The Australian Property Centre

Posted on 28. September 2011 22:38 by qbentleym

Imagine discovering....

A property investment:

-that has outperformed in capital growth the major Australian cities like Sydney and Melbourne...

-that has also out-performed prime central London, including London Docklands, AND Chelsea and the Royal Borough of Kensington...

-that continually has 99% occupancy rates of rental property

-that has an extraordinary low amount of secondary resale property on the market, (as no one wants to sell if they own here)  

-in fact, compared to the Brisbane CBD and the Melbourne CBD’ for example, the amount of apartments and houses on the market is 86% less and 95% respectively.

-that has been rated as being one of the “Top Ten Asian Cities of the Future”

-that has a huge and continuing population growth

AND......

-that according to statistics published on the Global Property Guide, and API, has

     -The World’s highest average rental yield for investment property, of developed countries.

     -And the world’s lowest per sq metre rate for new build apartment prices.

-that virtually all banks will lend up to 80% on for financing.

- that is a direct beneficiary of the world and particularly Chinese demand for resources.

-and what if you then discovered that this location has strict development and height restrictions, limiting any future buildings in height and in supply.

- and just a few minutes to beautiful sandy beach, with pristine clear water.

-allowed foreign buyers to purchase freely,

and

-offered Freehold Title.

WOULD YOU BE INTERESTED IN SUCH A PROPERTY INVESTMENT?

 Of course you would.  The Citylife property Group is currently offering just such  a project.

Posted on 28. September 2011 22:29 by qbentleym

The Great Australian Rental Boom. 

It’s the rental Boom Australia had to have.

It’s the rental boom Australia had to have, with some commentators describing it as a “a perfect storm” that has blown away forever cheap rental accommodation.
 The lack of new construction and supply over the past 5 years, unprecedented new migrant arrivals, the population growth, combined with the huge lack of property available to rent and full occupancy rates, plus many Developers cancelling new construction due to Developer finance  drying up, all points to a crisis situation for tenants and shortages of accomodation, with rising rentals for years to come.

The Global Financial Crisis made this situation worse in Australia, as opposed the USA, where there were thousands of empty houses. Australia has the opposite problem.

And now, new figures out in September 2011 show Australia could face a house shortage of over 500,000 within 9 years.(Housing Industry Associatiion Report, 1 September, 2011)

Posted on 28. September 2011 22:26 by qbentleym

WHEN SHOULD I APPLY FOR A HOME LOAN IF I AM MIGRATING, AND CAN I EVEN GET ONE?

In short you are always best to apply for your loan while you are still in your current position.

Whether the loan is for an investment property or your intended home, banks will be more favourable if you are still gainfully employed and in a position held for many years.

The Australian Bureau of statistics reveals that most new migrants try to buy a home to live in WITHIN the first 12 months of arrival in Australia. This is completely logical and understandable.

However, many migrants overlook two critical points.

First,they usually only start to look and think about property after they get their approval. This is completely understandable. However, it would be wise to start all your planning IN ADVANCE, so that when your approval comes through, you are ready to make your move. There are several very sound reasons for this.

First, it may take you 6 months to do your research, plan a trip , look at properties, tax, finance etc. That is 6 critical months lost forever. Both for your mortgage, but importantly, for your tax planning.

The sooner you have an investment property before arriving in Australia, the lower will be your tax rate.

Second, and possibly of more important, and is the issue you have raised, is your potential to obtain a mortgage. Unless you have a secure job already planned for your arrival, there is a real RISK you will not actually get a mortgage.

Not withstanding that you may have an intention to relocate at some future date, unless you have actually resigned formally, you should get your finance in order well prior to departure.

Many migrants overlook this. 

 They assume, often wrongly, that because they have been employed for 10, 15 or 20 years, somewhere else, they will automatically get a loan in Australia, even without an immediate job.

The key in everything is to try and plan as far in advance as possible to ensure the smoothest transition to Australia.

IN SUMMARY , WHAT ARE WE SAYING?

IT'S SIMPLE.

1.We are simply saying that we really believe that  if you are migrating, it is very important in most cases, to organise a loan preapproval for you NOW.  And you really should go to Australia straight away, and buy the house you will move into. (Rent it out until you arrive.)

2.This will give you tax relief, as well as enable you to get your loan in advance.

3.If this is not possible, the next best option is to get a LOAN PRE-APPROVAL before about a month before you go,as these usually last about three months.

Then, you'd need to find the house within 2 months of arriving.

4.If none of these options suit, then there is a risk you will not be able to get a loan when you arrive.

F

Posted on 26. September 2011 12:44 by qbentleym

 Is NOW the Right Time to Enter the Australian Real Estate Market? Or should I wait?

 

When the the Banking sector and financial markets went into turmoil in 2009, many people asked: what would happen to Australian property?

 

People were surprised to find the Global Financial Crisis had little impact at that time on the Australian property market, and now wonder what will happen next?

Are prices overvalued? Will the market crash? And if so, by how much? When should I make my move? What will happen to rents over the next few years? How do the Australian cities  Australia rank in world terms for prices?

 

This NEW REPORT, completely updated  to reflect current market conditions looks at  market trends and conditions, examines the current situation, and reveals for the first time startling data just released by the Australian Government that is likely to have a profound effect on the market over the next 6 months. 

 

For anyone thinking of investing in Australia between 2012 and 2014, there is a "must read" FREE report NOW available on our website.