Real estate agent defends ‘heartless’ email warning of Christmas ‘eviction season’: ‘Landlords are not millionaires’ – Yahoo Finance Australia

Real estate agent defends ‘heartless’ email warning of Christmas ‘eviction season’: ‘Landlords are not millionaires’ – Yahoo Finance Australia
An Australian real estate agency has defended sending an email to tenants warning Christmas is “eviction season”, claiming have to protect landlords relying on the income stream from those who “don’t prioritise their rent” and fall behind over the holidays.

https://apple.news/A9pJ9W6o8Q1Cw2e0AjTLs3Q

Posted in LJ Gilland Real Estate Pty Ltd | Comments Off on Real estate agent defends ‘heartless’ email warning of Christmas ‘eviction season’: ‘Landlords are not millionaires’ – Yahoo Finance Australia

Supply and demand continue to be a critical feature of the housing market. Find out which capital cities influence the market’s strength or weakness in the latest update with Research Director, Tim Lawless. You can watch the full analysis on the CoreLogic Australia YouTube channel now

youtube.com/watch

Posted in LJ Gilland Real Estate Pty Ltd | Comments Off on Supply and demand continue to be a critical feature of the housing market. Find out which capital cities influence the market’s strength or weakness in the latest update with Research Director, Tim Lawless. You can watch the full analysis on the CoreLogic Australia YouTube channel now

“You don’t own your super. Your super is owned by the trustee of your super fund. One of the main flow-ons from this is that you can’t gift your super in your will. Again, it is the trustee of your super fund who can decide where your super goes when you die.

You don’t own your super. Your super is owned by the trustee of your super fund. One of the main flow-ons from this is that you can’t gift your super in your will. Again, it is the trustee of your super fund who can decide where your super goes when you die.

However, it is possible to effectively gift your super by directing the trustee as to how they are to deal with your retirement savings. Provided the trust deed of your fund also permits it, superannuation legislation allows a member to give a notice to the trustee “in accordance with the regulations” requiring the trustee to provide member benefits to the member’s dependants or to the executor or administrator of the member’s estate.

The industry recognises two types of these notices: a binding death benefit nomination and a non-binding death benefit nomination.

Super law and regulations set out a few conditions that these nominations must meet to be valid. Self-managed super funds are exempt from these provisions. Public offer funds are not.”

This story was recently published in the Australian Financial Review:

Tom’s superannuation death benefit faced complications due to the actions of the trustee of his super fund. Despite having a binding death benefit nomination in place, which specified that his benefits should go to his children equally, the trustee refused to honour it. They claimed that the printed nomination form was not received and cited a clause in the trust deed allowing them to invalidate nominations under certain circumstances.

I hear stories like this every week. It’s bad enough Superannuation funds steal your wages but now they want to steal your inheritance.

https://www.afr.com/wealth/personal-finance/ex-girlfriend-may-get-super-despite-drifting-off-when-dad-got-ill-20231030-p5eg0p

Best Regards.

photo Linda-Jane 琳达简德贝洛 Debello
LREA, LJ Gilland Real Estate Property Sales & Management Est 1996 07 3263 6085  |  0409 995 578 www.ljgrealestate.com.au linda@ljgrealestate.com.au PO Box 19, Zillmere QLD 4034 youtube facebook instagram linkedin twitter

Latest Five Star Landlord & Vendor Rate My Agent Review ***** Excellent Service *****

Listed on Thursday, Open House Saturday, sold on Tuesday — need we say more!!! We would like to express our heartfelt appreciation for the exceptional service provided by Carlos and Linda from LJ Gilland Real Estate during the recent sale of our property. Your professionalism, dedication and expertise truly made a significant difference in our home selling experience. From the very beginning, you demonstrated an in depth understanding of the local property market and this proved invaluable in securing the sale of our property. Throughout the process, your communication and responsiveness were exemplary and your patience in answering all our questions demonstrated your commitment to ensuring a successful sale. Your negotiation skills were impressive, as was your attention to detail particularly in organising some minor maintenance tasks that needed to be completed prior to settlement. In a competitive Real Estate market your friendly and approachable demeanour made working with you a pleasure. We wholeheartedly recommend your Real Estate services to anyone looking to buy, sell or rent. Thank you again Carlos, Linda and all of the staff at LJ Gilland Real Estate. Kind regards Wayne and Sandra Warren

Review submitted by Sandra & Wayne Warren (Vendor) on 25 Oct 2023https://www.ratemyagent.com.au/real-estate-agency/lj-gilland-real-estate/property-listings/11-yovan-ct-loganlea-ahhh65?agentCode=cp733

Posted in Australia, Banking, Brisbane, Education, Empowerment, family, finance, LJ Gilland Real Estate Pty Ltd, propertymanagement, Queensland, Real Estate, rentals, rentals sales, Research, residential, sales, SUPER | Tagged , , , , , , , , | Comments Off on “You don’t own your super. Your super is owned by the trustee of your super fund. One of the main flow-ons from this is that you can’t gift your super in your will. Again, it is the trustee of your super fund who can decide where your super goes when you die.

RBA Rate Indicator -November 2023

What is the RBA Rate Indicator?

RBA Rate Indicator -November 2023

The RBA Rate Indicator shows market expectations of a change in the Official Cash Rate (OCR) set by the Reserve Bank of Australia. The indicator calculates a percentage probability of an RBA interest rate change based on the market determined prices in the ASX 30 Day Interbank Cash Rate Futures.

The table below illustrates how market expectations of an interest rate change at the next RBA Board meeting have changed in the last few days. The RBA Rate Indicator is updated at the end of each business day so you can see any change in expectations after each trading day.

The RBA rate indicator provides market participants and commentators with a market monitor for official cash rate expectations in Australia

What is the RBA Rate Indicator saying today?

On the 3rd of October the RBA left the official cash rate unchanged. The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 4.10%.

The next RBA Board meeting and Official Cash Rate announcement will be on the 7th November 2023.

As at the 3rd of November, the ASX 30 Day Interbank Cash Rate Futures November 2023 contract was trading at 95.805, indicating a 50% expectation of an interest rate increase to 4.35% at the next RBA Board meeting.

Market expectations of an interest rate increase at the next RBA Board meeting in recent days.

This calculation is predicated based on ASX Rate Indicator calculation

TRADING DAYNO CHANGEINCREASE TO 4.35%
23 October77%23%
24 October79%21%
25 October45%55%
26 October53%47%
27 October53%47%
30 October48%52%
31 October50%50%
01 November48%52%
02 November50%50%
03 November50%50%

30 Day Interbank Cash Rate Target Implied Expectation of change

Rate Increase %16 October17 October18 October19 October20 October23 October24 October25 October26 October27 October30 October31 October01 November02 November03 Nove…0102030405060Expectation:25bp Rate Increase %

DateRate Increase %
16 October5
17 October23
18 October23
19 October26
20 October21
23 October23
24 October21
25 October55
26 October47
27 October47
30 October52
31 October50
01 November52
02 November50
03 November50

ASX 30 Day Interbank Cash Rate Futures Implied Yield Curve

As at market close on 03 November 2023

Implied YieldRBA Official Cash RateNov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Aug-24Sep-24Oct-24Nov-24Dec-24Jan-25Feb-25Mar-25Apr-250.00.20.40.60.81.01.21.41.61.82.02.22.42.62.83.03.23.43.63.84.04.24.44.64.85.0

MonthImplied YieldRBA Official Cash Rate
Nov-234.1954.1
Dec-234.284.1
Jan-244.294.1
Feb-244.3654.1
Mar-244.44.1
Apr-244.444.1
May-244.464.1
Jun-244.484.1
Jul-244.484.1
Aug-244.4654.1
Sep-244.464.1
Oct-244.4454.1
Nov-244.434.1
Dec-244.3954.1
Jan-254.3854.1
Feb-254.3554.1
Mar-254.334.1
Apr-254.3054.1

Explanatory Note

The Target Rate Tracker uses the 30 day cash rate futures implied yields in calculating the probability of changes to the Overnight Cash Rate. Historically, the Overnight Cash Rate has generally been the same as the Cash Rate Target. However, there are periods where the Overnight Cash Rate may be different to the Cash Rate Target depending on prevailing market conditions.

Disclaimer

This information is indicative only. It is not investment advice and readers should seek their own professional advice in assessing the effect of the information in their circumstances. ASX Limited and its related corporations accept no responsibility for errors or omissions, including negligence, or for any damage loss or claim arising from reliance on the information. Futures and options trading involves the potential for both profits and losses and only licensed brokers and advisors can advise on this risk.

Best Regards.

photo Linda-Jane 琳达简德贝洛 Debello
LREA, LJ Gilland Real Estate Property Sales & Management Est 1996 07 3263 6085  |  0409 995 578 www.ljgrealestate.com.au linda@ljgrealestate.com.au PO Box 19, Zillmere QLD 4034 youtube facebook instagram linkedin twitter

Latest Five Star Landlord & Vendor Rate My Agent Review ***** Excellent Service *****

Listed on Thursday, Open House Saturday, sold on Tuesday — need we say more!!! We would like to express our heartfelt appreciation for the exceptional service provided by Carlos and Linda from LJ Gilland Real Estate during the recent sale of our property. Your professionalism, dedication and expertise truly made a significant difference in our home selling experience. From the very beginning, you demonstrated an in depth understanding of the local property market and this proved invaluable in securing the sale of our property. Throughout the process, your communication and responsiveness were exemplary and your patience in answering all our questions demonstrated your commitment to ensuring a successful sale. Your negotiation skills were impressive, as was your attention to detail particularly in organising some minor maintenance tasks that needed to be completed prior to settlement. In a competitive Real Estate market your friendly and approachable demeanour made working with you a pleasure. We wholeheartedly recommend your Real Estate services to anyone looking to buy, sell or rent. Thank you again Carlos, Linda and all of the staff at LJ Gilland Real Estate. Kind regards Wayne and Sandra Warren

Review submitted by Sandra & Wayne Warren (Vendor) on 25 Oct 2023

https://www.ratemyagent.com.au/real-estate-agency/lj-gilland-real-estate/property-listings/11-yovan-ct-loganlea-ahhh65?agentCode=cp733

The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be privileged and confidential. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation Please consider the environment before printing this email                             
Posted in Australia, Banking, Brisbane, ECONOMIC OUTLOOK, Education, Empowerment, family, finance, LJ Gilland Real Estate Pty Ltd, ljgrealestate, maintenance & roofing, property investor, propertymanagement, Queensland, Real Estate, RENTAL LAWS, rentals, rentals sales, Research, residential, testimonials, wordpress | Tagged , , , , , , , , , | Comments Off on RBA Rate Indicator -November 2023

Apartment rents to jump 30%

9d08eac.png
Apartment rents to jump 30%

Hello Valued Reader

Apartment rents in many areas across Australia are poised for a significant increase over the next five years, as indicated by the latest apartment research released by CBRE.

…some as much as 30%!

The past 1-2 years have witnessed a notable surge in apartment rents, partly attributed to the rental market’s adjustment following the impact of COVID-19.

However, this report implies that the upward trend is far from reaching its conclusion.

The report, titled "CBRE Forecasts Median Rent Growth of $120 per week (+26%) between 2023 and 2028 across 53 precincts in Australian capital cities, with several other precincts likely to experience a robust 30% or higher rental growth."

Furthermore, the report indicates that it expects capital city vacancy rates to decrease further to 0.8% by 2028, down from 1.8% in 2023.

CBRE envisions that the sustained demand for housing will be driven by a triple boost: a growing population (+3.9 million), increasing job opportunities (+2.6 million), and rising incomes (+$36,000) over the next decade.

Here’s the link to view and download the full report: https://www.cbre.com.au/insights/reports/australian-apartment-outlook

9d08eac.png

Best Regards.

Linda-Jane 琳达-简德贝洛 Debello
LREA, LJ Gilland Real Estate Property Sales & Management Est 1996
07 3263 6085 | 0409 995 578
www.ljgrealestate.com.au
linda
PO Box 19, Zillmere QLD 4034

Latest Five Star Landlord & Vendor Rate My Agent Review ***** Excellent Service *****

Listed on Thursday, Open House Saturday, sold on Tuesday — need we say more!!! We would like to express our heartfelt appreciation for the exceptional service provided by Carlos and Linda from LJ Gilland Real Estate during the recent sale of our property. Your professionalism, dedication and expertise truly made a significant difference in our home selling experience. From the very beginning, you demonstrated an in depth understanding of the local property market and this proved invaluable in securing the sale of our property. Throughout the process, your communication and responsiveness were exemplary and your patience in answering all our questions demonstrated your commitment to ensuring a successful sale. Your negotiation skills were impressive, as was your attention to detail particularly in organising some minor maintenance tasks that needed to be completed prior to settlement. In a competitive Real Estate market your friendly and approachable demeanour made working with you a pleasure. We wholeheartedly recommend your Real Estate services to anyone looking to buy, sell or rent. Thank you again Carlos, Linda and all of the staff at LJ Gilland Real Estate. Kind regards Wayne and Sandra Warren

Review submitted by Sandra & Wayne Warren (Vendor) on 25 Oct 2023

https://www.ratemyagent.com.au/real-estate-agency/lj-gilland-real-estate/property-listings/11-yovan-ct-loganlea-ahhh65?agentCode=cp733

The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be privileged and confidential. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation Please consider the environment before printing this email
Posted in LJ Gilland Real Estate Pty Ltd | Comments Off on Apartment rents to jump 30%

Will residential property prices continue to surge despite record breaking interest rate hikes? – article of interest 16-10-2023

From the fixed rate mortgage cliff distress sales (that still haven’t happened), to the next pundit’s prediction that the Australian property bubble is about to burst, there is no shortage of bearish reading material this year. Putting the noise to the side, we believe the prospective return profile of the residential property market in Australia is strong because of an ongoing demand supply imbalance.

Most houses in Australia have commodity-like features, that is, are easily replaced when the development profit equation favours new supply. As such, we view the typical commodity property cycle through the below framework. 

Source: Quay Global Investors 
Source: Quay Global Investors 

This current problem is the development equation generally doesn’t work. The cost of developing residential property in Australia is high by global standards. This is largely due to significant government-related taxes and charges, tight regulations, skilled labour shortages and persistent building material inflation. 

Since 2001, the cost of developing a new house in Australia has increased 6.1% per annum, accelerating to 8% p.a. since June 2019. 

Source: Jarden, ABS, HIA, Quay Global Investors
Source: Jarden, ABS, HIA, Quay Global Investors

The RBA’s recent rate hiking regimen has only added fuel to this fire, with the cost of funding blowing previously plausible feasibilities out of the water. In short, the decisions by the RBA (and other central banks around the world), are putting a halt on new supply, just at a time when Australia needs it most.

The Australian housing ‘crisis’ will not be solved until the cost of supplying the market is lowered, or dwelling prices rise above replacement cost (very high). 

The challenges with supplying the housing market are evidenced in the sustained drop in new supply, now down 45% from the 2021 peak.

Source: ABS, Quay Global Investors
Source: ABS, Quay Global Investors

This constrained supply has been met with robust demand, which is being evidenced in both the ownership and rental residential markets. In the for-sale market, house prices have risen 4.9% since February (Core Logic), and in the rental market we have seen a sustained drop in the vacancy rate and strong rental growth (below).

Source: ABS, Quay Global Investors
Source: ABS, Quay Global Investors

Put simply, until developers are financially incentivised to build again, these conditions will remain, and likely gain momentum. For long-term investors, it’s hard to be bearish Australian residential right now.

Read full Article here:-

Posted in Australia, Banking, Brisbane, commercial, ECONOMIC OUTLOOK, Empowerment, family, finance, industral, LJ Gilland Real Estate Pty Ltd, ljgrealestate, 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, Research, residential, sales | Tagged , , , , , , | Comments Off on Will residential property prices continue to surge despite record breaking interest rate hikes? – article of interest 16-10-2023

The Reserve Bank of Australia (RBA) has kept the cash rate on hold for the fourth consecutive month. However, the RBA is likely to keep a close eye on the housing sector for two key reasons. The first reason is that the strong recovery in the housing market is part of the bridge that helped build a bridge to the other side during the pandemic. The second reason is that with the increase in housing prices and housing debt, risks to financial stability could be building1.

Despite keeping the cash rate on hold for the fourth consecutive month, the RBA is likely to keep a close eye on the housing sector for two key reasons.

The Reserve Bank of Australia (RBA) uses monetary policy to control inflation. The RBA’s primary tool for managing inflation is the cash rateWhen the RBA raises the cash rate, it is called contractionary monetary policy because it is designed to reduce spending and slow down the economy, which in turn reduces inflation 1The RBA aims to keep inflation between 2 and 3 percent over time, as it believes that this is the optimal level of inflation that will support sustainable economic growth and employment 23. The inflation target is defined as a medium-term average rather than as a rate or band of rates that must be held at all times. This formulation allows for the inevitable uncertainties involved in forecasting and lags in the effects of monetary policy on the economy 2Fiscal policies such as increasing taxes or cutting spending can also be used to reduce inflation 4.

The RBA kept the cash rate on hold at 4.1% for the fourth successive month in October, citing ‘a more sustainable balance between supply and demand in the economy’, but also ongoing concerns about inflationary pressures and a heightened level of uncertainty surrounding the economic outlook.

The recent uptick in inflation, from 4.9% annually in July to 5.5% in August, wasn’t enough to prompt a further rate hike this month. With volatile measures stripped out, annual growth in the monthly CPI did continue to ease to 5.3% (down from 5.6%). However, clearly inflation remains high on the RBA’s risk radar. Higher fuel and energy prices, alongside persistently high services and rental inflation have the potential to trigger another rate hike later this year. Logically, the RBA will be waiting to see September quarter inflation data, released the week ahead of the RBA’s November meeting. With this in mind, the November meeting will be closely watched.

The RBA is also likely to be keeping a close eye on the housing sector. Rental pressures are front and centre in the inflation numbers, however the annual change in CoreLogic’s measure of market rents has been slowing since October last year. CPI rents tend to lag market rents, implying CPI rental growth could be close to peaking.

Importantly, the upswing in Australian housing values has lost some steam over the past quarter, with a 2.2% rise in CoreLogic’s national Home Value Index compared with a 3% rise through the June quarter. Although the RBA doesn’t directly target asset prices in their decisions, the ongoing rise in housing values across most regions of Australia could be a concern for the RBA. Higher housing values have the potential to keep inflation higher for longer due to the flow on from the wealth effect; if homeowners feel wealthier they may be inclined to spend more.

Although we have seen the cash rate holding firm for four months now, there is little sign of a lift in consumer spirits. Both the weekly and monthly measures of consumer sentiment are holding deeply in pessimistic territory. With households continuing to face cost of living pressures, alongside the spectre of another rate hike, it’s unlikely consumer attitudes will show a material lift any time soon. With housing market activity and sentiment highly correlated, it’s unlikely residential purchasing activity will show a material rise until some certainty returns to the economy.

The RBA cash rate is the interest rate that the Reserve Bank of Australia (RBA) charges on overnight loans to commercial banks. The RBA uses the cash rate as a monetary policy tool to influence the level of inflation and economic activity in Australia. The RBA has kept the cash rate on hold at 4.1% for the fourth consecutive month in October 2023, following its first meeting under the new governor Michele Bullock1.

The main reasons for the RBA’s decision to hold the cash rate steady are12:

  • The previous rate hikes have helped to contain inflation and bring it closer to the target range of 2-3%.
  • The economic outlook is uncertain, especially due to the developments in China, the largest trading partner of Australia, and the rising fuel prices.
  • The RBA wants to assess the impact of the past rate increases and the evolving economic conditions before making any further adjustments.

The view of the RBA cash rate hold among economists and analysts is mixed. Some expect that the RBA will need to raise the cash rate again by the end of the year or early next year, as inflation remains high and the economy recovers from the pandemic-induced slowdown12. Others predict that the RBA will keep the cash rate unchanged for a longer period, as inflation pressures ease and the economy faces headwinds from external and domestic factors3. The RBA has indicated that it will continue to monitor the data closely and adjust the cash rate as necessary to achieve its inflation and growth objectives1.

https://ow.ly/4Sz650PSfIv #cashrate #RBA #housingmarket #property #realestate

Posted in Australia, Brisbane, ECONOMIC OUTLOOK, ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, Education, family, finance, LJ Gilland Real Estate Pty Ltd, ljgrealestate | Tagged , , , , , | Comments Off on The Reserve Bank of Australia (RBA) has kept the cash rate on hold for the fourth consecutive month. However, the RBA is likely to keep a close eye on the housing sector for two key reasons. The first reason is that the strong recovery in the housing market is part of the bridge that helped build a bridge to the other side during the pandemic. The second reason is that with the increase in housing prices and housing debt, risks to financial stability could be building1.

The latest Pain & Gain report indicates an improvement in profitability for home sellers, with the loss-making rate easing to 7.2% through the June quarter from a recent peak of 7.6% in the three months to March.

The latest Pain & Gain report indicates an improvement in profitability for home sellers, with the loss-making rate easing to 7.2% through the June quarter from a recent peak of 7.6% in the three months to March.

Despite profitability in Australian home resales increasing for the first time in a year, the portion of loss-making short-term resales increased to 9.7%, from just 2.7% a year ago.

The CoreLogic Pain & Gain report for the June quarter shows the rate of profit-making sales increased for the first time in a year, to 92.8% of resales. This is a 40 basis points increase from the previous quarter, and coincides with a 2.8% lift in home values nationally.

However CoreLogic Head of Research and report author Eliza Owen said a deeper dive into the performance of resales within a two-year period highlights more pain for recent home buyers.

“Two years is a significant time period because we are two years on from the height of pandemic-related lockdowns, low interest rates, and have just passed the peak of transitions from low fixed rates to high variable rates,” Ms Owen said.

“The portion of homes sold within just two years increased by one percentage point to 8.5% over the past year, however the portion of these short-term resales where the seller incurred a loss has increased more substantially, from just 2.7% a year ago to 9.7% in the June quarter. This suggests more sellers are willing to incur a loss at the moment, which could in part be the result of high interest rates.”

Ms Owen said the profile of loss-making sales was not too different from overall resales in the quarter.

“Of the loss-making resales held for up to two years, the median loss was $30,000, compared to a median profit of $75,000 for nominal gains within the same hold period. Houses made up 66.0% of short-term, loss-making resales, and 63.3% were in capital cities,” she said.

Owner occupiers have incurred the most short-term nominal losses at 72.1%, as opposed to 27.9% by investors, a similar split to the portion of overall resales in the June quarter.

Short-term resales rise in regional Australia

Short-term resales analysis suggests that an unusually high portion of short-held regional properties were sold in the year to June 2023. Resales within two years made up 11.1% of overall regional resales, compared to a decade average of 7.2% per year.

Ms Owen said this shows regional owners are selling up after a short stint of tree change or sea change.

“Around one in 10 regional Australian property sales were held for only up to two years. A further breakdown of this data by SA4 regions shows some of the highest concentrations of short-term resales were in parts of regional Queensland, including Wide Bay (17.3%), the Gold Coast (15.2%) and the Darling Downs – Maranoa region (14.4%). This suggests that people might be selling up after trying to live, or invest, in more remote regional or lifestyle areas.”

Despite a relatively short hold period for a high portion of resales, the regions remained profitable for sellers. In the June quarter, 91.9% of homes held for up to two years made a nominal gain from resale, which is higher than the overall profitability of these resales nationally (90.3%).

Houses and units

Outside of short-term resales, the high level trends in profit-making sales broadly show an improvement.

Ms Owen said both houses and units saw an increase in the level of profit-making sales nationally, though unit sellers incurred a nominal loss from resale around four times larger than house sellers.

“Only 3.5% of house sales made a nominal loss, down from 3.8% in the previous quarter. Ms Owen said the rate of loss-making house sales has remained fairly low and steady since the December quarter of 2021, remaining below 4.0% since this time.

“The unit sector has seen a lot more weakness in profitability through the recent housing downturn, with 14.4% of unit resales making a nominal loss, or around 4.1 times more likely than house resales. However, the rate of loss-making resales declined 90 basis points from the previous quarter, which has served to narrow the gap in the rate of loss-making sales between houses and units, which had hit a record high in the series last quarter.”

Pain & Gain outlook

Overall, Ms Owen said profitability is expected to rise with home values.

“The rate of profit-making sales tends to follow capital growth trends. With home values continuing to rise through July and August, we estimate the level of profitability from resales will also move higher through the September quarter.”

Key findings for Pain & Gain, June Quarter 2023

  • CoreLogic analysed approximately 83,000 dwelling resales in the June 2023 quarter.
  • The incidence of profit-making sales nationally increased to 92.8%, up from 92.4% in the previous quarter.
  • The median gains from resale were $290,000 in the quarter, and the total nominal profit from resales were $25.8 billion.
  • The median losses from resale were $39,982, and the total nominal losses were $323 million.
  • Net profit from residential resales was $25.5 billion in the June quarter.
  • Among the capital cities Darwin had the highest volume of loss-making resales at 34.4%, followed by Perth at 12.3%.
  • Adelaide was the most profitable market of all the regions and capital cities, with just 1.8% of loss-making sales.
  • Owner occupiers continued to see a far greater rate of profitability than investors, at 96.3% compared to 88.3% of investors.
  • The median hold period of resales across Australia was 8.7 years through the June quarter, down from 8.9 years in the March quarter, and almost 10 years in the final quarter of 2022.



Read more ➡️ ow.ly/us7x50PO5EU

Posted in ECONOMY FINANCE BUSINESS LJGREALESTATE RENTALS PROPERTY SALES PROPERTY INVESTOR PROPERTY MANAGEMENT, Education, Empowerment, family, finance, Foreign Investment, 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, MT ISA, Negative Gearing, property investor, propertymanagement, Queensland, Real Estate, rentals, Research, sales, testimonials, wordpress | Tagged , , , , | Comments Off on The latest Pain & Gain report indicates an improvement in profitability for home sellers, with the loss-making rate easing to 7.2% through the June quarter from a recent peak of 7.6% in the three months to March.

URGENT MESSAGE RE CLOSING TODAY – NATIONAL RENTAL INQUIRY

fe25d925-3cfe-ec66-39c8-182fbd4cf693.jpg

Dear Industry Friends and Clients of LJ Gilland Real Estate & The Real Estate Institute of Australia,

A final word to thank you for all your hard work in making submissions to the National Rental Inquiry.

Together, we have already influenced National Cabinet to emphatically reject rent freezes and rent controls.

We’ve also gotten nearly 5,000 family investors and homeowners to make submissions to the Inquiry.

There is still time to make a submission for renters, family investors and experts closing tomorrow 1 September 2023. Click here to have your say.

REIA, together with our member Institutes, will continue to fight for better outcomes for housing and private property markets to ensure a home for all Australians.

Watch this space.

Hayden Groves
REIA President

Source REIA

https://ljgillandrealestate.wordpress.com/2023/08/09/national-rental-inquiry-lets-fix-the-rental-shortage/

https://ljgillandrealestate.wordpress.com/2023/08/18/urgent-update-for-our-valued-property-clients-from-the-real-estate-institute-of-australia-carlos-linda-team-lj-gilland-real-estate/

Best Regards,

000000001LJGLOGO100.crop_444x326_17,18.preview.format_png.resize_200x.png
Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
电话:07 3263 6085
| 手机号码: 0409 995 578 & 0400 833 800
http://ljgrealestate.com.au/testimonials/
linda
| PO Box 19 Zillmere QLD 4034
https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/21-hansford-st-north-lakes-aazmif
https://www.ratemyagent.com.au//real-estate-agent/linda-debello/reviews/20-cresthaven-drive-mansfield-aaxq95
https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/5-nolan-pl-calamvale-qld-4116-aaxj1r
http://ljgrealestate.com.au/competitive-commission/ http://ljgrealestate.com.au/property-management/ http://www.facebook.com/ljgrealestate
Post a review to our Google Business profile as this is another portal for which we help spread the word and promote rental and sale listings to help our Clients i.e. https://g.page/ljgrealestate/review?gm
The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be privileged and confidential. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation P Please consider the environment before printing this email
Posted in LJ Gilland Real Estate Pty Ltd | Comments Off on URGENT MESSAGE RE CLOSING TODAY – NATIONAL RENTAL INQUIRY

CARLOS – LATEST METRICS RE HOME VALUES AND RENTS AUGUST/SEPT 2023 SOURCE CORELOGIC HVI

Dear Valued Friends and Property Investors,

The following is for your perusal and information only:-

Australia’s home prices likely rose at a slightly faster pace in August (+1%) compared with July (+0.8%), based on CoreLogic’s daily 5 capital city index. Brisbane (inc Gold Coast) prices are up 1.4% with Sydney and Adelaide prices both 1.1% higher.

Adelaide and Perth are the only capital cities at new highs, Brisbane is still below it’s high in March 2022 based on this data (which includes the Gold Coast), though on the ground in Brisbane we are seeing data points of new all time highs in our target areas.

https://ljgillandrealestate.wordpress.com/2023/09/01/australias-home-prices-likely-rose-at-a-slightly-faster-pace-in-august-1-compared-with-july-0-8-based-on-corelogics-daily-5-capital-city-index-brisbane-inc-gold-coast-prices-are-up-1-4-w/

Best Regards,

000000001LJGLOGO100.crop_444x326_17,18.preview.format_png.resize_200x.png
Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
电话:07 3263 6085
| 手机号码: 0409 995 578 & 0400 833 800
http://ljgrealestate.com.au/testimonials/
linda
| PO Box 19 Zillmere QLD 4034
https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/21-hansford-st-north-lakes-aazmif
https://www.ratemyagent.com.au//real-estate-agent/linda-debello/reviews/20-cresthaven-drive-mansfield-aaxq95
https://www.ratemyagent.com.au/real-estate-agent/linda-debello/reviews/5-nolan-pl-calamvale-qld-4116-aaxj1r
http://ljgrealestate.com.au/competitive-commission/ http://ljgrealestate.com.au/property-management/ http://www.facebook.com/ljgrealestate
Post a review to our Google Business profile as this is another portal for which we help spread the word and promote rental and sale listings to help our Clients i.e. https://g.page/ljgrealestate/review?gm
The information in this message is intended for the recipient named on this email. If you are not that recipient, please do not read, copy, distribute or act upon the message as the information it contains may be privileged and confidential. If you have received this message in error, please notify us immediately by return email. Thank you for your co-operation P Please consider the environment before printing this email
Posted in LJ Gilland Real Estate Pty Ltd | Comments Off on CARLOS – LATEST METRICS RE HOME VALUES AND RENTS AUGUST/SEPT 2023 SOURCE CORELOGIC HVI