Three locations to choose from – Townsville | Cairns | Gold Coast – Coomera
Call us on (07) 5580 8888 for more information
Buy in the correct ownership split. Many married couples automatically buy in a 50/50 split. This is fine if your taxable incomes are similar but if they are not you could be losing a lot of money to the tax office.
Marion and I started buying in a 90/10 split because my income was $42k and hers was $18k. Later we ran our own business and income split so property purchases then were made at 50/50. It is important and can save you thousands of dollars a year.
Talk of Recession has been a fantastic opportunity for investors who are ready to move quickly.
You would have seen the great deals that one of our highly respected developers in Cairns put to us recently. He was desperate to clear his remaining current completed stock before his lender would fund his next projects.
The developer has recently released to market those last remaining units that were not made available for sale at the time the project commenced.
The developer behind these properties is one that mrd has worked with in the past. We are confident that the location, build quality and finish will make for an exceptional long term investment.
Banks in general are nervous about the general economy. As such, some are reducing their most recent valuations within this project… from what they were previously valuing them at.
These new bank valuations, in our opinion, do not reflect the state of real market as much as they expose the banks very strong attempts to mitigate their risk… by ensuring that purchasers who borrow 80% (of the valuation) will chip in more than just 20% (of the purchase price).
We have used our relationship and track record as leverage to negotiate with this developer to have him agree to absorb the difference between the market value and recent bank valuations.
This developer has been told by his lender that he must clear ALL his remaining completed stock before they will agree to funding the construction of his newer projects.
This change of attitude from his lender; who had previously said “YES” to his funding request – before the global credit crisis – has incentivised/motivated the vendor to make this limited, attractive offer on those last remaining completed stock items.
Therefore, we are excited to be able to offer a small number of investors, a brand new property at 2005/2006 prices, PLUS a few other sweeteners/incentives as well.
2 Year Rental Guarantee @ 5%
These house and land packages are set in amongst a growing and developing area of residential community suburbs for young families and established Cairns residents. Located on the southern corridor of the Cairns Local Government area, the suburbs Edmonton and White Rock are the largest suburbs in Cairns with a mixture of commercial, residential and recreational amenities. Also available are packages in the very popular Smithfield suburb in the northern suburbs of Cairns.
These quality 4 bedroom/2 bathroom house and land packages are amongst a portfolio of multi award winning homes designed to reflect the environment with their emphasis on an abundance of space and light, maximizing ventilation and the frequent use of courtyard and patios to create a sense of freedom and serene comfort. The builder’s specifications are to design a “tenant‐ready” house and land with no hidden costs for the astute property investor. More…
Terraces on the Hill comprises 38 stunning Villa Apartments set below a glorious rainforest clad mountain backdrop, yet with the convenience of only a short 5 minute commute to the CBD and just minutes from 3 of Cairns major shopping centres.
Each villa within Terraces on the Hill has been designed more as a luxury house than a typical villa, with a choice of 2 and 3 bedroom configurations. Each of the villas also boasts its own courtyard – some as large as 104sqm – to emphasise the luxury of space. Units nearby have sold for over $500,000 making these units exceptional buying, starting from just $377,000! More…
Each week I strive to provide quality and relevant FREE education for property investors… to empower them to buy real estate wisely, rather than being sold to. Our unique customer care program works for all clients… because investing is personal. Today I want to look at the good and the bad associated with “Off The Plan” purchasing.
People insistent on seeing and touching a property before contemplating a purchase may be missing out on the benefits associated with an off the plan purchase. Off the plan is simply property not yet registered with the Land Titles office; either near completion or perhaps before construction has begun. There are numerous advantages buying off the plan but you need to understand the potential pitfalls.
WOW, Christmas is almost upon us yet again; hasn’t 2008 come and (almost) gone so quickly? It has been a tumultuous year. The fallout from the subprime issues in the USA gave way to a credit crisis… with went on to become a global economic crisis. I believe the Australian property market is poised for good things; as clearly demonstrated in my recent Web Seminars titled “What In The World Is Going On With Property“.
NB: If you missed out on participating in one these Web Seminars you can now watch it online; click here.
The Global Credit Crisis & Property Investors
As property investors the good that has come out of the recent global turmoil has been a massive reduction in interest rates. I am now so very close to being cashflow positive across my property portfolio… and interest rates are still falling and likely to stay very low for years to come!
The downside for property investors is that lenders have tightened their lending criteria making it harder to secure funding that it was previously, in some instances. With interest rates falling, however, serviceability has been made that much easier creating opportunity for many who previously could not secure funding to now qualify.
The Global Credit Crisis & Property Developers
The impacted on developers has been massive. Companies large and small have all been affected. Many developers have gone broke or just closed up shop, others have shelved projects indefinitely and are waiting until they see evidence of investors returning to the market. Others have soldiered on but have had many new funding hoops to jump through put in front of them.
Banks have been scared to lend to each other, so regardless of whether you are an individual looking to borrow money to buy a property or a developer looking for the funding necessary to complete a project… 2008 has seen a real tightening of lender willingness.
Waterside Residential:
We have received the following update from the developer…
WOW, Christmas is almost upon us yet again; hasn’t 2008 come and (almost) gone so quickly? It has been a tumultuous year. The fallout from the subprime issues in the USA gave way to a credit crisis… with went on to become a global economic crisis. I believe the Australian property market is poised for good things; as clearly demonstrated in my recent Web Seminars titled “What In The World Is Going On With Property“.
NB: If you missed out on participating in one these Web Seminars you can now watch it online; click here.
The Global Credit Crisis & Property Investors
As property investors the good that has come out of the recent global turmoil has been a massive reduction in interest rates. I am now so very close to being cashflow positive across my property portfolio… and interest rates are still falling and likely to stay very low for years to come!
The downside for property investors is that lenders have tightened their lending criteria making it harder to secure funding that it was previously, in some instances. With interest rates falling, however, serviceability has been made that much easier creating opportunity for many who previously could not secure funding to now qualify.
The Global Credit Crisis & Property Developers
The impacted on developers has been massive. Companies large and small have all been affected. Many developers have gone broke or just closed up shop, others have shelved projects indefinitely and are waiting until they see evidence of investors returning to the market. Others have soldiered on but have had many new funding hoops to jump through put in front of them.
Banks have been scared to lend to each other, so regardless of whether you are an individual looking to borrow money to buy a property or a developer looking for the funding necessary to complete a project… 2008 has seen a real tightening of lender willingness.
Seashells @ Clifton
We have received the following update from the developer…
To make sense of the property market we must separate opinion from fact. Opinions will always be heard… just in greater numbers now perhaps. If you are prepared to “drill deeper” and dissect the evidence available; the facts will speak for themselves. There’s no reason for allowing the conflicting voices of opinion to keep you confused!
In the current round of Web Seminars we are offering, I highlight four key factors that are a MUST… if you expect to draw any credible conclusions.
1. Record Population Growth
2. Investors Have Fled The Market
3. Home Ownership Unattractive
4. New Construction Has Stalled Badly
The first step to financial independence is determining your borrowing capacity! This all important first step is provided free of charge after you complete our brand new, simplified, secure online form.
