mrd

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…

(more…)

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…

(more…)

City Park Construction is nearing completion anticipated for 30 November 2008 with settlements being between the end of January 09 and end of February 09.  This is subject to weather conditions allowing external landscaping completion and the progress of titles issue.

(more…)

It is not long now until the completion of this exciting project.  (See below for completion estimations)  This has been a long awaited project that we have all looked forward to.  We will continue to keep you informed of when construction is complete and the next step in the process for you.

(more…)

Good Morning St Kilda on Riverwalk Investors,

It is very exciting to see the progress of “St Kilda on Riverwalk” with completion still on track for October. Riverwalk as a precinct is almost complete and we have a number of close friends that have chosen to live and rent in Riverwalk because of its great location; including Wendy from our office.

I bumped into friends at Robina Town Centre yesterday that had moved into the Riverwalk precinct last week. They were loving the fact that they could simply walk over the bridge to the movies, shops, cafes. He commutes to Brisbane by train (a 5 min walk away) for work each day and prefers that then living in Brisbane.

When looking at areas for achieving capital growth, buying as close to the “bullseye”; as Nick describes it, is the key. While we do not recommend high density apartments in the heart of capital cities, your purchase into a medium density apartment in what has been earmarked as the Gold Coasts new CBD will be one that you will be very happy with. With 3 billion dollars of infrastructure and development unfolding in Robina alone and the vast majority of construction spending being disproportionately weighted to commercial buildings, the future will be encouraging for you with regards to values and rents. Nick and I settled on our Riverwalk property last November and have been very happy with it!

Naturally we don’t have a crystal ball but one plus one always makes two, and when you combine a large population increase that demands a roof over their head with good infrastructure, development and employment opportunity; we believe you will always be very pleased with the performance of this investment.

Please find below the progress of St Kilda for June. In the next month the rendering will be nearing completion and external painting will be well underway. Electrical and plumbing fit offs and carpentry fit outs of apartments as well as tiling, painting, screens, robes will all be much further advanced.

External Works

• Roof - nearing completion
• Windows and sliding doors - nearing completion
• External painting - underway
• Rendering - nearing completion
• Balconies - balustrades underway, tiling to follow

Internal Work

• Painting - underway and nearing completion
• Tiling - underway
• Joinery - kitchens and vanities installed
• Fixtures - baths, basins, toilets installed
• Shower screens, robes & mirrors - underway
• Airconditioning units - underway
• Whitegoods - underway
• Lift - underway

Happy Investing,

Katrina Lockhart

Hi Clifton Views Purchasers,

Clifton Views is progressing quickly now with stage 1 due for completion in September 2008 and stage 2 due January 2009.

There is some great stuff happening in Cairns as a copy of an article from the Sunday Mail below explains.

When researching an area in which to invest, the fundamentals that support its long term capacity to grow; and by grow I mean double in value every 7 – 10 years at least, is vital when making a well informed low risk investment decision.

Population growth is one of those factors that underlie and sustain an area’s price growth potential. Supply and demand will always be the major determining factor for price movement. So what we want to see is a place people want to live and are moving in droves creating a problem for councils and governments! New planning needs to take place, infrastructure spending is required and managing the growth in relation to urban development, transport, environment etc. is critical.

This is the case for Cairns!

An article released in the Sunday Mail, 18 May 2008, speaks of State Government plans to accommodate up to a 70% of the projected 100,000 new residents moving to North Queensland in the next 20 years, in Cairns.

This huge growth would be a 46.7% increase over the current population of approximately 150,000 people. That’s an extra 3,500 people per year moving into the city.

Following is the article from the Sunday Mail. Below that is your Clifton Views Construction Update and photos.

(more…)

Good Afternoon City Park Investor,

Following is the progress report as of 26 June 2008. Photos following.

Building 1

• Internal wall linings 30%
• external painting 90%
• scaffold is being removed
• handrail installation in progress
• window installation 80%
• and lanai tiling 70%

Building 2

• Blade/Carpark column erection 50%
• ground floor/carpark block work complete

Building 3

• Internal & external tiling 95%
• internal painting 80%
• lower carpark walls & roof framing complete

External Works

• Bin enclosure & wash bay block work up
• driveway 90% laid

Estimated completion date for City Park is October/November 2008.

(more…)

The Fundamentals That Support Long Term Capital Growth

When researching an area in which to invest, the fundamentals that support its long term capacity to grow; and by grow I mean double in value every 7 – 10 years at least, is vital when making a well informed low risk investment decision.

Population growth is one of those factors that underlie and sustain an area’s price growth potential. Supply and demand will always be the major determining factor for price movement. So what we want to see is a place people want to live and are moving in droves creating a problem for councils and governments! New planning needs to take place, infrastructure spending is required and managing the growth in relation to urban development, transport, environment etc. is critical.

(more…)

Finding the right property with all the fundamentals that make it a ‘good investment’ like location, infrastructure, investment and planning, population growth, strength of demand is a time consuming process and one that requires constant research.

That’s what we do! Because what we research and find we also buy! If we wouldn’t buy it, we wouldn’t sell it. We not only want to educate you on how to invest and where to invest but ourselves as well.

And we have some exciting projects coming up in areas that we have been researching:

CABOOLTURE: Two bedroom, 2 bathroom units 800mts from the railway station and the centre of Caboolture, $294k to $334k - some with views over the river - anticipated completion July 2008. Please register my interest to receive your Property Report; once available!

KINGAROY: Two bedroom units in small complex in Kingaroy - $235K - complete and ready to settle. Please register my interest to receive your Property Report; once available!

IPSWICH: Quality, hi-tech, designer one, two and three bedroom apartments, 2 minutes walk from Ipswich City Mall with pool, gym, spa and theatrette - from $360k - almost complete. Please register my interest to receive your Property Report; once available!

We will send out details of these projects once we have completed our research.

REMEMBER, VIP’s will always get 48 hour advanced notification of all new property listings. If you are not yet a VIP but would like to be, please click here to upgrade.

Hi Catalina Purchasers,

Well it’s been an exciting year @ mrd this year as we have seen many clients begin on their journey to wealth through property or add to their portfolio another “windmill” ready and in place for when the wind blows. For those of us that have staked our claim on the Gold Coast - the fastest growing city in Australia, the winds have already begun to blow.

There is a staggering $66 billion of new development happening on the Gold Coast at the moment with $1.3 billion happening in Coomera. PRD spokeswoman Lynda Campbell has said the Gold Coast needs about 133 new dwellings per week to satisfy the demand created by the massive population boom. “That number is expected to be sustained each year in line with the Coast’s forecast population boom, however land supply on the Coast’s seaside villages is rapidly drying up” she said “the future lies in finding land in the Coast’s outer reaches or through the creation of medium and high density building’s on the coastal strip. The areas that will benefit in the future are those with available pockets of land and that is the northern corridor of the Gold Coast, such as Coomera where we are already seeing a population boom,”

2008 is set to be another exciting year in the property market, so we are looking forward to seeing the reality of “ROYE” begin to take shape in yours and our lives. (Nick and I have purchased in Cairns and have set some windmills in place in various other locations)

Catalina Park is now in the titles office awaiting registration; which could happen as early as today. Please note that you could be asked to settle as early as 14 days after registration of titles, regardless of public holidays, solicitors’ offices being closed and so on. We are not saying that this will happen… but it is imperative that you speak with your broker/lender and ask that they are on top of mortgage documentation preparation etc. Unfortunately, even if settlement is held up because your lender was not ready to effect the settlement, under the terms of the contract you can still be charged penalty interest.

In a perfect world, titles will issue on the 7th January, settlements on the 21st (great time for tenants!) and the banks, solicitors and so on will all be on time and ready. Please be prepared for something happening sooner, however.

We and all the team @ mrd wish you a wonderful Christmas full of family, laughter and fun times and a very prosperous new year.