Notices
STORM SEASON.....Be Prepared!
28 Nov, 2011
Storm season is almost here. Storms can strike at any time and as we all know are often unpredictable. It is important to be prepared in the home by:
Trim trees & branches close to your house
Secure loose items in your backyard
Clear gutters, downpipes and drains
Get your roof checked for damage or corrosion
Make sure all shades, sails & awnings are properly filled
Get your home insurance up to date
When driving….
Always adhere to flood warning signs
Never drive through flood water
Shelter vehicles under cover, not under trees
Avoid driving when a storm is coming
Get your car insurance up to date
UnityWater
30 Aug, 2010
By now you should be aware that Water & Sewerage Services are under the control of UnityWater & are no longer part of the Council. You cannot even pay these accounts at Council offices. UnityWater set their charges accoding to a pricing path set by ths State Government.
Redcliffe who previously enjoyed the lowest water rates of all the former Councils ($250 lower than Pine Rivers) are now hit the hardest as the water charges are all brought into line. To help our community adapt to these new water arrangements Moreton Bay Region's (MBR) budget contains a special 2 year subsidy for all UnityWater customers. In 2010/2011 year Moreton Bay Region Council (MBRC) will provide its costumers with a 50% subsidy on any increase in their water & sewerage access charges. MBR are the only Council in Qld providing such a subsidy to its community.
Within the next few years all Councils in SE Qld will be paying the same charges for water.
Division 5 Warning
30 Aug, 2010
James Houghton from Division 5 warns residences of MBR of a hike in valuations as the Valuer-General implements a site value system rather than an unimproved value system especially in Division 1 & 5 and particularly those properties in canal estates will be affected.
Make sure you are getting the best out of your investment property..
30 Aug, 2010
So what is depreciation?
As a building gets older, items wear out – they depreciate. The ATO allows property owners to claim this depreciation as a deduction. Depreciation can be obtained by any property owner who obtains income from their property.
Already claiming depreciation? Get your free review!
If you have had a tax depreciation report prepared by a company other than BMT Tax Depreciation, we will happily review your report FREE OF CHARGE to ensure you are maximising your depreciation claim. When comparing competitor reports with BMT reports, we often find thousands of dollars worth of deductions that have been missed. We will identify any discrepancies in the report, make sure deductions have been maximised and determine if the correct methodology has been used.
All you have to do to obtain a free review, is email your report to review@bmtqs.com.au - its simple and obligation free! Alternatively, contact BMT Tax Depreciation on 07 3221 9922 for advice about any property scenario.
Lendors Move Goal Posts
30 Aug, 2010
As a result of credit tightening many lenders are now insisting on different requirements which could catch out the unwary borrower.
Loan structures, too, need to be examined carefully before sign-on day. That way, there will be no unexpected surprises further down the track.
One of the main changes financial institutions have made to lending criteria has been the increase in the minimum deposit required on property loans. As a result of the global financial crisis, lenders have now implemented ways to reduce their exposure to loans which are considered higher risk. One of these is reducing the maximum loan-to-value ratio (LVR) level they’ll lend at, hence increasing the size of the deposit borrowers are required to provide.
You are now required to provide, on average a deposit of 8.2% of the property value.
Also, some institutions won’t allow the use of First Home Owners Grant as your deposit, as it doesn’t show the borrower’s ability to handle their finances to a level where they’re able to generate a sufficient deposit.
It is important to do your research regarding the new changes to the rules of borrowing.
First Impressions Count
30 Aug, 2010
When it comes to real estate, the heart and the head are working together. A well presented home will not ony stand out from the crowd and encourage more inspections, it can ensure a higher sale price. On the other hand, a home that looks shabby and neglected may turn prospective buyers awy even before they've had an inspection.
Presenting your home for sale so that is does stand out is not difficult but there are a few basic thoughts to bear in mind. Put yourself in the position of a potential buyer and go through the property starting at the front and consider sensible cost-efffective enhancements.
Begin garden improvements as soon as you decide to sell. Tidy up the garden beds, remove weeds, cut back overhanging branches, trim hedges, mow the grass (and nature strip if required), sweep the pathways, rake up leaves and dispose of all branches, cuttings and debris. Fix any broken fence or gate. Paint the gate and the letterbox if required.
Check and fix any rotten timber that's part of stairs, railings, deckboards etc. Generally clean the exterior. Bright sparkling windows and clean frames make a big difference. Up to a point, repair and repaint any part of the house that looks run down or shabby. Consider the gutters, facia, doors and windows.
The interior walls and ceilings may need washing down. Skirting boards are often over looked. You may need to get the carpets cleaned.
The kitchen and bathroom(s) must be spotless. Buyers open and shut doors, cupboards, fridges and ovens. They inspect any appliances that are being sold with the house. These should all be clean and in working order.
In the bathroom remove any mildew and clean the grouting. A new shower curtain will be inexpensive and is a good idea. Carrying out and essential plumbing are strongly recommended.
To increase a sense of spaciousness, put any non-essential items of furniture away in a cupboard or storage area.
Bridge Nears End
16 Nov, 2009
There is only about 700m to go before the new Redcliffe-Sandgate connection is finished according to an article in the Redcliffe Herald published on 4th November 2009. Foreshore landscape has begun at Clontarf and roadworks continue along Elizabeth Ave, Hornibrook Esplanade and on the bridge embarkment.
The $315 million project started in February 2008 and will be opened by mid 2010, weather and construction conditions permitting. The bridge will feature bus lanes, a shared pedestrian/cycle path connecting with Deagon Deviation bikeway, and paths on the Brighton and Clontarf foreshores. The bridge will double traffic capacity between Brisbane and the Redcliffe Peninsula. The new bridge was named the Ted Smout Memorial Bridge as part of Queensland's 150th birthday celebrations
Local Council Update
16 Nov, 2009
Council has upgraded power supply to Scarborough Park to accommodate future events.
The Pirate Place cottonwood trees have now been restored and the playground reopened. New shelters and tables have been installed replacing those damaged by falling trees.
Final link on footpath construction on Anzac Avenue service road between Nathan Road and Mandin Street should be finished throughout November along with the erecting of steel post & rail fencing in the areas of Grace College, Chelsea, McKillop, Duffield, Finnegan Streets, Gynther and Hercules Roads.
$10,000 will be spent at the Rothwell Park AFL grounds to replace damaged conduit on light poles.
Bus shelters across the region are being audited for possible upgrading.
Electricity upgrades from South Pine to Hays Inlet.
Bitumen Resurfacing for the following streets have been completed:- In Clontarf - Alkooie Ave, Angus St, Bright Ave, Burwood Tce, Lane St, Laura St, Noel St, Snook St Service Rd. Woody Point - Annie St, Bailey St, Kate St. Kippa-Ring - Hercules Rd, Kalimna Dr. Margate - Deans St, Wales St.
Sand Replenishment Works have been completed at the end of King St, Scotts Point.
The old kerb ramps have been upgraded in Anzac Ave near the hospital, making it much easier for people with disabilities to access the Hospital.
Redcliffe the next hotspot!!!
09 Oct, 2009
Redcliffe is poised to become the next emerging coastal growth area of southeast Queensland, according to new research.
There are 19 projects deferred, awaiting approval or holding development approval on the Redcliffe peninsula, with a potential of 610 new residential units and a build value of about $120 million.
There are a further 28 medium-density residential projects that have been abondoned since January 2007, which would have represented a potential 841 extra new units on the peninsula.
A total of 228 settled apartment transactions were registered in the six months to March.
It is now Redcliffe's turn to boom. When the property market does pick up again, areas like the Redcliffe Peninsula will boom faster than any other area because they missed out during the last upswing.
Ripe Conditions in Spring Property Market
18 Sep, 2009
As we leave the depths of winter – and the worst of the financial crisis – behind, it is with renewed optimism and energy that Australians welcome in a vibrant spring season. While change and growth abounds, Elders is also very pleased to report continued growth, healthy signs, and a buzz of activity within the Australian property market. Those looking to conduct property transactions, whether this spring or further down the track, are well-advised to keep abreast of market conditions and seek professional advice as to how to best maximise them.
As a starting point, continued growth in house prices is very good news for home owners and those looking to sell, re-locate or upgrade. ABS figures for June 2009 quarter show that the average price for established homes across eight capital cities rose by 4.2%. Lending and re-financing options remain attractive, with interest rates currently remaining at record lows for five consecutive months.
Growth is not only occurring at the lower, more affordable sector, but also in the middle market and upper end, with RP Data reporting growth of properties in the top 20%. General market activity is well and truly on the increase. Auction clearance rates, a good indictor of the market’s strength, are healthy, with Brisbane achieving 59% for the week ending August 23rd. “Listings,” says Trent Ryan, Principal of Elders Redcliffe “are indeed being met with immediate and avid interest from various sectors, including investors who have made a welcome return to the market.”
First home buyers are also keen to take advantage of the First Home Buyer Grant Boost, which halves at the end of September and ceases at the end of December. For further information about those changes, and other helpful, state-based incentives, please see www.firsthome.gov.au. Elders Redcliffe welcomes all inquiries about how to make the most successful property transactions in today’s market.
Investors Return to the Property Market
18 Sep, 2009
Astute investors watch, understand, and take advantage of market conditions and property cycles. It’s no real surprise then that increasing numbers of investors have zoomed in on current opportunities and become a much stronger presence in today’s market.
Key data collection and industry bodies, including the REIA, ABS and RP Data, have all reported renewed energy and activity in the investment sector in recent months. The value of investment housing commitments not only rose in June, it also followed increases in the previous three months, according to the REIA. So, why the rush?
There have been several enticements. Generally speaking, key indicators of a stabilisation and strengthening of both the Australian property market and wider Australian economy have boosted business, consumer, vendor and investor confidence. In addition, competition from the first home buyer sector has abated somewhat, and may well continue to decline given the First Home Buyer Grant Boost will halve at the end of September and cease at the end of the year.
The growth of house prices across all capital cities in the June quarter brought an additional welcomed surprise. Values improved not only at the lower, more affordable end, but also in the middle range and top end. With the top 20% of properties now recording increases in their values, RP Data suggests that now might be a good time for investors “to look to re-invest in top end property”.
Investors have been quick to capitalise on record-low interest rates and fixed rate loans. Even with possible rate increases on the horizon, investors should keep the bigger picture in sight. Vacancy rates, which drive demand, remain very tight at under 3% in all capital cities. This shortage of supply is unlikely, according to PR Data, to abate in the near future. Rental yields remain historically higher than the long-term average, capital growth has returned, and residential property, which produces average annual returns of 12%, remains the best-performing asset over the past 20 years.
For professional, timely advice and support in starting, growing and managing your investment portfolio, please contact Trent Ryan, Principal at Elders Redcliffe.
Located 23 Redcliffe Parade,
Redcliffe 4020.
(07) 3883 2366
Peninsula Rates
20 Aug, 2009
A major change for many Moreton Bay region ratepayers this year is the move to quarterly rating.
The change also coincides with the removal of the prompt payment discounts that previously applied in the Caboolture and Redcliffe districts. However, council has ensured ratepayers in the Redcliffe and Caboolture districts do not incur an additional rate rise in 2009/10 due to the removal of the discounts.
The prompt payment discounts claimed in 2008/09 have been taken into account when calculating rates for 2009/10.
The total discounts claimed in each district during 2008/09 have been averaged across all ratepayers in the respective districts.
Ratepayers will have 30 days to pay each quarter's rates notice.
This article was published in the Moreton Living Newsletter in August 2009
Railway Link
20 Aug, 2009
As published in the Moreton Living Newsletter in August 2009.
Council is joining forces with the Queensland Government to help make the misssing link in the region's rail network "shovel ready".
The Council and State Government will invest a total of $4 million this financial year to prepare thorough design and business plans for the Petrie to Kippa-Ring rail line. The plans will then be presented to the federal government, which has indicated that it is looking to invest in "shovel-ready" projects funded from its multi-billion dollar Infrastructure Australia program.
The proposed rail link will run through Petrie, Kallangur, Mango Hill, North Lakes and Rothwell, which are some of the fastest growing urban areas in Australia. Currently, residents in these growing suburbs have little choice but to be heavily dependent on their cars. That's why it is important to get this project "shovel ready" as soon as possible.
Moreton Bay Region
20 Aug, 2009
Listed are some projects planned throughout the Moreton Bay region. Some projects will receive funding assistance from other levels of government.
DIVISION 2
A new clubhouse to be built at Zammit Reserve, Deception Bay
DIVISION 4
Preliminary planning to begin on a $16 million Dakabin to North Lakes link road which will be funded over three years and will improve accessibility for Dakabin residents to North Lakes and Mango Hill.
More than $430,000 allocated to expanding the Moreton Bay Cycleway with lighting and boardwalks along the Deception Bay foreshore.
DIVISION 5
More than $3.71 million on road works in the Redcliffe peninsula area.
More than $500,000 allocated for the planning and initial construction of a road and parking facilities in Talobillia Park, Kippa-Ring
More than $270,000 for pollutant traps along Anzac Avenue and Bremner Road at Rothwell to improve the health of Hays inlet.
DIVISION 6
Revamp of Redcliffe Tennis Centre with $3 million of works including new lighting and fencing, construction of two new courts and the resurfacing of existing courts.
A $350,000 seawall to protect against erosion along the foreshore at Captain Cook Park, Redcliffe.
$100,000 to upgrade Redcliffe Library.
Running Hot!!!
27 Jun, 2009
In the July 2009 Property Investor Magazine an article was written by Bronwyn Davis about value-for-money suburbs that offer excellent investment potential. The information was gathered from Peter Koulizos of The Property School.
The article has 10 hot suburbs in Melbourne, 2 in Perth, 2 in Sydney, 2 in Adelaide and 2 in Brisbane which are Redcliffe and Woody Point!!
Koulizos cites these 2 suburbs on the peninsula as areas with promise. As quoted in the article 'Redcliffe has been targeted by the government for large infrastructure expenditure, including redevelopment of the popular waterfront, while developers are building luxurious apartments throughout the region.
The other bonus for the Peninsula is the building of the duplicate Hornibrook Bridge which will make the trip into Brisbane quicker.
Invest now into the peninsula!! Have a look at our properties on our web and we are looking forward to your call.
Selling & Buying in The Same Market
17 May, 2009
Makes Dollars & Sense!
The Australian property market is enjoying strong levels of activity and turnover. Buyers, particularly the first home buyer sector, are keenly snapping up affordable properties while the First Home Buyer Boost remains in place, while investors are returning to the market. Both groups are capitalising on the lowest interest rates seen for over 45 years. While some sellers are holding back, perhaps as a fear-based response to global economic conditions, they might be doing themselves a disservice and missing an optimal opportunity to upgrade or re-locate.
While national house prices softened moderately by 2.9% in 2008, the first quarter of 2009 has seen a growth of 1.6% in residential property values, according to RP Data. While that’s great news for vendors, the property market and the economy in general, many vendors aren’t aware that selling and buying in the same market can procure the same net result. “Any losses incurred when selling in a slightly lower market,” says Trent Ryan, Principal of Elders Redcliffe, “are compensated for when purchasing in the same market. The changeover figure can be the same as if conducting the same transaction in a more buoyant market. Over and above that, buying now also means enjoying capital gains as the market strengthens”.
It’s important to maintain an objective and balanced perspective when transacting on the property market. It’s even more important during times of change. The property market, like any other market, is a cycle. What goes down comes up and vice versa. Proactive, well-informed individuals know how and when to make strategic manoeuvres on particular points of the cycle – and capitalise.
“Many people don’t realise that now is a very good time to upgrade to a larger home to accommodate growing children, re-locate or make that desired sea or tree-change,” says Trent Ryan. “Sitting tight is not always the best option.” With plenty of avid buyers generating good, healthy competition, vendors can expect avid, quick interest in their home, especially if the property is well-presented, well-marketed and well-priced. For further information to help you make the most informed and lucrative property-related decision, please contact Trent Ryan from Elders Redcliffe at 23 Redcliffe Parade, Redcliffe QLD 4020 on 0421 217 574 or our office (07) 3883 2366.
Federal Budget
17 May, 2009
First Home Buyer Boost Extended!
Moving Forward
The extension of the First Home Buyer Boost announced in the Federal Budget on May 12th is good news for First Home Buyers – and great news for both the property market and economy in general! Since its inception in October 2008, it has provided tremendous stimulus to the real estate sector, along with positive flow on effects to many related industries.
The boost, which doubled the First Home Owner Grant (FHOG) to $14,000 for existing homes and trebled it to $21,000 for new homes, has been extended for six months until the end of December 2009. It will, as part of a gradual phasing out, continue at the full rate only until the 30th of September 2009. From October until December this year, the boost will be reduced from $14,000 to $10,500 for established homes and from $21,000 to $14,000 for newly constructed homes. In effect, this means that the incentive will remain at considerably higher levels than the original $7,000 grant as we enter 2010.
Given first home buyers flooded back onto the market since the government first introduced the incentive, the property market looks set to continue to enjoy strong stimulus and good, healthy turnover. The market enjoyed a sharp rise in the number of grants to first-home buyers, with an HIA (Housing Industry Association) survey reporting a 4.2% increase nationally in new home sales in the March quarter, following a 7.8% rise in February. New South Wales enjoyed an increase of 14.6%.
“The industry welcomes the government’s decision,” says Trent Ryan, Principal of Elders Redcliffe. “The boost, combined with record-low interest rates, saw the proportion of first home buyers entering the property market jump to a record 26.9% in February. It has given people an opportunity to secure a foothold in the property market,” says Trent Ryan. “It has also helped increase building activity, foster job security, and overcome housing shortages. It is a very positive step toward ongoing economic recovery.”
First home buyers are reminded to also take full advantage of other generous state-based government grants and incentives to facilitate their purchase. See www.firsthome.gov.au for further details. Those considering selling their property should be encouraged by the government decision, which will continue to create the strong demand and keen competition the market has seen so far this year.
“We are in the midst of change, both economic and legislative,” says Trent Ryan. Capitalising on opportunities, and there are many, while economic and property cycles run their natural course can require a little extra advice and support. Whether buying or selling, we’re here to help.”
Trent Ryan
Elders Real Estate Redcliffe
23 Redcliffe Parade
Redcliffe QLD 4020
Office: (07) 3883 2366
0421 217 574
trent.ryan@eldersredcliffe.com.au
Attention All Investors
17 May, 2009
Rising rental yields! Increased affordability! Record-low interest rates!
If you’ve been keeping up with the headlines, you’ll know that current market conditions place investors in the box seat. Those with an existing or growing portfolio should be reaping the benefits of exceptional growth in rental rates, and re-financing to take advantage of the lowest interest rates in over four decades. Those thinking about starting their portfolio should do the maths: high yields plus cheaper house prices plus low lending rates equals opportunity – both in the short-term and in the long-term through capital growth as the market strengthens.
Last year saw record rental growth across every mainland capital city in Australia. Sydney enjoyed an 18% increase in median house rents and 14% in units. Vacancy rates, under 2% nationally for over 3 years, remain at record lows. REINSW figures for March saw inner Sydney’s vacancy rate drop 0.1% to 1.2%, while Sydney’s middle suburbs rose 0.2% to 1.5%. Vacancies rose 0.2% to 1.9% in the Hunter and 0.1% to 2.0% in the Illawarra, whilst in Wollongong vacancies rose just 0.1% to 1.6%. Australian Property Monitors reports that rental yields are now approaching or exceeding mortgage rates, which basically results in properties paying themselves off!
Are You Insured?
As with any other asset, an investment property not only requires insurance, it requires the right kind of insurance. “Even if a property is being effectively managed,” says Trent Ryan, Principal of Elders Redcliffe, “a tenancy is an agreement between two parties. Problems can arise and recovery of funds can be difficult and expensive.”
Many standard building policies don’t cover rent default, loss of rent, contents, fixtures and fittings, or damage caused by the tenant or their visitors. Sufficient insurance covering the various risk factors is relatively inexpensive. It’s also more essential than ever in today’s economic climate given rising unemployment and that most renters are on a single income.
Elders Real Estate, established in 1839, supports investors wishing to start, grow and manage their investment portfolio. Elders Insurance offers landlords security and peace of mind. For further important information, contact Trent Ryan at Elders Real Estate Redcliffe at 23 Redcliffe Parade, Redcliffe QLD 4020 or on (07) 3883 2366 or my mobile 0421 217 574.
Ready for Rejuvenation
29 Apr, 2009
This article appeared in Saturdays Courier Mail on 8th March Written by Jim Hutchinson.
Redcliffe is stirring to life as southeast Queensland's next boom areas, with more than $1 billion in new development and infrastructure.
Prominent demographer Bernard Salt has described Redcliffe as Brisbane's answer to Melbourne's St Kilda, predicting the regions "funkification", a phenomenon where older-generation areas, particularly those near the coast, become trendy as younger residents move in, is only a matter of time.
Leading property analysts RP Data are billing Redcliffe as one of Australia's next coastal boom areas.
"This is one of the best investment locations in Australia," RP Data research director Tim Lawless said recently. "The peninsula is within easy commuting distance of Brisbane."
"The sheltered beaches are usable for swimming, fishing and boating while the foreshore is dotted with parks.
"The coastal strip, which runs along most of the eastern length of the peninsula' has a burgeoning cafe and restaurant scene which is beocming increasingly popular as a destination.
What's happening in Redcliffe
* $315 million Hougthon Highway duplication - due for completion in 2011, will vatly increase traffic capacity between the Redcliffe Peninsula and Brisbane's northside
* $150 Million Mon Komo development on the former Seabrae Hotel site. It will be mixed used development incorporating a new Hotel, extensive commercial and retail space and 184 luxury residential and serviced apartments spread across two 12-storey towers
* $65 Bluewater Square shopping complex recently opened
* $85 million upgrade of Kippa-Ring Shopping Village planned
* $9.5 million revitalisation of Woody Point Jetty and foreshore
* Apartment developments completed or under construction in the region include Proximity Apartments, Point Plaza Woody Point, Bayview at Clontarf, Waterview at Margate Beach and Georges on Georgina at Woody Point.
THE ANNUAL API HOT 100
20 Dec, 2008
Margate and Redcliffe featured in this article in the Australian Property Investor November 2008 issue.
Margate, QLD
Median house price: $347,000
Population: 7000
Cameron Kusher believes Margate and the other suburbs that comprise the Redcliffe Peninsula, including Redcliffe and Woody Point, have grat potential for price growth.
"The peninsula is within easy communting distance of Brisbane and presents an exceptionally affordable housing market," Kusher says. "The sheltered beaches are usable for swimming, fishing and boating while the foreshore is dotted with parks.
"The coastal strip, which runs along most of the eastern length of the peninsula, has a burgeoning cafe scene which is becoming increasingly popular as a destination.
"To top it all off, the Houghton Highway bridge is being duplicated, which will cut travel times onto the Gateway Motorway leading into the Brisbane airport and CBD."
Redcliffe, QLD
Median house price: $335,000
Population: 9000
The suburbs of the Redcliffe Peninsula, a family seaside retreat just north of Brisbane, are brewing hotspots, according to Peter Koulizos.
He believes the peninsula's central suburb of Redcliffe is the pick of the crop as it's the region's major business centre, facility hub and the focus of attention from the Queensland Government.
"Redcliffe is being heavily targeted by the State Government as part of the South East Queensland Regional Plan to upgrade infrastructure there," Koulizos says, noting it's been designated a 'major activity centre'.
It's also in developers' sights, with a number of large unit complexes springing up over recent years.
Looming transport infrastructure should also give property in Redcliffe a boost, Koulizos says.
"The dupllication of the Hornibrook bridge will make travelling time between the Brisbane CBD and Redcliffe much shorter."
Gateway to popular peninsula
20 Dec, 2008
Revitalisation places Clontarf's waterfront lifestyle in the spotlight!
Clontarf has emerged into the limelight from the shadows of neighbouring Redcliffe.
In the past, the suburb has been overlooked in terms of what it has to offer buyers considering a coastal lifestyle or investment.
With recent increase in residential developments along the Clontarf waterfront a seachange is definitely in the air.
Over the past 12 months residents have witnessed 15 per cents growth with the median house price today hovering around the $350,000 mark.
Three significant projetcs in the area will increase Clontarf's liveability considerably, These include the new Houghton Highway Bridge, the redevelopment of Woody Point jetty and, potentially, a substantial marina.
On completion, the enhanced waterfront will become a relaxing haven for residents, tourists and businesses, attracting new visitors to the area and encouraging recreational activities like fishing, picnicking, walking and cycling.
With over a million tourists travelling to the peninsula each year, it is now just a matter of time before Clontarf morphs from 'poor cousin' to 'significant other'.
Five great spots:-
1. Hornibrook Bridge - unique spot for recreation and fishing.
2. Pelican Park - volunteers hand feed the pelicans at 10am giving visitors a chance to photograph these magnificent birds.
3. Beaches - Clontarf and Bell's Beach are two of the closest beaches to Brisbane City. They are great wading beaches for small children with few waves. Dog-lovers can relax as dogs are allowed at Bells Beach.
4. Golf Club - The Redcliffe Golf Club is in the Handsworth Street, Clontarf. A 18 holes of picturesque well manicured course.
5. Red Race Slot Cars - for the young and young at heart Clontarf boasts one of Australia's largest specialist slot car centres at Unit 7, 23 Huntington Street.
Smart Transacting In A Cyclical Market
20 Dec, 2008
The best success in the property market comes from understanding market conditions - and then adapting transactions and strategies accordingly. Whether selling or buying, a sensible and prudent approach is key:
Educate Yourself: While it might sound obvious, decisions based on little or poor information are surprisingly common. Understanding the market is vital in making wise decisions in the current market. Investigate how property prices performed before, during and after economic downturns. A good place to start would be the 1987 recession. Note the sububs and house types that bottomed out the most and those that rebounded the most. Understand the most price sensitive areas and the more stable ones. Both types can build your wealth, but over different time spans. There are expected similarities in the cyclical nature of property prices during any part of the property cycle.
Trent Ryan of Elders Real Estate Redcliffe says, " Accurate information is vital. Thorough research and expect advice places you in a much better position to transact wisely in any stage of the property cycle."
Be Realistic: Setting too high a price on your property can undermine and delay its sale. A property that languishes on the market for months creates a poor impression and results in an inevitable price drop. A smarter approach is to set a reasonable price that can be achieved reasonably and quickly.
Marketing Excellence: Know your buyer! Understanding who your potential buyers are is very important. Clearly identifying your market allows you to tailor your marketing more specifically and efficiently. Together with your agent, clearly define the unique selling points of your property and direct all advertising in that direction. Remember, your property needs stand out from the competition.
Don't Panic: Talk to your bank, your accountant and your agent. Only then decide on the most advantageous path for you. As with any of life's cycles, what goes down must come up and vice versa. Rash decisons can erode your wealth and asset values. Informed ones can grow them substantially.
For further assistance, contact Trent Ryan at Elders Rael Estate Redcliffe at 23 Redcliffe Parade, Redcliffe or on either office number (07) 3883 2366 or 0421 217 574
Time to Build Your Nest
19 Nov, 2008
It's a buyer's market, and interest rates have dropped for the third successive month, bringing them to their lowest level since December, 2003. The current market has seasoned investors active, and many first-time investors looking to make the most of current opportunities.
There are many good reasons for investing in property, including: capital growth, rental income, tax benefits, lower volatility than the share market, and high demand given everyone needs a place to live. While every investment has inbuilt risk, the ultimate aim is, of course, to minimise risk. In addition to having the most accurate assessment possible of where the market is at, it's just as important to have a very clear idea of where you're at!
Being clear about your goals for investing in the first place is paramount. Is the aim to retire richer? Or earlier? Is investment income designed to supplement current income or completely replace it? Personal goals inform both pre- and post-purchase decisions, such as: the type and location of the property; whether to renovate and develop or buy and hold; and how to grow and manage your investment portfolio.
Effective planning and mangament of your financial affairs is essential. Investment tax is complex and you will need a specialist accountant. Becoming as educated as you can about investing in the property market using trusted, reliable resources is crucial.
There are some things in life you can control - and others you can't. The better you look after 'your own back yard', in terms of clear goal setting, financial management, becoming educated, and securing the right expert advice, the higher the likelihood of success.
Elders, established in 1839, have been successfully navigating fluctuations in the property market and economic ups and downs for almost 170 years. Elders agents are backed by an extensive, cohesive network spanning Australia and abroad. For more information on how to make the most of your investment, contact Trent Ryan at Elders Real Estate Redcliffe at 23 Redcliffe Parade 4020 or on either (07) 3883 2366 or 0421 217 574.
PRESS RELEASE
04 Nov, 2008
In these tumultuous economic times a high level of opportunity exists in the property market. This is primarily because prices can fluctuate wildly, making it difficult for buyers and sellers to accurately establish property values. There is a definitie air of opportunism during these times: buyers and sellers can get it wrong, but those who get it right are set to make the most of current opportunities.
While the property market swirls in this state of flux, we are also experiencing softer and reduced prices, falling interest rates, low vacancy rates, and relatively high rent yields. Investors who can hold their nerve and the resultant debt are in the box seat when the inevitable market bounce comes.
Old hands in the property market understand the cyclical nature of the economy and the property market. It is never a matter of 'if' there will be a rise or fall, it is simply a matter of 'when and by how much?' What we are experincing now is an economic downturn that has been a long time coming, perhaps akin to a bushfire cleaning out the forest undergrowth in preparation of new, prolific growth.
Local real estate agent, Trent Ryan from Elders Real Estate Redcliffe says "History will show great moves in property have come from intelligent observation and investment during these economic downturns. While many property owners or buyers 'go to ground' during these times, savy investors come out of hibernation".
Fear and greed are the main protagonists in the game, weakening seller's resolve and buyer's daring. Those who understand the market and inherent values are ready to move when undervalues property comes onto the market. In the case of sellers who buy and sell in the same market, it might be just the time to secure an improved property holding.
Trent Ryan also states, "We advise our clients to work with us and avail themselves of our experience and knowledge and to fully investigate the market. Property transactions in this climate can produce great gains; but be warned, there are also risks. Contact Elders Real Estate Redcliffe on (07) 3883 2366
INCREASE IN FIRST HOME OWNER'S GRANT
01 Nov, 2008
First Home Owner Grant Changes:-
The Australian Government has announced a First Home Owner Boost, which supplements the Queeensland Government funded First Home Owner Grant Scheme.
According to the announcement from the Commonwealth:
- First home buyers who purchase established homes will receive a boost of $7000 that wil double the grant to $14,000.
- First home buyers who build a new home or purchase a newly constructed home will receive an extra $14,000 to take their grant to $21,000, provided the home meets their relevant state or territory energy efficiency and sustainbility standards.
First home buyers will be elgible for the First Home Owner Boost on contracts entered into from 14 October 2008 to 30 June 2009.
To be eligible:
- You must not have previously held an interest in Australia prior to 1 July 2000. This includes investment homes
- You must not have previously held an interest in Australia on or after 1 July 2000 in which you or your spouse have resided (Ownership of an investment property after 1 July 2000 will not prevent you from obtaining the Grant provided you have NOT lived in)
Information from the Office of State Revenues website
Why Invest?
30 Jun, 2008
- Real Estate has always been a favourite investment choice for many Australians
- Real Estate can be purchased without having cash in the bank
- Real Estate can be purchased using the banks money whilst you reap the benefits of capital gain
- Investors can finance against their property to increase their Real Estate
- Real Estate has always increased in value over time
- A Real Estate asset is very tangible
- Real Estate can be a form of compulsory savings
- Real Estate can be a very effective tax strategy
When should I reduce the price?
16 Jun, 2008
Receiving no offers for a property (after a reasonable marketing period) is generally a clear indication that the property is priced will beyond its selling price. The asking price should be reduced without delay.
Buyers are attracted to a property by a combination two factors.
- the appeal of the property itself
- its asking price
If the asking price is too high many potential buyers may not even bother to look.
Time in the market is a valuable asset. The more time you spend in the wrong price range means the less time you have left to spend in the right price range where the buyers really are. The result is you have less hance to achieve the highest price because the buyer has probably move on to another property.
Pricing is an important factor and requires careful consideration and constant assessment. Anyone can put a high price on a property but it is the rare seller who actually achieves the highest price.
ATTENTION LANDLORDS!
16 Jun, 2008
Terri Scheer can cover you for:
~ Loss of Rent~ Loss or damage- Contents
~Loss or damage- Building
~ Legal Liability
~ Tax Audit
For more information click here
Buyer pitfalls and tips for success
11 May, 2008
1. They don't act quickly enough to make a decision and someone else buys the house.
2. They don't ask enough questions of their finance lender and miss out on the best deal.
3. They don't do enough to make their offer look good to a seller.
4. They don't find the right agent who's willing to help them through the home buying process.
5. They don't think about resale before they buy. The average first-home buyer only stays in their home for 3 to 5 years
Thinking about buying or selling?
11 May, 2008
Visit 'Our People' and learn more about the exceptional staff we have on the Elders Redcliffe team.
Realistic prices sell homes faster!
11 May, 2008
Many home owners believe that once a buyer sees their home, they'll fall in love with it, and immediately make an offer. Furthermore, they are convinced that the buyer's desire will be so high they'll make an offer close to the asking price, even if it is excessively high.
In reality, most home buyers will make a realistic offer irrespective of the asking price. So the closer your asking price is to the realistic price, the better the chance is of selling faster. Additionally if your asking price is way too high, it will discourage many potential buyers from even inspecting your home.
If you are selling, don't be fooled by keeping the asking price high, marketing time is valuable, if your property lingers around too long, it becomes 'old hat'. If your home spends too long in the wrong price range, it's missing out on valuable time in the right price range where the buyers are. You probably have less chance of getting a good price because potential buyers have probably already bought other properties.
Price is an important factor and should be carefully considered. Your price should be constantly assessed in discussions with your agent.
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