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Last Wednesday, 25th November, Reserve Bank of Australia (RBA) deputy governor Ric Battellino said “a recent rebound in economic activity in Asia was positive for the nation, as it emerged from the global economic downturn.” He went on to say that demand for housing would be boosted by rising household incomes and strong population growth, which would underpin immigration numbers.

SEQ: Beautiful One Day, Now A Building Site

Earlier in the week the Sydney Morning Herald ran a story with the headline: “South East Queensland: Beautiful One Day, Now A Building Site.” While this journalist was obviously anti population growth and attempted to paint as negative an argument as possible; he actually did a great job of confirming why astute investors are so excited at the wealth producing opportunities here in South East Queensland.

Comments like “Queensland has experienced a period of phenomenal economic development thanks to the 2,000 people crossing the border each and every week” is music to my investment ears!

Preparedness And Opportunity More…

Hot Investment Opportunity!
Priced To Meet The Market!

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Snapshot

• In Northern Growth Corridor Of Brisbane
• 2 Bedroom Apartments – $315,000
• 3 Bedroom Townhouses – $348,000
• Fantastic Location; In High Growth Area

For more information or to request a complimentary cash flow analysis:
click here or call (07) 5580 8888 during business hours.
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Our complimentary no obligation ‘Personalised Retirement Options Plan’ (PROP) offer has been incredibly popular.

With just four weeks till Christmas and our office shutting down for a couple of weeks, those that have not yet booked a PROP with one of our property mentors should do so quickly; available spaces are quite limited and filling fast.

From the comfort of your home and using the internet and our propriety software a property mentor can assist you to construct a retirement plan that will demonstrate for you a workable plan that will take you somewhere towards your personal retirement goals.

You see, anyone starting out on a journey must first establish where it is they want to end up… and then work backwards to determine the most effective route to take them there. We won’t tell you what to do nor advise you; we will ask questions and let you drive the process (within realistic & achievable boundaries) to reveal your potential outcome.

To secure your complimentary 90 minute PROP appointment, please call or apply online >>>here.

A woman walked into the kitchen to find her husband stalking around with a fly swatter.

‘What are you doing?’
She asked.

‘Hunting Flies’.
He responded.

‘Oh! Killing any?’
She asked.

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Some years ago (around 2000) on leaving a job I had been in for 26years, I rolled my superannuation into a Commonwealth bank super fund. In year two the fund lost about $8,000 (or 4%). In the same year the fee I was charged was approximately $400.

Since it was mostly non-preserved I withdrew my money and put it into residential property. You see my investment properties, in the same year my super had gone down by $8,000, had gone up by about $50,000. I had been happy with super as the “don’t keep all your eggs in one basket” philosophy had been drummed into me over many years. The problem with having my eggs in this basket, however, was a big hole in the bottom and eggs were breaking. That just made no sense to me!

Did I Do The Right Thing? More…

Source: www.goldcoastbusinessnews.com.au

GOLD COAST developer Young Land Corporation YLC will build a master-planned $750 million community at Coomera after the project was green lit by Gold Coast City Council. The mixed-use project will be developed on the northern corridor between the Gold Coast and Brisbane and will consist of 1450 new dwellings and include a village centre spread across 105 hectares.

The project is to be partly bankrolled by privately-owned funds management company LM Investment Management Ltd LM. YLC managing director David Young, says the development will answer the demand for affordable housing as the Coast prepares to accommodate an influx of 15,000 new arrivals each year.

• View our brilliantly positioned Lilly Rise, Coomera listing >>> here
• Discover How much you can borrow >>> here More…

THE Gold Coast residential market is critically undersupplied and needs about 35 new dwellings built per working day to cater for the population boom, according to an independent analyst.

Speaking recently at Hope Island, Brisbane-based Michael Matusik said drastic measures need to be taken by local authorities to stimulate development to house the 16,700 new people a year calling the city home.

“The Gold Coast is currently undersupplied by 43 per cent when the number of dwelling starts for 2008/09 is matched with the projected underlying demand,” he said.

“Translated, this means 8500 new dwellings need to be built each year, or about 35 per working day, to cater for the city’s rapidly expanding population.

“As it stands now, on average only 550 new dwellings have been approved per month on the Gold Coast since July 2006 — a shortfall of almost 2000 (a year) when compared to what needs to be built.”

Mr Matusik said despite these ‘astonishing’ figures there was a flipside for investors. More…

Contrary to dire predictions that suggested otherwise, the Australian property market has done amazingly well this past year. Residex reports that, aside from Perth, our capital cities have seen house prices surge. The damage to prices caused by the Global Financial Crisis (GFC) has now been corrected. Interestingly in the 12 months to September 2009 overall median house price growth was 4.62%; the same as it was in the previous 12 month period.

The following chart shows the rebound to property prices. Note that in five out of six cities units outperformed houses. Today I am looking at the reasons behind this and giving a snapshot view of the property market going forward.

Percentage Price Growth – 12 Months to September ‘09

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House prices surge for 8th consecutive month – Steve Keen to walk to Kosciusko!

Macquarie Bank interest rate strategist Rory Robertson says he doesn’t know much about racehorses but on Melbourne Cup day his winner is already “home and hosed”, as he’s won his year-old bet on Australian house prices..

Steve Keen, associate professor economics and finance, at the University of Western Sydney, plans to walk, in April, the 200 kilometres from Canberra to the top of Mount Kosciusko, after losing his bet on house prices, with Macquarie Group strategist, Rory Robertson, said The Australian Financial Review.

Here’s Rory’s account of the bet he and Steve struck in November 2008:

If capital-city home prices do indeed fall by 40% within the next five years – starting from Q2 2008, and as measured by the ABS – Rory Robertson will walk from Canberra to the top of Mt Kosciusko (that’s maybe 200km followed by a 2228-metre incline).

If Dr Keen turns out to be less than half right, and home prices drop by less than 20%, he will take that long walk.

Moreover, the loser must wear a tee-shirt saying: “I was hopelessly wrong on home prices! Ask me how.”

Rory later clarified: More…