Realistic Property Ian Begaud blog

2010 up up and away we go

2010-01-07T12:03:00.000-08:00

Happy New Year

Now that our short Christmas holiday is over we are back to the grindstone.

Most of the property developers have been closed for the holidays, so we have been able to spend some time looking for new investment properties to add to our list. The range is now much wider ranging up to nearly $2,000,000 for those who likethe idea of an investment property and a luxury holiday resort to stay in sometine or retire to later on.

We have noticed a big spike in the amount of enquiries and viewing on our web site, so obviously this is going to be a great year.

We wonder could this be due to the publicity given to the massive increase in population here in Australia. Over 300,000 people arrived in Australia last year plus a baby boom plus a huge migration to Queensland meant that rentals will increase about 5-6% a year over the next three years, and of course there will be a shortage of rental properties to be rented as ther is a vast shortfall in the amount being built.So now is a good time to get in to the market rather than wait till it has gone up again.

Have a great New Year and Happy investing!

Stamp Duty on land sales abandoned

2009-07-08T23:06:00.000-07:00

Stamp Duty scrapped! That was the headline a few days ago.

Stamp duty on sales of real estate housing loans is set to be abolished after the Henry tax review, which is likely to recommend states be given a share of income tax to make up the difference. The most likely path to do this would be for the commonwealth to give the states the ability to impose their own surcharge on income tax, which would be collected for them by the Australian Tax Office

Don't hold your breath on this review, it won't be completed till the end of 2009 and getting all those bureacrats in 8 states and the the feds to agree would be a miracle.

Real Estate market hits the bottom- only way is up!

2009-06-08T23:43:00.000-07:00

Hi everybody,
The "doomsayers" have had their day! Right now people are saying we have had enough of shares etc and want to have control of their own assets. At Realistic Property we keep our ear to the ground, and while doing this have noticed a distinct upbeat attitude on the part of people now ready to start to invest in Queensland. Commentators like Michael Matusik of the Matusik Report and Bill Morris of the Midwood Report are all optimistic as to the bottom of the market being reached and expecting the market to gain momentum in both demand and price by the end of 2009.
Right now, some very good bargains are out there. for instance, one of our developers has just reduced the price of his 3 bedroom apartments in Robina on the Gold Coast of Queensland by A$60,000 each! That is a great save and will certainly contribute to the overall capital gain to be realised in the coming years. Add in a guarantee of a rental payment until a tenant is found plus the lowest interest rates for over 40 years and it does not get much better than that.
That is only one so, if you want more information just call us or email to ian@realisticproperty.com.au