Australians House Prices Article Courtesy of LJ Gilland Real Estate

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The following is for your perusal and information only. Cheers.

Australian house prices to rise 2.1% over next two years: NAB By LSchlesinger Thursday, 31 January 2013 Expectations for house price growth improved marginally in the final quarter of 2012 but remain very modest, with just 2.1% growth tipped for the next two years, according NAB’s December 2012 quarterly residential property index survey. This compares with September quarter expectations of a 1.7% gain in house prices over the next two years. The expectations are based on the sentiments of around 270 property markets participants, predominantly estate agents (39% of respondents), property owners and investors (20%) and developers (17%). They indicate that despite rate cuts and improving housing affordability, there is still much caution among those directly involved in the property market about medium-term prospects, though they have brightened. The survey found that concerns over housing affordability are falling slowly as interest rates fall but are still “significant”. In addition, property professionals remain concerned about the domestic economy and a weakening labour market, with “employment security entrenched as the biggest impediment to purchasing existing property in all states”. “Access to credit also seen as a ‘significant’ impediment to purchasing existing property,” NAB says of the survey results. Property professionals expect “good” capital growth prospects in the sub-$500,000 market next year, but the outlook for premium stock is still “poor”. The strongest outlook is for the mining-states of Western Australia and Queensland, where house prices are expected to increase by 3.6% and 2.2% respectively over the next two years, driven by strong state economic growth, migration and rental growth. Click to enlarge Perth will be the strongest performing capital city market with capital growth forecast to run at around 3.5% through the year to end-2013 and 5% in the year through to end-2014, “underpinned by improved affordability, population growth and above average state economic growth”. Brisbane house prices are forecast to increase by 1.7% over 2013 and then by 3.5% over 2014. Stronger price growth is also tipped for NSW (1.8% over the next two years compared with 1.5% in the previous quarter), with Sydney set to outperform with growth of 2.1% in 2013 and 3.7% in 2014. Expectations also improved in Victoria, where property professionals now expecting house prices to grow by 1.9% in the next two years, having previously forecast 0.9% growth. Melbourne house prices are expected to continue to tread water over 2013 – rising just 0.4% – but are expected to pick up slightly in 2014, rising by 2%. Expectations for house price growth over the next two years for the combined South Australia/Northern Territory market were scaled back to 1.5%, from 2.4% previously. Melbourne along with Adelaide (growth of 0.1% in 2013 and 2% in 2014) are forecast to be the worst-performing markets for house price growth in 2013 and “will continue to lag the capital city average with state economic conditions and employment prospects in both these states also expected to remain tougher”. The overall index rose 4 points in the final quarter to sit at 8 points attributed to the rate of decline in national house prices slowing and rents growing.

Please contact 07 3263 6085 for all your Property Investment Sales & Management needs as we aim to remove the hassle from Sales & Rentals. As we are a dedicated family business, we continue to offer and provide a personalised service Brisbane Wide.

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Linda-Jane Debello has sent you a link to a blog:

For your perusal and information with best regards for the New Year 2013.

Blog: Linda
Post: RP Data Rental Market Analysis
Link: http://ljgilland.blogspot.com/2013/01/rp-data-rental-market-analysis.html

Linda J. & Carlos Debello, LJ Gilland Real Estate Pty Ltd Tel: (07) 3263 6085 | Mobile: 0409 995 578 & 0400 833 800 http://www.ljgrealestate.com.au/index.php?lan=ch

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dreaming of calmer weather

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24 January, 2013 14:36

Multimillion-dollar garage for sale (oh, with a penthouse too)

By Jennifer Karmon | Spaces – Fri, Jan 18, 2013 8:02 PM EST

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Click any photo to go to the property listing and see more photos.We’re no strangers to lavish home amenities at Yahoo! Homes. We’ve published moats, slides,magnificently deranged man caves and real-life spy lairs.

But we’re pretty sure this is the first garage so extravagant that the owner’s asking price frankly values the auto space more than the living space. Almost twice as much as the home itself, in fact.

We first spotted the headline from our partners at Curbed: "Sky-High Apartment Comes With a Subterranean Ferrari Garage." Although the2,537-square-foot Chicago condo is listed at $3.4 million (including garage), turns out you can buy the garage alone.

For a cool $2.1 million.

So really, it’s more like "Subterranean Ferrari garage comes with sky-high apartment" — which is almost exactly how the listing agent bills it on her agency’s website. ("In addition to the spectacular garage, the property comes with a 2,537-square-foot penthouse condominium.")

What kind of a garage is this? Well you might ask! According to its standalone listing on Yahoo! Homes, "12 garage spaces have been thoughtfully converted to a luxury showroom and entertaining space for the most discriminating buyer. With separate heat, AC, air handling & security, this 2,714-square-foot space is a collector’s dream come true."

It’s owned by vintage-car collector and racer Michael Leventhal, who told Crain’s Chicago Business in 2005:

"The building was developed by a friend, and I was able to accumulate 14 spaces. We enclosed 12 of them and built my fantasy garage. It’s so special I go there and have coffee in the morning. At the end of the day, when I’m all beat up, Kathy and I have a glass of wine there. We have parties there."

The photos are regrettably low-resolution, but they give you a sense of the Ferrari-red opulence of it all; click on any of them to go to the listing for more photos:

We’ll update with higher-res photos if we get them.

Phone: (07) 3263 6085

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A Message from Instaweather

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Newsflash Courtesy of REB Online 17th Jan 2013 fyi

This is an e-mail from (REB online) sent by Linda Debello (linda). You may also find the following link interesting: http://www.rebonline.com.au/breaking-news/5901-property-price-growth-slows

Best regards,

		Linda J. & Carlos Debello, LJ Gilland Real Estate Pty Ltd Tel: (07) 3263 6085 | Mobile: 0409 995 578 & 0400 833 800 http://www.ljgrealestate.com.au/index.php?lan=ch

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Property Article Courtesy of LJ Gilland Real Estate

Hello Friends, Clients & Associates,

Happy New Year!

Property beats cash; Manufacturing via C. James….

Home prices consolidate: The RP Data – Rismark Home Value Index reveals that capital city home prices fell 0.3 per cent in December. Over 2012, home prices fell 0.4 per cent.

Returns on property rise: Total returns on residential property (home prices plus rents) grew by 4.0 per cent in 2012 (range from +0.8 per cent in Melbourne to +15.6 per cent in Darwin). In comparison, returns on cash (90 day bank bills) rose by 3.7 per cent on average in 2012.

Weak manufacturing sector: The Performance of Manufacturing index was unchanged at 44.3 points in December. It was the 10th month that the index has been below a reading of 50 points, suggesting contraction in the sector.

What does it all mean?

In the past, buying and selling property was considered an attractive way to make money. The theory was that home prices would rise around 8 per cent a year, almost guaranteeing you would make money. That was in the past. Now Aussie consumers are more cautious on going into debt, restraining demand for existing homes. Home prices were broadly flat in 2012 after falling 3.8 per cent in 2011 and rising 5.4 per cent in 2010.

But while Aussies are cautious on going into debt, population is still rising while home building has remained weak. So rents are still rising and so are investment returns on property. Property returns grew by around 4 per cent in 2012, just ahead of cash, but well short on the near 19 per cent growth of sharemarket returns.

CommSec expects that national home prices will rise around 3 per cent in 2012 with total returns up around 7 per cent. Aussies should grow more confident about taking out loans and buying real estate in 2013 although home building is also expected to grow in line with underlying demand.

There is little change to conditions in the manufacturing sector. The firm Aussie dollar, fluky consumer spending and uncertain global conditions are making life tough for Australian manufacturers. There is also the structural change of increased on-line purchases to contend with, causing business owners to re-assess the best way to run their operations.

What do the figures show?

House prices

The RP Data-Rismark Hedonic Australian Home Value index of capital city home prices fell by 0.3 per cent in December and was down by 1.2 per cent in the in the December quarter. Over 2012 home prices fell by 0.4 per cent.
In December, house prices fell by 0.1 per cent with apartment prices down by 1.1 per cent. Over 2012, house prices are down 0.5 per cent while apartment prices were up 0.5 per cent.

The average Australian capital city house price (median price based on settled sales over quarter) was $510,000 and the average unit price was $432,000.

Dwelling prices rose in four of the eight capital cities in December: Hobart (up 0.7 per cent), Melbourne (up 0.5 per cent), Perth (up 0.3 per cent) and Adelaide (up 0.1 per cent). Prices fell the most in Darwin (down 2.5 per cent), followed by Canberra and Sydney (both down 1.0 per cent) and Brisbane (down 0.3 per cent).

Home prices were higher than a year ago in three of the eight capital cities: Darwin (up 8.9 per cent), Sydney (up 1.5 per cent), Perth (up 0.8 per cent). Prices fell most in Melbourne (down 2.9 per cent) followed by Brisbane and Adelaide (both down 0.8 per cent), Canberra (down 0.3 per cent) and Hobart (down 0.1 per cent).

Total returns on capital city houses were up 3.7 per cent on a year earlier and units were up 5.6 per cent.

Performance of Manufacturing

The Performance of Manufacturing index was unchanged at 44.3 points in December. It was the 10th month the index has been below a reading of 50 points, suggesting contraction in the sector.

Of the components, new orders rose from 44.1 to 45.7; employment rose from 43.2 to 44.5; export orders fell from 37.6 to 33.2; and production eased from 44.8 to 42.5. Capacity use rose from 72.4 per cent to 73.2 per cent. Selling prices rose from 40.6 to 43.0 in December.

AI Group reports: “Seasonally adjusted activity decreased in all eight of the revised manufacturing sub-sectors in December (that is, index levels were below 50 points). The contraction of activity in the petroleum, coal, chemical & rubber products; metal products; and machinery & equipment sub-sectors eased while that in the food, beverage & tobacco products; wood & paper products; printing & recorded media; and non-metallic mineral products sub-sectors intensified.”

“Survey respondents remained cautious about the outlook. They cited a range of inhibitors including: soft demand; higher energy charges; stronger import competition; and the strong Australian dollar.”

What is the importance of the economic data?

The RP Data-Rismark Hedonic Australian Home Value Index is based on Australia’s biggest property database (more than 312,000 sales during 2011). Unlike the ABS Index, which excludes terraces, semi-detached homes and apartments, the RP Data-Rismark Hedonic Index includes all properties. Home prices are an important driver of wealth and spending.

The Australian Industry Group and PricewaterhouseCoopers compile the Performance of Manufacturing Index (PMI) each month. The Australian PMI is the Australian equivalent of the US ISM manufacturing gauge. The PMI is one of the timeliest economic indicators released in Australia. The PMI is useful not just in showing how the manufacturing sector is performing but in providing some sense about where it is heading. The key ‘forward looking’ components are orders and employment.

What are the implications for interest rates and investors?

With home prices flat, manufacturing contracting, inflation contained and the global economy still creating uncertainties, the Reserve Bank will lean in favour of providing more monetary stimulus. But we are close to an inflexion point. If US policymakers fundamentally deal with budget deficit and government debt issues, the outlook will become clearer and more positive. Australian consumers and businesses largely lack the confidence to embrace the opportunities that exist.

The outlook for the housing market is improving. Population is lifting but the supply of homes has not kept pace. So rental markets still generally remain tight with rents rising. Budding owner-occupiers of homes have largely sought to utilize existing housing stock (shared rental; young people living at home with parents for a longer period) than buy or build homes. If confidence improves as we expect in 2013, demand for new and existing properties will rise.

Published: Wednesday, January 09, 2013

In conclusion to the above, our reputation lays in high performance property sales, specializing in the sale of investment properties with tenants in place & property management. We take great pride in our excellence in property and asset management as well as body corporate management.

We find individual solutions to fit our client’s needs. Being property specific rather than area specific because confining ourselves to one area simply wouldn’t be giving you what you need.

Best regards,

		Linda J. & Carlos Debello, LJ Gilland Real Estate Pty Ltd Tel: (07) 3263 6085 | Mobile: 0409 995 578 & 0400 833 800 http://www.ljgrealestate.com.au/index.php?lan=ch

Removing the hassle from Sales and Rentals.

L J Gilland Real Estate PTY LTD

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Buying is just a small part of residential property investment Article3

Buying is just a small part of residential property investment Article3.pdf

RP Data Rental Market Analysis

Article of Interest Courtesy of Linda & Carlos Debello as follows:-

RP Data’s national rental market snapshot for houses and units to the September 2012 quarter confirmed that during this period, weekly rents were flat across Australia’s combined capital city housing markets at $400 per week for houses, and $390 per week for units respectively.

Tim Lawless, head of research, RP Data

Sydney and Darwin took to the podium as winners with both cities sharing the greatest quarterly appreciation in capital city house rents; Sydney by 2.0 per cent, and Darwin by 4.3 per cent.

Perth and Darwin were the only capital cities to record an improvement in weekly rents for units over the September quarter with unit rents up 2.4 per cent and 10.0 per cent respectively, while most of the other capital cities showed steady rental conditions.

Across all remaining capitals, rental markets remained flat with some areas showing a fall in weekly rents.

Rental rates for units in Canberra were down -4.5 per cent over the September quarter which is the largest fall across the capital cities, while in Hobart, unit rents were down -3.6 per cent.

Based on quarterly changes in house rents, Hobart is now Australia’s softest rental market where the typical house is 3.0 per cent more affordable to rent compared with the June quarter.

Looking at annual movements, over the twelve months to the end of September, weekly capital city house rents increased by 2.6 per cent which is at a rate of growth lower than the five year average.

Capital city rents for unit-style housing increased by 2.6 per cent over the year, which is also below the five year trend rate of growth.

Rental markets in Darwin and Perth have seen an extraordinary rate of growth over the past year with house rents increasing by 15.4 per cent and 12.5 per cent respectively. Unit rents in these cities have also shown a significant rise, increasing by 17.9 per cent in Darwin over the year and by 13.2 per cent in Perth.

According to RP Data’s national research director Tim Lawless, the extreme rental growth in these two cities highlights just how tight rental conditions have been in these markets.

Sydney rents have also shown a reasonable increase with house rents up 4.2 per cent over the year and unit rents rising by 2.2 per cent. Every other capital city has recorded relatively subdued rental conditions over the past twelve months. Small rises were recorded in Brisbane (+1.3 per cent) and Canberra (+1.0 per cent) while Melbourne and Adelaide rents have remained flat and weekly house rents in Hobart have fallen by -3.0 per cent.

Best regards,

Linda J. & Carlos Debello, LJ Gilland Real Estate Pty Ltd Tel: (07) 3263 6085 | Mobile: 0409 995 578 & 0400 833 800 http://www.ljgrealestate.com.au

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HOUSING MARKET OUTLOOK SOURCE – RP DATA ARTICLE.pdf

News Article of Interest

Director fined and permanently banned
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Written by Steven Cross
Friday, 21 December 2012
The director of a rental and luxury accommodation company has been banned for life and fined $70,000 in a ruling handed down in Brisbane earlier this month.

The Brisbane magistrate’s court found GT Gold Unit Management Pty Ltd (trading under the name Goldsborough Place Executive Accommodation) guilty of trust account breaches earlier this month.

The company made eight unauthorised withdrawals from the agency’s trust account totalling $89,000, and failed to pay a further $14,783 in tenancy bonds and rent to those entitled to it.

The company was fined $50,000 for eight counts of making unauthorised trust account withdrawals, and nine counts of not paying out trust account money correctly.

The company’s director, Gerald O’Brien, was fined $20,000 for 17 counts of not ensuring his company complied with the Property Agents and Motor Dealers Act 2000.

The company was also ordered to pay $9,980 restitution to the Residential Tenancies Authority (RTA) to replace misappropriated tenancy bonds.

The breaches came to light during an Office of Fair Trading investigation into eight complaints made against the company.

Mr O’Brien pleaded guilty to all charges against him and the company.

Mr O’Brien’s resident letting agent licence was cancelled and he was permanently banned from holding a property agent licence.

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Confidential email:- The information in this message is intended for the recipient name on this email. If you are not the recipient please do not read, copy distribute or act upon the message as the information it contains may be privileged. If you have received this message in error, please notify the writer by return email. Thank you very much for your assistance in this matter and your co-operation.