Newsletter
Hi All
Good News for the Property Market
Property activity is expected to increase in the first quarter of 2010, thanks to strong demand from investors and up-graders. It is unlikely that we will see the high level of capital gain experienced in 2007, but the pain experienced in 2008 appears to be over.
Investors are being enticed into the market and they could well fuel the majority of activity in the property market throughout 2010 as rents increase and a declining number of first home buyers enter the market
A recent survey shows the majority of investors, 52 per cent, believe that Queensland is past the bottom of the property cycle which is good news indeed for 2010.
New Sustainability Legislation to Affect All Sellers in 2010
The Sustainability Declaration is a compulsory form that must be completed to the best of the seller’s ability and knowledge before a house, townhouse, duplex or unit is offered or marketed for sale from 1 January 2010.
The declaration will help inform buyers about the sustainability features of the property and increase community awareness of the value of these features.
For more information, please contact any of our skilled sales team.
As always, if you have any questions about the above, or about your own financial situation, please feel free to call me on the numbers below.
Kind Regards,
Tony V
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I would like to share this email with you all
The Gold Coast Bulletin, February 2009.
Investment properties making a comeback. A rise in the number of investment properties whose rental returns exceed the cost of the mortgage will trigger a recovery in the housing market. Cuts to official interest rates, and years of foundering prices and rising rents means investors can now buy properties that will return about as much in rent as they cost in mortgage repayments,
The Australian reported. "There is a real possibility we will see positively geared properties emerging this year in the affordable markets of the southern capitals," said SQM Research managing director Louis Christopher. "Vacancy rates are still very tight at the affordable end of the market so rents will continue to rise in the sector in 2009, further boosting returns for investors.
"Mr Christopher said small inner-city apartments or cheaper outer suburbs would be the areas most likely to experience the emergence of positively geared properties as rents continued to grow. Before allowing for expenses such as strata fees -- or advantages such as depreciation tax breaks -- the weekly costs of holding the property, based on a loan hypothetically covering 100 per cent of the purchase price, would be $372 a week.
Mr Christopher said tight rental supply and the high entry point of many traditional blue-chip properties meant cheaper homes currently represented the best investment opportunities. The Australian, February 16, 2009
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PROPERTY IN QUEENSLAND
Buying Property in Queensland
Owning a piece of Queensland's beautiful coastline or nearby hinterland is a dream shared by many. Prime locations on the Gold and Sunshine Coasts have experienced impressive price gains and so have many coastal towns and cities further north. Email Tony V Real Estate for your list of hotspots and reveal a few well kept secrets.
How's the Brisbane property market really going?
Brisbane property investors are aware of the strong fundamentals sustaining real estate prices in their city - but this doesn't make them any less nervous as they've watched prices fall in parts of Sydney and Melbourne. Toni Case talks to Tony Velissariou and gets the low down on Queensland's biggest market.
Buying property with your mates
In times of spiraling property prices and lowered housing affordability many people, especially young people, get together with friends or relatives to buy a house or unit. But it may not be as straightforward as you think. Tony Velissariou explains what you need to know.
For Queensland property information call Tony V Real Estate on 07 55351551 / 0418 202858 or email tonyv@tonyvrealestate.com.au
Information For Home Buyers
First Home Buyers
Congratulations on the decision to begin the process of purchasing a residential property.
Your first step should be identifying the type of property that you wish to purchase. As the Queensland property market is rapidly expanding offers a wide variety of residential options including Established Houses, Units/Townhouses, New Houses, Vacant Land and Multi-Unit Dwellings which include duplexes and flats.
After evaluating the type of property best suited to your needs, you will need to establish a price range and areas in which you wish to purchase. You can view a variety of properties as a sample in the Residential Sales section of this website. This will give you a rough idea of homes that fit your requirements.
First Home Buyers are also eligible for the First Home Owners Grant of $7,000 to assist you with the purchasing of your first home. To find out whether you are eligible to receive the FHOG click here and complete the eligibility checklist.
Finance
Now is the time to approach a financier who can assess your current financial position and advise of the amount that you can afford to borrow. Our Home Loan Calculator can be used as a guide to indicate the amount that you can borrow.
Generally you must have a deposit which has been saved totaling 5% of the purchase price in addition to any costs of purchase. Costs usually include stamp duty, loan costs, mortgage insurance and conveyance fees.
For a more accurate and personal assessment, whether you are looking to purchase a home or investment contact a representative of Your Bank and make an appointment after or during business hours in the comfort of you own home. This is a free service.
Legal’s
Legal property conveyance can be handled personally or by an appointed solicitor. We recommend that you engage the services of a solicitor who will represent your interests in the property transaction.
A quality legal representative will ensure that your property purchase is concluded with a minimum of fuss and stress and ensure that the property you are purchasing has no hidden problems. To ask any questions about conveyancing or obtain a quote on your conveyancing contact us now.
Property Inspections
When you enter into a contract to purchase a property you have the option of obtaining inspections on the property at your own expense. The standard contract has provision for a building inspection and pest inspection but other inspections can be obtained by asking your agent to include these in the special conditions of the contract.
Making An Offer
Once you have decided on the property that you wish to purchase it is time to make an offer by signing a contract. With the assistance of your agent you must stipulate the conditions under which you wish to purchase the property (eg. subject to finance).
Then it is simply a matter of coming to an agreement with the owner of the property through negotiations. This will be completed with the assistance of your agent as your representative. Sample contracts of sale for houses/land and contract of sale for units and strata titled properties are available for your perusal.
Once the sale has been negotiated you must pay the specified deposit to the agent, for he/she to hold in a Trust Account until the date of settlement or the contract is terminated (eg. Finance declined). You then usually have 7-to-14 days to obtain finance and the inspections and the total length of a contract is usually 30 days.
GST And Property Residential property was left relatively unscathed by the introduction of GST on 30th June 2000. Unlike the cost of building a new home, there is no direct added cost to the buyer on the actual purchase price of an established residential dwelling.
Auctions
When a property is offered for sale by Auction there are special Auction conditions which are specified by the Vendor on the contract. The contract used however the standard REIQ contract is.
Basically buyers bid on the property in a previously nominated location by indicating to the Auctioneer the price which they are willing to pay for the property.
A sale under the hammer at Auction is "unconditional" and settlement will occur 30 days later unless otherwise specified by the Seller. Buyers must have finance arranged as well as carried out any inspections on the property prior to the Auction.
A deposit usually of 10% is to be paid by the buyer if they are the successful bidder.
Free Market Appraisal
Considering Selling?
If you are considering selling your property one of the major considerations is setting the listing price or reserve price if selling by Auction.
Whilst we cannot provide a sworn valuation as provided by a valuer we are able to provide you with an insight into the market and its recent movements.
We have access to databases of sales in all areas throughout Queensland and we can also provide descriptions of properties that have been sold within the Your region. This enables us to give you completely objective price indications and empower you as the vendor with the latest market information
We can assist you with positioning your property in the market to provide a quick sale at a maximum price and you will become the most informed seller in your area.
If you would like one of our professional Sales Consultants to provide you with a free, no obligation market appraisal email us today at tonyv@tonyvrealestate.com.au phone Tony V on 07 55351551 /0418202858. Just For Interest's Sake? If you’re interested in finding out how much your home may be worth in the current market, Email Us With A Brief Description Of Your Home And The Address, and we will email you a list of recent sales in your area.
No matter what your Real Estate needs are, Tony V Real Estate are pleased to be at your service.
Hello, hello
This is the first of a regular newsletter we will be distributing in the Burleigh Industrial area to try and keep our tenants and property owners abreast of what is happening in the local market.
Our first letter coincides with a new “old boy” joining Tony V Real Estate -
ANDREW RAMSEY has decided toTony V Real Estate with us and provide some provide some old style services . Andrew has been involved in Real Estate in one way or another for over 14 years on the Gold Coast and has specialized in .You may know Andrew from his recent years.
Andrew enjoys working in this area and in “family-style” business which offers a better opportunity to provide services on a level not usually experienced in a large office situation. Howev er, now Andrew has decided a change is due and he is looking forward to a new challenge with us. We are very happy to have Andrew with us and his experience should prove to be invaluable to us all.
If you have any questions regarding your Industrial Property, please don’t hesitate to call Tony V on 0418 202858 or 07 55351551 l tonyv@tonyvrealestate.com.au
If you are thinking about any changes to your current situation, call
When you choose Tony V Real Estate as your Buyers Agency to help you locate your next investment property the following process occurs:
Step 1 - We establish your investment requirements
We initially have a free consultation to establish your investment requirements. Your long-term intentions are important because this will determine the type of property, the suburb and the strategy that we use.
If necessary, we refer you to our finance affiliates, accountants or solicitors to ensure that you are going to be buying your investment in the right structure to protect your assets and maximize its return.
Step 2 - Property search
Once you give us the go ahead, we'll undertake a comprehensive search of properties available for sale in your target market. We not only have access to the properties listed on the open market, but also to many "silent sales" before they come on the market.
We will inspect many properties on your behalf, saving you time and money We then prioritize them, identify good opportunities and present them to you (by email if required) for your selection. To assist you, we include digital photos of the property, location maps, floor plans and further details as required. If one of the properties is suitable, we will then arrange an inspection time for you.
Step 3 - Due diligence process
If you are keen to proceed with one of the properties, we will then further evaluate and assess it. We may arrange a building inspection or get your solicitor to assess documentation and the Contract of Sale.
We will research why the vendor is selling the property and establish a level a level of interest in the property by the general market to enable us to establish the best way of negotiating for its purchase. We will identify comparable sales and rentals in the area and assess the potential capital growth of your property based on historical trends and future indicators.
Step 4 - Valuation
Through our access to industry databases, we can obtain up to date information about the history of the property, including its last sale price. We will assist in determining its value using comparable sales data. We can also arrange a valuation by a registered valuer if needed.
Step 5 - Acquisition strategy
If you decide to proceed, we will develop a suitable acquisition strategy to ensure we buy the property at the best price for you. We will negotiate with the agent on your behalf or bid at auction to ensure that you obtain the property for the lowest possible price.
Once you have purchased the property, Tony V Real Estate can you manage your asset ensuring that you obtain maximum return from your property. In South East Queensland we work with a panel of proficient property managers
Please call us on 07 55 351551 to find out how we can help you buy a top performing investment property. It’s a great having an agent on your side, working exclusively for you, giving you insider information on the property market.
Please Call Tony V on 0418 202 858
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