Property prices on Brisbane suburbs near airport or under flight path continue to rise

Property prices on Brisbane suburbs near airport or under flight path continue to rise 23 November 2015 Aircraft noise has had minimal if any impact on property prices in suburbs near or under the flight paths to Brisbane Airport, a QUT analysis of 26 years of property sales, rental and investment performance have found. In fact, the study found property prices in some high value suburbs with high noise complaints increased at a greater rate than other similar suburbs unaffected by aircraft noise. Property economist Professor Chris Eves and Andrea Blake from QUT's School of Civil Engineering and Built Environment and the QUT Air Transport Innovation Centre analysed price, saleability, investment performance and capital growth from 1988 to 2014 of residential properties in 40 Brisbane suburbs either near the airport or under a flight path. "It is the most detailed and comprehensive analysis of the impact of aircraft noise ever undertaken in Australia," Professor Eves said. "In total we looked at more than 180,000 sales transactions in 40 suburbs ranging from those whose residents recorded the highest number of noise complaints to those which reported minimal or no aircraft noise. "Our findings suggest that factors such as proximity to transport, the Brisbane CBD, schools, recreation facilities, the airport and other services, far outweigh any negative impact experienced as a consequence of being under a flight path or from aircraft noise." Professor Eves said the suburbs were classified by the number of aircraft noise complaints recorded by Air Services Australia over [...]

By |2019-04-01T12:03:04+11:00April 1st, 2019|Advice|0 Comments

Selling In January? We Will Be

Here are 5 reasons why selling in January is the best month of the year to sell on the Sunshine Coast and why we continually get results while the rest of the market is on holidays.  Mark, Michael and Phebe and Madeleine are an award winning team that will help you get the jump on your competition. 1. More Buyers. There are more buyers looking in January than any other month. (source: realestate.com.au) due to people being on holidays, job transitions and school transitions. 2. Less Listings and Less Agents Every year a majority of agents go on holiday during the peak market, leaving you open for a great result without other listings for your property to compete with.  Less listings means more buyers focusing on your home, with increased competition pushing up the price. 3. Lower Days on the Market Buyers commit to properties faster and more easily as most decision makers are available with time off work. In addition we are dealing with buyers who must purchase at this time of year and thus cannot afford to be as choosy or haggle as much. This leads to faster sales and better prices. 4. More Interstate Buyers Our unique online marketing targets interstate buyers more effectively. It is important to understand many of these aren’t investors, but families driven by job or school transfers meaning they must buy in time for the new school/work year and often pay a premium. While having extra buyers in the market place is fantastic, [...]

By |2018-12-12T12:27:36+11:00December 8th, 2017|Advice|0 Comments

New Withholding Tax Rules For $750,000-plus Properties

From 1 July 2017, the withholding tax rules that were introduced last July for properties $2 million and above, will now apply to all property transactions where the market value of the property is $750,000 and above.Although the new laws are aimed at foreign residents, real estate agents must be aware that these new laws impact all property sales at $750,000 and above. Summary The new laws require a purchaser to withhold 12.5% of the purchase price of real property valued at $750,000 and above and to pay that amount to the Australian Taxation Office (ATO) on settlement unless the seller obtains a clearance certificate.The new laws will start on 1 July 2017 and are aimed at vendors that are ‘foreign persons’. However, these laws will impact all property transactions valued $750,000 and over, irrespective of whether the vendor is a foreign person or not.For any sale contract entered into on or after 1 July 2017 where the purchase price is $750,000 or greater, the purchaser has a statutory obligation to withhold 12.5% of the purchase price at settlement from the vendor and pay that amount to the ATO unless the vendor can provide a clearance certificate.Following settlement, the vendor applies for a tax credit in relation to the amount withheld by the ATO for the capital gains liability arising from the transaction.This means that Australian resident vendors who are selling property with a market value of $750,000 or above will need to apply for a clearance certificate from the [...]

By |2017-07-07T01:35:00+11:00June 15th, 2017|Advice|0 Comments

New Smoke Alarm Laws in Queensland

Provided from the REIQ Complying with the Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act 2016 By Michael Gapes, Partner, Carter Newell Lawyers November 3, 2016 Introduction In this article, we will review the Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act 2016 (Qld) (the Act), which was passed by the State Government on 31 August 2016. The Act, which commences on 1 January 2017, amends the Fire and Emergency Services Act 1990 (Qld) and imposes additional obligations on property owners with regards to the installation and maintenance of smoke alarms at domestic dwellings, which all real estate agents need to be fully conversant with.  Further, we will refer to the Building Fire Safety (Domestic Smoke Alarms) Legislation Amendment Regulation (No.1) 2016 (Qld) (the Regulation) which also commences on 1 January 2017. So why was the Fire and Emergency Services Act 1990 (Qld) amended? There have been 150 house fire deaths in Queensland in the past 12 years. In 2011, the tragic death of eleven people, including eight children, in a Slacks Creek house fire was described by the Coroner, James McDougall, as “the greatest loss of life in a domestic house fire in Australian history”. In this instance, the Coronial Report noted “that smoke alarms were either not present in the dwelling or were not maintained”. The State Government committed to fully implement the changes recommended by the inquest and with the introduction of the new legislation, Queensland will now have the most effective and comprehensive smoke [...]

By |2017-07-07T01:35:02+11:00November 4th, 2016|Advice|0 Comments

Steps to Purchase a Property in Queensland

When you have found the property you wish to purchase, it is important to understand the steps involved in securing the property. Firstly, if you have interest at any level make your intentions known to the agent, many buyers have missed out on properties by a matter of days or even hours. Property owners receive all types of interest, some genuine and some not. Some people submit offers to test the possibility of a sale, but do not actually stay true with their offer. This can lead to frustration and concern for the owners as they try to assess who is actually a genuine buyer. The best way to present a strong offer on any property is by utilising the general tips below and making sure they have been completed. Step 1 – Provide the Agent with your full details. – The actual purchase price you would like to pay for the property. – The Method by which you pay the deposit and timeframe of deposit. ie: 5% and by EFT/Bond/Cheque – The settlement period which you require or the vendor has stipulated. – The name of your chosen solicitor or conveyancer – Any special conditions or requests that you may have so that we can inform the owner. Step 2- Confirm The Time Frame Available to Do Investigations Find out if the property has a deadline on it, such as auction or offers from other interested parties. Do you have any time frames that you need to meet such [...]

By |2016-11-04T13:39:38+11:00March 24th, 2016|Advice|0 Comments

Tips on Buying at Auction

Information Provided by Jason Andrew Auctioneers and the REIQ. Buying at auction You need to prepare before buying at auction. It is a good idea to go to a few auctions first to see how they work.  Under the media tab on this website, you can also watch a few auctions recorded live. The terms of a residential auction sale usually require the buyer to bid on an unconditional basis. The real estate agent can give you a copy of the terms and conditions before the auction date.  Remember when buying at auction there is no cooling-off period and you will be required to pay a deposit immediately.   You need to view the property and do all the necessary checks before bidding. Getting an independent professional valuation is also a good idea. If you are the successful bidder at the auction, you will have to settle the contract even if the house is defective or you can’t get finance on it. The terms of a residential auction sale usually require the buyer to bid on an unconditional basis. This means you cannot have any special conditions such as subject to finance or subject to the completion of another sale.  If you do require finance from the bank, let them know you are bidding on an auction so that they can give you certainty on financing if you are the successful bidder. Before the auction Registering early will save you the trouble of registering on auction day.  You can also [...]

By |2019-09-16T23:23:32+11:00December 4th, 2015|Advice|0 Comments

How to Prepare a Property for Sale and Make More Money

The preparation of your property is the door way to achieving a great price.  An attention to detail and a strategic approach will position you ahead of the competition.  Being a Registered Architect as well as a Sales Agent, Mark McGill has expertise in many areas of style, design, decor, presentation and building maintenance matched with an understanding of what buyers are seeking in a property. The first step prior to any renovations or preparation is to arrange a consultation with Mark (which is also free!) to discuss which of the suggestions if any, are essential, optimal or unnecessary before committing to too much expense. Almost 85% of the impact on a buyer is the presentation of the property.  When surveying successful buyers after purchasing a property, many buyers used the words "they like the feel" when describing a home.  It is important for the buyer to have the right "feel" about your place, because once a buyer is emotionally attached to your home, it makes it more difficult for them to argue against your pricing. Selling a property in today's market isn't as simple as putting a listing on the internet and waiting for the buyers to roll in.  The buyer today has access to more information than ever before, and expects more value for their dollar when purchasing a property.  With so many properties to choose from in the marketplace today, it is essential that you do everything possible to make your property sit number 1 on the [...]

By |2019-09-16T23:18:32+11:00December 4th, 2015|Advice|0 Comments

Why Buyers Miss Out on their Dream Home

The most common reasons people miss out on their dream home. Working in the business of helping people move, I regularly come across disappointed buyers who failed to secure the home of their dreams.  If you are thinking of moving, there are 4 Common traps to avoid to reduce the risk of losing another property to another buyers. 1. Waiting until they've found the perfect home before placing their own home on the market for sale. Unless you are prepare to run the risk of having to take out expensive bridging finance, it is important to be ready to buy if you're serious about securing the perfect home.  This means having your own home inspected by your agent and a plan in place so you will have ready access to the open market place for instant activity. 2. Procrastinating and Over shopping some people have a tendency to procrastinate when it comes to making a decision.  They will say something like. "We love it! But we'd better keep looking just in case there is something even better out there."  Unfortunately these people often miss out on the property they love because they've failed to make a decision before another buyer comes along and secures it and takes it off the market. 3. Failing to Secure Finance. Shopping around for finance (especially these days when there is so much competition between lenders) and obtaining finance approval can take time to organise.  Some people are also disappointed to learn that they aren't [...]

By |2017-07-07T01:35:06+11:00December 4th, 2015|Advice|0 Comments

How Building and Pest Inspections Put You in Control

When it comes to building and pest inspections, most people assume they are only relevant to purchasers who generally have them conducted as part of the contract conditional process.  But having your home inspected for structural and termite damage can be highly advantageous if you are selling also. Why? Because it gives you control over the selling and negotiation process.  If no issues are found, you will have peace of mind knowing the purchaser won't be able to use any problems as a means to negotiate the price down.  And if an issue is found, you can take action to resolve it before your home is listed for sale. Forewarned is Forearmed We have spoken to many reputable building and pest inspectors to learn more about the process.  What we discovered is that there is quite a bit of concern over the inspection process, particularly from sellers who fear finding a problem could be a deal breaker for their sale.  Contrary to this, the inspectors have told us there is no need to panic and most things are fixable.  When it comes to structural or termite damage, ignorance is definitely not bliss.  Hidden Problems can only be identified by a licensed professional. Even if you property appears to be structurally sound and there is no visible indication that termites are present, there could be hidden problems lurking in the foundations, roof, plumbing or walls that only a professional can identify.  And while many buyers will still insist on having their [...]

By |2017-07-07T01:35:07+11:00December 4th, 2015|Advice|0 Comments

Dealing with Divorce

Dealing with the Challenges of a relationship breakdown? Every year almost 50,000 marriages in Australia end in divorce. Below is a transcript from an audio CD called" dealing with divorce. If you would prefer to listen to a copy, simply email [email protected] and a copy can be sent to you. So where do you start? The future definitely belongs to the prepared. A leading Australian family law solicitor, Geoff Brazel from Brazel Moore Family Lawyers in Gosford, has come to the rescue. In this booklet, Geoff answers the most commonly asked questions about divorce, defacto relationships, property, children, court proceedings, costs and Wills. Geoff has been in legal practice since 1979, and says, “The law is full of mystery. People are often very afraid of going to see a lawyer to seek out advice. There are lots of bush lawyers around and my advice to anyone would be to get proper advice about your own particular situation rather than relying on general advice from friends or relatives”. The advice provided here is general in nature and is intended as a broad guide. The advice should not be regarded as legal, financial or real estate advice. You should make your own inquiries and obtain independent professional advice tailored to your specific circumstances before making any legal, financial or real estate decisions. The legal framework for divorce Since the introduction of the Act in 1975, there is no longer any fault associated with divorce. The grounds for divorce are that the marriage [...]

By |2017-07-07T01:35:07+11:00December 4th, 2015|Advice|0 Comments