31 May 2010

Property Fans and Followers Community Launched for 'Grass Roots'

North Queensland’s Property Followers and Fans Community was launched today by Rapid Realty’s Principal Director, Aaron McLeod to offer ‘grass roots’ property investors, observers and professionals a locally-driven online forum to share their experiences and aspirations, opinions and views.

The Global Financial Crisis (GFC), interest rates, Federal Government's tax reform and the Queensland Premiers’ initiative for Townsville to become a semi-functional Capital City of Queensland are just a few topics that are generating views and opinions about local property markets and policy makers.

Astute buyers and sellers in the market are raising these issues with their agents and each other as global, national and local events such as tax reform, infrastructure projects, water charging changes, etc. are impacting the decision making process of local investors to either retain, turnover or expand their property asset portfolios, Aaron McLeod said.

These are real issues facing investors as the latest RP Data – Rismark Home Value Index was released today headlining that “home values (are) flat in April as heat comes off Australia’s housing market” and “Housing markets outside the capital cities record no growth in 2010”.

Stories about the housing and property market are being reported and narrated by industry players such as RP Data, REIQ and advertising portals, but listening to the views and opinions of real buyers, investors and sellers at the ‘grass roots’ are equally important if not more important. Aaron McLeod said.

With over 50 percent of enquiries about real estate listings being sourced from internet portals such realestate.com and domain.com.au, just to name a couple, creating a meeting point for property fans and followers using the greatest social-networking movement in history was a stand-out initiative to dialogue ‘grass roots’ stories.

The Townsville Real Estate blog site and Rapid Realty’s Facebook site are two new online forums offering astute buyers and sellers, and apprentices to the property markets, the opportunity to interact and stimulate community views and opinions about real estate in North Queensland.

In the absence of any locally-driven online social forum for property fans and followers, North Queenslanders can simply search for Rapid Realty’s community networking site in Facebook by searching on ‘rapid realty’ and posting comments, photos, videos, discussions, links and blogs.

Followers can log on to the Townsville Real Estate blog site http://townsvillerealestate.blogspot.com/ to follow the latest ‘grass-roots’ news and feature properties or publish comments.

Rapid Realty's Principal Director is offering new fans and followers to these 'grass roots' online forums a chance to win exclusive corporate box tickets to the 2010 Townsville V8 Supercars and North Queensland Cowboys home games in an effort to stimulate initial memberships.

27 May 2010

Positioned for Pleasure! - Acreage Property

Are you looking for acreage to build your dream home and create a country lifestyle for you and your family with plenty of space to enjoy?

Well look no further because this 1 ¼ acreage block is your ideal opportunity to make it happen and experience the pleasure owning this excellent acreage.

You would be set on your own 4803sqm level property making it cost effective for building your own designer home with plenty of room for your own shed, pool and lots more. Perhaps you like your pets, gardening or just relaxing in peace and quiet.

Acreage estates on the northern side of Townsville are in demand and Black River - River Park Estate is proving to be very popular with quality homes already being built in this friendly community.

This Estate offers town water, electricity and bitumen road access right to your acreage. Just for the kids and family, you will have public access to the beautiful family friendly park and play equipment in the estate with direct access to Black River by foot via Parkway Place.

Woodlands Shopping Centre with Woolworths, KFC and variety stores are close by only 5 minutes from home. You can also feel safe knowing the medical centre at Purano Park, Police Station, Rural Fire Brigade and Ambulance Station are located within 2-5 minutes from your new acreage property.

But this acreage doesn’t just offer the tree change opportunity with wide open spaces; it also offers a sea change with some of the best beaches and fishing only 10-15 minutes drive away. You have the choice of the best schooling in the area.

If you get the itch to venture into the City, Townsville has excellent dining, entertainment and events in North Queensland. The domestic airport is 15-20 minutes from home to welcome your distant visitors, friends and family.

This friendly community and quality estate offers a great lifestyle. Take a drive this weekend and contact your local agent Aaron on 0414 590 110 for a chat and find out more.

25 May 2010

Townsville Landlords Ponder 100% Water Charging

Landlords may seek to explore Water Charging provisions in the Residential Tenancy and Rooming Accommodation (RTRA) Act from October 2010 as Townsville City Council introduces separate water charging notices to property owners.

Under the RTRA Act, Landlords can transfer 100% of water usage charges from the Council to the Tenant if the Landlord's property meets the following criteria;

1. the rental premises are individually metered (or water is delivered by vehicle), and
2. the rental premises are water efficient, and
3. the tenancy agreement states the tenant must pay for water consumption.

Rapid Realty's Principal in Townsville, Aaron McLeod is urging Real Estate professionals to consult with their Landlords to seek direction and instructions regarding the most appropriate way forward, aiming for a fair and reasonable outcome for all concerned.

The purpose of the residential tenancy legislation being introduced was to ensure water resources are used in a more sustainable and responsible manner by households and consumers.

As most people would agree, water is the most valuable natural resource available to the community and it must be managed accordingly.

For more information on water charging from the perspective of Landlords and residential Tenants, the RTA website offers useful guidelines and a fact sheet at www.rta.qld.gov.au/index.cfm

Real Estate agencies and tradesmen that need a more detailed appreciation of the water charging legislation that covers the types of products and the standard to which they must comply with the federal legislation, the WELS (Water Efficiency and Labelling and Standards Scheme) website is a useful source of information at www.waterrating.gov.au/

Mr Mcleod clarified that residential tenants with an existing tenancy agreement which does not specify 100% water charging is applicable are most likely on a scheme that allows the Landlord to charge excess water usage only. The property must still be separately metered.

23 May 2010

Bargain Buy Real Estate - 2 Bedroom Unit Hermit Park

SOLD -Hermit Park is a popular suburb for families, professional and semi-professionals seeking a quality lifestyle and convenience to services on Charters Towers Road and Townsville City only 3 minutes from home.

The price of this unit has been reduced to bargain buying levels and it’s still negotiable at $215,000 Neg. As a rental property with cash flow and capital return opportunities, this 2 bedroom unit is worth a closer look.

The unit has:

•2 bedrooms with air-conditioning
•polished oak timber kitchen
•carpets to bedrooms and lounge
•kitchen, internal laundry and separate toilet and bathroom are tiled
•gardens and private courtyard
•carport and storage room
•Situated at the end of quiet Street close to water-side park
•clean and convenient home within a low maintenance complex
•close to shops, restaurants, entertainment, sport and recreation facilities and parklands
•walking distance to North Queensland’s largest sporting event the V8 Supercars and Townsville’s cultural and arts precinct at Reid Park

Contact Aaron on 07 4771 3600 or email sales@rapidrealty.com.au for a viewing.
Sustainability declaration available from agent.

22 May 2010

Townsville Real Estate Buyers Bonanza

Townsville's confident and cashed-up buyers and investors actively searching the residential and commercial property markets now and in the coming months could find excellent investment opportunities.

The word on the street suggests that factors impacting both the supply and demand sides of the market may be combining to present confident and cashed-up investors the foundations for future positive returns and yields. To use a well used cliche, investors 'make money when they buy, not when they sell', so this could be the time for those investors.

In the first instance, there are supply trends that are seemingly emerging on the back of strategic financial and political events in the international, national, state and local markets that could see further property stocks being released.

On the minds of many people are events such as; interest rate increases, Australian $ and company stocks taking a dip in value, European bailouts, federal tax reform on mining, all of which may be combining to affect the asset holder's evaluation of perceived financial constraints and risk profiles.

These inconclusive factors at this stage of political and financial uncertainty could be pressuring property owners, particularly reactive and fearful sellers, to seek a more fluid asset base and thereby push their properties onto the market for sale to reduce their residual risk exposure.

While on the demand side of the market, confidence levels have decreased by as much as 10-20% in recent reports. This is due to the uncertainty in future private capital investment impacting the mining industries, employment prospects, sale of government assets, and lower than expected investment programmes announced in the Federal Government's budget for the Townsville region. Unqualified discussions and observation by our office of buyer behaviours in their research and decision-making suggests buyers are treading carefully.

Although not uncommon for investors and business to take a wait and see approach in an election year, I believe the announcement of the "super profits" tax on mining companies and the way in which this prospective tax was announced by government may have contributed significantly to the perceived reduction in confidence for real estate buyers.

Despite these perceptions however, the fundamentals and broad base of the Townsville economy is solid and should sustain property prices on quality property assets in the coming period of perceived uncertainty.

For some sellers the perceptions, fear and circumstances may just be enough to present confident and cashed-up investors a buying bonanza in the Townsville Real Estate market in the coming months.