mrd

Investors are flooding back to the property market as Gold Coast unit and townhouse rental returns show strong growth.
The latest Real Estate Institute of Queensland figures show units and townhouses at Reedy Creek, Varsity Lakes, Labrador and Southport as some of the highest rental return properties in Queensland.
Reedy Creek and Varsity Lakes, with an average median house price of $359,063 and a weekly rent of $410, were the fifth best rental suburbs in the state behind Port Douglas, Woree in Cairns, Kingston and Spring Hill.
They had a gross rental yield of 5.9 per cent.
REIQ chairman Peter McGrath said investors, stung by the stock market crash, were choosing to invest their cash into the safer property market.

Gold Coast Weeken Bulletin June 28th, 2009 http://www.goldcoast.com.au/article/2009/06/28/93035_gold-coast-top-story.html

Over the years it has been an ongoing struggle to find Finance Brokers who truly understand how to set up investment property finances… correctly! With the very best of intentions… and promises of advanced understanding of how to do so, most have fallen short of our very high level of expectations. Let me show you one real life recent example that will cost the client a minimum of over $15,000 over the next 10 years. This came about it seems because a broker failed to understand “Important Techniques When Securing An Investment Loan Against Your Home!”

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ROBINA and Varsity Lakes continue to be at the centre of billions of dollars in development, with new research by Colliers International showing about two-thirds of the $7.1 billion of major projects in the area have begun.
The report found $4.54 billion of developments identified in the region — which takes in Robina, Varsity Lakes, Burleigh Heads, Burleigh Waters, Burleigh West, Elanora, Reedy Creek, Palm Beach and Tallebudgera — were under construction, with the remaining $2.561 billion in the planning stages.

Colliers’ Gold Coast director in charge Stewart Gilchrist said the majority of construction in the region was concentrated in the fast-growing suburbs of Robina and Varsity Lakes.”These suburbs are at the geographical heart of the Gold Coast, but they have become much more than that, staking a claim as one of the city’s prime centres for business and entertainment, and a sought-after residential address,” he said.

“Major road and rail improvements will support this position, making the area even more accessible.”

Several major infrastructure projects in progress include an $8.3 million upgrade to Christine Avenue, the first phase of a $920 million rail extension from Robina to Coolangatta, $287.7 million expansion of Robina Hospital and the $6 million Robina Police Station. There are also major infrastructure improvements in the pipeline, including a $75 million upgrade to Burleigh Connection Road, $22.6 million expansion to Robina Library, a new $9.7 million Australian Technical College, and upgrades to the motorway and interchanges from Nerang to Varsity Lakes. Ms Campbell said the $1 billion Varsity Lakes, the $500 million The Glades in Robina and the $440 million The Observatory at Reedy Creek were the largest residential projects in the region. “Many of the big tracts of land have now been developed, so we are seeing plans being put forward for smaller residential projects, with an end value of about $30 million to $40 million,” she said.

>>>  Gold Coast Bulletin June 13th

Let Go Of The Peanut

When asked what they would do differently, if they had their life over again, many elderly people are quick to reply that they would ‘dream bigger, take more risks, have more fun and spend more time with their families’. “More Overtime at Work Doesn’t Get A Mention!”

Realising the dream of a financially secure and rewarding life requires change… why then are we inclined to maintain such a tight grip on the status quo? Why do we resist letting go of old habits and beliefs… or anything else that may be limiting our potential?

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There is an abundance of financial seminars on offer at the moment. Some offered for free, others have a nominal charge. Most, however, are designed to entice you to sign up and spend big dollars on someone’s mentoring program… or perhaps purchase their "magical" software package that will tell you which stocks to buy or what next week’s lottery numbers will be. The most direct route to achieving a goal is to "Follow In The Footsteps Of Someone Who Has Successfully Gone Before You".

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THE Coast’s signature beachfront suburbs are leading a revival in apartment sales, while first-home buyers have returned to the affordable end of the market, says the industry.

March quarter figures released yesterday by the Real Estate Institute of Queensland show a stabilisation in median apartment prices, mirroring that of houses. Broadbeach, Surfers Paradise, Burleigh Heads and Tugun drew back investors and holiday-home buyers at the luxury end of the market, according to agents. And bargain-hunting first-home buyers helped shore up prices in the affordable suburbs of Pacific Pines, Robina and Burleigh Waters.

The apartment figures follow the release of median Gold Coast house prices last Sunday which showed a stabilisation after months of decline.
The first-home buyers’ haven of Robina recorded the largest increase of 19.5 per cent, taking the median apartment price to $445,000.

Full Story >>>  Gold Coast Bulletin June 13th

Apparently this is a true story. It probably isn’t, but why let the truth get in the way of a good story; ha, ha.

Outside Bristol Zoo, there is a car park for 150 cars and 8 coaches.

It was manned by a very pleasant attendant with a ticket machine charging cars £1 and coaches £5.

This parking attendant worked there solid for all of 25 years.

Then one day, he just didn’t turn up for work.

“Oh well”, said  Bristol Zoo Management -  “we’d better phone the City Council and get them to send a new parking attendant…”

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What a dangerous thing an economist with a model can be, capable of scaring the horses, wrecking the financial system and generating internet traffic.

Yesterday’s strange call by JPMorgan that Australian house prices will fall by 14 per cent in the next year is a case in point. It provided a scary headline that certainly had readers clicking their mice and probably worried some home buyers. I don’t know what the horses thought.

And it was most likely hopelessly wrong. If it’s a choice between JPMorgan’s model echoing the Dr Steven Keen’s doomsday scenario on one hand and the combined efforts of the Reserve Bank of Australia, the Australian Prudential Regulation Authority and Macquarie Bank’s Rory Robertson on the other, my money is on the latter.

The RBA and APRA also run economic models, on, I suspect, more powerful computers than JPMorgan’s Australian office – and they’re not worried about house prices at all.

>>> House prices NOT tipped to slide | BusinessDay Michael Pascoe | June 3 2009

Empty Promises

In business there are too many people full of empty promises. Do you know people who overstate but under deliver; I do? Today’s article may at first glance appear just hype or cheap rhetoric; but it is anything but that. “You Can Create $3 Million Of New Wealth… From A Standing Start”; read on and I’ll show you how simple it really is.

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Well researched permanently let residential property is the safest asset class.

This is the only type of investment I am interested in… or promote.

The wealth creation system we have created here at mrd is called “Set ‘n’ Forget… for busy people“™

To measure the likely risk of any particular asset class; whether it be a franchise, shares, art or property (to name but some), look at what the banks will lend against each. More…