2008 has not been a bad year for Australian properties. It has at least proved that real estate is a lower risk asset.
Growth update :
According to Residex Research, for the year to November 2008, housing assets across Australia showed a modest rate of growth of 2.97% for houses and 3.94% for units. This is notable considering the share market adjusted down about 40% in value.
Residex Research said in December 2008 that , "... you can be quite confident that investments in housing, provided you select correctly and pay the right price, will produce a total positive return of something better than 9% p.a. In the current economic climate this is an excellent outcome."
As at September 2008, both Sydney and Melbourne's vacancy rate was 2.3%. Brisbane was 1%.
Rentals are expected to continue to increase from undersupply and increasing population. With interest rates falling, this will improve cash flow for investors.
Matusik Research carried out a recent survey for tenants ( from a sample of young couples under 35 years old [60%], followed by young singles [30%] and couples with young children). Close to 70% rent an apartment. When looking for a place to rent, location is the No.1 selection criteria - near work, public transport and facilities such as shopping. No. 2 is the quality of the building or development. No.3 is the design - size, number of bedrooms, yard or balcony area. The actual rent ranks No.4 on their list of priorites. No.5 is security and quiet immediate neighbourhood. No. 6 is the view.
Population update:
Australia's population size of 21 million people is ranked 55th in the world. Australia's population increased by 359,0000 during 2007/08 and 91,400 persons during the last three months. The 2007/08 increase is the largest annual total growth figure since the ABS started keeping regular population figures in 1971.The current annual growth rate of 1.71% is the fastest growth rate since 1989.
Sydney has the most people with over 4.3 million, next is Melbourne with over 3.8 million and Brisbane with over 1.8 million.
International buyers invested into 1,495 properties in Queensland last financial year worth $621 million. The most popular location was the Gold Coast, which attracted $297 million in foreign spending, followed by Brisbane with $117.6 million and the Sunshine Coast with $54.2 million. Astute and savy foreign investors will continue to seize further opportunities in a weaker Australian dollar to allocate funds into Australian real estate. Australia is considered a safe and transparent environment for foreigners to invest in real estate.
Brisbane to get its own Metro.
A plan for a state-of-the-art rail network, 45m below the Brisbane CBD and surrounds, has been announced by the Queensland Government. The 'Metro'style project involves several new underground river crossings, 13km of tunnels and underground train stations as prime options in a plan to give Brisbane a worldclass 21st century subterranean rail network. The underground rail project will cost up to $14billion with the south to north corridor to be delivered by 2016 and the west to north corridor line constructed by 2026.
Opportunities.
Our selection of properties emphasise the potential for capital growth as well as strong and increasing rental income.
Quality, Prime, Waterfront, CBD convenience, Infrastructure and Well-priced . Economically affluent tenants.
They are also affordable investment properties requiring a monthly cash commitment based on your affordability. We want to make it possible for our clients to have the best.
In the Highlights below, we show you some Compelling Opportunities now available :
Silvershore on Broadwater : $25,000 rebate for a limited time
Southport Central Tower 2 CBD Gold Coast : only 2 remaining onebed plus study . Next new stock in Tower 3 will be $70,000+ higher.
Sphere Stage 3 Southport. Only 1 remaining. Prices are higher in Stage 4.
Town Centre Emerald Lakes : Waterfront , golf course, close to Gold Coast CBD, visionary mixed use development : $349,000. SOLEIL CBD Brisbane : completing 2011, the only new CBD stocks from now to 2011.
May I wish you and your family a Happy and Prosperous 2009. I am most honoured to be of service to you and sincerely wish to thank you for your support and trust.
Yours Sincerely,
Mobile : 0430 198 389( outside Australia +61430 198 389) Tel : 07 33600 808 ( outside Australia +617 33600 808 )
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