - the fact remains that not enough new product is actually being
built.
Over the last five years for example, 13,000 new dwellings were required to
accommodate the population growth, yet - based on the official statistics -
just 8,017 new dwellings were approved.
Last year, just 1,902 new dwellings were approved, against an annual average
demand for 2,650 new housing starts. At present there is a serious
short-fall.
7. To finish, everything cycles, including the property market.
The Brisbane market, for mine, is at 6 o'clock on the property clock or at
the bottom of its cycle. Many investors try to pick the bottom of the
market.
Yet, the direction in which property values travel is only partially
dependent on the broader market conditions.
Recent studies show that about 40% of growth (or otherwise) can be explained
by trends in the overall market. The all-important 60% comes down to more
individual factors such as location, the style of housing, its design and
inclusions, and the income/demographics of the area.
However, a 40% swing in your favour shouldn't be sneezed at, especially
after what the Brisbane market has been through of late.
Campbell Newman would love to have a quarter of this momentum. Subject: Overseas Investment Market - in particular China Australian real estate is one of the most attractive investment propositions
around for overseas investors. There are two reasons. First, we have a
strong economy that gained major international attention during and after
the GFC, so we're now very well known in global investment circles. Second,
we have an exceptional track record for capital growth and rental returns
over the long term. Today, we see a lot of demand from overseas buyers, particularly Chinese
families whose children are coming to Australia to study. Under Foreign
Investment Review Board (FIRB) rules, their child is allowed to buy and live
in one established property while they're here. So mum and dad are funding
the purchase both as an investment and to put a roof over their child's
head. Families who can afford larger homes are seeing opportunity in today's
softer prestige market too. This is likely to be a growing trend given our impressive education system.
We're actually the third largest provider of international education behind
the US and UK, with one in five of our university students coming from
overseas (about 20 per cent from China), according to the Bureau of
Statistics. Rules around foreign property ownership can be tricky to understand and
there have been some major changes over the past few years. Let me re-cap
what's been going on. Generally speaking, the FIRB prohibits foreign ownership of established real
estate for investment but allows it for brand new or off-the-plan properties
because this promotes the expansion of housing stock, which we desperately
need. In December 2008, the Government decided to relax the foreign ownership
rules. For a period of about 18 months, until the rules changed again,
overseas students could buy any type of property to live in without seeking
FIRB approval. They could also hold the property for investment as long as
they liked, even if they left the country. The Government also removed the restriction preventing students from buying
property worth more than $300,000 while living here. This meant rich
overseas families could purchase a multi-million dollar home for their child
to live in and keep it for investment as long as they liked. The same rules
applied to businesspeople working in Australia on temporary visas - and
there's plenty of them too! Concerns soon arose about the number of overseas buyers purchasing local
property, as well as the number of properties they were purchasing, and what
this extra demand was doing to prices. Another concern was reports that
foreign owners were holding properties and not renting them out, thereby
reducing available rental stock for Australians during a significant ongoing
shortage. So in 2010, the Government tightened the rules again. They re-imposed the
requirement of notification and approval before a temporary resident could
buy property and introduced a new rule that they must commit to selling as
soon as they leave the country or face strong new penalties. These rules appear not to have dampened the enthusiasm of overseas buyers.
If you have a child coming here to study a six-year or more medical degree,
that's plenty of time to make a healthy gain on your investment before
selling - that is, if your child decides not to stay in Australia after
graduation. You see, many students and professionals who come here on temporary visas
decide to stay (why wouldn't they? Australia is the best country in the
world to live in!), and once they're on a permanent resident visa, they can
buy as many homes as they like - using their own money or that of their
overseas families. Here's an update on the most important FIRB rules. If you want to read more,
go to http://www.firb.gov.au/content/real_estate/real_estate.asp Foreign non-residents are not allowed to buy established dwellings for
investment.
They can, however, purchase new properties (either newly-built or
off-the-plan) or vacant land to build on as this promotes the expansion of
housing stock (some conditions apply).
Temporary residents can purchase one established dwelling to use as their
residence but they must apply for FIRB permission and they must sell it as
soon as they leave the country.
Foreign companies can buy established homes for Australian-based staff as
long as they agree to sell or rent out the property if they expect it to be
vacant for six months or more.
Foreigners living in Australia on a permanent resident visa do not need
approval to buy for owner-occupation or investment.
In addition to education and a strong property market, Australia also has
enormous appeal with international buyers due to our enviable lifestyle,
safety, our strong economy and currency and the astounding natural beauty of
our landscape. Published: Wednesday, February 22, 2012 Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
It isn't making the headlines, but it is out there never-the-less.
Here are seven positive points to help you make it through your real estate
day.
1. The vacancy rate is tight.
In most capitals and major regional markets it remains under 3% and is much
lower in Brisbane, Sydney, Perth, Canberra and central Queensland.
Rents growth is starting to accelerate and we know of numerous examples
where over 30 rental submissions are being received for vacant rental
dwellings across Brisbane.
2. Sales have improved
Since mid-year and those vendors who meet the market are selling - and now,
often quickly.
It is still a buyer's market - with the high supply of stock for resale -
ensuring that you need to realistically price and market your property well
in order to make a sale.
Investors are starting to take their properties off the market and are
renting them out again, as they are attracting good rental yields.
3. Last year's interest rate drop is having some impact - with the number of
owner-occupier loans up 2% in December.
Housing investment loans rose 7.5% in December, after a 2.7% rise in
November. First home buying activity is currently at a two-year high.
Generic prices might be still falling but there are signs that the housing
sector is starting to turn the corner. The latest housing finance data
provides a degree of encouragement.
Home loans have now increased for nine consecutive months and the investor
market is doing the bulk of the heavy lifting. We have been saying for some
time that it is the investors who will get the housing market back on its
feet.
4. Hamilton Harbour
One of the first major Queensland apartment projects to face settlement
since the GFC - is settling well.
No, that isn't strong enough - it is going great guns! I nearly said
gang-busters, but that might be taking it a bit too far.
At the time of writing, 89% of the 435 apartments sold since early 2009 have
settled, with an overall 95% success rate likely by the end of this month.
We originally wrote about Hamilton Harbour in July last year, stating that
it should be on the industry's "must watch" list; it was a litmus test for
the Brisbane market - a beachhead, if you will.
Sadly, few seem to be watching, and nor are the media writing about it. This
is big news for Brisbane-town. Other, lesser projects (if you ask me), also
appear to be settling well.
The average price of a settled apartment in Hamilton Harbour is $526,000,
with just over $200 million worth of property settled so far.
Over 220 apartments have been leased in both the towers since late November
last year. The average gross rental yield - based on evidence to date and
being rented out for 50 weeks per annum - is 5.3% across the investment
stock. The one-bedroom and one-bedroom with study product are achieving the
higher yields.
5. The Melbourne Institute-Westpac confidence survey shows that late last year, price pessimists in Brisbane dominated (-10%)
versus this month's positive result of 27% (% of those expecting a rise
minus % expecting a fall) - a 180 degree turn in just three months.
The Good Time to Buy a Dwelling Index is up in Queensland and also in
Western Australia. Queensland's pending state and local elections will
hopefully lift confidence higher.
6. Whilst we don't need to build as many new homes as we once did - see here
- outside of Melbourne, Adelaide, Canberra, Cairns and the Gold Coast, the
new housing markets aren't oversupplied.
There is a lot of nonsense written about supply - published often by
young'uns who can count (well sometimes just), but have little understanding
about how the new housing market actually works.
At present, for example, there is a lot of commentary (and press) about a
pending oversupply of new apartments across inner Brisbane.
Now, whilst there is lots of new mooted apartment development - approved in
council - the fact remains that not enough new product is actually being
built.
Over the last five years for example, 13,000 new dwellings were required to
accommodate the population growth, yet - based on the official statistics -
just 8,017 new dwellings were approved.
Last year, just 1,902 new dwellings were approved, against an annual average
demand for 2,650 new housing starts. At present there is a serious
short-fall.
7. To finish, everything cycles, including the property market.
The Brisbane market, for mine, is at 6 o'clock on the property clock or at
the bottom of its cycle. Many investors try to pick the bottom of the
market.
Yet, the direction in which property values travel is only partially
dependent on the broader market conditions.
Recent studies show that about 40% of growth (or otherwise) can be explained
by trends in the overall market. The all-important 60% comes down to more
individual factors such as location, the style of housing, its design and
inclusions, and the income/demographics of the area.
However, a 40% swing in your favour shouldn't be sneezed at, especially
after what the Brisbane market has been through of late.
Campbell Newman would love to have a quarter of this momentum. Subject: Overseas Investment Market - in particular China Australian real estate is one of the most attractive investment propositions
around for overseas investors. There are two reasons. First, we have a
strong economy that gained major international attention during and after
the GFC, so we're now very well known in global investment circles. Second,
we have an exceptional track record for capital growth and rental returns
over the long term. Today, we see a lot of demand from overseas buyers, particularly Chinese
families whose children are coming to Australia to study. Under Foreign
Investment Review Board (FIRB) rules, their child is allowed to buy and live
in one established property while they're here. So mum and dad are funding
the purchase both as an investment and to put a roof over their child's
head. Families who can afford larger homes are seeing opportunity in today's
softer prestige market too. This is likely to be a growing trend given our impressive education system.
We're actually the third largest provider of international education behind
the US and UK, with one in five of our university students coming from
overseas (about 20 per cent from China), according to the Bureau of
Statistics. Rules around foreign property ownership can be tricky to understand and
there have been some major changes over the past few years. Let me re-cap
what's been going on. Generally speaking, the FIRB prohibits foreign ownership of established real
estate for investment but allows it for brand new or off-the-plan properties
because this promotes the expansion of housing stock, which we desperately
need. In December 2008, the Government decided to relax the foreign ownership
rules. For a period of about 18 months, until the rules changed again,
overseas students could buy any type of property to live in without seeking
FIRB approval. They could also hold the property for investment as long as
they liked, even if they left the country. The Government also removed the restriction preventing students from buying
property worth more than $300,000 while living here. This meant rich
overseas families could purchase a multi-million dollar home for their child
to live in and keep it for investment as long as they liked. The same rules
applied to businesspeople working in Australia on temporary visas - and
there's plenty of them too! Concerns soon arose about the number of overseas buyers purchasing local
property, as well as the number of properties they were purchasing, and what
this extra demand was doing to prices. Another concern was reports that
foreign owners were holding properties and not renting them out, thereby
reducing available rental stock for Australians during a significant ongoing
shortage. So in 2010, the Government tightened the rules again. They re-imposed the
requirement of notification and approval before a temporary resident could
buy property and introduced a new rule that they must commit to selling as
soon as they leave the country or face strong new penalties. These rules appear not to have dampened the enthusiasm of overseas buyers.
If you have a child coming here to study a six-year or more medical degree,
that's plenty of time to make a healthy gain on your investment before
selling - that is, if your child decides not to stay in Australia after
graduation. You see, many students and professionals who come here on temporary visas
decide to stay (why wouldn't they? Australia is the best country in the
world to live in!), and once they're on a permanent resident visa, they can
buy as many homes as they like - using their own money or that of their
overseas families. Here's an update on the most important FIRB rules. If you want to read more,
go to http://www.firb.gov.au/content/real_estate/real_estate.asp Foreign non-residents are not allowed to buy established dwellings for
investment.
They can, however, purchase new properties (either newly-built or
off-the-plan) or vacant land to build on as this promotes the expansion of
housing stock (some conditions apply).
Temporary residents can purchase one established dwelling to use as their
residence but they must apply for FIRB permission and they must sell it as
soon as they leave the country.
Foreign companies can buy established homes for Australian-based staff as
long as they agree to sell or rent out the property if they expect it to be
vacant for six months or more.
Foreigners living in Australia on a permanent resident visa do not need
approval to buy for owner-occupation or investment.
In addition to education and a strong property market, Australia also has
enormous appeal with international buyers due to our enviable lifestyle,
safety, our strong economy and currency and the astounding natural beauty of
our landscape. Published: Wednesday, February 22, 2012 Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
Market Value of a Property
The market value of a property is the best achievable price which, will provide a comfort zone for both the seller and the buyer in any property sale. An unrealistic selling price does quite the opposite. The seller may be very pleased they have achieved a 'good' selling price and then are disappointed when a lower valuation comes in. At all times I ensure buyers do not buy over and above the current market value. This ensures there is satisfaction for both parties. Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
Overseas Investment Market - in particular China
Australian real estate is one of the most attractive investment propositions
around for overseas investors. There are two reasons. First, we have a
strong economy that gained major international attention during and after
the GFC, so we're now very well known in global investment circles. Second,
we have an exceptional track record for capital growth and rental returns
over the long term. Today, we see a lot of demand from overseas buyers, particularly Chinese
families whose children are coming to Australia to study. Under Foreign
Investment Review Board (FIRB) rules, their child is allowed to buy and live
in one established property while they're here. So mum and dad are funding
the purchase both as an investment and to put a roof over their child's
head. Families who can afford larger homes are seeing opportunity in today's
softer prestige market too. This is likely to be a growing trend given our impressive education system.
We're actually the third largest provider of international education behind
the US and UK, with one in five of our university students coming from
overseas (about 20 per cent from China), according to the Bureau of
Statistics. Rules around foreign property ownership can be tricky to understand and
there have been some major changes over the past few years. Let me re-cap
what's been going on. Generally speaking, the FIRB prohibits foreign ownership of established real
estate for investment but allows it for brand new or off-the-plan properties
because this promotes the expansion of housing stock, which we desperately
need. In December 2008, the Government decided to relax the foreign ownership
rules. For a period of about 18 months, until the rules changed again,
overseas students could buy any type of property to live in without seeking
FIRB approval. They could also hold the property for investment as long as
they liked, even if they left the country. The Government also removed the restriction preventing students from buying
property worth more than $300,000 while living here. This meant rich
overseas families could purchase a multi-million dollar home for their child
to live in and keep it for investment as long as they liked. The same rules
applied to businesspeople working in Australia on temporary visas - and
there's plenty of them too! Concerns soon arose about the number of overseas buyers purchasing local
property, as well as the number of properties they were purchasing, and what
this extra demand was doing to prices. Another concern was reports that
foreign owners were holding properties and not renting them out, thereby
reducing available rental stock for Australians during a significant ongoing
shortage. So in 2010, the Government tightened the rules again. They re-imposed the
requirement of notification and approval before a temporary resident could
buy property and introduced a new rule that they must commit to selling as
soon as they leave the country or face strong new penalties. These rules appear not to have dampened the enthusiasm of overseas buyers.
If you have a child coming here to study a six-year or more medical degree,
that's plenty of time to make a healthy gain on your investment before
selling - that is, if your child decides not to stay in Australia after
graduation. You see, many students and professionals who come here on temporary visas
decide to stay (why wouldn't they? Australia is the best country in the
world to live in!), and once they're on a permanent resident visa, they can
buy as many homes as they like - using their own money or that of their
overseas families. Here's an update on the most important FIRB rules. If you want to read more,
go to http://www.firb.gov.au/content/real_estate/real_estate.asp Foreign non-residents are not allowed to buy established dwellings for
investment.
They can, however, purchase new properties (either newly-built or
off-the-plan) or vacant land to build on as this promotes the expansion of
housing stock (some conditions apply).
Temporary residents can purchase one established dwelling to use as their
residence but they must apply for FIRB permission and they must sell it as
soon as they leave the country.
Foreign companies can buy established homes for Australian-based staff as
long as they agree to sell or rent out the property if they expect it to be
vacant for six months or more.
Foreigners living in Australia on a permanent resident visa do not need
approval to buy for owner-occupation or investment.
In addition to education and a strong property market, Australia also has
enormous appeal with international buyers due to our enviable lifestyle,
safety, our strong economy and currency and the astounding natural beauty of
our landscape. Published: Wednesday, February 22, 2012 Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
around for overseas investors. There are two reasons. First, we have a
strong economy that gained major international attention during and after
the GFC, so we're now very well known in global investment circles. Second,
we have an exceptional track record for capital growth and rental returns
over the long term. Today, we see a lot of demand from overseas buyers, particularly Chinese
families whose children are coming to Australia to study. Under Foreign
Investment Review Board (FIRB) rules, their child is allowed to buy and live
in one established property while they're here. So mum and dad are funding
the purchase both as an investment and to put a roof over their child's
head. Families who can afford larger homes are seeing opportunity in today's
softer prestige market too. This is likely to be a growing trend given our impressive education system.
We're actually the third largest provider of international education behind
the US and UK, with one in five of our university students coming from
overseas (about 20 per cent from China), according to the Bureau of
Statistics. Rules around foreign property ownership can be tricky to understand and
there have been some major changes over the past few years. Let me re-cap
what's been going on. Generally speaking, the FIRB prohibits foreign ownership of established real
estate for investment but allows it for brand new or off-the-plan properties
because this promotes the expansion of housing stock, which we desperately
need. In December 2008, the Government decided to relax the foreign ownership
rules. For a period of about 18 months, until the rules changed again,
overseas students could buy any type of property to live in without seeking
FIRB approval. They could also hold the property for investment as long as
they liked, even if they left the country. The Government also removed the restriction preventing students from buying
property worth more than $300,000 while living here. This meant rich
overseas families could purchase a multi-million dollar home for their child
to live in and keep it for investment as long as they liked. The same rules
applied to businesspeople working in Australia on temporary visas - and
there's plenty of them too! Concerns soon arose about the number of overseas buyers purchasing local
property, as well as the number of properties they were purchasing, and what
this extra demand was doing to prices. Another concern was reports that
foreign owners were holding properties and not renting them out, thereby
reducing available rental stock for Australians during a significant ongoing
shortage. So in 2010, the Government tightened the rules again. They re-imposed the
requirement of notification and approval before a temporary resident could
buy property and introduced a new rule that they must commit to selling as
soon as they leave the country or face strong new penalties. These rules appear not to have dampened the enthusiasm of overseas buyers.
If you have a child coming here to study a six-year or more medical degree,
that's plenty of time to make a healthy gain on your investment before
selling - that is, if your child decides not to stay in Australia after
graduation. You see, many students and professionals who come here on temporary visas
decide to stay (why wouldn't they? Australia is the best country in the
world to live in!), and once they're on a permanent resident visa, they can
buy as many homes as they like - using their own money or that of their
overseas families. Here's an update on the most important FIRB rules. If you want to read more,
go to http://www.firb.gov.au/content/real_estate/real_estate.asp Foreign non-residents are not allowed to buy established dwellings for
investment.
They can, however, purchase new properties (either newly-built or
off-the-plan) or vacant land to build on as this promotes the expansion of
housing stock (some conditions apply).
Temporary residents can purchase one established dwelling to use as their
residence but they must apply for FIRB permission and they must sell it as
soon as they leave the country.
Foreign companies can buy established homes for Australian-based staff as
long as they agree to sell or rent out the property if they expect it to be
vacant for six months or more.
Foreigners living in Australia on a permanent resident visa do not need
approval to buy for owner-occupation or investment.
In addition to education and a strong property market, Australia also has
enormous appeal with international buyers due to our enviable lifestyle,
safety, our strong economy and currency and the astounding natural beauty of
our landscape. Published: Wednesday, February 22, 2012 Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578 Confidential Email:- The information in this message is intended for the
recipient named on this email. If you are not that recipient, please do not
read, copy, distribute or act upon the message as the information it
contains may be priveleged. If you have received this message in error,
please notify us immediately by return email. Thank you for your
co-operation.
The Real Estate Market 22/2/12
Yes, there is some good news out there.
It isn't making the headlines, but it is out there never-the-less.
Here are seven positive points to help you make it through your real estate
day.
1. The vacancy rate is tight.
In most capitals and major regional markets it remains under 3% and is much
lower in Brisbane, Sydney, Perth, Canberra and central Queensland.
Rents growth is starting to accelerate and we know of numerous examples
where over 30 rental submissions are being received for vacant rental
dwellings across Brisbane.
2. Sales have improved
Since mid-year and those vendors who meet the market are selling - and now,
often quickly.
It is still a buyer's market - with the high supply of stock for resale -
ensuring that you need to realistically price and market your property well
in order to make a sale.
Investors are starting to take their properties off the market and are
renting them out again, as they are attracting good rental yields.
3. Last year's interest rate drop is having some impact - with the number of
owner-occupier loans up 2% in December.
Housing investment loans rose 7.5% in December, after a 2.7% rise in
November. First home buying activity is currently at a two-year high.
Generic prices might be still falling but there are signs that the housing
sector is starting to turn the corner. The latest housing finance data
provides a degree of encouragement.
Home loans have now increased for nine consecutive months and the investor
market is doing the bulk of the heavy lifting. We have been saying for some
time that it is the investors who will get the housing market back on its
feet.
4. Hamilton Harbour
One of the first major Queensland apartment projects to face settlement
since the GFC - is settling well.
No, that isn't strong enough - it is going great guns! I nearly said
gang-busters, but that might be taking it a bit too far.
At the time of writing, 89% of the 435 apartments sold since early 2009 have
settled, with an overall 95% success rate likely by the end of this month.
We originally wrote about Hamilton Harbour in July last year, stating that
it should be on the industry's "must watch" list; it was a litmus test for
the Brisbane market - a beachhead, if you will.
Sadly, few seem to be watching, and nor are the media writing about it. This
is big news for Brisbane-town. Other, lesser projects (if you ask me), also
appear to be settling well.
The average price of a settled apartment in Hamilton Harbour is $526,000,
with just over $200 million worth of property settled so far.
Over 220 apartments have been leased in both the towers since late November
last year. The average gross rental yield - based on evidence to date and
being rented out for 50 weeks per annum - is 5.3% across the investment
stock. The one-bedroom and one-bedroom with study product are achieving the
higher yields.
5. The Melbourne Institute-Westpac confidence survey shows that late last year, price pessimists in Brisbane dominated (-10%)
versus this month's positive result of 27% (% of those expecting a rise
minus % expecting a fall) - a 180 degree turn in just three months.
The Good Time to Buy a Dwelling Index is up in Queensland and also in
Western Australia. Queensland's pending state and local elections will
hopefully lift confidence higher.
6. Whilst we don't need to build as many new homes as we once did - see here
- outside of Melbourne, Adelaide, Canberra, Cairns and the Gold Coast, the
new housing markets aren't oversupplied.
There is a lot of nonsense written about supply - published often by
young'uns who can count (well sometimes just), but have little understanding
about how the new housing market actually works.
At present, for example, there is a lot of commentary (and press) about a
pending oversupply of new apartments across inner Brisbane.
Now, whilst there is lots of new mooted apartment development - approved in
council - the fact remains that not enough new product is actually being
built.
Over the last five years for example, 13,000 new dwellings were required to
accommodate the population growth, yet - based on the official statistics -
just 8,017 new dwellings were approved.
Last year, just 1,902 new dwellings were approved, against an annual average
demand for 2,650 new housing starts. At present there is a serious
short-fall.
7. To finish, everything cycles, including the property market.
The Brisbane market, for mine, is at 6 o'clock on the property clock or at
the bottom of its cycle. Many investors try to pick the bottom of the
market.
Yet, the direction in which property values travel is only partially
dependent on the broader market conditions.
Recent studies show that about 40% of growth (or otherwise) can be explained
by trends in the overall market. The all-important 60% comes down to more
individual factors such as location, the style of housing, its design and
inclusions, and the income/demographics of the area.
However, a 40% swing in your favour shouldn't be sneezed at, especially
after what the Brisbane market has been through of late.
Campbell Newman would love to have a quarter of this momentum.
It isn't making the headlines, but it is out there never-the-less.
Here are seven positive points to help you make it through your real estate
day.
1. The vacancy rate is tight.
In most capitals and major regional markets it remains under 3% and is much
lower in Brisbane, Sydney, Perth, Canberra and central Queensland.
Rents growth is starting to accelerate and we know of numerous examples
where over 30 rental submissions are being received for vacant rental
dwellings across Brisbane.
2. Sales have improved
Since mid-year and those vendors who meet the market are selling - and now,
often quickly.
It is still a buyer's market - with the high supply of stock for resale -
ensuring that you need to realistically price and market your property well
in order to make a sale.
Investors are starting to take their properties off the market and are
renting them out again, as they are attracting good rental yields.
3. Last year's interest rate drop is having some impact - with the number of
owner-occupier loans up 2% in December.
Housing investment loans rose 7.5% in December, after a 2.7% rise in
November. First home buying activity is currently at a two-year high.
Generic prices might be still falling but there are signs that the housing
sector is starting to turn the corner. The latest housing finance data
provides a degree of encouragement.
Home loans have now increased for nine consecutive months and the investor
market is doing the bulk of the heavy lifting. We have been saying for some
time that it is the investors who will get the housing market back on its
feet.
4. Hamilton Harbour
One of the first major Queensland apartment projects to face settlement
since the GFC - is settling well.
No, that isn't strong enough - it is going great guns! I nearly said
gang-busters, but that might be taking it a bit too far.
At the time of writing, 89% of the 435 apartments sold since early 2009 have
settled, with an overall 95% success rate likely by the end of this month.
We originally wrote about Hamilton Harbour in July last year, stating that
it should be on the industry's "must watch" list; it was a litmus test for
the Brisbane market - a beachhead, if you will.
Sadly, few seem to be watching, and nor are the media writing about it. This
is big news for Brisbane-town. Other, lesser projects (if you ask me), also
appear to be settling well.
The average price of a settled apartment in Hamilton Harbour is $526,000,
with just over $200 million worth of property settled so far.
Over 220 apartments have been leased in both the towers since late November
last year. The average gross rental yield - based on evidence to date and
being rented out for 50 weeks per annum - is 5.3% across the investment
stock. The one-bedroom and one-bedroom with study product are achieving the
higher yields.
5. The Melbourne Institute-Westpac confidence survey shows that late last year, price pessimists in Brisbane dominated (-10%)
versus this month's positive result of 27% (% of those expecting a rise
minus % expecting a fall) - a 180 degree turn in just three months.
The Good Time to Buy a Dwelling Index is up in Queensland and also in
Western Australia. Queensland's pending state and local elections will
hopefully lift confidence higher.
6. Whilst we don't need to build as many new homes as we once did - see here
- outside of Melbourne, Adelaide, Canberra, Cairns and the Gold Coast, the
new housing markets aren't oversupplied.
There is a lot of nonsense written about supply - published often by
young'uns who can count (well sometimes just), but have little understanding
about how the new housing market actually works.
At present, for example, there is a lot of commentary (and press) about a
pending oversupply of new apartments across inner Brisbane.
Now, whilst there is lots of new mooted apartment development - approved in
council - the fact remains that not enough new product is actually being
built.
Over the last five years for example, 13,000 new dwellings were required to
accommodate the population growth, yet - based on the official statistics -
just 8,017 new dwellings were approved.
Last year, just 1,902 new dwellings were approved, against an annual average
demand for 2,650 new housing starts. At present there is a serious
short-fall.
7. To finish, everything cycles, including the property market.
The Brisbane market, for mine, is at 6 o'clock on the property clock or at
the bottom of its cycle. Many investors try to pick the bottom of the
market.
Yet, the direction in which property values travel is only partially
dependent on the broader market conditions.
Recent studies show that about 40% of growth (or otherwise) can be explained
by trends in the overall market. The all-important 60% comes down to more
individual factors such as location, the style of housing, its design and
inclusions, and the income/demographics of the area.
However, a 40% swing in your favour shouldn't be sneezed at, especially
after what the Brisbane market has been through of late.
Campbell Newman would love to have a quarter of this momentum.
Check out L J Gilland Real Estate Pty Ltd on foursquare
I thought you'd like this place I found on foursquare:
L J Gilland Real Estate Pty Ltd - http://4sq.com/zV4p7K4 Budgeree Street (@ Robinson Road), Aspley, Queensland 4034, - Linda
Sent from my iPhone with thanks
Sunday, February 19, 2012
Image is everything to increase your home's value (CourierMail Article)
CourierMail
Image is everything to increase your home's value
From: CourierMail
February 01, 2012
PRESENTATION, renovations and location have the biggest impact on property values, says Propell National Valuers CEO Bart Mead.
Alternatively, you can copy and paste this link into your browser:
http://www.couriermail.com.au/questnews/image-is-everything-to-increase-your-homes-value/story-fn8zbrim-1226259841473
Herron Todd White Report for Feb 2012
Dear Valued Clients, Friends and Associates,
The attached is for your perusal and information only with kind regards.
Best regards
Linda J. Debello
L J Gilland Real Estate Pty Ltd
http://VictoriaPtBunkerGillandRealEstate.com
http://www.OrmeauAchievementGillandRealEstate.com/index.asp
http://au.linkedin.com/in/lindajanedebello
http://www.ljgrealestate.com.au
PO Box 19, Zillmere 4034.
Office:- 07 3263 6085
Mobile:- 0409995578
Confidential Email:- The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be privileged. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation.
Thursday, February 16, 2012
Tuesday, February 14, 2012
VIDEO: CCTV Police brutality
Sent: Wednesday, 15 February 2012 1:18 PM Subject: VIDEO: CCTV Police brutality Police need to recognize who in society are really VICTIMS. They go after
the easy prey and neglect real crime. CCTV Police brutality
Dramatic CCTV footage from the basement of Surfers Paradise police station. http://www.couriermail.com.au/news/queensland/video-shows-shock-police-bashi
ng-of-young-father/story-e6freoof-1226271313605
the easy prey and neglect real crime. CCTV Police brutality
Dramatic CCTV footage from the basement of Surfers Paradise police station. http://www.couriermail.com.au/news/queensland/video-shows-shock-police-bashi
ng-of-young-father/story-e6freoof-1226271313605
Sunday, February 12, 2012
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