https://www.businessinsider.com.au/australia-housing-market-downturns-historical-data-2018-5

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With the Treasurer announcing the budget last week for 2018/19, we summarise the announcement

With the Treasurer announcing the budget last week for 2018/19, we summarise the announcement:

Budget Profile:

The Treasury are predicting a budget deficit reducing from $18.24bn in 2017-18 to $14.5bn in 2018-19. The budget will then return to surplus in 2019-20.

Large Corporations and SMEs:

The $20,000 asset write-off scheme is extended for the coming financial year which encourages SME’s to invest in new equipment. The Government will be restricting multinational corporations on shifting profits to lower-taxing countries.

Personal Income Tax Cuts:

Australians earning up to $90,000 will get a tax cut of up to $530 per annum! This threshold will increase from $87,000 to $90,000 next year and then raised again to $120,000 in 2022-23. The 37 per cent tax rate threshold will be abolished in 2024-25 with all Australians paying 32.5 per cent to $200,000. Wages are expected to grow 2.25 per cent by the end of this financial year.

Infrastructure:

Although no new money, the Government are continuing with the already budgeted $75bn on infrastructure, improving roads, rail lines and bridges.

Education:

Funding for schools are to continue as per the last budget however a few tweaks have been made for a permanent fixture of the schools chaplaincy program and uni funding for some regional universities.

Health:

There will be extra funding for public hospitals and investment into new medicines. $1.6bn will go towards aged-care funding, helping more elderly Australians stay in their homes.

Superannuation:

The ATO will be actively trying to consolidate dormant superannuation funds with active accounts along with banning funds automatically signing under 25’s to life insurance policies. From 2019 admin and investment fees will be banned on low balance accounts along with exit fee’s abolished on all accounts.

As a whole the budget has seemed to be received well – with a small tax relief for low to middle income households, backing small businesses, measures designed to improve the life of our ageing and continued improvement on our infrastructure.

In terms of interest rates, with low inflation and higher than target unemployment rates, we feel rates are to remain stagnant. Some of the measures above are to drive spending activity, however, with confidence levels still low, some homeowners may choose to pay down some debt levels first. Interest rates are still the lowest they have ever been

Posted in Australia, Brisbane, ECONOMIC OUTLOOK, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, LJ Gilland Real Estate Pty Ltd | Tagged

Holland Park West Leasing Opportunity

2 Bedroom Plus Study home with renovated and appealing bathroom is close to Greenslopes Private Hospital, public transport, schools and main arterial roads.

ALL PROPERTY ENQUIRIES ARE TO BE SUBMITTED THROUGH THE WEBSITE http://www.ljgrealestate.com.au BY CLICKING “EMAIL AGENT”
****OPEN HOME SATURDAY****

$350 per week Available Now

If applying for this property using 1Form, please email to admin@ljgrealestate.com.au
Positioned in a very desirable location within walking distance to everything this cosy home features:

* Polished timber floors.
* 2 bedrooms plus study.
* Open plan family/lounge/kitchen area.
* Main bathroom.
* laundry
* Bedrooms have mirrored built-ins.
* Off Road Parking
* Mount Gravatt State School catchment
* Holland Park State High School Catchment
* SORRY NO PETS.
* UBD MAP180 N20.

Located in a sought after pocket of Holland Park West, exudes family appeal and effortlessly blends traditional charm with contemporary enhancements. Close to shopping centres and public transport. Easy access to Brisbane CBD. Set in a smart location only a few minutes walk away from shops, schools, buses, parks and more, this ultimate location offers great walking convenience plus incredible proximity to surrounding amenities. Both of the Griffith University campuses are close by, as well as Carindale shopping centre, Garden City, Greenslopes Private Hospital, parkland reserves and much more.

http://www.ljgrealestate.com.au

Very close to a handful of schools, easy access to Bus, Shopping Options, & Griffith Uni – Mt Gravatt Campus. Be captivated by all the necessities required. Also close to parklands, Stones Corner Shopping/Cafe precinct and easy access to M1. http://youtu.be/Q50iW_-wqpc

*Important* Whilst every care is taken in the preparation of the information contained herein, L J Gilland Real Estate Pty Ltd will not be held liable for any errors in typing or information. All information is considered correct at the time of printing. Any interested parties should satisfy themselves in this respect.


2 Bedroom Plus Study home con baño renovado y atractivo está cerca de Greenslopes Private Hospital, transporte público, escuelas y principales vías arteriales.

TODAS LAS INVESTIGACIONES DE PROPIEDAD DEBEN PRESENTARSE A TRAVÉS DEL SITIO WEB http://www.ljgrealestate.com.au HACIENDO CLIC EN “EMAIL AGENT”
**** ABRIR CASA SÁBADO ****

Si solicita esta propiedad con 1 Formulario, envíe un correo electrónico a admin@ljgrealestate.com.au
Situado en una ubicación muy conveniente a poca distancia de todo lo que ofrece este acogedor hogar:

* Pisos de madera pulida.
* 2 habitaciones más estudio.
* Área abierta de la familia / salón / cocina.
* Baño principal.
* lavandería
* Las habitaciones tienen incorporaciones incorporadas.
* Estacionamiento fuera del camino
* Cuenca de Mount State State School Mount Gravatt
* Holland Park State High School Catchment
* LO SIENTO NO MASCOTAS.
* UBD MAP180 N20.

Ubicado en una de las zonas más buscadas de Holland Park West, emana atractivo familiar y combina sin esfuerzo el encanto tradicional con las mejoras contemporáneas. Cerca de centros comerciales y transporte público. Fácil acceso a Brisbane CBD. Ubicado en una ubicación inteligente, a solo unos minutos a pie de tiendas, escuelas, autobuses, parques y más, esta excelente ubicación ofrece una gran comodidad para caminar además de una increíble proximidad a las comodidades de los alrededores. Los dos campus de Griffith University están muy cerca, así como el centro comercial Carindale, Garden City, Greenslopes Private Hospital, reservas de zonas verdes y mucho más.

Muy cerca de un puñado de escuelas, fácil acceso a Bus, Shopping Options, y Griffith Uni – Mt Gravatt Campus. Déjate cautivar por todas las necesidades requeridas. También cerca de zonas verdes, Stones Corner Shopping / Cafe precinct y fácil acceso a M1.

2卧室加学习家庭装修和吸引人的浴室接近Greenslopes私立医院,公共交通,学校和主干道。

所有的财产查询都应通过网站提交http://www.ljgrealestate.com.au点击“电子邮件代理”
****星期六开放****

如果使用1Form申请此房产,请发送电子邮件至admin@ljgrealestate.com.au
定位在一个非常理想的位置,步行距离之内这一切舒适的家庭功能:

*抛光木地板。
* 2间卧室加书房。
*开放式家庭/休息室/厨房区。
*主浴室。
*洗衣服
*卧室有镜像内置。
*越野停车
*格拉瓦特山州立学校集水区
*荷兰公园州立高中集水区
*没有宠物。
* UBD MAP180 N20。位于Holland Park West的追捧口袋中,散发着家庭的魅力,毫不费力地融合了传统魅力和现代增强功能。靠近购物中心和公共交通工具。轻松访问布里斯班CBD。这个地理位置优越,距离商店,学校,公共汽车,公园和其他地方只有几分钟的步行路程,为您提供绝佳的步行便利以及周边设施。格里菲斯大学的两个校区都在附近,以及Carindale购物中心,花园城,Greenslopes私人医院,公园保护区等等。

*重要*虽然在准备本文所含信息时采取了各项措施,但L J Gilland Real Estate Pty Ltd不承担任何错误输入或信息的责任。所有信息在印刷时被认为是正确的。任何有关方面都应该在这方面满足自己。

Before Refurbishment

and

https://youtu.be/sKvtl7QLR7o

Posted in Brisbane, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, LJ Gilland Real Estate Pty Ltd, ljgrealestate, Maintenance Renovating tips Construction Home Staging Property Sales Property Management Property Investor Builders Developers Rentals Sales Tenance, property investor, propertymanagement, Queensland, Real Estate, rentals | Tagged ,

Record levels of new apartment completions in inner-Brisbane’s apartment market has seen it tipped into oversupply, with 52 projects abandoned or deferred over the 2017-18 period.

A new report from economic forecaster BIS Oxford Economics shows 8300 apartments will be completed in 2017-18, up from the 5,700 apartments that came on line last year. Another 5000 apartments are in the pipeline for 2019.

Due to these numbers, vacancy rates in the inner-Brisbane market have increased, sitting at four percent in the December quarter for 2017.

The flow-on effects of the large-scale development and high-rise projects flooding the market have ensured downwards pressure on rents and prices for Brisbane residents.

Brisbane’s record levels of apartment completions, buoyed by an investor-heavy market, has been well publicised, and BIS has signalled that the inner Brisbane apartment market may level out.

Inner Brisbane Apartment Area

Inner Brisbane Apartment Area

Brisbane’s CBD and Spring Hill area, West End, Toowong, Woolloongabba, Hamilton and Brisbane’s inner east and north are the key areas with high saturation of large scale and high rise projects.

Suburbs West End, CBD and the inner north have the highest number of apartments yet to come to market, followed by Toowong and Woolloongabba.

The inner Brisbane market has experienced moderate growth since 2013 which BIS attributes to attractive yields, low or volatile returns for other investment options and low interest rates.

Falling rents and price growth coupled with restrictions on interest-only loans and a stamp duty surcharge for overseas investors have also diminished investor demand. BIS expects to see fewer projects able to achieve the pre-sales requirements for projects to begin.

Nearly 20 per cent of Brisbane apartments are currently sitting unoccupied.

Nearly 20 percent of Brisbane apartments are currently sitting unoccupied. Source: ABS, BIS Oxford Economics

Challenging conditions in 2018

The outlook for property nationwide will be modest at best this year, according to a recent report released by ANZ economists. National housing prices have fallen for the past six months, and house prices were just 0.8 percent higher than at the same time the previous year.

Those numbers are compared to a 10 percent year-on-year price growth 12-months earlier.

Although outright falls are unlikely, ongoing price growth will be sluggish as conditions for the housing market for the remainder of the year remain uncertain.

Recently released 2016 Census data shows private rental apartments accounted for 56 percent of the total apartment stock in the inner Brisbane apartment market area – contrasted with a 33 percent share in the greater Brisbane region.

Unoccupied dwellings accounted for 17 percent of total apartment stock in the inner Brisbane area, compared to eight percent across greater Brisbane. The increased number of properties not entering the private rental market reflects the increasing number of overseas demand.

http://ljgrealestate.com.au/property/3-95-berry-street-spring-hill-qld-4000/

Posted in Australia, Brisbane, ECONOMIC OUTLOOK, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, Empowerment, family, finance, Foreign Investment, GDP, LJ Gilland Real Estate Pty Ltd, ljgrealestate, maintenance & roofing, Maintenance Renovating tips Construction Home Staging Property Sales Property Management Property Investor Builders Developers Rentals Sales Tenance, Negative Gearing, property investor, propertymanagement, Queensland, Real Estate, rentals, rentals sales, sales | Tagged , , , ,

2017 federal budget addresses housing affordability

The 2018-19 federal budget had no measures that specifically addressed housing supply and affordability, according to the Real Estate Institute of Australia (REIA).

The 2017 federal budget included a range of measures to address housing affordability with both supply and demand measures.

Listed below are some of the budget’s highlights:

Unlocking greater supply

The federal government aims to boost the supply of housing and encourage a more responsive housing market by:

  • Providing $1bn to fund critical infrastructure, such as water infrastructure, to help speed up the supply of housing
  • Working with the states to deliver planning and zoning reform to expedite development
  • Releasing suitable Commonwealth land, beginning with Defence land at Maribyrnong in Melbourne, for housing development
  • Investing more than $70bn from 2013-2014 to 2020-2021 on transport infrastructure across Australia
  • Specifying housing supply targets via new agreements with the states and territories

Implementing incentives

The federal government is creating incentives to improve housing outcomes, including:

  • Helping first-home buyers save a deposit via voluntary contributions into superannuation
  • Reducing barriers for retirees attempting to downsize to free up larger homes for young families
  • Improving the targeting of housing tax concessions
  • Strengthening the capital gains tax rules to ensure that foreign investors are paying their fair share of capital gains tax
  • Reforming foreign investment rules to discourage investors from leaving their property unoccupied
  • Supporting economic growth and the jobs market to boost real wages

Improving regulator tools to address risks to the housing sector

The federal government is working to ensure that the Australian Prudential Regulation Authority (APRA) is able to respond with greater flexibility to financial and housing market developments that pose risks to financial stability.

This includes giving APRA new powers over the provision of credit by lenders outside the traditional banking sector. The government also recognises that housing pressures and risks may not be uniform across the country. As a result, the government will give APRA the ability to use geographically-based restrictions on the provision of credit where APRA considers it appropriate.

Whereas, there was nothing in this year’s budget that directly addressed this,” said Malcolm Gunning, president of REIA. “It was, however, pleasing to see that the government recognises the important role that the current taxation arrangements for negative gearing and capital gains tax play in increasing supply, keeping rents affordable and easing the burden on social housing by leaving these unchanged.”

Gunning added that the budget’s approach recognises the state of the property market and the impact that the Australian Prudential Regulation Authority’s (APRA) measures had in cooling the market, particularly in Sydney and Melbourne. Hence, Treasurer Scott Morrison, saw no need to make further adjustments.

“A boost to infrastructure spending, modest improvements in housing income for lower income earners, continued tax write-offs for small to medium business and growth in employment can be expected to be mildly expansionary, particularly for regional economies,” Gunning said.

“The good news for home buyers is that the budget is not expected to put pressure on interest rates as inflation is expected to remain within the RBA’s target zone. This expected interest rate stability comes at a time when housing prices in some of our major cities are showing signs of easing, leading to improved affordability for first-home buyers.”

According to Paul Drum, head of policy at CPA Australia, this year’s budget has been framed against a backdrop of a strengthening economy, with the forecasted additional revenue being used in part to fund personal tax cuts as well as an increased investment in infrastructure and the ageing population.

“The budget includes a raft of income tax, GST and superannuation changes that will impact individuals, businesses and super funds and therefore the provision of client-based business and investment advisory services,” Drum said.

“The government’s seven-year personal income tax plan promises much over a new glide path similar to the ten-year Enterprise Tax Plan. But, like the company tax cuts, the question is whether this plan will garner the support it needs to get through the parliament.”

 

Best Regards

 

Linda 姬琳达珍 and Carlos Debello (LREA)

琳达姬琳达珍Debello LREA – LJ Gilland Real Estate Pty Ltd

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Wonderful service and excellent outcomes across the board – 25 Feb 2018

Linda and Carlos have been a pleasure to work with during the 10 years they managed our investment property, including the eventual sale. Engaging and personable, Linda and Carlos are always professional and consistently provide excellent, attentive service. I love the way they keep everyone informed in a timely manner and always seek the best outcomes for all parties involved. It’s been a wonderful association and I couldn’t be more enthusiastic about recommending their services.

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Very helpful – 25 Feb 2018

Carlos was very helpful along the way. Thank you!

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Removing the Hassle from Sales & Rentals Brisbane Wide

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Posted in Australia, Banking, Brisbane, china, ECONOMIC OUTLOOK, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, Empowerment, family, finance, Foreign Investment, GDP, LJ Gilland Real Estate Pty Ltd, ljgrealestate, maintenance & roofing, Maintenance Renovating tips Construction Home Staging Property Sales Property Management Property Investor Builders Developers Rentals Sales Tenance | Tagged , , , , , , , , , , , ,

A little word of advice: You need to bookmark this article.

Home Buying Steps | Selecting a Mortgage | Real Estate Professionals
Home Buying Steps | Selecting a Mortgage | Real Estate Professionals

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New data confirms two-thirds of investors who negatively geared property were on taxable incomes of less than $80,000 a year.

The latest tax office data suggests Labor’s policy to amend the widely used property purchasing practice would mostly hit more lower-income earners with only one investment property, according to Treasury analysis of the 2015-16 tax records published in The Australian.

The statistics also included figures on the number and occupations of people affected by Labor’s $20bn plan to scrap negative gearing after the next election on any new purchases of established properties, showing 62 percent were on taxable incomes of under $80,000 a year.

The opposition has argued that the move would target the wealthy with multiple investment properties.

However, the data shows that more than 70 percent of negative gearers did so with only one property.

The Tax Stats are an overview of 16 million income tax returns for 13.5 million individuals, 940,000 companies, as well as superannuation funds, partnerships and trusts lodged for 2016. who_negatively_gears

 

 

They further reveal that teachers rank behind only company chief executives and senior managers as the largest group of property investors to negatively gear, with 58,000 claiming rental losses on their tax returns.

While 72,000 investors were listed as company executives, 99,000 people claiming rental losses on their tax returns were either teachers, nurses or midwives.

Labor has long rejected claims that lower income earners would be hit by scrapping negative gearing.

It maintains 70 per cent of the value of benefits went to the wealthiest 10 per cent citing analysis by the Grattan Institute.

In the ATO data, out of the professions, surgeons had the highest average taxable income of $393,467, followed by anaesthetists on $359,056, internal medicine specialists on $291,140, financial dealers on $263,309 and psychiatrists on $211,024.

Other medical practitioners came in sixth on $199,590, followed by judicial and other legal professionals on $198,219, mining engineers on $166,557, chief executives and managing directors on $158,249 and engineering managers on $148,852.

According to the ATO, out of nearly 1200 occupations recorded, there were fewer than 100 where women had a higher average taxable income than men — they included receptionists, schoolteachers and beauticians.

“Reports in The Australian on ATO data showing that almost two thirds of investors are on an average income of less than $80,000… affirmed independent research undertaken for HIA by The CIE,” said HIA’s principal economist, Tim Reardon.

“Changes to negative gearing would adversely impact on the housing market, exacerbating the current undersupply of housing and further reduce the efficiency of the housing market.

“This reduction in house supply would also adversely impact on wage growth and GDP.

“Driving investors out of the market will force up the price of renting as nearly 25 per cent ofrental stock is provided by private investors,” he noted.

Posted in Australia, Brisbane, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, LJ Gilland Real Estate Pty Ltd, ljgrealestate, Maintenance Renovating tips Construction Home Staging Property Sales Property Management Property Investor Builders Developers Rentals Sales Tenance | Tagged