This Week's Property News Round Up

10 things that can derail your mortgage application from yourmortgage.com.au

Cheaper to buy than rent from couriermail.com.au

Dwelling approvals record a 17.3% drop in July: ABS from propertyobserver.com.au

Qld lags in mortgage performance from yourinvestmentpropertymag.com.au

Home building at 10-year lows from theaustralian.com.au

Queensland and NSW dominate the RP Data suburb locations where it is cheaper to buy than rent from propertyobserver.com.au

Mining boom not done yet: NAB from yourinvestmentpropertymag.com.au

For Sale :: It’s Gotta Go And At This Price It Won’t Take Long

44 Gatton Street, Mount Gravatt East offers a family friendly layout that allows everyone their own space including a fabulous pool and outdoor entertaining area.

The L shaped living area easily accommodates a large lounge space and dining suite. The adjacent balcony and large windows provide plenty of natural light throughout the lounge, dining and kitchen areas.

Expect friends to come knocking on the door unexpectedly. A quick hello and they will be heading straight outside to the pool and alfresco entertaining area.
All three bedrooms feature oversized wardrobes.

The downstairs rumpus room will keep the kids very happy. There’s plenty of room for all the toys and it may just work even better as a home office, easily accessible from the entrance to the home and well away from the main living areas. The second bathroom adjoins.

Have a hobby? Dad needs some serious workshop space? The double garage is massive and with an adjoining carport + additional off street parking there is room for everyone.

It’s all in very good condition with fresh paint and new, modern window blinds throughout and newly polished floor boards in the living areas.

The sellers have committed elsewhere, have packed their bags and ready to go. They have priced accordingly, you won’t find better value in the neighbourhood.

First inspection this Saturday, 1 September @ 11:10.

Our next FREE Property Workshop Is Just Weeks Away

We had a great response to our last workshop and are really excited about our next evening on 20 September 2012.

The workshop setting will enable participants to interact with presenters with Q&A sessions and opportunities to engage in conversations in the breakout area.

Negative Gearing – What Can I Claim And Still Keep The Tax Man Happy?
Presented by Ed Glasson from Marsh Tincknell Chartered Accountants

 

How To Present Your Property And Sell Quickly, For More Money, In Any Market
Presented by Hayley Harris from Guest Hire

 

Lending Criteria – Has it Changed Post GFC?
Presented by Robyn Doulman from Bendigo Bank

 

 

Date: 20 September 2012
Venue: Nice Event Space. 433 Logan Road, Stones Corner
Time: 6:00pm for a 6:30pm start
NB: Catering will be provided at this event

More information & bookings here

24 Sword St, Woolloongabba Goes To Auction This Saturday

The excitement is building.Everyone who has walked through the door of this near new home have been blown away. 24 Sword Street, Woolloongabba offers the complete inner city lifestyle. A contemporary design, A1 finishes and a sought after location.

The owners have a new business venture waiting out of Brisbane and motivated to sell this Saturday to make it happen. It all adds up to an amazing opportunity.

Any questions about auction day? Need to know more? call Matt Jones on 0424 149 026

inspect from 2:30 on Saturday, 1 September right before the auction @ 3.

More photos and info at jjre.co/24s

For Sale :: Who Needs A Big Block Of Land?

771 Cavendish Road, Holland Park is a 3 bedroom house sits on a 921m2 block with plenty of back yard, front yard and space around the house!

The property has been recently renovated including kitchen, fresh paint and air conditioning.

Look what you get!

:: Spacious living spaces including formal living spaces and casual sunroom
:: Polished timer floors
:: Air conditioning
:: Enormous double lock up garage
:: Space for at least 5 cars off street
:: Located in Cavendish Road State High School catchment
:: Bus stop just metres from your door

First inspections are this Saturday, 1 September @11:50am.

Greenslopes Inspires Olympians?

Not sure if Greenslopes solid performance in Your Investment Property magazine’s Top 100 Suburbs inspired Sally Pearson last night but there is a rumour going around that bulk copies of the August issue were delivered to the Olympic Village so who knows?

Greenslopes was just out of the medals at #28 in the 2012 Annual Suburb Guide. Download the article here.

 

P.S. A big congratulations to our actual Greenslopes Olympian Damon Kelly, finishing 16th in the super heavyweight weightlifting today with a huge final lift. Well done!
www.heraldsun.com.au/sport/london-olympics/australian-damon-kelly-16th-in-super-heavyweight-weightlifting/story-fn9dheyx-1226445602515 
http://london2012.olympics.com.au/news/strong-support-gets-kelly-across-line

Our Next Property Workshop Is In September

We had some great feedback from our last Investment Property Workshop in May and thanks again to everyone who attended.

Good news, we are ready to do it again and have assembled some excellent speakers ready to share their property insight and expertise.

Jeff Jones Real Estate Presents IPS 2012
Date: 20 September 2012
Venue: Niche Event Spaces, 433 Logan Road, Stones Corner
Time: 6pm for a 6:30pm start
NB: Catering will be provided at this event

The workshop setting will enable participants to interact with presenters with Q&A sessions and opportunities to engage in conversations in the breakout area.

Topics covered on the night include:

Negative Gearing – What Can I Claim And Still Keep The Tax Man Happy?
Presented by Ed Glasson from Marsh Tincknell Chartered Accountants

How To Present Your Property And Sell Quickly, For More Money, In Any Market
Presented by Hayley Harris from Guest Hire

Lending Criteria – Has it Changed Post GFC?
Presented by Robyn Doulman from Bendigo Bank

You can find out more and book at www.trybooking.com/30438. Look forward to seeing you there.

Upcoming Auction :: The Ultimate In Inner City Chic!

24 Sword Street, Woolloongabba is a near new home offering a complete inner city lifestyle. A contemporary design, A1 finishes and a sought after location.

The home has been cleverly planned to perfectly fit on this inner city block, maximising natural light and breezes whilst maintaining privacy throughout the home.

The living area is spacious and comfortable allowing for the largest of dining and lounge settings. Large bi-fold doors open up from the living and dining area to the magnificent pool and outdoor living space. The pavilion area is very private, offering wonderful entertaining possibilities.

The owners have a new business venture waiting out of Brisbane and this home must be sold to move on. It all adds up to an amazing opportunity.

Need to know more? call Matt Jones on 0424 149 026

First inspections this Saturday, 11 August @ 11am.
More photos and info at jjre.co/24s

New To The Market This Week :: Cleverly Transformed :: A Stylish Inner City Pad

This top floor 2 bedroom unit has undergone extensive renovations. The kitchen is done. Tick. The bathroom is done. Tick. New paint and floor coverings. Tick. If you’re not the “reno” type this may just be the home for you.

Just look at what you get.

:: A recently renovated, well planned kitchen. Laid out with plenty of cupboard, shelf, pantry and bench space. A dishwasher and quality appliances is included
:: A spacious living area flanked by balconies on each side, providing a bright and airy living space. And there is plenty of room here for all your furniture
:: The bathroom has been renovated with a modern design and colour scheme. Laundry fittings have been installed or you can use the laundry facilities in the garage
:: The top floor aspect provides a delightful suburban outlook (and privacy and security)
:: A big air conditioner in the living area that will cool (and heat) the entire unit
:: The garage is massive. There is heaps of room for the car + plenty of storage

Access to the city couldn’t be better and of course the public transport here is excellent. There is a city bus stop 100 metres up the road or Langlands Park Busway Station is just 5 minutes walk away.

The block is well maintained, always very clean and tidy with the garden areas well cared for.

4/361 Cornwall Street, Greenslopes
$329,000
First inspection Saturday 11 August @ 10am

Greenslopes Suburb Scorecard

Over the next few weeks I’ll be looking at property data for our local area and sharing my observations. Let’s start by looking at some long term historical data for Greenslopes.

This graph shows the annual medium sale price and number of sales. You can see that pretty much from 1990 there has been upward movement in median prices consistently through to 2010. From there as we are all aware things have been a little up and down, no doubt affected by the volume of sales, steadily declining over the last 2 years (but I suspect we will see upward movement again for 2012 based on the last 6 months).

 

The green area shows % change in median price over 5 years. This shows that the downturn in 2010-2011 is indeed cyclical (and no different from what happened through 1995-1998 and 1986-1987)

 

Interesting data for sellers. This shows the average discount from list price to sale price for Greenslopes. Clearly when demand drops sharply discounting increases. This shows sellers have had to discount by more than 10% throughout the last 12 months. (Incidentally our average discount for 2012 is 4.8%, the right agent will preserve your sale price)

Do you like looking at all the numbers and data? Drop me an email and I’ll send out a comprehensive report for Greenslopes.