English Style Cottage and Flat
Cambewarra - NSW - Charming newly renovated 2 storey English style cottage consisting of 3 bedrooms plus study, built in robes, dormer windows, exposed beams, 2 bathrooms, tile and timber floors, slow combustion fireplace, reverse cycle air conditioning, plenty of storage, security system.
Separate 2 bedroom garden flat with excellent tenant.
Block 1065m2, above ground pool and deck, rear verandah looking over reserve, workshop, irrigated gardens, 2 parking spaces.
>>> TO VIEW THIS PROPERTY CLICK HERE <<<
Australia ranked among best performing property markets
Australia’s property markets emerged as one of the top performers during the third quarter of 2009, trumping most housing markets in the leading economies according to the latest ranking by Global Property Guide. (http://www.globalpropertyguide.com).
Australia’s housing markets recorded a solid price increase of 4.9% year-on-year to end-Q3 2009 with Darwin racking up the biggest growth in prices according to the report. Melbourne and Canberra also recorded strong price gains.
“The upsurge appears to have been partly fuelled by a genuine housing supply shortage. Key interest rates in Australia are now on the rise,” it said.
The report also noted that while many housing markets in the world’s leading economies remain distressed, Australia and other Asian countries are currently enjoying strong economic growth and high residential property price rises.
Israel took the top spot for the second consecutive quarter, gaining 10.15% over the year to end-Q3 2009, an increase from 8.4% increase over the year to end-Q2 2009.
New Zealand recorded a more modest gain of 2.0% over the year to end-Q3 2009 bringing the median sales prices at mid- 2008 levels according to the report.
Hong Kong’s house prices rose by 3.1% over the year to end-Q3 3009, a significant improvement from the 7% decline year-on-year to Q2 2009. During the three months to September, house prices jumped 11.1%. Global Property Guide said this recent performance is causing concern about over-ebullience.
In Singapore overheating is a concern too according to the report. House prices jumped by an all-time record quarterly 14.3% increase (though house prices in Singapore are still down 11.0% over the year). The report noted that Singapore’s economy has expanded 0.5% during the year to end-Q3 2009. Its construction and manufacturing sectors are the primary source of growth, having expanded 12.8% and 6.6% (y-o-y), respectively.
The property markets in UK, Canada, Germany, and South Africa have returned to black during Q3 2009 after suffering falls in prices every quarter since 2008.
In the US, Q3 house price rose 3.1% changes were nominally up 3.1% according to the Case-Schiller index, or up 1.2% after inflation. In the UK, house prices rose 3.4% in Q3 according to Nationwide, and 2.1% according to the Land Registry. Global Property Guide noted that the UK house prices have been rallying since May.
On the bright side, the report noted that investors in Dubai, UAE have something to be optimistic about after nominal house price index jumped 7.0% during Q3 2009 - a dramatic turnaround from an 8.0% drop during Q2 2009. “This is the first q-o-q increase since the financial crisis hit the emirate in late 2008. However, over the year to end-Q3 2009, Dubai’s nominal house prices are still down by 47.0%,” the report said.
Source : - YIPMAG (30/11/2009)
Brand New Family Home in Latrobe Tasmania
This fantastic family home was completed only months ago.
Large spacious rooms feature through out with a kitchen many would be envious of. The open plan dining and living rooms feed onto the hall with bathroom, (separate toilet) laundry, 4 generous sized bedrooms. The huge master has a walk through robe with a lovely ensuite that features a spa and spacious separate shower.
This home is cleverly designed and has ample storage through out including built ins in bedrooms 2, 3 and 4. This home has more to offer than meets the eye and an inspection is highly recommended.
Maroochydore Unit On Offer
Brett Long of Sunshine Network Realty has this spacious low maintenance unit in Queensland’s beautiful coastal suburb of Maroochydore. Close to surfing beaches, schools and shopping. Enjoy hassle free easy living today.
Making Money From Property in THIS Market – North Sydney
Have you ever wondered how some people are creating great wealth through Property?
It’s no secret, it’s just about knowing what to buy, when to buy and what property strategy you should be using in this current property market.
Come and have your questions answered,
Making Money from Property in THIS Market
Some of the topics we will be covering
- Why Property, where’s property going?
- 3 Foundations of Property Investing
- Real Property, Real Clients, Real Money, This Market
When: Tuesday 1st December @ 7:00pm
Where: Royal Motor Yatch Club
46 Prince Alfred Pde, Newport Beach NSW
To register please call 1800 248 911
Source :-http://www.investorfinance.com.au/making-money-from-property-in-this-market/
Luxury Unit at Hervey Bay Queensland
Cashflow positive Investment ? 80% lend ? YES !!
Hervey Bay- located in the Marina Precinct, the vibrant end of town, at the gateway to Fraser Island with only 90 luxury rooms.
The resort features a showcase pool and spa, a licensed restaurant/bar, a gymnasium and sauna.
This luxury apartment offers you: >>>READ MORE<<<
Luxury Hervey Bay Apartment For Sale
Three Bedroom Unit Near Beach
Inside the Golden triangle and the beach is just around the corner !
A quiet, high quality lifestyle is now available, spacious and very private.
Massive kitchen, security entry and an EXCLUSIVE YEAR YARD are just some of the bonuses here.
When expert help pays off
An Australian Property Investor - Case Study
Investing in bricks and mortar could be the key to a rich retirement, if you have the right advice, says investor Brian Doughan.
Brian Doughan turned to property investment in 2001, at the age of 47. He had been working as a schoolteacher for 20 years, and despite his efforts to build a decent superannuation, he realised that movements in the share market prevented him from building a secure retirement fund.
“In December 2001, I had what I like to call a life changing ‘aha’ moment,” says Brian. “I looked at my two superannuation funds and saw, with horror, that one fund had actually decreased by $6,000 in six months. I found myself asking questions like ‘What is the name of my super fund manager?’, ‘What are his/her qualifications?’ and ‘Why am I paying this unknown person commission to lose my money for me? I could just go to the racecourse!’”
After the shock wore off, Brian and his wife Carmen decided to take control of their future.
“Our house was worth $750,000 at this stage and we only owed around $200,000 on our mortgage, which left us with plenty of equity,” says Brian. “My decision was to use this to invest in property. At least with property, Carmen and I are in control, we decide where and when to purchase.”
In February of 2002 Brian and Carmen began inspecting the property market and familiarising themselves with the world of investment. However, as they soon found out, choosing the right property isn’t an easy project.
“We were babes in the woods when we bought out first property for investment,” says Brian. “We chose to buy older style two bedroom apartment with waterfront glimpses in Wollongong, NSW because it was close to Sydney and it’s a beautiful area. We were rapt with the place but we later realised that the $270,000 we paid was way too much.”
Buying with their hearts and not their heads was their first mistake, says Brian. Still the Doughan’s decided to hold onto the property and today, it is worth $310,000 and rents for $245 a week.
Brian and Carmen wanted to continue buying investment property but thought it was necessary to seek some expert advice to ensure success with their next purchase.
“Some friends of ours told us that they had an acquaintance, Ian Hosking Richard from Rocket Property Group (an investment real estate and finance company), who had helped them find investment properties which have performed well,” says Brian. “So we met up with Ian and we were impressed with his knowledge, honesty and complete lack of pushiness.”
In March 2004, Brian and Carmen used Ian’s services to purchase their next property – a $198,000 one-bedroom unit on Chevron Island, Queensland.
“The price was right and the area was steady so we bought it. The property is now worth $235,000 and rents for $240 a week,” says Brian.
Brian says the most comforting thing about seeking Ian’s advice was that he invested in the same locations he suggested to his clients. “It certainly lends a lot of credibility to what he is doing,” says Brian.
Since 2004 the Doughan’s have purchased four more investment properties. While they have taken gambles that put them outside their comfort zone, Brian says it has all paid off.
“In late 2004 Ian told us about an off the plan house in Townsville, which we were going to buy sight unseen. This went against all my instincts and I was very skeptical about the purchase because I had never been to Townsville (and still haven’t),” says Brian. “But we trusted the advice we were given and this has been one of my best investments. We bought the house for $230,000 and it is now worth $320,000!”
Today Brian and Carmen’s portfolio is worth $1.5 million – a figure that Brian says he is “completely astounded” by. Now 55, Brian enjoys investing in property so much that he has qualified for his Real Estate Agent’s license and helps others to get started in property investment.
“Investors aren’t multi millionaires, they’re just ordinary people like me, but what prevents many people from buying a successful portfolio is lack of knowledge,” he says. “I am still teaching but I am gradually spending more free time talking to friends and colleagues about property. Maybe one day I’ll make it my full time career.”
Brian Doughan’s investments
Wollongong, NSW (unit)
Bought in Feb 2002 for $270,000
Weekly Rent - $245
Current Value = $310,000
Chevron Island, QLD (unit)
Bought in March 2004 for $198,000. Weekly Rent - $240
Current Value = $235,000
Labrador, QLD (unit)
Bought in Sept 2004 for $230,000. Weekly Rent - $280
Current Value = $320,000
Condon, QLD (house)
Bought in May 2005 (OTP) for $262,910. Weekly Rent - $330
Current Value = $350,000
Idalia, QLD (unit)
Bought in Sept 2008 (OTP)$279,000. Weekly Rent - $320
Current Value = $330,000
Copyright Your Investment Property magazine and republished with permission.
Getting a top mark – investing near universities
Whether it’s just owning an apartment nearby a university or even investing in contracted student housing, investors can benefit from good yields and steady demand. But there are other factors to consider before you head into this market.
It’s been tempting of late to search for a recession-proof investment to carry one through tough economic times.
When unemployment rises and recession nears, traditional high rental yield earners of the past in the property market may no longer be such a reliable a source, especially in the high end.
There is a rental sector where it’s impossible for your tenants to lose their jobs and where demand remains usually steady, however – student housing. If gone about carefully, it can return higher yields and a steady demand that is not likely to significantly wane. Foreign students studying in Australia have perhaps made the largest impact lately in increasing this demand.
International enrolment last year went up by an average of 20.7% over the year earlier, according to government figures. This year, some universities are reporting up to13% increases in overall undergraduate acceptance rates. Taken in a larger context, international education contributed $14.2 billion to the economy in 2007-08, making it Australia’s third-largest export. The commodity of an Australian degree for Asian students is regarded in particular at a lofty level, and often at a significantly lesser price tag than universities in the US or UK. Some 79% international student enrolments came from the Asian region in 2008.
All these new students coming in have to live somewhere, naturally. While some on-campus housing is provided, many others live off-campus, either by choice or necessity. In Brisbane, for example, 47% of students are housed in share accommodation, with only 15% on campus, 13% living with friends and relatives, 18% in staying at home, and 7% purchasing their own property, according to Damian Haber, Principal of Queensland-based The Pad Management Pty Ltd. He says it reflects a trend towards more affordable housing.
“Often it is the case that new purpose built or on-campus accommodation is very high in cost and beyond the capacity of many students to afford,” he says. “A share accommodation provides a great alternative at a more affordable price range, hence the extent of its market share.”
That’s where investors come in, and many have already sought this specific field of housing which can provide great gains, as well as risks. Less than three years ago, student accommodation was not commonly out there in the marketplace, or even considered, says Haber, who also serves as President of the Student Accommodation Associations Industry.
“In more recent times, with the advent of the international student market and response from China and India to strong marketing by our university sector, as well as the push for high returns, student accommodation is now a household name and often filling the boards of real estate sales agents as an attractive investment strategy,” Haber says.
Greater yields, stability
One of the main reasons an investor might now choose student housing is for the yields. Investors in student accommodation can pack more income per square meter than they might with professional tenants. For example, one can turn a two bedroom unit into a four bedroom unit, or a three bedroom house into a five bedroom house.
“You can get quite a lot of tenants in one place, so the rental income is higher,” says Chris Gray, CEO of property portfolio company Empire.
Haber says student accommodations typically should return an income yield of between 6% and 8% for inner city residential, compared to what he says would be a 3% to 5% yield for comparable single tenancy arrangements.
No matter the location, the yields for student accommodation are almost always higher compared to renting to non-students. Gray says he knows a mortgage broker who recently turned a one bedroom house with a sunroom into a three bedroom, and now gets a 12% return.
That increased yield is just one of the many advantages, however. Haber says the latest increase in international students helps explain why just 10% of them have cars. With that in mind, student accommodation does not usually need a car space, unlike many single residence properties.
Another investment benefit is that student housing is often much cheaper than other similar housing nearby, says Gray. “It’s a low cost of entry,” he says.
If managed well, vacancy rates can be low, as well. Haber says The Pad puts students on a six month fixed term tenancy, but many students stick around for two or three years, he says. “Our tenancies run in blocks, which eliminates any potential vacancy over holiday periods,” he says. “We typically have a waiting list of students ready to move in if a vacancy arises and the universities are constantly in contact wanting to place more students.”
Having multiple tenants also can limit risk for vacancies. By diversifying the rental across multiple tenants, it means that if a tenant leaves, the income is still coming in and still typically above a single tenancy arrangement in net terms. Further improving this strategy would be to have a staggered entry profile, says Haber, thus likely ensuring income at all times, even when one tenant might be lost. “With a single tenancy arrangement, if the tenant does not renew, the entire income from the property is lost,” Haber says. Investors can really benefit by discussing their level of risk tolerance and mortgage repayment options.
See: Home loan calculator
Sometimes, just having three tenants of four possible in place is enough to still be profitable for an investor in student housing. The fourth tenant is just an added bonus.
Read more at Your Investment Property magazine.
Approved Development Site - Multi-Unit And Shopping Facilities Cairns
Cairns Investment Property For Sale
Approved Development Site - Multi-Unit and Shopping Facilities located at White Rock, Cairns QLD.
(Development)
Location 2-26 Giffin Rd White Rock, Cairns QLD.
A Preliminary Approval has been granted by Cairns Regional Council for 112 units consisting of two and three storey and also Commercial Shopping Facility of approximately 890 Square metres.
• SIZE OF LAND:2.29 HA.
• Planning area Res 2.
The corner block is approximately 10 minutes from Cairns CBD, and Situated in the southern corridor, which is the growth area of Cairns.
It is directly opposite Mt Sheridan shopping Plaza, which is due for a $65M revamp by Mirvac.
Public transport runs past the door every half hour.
The property is close to schools, daycare centre’s, parks and sports grounds.
A Nursery and Landscape Supplies yard currently operates on the site.
(Cairns Information)
Cairns is located on the north eastern coast of the state of Queensland, on the east coast of Australia.
Cairns is home to more than 130,000 people from all corners of the world and is renowned for its tourist attractions like the Great Barrier Reef and the Wet Tropics World Heritage rainforest.
Tropical North Queensland is the ultimate destination to enjoy spectacular natural beauty at its absolute best, and to find fun and adventure. It’s also the perfect place to relax, be pampered, and enjoy the laid-back feel of the tropics…read more>>