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This week’s State of the Nation includes a few articles on apartments and units, so if you’re interested in investing in these types of properties, you’ll be interested in this week’s State of the Nation. According to one article, apartment living is on the rise. Apparently it’s becoming more of a lifestyle choice. Coincidentally in another article, RP Data’s statistics reveal which city’s Units spend the highest time on the market. Also in this week’s issue, I reiterate just how much better investing for Cash flow is rather than investing for Capital Growth. If you haven’t read my rant already, you can read it in this week’s State of the Nation.
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State Of The Nation Compiled By Kevin Lee of Smart Property Adviser
www.smartpropertyadviser.com.au E: [email protected] T: (02) 9980 1311 M: 0416 083 995
Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article capture. Smart Property Adviser does not claim to be the author of any articles included within this document.
Adelaide Looks To Melbourne For Inspiration
Developers are increasingly turning to disused buildings and infill developments to bring people in from the suburbs in a trend similar to the one that transformed Melbourne. At Walkerville, Melbourne-based property developer Asian Pacific
Group has begun construction on a $120 million development with a mix of hotel and residential accommodation, which will transform the former Transport Department site. 27 February 2013. More.
More Australian Sellers Making A Profit From Property Nearly half the people in Australia who sold properties at the end of last year made at least 50 per cent profit on their initial purchase price. And almost a third of those sellers doubled their initial investment. But your chances of making a fortune in property depend on how long you hold onto your place, and where in the country it is, with 12 per cent of people selling at a loss in the December quarter. 26 February 2013. More. Brisbane And Adelaide Units Spend Highest Time On Market: RP Data
Units in Brisbane and Adelaide spend more time on the market than any other Australian capital city, according to the latest information from RP Data. Brisbane and Adelaide units spend an average of 93 days on the market, according to data for the week ending February 24. Houses in the Queensland capital don't sell that much quicker with an average of 88 days on the market, while Adelaide houses take 85 days. 27 February 2013. More. Boom For Inner City Sales
A surge in interest for city apartments since stamp duty concessions were introduced has spurred calls for it to be extended to other housing across the state. Real Estate Institute of South Australia chief executive Greg Troughton said
the concessions were a significant saving and had fuelled interest in city apartments. 25 February 2013. More AVJennings Awaits The Return Of Confidence To House And Land Buyers
The home builder AVJennings has posted a $19.1 million loss for the first half of the 2013 financial year compared to a $3.3 million profit a year ago. But it has advised that consumer confidence remains the key issue and until there was a positive change, market conditions will continue to remain challenging. The value of its residential projects has had a 5.3% cut, slashing $16 million from its result. 28 February 2013. More.
Who Should Own Your Property?
Tyron Hyde explains that the ownership structure you choose when buying your investment property will have significant implications on the tax depreciation you can claim. There are many other reasons why people buy property in varying classes, such as for security reasons or to minimise land tax. 27 February 2013. More. New Home Sales Post Fourth Consecutive Rise In January: HIA The Housing Industry Association new home sales report, a survey of Australia's largest volume builders, shows seasonally adjusted new home sales increased by 4.2% in January 2013. It reflected a 4% increase in detached house sales and a 4.9% boost in multi-unit sales. 28 February 2013. More. Brett Blundy Takes Loss As Accountant Snaps Up Pearl Beach Weekender
Bulky goods entrepreneur Brett Blundy has offloaded his redundant Pearl Beach weekender for $2,643,000, a 30% decline on its last sale price. It was the NSW Central Coast beachfront home's second price
collapse. It was snapped up by a company associated with Sydney accountant Stuart Waugh, from Bell Partners, when offered through Stuart Gan of PRDnationwide Ettalong Beach. 27 February 2013. More. Rents To Stay Strong In NT Despite the government's plan to inject 2,000 affordable homes into the Territory, rents are expected to stay strong, according to a property expert. David Tollner, the minister for housing said, while 1,700 homes need to be built in the Territory each year, currently only 1,200 homes are built. 26 February 2013. More. Fast 50 Suburb Starting To Boom A south-eastern suburb of Perth tipped in Smart Property Investment’s Fast 50 report has already seen unexpectedly fast growth over the past two months, according to experts on the ground. Where Armadale properties could be bought sub-$300,000 just weeks ago, much of this has been absorbed by heavy demand, pushing prices even higher, wHeregroup’s Todd Hunter told Smart Property Investment yesterday from Perth. 27 February 2013. More. Apartment Living On The Rise Once the territory of first-home buyers and investors, more and more Australians are choosing apartments for the easy lifestyle on offer. "It's becoming a life-style choice, rather than a first step towards your dream home,'' said Karen Stiles, executive officer of the Owners Corporation Network, set up to help strata owners through the complexities of communal living. 27 February 2013. More.
Issue # 028 March 1, 2013
State Of The Nation Continued…
E: [email protected] T: (02) 9980 1311 M: 0416 083 995 Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article
capture. Smart Property Adviser does not claim to be the author of any articles included within this document.
If you would like to voice your opinion on any article you have read in the State Of The Nation Newsletters or elsewhere that has concerned you, please send the article and your opinion on it to us and we will include it in a future issue of the State Of The Nation. Send your opinion to [email protected]
How To Lock Away Your Hard-Earned
With interest rates down, those with money to invest might need to look harder for a good term deal, but the search can pay off. Only two years ago, financial institutions were bending over backwards to attract depositors' cash with interest rates on term deposits of more than 6 per cent. Now
interest rates are lower, more legwork by savers is needed to find the best rates. 27 February 2013. More. Insight: Savings Interest Rates Hundreds of billions of dollars have poured into high-interest deposit accounts since the global financial crisis, as savers exploited the relatively strong interest rates. But there are growing signs that further cuts from the Reserve Bank could cause returns from term deposits and online savers to dwindle this year. 27 February 2013. More. Non-Major Dangles Commission Sweetener
A non-major bank is offering a commission sweetener to brokers who hit volume targets. ME Bank has announced it will offer a commission bonus to brokers with settlements greater than $1m accumulated between 1 March and 30 June. The bank's national manager of brokers, Stewart Saunders, said the move was designed to generate excitement among brokers. 28 February 2013. More.
Settling Delays On Home Transfers
Stringing out a property deal can take up to a year as parties take their time to sign, seal and deliver. Managing director of 1300HomeLoan John Kolenda says settlement periods can extend to six or
even 12 months. 24 February 2013. More.
Positive Reporting Not A Negative For Borrowers The impending positive credit reporting regime will be a boon to consumers, it has been claimed. Global credit reporting agency Experian has today launched in Australia ahead of the positive credit reporting regime due to be introduced in March 2014. 28 February 2013. More.
New Index Reveals Market On The Move
Results from a new property index indicate that many capital city markets are gaining momentum as vendors begin increasing their asking prices. SQM Research has released its first Weekly Vendor Sentiment Index and results show that, on average, capital city asking prices have risen by 0.4 per cent for units and 1.5 per cent for houses over the past 90 days. 27 February 2013. More.
Buyer Demand Increase In Queensland
In a sign of confidence for the south-east Queensland market, development sites in the region are being snapped up by buyers. According to Colliers International, an improving demand for residential property saw a significant increase in development site sales, with eight properties selling for a total of $13.65 million over the December quarter. 28 February 2013. More.
Low Risk, High Reward Suburbs
A sure thing is hard to come by in property, just like any investment, but you can do your best to minimise risk. Proximity to the city and the coast are two of the best qualities an Australian suburb can have. Possessing one or the other is good, but having both is priceless. If beachside or inner-city suburbs are out of your price range, you can consider investing in their cheaper neighbours, where values should logically catch up. 26 February 2013. More. The Argument For Cash Flow
Well, 2013 is officially under way and one of the burning questions among investors relates to the best growth prospects for the year. For investors who seek the thrill and excitement of chasing capital growth, they'll be looking in our regional areas, mining towns and some other far-flung outback locations. I call this the 'hero syndrome'. I should warn you upfront that greed and the seduction of easy money can, and do, interfere with becoming wealthy and financially wise. 21 February 2013. More.
Controversy Corner
Keli Lane Denied Bail Ahead Of Appeal Over Murder Of Daughter Tegan
Convicted child killer Keli Lane has failed in her bid to be released on bail ahead of her appeal in the NSW Court of Criminal Appeal. The 37-year-old, serving a maximum of 18 years' jail over the September
1996 murder of two-day-old Tegan, hung her head as Supreme Court Judge Cliffton Hoeben handed down his decision. 28 February 2013. More.
Some Parting Advice
“It is more beneficial for the average family to build a substantial property portfolio over time – safely – by purchasing neutral or
positively geared property with cash deposits – and it is possible to do, despite what many say.”
Until Next Time…. Kevin Lee
www.smartpropertyadviser.com.au
