Ready the Spinnaker – Winds of Fortune Turning in the Townsville Market

Townsville property has experienced significant head winds over the past 12-24 months impacting on investor yields, particularly in the apartment market, while lower median prices and valuations have occurred on the back of slowing economic conditions.

Increased holding costs, higher unemployment, government stimulus programs impacting over supply in the new construction sector, and fiscal policy reducing demand for private rentals with tax minimisation incentives for investors, have all been contributing factors as reported by Townsville Real Estate Blog.

It seems many measures and conditions have been unfavourable for incumbent investors while the fundamentals of the City’s broad-based economy have sustained continued interest in Townsville as a solid investment destination.

As the head winds ease and the inevitable turn of momentum comes, events are suggesting the winds could now be moderating to the stern (rear of the ship) offering forward momentum as governments announce publicly at least, sponsorship of capital investment projects such as the Ross Creek Precinct and jobs programs at a local call centre to mitigate the political risk of intolerable unemployment figures, and a growing displeasure with the perception of South-east Queensland-centric policies of the Newman government.

Now the Capital City markets are slowing and rental yields are weakening, as reported by RP Data’s senior researcher, Cameron Kusher. Mr Kusher reported; “With rents growing at their slowest pace in many years we are also seeing weakening rental yields. At a combined capital city level across all dwellings, gross rental yields are recorded at 3.8% which is the lowest reading since January 2011. With the rate of capital gains outpacing rental growth we are seeing rental returns reduce across all capital cities. In fact, over the past year gross rental yields have fallen across each capital city.

Townsville some 24 months ago experienced simular dynamics with an increasing supply of new housing driven by Federal and State government money, cash flow thirsty developers pushing land releases, cheaper housing models on smaller allotment sizes and a highly competitive build market caused yields and prices to ease.

RP Data’s Mr Kusher also commented; “The surge in building approvals over the past 18 months or so is likely to be contributing to the slowing rate of rental growth. With the number of home sales rising, new housing supply rising, more investor owned properties and population growth slowing, those renting properties have comparatively more housing options to choose from. As a result, the owners of these investment properties have less scope to increase weekly rents when renters can find alternate accommodation more easily than in the past”.

Townsville’s rental vacancy rate has reduced from July to August 2014 by 1% as the mid-year seasonal in-flows of people occur. Still less demand experienced in previous seasons as Herron Todd White’s Townsville Rent Roll Report for Oct 2014 identified with total vacancy rates sitting at 4.42%, units are 5.77% and houses are 4.42%.

Compared to Oct 2013, the vacancy rate for Oct 2014 is nearly 2% higher, which does not lead well for vacancy rates and flow on demand of consumer goods and services coming into the Christmas period, which traditionally experiences further outflows of people from the City.

Despite the sustained higher vacancy rates pushing prices for rental accommodation down in both unit and housing, interest in house sales have improved slightly with an increased median price of 3.5% over the past 12 months. Unit prices reduced by 12% with this sector considered a high risk investment in the short term. Houses on the other hand are picking up from the winds of fortune turning and astute investors are heeding the signals.

Local Real Estate Principal and Auctioneer, Aaron McLeod commented; “Our Townsville team has experienced an upswing of buyer interest in properties with value-add prospects. Land where a small subdivision, dual occupancy development is approved within 5 kilometres from the CBD or where properties need minor improvements to generate a positive return in financial or lifestyle terms”, Mr McLeod said.

Self-managed superfunds have been active in the market along with traditional home buyers acting on the purchase of quality homes at fair prices. These buyers along with astute investors have contributed to the transaction volumes and causing a modest upswing in prices off the back of sustained price easing over the past 5 years, Mr McLeod commented.

With government attention being drawn to the North Queensland economy with relatively high unemployment leading up to a State election, the supply of new housing easing as competition and development cost become less profitable, government funding for subsidised accommodation reducing and Capital City yields and prices easing in an environment of low cash rates, Townsville and North Queensland investors should get set as the main sail draws on the tail winds of an improving property market leading into 2015/16.

References:

RP Data Core Logic Report

Herron Todd White Townsville Rent Roll Survey Report

Townsville Real Estate Blog

Breaking Story: Townsville Property Investors Left out of Pocket;Building Contractor License Terminated

The newly reformed Queensland's Building Construction Commission (QBCC) has terminated the licence of an alleged unethical building contractor operating in the Townsville new construction industry, leaving many angry investors in the dark and out of pocket thousands of dollars.

Reports of the contract builder's termination comes as the Townsville property investment and rental market feels the strain of increasing vacancy rates, reported by Herron Todd White in September 2014 to be trending at 6.08%.

Mostly South-Eastern and Western Australian investors who signed up to off-the-plan house and land contracts are impacted by the termination of the builders' license. Most of the 20-30 new investment properties are now abandoned, partly completed like ruined buildings and ghost houses nearing final completion waiting for QBCC assistance, which cannot come soon enough for mum and dad investors across Australia.

Approximately 500 new developer lots were available in April 2014 for purchase in the Townsville market. The scope of impact is relatively minor at this stage in the context of the entire new construction market in Townsville. But this offers no consolation to the many investors committed to the Townsville and Darwin property markets through what is known as the "Base Camp" investment system.

Local estate agents are reporting that unpaid contractors are returning to the properties and removing installed equipment because they have not been paid by the disgraced contract builder. One agent who wished not to be identified said; "we went to the property to check progress of works on behalf of our client and take photos, then found at the next visit that the irrigation system had been stolen or ripped out of the ground".

Ex employees of the contract builder have also confirmed that sub contractors are recovering their equipment from the abandoned buildings in lieu of being paid for their services. Suppliers have cancelled scheduled services on the news of the builder's license termination, and in some cases honestly refunded up front payments to the client on the "smell of a rat".

Townsville Real Estate Principal and Property Management Expert, Aaron McLeod said; Investors must be very careful dealing with venture building contractors especially those engaged by property investment spruikers to build and commission new investment properties. Investors are advised to engage the services of a licensed real estate professional in the location of the project, and work with local reputable builders.", Mr McLeod commented.

Back in 2013, Townsville contractors remember all too well when "Walton Construction (Australia) Pty Ltd and Walton Construction (Queensland) Pty Ltd were placed under administration on October 4 this  year owing millions of dollars to sub contractors across Queensland, NSW and Victoria." (Sunshine Coast Daily, Oct 2013)

Distressed investors are anxiously seeking help from the newly formed QBCC, insurance providers, lenders and the Southern investment spruikers who brokered the investment opportunities in the first place through participating finance brokers, often luring investors through effective telemarketing or property investment seminars in the capital cities.

At least one innocent investor has reported to the Townsville Real Estate Blog that they paid the final payment to the builder, then learned through the developer's covenant inspector that a substantial list of defects needed fixing. Defects such as fences, gates, roller doors, doors, security screens, locks and plumbing services, irrigation, etc. we're found not working at the property.

A practising Townsvilke building certifier reported; "These are components not typically included in the final inspection covered by the statutory Form 21 process. These defects seemed to have slipped through the gap in this certification process because plumbing and drainage is handled by local council inspectors, not the privately contracted and licensed building certifiers."

Perhaps most culpable could be the inspector, believed to be the licensed certifyer, that verified to the Client's lender via the investment spruiker that the building was completed and ready for handover. In addition, the plumbing and drainage final either was not done or was not delivered by the investment spruiker to the Clients lender before the final loan payments were disbursed to the failed builder.

Meanwhile, the builder and onsite supervisor reportedly coerced the investor into paying the final payment before keys could be provided to an independent agent, knowing forewell the property was not satisfactory for handover.

Because the investor has drawn down 100% of the borrowings after the Form 21 final certification form was received by the lender, the undisclosed defects still prevented the building from being occupied and rented so interest payments on the client's borrowings for the project could be serviced from cash flows.

Sources of the Townsville Real Estate Blog believe the Company Directors behind this particular investment scheme are based in Yatala, located between the Gold Coast and Brisbane. It is believed the company, which produces the steel framing for all of the new buildings, has set up a subsidiary contract building company in alliance with investment spruikers, delivering poor quality uninhabitable homes on this occasion to unsuspecting investment clients.

This type of company, setting up intermediary building companies, are taking advantage of the substantial increase in demand from property investors wanting to set up self managed superannuation funds on the back of government legislation reform and taxation changes on private superannuation contributions.

Questions are now being asked how a licensed certifier could complete the final Form 21 when the building was not completed satisfactorily? And the licensed builder, now the subject of QBCC license termination, could get away with causing such financial stress and mounting losses to innocent investors? How could the QBCC issue licenses in the first instance to seemingly unqualified and underfunded intermediary companies?

This property investment scheme debacle is unfolding at a time when Minister for Housing and Public Works, Tim Mander, said a "new early dispute resolution service would make solving problems between builders and families far less stressful than in the past". (Queensland Government and Ministry Director website, 30 June 2014)

"Contract disputes are never pretty but when you're talking about disputes between mums and dads who are making the biggest investment of their lives, and builders whose livelihoods could be on the line, it's only natural that emotions can run high," Mr Mander said.

"In the past there was no assistance fro families, or for builders, until the contract had either been terminated or completed, which meant the process cold drag on for months.

"This new service will significantly reduce the cost that disputes can place on consumers and contractors as well as substantially reducing the time it takes to resolve them, without legal action.

"This free service is part of our strong plan to grow construction, as we promised, and will create a brighter future for the industry."

Mr Mander, said the early dispute resolution service was just one of a raft of measures coming into effect on July 1 which would make life easier for builders and consumers.

It seems the integrity of the Campbell Newman Government's reforms of the old Building Services Authority (BSA) with the reformed QBCC will face its first real test in light of these serious events unfolding in Townsville, Darwin and across Australia.

Innocent investors already caught up in this potentially explosive property investment scheme impacting Northern Australia, could pay a high price in an economy under enormous strain from a government hellbent on centralised procurement in the lead up to the Commonwealth Games on the Gold Coast.

The depth of impact involves a supply chain of property investment spruikers, mortgage brokers, banks, builders, subcontractors, property managers and the government's own construction licensing regime.

Townsville Real Estate Blog reported in August with insight the impact that new construction and property spruikers were having on the supply and demand dynamic of the Townsville property market. (Boom or Bust? Convergance of Factors Impacting on Townsville Real Estate Market, http://townsvillerealestate.blogspot.com.au/2014/08/boom-or-bust-convergence-of-factors.html)

Owners and contractors impacted by failed construction investments can contact the QBCC hotline on 139 333 for help.

References:

Sunshine Coast Daily

http://www.sunshinecoastdaily.com.au/news/state-probe-into-walton-49m-failure/2091194/

Townsville Real Estate Blog

http://townsvillerealestate.blogspot.com.au/2014/08/boom-or-bust-convergence-of-factors.html

Queensland Government and Ministry Directory website, 30 June 2014
http://statements.qld.gov.au/Statement/2014/6/30/building-disputes-to-be-resolved-faster-and-cheaper

Media Release: Local Agent Head On with Foreign Franchises

Townsville's sporting community is proud of our local teams winning on a state, national and international stage be it the NQ Cowboys, Townsville Crocs, Townsville Fire or Queensland’s record breaking State of Origin team.

Well it's no different in the real estate game with locally founded company, Rapid Realty Pty Ltd (Australia) approaching the playing field with a feeling of pride and determination, taking on the foreign franchises head on with its own style of marketing, education and auction extravaganza events.

Townsville's own real estate franchise, often recognized by a "big red man" on 2.4m high signs around the streets of Townsville, was established in South Townsville in 2007 by two brothers with one employee.

Now employing a team of six staff, over 20 regular contractors and an alliance network of finance, legal and planning professionals with a "standout brand" delivering real estate sales and property management services across North Queensland.

"The innovation of our team to design and deliver a solid brand, practicing values of integrity, quality and service efficiency in a combined property education and trading event is remarkable; Rapid Realty's Founder and Managing Director, Aaron McLeod said from his Kirwan home.

Mr. McLeod commented; this marketing initiative is consistent with our "real service, rapid results" commitment and is a reflection of the passion, gutsy and try-all attitude of our people to exceed client expectations. Our clients want “rapid results” but not at the expense of fair prices, so achieving a sale within 8 weeks 90-95% of the time is a quality outcome.”

Rapid Realty is seeking more local people to aspire and share in the values and growth plans for the company, firstly in North Queensland and then across Australia. With the real estate industry and property market on the verge of recovery in 2014, enquiries from aspiring real estate professionals wanting to enter the industry is picking up, Mr. McLeod reported.

Helping the community with education and achieving great sales results for clients through the "learn and earn, one-stop-shop" initiative is a win win outcome in a competitive real estate market in Townsville.

More often than people may acknowledge, the corporate business gives to the needy in the community with sponsorship or donations. In kind, people going through the pain of divorce, deceased estates, financial stress forcing a down grade or disposal of a property are all reasons an agent helps distressed customers with no financial gain. The client’s freedom to decide to sell is withdrawn for legal, emotional or economic reasons.

Providing free expert opinion and no obligation information is invaluable to the community needing the freedom of choice and movement. Learning and earning is an essential community need for personal growth and economic prosperity.

Being a real estate agent today is about "giving, not taking"; Mr. McLeod said. The mantra of giving and helping is a soft approach to selling. This has seen the company’s earnings increase 20% per year since Rapid Realty was launched in 2007. With their headquarters to remain in Townsville, the "learn and earn" initiative creates perfect synergy with all levels of investors needing to research before they buy.

Supporting a true local agent means the Townsville community benefits from employment opportunities, capital investment and profit reinvestment, as well as in kind knowledge expertise with genuine interest in caring for people. That’s the Rapid Realty way and point of difference from foreign franchisers, Mr. McLeod stated.

Ready for further development and expansion from its Townsville home, Rapid Realty is presenting their marketing talent this Tuesday 25^th Feb at the Master Builders House on Sturt Street showcasing the "learn and earn, one-stop-shop" property investment seminar and auction extravaganza.

There are limited seats available so registrations will be necessary. If you want to support this Townsville company, register rapidly at www.rapidrealty.com.au or call their office on 4771 3600.

North Queensland Strata Rental Market in Eye of Perfect Storm

Herron Todd White's Townsville Vacancy Rates Report, November 2013 shows the unit market is under critical strain and worthy of short term intervention from policy makers and general protest from investor groups and many thousands of owner occupiers.

Local, state and federal governments have been acutely aware of the cost pressures being felt by North Queensland property owners, particularly in the strata unit market, who by and large are first home buyers or elders in their twilight years of retirement, due to un-costed climate change policies, back flips and innuendo by previous governments and left wing lobby groups leading to an environment fit for power brokers in the insurance, energy and public taxation sectors to gouge profits.

Could a plan of fleecing struggling North Queensland property owners of their hard earned money while masquerading as energy suppliers, climate protectors, climate risk adjusters and dare I say it humanitarians be the intention of our domestic and global leaders?

It seems the balance of social and economic policy has gone too far and now the North Queensland strata unit market is the warning signal. It is a barometer of market economists and investors tracking the perfect storm hitting North Queensland strata property owners in the hip pocket.

The demand in the strata unit market in Townsville continues to feel the strain of government housing initiatives moving welfare or means-tested battlers into affordable housing schemes such as the National Rental Affordability Scheme (NRAS), defence housing moving to build and acquire more exclusive housing stock for military personal, a crack down on non compliant government funded housing tenants being pushed onto the private housing sector or distressingly into temporary shelters.

In addition, the broad base of demand from government and engineering industries have less economic support with higher unemployment figures which sits at 7.0% in Oct 2013 (ABS Labour Force Survey Data) in the North and North-west Queensland region.

Recent increases in the cost base for strata units such as higher levies driven by insurance, energy and local council charges (mostly driven by justifiable weather event and asset life cycle risks) has caused less discount affordability for owners to reduce rental prices while bearing the loss of more vacancy days at historical prices.

Townsville's rental vacancy rate for strata units stood at over 6.5% in Nov 2013 up from the record high of 5.5% in August based on Herron Todd White's Rent Roll Survey. Although many people have left the city for work, breaking their leases in the process, others have become an owner occupier while mortgage rates are at record lows. But many people are being drawn out of the rental market by the government funded NRAS.

Increasing rental prices therefore have come to a stop in 2013. In fact medium rental prices for houses have dropped by $10 per week while strata unit prices have not changed. Is this steady unit price due to strata unit holders having less timely control on cost adjustments while being impacted by increased costs to insurance, energy and government charges? The evidence seems to suggest yes!

Townsville Real Estate Blog believes the increasing cost base for strata unit owners and dwindling demand driven by unemployment and government funded schemes is creating a challenging period for Investors.

Prices in both the new and existing unit market has reduced over the past 12 months by $15k and $22k respectively. An increasing number of existing units have come onto the market for sale in the past few months suggesting more strata unit holders are exiting the market. The combined price discounting in both units and houses, the market is ripe for buyers seeking an entry point to the market with lower interest rates and capital city prices and demand increasing substantially over the past 12 months.

With approval of the Abbott Point Coal Loading facility by the Federal government and increasing tourism and construction expenditure, Townsville's residential property market cycle is set for recovery with local economists predicting a property "pulse" in 2014.

Townsville Real Estate Blog also believes 2014 should see a surge in demand with further sideways movement on prices early until existing supply thresholds are exhausted and demand again drives price increases off the back of growing capital city confidence, employment improvements and a slide in government funded residential housing initiatives. But the extent and timing of the recovery will also depend in no small part on the policy makers and global climate risk adjusters suspending their appetite for profit making in the strata unit market, which is traditionally placed at the most affordable spectrum in the property market.

Landlords need not be alarmed for the medium to long term as demand should improve driven by government and private investment confidence, capital projects such as Abbott Point, public infrastructure funding, and restructuring of government business models, returning robust economic activity to small to medium size businesses.

For North Queensland property owners, it's the policy makers and influencers driving costs to insurance, energy and government charges that pose the greatest risk to their short term wealth and lifestyle planning objectives.

For specific real estate advice, services and solutions, don't hesitate to contact the author with your comments. Real estate specialist and this Blog sponsor is www.rapidrealty.com.au

References:
Townsville in Focus Report, Nov 2013
Australian Bureau of Statistics Labour Force Survey Data

Time to Wake up and Smell the Roses Townsville Real Estate; Queen Bees are Being Born

Townsville’s Real Estate economy is on the cusp of renewal and regeneration after an extended period of hibernation, passive demand and external uncertainties, a leading independent North Queensland Real Estate Principal said.

Mr McLeod of Rapid Realty Australia and Director of McINC Investments and Consultancy said, “Consumer confidence indices have been improving over many months which suggests that lower prices and retail discounting is stirring the end consumer to feel they have more bang for buck. “This sentiment has been evolving in the non-discretionary spending sector such as accommodation and housing for many months”, Mr McLeod said.

“Leaders in our North Queensland headquarters in Townsville have reported that prospective tenants and buyers for that matter are asking to negotiate prices down more frequently and with more depth suggesting consumers have a higher expectation that prices could be discounted”, Mr McLeod said.

This is also reflected in the Melbourne Institute’s Consumer Sentiment Index which reports that sentiment has increased by 2.0% over the month to 110.5 points which is its highest level since December 2010 (111.0 points). The consumer sentiment index has increased over six of the past seven months and is up by 12.6% over the past six months.

Each component of the index except for time to buy a major household item rose over the month and only the index which measures family finances over the past 12 months is showing higher levels of pessimism than optimism. RP Data Property Pulse, 15/03/2013.

For the first time in nearly a decade, the Townsville rental vacancy rate has bounced over 3% to 3.14% in February 2013, HTW Rental Vacancy Survey, Feb 2013.

For many in the industry this is unprecedented and could typically put downward pressure on rental accommodation prices if sustained. However, Mr McLeod believes this anomaly will be short lived and should improve for investors as North Queensland, and Townsville particularly, traditionally has a seasonal movement of consumers out of accommodation in November and December and January. Accommodation is now being filled with new arrivals and streetscape changes occurring.

"The imbalance in the depth of this movement of consumers through December, January and February 2013 out of the economic zone could have been affected by delays in the State government’s placement of employees in the health, education and infrastructure-related departments, following the Campbell Newman government’s announcement late in 2012 of job cuts in this sector”, Mr McLeod said.

By contrast, the Australian Bureau of Statistics (ABS) released the January 2012 housing finance data this week. The data revealed that the number of owner occupier finance commitments fell by -1.5% over the month with non-refinance commitments falling by -1.9% and refinance commitments -0.7% lower. Year-on-year, non-refinance commitments are -0.8% lower than last January while refinance commitments have recorded a much greater -10.0% fall.

The total value of housing finance commitments rose by 2.4% over the month with investment finance commitments increasing by 4.4% and owner occupier commitments increasing by 1.3%. Year-on-year, the total value of owner occupier finance commitments has fallen by -0.5% however, investment commitments have seen a significant increase of 18.6% as reported by the ABS. The increase in investor finance compared to domestic finance is a significant measure of consumer-centric investors’ finding confidence in a more favorable property market, improving global economic data from the United States, Asia and Europe on our domestic equities markets expanding.

The Melbourne Institute Consumer Sentiment Survey identified 21.3% of respondents felt that real estate was the wisest place, down from 24.0% last quarter to invest over bank deposits, shares, paying down debt, etc. The proportion of loans to first home buyers was at its lowest ever level in Queensland (10.4%) over the month.

“The gestation period for consumer-centric investors as confident buyers has been long coming over the past four years since the housing market peeked, and with a cultural effect from consumers becoming comfortable with retail price discounting, now is the time to “wake up and smell the roses” before the Self-Managed Superannuation Fund and experienced and astute investors pick the early blossom in the Townsville real estate market”, Mr McLeod said.

So when could be the best time to pick the right property?

At a micro level it is impossible to pick the perfect day. The lead indicators are in place to act within the next 6-12 months because the number of competitive buyers with consumer-centric needs (owner-occupiers) should be in less demand. Although not the only lead indicator of owner-occupier buying behaviors, the higher rental vacancies rate over 3% in December 2012 suggests a historical correlation of lower domestic demand by owner-occupier’s could be occurring in the next 6-12 months.

We did see a contrasting behavior by owner-occupiers later in 2012 as Townsville welcomed the 3^rd Army Battalion approximately 6-12 months before as rental consumers. Demand indicators showed lower rental vacancy rate at around 2% during March and April 2012.

A sustained improvement in investor and business confidence could play out in the Townsville economy after the Federal election is held in September 2013, by which time State Government infrastructure spending, institutional, SMSF, private equity and development investor’s may also ramp up the flow of capital on the back of lower domestic interest rates and a global financial recovery.

In the meantime, a residual demand of owner-occupiers seeking to upgrade, downgrade and street change, and those economically resilient consumers with residual wealth and a growing institutional investor market should see property prices be maintained over coming months in the Townsville residential market.

Data Source:

Rapid Realty Townsville Vacant Rates Data, Feb 2013. www.rapidrealty.com.au

Australian Bureau of Statistics
Westpac and Melbourne institute Consumer Sentiment Survey
RP Date Property Pulse, February 2013
Herron Todd White Townsville Rental Vacancy Rate Survey, Feb 2013

TOWNSVILLE "HOTSPOT" FOR SMSF INVESTORS

Self-Managed Superannuation Fund (SMSF) investors have increased their enquiries and interest in Rapid Realty's new construction and "off the plan" houses and units in Townsville.

Since the property market has shown signs of a turn around and legislative changes to SMSF entities have been proposed pertaining to the discount of capital gains tax, the phone has been ringing off the hook, said Rapid Realty's Sales Representatives.

The main driver for the increased interest from SMSF is opportunistic. The positive buy status in "turnkey" and "off the plan" property, and to a less extent 2nd generation property, is finding the right time to buy.

By and large investors are finding today's conditions that tick all the boxes in terms of more upside then downside risk in the tried and true bricks and mortar of real estate.

The dream of building a retirement nest egg with less risky market conditions in terms of the:

· upside in accommodation demand and relatively low vacancy rates

· favourable lending products in fixed interest borrowings

· likely positive capital growth over the medium to long term

· cash flow performance being favourable, and

· great taxation incentives on capital gains tax

makes the Townsville housing market a "hotspot" for investors.

Aaron McLeod, Principal and Managing Director of Rapid Realty Townsville said; "SMSF Investors are seeking confidence and credible support and service in the research data, purchase and ongoing management of their property asset."

 

Mr McLeod believes semi-retired investors are worried about the financial risks off the back of the GFC and the concerns about having poor quality tenants in their superannuation nest egg investment. It is our job to disclose all the facts and build confidence for investors so they need not worry about finding and retaining quality tenants, Mr McLeod said.

With the "one-stop-shop" of services in buying, asset management and selling, Rapid Realty with its commitment to "real service, rapid results" is attracting serious investors and a loyal client base in this sector of the market, Mr McLeod said.

 

As an active member of Business Network International, Rapid Realty Townsville can assist with bono fide contacts in North Queensland that can provide further information for investors.

http://www.bni.com.au/Member_Details.asp?mem_id=168122

 

Investors are encouraged to seek independent advice from their professional team of financial planners, wealth advisors, solicitors and mortgage brokers.

Go to www.rapidrealty.com.au for more information about specific new and existing investment properties in North Queensland.