News

Read the latest news and market updates

Queensland Developer in Australian First

Queensland Developer in Australian First

Queensland property developer, Linzen Property Group, recently announced they will be the first in Australia to accept payments of their projects in Bitcoin, the first cryptocurrency.

If you're not familiar with Bitcoin or cryptocurrency, you can find out more here.

With the cryptocurrency space becoming more and more mainstream, it is important to remain at the forefront in your industry and create opportunities for the marketplace to pay for their property, whether for investment or to occupy, with their preferred currency, including Bitcoin.

Internationally there have been a number of properties sold in Bitcoin however, Linzen Property Group is the first developer in Australia to offer to accept the cryptocurrency as payment - either in part or full.

The local legislation is still in force regardless of the method of payment by the buyer and for foreign investors, there is...

Read more

Brisbane's Future Continues to Burn Bright

Brisbane's Future Continues to Burn Bright

They seek it here, they seek it there, they seek that damned elusive oversupply everywhere!

Despite contstant speculation by backyard property experts that our market is ready to burst, Australian capital city housing markets continue to display synchronised, orderly growth and correction phases.


(Image courtesy of Dr Andrew Wilson)

Correction 2011: Prices Fall – higher rates and prices reduce affordability; Confidence low

Recovery 2012: Prices Stabilise & Rise – lower rates and prices lift affordability; Confidence reviving

Expansion 2013: Prices Rising &nda...

Read more

New QLD Legislation to Impact Every Rental Property by 2022

New QLD Legislation to Impact Every Rental Property by 2022

The 31st August 2016 saw Queensland Parliament pass legislation that will impact all QLD property investors by 2022.

This legislation was put in place as a result of the recommendations by the coroner’s inquest following the famous Slacks Creek fire which saw 11 people within the one family lose their lives in a house fire.

If you own an investment property in QLD, you will need to comply by 2022, however, if you sell that property, it must be up to the current requirements prior to sale. 

When purchasing an existing property in QLD, you will need to ensure the new legislation is followed. When purchasing a new property in QLD, be sure to ask if they are installing Smoke Alarms as per the new legislation as it will depend when Development Approval was given, not that it is being built after the legislation came into effect.

The properties at Dakabin Crossing Luxury townhouse Development will be fitted out with smoke alarms und...

Read more

Tax Depreciation - What investors need to know

Tax Depreciation - What investors need to know

The 2017 Australian Budget announced some major changes to tax depreciation for Residential Property Investors to help reduce the problem of housing affordability.

At the core of these changes, the government has clamped down on depreciation and travel allowances, two key write-offs for many investment property owners.

Whilst tax deductions are often the last thing on a busy property investors mind, depreciation improves cash flow and puts more money back in YOUR pocket.

"Depreciation compensates the taxpayer who incurs capital expenditure on depreciating assets for the decline in value of those assets over their effective life"

The ATO rarely publish statistics and never go out of their way to advise the tax payer of what they should or could be claiming on a residential property.

Tax depreciation is the second la...

Read more

Interstate Migration to Brisbane Increasing

Interstate Migration to Brisbane Increasing

Brisbane is Australia's most popular capital city

A recent article on realestate.com.au highlighted the latest statistics for internal migration naming Brisbane as Australia's most popular capital city to move to.

The suburbs that had the highest migration within Brisbane were:
North Lakes; Dakabin; Mango Hill; Griffin and Murrumba Downs - all in the Moreton Bay Region and all in and around growing North Lakes City Centre.

Brisbane's net gains through internal migration were greater than both Sydney and Melbourne, likely due to the issues around housing affordability in the southern cities.

To read the full article, click here.

For an up-to-date look at what is happening in QLD's Northern Growth Corridor over 2017/18, Read more

Your Guide to Buying Off-the-Plan

Your Guide to Buying Off-the-Plan

Buying property off-the-plan in a planned townhouse community or apartment building can sometimes be a little confusing as the processes are different to purchasing an existing property. It is also different to purchasing a house and land to build. The main differences are that you are only signing one contract for the purchase for an off-the-plan purchase. There are also some instances where a house and land package is sold on one contract however, usually you will sign a contract to purchase the land and then sign your build contract.

Here are some handy tips for purchasing property off-the-plan.

Set your Budget

A great place to begin is to speak with your mortgage broker or financial institution to get expert advice on how much you are able to borrow to finance your purchase.

If purchasing off-the-plan in a strata titled development or house and land package...

Read more

Financial Strategy - Where to invest right now?

Financial Strategy - Where to invest right now?

When you read an article quoting a well-known figure in the real estate world saying that Brisbane is tipped as the best property market in Australia in the next 5 years it makes you count your blessings that you enjoy this beautiful state.

We’ve all seen what has happened in Sydney and parts of NSW over the past couple of years, watching property values skyrocket in a relatively short amount of time – some areas experiencing 80% growth in 5 years to be precise. This has seen an increase of investors hit the market as mum-and-dad investors now venture north to cash in their equity, invest in Queensland and build further wealth by riding the growth that is now predicted for Queensland over the next five years. Or south-east Queensland to be more specific....

Read more

6 Benefits of Buying Off-the-Plan

6 Benefits of Buying Off-the-Plan

When considering purchasing a property, there are so many options available to investors, owner occupiers and first home buyers. The following benefits are mostly directed to investors however, others may also find these benefits applicable to their situation.

  1. Get in Early
    Launch of the development prior to construction is commonly known as 'pre-public' stage release followed by a 'public opportunity'. Buyers who get in early often experience valuable opportunities and can enjoy significant growth between the initial stage releases to the final stages of the development. Buying off-the-plan early may give you more choice within the development ensuring you have first option at some of the best properties.

  2. Lower Prices
    Often times, lower prices are offered when a development is released to buyers to encourage them to purchase early. Normally, prices will increase between 3-5% during each stage release. A future purchase will cost inva...

    Read more