| GIVE AND TAKE. The Federal budget tax rates down marginally. State tax rates show a two tier $1,500 reduction in Mortgage Duty and local council charges have increased. Nett result. Property taxes up about 2% with the ‘tax free day’ still around Anzac Day annually. Despite cost of living, living still remains popular. Next election vote for the person who promises you nothing. |
BY THE PEOPLE – FOR THE PEOPLE – The aim
of Government. It takes 30 to 40 weeks to get an average subdivision Council approval and Council infrastructure costs take upwards to 25% of gross sales price. (I believe the aim has been lost in the development process). |
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| WILL INTEREST RATES INCREASE? The bond markets say “yes”. In March ’07 our Aussie ten year rate was 5.6%, up in June to 6.25%. The USA rate jumped from 4.5% to 5.25%. Brisbane real estate pricing to increase by 22% over 3 years (Bis-Shrapnel). Also factor in housing loan rates to rise from 7.5% to 8% before Christmas. Reserve Bank Governor expecting inflation at around 3% |
LIGHT TRAVELS FASTER THAN SOUND. THAT’S WHY SOME PEOPLE APPEAR BRIGHT, UNTIL YOU HEAR THEM SPEAK. | |
| FRIDGE MAGNET ENCLOSED FOR LIST OF PAYMENT DATES FROM OUR TRUST ACCOUNT. | ECONOMIST, DR FRANK GELBER says South East Queensland is setting up for a boom between 2007 and 2012, with building commencements around 40% below demand. My personal experience is that my spec builders of single dwelling houses are sold ahead to Christmas and, try as I might to find 3 brand new, ready to rent houses for investor purchase by June 30, to $380k, none could be found. |
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| THE MULTIPLEX PORTSIDE WHARF project at Hamilton seeks Council approval for 700 units in 11 towers ranging to 20 storey maximum. A similar story in many Brisbane suburbs (Chermside, Nundah, Everton Park) with oversupply looming. If all approvals are constructed, 86% of unit sales will be to investors. | EVERYONE HAS A PHOTOGRAPHIC MEMORY……. SOME DON’T HAVE FILM. | |
| LAND APPRECIATES BUILDING DEPRECIATES Land content is now 40-50% of the investment package value. Our Christmas stock – New estate- Land (from) Turnkey construction Value Rental Value Property growth to average 7% p.a. and ‘out of pocket’ cost for new housing at $100 per week after tax and depreciation. |
$190,000 |
SHORT TERM THINKING – PETROL TOO CHEAP. If the ACCC keep prices down, won’t Australia emit more greenhouse gases and create more carbon emissions. As higher petrol prices keep inflation up and underscore a better performing economy property market, why not increase the government take per litre? |
| YOU CAN’T HAVE EVERYTHING, WHERE WOULD YOU PUT IT? | I COULD’T CARE LESS ABOUT APATHY. | |
| RESOURCES The resources boom has Queensland exporting at record rates. With a rosy future for continued growth beyond the $210 billion in 06/07 for Australia. Gold – up 55%; Iron ore – up 30%; Natural Gas – up 40%. And this is in a year with massive weather disruptions contributing unplanned downtime. Downside is a shortage of skilled tradespeople, as many have accepted work in he mines. |
NEW ASSETS TEST September 2007 will see many eligible for pensions. The cut off point for joint homeowners will be $818,000 and $63,310 per couple per year for the income test. Rental property is assessed for assets test as the nett property value (after loans) and the income test is nett after all costs. “Top move, and just before an election too’. |
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| NORTH PINE DAM - Under 14% capacity. Waterwise your investment. Email us today to request an inspection to save water. | VALE – Kathy Harris – to cancer on 28/5/07 – wife of former PM staffer, Mike Harris. Top midwife at North West Hospital. | |
| NEVER TAKE A BEER TO A JOB INTERVIEW. | VALE – Robyn Whitfield – to cancer on 10/6/07 – former Property Manager of Pine City Properties – later owner of Robyn Whitfield Properties of Burpengary. | |
| SAFETY SWITCH – If you don’t have one in your Queensland property when you read this, then its past July 1st and you are probably NOT insured. IT’S NOT OPTIONAL. | QUEEN’S BIRTHDAY HONOURS In the Pine Rivers Shire, three awards of Order of Australia Medal were announced including yours truly, Peter Matthew Langley Campbell, for services to the Real Estate Industry and Community. Thank you. |
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| AUSTRALIAN DEBT now at 140% of annual earnings. In 1990 it was 50%. Tenants’ wages not keeping pace with rental increases. Dun and Bradstreet shows 52% of bad debts are for those under age 32. Our qualification method is strict. | JULY 23RD, INVESTMENT SEMINAR at Mahaca House, Albany Creek with “real life” case studies. Tell your friends and book with Teresa on (07) 3264 2311. | |
| FREE ACCOMMODATION The furnished flat for landlords is getting regular bookings with virtually “no space at the Inn” in August or September. Booking via janie@petercampbellrealty.com |
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| © Peter Campbell Realty - Albany Creek Office: | |
| Phone 07 3264 2311 Email: sales@petercampbellrealty.com | |
| Caboolture Office: | |
| Phone 07 5495 7811 Email: salescaboolture@petercampbellrealty.com |