Labor has announced a ten-year plan to build 250,000 new homes

The Queensland government has declared a Cross River Rail Priority Development Area as it prepares to build a new underground station in the heart of Brisbane city. Go here for full article

A solidly performing southeast corner property market beat predictions of doom and gloom as Brisbane, the Sunshine Coast and the Gold Coast all posted record annual median house prices in the September quarter of the REIQ Queensland Market Monitor report. Read full report here

Here is how HTW's year in review describes Brisbane

As an overall performer, Brisbane was “unexciting and safe”.

“We are now used to being a modest but positive performer when it comes to capital growth.”
Across the Brisbane market, the inner-city and near city addresses have been tightly held in 2018.
 

“Not surprising really – these locations are perennially strong performers,” the report said.Brisbane's middle ring also fired up in 2018 and remained desirable due to affordability and proximity to lifestyle nodes, infrastructure and public transport.Thanks to major infrastructure projects such as continued works on Queens Wharf and the Howard Smith Wharves, Brisbane gained a “more positive profile” in 2018.

Where is Brisbane on the property clock? Herron Todd White says Brisbane is a "rising market". 

Brisbane house prices are forecast to rise faster than any other capital city over the next two years

Or is that just wishful thinking?

Irrespective of how much research and investigation you have done you cannot guarantee the amount of growth you will achieve or the time it will take to achieve it. Even if an area looks like it is about to take off and all the pointers are there. There is no guarantee that will happen. 

That's because many of the drivers of growth will be outside your control - you can't control the economy, government decisions, lender policy, business decisions, global markets, interest rates etc.

You also don’t know when the market is going to hit the top and start declining. Look at Sydney which had enjoyed double digit growth for about 5 years. The heat has now come out of the market and prices are declining. Which means people who bought in the last 12 months in particular are now seeing their asset value slip.

In most cases gains in property like any investment are going to happen over the long term. Sure, short term wins can happen but building your whole strategy around that would be more like speculation rather than investment. 

If you take a longer-term view, growth continues to be important but so does cashflow. You need to be able to afford to hold this property through all the ups and downs that the market and life might throw at you. If a property is costing little to nothing to hold or in fact fully paying for itself then holding over the longer term becomes much more manageable.

That's why our approach with clients is to develop a strategy and find property that will have little to no impact on their household budget and lifestyle.

What's your strategy?
Click here to go to my calendar to Book in for a FREE telephone appointment with me to discuss how you can benefit from the current market.

 

Thanks

Greg Carroll
07 3849 9822
MORE THAN ACCOUNTANTS

DOWNLOAD FREE REPORT HERE

***“Where do so many First-Time property investors go wrong?”***

Property investment can be a highly effective way to build wealth and minimise tax.

But here’s the problem…

Of Australia’s 1.7 million property investors only 27% own 2 or more properties.

That’s a whopping 73% that never get past ONE property

So why do so many First-Time Property Investors remain First Time Property Investors?
 

Because many unknowingly make fundamental mistakes that will prevent them from progressing past that first property. Mistakes that drain their cashflow, cost them capital growth and see them pay way too much tax.

It’s so vital to choose wisely for your first investment property as getting this right can set you up for further investment.

And getting it wrong can see you stuck on property ONE for an eternity.

Which is why our team here at "More than Accountants (MTA) Group" have put together a special guide that gives you the knowledge you need and the traps you need to avoid to make the right property selection first time.

The FREE guide is called:

“The 7 Deadly Property Investor Sins”

Here’s a sneak peak of what’s inside:
 

• What’s happening in the Brisbane property market right now

• The massive problem brewing for 6 out of 10 Australians

• The NUMBER 1 critical question most first-time investors miss which sets them up for failure before they even start

• Why you are probably leaving $26,000 or more on the table every year

• The 5 critical factors that can slash your tax

• 13 cashflow drivers that every investor should be looking for

• One of the biggest mistakes most investors make with their finance

• The paradox of Risk

PLUS we will look at

• 3 Brisbane property hotspots that offer great affordability, great returns and great growth prospects.

• The area with population growth that’s 3 times the rest of the state

• The suburb that the Govt is pouring $50million into

• The ‘power combo’ area that ticks all the boxes for gold-class property investment

Make sure you grab your FREE copy here

As Generation Y begins to enter the housing market, there could be a change in the types of dwellings sought after, a new report has suggested. READ FULL ARTICLE

John Holland have been awarded the contract to deliver significant upgrades to Morayfield, Strathpine and Boondall Stations. The scope of the project includes: providing new pedestrian footbridges, lifts to all platforms, improved shelters and raised boarding platforms. Lighting, signage and security measures will also be upgraded as part of the project. All three stations will remain open while our works take place, ensuring minimal disruption to commuters. “We care about ensuring all rail customers have safe access to transport, regardless of their age and ability. We are passionate about making it easier for people to get around our cities, and minimising disruption during the building process,” CEO Joe Barr said.

Did you know that 73% of property investors never get past one property? Correct research and property selection at the outset is vital so your investment plans don't stall. To discuss your investment plans Click here to Book in for a FREE telephone appointment with me..

I look forward to talking with you
 

Thanks

Greg Carroll
JOIN our Facebook Investment Group
07 3849 9822
MORE THAN ACCOUNTANTS