$ POA – Speak with your Property Mentor

The concept for this unique development was to create a contemporary address with a sense of place, panache and function, the epitome of modern Gold Coast living.

Architecturally designed, this exclusive collection of contemporary one bedroom apartments represent a rare opportunity to live in one of the Gold Coasts emerging neighbourhoods, where convenience meets modern architecture – a perfect blend of location & lifestyle.

The interior decor of each apartment is styled with unwavering modernity – clean lines, cool & sophisticated detail that epitomise the contemporary apartment appeal.

Cove 35 – enjoying close proximity to Harbour town Shopping Village, the new Gold Coast Hospital and nearby commercial centres with strong employment growth, also offers easy access to major roads and bus routes – ideal for Griffith University or enjoying the Broadwater or beaches of nearby Surfers Paradise.

YOUR FINAL CHANCE TO LISTEN IN!

If you own property in Cairns, have contemplated investing there or you are interested in knowing what different property markets are doing, you need to register and be part of tonight’s webinar: “Cairns On The Move”.

The Global Financial Crisis (GFC) hit the Cairns market exceptionally hard in recent years. The collapse of many construction companies including the 25 associated companies of CMC not only added to the unemployment levels but it forced urgent property sales at low prices in an effort to pay out banks and creditors.

There are two stories to be told about the Cairns market. One is of the difficulty the market has been through… and why. The other is what is now expected in the short to medium term… and why.

Recently, one of Cairn’s leading developers came and presented a PowerPoint presentation to the team @ mrd. I was so impressed with what he presented that I asked him to repeat it on an mrd webinar.

In this webinar to be held TONIGHT, Tuesday 6th July @ 7:30pm EST & repeated again @ 9:30pm EST, Udo from Glencorp will give you all the up to date facts on the past, the present and the future of the Cairns market (the good, the bad and the ugly). He will present (real) facts… looking at population growth, rising employment, capital growth, tourism, diversity of industry… and how all these factors combined are presenting an opportunity for investors to take advantage of an up-and-coming market.

So again, whether you already own property in Cairns or if you have been watching the area, you need to sit in on this webinar. Don’t assume you have the facts and won’t learn anything new… you will!

The time is NOW!

Click this link to register for the 7:30pm (AEST) webinar: https://www2.gotomeeting.com/register/253634667

OR this link to register for the 9:30pm (AEST) | (7:30pm AWST) webinar: https://www2.gotomeeting.com/register/422932890

Happy investing,

Nick Lockhart
mrd Customer Care Program… because investing is personal

While in raw terms Queensland created 6500 jobs in April, a revision of employment numbers by the Australian Bureau of Statistics showed in the past year the state created 38,000 jobs, compared with only 21,000 in the year to March.” . . . If we keep creating jobs at around 6500 a month, then we are well on track and we will meet the 100,000 job target,” Ms Bligh said.

On the downside, there are still 12,000 more unemployed people than this time last year and the jobless rate appears to have levelled out at 5.5 per cent in trend terms.The more volatile seasonally adjusted figures showed the Queensland jobless rate jumped from 5.5 per cent to 5.6 per cent in April and nationally was steady at 5.3 per cent. Australia has also cracked the 11 million people employed level for the first time.”After a tough start, we’ve created jobs for Queenslanders for nine straight months now,” Ms Bligh said. “Queensland was the biggest jobs-generating state in the country – more than one third of the 18,300 jobs created Australia-wide last month were created right here in Queensland.”

Ms Bligh also softened her opposition to the Federal Government’s planned mining tax, claiming it could ultimately create jobs.”If we get this package right, then not only will we see new mines opening, we will see new investment from this tax package back into Queensland into infrastructure that’s needed, particularly in regional Queensland,” she said.

Nationally, employment rose by 33,700 in April, well ahead of forecasts.But Peter Gleeson, from recruitment company Chandler Macleod, said employers were not yet ready to risk putting on highly paid staff to full-time and instead continued to use contractors.The figures came as Australia’s low paid aged-care workers started a $1.5 billion wage push.The workers union, the LHMU, lodged its claim this week. Under new workplace laws, low paid workers can negotiate pay through sector-wide bargaining with employers. LHMU assistant secretary Michael De Brunni said employers were behind the push but only if the Federal Government increased its residential aged-care subsidy. Pay rates in the sector were as low as $15.92 an hour and the claim is for an increase of between $7 and $10 an hour.

via Queensland industry creates jobs | Courier Mail.

As the city battles to meet demand for its buses, demand for property within easy access of the train is leading to faster price growth in suburbs near stations.In the past 12 months median prices in these corridors have outstripped other areas by 2.6 per cent.They recorded a median house price increase of 10.3 per cent in the year ending December 2009 – up from $535,000 to $590,000.

Congestion issues are also expected to help drive demand for inner-city units, with one agent warning of a looming undersupply for luxury accommodation.Colliers analyst Ben Langfield said potential luxury projects were being reconfigured into cheaper, smaller apartments. He warned there could be a shortage of new luxury stock within the next 12 months.

PRDnationwide research analyst Josh Brown said congestion was creating demand in suburbs close to stations.”Suburbs with a train station have experienced a 16.3 per cent growth in demand from the half-year ending December,” Mr Brown said.He said suburbs not serviced by rail recorded growth in demand of 13.4 per cent. When looking at actual sales over the time, station suburbs had capital growth of 9.7 per cent – 0.3 per cent higher than those with no station.

via Home prices growth is strong near railway lines | Courier Mail.

Here at mrd we have always had the belief that being close to all the infrastructure means more capital growth. The term  “Transit Orientated Developments”  is now being used and the projects we have listed at Robina, Varsity and Nerang all qualify.

Residential property prices rose by 4.2 per cent across capital cities in the March quarter and by an average 12.5 per cent in the year to March 31, the RP Data – Rismark Hedonic Home Value index, released on Friday, showed.”The lively capital growth observed in the major cities runs against the grain of relatively anaemic housing finance flows,” Rismark chief executive Christopher Joye said in a statement.”This implies that underlying demand and supply-side fundamental are driving Australia’s housing rebound, as opposed to simply credit.”

Mr Joye said the housing market remained resilient despite recent rate rises by the Reserve Bank of Australia RBA.

via Rate rises fail to quell house prices – Yahoo!7 Finance News.  April 30, 2010, 5:51 pm

In my opinion, that is a mistake. A big mistake. Here’s why:

http://investmentmentor.com.au/events/personalised-retirement-options-plan/

I’ve just posted a new webpage that explains why it’s a mistake, and what to do about it.

http://investmentmentor.com.au/events/personalised-retirement-options-plan/

Warmly,

Nick Lockhart