Thursday, April 30, 2020
LJ Gilland Real Estate: Thanks for the successful Ormiston Sale
LJ Gilland Real Estate: Thanks for the successful Ormiston Sale: I’m writing to let you know about another great sale achieved in Brisbane! We’re pleased to report that 18 Evergreen Street, ORMISTON QLD...
Thanks for the successful Ormiston Sale
I’m writing to let you know about another great sale achieved in Brisbane! We’re pleased to report that 18 Evergreen Street, ORMISTON QLD 4160, Australia has sold in record time and settled yesterday under the current real estate conditions.
During the campaign, we issued 2 contracts and 9 groups inspected the property. We negotiated with 3 to achieve this exceptional sales result on 29th April, 2020.. 18 Evergreen St, Ormiston QLD 4160 This is the second tenanted investment property we have sold for the Valued Property Investor Landlord, the previous tenanted investment property which was located at Thornlands in the year 2007 also received an exceptional sale outcome.
Our Valued Vendor wrote the following to one of the potential buyers for this sale, for which we are thankful and grateful:-
This part is a note for the possible buyers. Carlos and Linda have managed three of our properties and, to date, been the agents for their sales as well. We are not natural landlords, but when Carlos and Linda manage the properties, they treat them as their own. It has been their diligence and sense of ownership that has enabled us to handle investment properties. If you proceed with this purchase, we recommend that you keep them on as rental managers until the process is complete. They managed repairs and maintenance on all properties so that they were never a worry. They know the property and the tenants, are very familiar with the laws of the tenancy and therefore would be able to steer through the process of giving notice and the final weeks the occupancy. They are very diplomatic and appreciate the challenges of dealing with people. We have no concerns about the future because of the amazing ability of Carlos and Linda.
Regards Rod and Kathy> END
We thought we should share this with you as a positive note that we truly are grateful to be working with such like-minded Clients and Landlords. That the successful Sale for this property in particular, even though we planned a strategy for a sale when we leased the property to said tenant back in 2017, then were hit with the challenges and restrictions of e.g. open homes in this COVID-19 environment, whilst having a self-isolating tenant in residence, that all is possible through passionate hard work and teamwork. This is not an appraisal seeking real estate notification. It is simply a big thank you for your continued support, that Carlos and our Team are grateful for your longstanding win-win relationship.
Kind regards,
Linda and Carlos
18 Evergreen Street, Ormiston QLD 4160
LJ Gilland Real Estate Pty Ltd would love your feedback. Post a review to our profiles. https://g.page/ljgrealestate/review?gm and LJ Gilland http://ljgrealestate.com.au/testimonials/ would love your feedback.
Post a review to our profile. https://g.page/www-ljgrealestate-com-au-lj-gill/review?gm
Under contract within a week Competitive Commission No Hidden Fees Client Focused
Elephant in the room: Landlord insurance
As each Australian state works out what support and processes are to be put in place for landlords and tenants, the elephant still sits in the corner of the room, waiting to be addressed.
Landlord insurance.
The Insurance Council of Australia website is noticeably quiet to what constitutes a rental default in a pandemic.
The Real Estate Institute of Australia has approached the ICA to obtain clarity on what landlords are best to do, when it comes to claiming for rental defaults versus rental negotiation with a tenant.
"Policies differ on the triggers required for a rental default or loss of rent to be recognised," said REIA president Adrian Kelly.
"In the current circumstances some larger insurers have adopted a case by case approach which may include not relying on trigger clauses like eviction notices – this would not have occurred prior to COVID 19.
"So for landlords the best advice is to contact their insurer and get clear guidance on what they should do. There is no single simple answer."
Mr Kelly said the ICA has advised him that it supports the current approaches taken by state governments to encourage landlords and tenants to renegotiate rental agreements and to also supplement rental incomes where possible.
"Where a landlord and tenant renegotiate rent arrangements, landlords should advise their landlord insurer," said Mr Kelly.
"Where rental payments have been renegotiated between a landlord and tenant it may, under some policies, not constitute a rental default.
"Landlords should contact their insurer with any questions they have on the operation of their specific policy in these circumstances.
"Importantly there is typically no impact on the landlord's ability to claim for damage to a property or any other aspect of the policy not currently excluded."
Mr Kelly said the ICA is still in discussion as to what a uniform approach looks like for landlords and what their real estate agents can advise them.
Similar to this:
Similar to this:
Wednesday, April 29, 2020
Are landlords being taken advantage of?
Speaking on the recently launched What’s Making Headlines podcast, which was conducted via Facebook LIVE last Thursday, real estate experts Tom Panos and Phil Tarrant discussed how rental relief measures introduced by the state governments recently may not be being used as they were intended.
“This has been the biggest issue in real estate at the moment. The NSW state government announced $220 million [for residential landlords] on the long weekend, allocated if a tenant was able to show that they had suffered more than 25 per cent distress to their income,” Mr Panos said.
“I know that there’s a strong feeling that this could be opportunistic, with some taking advantage of it. Even today, I was talking to someone who said they were very disappointed with a friend of theirs who said his income only got reduced by 10 per cent — he was a tenant — and he pretty much contacted the office and he tried to get a 60 per cent saving off his rent.”
Mr Tarrant concurred, noting that he, too, knows about some tenants who are capitalising on the new measures dishonestly.
“The intent of the government is to try and keep jobs intact as much as possible and making sure that not too many Australians are put into unnecessary financial stress,” Mr Tarrant said.
“Now, I get the sentiment about giving people a break if they’ve lost their income. I’m a landlord and have a considerable portfolio, I hear these same stories. The person in the block that I live in who negotiated a 50 per cent reduction in their rent moved back at home with their parents and charged or sub-let that same apartment out to backpackers who couldn’t get back to England for the full freight plus a bit of a margin, so capitalising on other people’s misfortune.
“I think about that poor landlord. It takes away from the people who are wanting to give the breaks to the people that are struggling right now, and I get it. I’m getting the calls coming in now from my landlords around what’s happening with rent reduction and I’ll give it where it’s due, but if you look at any of the documentation, any of the recommendations and any of the requirements coming out of the government, they’re saying, ‘This doesn’t necessarily mean that that debt goes away, it’s still got to sit on your ledger and you’re going to have to pay at some point’.
“My personal view as a landlord, but also as someone who employs a whole bunch of people, the JobKeeper allowance is there to support people meet their requirements.”
Adding to this, Mr Panos advised listeners not to take advantage of the system.
He said: “I get a lot of tenants who have got strong opinions and they make some outlandish comments, saying, ‘You guys are training agents to exploit tenants’. It’s actually the opposite. What we want to do and I think the government wants to do is find out who’s really suffering and help them, and who’s trying to manipulate the system.
“I think one of the things Scott Morrison said that was good is he said, ‘There is no losses, we’re all Australians in this’ — so everyone’s sort of chipping in. So, what does that mean?
“If you’re a tenant and life is good for you, don’t go off and create havoc. If you’re a tenant who’s got genuine problems, it’s simple — go and get your forms printed, get a letter from your employer, go to your agent and say, ‘Here it is. Here’s my situation. I’m not bullshitting’.
“I think you’re going to find landlords want to work with those people. The rental market’s not great, they don’t want their tenants to go, they’d rather work with them.”
During the discussion, Mr Panos and Mr Tarrant also provided insight into the current state of play for property investors in the Australian real estate market.
Best Regards
Linda 姬琳达珍 Debello (LREA)
We do however differ with the RBA’s forecast for growth in 2021 with the RBA forecasting 6–7% and Westpac at 4%.
With the unemployment rate unlikely to fall below 6% and central banks unconvinced about any urgent need to be pre-emptive the cash rate target is likely to hold at 0.25% at least until end of 2023. However the RBA can remain an effective force in the Policy debate through its management of the three year bond yield target.
On Tuesday the Reserve Bank Governor Lowe made a major speech where he outlined the Bank’s key economic forecasts.
These forecasts are based on the Bank’s central outlook for the policy response to the Covid Crisis whereby domestic shutdowns are gradually eased through the June and September quarters and “mostly removed by late in the year”.
Westpac released forecasts on March 31 where the central outlook for the Crisis was similar to the Bank’s central view.
We are encouraged that our forecasts are broadly in line with the forecasts the Governor released in his speech. Westpac forecast that the economy would contract by around 9.5% in the first half of 2020 (RBA minus 10%); the economy would contract by 5% over 2020 (RBA minus 6%); the unemployment rate would lift to 9% by end June (RBA 10%); implying that growth would bounce back by 4–5% in the second half of 2020, (RBA similar).
We do however differ with the RBA’s forecast for growth in 2021 with the RBA forecasting 6–7% and Westpac at 4%.
It appears that, next year, we are heading for a repeat of the last few years when RBA growth forecasts were consistently significantly above our own forecasts. That bullish view is despite the observation that “the twin health and economic emergencies that we are experiencing now will cast a shadow over our economy for some time to come”.
The other key observation was around the outlook for interest rates. The Governor indicated that he expected the three year bond target to remain in place for a “number of years”.
He also reiterated that the cash rate target would not be lifted before the three year bond yield target was lifted.
The choice of the three year bond target rate as the same as the cash rate target is strategic since it sends a clear message that if the Bank is prepared to purchase three year bonds at the overnight cash rate it is reasonable to expect that it is comfortable with the cash rate holding at 0.25% for the full three years.
This does not mean that it cannot lift the rate for the bond yield target. A higher target rate would imply that the Bank now expects the cash rate to be lifted within the three year window therefore signalling an appropriately tighter monetary policy.
A lift in the target rate would see the market’s timing for the cash rate increase brought forward and the arbitrage between swap markets and the bond rate would pin point that expected timing.
BILL EVANS
Tuesday, April 28, 2020
Thursday, April 23, 2020
Monday, April 20, 2020
Sunday, April 19, 2020
Thursday, April 16, 2020
Wednesday, April 15, 2020
Apparently, one reason Taiwan’s response to Covid-19 was so early was that Taiwan CDC Deputy Director Luo Yi-jun stumbled upon the Wuhan Municipal Health Commission’s 30 December notices on notorious online forum PTT in the early hours of 31 December Here is the original PTT post, with screenshots from the Wuhan Municipal Health Commission, but also from the warnings that it might be a kind of SARS by Dr Li Wenliang and Dr Liu Wen in WeChat groups. ptt.cc/bbs/gossiping/…. https://www.cna.com.tw/news/firstnews/202004150342.aspx @ Taiwan
Tuesday, April 14, 2020
IN YOUR BEST INTERESTS RE COVID-19 PLEASE READ AND TAKE ACTION
Dear
Valued Client/Landlord/ Property Investors and friends,
Good
afternoon. 😊
As
property owners, you are entitled to be supported by special regulatory protections
during the COVID-19 pandemic. The Government’s proposed protections ignore
our collective rights, take away our ability to derive critical income and
take away control over an asset we have worked so hard to acquire. We
strongly urge the Government to reconsider these damaging amendments, in
favor of protections that offer a better balance of security and stability to
property owners and tenants alike.
We
have below two REIQ templates as well below a concise letter for you, as a
valued client/property-investor and friend of LJ Gilland Real Estate to
choose which format you are comfortable with, and email to the Government
representative of your valuable investment property.
We
strongly believe that it is in your best interest to take action immediately
to request urgent intervention in this matter. Please note that we post
regular updates via our Facebook page so please check this page out as
regularly as you are able to do so with warm regards. The link to the
page is http://www.facebook.com/ljgrealestate
If
you own an investment property in QLD then this should concern you.
There
are three parts of the Covid 19 legislation that I have serious
concerns:
You need to take action now:
Be heard before 22 April 2020!
Everyone
matters in real estate – that’s why it’s important everyone is recognized
equally when it comes to the Palaszczuk Government’s COVID-19 residential
property proposals. For landlords in particular, now is the time for your
voice to be heard.
As
the peak body for real estate in Queensland, The REIQ supports the need for
tenant protection during COVID-19 however, we are fundamentally opposed to
some of the proposed measures. You should be too. As a landlord, you will
ultimately foot the bill if changes are not made to proposed amendments in
their current form.
Whether
you’re a landlord or real estate supporter, all it takes is a few simple
steps for change to take place:
STEP ONE: Copy-paste the appropriate
template letter provided of your choosing into an email.
(3)
Dear
insert name of your local member here A link to find your local state member
can be found here.
The
Real Estate Industry like most industries is in turmoil due to Covid19
(Coronavirus). The difference for our sector is the Labor Government has
released information without any legislative change which is throwing the
industry in further chaos, fear, and confusion. All parties (tenants, lessors
and property agents) to residential tenancy contracts are being heavily
impacted due to this.
We
write you to ask for your assistance and understanding as our state
representative in the Queensland Parliament and request urgent intervention.
Currently,
all we have are Government “words” on their new website called the “Hub”.
There has been no draft legislation released as at 15th April
2020 10am. The Government released the hub information on the 9th April
in the absence of any legislation. The State Government released
"HUB" link can be found here. This
is leading to confusion, fear, uncertainty and unnecessary disputes in
already trying times. We particularly make mention of the Q & A part of
the “Hub” relating to what tenants can do, and what lessor cannot. It is of
utmost concern and urgent attention is required as a representative of the
Government, regardless of political persuasion.
As
our state representative, can you please advise when the draft legislation
will be released? Will there be public consultation? We can be contacted on
the following details set out below and thank you for your urgent assistance
and attention to prevent another industry being significantly impacted during
these times unnecessarily.
Insert
your details etc
STEP TWO: Insert your name at the end
of the letter in your email.
STEP THREE: Copy and paste the following
subject header into your email: Urgent Review of Special COVID-19 Residential
Property Protections
STEP FOUR: Copy and paste Premier
Palaszczuk’s email address into the recipient area in your email: thepremier@premiers.qld.gov.au
STEP FIVE: Press send.
It’s
never been so simple to have your voice be heard. And because everyone
matters in real estate, spread the word and encourage others to have their
say and let’s all be heard together as one.
Now is the time to speak up
before Parliament sits on Wednesday, 22 April 2020 to introduce amendments.
Best
Regards
Linda
姬琳达珍 Debello (LREA)
(07)
3263 6085
0400 833 800 (Mob 1) 0413 560 808 (Mob 2) 0409 995 578 (Linda)
http://ljgillandrealestate.wordpress.com/
http://ljgrealestate.com.au/competitive-commission/ http://ljgrealestate.com.au/property-management/
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 and
confidential. If you have received this message in error, please notify us
immediately by return email. Thank you for your co-operation
|
RBA flags home loan arrears risk due to COVID-19
Indebted households with only small buffers risk their mortgage loans going into arrears if labour market dislocations continue due to COVID-19, the RBA has said.
Many Australian households who do not have significant financial buffers will find their finances under strain due to the measures implemented to contain the coronavirus, the central bank has warned.
In its April 2020 Financial Stability Review, the Reserve Bank of Australia (RBA) reiterated its stance that the level of household debt and higher house prices are enduring risks for the Australian financial system.
In the period ahead, as Australia faces the economic shock of the coronavirus pandemic, the RBA has warned that many households will struggle with their finances and mortgage payments.
While some households may be able to draw on significant financial buffers, including substantial mortgage prepayments, the RBA said many highly indebted households would have only small buffers.
These households would be more vulnerable to lost income.
“Repayment deferrals (‘holidays’) being offered by the banks and the government’s recently announced wage subsidy should both help avoid large increases in arrears,” the RBA said in its review.
“More generally, tightened lending standards over the past five years or so have improved the quality of outstanding household debt, while government income support policies and access to superannuation balances for the worst-affected households will cushion falls in household income.”
Most households entered this challenging period in good financial health, with surveys showing most households had enough liquid assets to cover basic living expenses and current obligations, such as mortgage and rent payments, for three months.
Households with mortgage debt usually had sizeable liquidity and/or equity buffers. Among these borrowers, over half of these loans had enough payments to service their loan repayments for at least three months.
However, the RBA stated there were certain segments of vulnerability before the pandemic, with some households having less liquidity to manage reductions in income.
“Surveys indicate that about one in five households only have enough liquid assets to get from one pay period to the next,” the RBA warned.
“These liquidity-constrained households are typically young, twice as likely to be renting and twice as vulnerable to unemployment compared with other households.”
Among households with mortgage debt, just under a third of mortgages have less than one month of prepayments, and about half of these are particularly vulnerable to a sudden and sharp drop in income.
Those households with limited liquidity buffers are much more likely to report facing financial hardship regardless of their age, income or labour force status.
For those with mortgage debt, a household member who loses their job or has their working hours reduced typically face greater financial strain.
The RBA warned that if labour market upheaval and associated debt serviceability issues prolonged, it could result in more mortgage loans entering arrears.
“Analysis based on loan-level data and historical relationships indicates that, for every one percentage point increase in the unemployment rate, the mortgage arrears rate increases by about 0.8 percentage points,” the RBA said.
“In response, the major banks have announced they will allow loan repayments to be deferred for up to six months to help home owners having difficulty meeting repayments.”
Renters don’t pose direct risk to banks
More than one-third of renting households typically report in surveys they have experienced financial stress in a given year, such as difficult paying bills or skipping meals.
The most vulnerable are those facing unemployment risk such as casual workers and those in industries most affected by the coronavirus containment measures, such as accommodation and hospitality services.
These workers are more likely to rent and more likely to have liquidity constraints.
However, increasing financial stress among renters does not pose direct risks to the banking sector because these households usually hold little debt.
“But they pose indirect risks if they have trouble paying rent and their landlords in turn have trouble making their own debt repayments,” the RBA said.
“Mortgage repayment deferment by lenders should reduce these risks for now.”
As part of the measures to cushion the blow on the economy from the coronavirus pandemic, governments have agreed to a moratorium on evictions for those tenants unable to pay rent due to a loss of income if they have lost their jobs.
[Related: Commercial rent relief code revealed]
Best Regards
Linda 姬琳达珍 Debello (LREA)
(07)
3263 6085
http://ljgillandrealestate.wordpress.com/
http://ljgrealestate.com.au/competitive-commission/
http://ljgrealestate.com.au/property-management/
http://ljgrealestate.com.au/competitive-commission/
http://ljgrealestate.com.au/property-management/Monday, April 13, 2020
Saturday, April 11, 2020
Thursday, April 9, 2020
Wednesday, April 8, 2020
Rental Values
Rental values
For the week ending 28 March 2020, the average weekly rent across Australia increased by 0.2% to $450 for houses and by 0.8% to $372 for units. Meanwhile, the average weekly rent across capital cities decreased by 1.6% to $557 for houses and by 0.7% to $438 for units.
Compared to the year prior, national weekly rents have increased by 1.6% for houses and by 1.4% for units. Meanwhile, capital city weekly rents have decreased by 0.2% for houses and by 0.9% for units.
Most capital cities across Australia recorded decreases in weekly rents for both houses and units in March. In contrast, Perth, Adelaide and Canberra recorded increases in weekly rents across the board.
Hobart still shows the strongest growth year on year with a 4.8% increase in weekly rents for houses and 12% increase in weekly rents for units. Further price breakdowns can be found here.
Vacancy rates
There are now 68,079 properties sitting vacant Australia-wide, bringing the national vacancy rate to 2% in February. This is 0.1% lower than the vacancy rate recorded for the month prior and 0.2% lower than the vacancy rate recorded for February 2019.
Across capital cities, almost all capital cities recorded a decrease in vacancy rates, with the exception of Adelaide where vacancy rates held steady at 1% from January to February, and Hobart where vacancy rates increased from 0.6% to 0.9% month on month.
Sydney surpassed Darwin and recorded the highest vacancy rate nationwide at 2.9%. In contrast, Hobart continues to maintain the lowest vacancy rate nationwide at 0.9%. This is followed by Adelaide and Canberra at 1%.
National Rental Vacancy Rates Decline in February
17 March 2020
New data released by SQM Research today has revealed the national residential rental vacancy
rate declined in February 2020 to 2.0% from 2.1% recorded in January, with the total number of
vacancies Australia-wide now at 68,079 vacant residential properties.
Most states recorded minor declines in vacancy rates with the exception of Hobart which
recorded a 0.3% increase. Adelaide remained stable at 1.0% vacancy rate.
Sydney has surpassed Darwin recording the highest vacancy rate in the country at 2.9%, having
dropped 0.3% basis points. Darwin sits at 2.7% with a 0.5% drop on last month. Canberra’s
vacancy rate has declined to 1.0% and Melbourne is now 1.9%.
The year on year comparison revealed a similar decline when the national rental vacancy rate in
February 2019 was 2.2% compared to 2.0% recorded for February 2020. Only Melbourne,
Canberra and Hobart recorded higher vacancy rates compared to this time last year.
City
Feb-19
Vacancies
Feb-19
Vacancy Rate
Jan-20
Vacancies
Jan-20
Vacancy Rate
Feb-20
Vacancies
Feb-20
Vacancy Rate
Sydney 22,396 3.2% 22,707 3.1% 20,815 2.9%
Melbourne 9,818 1.7% 12,229 2.1% 11,085 1.9%
Brisbane 8,611 2.6% 8,334 2.4% 7,530 2.2%
Perth 6,170 3.0% 4,337 2.1% 4,323 2.0%
Adelaide 2,197 1.2% 1,929 1.0% 1,953 1.0%
Canberra 502 0.8% 947 1.4% 651 1.0%
Darwin 1,161 3.7% 1,028 3.2% 879 2.7%
Hobart 133 0.4% 182 0.6% 267 0.9%
National 72,317 2.2% 72,422 2.1% 68,079 2.0%
SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to
the total number of established rental properties. SQM considers this to be a superior methodology compared to using a potentially
incomplete sample of agency surveys or merely relying on raw online listings advertised. Please go to our Methodology page for
more information on how SQM’s vacancies are compiled.
Managing Director of SQM Research, Louis Christopher said, "February marks the start to the
new year in the property industry and gives us a clearer picture of the rental market. The
decline in vacancy rates is a reflection of a seasonal increase in rental demand plus
ongoing decline in dwelling completions and the ongoing increase in population. We are
likely to record further declines in rental vacancy rates as 2020 progresses unless the
country enters into a prolonged economic depression.”
Asking Rents
Over the month, Capital City asking rents decreased 1.2% for houses and 0.2% for units for the
week ending 12 March 2020 to record asking rents of $562 per week for houses and $441 per
week for units. In comparison over the 12 months, asking rents increased 0.4% for houses
and remained steady for units.
Sydney, Melbourne, Adelaide and Canberra all recorded decreases in asking rents for both
houses and units over the month. Perth was the only city to record rent increases for both
houses and units, 0.1% for houses and 2.5% for units.
Page 2 of 2
Over the month, Darwin and Hobart managed small increases for house rents of 1.2% and
0.5% respectively but unit rents has fallen by 2.4% for Darwin and 1.4% for Hobart.
Brisbane recorded decreases in house asking rents of 0.4% but unit asking rents remained
stable.
SQM Research Weekly Rents Index
Week ending: 12 March 2020 Rent Change on
previous week
Rolling month
% change
12 month
% change
Sydney All Houses 702.0 -1.0 -0.8% -0.7%
All Units 500.4 -0.4 -0.3% -1.3%
Melbourne All Houses 550.8 -2.8 -0.5% 1.1%
All Units 422.6 -0.6 -0.2% 0.6%
Brisbane All Houses 469.4 -1.4 -0.4% 2.7%
All Units 378.7 0.3 0.0% 2.1%
Perth All Houses 447.8 0.2 0.1% 1.7%
All Units 344.6 3.4 2.5% 3.4%
Adelaide All Houses 406.9 1.1 -0.1% 3.1%
All Units 308.7 1.3 -0.4% 2.1%
Canberra All Houses 629.5 -1.5 -0.8% -2.4%
All Units 463.8 -0.8 -0.1% 1.9%
Darwin All Houses 460.2 3.8 1.2% -6.2%
All Units 362.2 -2.2 -2.4% -4.2%
Hobart All Houses 453.8 3.2 0.5% 3.7%
All Units 408.9 3.1 -1.4% 12.2%
National All Houses 450.0 1.0 -0.2% 0.7%
All Units 365.0 -5.0 -1.6% 1.4%
Cap City Average All Houses 562.0 -1.0 -1.2% 0.4%
All Units 441.0 1.0 -0.2% 0.0%
Source: www.sqmresearch.com.au
SQM’s calculations of vacancies are based on online rental listings that have been advertised for three weeks or more compared to the total
number of established rental properties. SQM considers this to be a superior methodology compared to using a potentially incomplete sample
of agency surveys or merely relying on raw online listings advertised. Please go to our methodology page for more information on how
SQM’s vacancies are compiled.
Key Points
National residential rental vacancy rate decreased in February 2020 to 2.0% from 2.1%
recorded in January, with the total number of vacancies Australia-wide now at 68,079 vacant
residential properties.
Most states recorded minor decreases in vacancy rates with the exception of Hobart which
recorded a 0.3% increase. Adelaide’s vacancy rate remained stable at 1.0%.
Sydney has surpassed Darwin recording the highest vacancy rate at 2.9%.
Over the month, Capital city asking rents decreased 1.2% for houses and 0.2% for units for
the week ending 12 March 2020 to record asking rents of $562 per week for houses and
$441 per week for units.SQM Research Managing Director Louis Christopher said "February marks the start to the new year in the property industry and gives us a clearer picture of the rental market. The decline in vacancy rates is a reflection of a seasonal increase in rental demand plus an ongoing decline in dwelling completions and the ongoing increase in population. We are likely to record further declines in rental vacancy rates as 2020 progresses unless the country enters into a prolonged economic depression.”
Queensland: State Treasurer Jackie Trad has pledged that the QLD government will backdate the eviction moratorium to 29 March and has announced emergency rental assistance payments of up to $500 a week for up to four weeks
In March, the effects of the global coronavirus crisis rippled through the Australian property market. The RBA made an out of cycle decision to cut the cash rate to the effective lower bound of 0.25% and the Australian government banned public auctions and open house inspections before announcing a six-month moratorium on rental evictions.
Property prices
In March, the national asking price rose 0.2% for houses and units. Across capital cities, house prices rose 0.7% and unit prices recorded a 0.6% increase.
Year on year, this reflects a 5.3% increase in house prices nationwide and a 4% increase in unit prices nationwide. Across capital cities, this reflects an 8.8% increase in house prices and a 2.1% increase in unit prices.
Sydney, Melbourne, Perth and Darwin recorded increases in asking prices for both houses and units. Conversely, Brisbane recorded an overall decline in property prices compared to the month prior.
http://ljgrealestate.com.au/rental/10a-karawatha-street-springwood-qld-4...
This Modern 3 Bedroom Low-set Home Features:
•3 Carpeted Bedrooms With Ceiling Fans & Built-Ins.
•Air- Conditioned Master Bedroom has En-suite & Built-In.
•Air-Conditioned Tiled Open Plan Lounge/ Dining/ & Kitchen Area.
•Kitchen has Stainless Steel Appliances including dishwasher & Electric Cook Top.
•Study Nook.
•Master Bathroom.
•Laundry.
•Double Remote Garage.
•Covered Alfresco Area.
Other Features:
•Security Screens.
•Fully Fenced & Landscaped.
$425 per week Available 14th April 2020
PLEASE TEXT 0400 833 800 IF YOU WISH TO VIEW THE PROPERTY AND OUR AGENT WILL TEXT YOU A TIME TO VIEW.
** OUR NEW STEPS FOR GETTING YOU INTO YOUR RENTAL HOME
VIRTUALLY INSPECTING AND APPLYING
1. Head to our YouTube channel https://youtu.be/J_mu-BDZv4o and view the walk-through video we have put together for you. Where there is no video loaded this means this property is tenanted and tenants have either been in self-quarantine or have declined to have their home videoed.
2. Submit a full tenancy application as normal ALL PROPERTY ENQUIRIES ARE TO BE SUBMITTED THROUGH THE WEBSITE HTTP://WWW.LJGREALESTATE.COM.AU BY CLICKING “EMAIL AGENT”
If applying for this property using 1Form, please email to admin@ljgrealestate.com.au, alternatively,
download a rental application from http://ljgrealestate.com.au/rental-application/ 3. Should your application reach the final step before approval only if permitted by legislation and when agreed to a private inspection may be arranged
PRIVATE INSPECTION STEPS (ONLY WHERE & IF POSSIBLE)
1. Submit enquiry through http://www.ljgrealestate.com.au with a maximum of 2 people per registration
2. When you arrive on site maintain the social distancing rule of a minimum of 1.5m if there are any other people in close proximity
3. Wait until waived over to enter the property by our representative
4. PLEASE KEEP your hands in your pockets and do not touch anything in the home during your inspection, unfortunately where lights are not on or cupboards and doors are not open they cannot be touched at this time
5. Please understand no marketing or how to apply materials can be handed, however, our representative will be happy to answer any questions they can and we can always assist on you on email at ADMIN@LJGREALESTATE.COM.AU
**COVID-19 RESPONSE – At LJ Gilland Real Estate we are contact conscious. The health and wellbeing of our members and our customers is of paramount importance to our company. If you answer yes to any of the below questions, we ask that you request someone else to view on your behalf or consider the virtual options available to you. Have you or anyone in your home or anyone you have been in recent contact with:
* Recently been on a plane or returned from overseas
* Currently self-isolating for any reason
* Experiencing a fever, cough, fatigue, sore throat or any other symptoms on COVID-19
We ask you to be contact conscious with us and look forward to continuing to provide our customers with great service and excellent outcomes
Here to help you every step of the way
Best Regards
Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
Debello LREA推荐书LJ Gilland房地产
http://ljgrealestate.com.au/testimonials/ “Your Local Property Management & Sales Specialists”
http://www.facebook.com/ljgrealestate
http://ljgrealestate.com.au/rental/10a-karawatha-street-springwood-qld-4127/
Nothing is too far from Springwood, a nice leafy suburb with the Springwood forest park, great shopping nearby, excellent primary schools and the unlimited lifestyle amenities. Springwood is a suburb of Logan City, Queensland, about 21km from Brisbane’s CBD. Springwood is flanked on the west by the expressway leading to the Gold Coast, and by the Daisy Hill State Forest to the east.
Springwood is a hub of activity, with a major bus station, hotels, large takeaway chains, two state primary schools, a state high school, a campus of Calvary Christian College, a public library, shopping malls, ambulance, fire and police stations and many places of worship.
Most commercial activity in Springwood is based around the ‘town centre’ in the suburb’s north-west, along the Pacific Motorway. Its neighbouring suburb Daisy Hill State Forest is 435ha of open eucalypt bushland. It features horse-riding, mountain bike trails, walking tracks and a picnic reserve. The park is rich in native flora and fauna and supports a large koala population.
There are numerous children’s parks and restaurants in the area.
*Important* Whilst every care is taken in the preparation of the information contained herein, L J Gilland Real Estate Pty Ltd will not be held liable for any errors in typing or information. All information is considered correct at the time of printing. Any interested parties should satisfy themselves in this respect.
http://www.facebook.com/pages/LJ-Gilland-Real-Estate-Pty-Ltd/169194919788253
http://www.ljgrealestate.com.au
Subscribe to:
Posts (Atom)