Mortgage Lending Restrictions Relaxed by APRA

Will the home loan rule relaxation from APRA allow for bigger mortgages?

Yes, people may be eligible for larger home loans as APRA allows lenders to change the way they assess a prospective home buyer’s ability to meet repayments.

The Australian Prudential Regulation Authority (APRA) has decided to relax stringent lending restrictions on banks and other financial institutions.

First Home Buyer

The First Home Buyer will have an additional benefit: The First Home Owners grant

What does that mean for you? 

Banks no longer need to check to see whether their residential customers can afford, at least, a 7 percent interest rate on their home loan repayments. 

Under the new standard, implemented by APRA on Friday, 6 July 2019, the banks will have the freedom to set their own serviceability buffers. 

However, the regulator said on Friday that banks can set their own minimum interest rate floor and do their calculations, using a 2.5% buffer.

Therefore, as many banks now offering variable mortgage rates in the

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low-3%s, many borrowers are likely to be tested at a rate below 6% per annum when banks decide whether they can afford to repay their loan.

APRA’s chairman, Mr. Wayne Byers said: “In the prevailing environment, a serviceability floor of more than 7% is higher than necessary for ADIs (Australian deposit-taking institutions) to maintain sound lending standards,”

However, your household debt will still be taken into consideration.

According to an analysis done by Rate City, a family on an average household income of $109,688 would be able to borrow up to around $60,000 more if their loan was assessed at 6.25%.

For a single person in the same scenario, it allows him/her to borrow up to about $50,000.

Want to take advantage of this amazing opportunity?

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Wayne Byres said that the switch was justified by the ultra-low cash rate set by the RBA of 1%.

APRA’s chairman, Byres said: “The changes being finalised today are not intended to signal any lessening in the importance Apra places on the maintenance of sound lending standards,”

“This updated guidance provides ADIs (authorised deposit-taking institutions) with greater flexibility to set their own serviceability floors while maintaining a measure of prudence.”

Byres said that the new rules were appropriate in the current market.

The average interest rate on a standard variable rate loan is set to drop below 4% when lenders reduce mortgage costs, in response to this week’s second straight monthly reduction in the cash rate by the Reserve Bank.

“In the prevailing environment, a serviceability floor of more than 7% is higher than necessary for ADIs to maintain sound lending standards,” Byres said.

“Additionally, the widespread use of differential pricing for different types of loans has challenged the merit of a uniform interest rate floor across all mortgage products.”

When Apra first introduced the serviceability guidance in December 2014, the official cash rate was 2.5 percent in an effort to reinforce sound residential lending standards.

For nearly three years the cash rate was at a historic low of 1.5% before being cut in June and July by .25 percentage points, to reach its current 1%.

Four of the big banks have passed on the majority of the recent cuts to customers, however, they have pocketed some of the cut in the interests of savers, shareholders and their bottom line.

Byres said it is crucial that lenders remain vigilant since he acknowledged that Australian households were already highly leveraged.

“With many risk factors remaining in place, such as high household debt, and subdued income growth, it is important that ADIs actively consider their portfolio mix and risk appetite in setting their own serviceability floors,” Wayne Byres said.

“Furthermore, they should regularly review these to ensure their approach to loan serviceability remains appropriate.”

Byres said that a majority of the 26 submissions Apra received since May had supported its proposals.

Source: The Guardian

Now, is most certainly the time to buy a home! If you are interested in buying a home, please CLICK HERE so that you can apply right away.

 

Affordable Homes

Where will you find the Best Affordable Homes around Brisbane?

Affordable Homes

For people who are earning more than $75,000 per year and looking for New Affordable Homes For sale, check out the list of Greater Brisbane suburbs with prices under $400,000

  • Eagleby – Price: $230,000 that offers 6.3% Rental yield
  • Burpengary – From $367,000
  • Morayfield – From $380,000
  • Caboolture – From $399,900
  • Bahr Scrub – From $389,000
  • Logan Reserve – From $369,900
  • Redbank Plains – From $399,900
  • Flagstone – From $399,900

 

Real Estate AustraliaGet your information on our variety of Affordable Homes

Affordable Homes

What is considered as Affordable Homes?

Well, since every person is different with a different income, one can’t really say that a specific price range that describes affordable homes. It relates more to the individual’s ability to repay a home loan.

The affordability for each person can be determined by calculating the repayments of a home loan. We will put you in touch with a mortgage broker to assist you for the best results. 

Let’s start with the first on our list….Eagleby:

Eagleby

Price: $230,000 – 6.10% to 6.3% Rent Return – Investors Only

Eagleby

You don’t see this often….an investment property for under $250,000!

More information on the project:

This project is a boutique size development made up of 18 townhouses offering 1 bedroom, 1 bathroom and single car lock up garage homes.

All townhouses have an open plan kitchen and living room, with split system reverse cycle air conditioning to present comfortable living for residents.

Centrally positioned, this development is located approximately 35km south of Brisbane’s CBD within the Logan City region.

This popular community is located near train stations, the Pacific Motorway and the Logan Motorway, making commuting to the Brisbane CBD or Gold Coast a viable option.

With Logan Hyperdome Shopping Centre and entertainment precinct just a stone’s throw away, this complex has your everyday needs covered.

Close to a selection of highly reputable private and state schools, TAFE’s, and childcare centres as well as golf courses and country clubs, this development is an ideal place for families to grow.

Property Features:

Stone benchtops & stainless-steel appliances to kitchen
Ceiling fan light to bedroom
Remote control garage door
Vertical blinds throughout
Air-conditioner to living area
Security screens to windows & all external doors

Burpengary

Prices from $367,000

Affordable homes in Burpengary

Affordable homes in Burpengary From $367,000

 

This is one of our One Contract House and Land Packages with 3 Bedrooms, 2 Bathrooms and 1 garage plus a patio area.

Like all our House and Land packages, this is a Fixed Price, Turn Key solution.

Burpengary, Morayfield and Caboolture are all in the Morton Bay Regional Council Area, spanning 2,037 square kilometres is located in south-east Queensland and is bounded by the Sunshine Coast Council area in the north, Moreton Bay in the east, Brisbane City in the south, and the Somerset Regional Council area in the west.

The Moreton Bay region is the key growth corridor north of Brisbane. Its major centres are a short distance from Brisbane’s city centre (Strathpine 22kms, North Lakes 30km, Redcliffe 35kms and Caboolture 50kms). The region has easy access to the Brisbane CBD, Brisbane Airport, Port of Brisbane and major transport routes in South East Queensland.

Its ease of access and competitively priced residential and commercial premises and land has attracted numerous new residents, a highly skilled workforce and over 27,000 businesses (2018) and has underpinned the region’s strong economic performance.

Moreton Bay Regional Council is committed to improving the attractiveness of its main centres of business and employment and to providing opportunities for local business growth, and new business investment to support and complement continued strong population growth in the region.   Source: Remplan Economy

Morayfield

Prices from $380,000

Homes for sale in Morayfield

Morayfield has several Affordable Homes available at the moment

Caboolture

Prices from$399,900

Caboolture

Would you be interested in living in Caboolture?

Bahr Scrub

Prices from $399,000

Bahr Scrub

Have you thought of living in Bahr Scrub?

Information on Bahr Scrub

Perfectly placed amongst abundant amenity, Bahr Scrub is located in the thriving growth corridor between Brisbane and the Gold Coast.

With the Pacific Motorway (M1) 5.4km from Bahr Scrub and the nearby convenience of Beenleigh train station, commuting to work or enjoying a weekend escape is easy.

Grab a cup of coffee and fresh vegetables at the Early Bird and Breakfast Markets, indulge in retail therapy at City Road, Beenleigh and enjoy the convenience of your local Holmview Central Shopping Centre.

The area includes many places to socialise. Catch up with friends over a quiet drink at the Windaroo Tavern or indulge in the famous choc chip waffles at the Belgian Chocolate Saloon.

Hammel Park is home to a range of sporting clubs including the Beenleigh Rugby Club and Beenleigh Netball Club. There’s something for everyone, of all ages.

Bahr Scrub has a wide range of educational facilities within a 10km radius of home. For every child, of every age, you’ll find the perfect school for your children.

There are 32 child care centres conveniently located within a 10km radius of the Estate, ensuring your little ones will have access to early learning.

When it’s time for your child to start school, you can choose from Windaroo State Primary School, Beenleigh State School, Eagleby South State School, Eagleby State School and Canterbury College, all within a 10km radius of Brookhaven.

There are four schools within 10km of the estate, Windaroo Valley State High School, Canterbury College, Trinity College and Beenleigh State High School.

Griffith University Logan Campus is conveniently located just 15km from home.

Surrounded by rolling hills and framed by picturesque brooks, this master-planned community marries connectivity and privacy in a green pocket of tranquillity. The environment provides an idyllic backdrop for a range of community spaces, including viewing platforms, fitness nodes, walking trails, mountain biking trails, community gardens and local parks. Here, you can build the life you love with a house design of your choosing, or a carefully designed house and land package.

Surrounded by a diverse range of native flora and fauna including eucalyptus trees and tea trees, here, children and adults alike will be enchanted by the landscape that is so quintessentially Australian.

It’s more than a place where people and their families simply exist. It’s a place to discover the beauty around you at, Bahrs Hill and Clarks Hill and Buccan Conservation Park, a subtropical park home to kookaburras, koalas and abundant natural wildlife.

In my opinion, this is the ideal place to invest in. Whether you want to live there, or rent the house out, there are so many advantages.

Killara

Prices From $369,900

Kilara

Killara is worth checking out

Information about Killara and Logan Reserve:

Award-winning architecturally designed homes in a contemporary master-planned community in Logan Reserve.

The Single story terraces are designed to make the most of the surrounding green bushland whilst living in ultimate urban style. Enjoy low maintenance living combined with fresh open space, inspiring outdoor recreational areas and a vibrant community. With options for 3-bedroom, single garage and 4-bedroom, double garage homes all-encompassing high-quality inclusions.

Take advantage of this Full Turn Key Packages that starts from $369,900, with quality inclusions like:  stainless steel appliances, dishwasher, stone kitchen bench top, LED lighting, quality bathroom accessories, reverse cycle split-system air-conditioning, letterbox & fencing and fully exposed aggregate driveway.

The internal colour scheme has been styled and selected by professional interior designers, bringing a contemporary feel and a fresh perspective to your new home.

If it is an investment property you’re after, then this may be a good option for you, since the location is perfect for people who need to be close to train stations, the motorway and want to be close to beautiful park lands as well.

Where Nature meets Urban Style

The Estate is surrounded by green bush land and family park lands. It features boutique neighbourhoods, each with a character all its own, giving you a sense of exclusivity and intimacy with the surrounding environment. Active lifestyle is designed in to this address with multiple active and passive parkland spaces, including: adventure trails, parkland tracks, fitness stations and interactive play areas. This master planned address positions you on the doorstep of a vast range of established local amenities.

8 Reasons why you’ll love living in Logan Reserve:

  • One of Queensland’s key growth areas
  • 10 different education options within 10km
  • A short drive to the Hyperdome with an array of cafes and restaurants
  • 15 minutes to the Loganlea train station
  • Bus stops on Chambers Hill Road
  • Minutes to major shopping centres
  • Walking distance to Stoneleigh Reserve Park
  • Outdoor recreational activities

Redbank Plains

Prices from $399,900

Eden’s Crossing

Eden's Crossing

Have you ever looked into Eden’s Crossing in Redbank Plains?

Information on Eden’s Crossing

Eden’s Crossing is a Master Planned Community which is only:

 30 minutes from Brisbane

 15 minutes from Ipswich

 5 minutes to Springfield

 55 minutes to The Gold Coast

More than 200 families have already moved in to Eden’s Crossing to be close to the existing schools, future neighbourhood shopping, sports fields and creek side park lands. The community is growing quickly so infrastructure is being put in place to support that.

The master planned Eden’s Crossing community is next door to the new Fernbrooke State School and Staines Memorial College and will eventually be home to more than 1,200 families. Currently, Mt Juillerat Drive terminates at Creekstone Avenue and motorists backtrack to the existing onramp at Augustine Heights to get on to Centenary Highway.

Schools around Eden’s Crossing

Whatever style of education your family needs, Eden’s Crossing provides a huge choice of options. Eight childcare centres can be found within 5km of home, while local Redbank Plains Primary School and Redbank Plains High are on your doorstep.

A variety of private and state schools are also close by, including Staines Memorial College, West Moreton Anglican College, St Mary’s College, Springfield Anglican College, Ipswich Jnr Grammar, Ipswich Grammar, St Augustine’s College and Fernbrooke State School opened in 2017.

For tertiary students, the University of Southern Queensland is within a 5km drive, and the University of Southern Queensland Ipswich Campus is just 12.5km away.

Local Transport

With a number of major transport links close by, there’s no doubt Eden’s Crossing is a well-connected community. Future direct access to Centenary Highway will put Springfield Central within 5 minutes drive, while current arterial roads make the journey into Brisbane, Ipswich or the Gold Coast easily accessible.

Public transport services are also close by, with the nearby Springfield Central Station providing direct rail service to Brisbane (approx 40 minutes travel to Brisbane). (A train station in Redbank Plains is in the planning)

Local Parks around Eden’s Crossing

Eden’s Crossing provides 35 hectares of green open space, kilometers of hike and bike paths, four large parks, plus sports ovals and local parks.

You’ll have plenty of options to enjoy the sunshine with friends and family to relax and unwind. Start your day with a hike, leisurely walk, bike ride or enjoy a picnic in the afternoon at White Rock Spring Mountain Conservation Reserve.

Eden’s Crossing has everything you and your family need to live a healthy, active lifestyle. A number of regional parks can also be found nearby, including Redbank Plains Recreational Reserve, featuring sporting fields and a skate park.

The Robelle Domain central parkland is a world-class recreational space with a huge variety of scenic and interactive spaces including the Springfield Lagoon.

But that’s not all the parklands have to offer: treetop walks, shady picnic areas, land art pyramids, artwork, beautiful exhibition gardens, and expansive grassy spaces perfect for large community events and gatherings are all here. The best part is that all this is only 10 minutes away, plus with direct access to the Centenary Highway in 2018, you’ll be even closer.

Flinders View

Prices from $399,900

Flagstone

Flagstone is a forward-looking development with city status in its sights

Area information

Flagstone puts you in reach of a life surrounded by nature combined with all the modern-living musts: convenience, connectedness, community, and that other word beginning with C: choice. And with a 128ha CBD continuing to take shape, life at Flagstone gets more appealing with each breaking day.

Queensland Minister for State Development, Manufacturing, Planning and Infrastructure, Cameron Dick was at Flagstone where he announced the finalisation of the infrastructure agreement for the Greater Flagstone Priority Development Area (PDA).

The Minister said it was the biggest infrastructure deal of its type by any Government in Australia – noting that Greater Flagstone PDA ranked as one of the top 20 biggest towns and cities in Australia. Such exciting times ahead for Flagstonians! 

This article was taken from Chanel 9 News.

Two new water parks planned for the city.

Logan City Council and developer Peet will stump up a joint $5 million to build the two water play areas — one at Logan Central and the other at Flagstone. The Flagstone site will be at the new Flagstone Regional Park, in Flagstonian Drive, next to a skate plaza, dog park and one of the biggest community playgrounds in southeast Queensland.

Construction has started on the brand new Coles Flagstone Village Shopping Centre! The new commercial precinct will include 9 specialty stores, 240 carparks and a full size Coles supermarket.

The new store will create 200 construction jobs and an additional 100 retail jobs when it opens in mid-2020. It’s a great addition for residents at Flagstone, who will be well served by a rapidly expanding range of lively retail, commercial and hospitality options.

Young men and women can now learn the tricks of the construction trade at the South-East’s newest Trades College at Flagstone.

This article was taken from Chanel 9 News.

A NEW telecommunications transmission tower is being built to boost mobile phone coverage in Flagstone.

Vodafone has signed a lease with developers Peet Limited to construct a 35-metre tower in Gates Road, between the new Coles supermarket site and the railway line. It is expected to be operational by year’s end.

The announcement has been welcomed by Logan Country Safe City, the group that lobbied long and hard for action in the mobile blackspot and the outgoing president of Flagstone Community Association.

The article was published in The Jimboomba Times, 29 July 2018. Click HERE to read the full article.

Adventure Playground

Great news for Families who are living around Flagstone!

One of the biggest playgrounds in South-East Queensland opens at Flagstone on Saturday, December 15, ready for the first day of the school holidays.
The community will get its first chance to try the epic new $4 million adventure playground as the state’s 800,000 school students head into the long summer break.

First Time Home Buyer Grant

If you are a First Time Home Buyer and want to find out what you should do to take advantage of the First Time Home Buyer Grant, CLICK HERE  to find out.

If you are interested to find out more about the new homes available in one of these areas, or in any other areas that you may want to live in, or buy an investment property, please Click Here

You will be able to complete an application to get one of our friendly staff members to get in touch with you, or you can just jump the queue and give us a call on 0428 042 555

 

 

The Effect of RBA Interest Rates

What is the effect of the RBA Rate Cuts?

Interest Rates

The RBA rate cut may have a positive outcome for home buyers

Interest Rates

The uncertainty that some people may have experienced just before the federal election, is behind us now. Thank goodness for that, as it affected the decision making of so many.

Since the election results were finalised we’ve seen a number of interesting subplots play out with many market pundits predicting a faster than expected rebound in housing prices and a more positive outlook for the broader economy.

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How will that affect the property market? Well….I suggest we rather look at the effect it may have on the mortgage sector. Here are a few key things we’ve noticed that could have a positive impact on the Mortgage sector:

RBA Interest Rates

 

RBA Interest Rate

Will you save with the new RBA Interest Rate?

RBA Rate Cut

There is widespread speculation about the possible cuts to the official cash rate, by the RBA. Economists have recast their predictions post the election with at least one rate cut of 0.25% predicted as early as June, and some predicting a further 2-3 cuts before the end of 2019.

The impact of this as a stimulus to the broader economy cannot be under estimated. The flow on effect for borrowers could have positive impacts on both the mortgage landscape, as well as the outlook for the property market and an earlier than expected rebound in house prices.

APRA Servicing Buffer:

We have recently seen the significant impact of APRA imposed servicing buffer rates of over 7%, and how this was having a detrimental effect on a client’s ability to borrow.

With APRA now proposing to remove this buffer rate, there are indications that a clients borrowing capacity will increase in the short term. APRA’s final position will more broadly known after the industry consultation period ends in a few weeks.

At this stage they have indicated moving to a flat buffer of 2.50% above the “actual” interest rate offered by the lender. In some cases this could see the buffer rate drop closer to 6%, and have a significant impact on a client’s servicing position.

What does that mean to you, as the home buyer?

We have seen some detailed industry analysis in recent weeks that has predicted the potential impact of both the RBA rate cuts and the removal of APRA’s stringent 7% buffer rate.

Borrowing capacity under both scenarios, is predicted that it may increase by as much as 15%, according to some analysis and this would clearly have a positive impact in many circles and see a likely increase in consumer sentiment.

Lenders continue to to review Interest Rates independently of the RBA with some already making reductions in anticipation of the RBA decision.

There are different interest rates available from the various lenders and it is important to either talk to one of the team members of Buy Real Estate Australia to find out which mortgage broker or loan specialist may be best to serve you.

If you are looking to find out what your borrowing capacity is, before you apply for a Home Loan, then I advise you to Click HERE so that one of our friendly Loan Specialists can get in touch with you (no obligation from your side)

If you are looking to buy a home or an investment property, please complete the form below so that one of our friendly team members can get in touch with you as soon as possible.

 

 

What is a Good Credit Score?

Why don’t we start by asking other questions first….

What is a Credit Score?

The article below, from one of the Mortgage Brokers (20 / 20 Finance)

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who had helped many of our buyers, explains it best….

 

‘The way banks assess you and a loan application have changed in recent years. A credit score is now something they look at as an indicator of your ability to service a loan. By following a few simple tips and getting into good habits, you can improve your score and your chances of securing that loan.

A few years ago, as part of the push for more responsible lending practices, the government brought in new rules for the banks. It’s called comprehensive credit reporting, and it means all lenders need to share more detailed information about you.

Before this, banks kept the information about their customers to themselves and only shared the negative facts about your borrowing history. These were things like unsuccessful credit applications, loan defaults, late payment of loans and bills, and bankruptcy.

Now they also have to share the positive stuff.

If you regularly pay bills on time, always make your loan repayments, keep credit cards at a low level, and generally demonstrate responsible money management, you’ll be rewarded for your good behaviour. The better your behaviour, the better your credit score.’

“Your Behaviour”, refers to your “money management behaviour”

What is a Good Credit Score

Well, if you read the next part of the article, you will find out what is a good credit score and how to improve your credit score.

‘Why is a good credit score important?

The better you look in the eyes of a lender, the less of a risk you are, the

How to improve credit score

A good credit score is important when applying for a Home Loan

more likely it is you’ll get your loan application approved and you may also be able to access better interest rates and terms.

A credit score gives the lender a clearer picture of your financial situation, so they can work out how reliable you’ll be in making your repayments.

The most important thing to remember is that they look at your behaviour over a period of time. This means a couple of missed or late payments won’t impact your score, but regular late payments, or non-payment will.

And, if you don’t have a long history of borrowing (or any history), lenders can look at your regular payments of bills to see if you pay on time and determine your credit worthiness.

What do you do if you have a low credit score?

The key aspect of a credit score is that it’s calculated over a period of time. It’s a relatively accurate indicator of your past behaviour. The good news is that over time you can take steps to improve your money management and be rewarded with a higher credit score.

Here are a few tips on,

How to improve your credit score

Never miss a bill payment.

One of the easiest ways a lender can tell if you’re reliable is to look at your history of paying bills. We all have a lot of recurring services to pay for, like phones, power, water, insurance, credit cards and internet. Each one is an opportunity to improve your score by paying it on time. But miss one and your score can go down. Make the most of setting up direct debits or putting reminders into your phone’s calendar, so you always stay on top of every bill.

Budget accurately.

The key to all good financial management is to budget well. Have a look at all your bills and work out exactly how much you spend every month on these. Then add other living expenses like food, petrol, subscription TV, take-away meals, and so on. Not only will this tell you how much you need to hold on to for all your bills, it can show you where you can cut costs, so finding the funds for your bills is easier.

Close unnecessary credit cards.

Part of a good credit profile is about not having too much debt, and that the debt you do have is being managed and serviced reliably. One obvious thing to do is to cancel any unnecessary credit cards. It’s less credit you have access to, and one more regular payment you no longer have to make. You don’t have to close all of your cards. Having a card with a low balance demonstrates your good financial habits and is an example of your credit history.

Pay off your outstanding debts.

As well as reducing your credit cards, taking care of personal loans is a great way to put yourself in a better financial position. Having less commitments means you’re in a better place to pay your ongoing living costs on time and improve your score.

Don’t make a lot of applications.

It’s a good idea to do your research into getting loans before you apply for them. Many people use online applications to test the waters and see if they get loan approval, but this can be a big mistake. If you get knocked back, it goes on your record. If you get knocked back lots of times in quick succession, even if you’re just shopping around, it looks bad to financial institutions.’

Tammy from 20 / 20 Finance advises to use a good mortgage broker to do the application.

She said: The best way to avoid the pitfall of making a lot of unsuccessful applications is to use a mortgage broker like me.

Not only can you make the most of my experience and expertise to help you research and get a good idea of where you stand in the eyes of lenders, I work closely with you to get the application right the first time by determining which lender will best suit your needs.

This careful groundwork means fewer loan enquiries on your behalf, which is good news for your credit score.’ To get in touch with her, please click HERE

Want to buy a new home or investment property, please complete the form below and one of our friendly team members will get in touch with you.

Brisbane Property Market

Reasons why SEQ Property Market is still Growing

Brisbane Property Market

Affordable Homes

Fixed Price Turn Key Home and Land

Fixed Price Homes from $469,900

Apart from the fact that the Brisbane Property Market is still growing, you can still find very Affordable Homes in Brisbane, with prices starting as low as $369,900! And there a still a few House and Land packages available for either under $400,000, or just above $400,000.

Why would anybody want to buy a home or an Investment Property in South East Queensland? 

Well….

3 Reasons why SEQ Property Market is still Growing

  • Affordability and Stability

Brisbane and the South East Queensland region is a more accessible investment location that has demonstrated superior resilience to the weakness experienced in other parts of the Australian housing market. Historically median house prices in Brisbane have been 75-85% of Sydney. With median house prices in Sydney still over $1m ($0.9m in Melbourne) Brisbane is forecast to outperform as median house prices are currently only 60% of Sydney at $0.6m.

Average House prices on the Gold Coast grew to $655,000 in 2018 and Brisbane’s average house price hit a new high of $675,000 in 2018, up from $505,000 since 2012. Following this trend, affordability is a key reason why SEQ will continue to be a favoured Property Investment destination.

  • Migration

With migration now at highest levels since 2007, the greater Brisbane region could see growth of 30% in next 3 years and close gap difference between Sydney and Brisbane. 

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More broadly, Queensland’s net interstate migration is improving, up from 6,000 people in 2014 to 17,430 in 2016-2017 and recently up to 24,000, between 2017 and 2018. Queensland’s annual population growth is now 83,000, up from 58,000 in 2015. Nearly 90% of Queensland’s population growth occurred in the south-east corner of the state.

Migration shifts from NSW into SEQ and Brisbane corridor is projected to inject 8.1billion dollars into these housing markets. People have been leaving NSW at a faster pace over the past few years favouring interstate migration to Queensland where house prices are half of Sydney.

Queensland has become the number-one destination for internal migration, taking over from Victoria in the latest ABS Census data, and our overseas migration is at its highest level in years, which means demand for accommodation will continue.

  • Value and Opportunity

Queensland is enjoying a steady rate of job growth.

House price growth forecast for 2018-20 shows Brisbane as a standout at 13% growth. This is conservative as the figure includes apartments, old dwellings, units and townhouses. Detached H+L is the most in demand housing type and should see higher growth.

Real Estate Gold Coast

The Brisbane Property Market still shows growth

BIS Oxford Economics suggests that while some property markets around Australia will languish, Brisbane’s housing market is likely to be the best performing property market over the next 3 years jumping 13 per cent to a median of $620,000.

Since 2007, 11 of the 12 Local Government Areas that experienced the strongest house price growth, are in South East Queensland.

SOURCE: QLD Treasury, BIS Oxford, QLD Government Statistician’s Office, CoreLogic, Real Estate Institute of Queensland Market Monitor, Domain house price report.

If you take this information in consideration, it only makes sense that you want to invest in Real Estate Brisbane (Greater Brisbane area)

To find your ideal Investment property or your ideal Home, please complete the form below so that one of our friendly team members can get in touch with you to find out what your requirements are.

 

Why Invest in Real Estate Brisbane?

Real Estate Brisbane

What is so great about South East Queensland?

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Why is it such a good time to invest in South East Queensland at the moment?

Well, take a look at the Brisbane property market performance at the moment.

Brisbane

Brisbane’s stable property market performance is on display once more as we approach the middle of 2019.

And that is only one reason why Real Estate Brisbane is so popular at the moment. That is, we not only refer to Brisbane city, but rather to Greater Brisbane.

Real Estate Brisbane

The demand for Real Estate Brisbane is growing by the day

One of the key indicators well worth watching, is Queensland’s net interstate migration number. Historically when this figure is on the rise, Brisbane house prices get a boost. At the Brisbane Property Market growth peak in 2003, there were over 40,000 extra residents joining the Queensland ranks from other states and territories, (Australian Financial Review)

That figure plummeted post- GFC. The silver lining is that we’re now well and truly tracking on an upward curve after coming off this low base. There is no doubt that many of these buyers are affordability migrants – those now priced out of Sydney’s real estate market who are keen on relocating to QLD and enjoying the lifestyle. Best of all, many are selling up their Harbour City assets and buying here, mortgage free, in Queensland and with a big chunk of change left over. Recent growth increased interstate migration to 17,500 new residents in 2017 and 24,000 in 2018 (Matusik).

Gold Coast

The Gold Coast property market has experienced strong property growth over the past years. According to a new CoreLogic report, the Gold Coast recorded the second highest property value growth across regional Queensland in the last financial year.

Real Estate Gold Coast

Real Estate Gold Coast still in demand

With experts predicting the only way for the Gold Coast property market to go is up, some of the main Gold Coast property market drivers are population growth, increased job opportunities and the low Australian dollar have all contributed to a better performing Gold Coast property market. Major developments on the Gold Coast have been transforming the city into what people are referring to as – Australia’s most beautiful city. With a large number of new construction and infrastructure projects, there’s been a higher number of job opportunities becoming available. This helps drives demand and many are moving in to take advantage of the great Gold Coast lifestyle and new job opportunities.

With higher demand, rental prices have been going up leaving many first home buyers looking for ways to get into the property market by taking advantage of the $15,000 Queensland first home owners grant and record low interest rates. Many home buyers are buying off the plan in new estates and developments. This has helped to increase the demand for more construction jobs and increased property prices.

Brisbane Western Suburbs

Ipswich

The western growth corridor out through Ipswich is attracting its fair share of affordability driven buyers looking for growing infrastructure appeal to help boost their property values.

Ipswich itself has cranked up its cool factor over the past few years, so expect its current popularity to continue.

Brisbane Northern Suburbs

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Similarly, the Northern zones out to Redland remain desirable for those seeking established housing for the longer term.

In the Moreton region, upgrades to transport infrastructure and a rise in the availability of essential services and facilities bode well. In this area, supply isn’t an issue and 2019 will again be a year of growth in these suburbs.

Brisbane Southern Suburbs

Logan areas

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Logan sits at the heart of the Southern Brisbane – Gold Coast corridor,

one of SEQ’s strongest growth regions, delivering strong population, employment and expansive investment opportunities.

The City of Logan is just 30 minutes from the Brisbane CBD and 35 minutes from the Gold Coast. Logan LGA has the second fastest projected annual population growth in South East Queensland from 2016-2036 at 2.3%. Logan LGA population projection for 2016 is 313,785 and projected to grow to 500,881 by 2036.

The City of Logan is uniquely located to access the best that South East Queensland has to offer. This established city’s residential neighbourhoods continue to flourish giving locals a wide range of lifestyle options with older suburbs being revitalised through urban and community renewal projects.

The city looks to the future with strong investment into emerging industries such as transport and logistics, manufacturing, health care and education.

SOURCE: Projected population (medium series), by local government area, Queensland, 2016-2041. URBIS Logan Report 2017

Middle Ring Brisbane Suburbs

Stepping a little further out, the mid-ring of housing from 6 to 20 kilometers from the CBD, this sector is expected to remain positive with similar characteristics of firm demand and limited stock listed for sale. Expect upward gains during the rest of 2019 again.

Outer Brisbane Suburbs

In the outer fringe supply is good so prices have remained relatively stable. In fact, most master-planned community projects have seen good demand for vacant land this year as affordability investors look to build their dream homes or decent yielding investment properties with depreciation benefits.

Interested in any Real Estate Brisbane?

Then please complete the form below so that one of our friendly team members can get in touch with you to find out where you would like to buy a home.

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Brisbane Real Estate is in average more affordable

 

 

Dual Occupancy Homes

Property Investors are increasingly looking at

Dual Occupancy Homes

to achieve a better rental return.

It makes sense, since the property investor can offer affordable homes to the tenants, while benefiting from the dual income that the dual key home offers. In other words, you, as the investor will have two incomes from the same property.

Real Estate Investing

Dual key that gives you a positive cashflow property from day one

Positive Cashflow Property!

All our dual occupancy homes are cleverly designed and efficient homes, which provide for all the needs of the modern multi-generational family as well as separate tenancies.

Private, fully-self-contained and housed under the one roof – an innovative design taking in all the needs of a lifestyle orientated resident.

Our dual occupancy homes offer authentic independent living! And, as you’d expect, both residences in our dual occupancy designs have all the space and functionality where the family can gather to collaborate as well as plenty of areas to call their own for privacy and retreat.

Increase your income, not your costs!

In the past, Duplexes have long been the favoured investment for savvy investors who were chasing a higher return than what a stand-alone houses offer.

However, Duplexes are generally more costly per square meter to build, than a comparable house. This is due to aspects like higher council costs and strata titling, among other things.

Not everyone wants the expense of a duplex to get two incomes from one investment.

Turn Key House and Land

The Dual Key solution just for you

And now you don’t have to!

You will get the same benefit from Dual Key Homes.

Dual Key homes are more cost effective to build than a duplex and get similar rental returns.

In other words….you will have a positive cashflow property from day one, when you buy a dual key!

And this is what every property investor dream of, isn’t it.

The dual occupancy home is almost the same as a duplex. It has the dual income (the same as the duplex) however, instead of two exactly mirrored units, it has a bigger home on the one side and a smaller home on the other side. The smaller side may almost be seen as a granny flat.

It is usually designed to have three to four bedrooms on the one side, and one to two bedrooms on the other side.

The advantage to buy a dual key instead of a duplex….there will be no Body Corporate Fees and only one set of local council rates and charges as councils view the construction to be a normal house.

As an investor, you will have to think of an exit strategy. Although we advise investors to buy and hold an investment property for as long as possible, you never know when you may need to sell your investment property.

Turn Key House and Land

Turn Key House and Land

Your Investment Property

Exit Strategy

Sell to other investors:

The high yield that appeals to you now, will appeal to other property investors as well, when the time comes that you need to sell your Investment Property.

Sell to Owner Occupiers:

First Time Home Buyers may want to get into the property market, however, they want somebody to help pay the mortgage. They may typically move into the smaller home and rent out the bigger home to a family.

The second home buyer: The family may move into the bigger home and rent out the smaller home.

Traditional “granny flat” style:

A family may move into the bigger home, grandma and grandpa move into the smaller home. It happens quite often that grandparents are staying with the family to help look after the kids.

If you want to buy a Positive Cashflow Property, Please complete the form below so that one of our friendly team members will get in touch with you as soon as possible.

Ormeau

With the Government spending Millions in the Northern parts of the Gold Coast. One area which still have great potential for capital growth….

Ormeau

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Why is that? Well, there are still House and land packages available at  below $500,000. That means that you will see how people who are buying a home in Ormeau now, will reap the benefits later when they have built equity in their properties.

 

More information about Ormeau

Ormeau, ideally located between Brisbane and the Gold Coast, is the perfect place for families to call home. Only 36 min from Brisbane and Surfers Paradise, with sufficient public transport to take you where you need to go.

This is where you will find beautiful house and land packages that is only 9min from Ormeau Train Station. That will get you to either Brisbane or to the Gold Coast.

Ormeau

Plan your new life for you and your family in Ormeau

Ormeau already consists of a high level of owner occupiers, so the amount of rentals will be small, leading to demand.

Its central location gives a range of options for commuters to reach employment and commercial opportunities in both cities and the nearby Yatala Enterprise Area by rail and the M1 motorway.

For capital growth, Ormeau sits squarely within the Southeast Queensland growth corridor, one of the fastest growing regions in the state.

The nearby Coomera Town Centre, a 100,000sqm Westfield shopping centre anchored by a 12,000sqm Myer department store, a $56 million aquatic and sports precinct, and a number of new education facilities are all a short drive away.

Schools in Ormeau: Livingston Christian College, Mother Teresa Primary School, Ormeau Woods State School, Lutheran Ormeau Rivers District School, Ormeau State School, Norfolk Village State School.

Ormeau is part of Australia’s sixth largest city, the Gold Coast. Over the next decade it will transform into a globally recognised city while retaining its enviable lifestyle and stunning natural environment. More than $30 billion in major infrastructure and development projects are currently planned or underway.

The Gold Coast’s population of 590,000 people is expected to continue to grow at 3.5 per cent per annum for the next 20 years to reach 1.1 million by 2034.

Houses for sale Ormeau

Enjoy your new life around Ormeau

Numerous projects are currently underway on the Gold Coast, including several residential developments, as well as the $37 million first stage of the Cultural Precinct, the $600 million Stage 3 of the Light Rail, a $2 billion million M1 upgrade, and the $1 billion Coomera Town Centre shopping centre.

The $1.6 billion Stage 1 of Gold Coast Light Rail, linking Griffith University and the Gold Coast Health and Knowledge Precinct to Broadbeach via Southport, commenced service in 2014.

The $420 million Stage 2 connected Southport to the heavy rail at the Helensvale Station. It is expected to unlock $1 billion in development along the route. The $600 million Stage 3, which heads southbound to Burleigh Head, is currently the topic of a feasibility study and is expected to be open in 2021.

The new State School to be built in Pimpama, only 10km from Ormeau!

A $60 million new primary school is set to be built in one of the Gold Coast’s fastest growing suburbs.

According to the Gold Coast Bulletin, 2 May 2019: State planning document have revealed the proposed Pimpama North State School on Yawalpah road will be completed and ready to take its first pupils by 2021.

The official name of the school is yet to be determined but it is expected to open with a population of between 380 and 400 students in its first year.

It is expected that the primary school will grow by about 300 students per year to an ultimate peak of 1200 students.

It is believed that the school will employ 150 – 165 full time equivalent staff.

An internal one-way road will be built to assist in the distribution of traffic and minimise potential delays.

According to the Queensland the Department of Education Coomera and Pimpama are estimated to be home to 63,762 and 25,931 people respectively by 2036.

The department acknowledges there will be pressure on schools in the area as the number of children in the area exceeds the state average.

Real Estate Ormeau

Real Estate Ormeau

With all the developments by the Queensland Government taking place, it only makes sense to find houses for sale Ormeau right now. If you are interested in finding out about the affordable homes in Ormeau, please complete the form below. One of our friendly team members will get in touch with you.

Bahr Scrub

Why would anybody want to buy a home in 

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Bahr Scrub

You may ask….

Well, first of all, with prices from as low as only $403,200, it only makes sense to buy a home in Bahr Scrub.

Bahr Scrub Homes

Bahr Scrub Homes

Basic information on Bahr Scrub

With the Pacific Motorway (M1) 5.4km from Bahr Scrub and the nearby convenience of Beenleigh train station, commuting to work or enjoying a weekend escape is easy.

Grab a cup of coffee and fresh vegetables at the Early Bird and Breakfast Markets, indulge in retail therapy at City Road, Beenleigh and enjoy the convenience of your local Holmview Central Shopping Centre.

The area includes many places to socialise. Catch up with friends over a quiet drink at the Windaroo Tavern or indulge in the famous choc chip waffles at the Belgian Chocolate Saloon.

Long-term Tenants

Take your family to any of the lovely parks in the area

Hammel Park is home to a range of sporting clubs including the Beenleigh Rugby Club and Beenleigh Netball Club. There’s something for everyone, of all ages.

Bahr Scrub has a wide range of educational facilities within a 10km radius of home. For every child, of every age, you’ll find the perfect school for your children.

There are 32 child care centres conveniently located within a 10km radius of the Estate, ensuring your little ones will have access to early learning.

When it’s time for your child to start school, you can choose from Windaroo State Primary School, Beenleigh State School, Eagleby South State School, Eagleby State School and Canterbury College, all within a 10km radius of Brookhaven.

There are four schools within 10km of the estate, Windaroo Valley State High School, Canterbury College, Trinity College and Beenleigh State High School.

Griffith University Logan Campus is conveniently located just 15km from home.

Brookhaven Bahr Scrub

Plan for your future of your family

Surrounded by rolling hills and framed by picturesque brooks, this master-planned community marries connectivity and privacy in a green pocket of tranquility.

The environment provides an idyllic backdrop for a range of community spaces, including viewing platforms, walking trails, mountain biking trails, community gardens and local parks. Here, you can build the life you love with a house design of your choosing, or a carefully designed house and land package.

Surrounded by a diverse range of native flora and fauna including eucalyptus trees and tea trees, here, children and adults alike will be enchanted by the landscape that is so quintessentially Australian.

It’s more than a place where people and their families simply exist. It’s a place to discover the beauty around you at the Conservation Park. A subtropical park, home to kookaburras, koalas and abundant natural wildlife. This is a place that you will find affordable homes as well.

If you think that this area may be the perfect place for you to buy a home, please complete the form below so that one of our friendly team members get in touch with you to find out exactly what you need.

Park Ridge Houses For Sale

Why is it a good idea to specifically look for

Park Ridge Houses For Sale

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Park Ridge is one of the fastest growing regions in the South East of Queensland and is set to be transformed with a network of new roads.

Park Ridge

The Boom Suburb of Park Ridge

According to The Courier Mail 26 April 2019:

‘The roads are planned to cope with more traffic after two sub divisions go ahead in Park Ridge, off Park Ridge Rd.

A new road connection and footpaths will then established between East Beaumont Rd and Park Ridge Road, known locally as Mt Archer Rd.

Logan City Council Roads chairman Phil Pidgeon said once the new road connection is built, road access to East Beaumont Rd will be restricted to a left-in, left-out arrangement.

“But the four lanes will continue south on Chambers Flat Rd,” he said.
“Mt Archer Road will ultimately link north and south from Bumstead Rd to Koplick Rd.
“This road connection will come as part of the eventual development and, unlike in the past when ratepayers funded these sort of roads, council now has the ability to condition developers to fund this construction.”’

Park Ridge Houses for Sale

Park Ridge Houses for Sale from as LOW as $428,910

5 Reasons to buy a home in Park Ridge

  1. Park Ridge is a Master Planned area adopted by the Logan city Council in 2011. An unprecedented $400 million of new infrastructure is currently either under construction, planned or completed, giving a massive boost to the local economy.
  2. The average median price growth is already recorded at 3.6% over ten years and is continuing to climb.
  3. Park Ridge has a rich history dating back to the 1820’s. The area was  predominantly farming land before settlement took place. Park Ridge is still surrounded by beautiful natural landscapes.
  4. A huge investment of $147 million is allocated for first class modern health facilities close by.
  5. $5.5 million is set to increase the connectivity to the local area and surrounds.

We can most certainly help you find your ideal home 

We know that quality homes and quality investments create opportunities for people to live their dream lives.

And we’ve always believed that these opportunities should be available to more than just a select few.

That is why we help people re-imagine their future by dealing only with builders and developers who create quality homes in lively, integrated communities. Everything we do is backed by insight and research, which has driven us to help many people to achieve their dream to own a home or investment properties.

Importantly, we believe the process of purchasing a new home or investment should be transparent.

That’s why we’ve developed an integrated business model, which means we’re involved at every stage in the process – and that means our customers always know what’s going on at every stage of the build process.

If you want to find your ideal home or investment property, please complete the form below and one on our friendly team members will get in touch with you to find out exactly what you are looking for.

 

 

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