Growth standouts over the past year have been Brisbane (27.02%), regional NSW (26.85%), and the ACT (26.4%), with regional Queensland (23.35%) also performing strongly.

Australia’s rampant home price growth slowed further in March, lifting by 0.34%, the slowest pace of growth since May 2020, according to the PropTrack Home Price Index. The PropTrack Home Price Index is an Australia-first monthly revised residential property price index just launched by REA Group’s data business, PropTrack, to deliver timely insights on home prices and market trends. The report found monthly price growth was highest in South Australia (1.03%), with Adelaide (0.84%) the top performer of the capital cities. Prices fell slightly in Melbourne (-0.02%) while larger falls have been recorded in Perth (-0.11%) and the Northern Territory (-0.13%). Findings also showed that regional areas continue to outperform the capitals in the post-pandemic market, with prices rising 25% in the past year in regional areas, compared to only 16% in the capitals. Growth standouts over the past year have been Brisbane (27.02%), regional NSW (26.85%), and the ACT (26.4%), with regional Queensland (23.35%) also performing strongly. “Home price growth has slowed considerably in 2022,” said Paul Ryan, PropTrack economist and report author. “The increase in prices across the country in March 2022 was at the slowest pace since May 2020, after national pandemic lockdowns. While price growth has slowed dramatically, it is comparing to an exceptional period – 2021 saw the fastest growth in over 30 years. In March, regional areas continued to benefit from relative affordability and preference shifts towards lifestyle locations. Regional areas in all states outperformed their capital city region.” Ryan said the easing in price growth reflects the reduced influence of lower interest rates. And with fixed mortgage rates expected to rise further as RBA increases the cash rate, probably later in the year, “the outlook for price growth remains subdued, with the speed of official interest rate hikes the big unknown for the market in 2022.” Source Broker News Best Most Recent Sale Brisbane Wide:- #VENDOR FIVE STAR REVIEW RECEIVED 10TH MARCH 2022 ⭐️⭐️⭐️⭐️⭐️ Excellent - above & beyond expectations Linda and her team have managed our investment property from Day 1. They have been totally organized, prompt and responsive to any requests during the rental period. Excellent vetting of tenants, with proactive management of the property. 12 months ago we were ready to sell, however Linda's guidance and advice suggested we should wait - which we did. Recently we decided to sell - that advice gained us an additional, yes additional, 60% over what we would have achieved previously. Very happy with her professionalism, knowledge & guidance. ⭐️⭐️⭐️⭐️⭐️ Carlos and I are very appreciative and thankful for your kind words. As a team, LJ Gilland Real Estate were privileged to look after your Investment Property, treating it as if it was our own. Please stay in touch with us for many more years as our relationship is more than just the long term business, it's a loyal trusting friendship. Thank you. https://www.ratemyagent.com.au/real-estate-agency/lj-gilland-real-estate/property-listings/26-daryl-reinhardt-st-redbank-plains-afxszs #BUYER FIVE STAR REVIEW FOR 26 DARYL REINHARDT ST, REDBANK PLAINS RECEIVED 19TH MARCH 2022 We certainly are happy customers Carlos and his wife were very helpful. I bombarded them with lots of questions and they had excellent knowledge of the property we were interested in. I am sure I was quite a complicated client . I had no experience in buying a property. Carlos is a great communicator, kept in regular touch by phone or internet and guided me through. We are very happy with the property and the process. Thank you !! Verified by RateMyAgent https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/26-daryl-reinhardt-st-redbank-plains-ab1eip

KADINA ST, THE GAP, QLD - UNDER CONTRACT BY LJ GILLAND REAL ESTATE PROPERTY MANAGEMENT AND SALES

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REDBANK PLAINS! INVEST OR NEST! 10 COLANE ST - LJGREALESTATE.AU

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REDBANK PLAINS! INVEST OR NEST! 10 COLANE ST - LJGREALESTATE.AU

⭐️⭐️⭐️⭐️⭐️

Excellent - above & beyond expectations

Linda and her team have managed our investment property from Day 1. They have been totally organized, prompt and responsive to any requests during the rental period. Excellent vetting of tenants, with proactive management of the property. 12 months ago we were ready to sell, however Linda's guidance and advice suggested we should wait - which we did. Recently we decided to sell - that advice gained us an additional, yes additional, 60% over what we would have achieved previously. Very happy with her professionalism, knowledge & guidance.

⭐️⭐️⭐️⭐️⭐️

Carlos and I are very appreciative and thankful for your kind words. As a team, LJ Gilland Real Estate were privileged to look after your Investment Property, treating it as if it was our own. Please stay in touch with us for many more years as our relationship is more than just the long term business, it's a loyal trusting friendship. Thank you.

 https://www.ratemyagent.com.au/real-estate-agency/lj-gilland-real-estate/property-listings/26-daryl-reinhardt-st-redbank-plains-afxszs 

#buy #buy #buy #affordable #housing #the-great #southeast #brisbane-wide #property #professionals #ljgrealestate 

Please check out this #great #buy in #redbank #plains

http://ljgrealestate.com.au/property/26-daryl-reinhardt-street-redbank-plains-qld-4301/

#testimonials #property-investors #valued #landlords #referrals over 22 years #word-of-mouth #family #realestate

Rental house property management and sale.

Vendor Review - Recommended by HowardJeanelyTatters

15 Feb 2017

Ten years we had our rental property, L.J Gilland managed it, in all that time we never had a bad renter in our house because the applicants were carefully chosen. When it came time to sell, we had L J Gilland to handle the sale, they did low cost advertising because they have a large data base of investors who they contacted about our house which gave us a quick sale and at a price we were very happy with.

No hassle agency

Buyer Review - Recommended by AbidRasheed

22 Feb 2017

Very responsive, prompt and easy to deal with. Don't try try to overdo things and quite

11 Reynolds Cl, Redbank Plains, QLD, 4301

https://www.ratemyagent.com.au/real-estate-agent/lj-gilland-real-estate/reviews/11-reynolds-cl-redbank-plains-aafwtr

https://www.ratemyagent.com.au/real-estate-agent/lj-gilland-real-estate/reviews/11-reynolds-cl-redbank-plains-aafu86

The Australian housing market delivered overall capital growth of 381.2% between December 1991 and December 2021, slightly higher than growth in the All Ordinaries index (371.1%) in this new report from @Aussie 👉 ow.ly/tBTB50IpV2N 

#housingmarket #investing #property

Density increases, using super to purchase property and stamp duty reform are among the 16 recommendations from the Federal Government’s latest inquiry into housing affordability and supply. Here's what it means 👉ow.ly/ov0L50IpPms #housingaffordability #buildtorent

Queensland Rental Laws

Queensland

Budget 2021-2022 update outlines proposed land tax changes for interstate asset holders

The Queensland Treasurer has indicated in his 2021-2022 budget update that the State Government will seek to reform the current land tax system to take into account a landowner's total national taxable land value when determining the appropriate tax rate to apply to the Queensland proportion of the value of the individual or entity's landholdings.  

Currently Queensland land tax rates are based on landholdings in Queensland.  Under the proposal landowners with significant holdings in other States may be required to pay higher rates of land tax.

The existing exemptions will continue to apply, including principal place of residence and primary production landholdings.

These reforms are currently only a proposal and commencement will be subject to the State Government passing the appropriate legislative amendments.

QLD: Update to the REIQ residential contracts

On 20 January 2022, the REIQ released a new version of the:

• Contract for Houses and Residential Land (17th ed); and
• Contract for Residential Lots in a Community Title Scheme (13th ed).

Key changes to the REIQ Contracts include:

• the inclusion of a settlement extension regime which permits either party to extend the Settlement Date by up to 5 Business Days without requiring the other parties agreement;
• a requirement for the Seller to have compliant smoke alarms installed, failing which the Buyer can withhold 0.15% of the Purchase Price at Settlement; and
• the amendment to the definition of "Business Day" to exclude a date where both the Sydney and Melbourne offices of the Reserve Bank of Australia are closed

A detailed Insights article on the changes will be published shortly.

QLD: Housing Legislation Amendment Act 2021: remaining provisions proclaimed to commence on 1 October 2022

The Housing Legislation Amendment Act 2021 passed in October 2021 provided for a phased introduction of changes to the Residential Tenancies and Rooming Accommodation Act 2008 (RTRA).

The reforms were introduced with the intent of improving safety, security and certainty for the Queensland rental market and amended the RTRA to provide for:

• early termination options for people experiencing domestic and family violence;
• a framework for parties to negotiate renting with pets;
• changes to the grounds under which a party may end a tenancy; and
• the inclusions of minimum housing standards.

The provisions enabling early termination for persons experience domestic and family violence commenced on 20 October 2021.

The balance provisions have now been proclaimed to come into effect on 1 October 2022, excluding the minimum housing standard which will apply to new leases entered into from 1 September 2023 and all tenancies from 1 September 2024. In the interim, strengthened repair and maintenance obligations will commence from 1 October 2022.

COLANE WALK THRU 2022 03 20 22 11 15

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Northlakes built by LJ Gilland Real Estate

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