0.5% increase in Brisbane.

Australia Home Prices Fall, Dragged Down by Sydney, Melbourne

Australian house prices fell for a fifth month, as declines in Sydney and Melbourne outweighed a nascent recovery in the rest of the country.

House values in major cities dropped 0.2% last month, CoreLogic Inc. data released Thursday showed. Prices in Melbourne, which is in its third month of lockdown after a resurgence in coronavirus cases, declined 0.9% last month, to be down 5.5% since the pandemic started.

In Sydney, prices fell 0.3% in September. Home values rose in the rest of the country, where virus restrictions are not as stringent, led by a 0.8% gain in Adelaide and a 0.5% increase in Brisbane.

“Unsurprisingly, the markets where the virus has been well contained and economic activity is less restricted are faring the best,” said Tim Lawless, head of research at CoreLogic. “At the other end of the spectrum, the considerably weaker conditions across Melbourne provide an example of the impact of severe restrictions.”

The outlook for the property market is evenly balanced between emerging headwinds and tailwinds, Lawless said. For buyers, borrowing has never been cheaper with interest rates at record-lows. A relaxation of lending regulations may allow easier access to credit.

“The aggregate effect of low mortgage rates, and the prospect that rates could fall further, low inventory levels, government incentives and improving consumer sentiment seems to be outweighing the negative economic shock brought about by the pandemic,” Lawless said.

On the other hand, the winding down of government support for people who have lost their jobs, and a likely rise in forced or distressed sales in coming months as mortgage holidays come to an end could weigh on prices, he said.

#LOGAN VILLAGE$575 PER WEEK AVAILABLE SHORTLY FOR #LEASE

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#LOGAN VILLAGE $575 PER WEEK AVAILABLE SHORTLY FOR #LEASE http://ljgrealestate.com.au/property-management/ Airconditioned 5 Bedroom home situated on 8,629 sqm in the family friendly suburb of Logan Village

 

#LOGAN VILLAGE 

$575 PER WEEK AVAILABLE SHORTLY FOR #LEASE  http://ljgrealestate.com.au/property-management/
Airconditioned 5 Bedroom home situated on 8,629 sqm in the family friendly suburb of Logan Village, this neat and tidy lowset home is the perfect place to relax, unwind and escape from the noise.

Property Features Include;

** TILED ENTRY & HALLWAY

** FORMAL LOUNGE WITH FIREPLACE

** AIRCONDITIONED MASTER BEDROOM WITH WALK IN ROBE

** ENSUITE

** DINING ROOM

** SPACIOUS GALLY STYLE KITCHEN IN THE HEART OF THE HOME WITH MICROWAVE; DISHWASHER; HUGE FRIDGE SPACE; HUGE PANTRY AND WINE CUPBOARD.

** FAMILY ROOM

** BED 2

** BED 3

** BED 4

** BATHROOM TOILET

** BATHROOM

** LAUNDRY

** AIRCONDITIONED TILED RETREAT WITH HUGE WALK-IN ROBE

** GARAGE (SUITABLE FOR 3 LARGE VEHICLES; ONE SMALL VEHICLE OR TRAILER PLUS OFFICE SPACE)

** BOATSHED OR CARAVAN SHED

** OUTDOOR ENTERTAINMENT AREA WITH PIZZA OVEN AND WOODEN TABLE COMPLETE WITH ICE-         COOLER

** COVERED HUGE DECK

** CEILING FANS THROUGHOUT

** SOLAR PANELS

** WATER TANK

** SOLID BRICK VENEER CONSTRUCTION HOME

 

** NEARBY SCHOOLS

 

King's Christian College - Chambers Flat Campus

1.09km

Chambers Flat 4133

 

Logan Village State School

1.28km

Logan Village 4207

 

St Clare's Primary School

3.14km

Yarrabilba 4207

 

Yarrabilba State School

3.19km

Yarrabilba 4207

 

Yarrabilba State Secondary College

3.89km

 

Close to everything with local schools, shops and public transport all only minutes away! A short drive to the M1 motorway, Brisbane CBD 30 mins away, Gold Coast Beaches 30 minutes away.

Best

 

LJ Gilland Real Estate Pty Ltd

Debello LREA推荐书LJ Gilland房地产
http://ljgrealestate.com.au/testimonials/

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Updated Australian property forecasts, expecting a serious boom in the coming years. Brisbane prices will soar 20% by 2023, Westpac say.

 

• Westpac has updated its property forecasts, expecting a serious boom in the coming years.
• The bank’s economists expect prices to fall nationwide by just 2.3% more to June before booming to 2023.
• Fuelled by low-interest rates and record economic support, chief economist Bill Evans and Matthew Hassan expect some capital cities to boom by as much as 20%. The bank's economists expect prices to fall nationwide by just 2.3% more to June before booming to 2023.
  
  
  

Sky-high Australian property prices are not only set to live another day, they’re bound to go higher still, the country’s second-biggest bank predicts.

On Thursday Westpac broke ranks with the other big four banks to lay down its latest thinking, expecting the property market to get through the pandemic relatively unscathed before booming.

Months ago Westpac predicted national prices to fall by 10% and to recover a little more than 8% by 2022. However this week, chief economist Bill Evans and senior economist Matthew Hassan noted their expectations had improved as the market showed resilience.

Instead, national prices will eventually decline 5%, or 2.3% more, to June, according to the pair. A locked-down Melbourne will lead the pack lower, shedding 12%, followed by 5% in Sydney, and 2% in Brisbane, while Perth won’t budge and Adelaide will actually lift 2%.

(Westpac, Business Insider Australia)

It’s a far more optimistic view than the ones held Australia’s other major lenders. This week the Commonwealth Bank upgraded its outlook to expect a 6% fall followed by a recovery roughly half the strength of the one expected by Westpac. ANZ meanwhile remains more pessimistic, maintaining 15% falls are still possible.

Westpac expects some capital city prices to soar by 20%

However, while price falls are expected to be more modest, it’s the resurgence that Westpac expects in the coming years that is more spectacular.

Some distressed selling will occur in June and September, the economists expect, as mortgage deferrals expire in March. But once overstretched borrowers have left the market and prices decline, especially in inner-city areas, the market is forecast to boom.

“We expect price increases over that 2021–23 period of 15% [or] around 7.5% per year,” Evans and Hassan wrote.

“This recovery will be supported by sustained low rates, which are likely to be even lower than current levels; ongoing support from regulators; substantially improved affordability; sustained fiscal support from both federal and state governments; and a strengthening economic recovery, (particularly once a vaccine becomes available, which we expect in 2021).”

Specifically, they see prices jumping 14% in Sydney, 12% in Melbourne, 20% in Brisbane, 18% in Perth and 10% in Adelaide.

In other words, if Westpac’s forecasts come to be, Melbourne prices would return to pre-pandemic levels by 2023, while the other capitals will actually be far more expensive.

“On the basis of those increases we would see affordability modestly worse than long-run averages for the nation as a whole, with the advantage enjoyed by the smaller states diminishing,” the economists wrote.

In fact, it could prove even worse for the have-nots, Westpac says, maintaining the boom could be even bigger than it expects, based on the “psychology of the market”.

In layman’s terms, if buyers believe the market will boom, by piling in they will only push prices higher still.

Its own prediction will do little to discourage that.

推荐书LJ Gilland房地产 SPANISH AND CHINESE SPEAKING PROPERTY PROFESSIONALS! WORD OF MOUTH AND CLIENT REFERRAL PROPERTY PROFESSIONALS ESTABLISHED 1996.
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AT A GLANCE
• Property management & Sales of Tenanted Investment Properties is our Speciality – Core Business.
• Individual solutions to fit our client’s needs
• Body corporate management
• Competitive Commission Rates
• LET FEE FOR REFERRALS, We are a business built on 20 years of Referrals.
• NO Lease Renewal & Comparable Market Analysis’ Fees/Charges
• PHOTOS TAKEN ON ENTRY, tenants are shown about safety switches and water mains etc. We meet all tenants on site.
• Hands-on approach to all Property Investment Management Matters.
Dedicated to implementing best practice, achieving set goals and encompassing a consistent approach to quality management and making effective use of all available technology. We recognize that tenants are customers too, treating them with any sort of disrespect would be detrimental to all property investors. It is all about Attitude. We aim to remove the hassle from Sales & Rentals.

Six Months How are House Prices Fairing

BAJO CONTRATO DE Linda 姬 琳达 珍 y Carlos

http://ljgrealestate.com.au/testimonials/ 推荐 书 LJ Gilland 房地产 ¡PROFESIONALES DE PROPIEDADES QUE HABLAN ESPAÑOL Y CHINO! PROFESIONALES DE LA PROPIEDAD DE PALABRA DE BOCA Y CLIENTE ESTABLECIDO EN 1996.
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#propertymanagement #propertymanagers #propertymarketing #competitive #commission #win #win #relationship #happyvendor #happytenant #resultdriven #gratitudeattitude LindaandCarlos Debello Linda J.姬琳达珍 Gilland (Debello) Linda-Jane 姬琳达珍 Gilland(Debello)

https://ljgilland.blogspot.com/2020/07/property-investor-testimonials.html

18 Bishop Court, Lawnton, Qld 4501 https://www.realestate.com.au/property-house-qld-lawnton-133738778

LJ Gilland Real Estate has been involved with the complete Lawnton Development as Investors ourselves since inception and we have had few tenants in 18 Bishop and for example, we have had the same tenant in place at 12 Bishop since new, achieving a great comparable rent. http://ljgrealestate.com.au/property/18-bishop-court-lawnton-qld-4501/

4 38 Beneke St, Chermside QLD 4032 - LJ Gilland Real Estate

BAJO CONTRATO DE Linda 姬 琳达 珍 y Carlos

http://ljgrealestate.com.au/testimonials/ 推荐 书 LJ Gilland 房地产 ¡PROFESIONALES DE PROPIEDADES QUE HABLAN ESPAÑOL Y CHINO! PROFESIONALES DE LA PROPIEDAD DE PALABRA DE BOCA Y CLIENTE ESTABLECIDO EN 1996.

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DE UN VISTAZO

• La administración de propiedades y las ventas de propiedades de inversión arrendadas es nuestra especialidad: negocio principal.

• Soluciones individuales para adaptarse a las necesidades de nuestros clientes

• Gestión de órganos corporativos

• Tasas de comisión competitivas

• PERMITA LAS REFERENCIAS. Somos un negocio construido sobre 20 años de referencias.

• SIN Honorarios / Cargos por Renovación de Arrendamiento y Análisis de Mercado Comparable

• FOTOS TOMADAS EN LA ENTRADA, se muestra a los inquilinos sobre los interruptores de seguridad y la red de agua, etc. Nos reunimos con todos los inquilinos en el lugar.

• Enfoque práctico de todos los asuntos de gestión de inversiones inmobiliarias.

Dedicado a implementar las mejores prácticas, lograr los objetivos establecidos y abarcar un enfoque coherente para la gestión de la calidad y hacer un uso eficaz de toda la tecnología disponible. Reconocemos que los inquilinos también son clientes, por lo que tratarlos con cualquier tipo de falta de respeto sería perjudicial para todos los inversores inmobiliarios. Se trata de Actitud. Nuestro objetivo es eliminar la molestia de Sales & Rentals.

http://ljgrealestate.com.au/property-management/

Why doesn’t superglue stick to its tube?

Strong adhesives such as superglue don’t stick to their tubes because of the absence of water in the tubes. The polymerisation reaction making the adhesive solidify is actually caused by water, which is why tubes are designed above all to not let in any humidity. That’s also why adhesives can also quickly stick to fingers or any other part of the human body, for skin is made up partly of water. 

Source : Secouchermoinsbête

The perils and pitfalls of renting out a room

If you thought renting out a room was a simple way to make money, you’ve clearly not kept up with Australia’s tax regime. 

The only thing missing from the ATO’s mathematical paroxysms on the subject are some logarithms and a side order of fries. 

With people across the country looking for new ways to generate income as employment dries up and the economy submerges into a deep recession, some homeowners have turned to their biggest asset as a potential life buoy. 

Renting out a spare room or forsaking the home office to get a tenant in on a short or longer term basis seems like a fairly straight forward way of earning some extra dollars. 

But Australia’s tax system is regarded as one of the most complex in the world, as any expatriate or overseas resident who has completed a comparatively simple tax return elsewhere can attest. 

Illustrating the point is the way in which the seemingly benign decision to rent out that room sends the Australian Taxation Office into a routine more complex and far less attractive than a rhythmic gymnast’s floor routine. 

To make things easier for those who are struggling to make ends meet and subsequently have to invite strangers to live in their home, page 15 of the ATO’s 19-page renter’s toolkit does its best to clarify the process.

Ominously, the ATO toolkit has a footnote in bold warning that “This is a general summary only”. Presumably there are Jedi Knights equipped to delve into the murkier depths of the tax obligations based on the humble act of renting out a room.

Anyway, once you’ve cleaned up your tenant’s breakfast dishes and contended with the above, there’s still (quite) a few other factors to consider. 

The tax office also wants a piece of the following from you – all income before fees and commissions; insurance payouts, e.g. compensation for damage caused by renting; bonds or security deposits you become entitled to retain; and letting and booking fees you charge, including cancellation fees.

But if bringing the ATO on board as an invisible additional tenant (who also won’t wash your dishes) has derailed your plans, there is still some smudgy light breaking through the taxulus not-very-nimbleus clouds. 

You may (and a tax scientist will be your best bet for determining this each-way bet) be able to claim council rates; interest on a loan for the property; electricity and gas; property insurance; cleaning (presumably not the dishes); maintenance costs; fees or commission charged by the platform; and other expenses that directly relate to the earning of your rental income. 

But there’s a catch. There’s usually a catch with the ATO. How much of the expense you can claim will depend on the number of days you rent out the room or whole property during the year and the portion of the property you have rented out (e.g. a room or the whole property).

It might still all be for nothing

So you’ve decided, “To hell with it, I need some money and don’t care about the backroom chap holding a rave in the spare room at 11am on a Tuesday”. 

Before you get too excited, it’s worth weighing up the fact that you may have legally handed over any claim to the house actually being entirely yours, for tax purposes at least. 

If COVID-19 has taken your job, you may have decided to sell your house. Panic not – the ATO is here to help again. And by help, I mean help take your money so politicians can retain their 15.4 per cent superannuation while unabashedly considering denying workers any rise to their less deserving 9.5 per cent.

You ordinarily don’t pay capital gains tax (CGT) when you sell your own home. But renting out a room renders you extraordinary, although not in a superpowers kind of way. More in a 'whatever I do I have the special ability to never quite get ahead' kind of way. 

The reality is that if you’ve rented out the spare room, you may take a hit by paying tax on any profit you might make on its sale. The calculations and variables are again opaque, but the ATO helpfully provides a Capital gains tax property exemption tool and – I’m not making this up – 666 introductory words of explanation. The devil is obviously in the detail.

The ATO kindly concludes on its renters’ website, “For more information, speak with your tax agent.”

You might as well get onto it now. The dishes can wait. 

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/

Request FREE Rental Appraisal here!

"Your Local Property Management & Sales Specialists"

PO BOX 19
ZILLMERE 4034
电话：07 3263 6085 

.
Review submitted by Rod & Kathy Jarrett (vendor) on 07 May 2020 https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/18-evergreen-st-ormiston-aast11 Verified by RateMyAgent https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/18-evergreen-st-ormiston-aasre4

Very recently we rented this Caboolture home without advertising, START <To everyone at L J Gilland Real Estate and review readers,

 

Over the past 3 years we have been 'customers' after referral from a work colleague.

As a current customer, we can recommend the services of this real estate.

Why we hear you say?

Well - when they make a time to meet, they are there on time.

Communications - both in person and via Emails are professional, courteous and respectful.

Legals - staff are aware of the laws relating to rentals - for both owners and tenants. This is very important with recent 'Covid 19' alterations to the laws.

Carlos and his workshop on wheels can be relied upon to fix all those 'little things' that make a difference (without overpriced charges) - which is truly appreciated.

Value - In comparison to other companies, you can't go wrong.

 

In a nutshell, this is a team who 'know the ropes', who care for your property for you, who present it and promote it in a professional way, who observe and follow laws related to rental.

Thank you for reading

Sincerely

Bob and Carole

Morayfield

 

 

LJ Gilland Real Estate Pty Ltd would love your feedback. Post a review to one of our profiles i.e. https://g.page/ljgrealestate/review?gm

 

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The September 2020 issue of the Chart Pack has been released – bit.ly/2SrHmk9

The September 2020 issue of the Chart Pack has been released – bit.ly/2SrHmk9