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.

RBA CUTS INTEREST RATES: TOWNSVILLE LOCAL PERSPECTIVE

The Reserve Bank of Australia (RBA) has cut the official interest rate by .25 percent to 3.00 percent today bringing welcome news to home buyers and home owners.

The real estate sector, housing industry and property investors alike have anticipated a drop in the cash rate as the economy adjusts to increased prices in products and services impacting the property industry as a whole and moderate growth in revenues.

Townsville’s economy has a broad base of industry and government; defense, mining, engineering and agriculture which has supported modest growth in rental accommodation prices driven by increased holding costs and the injection of the 3^rd army battalion to the City early in 2012. Vacancy rates that were published by Herron Todd White in October 2012 have shown an increase in vacancy rates to over 2 percent.

Rapid Realty’s monitoring of prices and volumes suggests that housing prices have been steady across North Queensland with volatile fluctuations from street to street. Similar or slightly lower transaction volumes have occurred in 2012 compared to 2011.

The combination of higher vacancy rates in the rental market, which may reach 3 percent by 2013, together with very affordable house prices that many commentators are saying is bottoming, means that we may have arrived at the most favourable buying conditions for investors in the current property market cycle.

Positive economic news out of Asia and the recovery of USA housing prices and volumes could stimulate more positive news from global markets, and stem the tide of negativity that has dogged markets in our region since the start of the Global Financial Crisis (GFC).

 

State budget corrections and the emerging "policy cliff in Canberra" where the federal government is seemingly persisting with a budget surplus is further risk to the confidence factor in property markets.

 

North Queensland is not insulated from these macro-economic factors by all means, but the local economy has demonstrated positive resilience in the past.

The RBA decision today to reduce the cash rate is further incentive for buyers and investors to enter or expand their exposure to the property market in North Queensland.

 

Trusting the banks to pass on the full .25 percentage point reduction is an uncertain instrument in the current global financial economy for which the RBA or government policy must acknowledge and treat to assist in the recovery of the property markets in the North Queensland.

For more research or to share your own comments about the RBA decision and property in North Queensland, visit one of our discussion forums at:

www.rapidrealty.com.au

http://townsvillerealestate.blogspot.com.au/

http://www.facebook.com/pages/Rapid-Realty-Townsville/122486097777277

Rapid Realty Townsville

Townsville City Councillors Better off Providing Discounts to First Generation Developers

Townsville City Council would serve their community better and leverage rate payer funds more effectively by redirecting money being offered to a City Cinema Developer (see Townsville Bulletin article below) to small and medium size developers because it is more likely a greater short and long term economic benefit would be achieved for the City.

Local Property Investment Consultant and Real Estate Principal, Aaron McLeod said; "Council need to think seriously about turning on small and medium size investors again to the City".

Many small subdivisions and strata developments that were approved before the new Integrated Planning Act was introduced were established by local North Queensland families. This type of small development is now cost prohibitive to local investors. Council has the opportunity to stimulate this market with some initial relief from ridiculous planning and administration costs, Mr McLeod said.

Instead of bowing to large developer’s appealing for reduced planning costs in the City centre where an incentives program already applies of up to 50% on infrastructure charges, the Planning and Development Committee members should seriously question if they are really serving the community interests.

Small to medium size investors have by and large turned off Townsville because of the exorbitant planning costs imposed by State Government and Council red tap to complete suburban subdivisions and community-hub facilities such as local medical practices, corner stores, butchers, bakers and restaurants.

Even the privacy protection legislation is making it more difficult for small investors and developers to simply research investment opportunities in the City, causing many to throw their hands in the air and give up or redirect their attention interstate or overseas.

Just as one example, a local investor and medical practitioner wanted to set up a small psychology practice from an existing residential dwelling, which is located next door to a hotel and across a main road from an existing set of shops neighbouring industrial sheds in a well-established community, and Council planning provided absolutely no encouragement. Not only the investor but the prospective Seller of the residential dwelling is bewildered and frustrated with the system.

These small developments provide direct economic stimulus with construction and operational jobs, but most importantly, it stimulates broader investor confidence and therefore more investor demand for property in the City.

It seems our esteemed Councillors are happy to network and lobby with large corporations in the CBD to facilitate favourable financial outcomes for big business, but they are ignorant to the frustrations and call for help from the network of small to medium size investors local to North Queensland, and the prospective sellers that increasingly under enormous pressure from their banks to sell their properties, simply wanting urgent respite from the intolerable planning and administration fees and charges.

References:

Townsville Bulletin - http://www.townsvillebulletin.com.au/article/2012/11/28/371020_news.html
Rapid Realty Townsville - www.rapidrealty.com.au
MCINC Investments and Consultancy

Rapid Realty Townsville Praised by Vendors and Landlords

Rapid Realty Townsville Team, August 2012

Townsville based and nationally trademarked real estate agency, Rapid Realty Pty Ltd is receiving increasing acknowledgement from Landlords and Vendors for "prompt and cheerful" service.

The locally established agency since 2007 is exceeding expectations in their sales and property management business.

Unlike the USA and New York based Rapid Realty, Rapid Realty Townsville is Australian owned and managed by its Australian founder.

"Receiving praise from our valued clients is invaluable and testament to the level of satisfaction being experienced in our sales and property management business"; Aaron McLeod, Rapid Realty Founder and Principal Director said.

"We have been working hard for five years nurturing our clients and their properties and developing our technology, processes and people to continually improve our services. We pride ourselves on delivering 'real service, rapid results' and, to receive praise for what we love doing is a humble experience.” Mr McLeod said.

A Rapid Realty Landlord from Cairns said; "Rapid Realty has managed two of the properties in our portfolio for several years now. The thing that differentiates Aaron and his staff is that they really do deliver. They do what they say they will do, and they do it promptly and cheerfully. They are by far the best agents we have dealt with. They spend the time on your property, including when the going gets tough. They communicate well and give us a sense that they are a genuine 'partner' in our wealth creation endeavours. What more could investors want. Thanks Aaron."

Another Rapid Realty Vendor from the Sunshine Coast said; “We were a little unsure if this was the correct way to go as there were other agents very willing to sell the property also. However, you asked for the opportunity to sell Mum’s property for two months to see how it went and even after explaining to us that December– January would be fairly quiet trading you affected the sale promptly. Aaron at all times you were courteous and polite and were very helpful to our Mum during the time that it took to complete the transaction. We wish you all the best with Rapid Realty and would have no hesitation in recommending you and your business to anyone in the future”.

Rapid Realty Townsville was foundered by Aaron McLeod in December 2007 in Townsville, North Queensland. On the 7^th December 2012, Rapid Realty will celebrate their 5^th Birthday at their Boundary Street office.

 

Source: www.rapidrealty.com.au

Government Sponsored Development "The Village" Attracting Robust Investor Interest



"The Village" Development Stage 1 - Idalia Townsville

Rapid Realty Townsville is receiving an increasing number of enquiries from local, state and interstate investors wanting local expert direction, price comparisons and property management quotes on house and land packages in the new "The Village - Where the river meets city living" development.

Rapid Realty Townsville Principal and National Director, Aaron McLeod said; "Investors are seeking reliable, independent and trustworthy information from a local real estate expert as they sum up the ROI opportunities.

 

"The Village" development adjacent to Ross River at Idalia is a new Government Sponsored Urban Land Development Authority (ULDA) initiative only 1 kilometre from Rapid Realty Townsville's office.

 

For more information, appraisals and property management quotes, go to www.rapidrealty.com.au

Rapid Realty Townsville Welcomes Locally Born Business Development Manager

 

Rapid Realty Townsville welcomes the appointment of  Tracey Walsh as Business Development Manager - Rentals.

Tracey is a career Property Manager with several years experience in the rental market. She has recently joined Rapid Realty as a Business Development Manager.

Her personal goal is to be a part of a team who are known as Townsville’s most professional, reliable and leading Real Estate Agency. She prides herself on her ability to provide comprehensive, reliable and outstanding service.

Tracey is a born and bred Townsville local and knows the city and surrounding areas like the back of her hand. Her success in real estate has been built from hard work, understanding clients’ requirements and a great local knowledge.

Tracey has a large network of clients gained through her vast knowledge of the property market and ensures all new and existing clients receive up to date information about the current real estate market.

Tracey brings with her an impeccable sense of service excellence and communication skills gained from her previous experience in the real estate industry and management positions.
www.rapidrealty.com.au

BOOM PRICES GONE FOREVER: GAIL KELLY, WESTPAC

Mal Charlwood

The head of Westpac, Gail Kelly, stated this week that property sellers who are waiting for the return of the “ price boom” days are going to be disappointed.

She said those heady days are gone forever as banks don’t allow the extravagant borrowing amounts like they did a year or so back.

People who want to sell their properties must be aware that the market has changed forever and comes to terms with today’s prices... even if you bought in the height of the price hike...

References:

Radio Real Estate Triple T 103.9 FM (Sat: 9am)

http://www.townsvillebulletin.com.au/article/2012/06/23/340911_real_estate.html

realestatetalkback@gmail.com

Majors Creek School Sells to Private Buyer

Majors Creek School was sold to a private buyer yesterday with an unconditional contract for the asking price of $264,000 from Education Queensland.

Locally founded real estate agency, Rapid Realty Townsville won the tender and was appointed by Education Queensland to auction the property on 21st April 2012.

The auction was held onsite at Majors Creek School, 45 minutes west of Townsville, last weekend and attracted seven registered bidders and over twenty guests, a few of which demostrated their opposition to the sale.

Retiring Mayor Les Tyrell said to the Townsville Bulletin (19th April 2012); "I would call upon the education department to rethink their tactics and withdraw it from the market, and arrange to transfer it to a community organisation, whether that be through the council or not - we can sort that out later."

Rapid Realty Townsville's Auctioneer Mal Charlwood said; "three active bidders on the day of auction pushed the final bid to $221,000, at which price the property was passed in for not reaching the reserve."

It is understod the successful buyer intends to utilise the three main buildings, tennis court, cricket pitch on 3 acres as their private family home and place of residence, Mr McLeod, Principal Rapid Realty Townsville said.

Dispite some local protests from a few local residence, the 77 year old school will now be used for private purposes.

References:

http://www.townsvillebulletin.com.au/article/2012/04/12/321881_news.html

http://www.townsvillebulletin.com.au/article/2012/04/19/323991_news.html
www.rapidrealty.com.au

Green Light on Auction of Majors Creek School

Rapid Realty Townsville has the green light from Education Queensland to sell Majors Creek School under the Auctioneers hammer tommorrow (Saturday) at 2.30pm despite some determined opposition from local residents and Townsville's Major Les Tyrell pleading with the State to gift the school to the community.

Mayor Les Tyrell said to the Townsville Bulletin (19th April 2012); "I would call upon the education department to rethink their tactics and withdraw it from the market, and arrange to transfer it to a community organisation, whether that be through the council or not - we can sort that out later."

Rapid Realty Townsville Principal Mr McLeod said; "Local Townsville residents and groups have a unique opportunity to buy the 77 year old school buildings in fair condition on 3 acres, two titles, tennis courts, water tanks and fencing only 45 klm from Townsville City and within the shadows of Mount Elliott and Bowling Green Bay National Park".

Mr McLeod also said; "This type of government asset does not come onto the buying market very often, and even less so in the future because once they are sold to a private interest they rarely return to public hands".

"Residents and interested buyers can view the property for 1 hour at open for inspection immediately before the auction for the final time before it is sold to the highest bidder", Mal Charlwood, Rapid Realty Townsville's Auctioneer said.

Interested buyers should contact Rapid Realty Townsville (www.rapidrealty.com.au) now to register their interest in the auction and be prepared with their bank cheque deposit and signing of the unconditional contract on the fall of the Auctioneer's hammer.

References:

http://www.townsvillebulletin.com.au/article/2012/04/12/321881_news.html

http://www.townsvillebulletin.com.au/article/2012/04/19/323991_news.html

SOUTH TOWNSVILLE BUYING BONANZA ON EVE OF MARINA DEVELOPMENT

South Townsville's popular Sixth and Seventh Avenues is set to experience a buying bonanza next month as five properties within the precinct of the new South Townsville Village Residental and Marina Development goes under the hammer at auction on 28th April or sold beforehand.

The South Townsville Village Residential and Marina "development would take place on land left vacant by relocation of the marine industries, which presently occupy the site, to the Marine Industries and Boating Facilities Precinct."

"Relocation of these marine industries would become necessary when their ocean access was locked by the Eastern Access Corridor bridge (which is likely to have a low navigational clearance). The concept envisages small lot residential development with emphasis on ready access to the marine environment and to Townsville’s central area." (http://www.deedi.qld.gov.au)

The Sixth, Seventh and Boundary Street properties presents an amazing opportunity for investors and home buyers wanting to establish a property foothold in Townsville's only bayside, riverside and island suburb in which significant capital is being invested by government and commercial enterprises to enhence residental living so close the Townsville City heart.

The strategic location of these properties so close to hotels, resturants, transport, city and port facilities including new cruise ship terminal, Reid Park's V8 Supercar track, cultural precinct and Civic Theatre, schools and shops shines brightly as a beckon to astute buyers in North Queensland, Rapid Realty's Principal Aaron McLeod said.

Detailed information about each property is available on Rapid Realty's website (www.rapidrealty.com.au), South Townsville's only locally run and operated agency.

Rapid Realty Principal, Aaron McLeod

MEDIA RELEASE: TOWNSVILLE REAL ESTATE MARKET BUOYED BY INTEREST RATE DROP

Townsville buyers have expressed record registrations for today’s Auction Extravaganza at Condon as the Reserve Bank of Australia announced a .25 percentage drop in interest rates. “Townsville’s property market is showing clear signs that buyers are returning to the bidders circle”, Rapid Realty Townsville Principal Director Mr McLeod said. “The perception of buyers is the market has reached the bottom of the property cycle”, Mr McLeod said.

Townsville auction clearance rates have been languishing below 50% but increasing enquiries, offers and pre-auction registrations are clear signals that buyers are expressing a more confident mindset. With further interest rate easing expected by the RBA over the coming reporting period in addition to the .25 percentage points drop on Melbourne Cup Day, it is an anticipated more buyers will return to the more stable property market. This return of property market confidence could be influenced by the equity markets continuing to behave with inconsistent uncertainty and US and Europe financial markets continue to show signs of imploding.

Radio Talkback Host and Rapid Realty Townsville’s Auctioneer, Mal Charlwood said; the “Auction Extravaganza will have a festive atmosphere with high pre-auction registrations and cashed up buyers are excited about winning a successful bid under the hammer”.

Today’s Auction Extravaganza at Condon includes a fund raising event for the Queensland Cancer Council with prizes being offered by Townsville building contractors, mortgage lenders, wealth advisors and real estate professionals. The pre-auction activities kick off at 3.00pm and the main auction of the 4 bedroom house on large block of land at 39 Teal Street Condon will start at 4pm.

For more information or enquiries please ph 4771 3600

Grand 6 Bedroom Home with Pool

This grand 6 bedroom 2 level Queenslander is located conveniently to schools and shops in Mysterton only 5 minutes to the City.

Situated directly opposite childcare and church, this unquie home would be suitable for an academic or professional family. This gorgeous property is fit for a queen featuring:

Upstairs
* Large master bedroom with en-suite and walk through robe
* Sewing room/change room
* 4 guest bedrooms with built-in robes all air-conditioned
* Main guest bathroom with spa bath
* Front breezy deck and splayed staircase
* High cathedral ceilings and designer architraves

Downstairs
* Large 2nd bedroom with spa en-suite and built in robe
* Large open plan kitchen, dining and lounge opening to swimming pool
* Library/waiting/study room
* Study nook and book repository
* 3rd shower and toilet
* Large internal laundry
* Split system air-conditioning
* Polished timber floors throughout
* Internal polished timber stairwell
* In-ground swimming pool
* Entertainment area and patio
* Large yard and established gardens
* Double lockup sheds
* Carport accommodation for 4 vehicles
* Fully fenced

With such an abundance of lifestyle features so close to shops, schools and transport, this grand lady of Queenslanders is treasured asset in the Mysterton area of Townsville.

FISHERMAN’S RETREAT BEACH HOUSE

Make and Offer to Purchase - Situated only 45 klm to the heart of Townsville City and a short stroll to the beach and waterfront, this tidy, clean and cool 2 bedroom beach house is located in a quiet and friendly fishing village only 400 metes to the water.

As a priceless lifestyle opportunity, the vendor is not able to decide on a suitable price and was wondering if a serious buyer could get the discussion started with an offer.

Positioned on a slightly elevated block, this property could be an excellent lifestyle for the adventurous traveller seeking peaceful retirement or an urban professional looking for a great weekend getaway for the kids and family to enjoy on the door step to the seaside fishing and boating playground.

When you are tired and exhausted from the beach and water, you can return to your own comfortable home and relax on your breezy front veranda with BBQ and coldie or lay back in the air-conditioned living room for a good night’s rest.

With a generous size block, you have plenty of room to grow your own tropical fruit just like the massive paw paws ripening and ready to eat as we speak.

The dwelling itself is serviced by town water, bitumen road and electricity and is constructed from steel with 2 bedrooms, open plan kitchen, dining and lounge with bathroom.

Fulfil your dream today and contact your friendly agent Aaron for more information on 0414 590 110. A Sustainability Declaration is available upon request.
www.rapidrealty.com.au

For Sale - Fresh Renovated 2 Bedroom Unit

3/90 DEARNESS STREET GARBUTT - Auction Sat 29-Oct-2011 4pm
This freshly renovated ground floor unit is located only minutes to the Strand, City and Airport, close to shops, schools and parks. With such convenience to everything, owning your own tidy and spacious unit is an excellent achievement for the first home buyer and lifestyle investor.

The lovely property features:

* 2 bedrooms with built-in wardrobes
* New kitchen and appliances
* New floor coverings throughout (tiled living areas)
* Tasmanian Oak feature wall
* New split system air-conditioning to living and ACs in the bedrooms
* Private courtyard with shade cover and lawn
* New bathroom and toilet fittings
* Lock up garage with secure internal access
* Internal storeroom and laundry
* Convenient guest parking

This contemporary design home would be suitable for the professional person or couple or fly in fly out worker.

Contact your local agent Aaron on 0414 590 110 for a viewing today.

Offers will be considered before Auction.

MEDIA RELEASE: RADIO REAL ESTATE HITS THE AIR IN TOWNSVILLE

MEDIA RELEASE: RADIO REAL ESTATE HITS THE AIR
Radio Real Estate went to air today on Townsville Radio 103.9 Four Triple T . Mal Charlwood, who is a Licensed Real Estate Agent and Auctioneer, has commenced a live talk back show to allow the listeners to phone in and ask questions regarding all aspects of buying and selling real estate.

Mal said “ the show aims to separate the facts from the myths about buying and selling real estate”.

The educational forum is softened with some humorous reflection by Mal of his experiences in the world of listing and selling real estate over the past 40 years.

Anyone who might have any interest in real estate should not miss this informative and free community service.

The first show this morning was well received with the phone running hot even after Radio Real Estate had finished.

Four Triple T radio station compare Clive Simpson said; “We believed that the show would be successful but the response was overwhelming”.

The show will air every Saturday morning straight after the News at 9.00am.

Contact Mal (pictured) at www.rapidrealty.com.au

MEDIA RELEASE: BLIGH PULLING WOOL OVER FIRST HOME BUYERS

The State Government while assisting the ailing building industry to recover from partly self-inflicted poor economic and political conditions, Premier Bligh and Treasurer Frazer is pulling the wool over the eyes of First Home Buyers.

Despite the seemingly generous increase in first home buyer grants and concessions in the new building market, first home buyers should be aware of higher building costs and steady market price conditions that may cause an unfavourable net saving to the buyers over buying existing homes.

Rapid Realty Townsville’s Principal, Aaron McLeod is encouraging first timers to carry out proper due diligence before buying property and consult with their solicitor, finance broker, accountant and real estate professional.

New homes purchased 2-3 years ago being sold again today as existing homes are fetching discounts of up to 10-15% while the general market has seen a more modest easing in median prices.

Existing housing sellers, landlords and buyers will be worse off under the State Budget 2011-2012 announcements, while the new building sector should experience increasing enquiries and sales due to these changes.

It is true however that Townsville’s First Home Buyers have exercised resurgence to the property market since the Queensland Government announced changes to first home buyer grants and transfer concession rates in the State Budget 2011-2012.

Housing finance data released last week by the Australian Bureau of Statistics (ABS) for May 2011 shows that as a proportion of all owner occupier finance commitments, first home buyers accounted for just 15.4% of the market.

During the month of May there was a 17.2% increase in new home loan commitments by first home buyers across the Country from the previous month (RP Data Property Pulse, July 2011)

Rapid Realty Townsville Principal, Aaron McLeod said; "Like the increases in national statistics, first home buyer enquiries in Townsville have increased since the grants and concession rates were announced in the State Budget 2011-2012.

These changes take affect from the 1st August 2011 and are designed to encourage first home buyers into building a new home. Both the building first home buyer grant and concession rates will improve while concession rates for the first home (non building) grant will be abolished and transfer duty concessions will increase.

The Federal Government's $7,000 first home buyer grant will be available for both new building and existing new home buyers.

This is another strong case for "buyer beware".

Townsville Real Estate Blog
www.rapidrealty.com.au

REAL ESTATE BUYERS STIMULATED BY RATES

MEDIA RELEASE

The Australian Economics Weekly published last Friday by the ANZ Bank reports that the RBA is not expected to raise interest rates before early 2012 due to slowing growth in the economy, particularly jobs growth. In fact a possible interest rate fall has been factored in by the markets.

Rapid Realty welcomes the forecast reduction in interest rates. It stimulates buyer enquiry in the property market. A sustained reduction in the cash rate could see broader buying activity as households adjust their financial risk appetite and adopt a more confident outlook. Buyers should keep an eye on the interest rate scenario to detect a trend indicator for the inevitable return of positive growth in property demand.

With a predicted rebound in economic growth in 2012 of 3.3% from the current growth pattern of 0.9%, Townsville's Real Estate buyers and investors may have 6-12 month window to make their property investment decisions if maximising capital growth opportunities is the investment driver for buyers.

To stay in touch with the Townsville Property Market, contact one of our licensed agents at www.rapidrealty.com.au

WILLOWBANK 4 BEDROOM FAMILY HOME

31 GUILFOYLE CIRCUIT KIRWAN

Located within walking distance to the Willows Golf Club, 5 minutes to Willows Shopping precinct and Dairy Farmers Stadium, living in peaceful enjoyment within a modern community development in your own beautifully presented home is more then a dream when you see this 4 bedroom home for yourself.

Whether you are a true home buyer or astute investor, this property has lots to offer a growing family with:

* 4 bedrooms all air-conditioned
* Large en-suite bathroom to master bedroom and walk in robe
* Built-in robes to guest bedrooms
* Cathedral ceilings with split air-conditioned to living
* Modern kitchen with large corner panty
* Tiled floors throughout
* Tiled entertainer patio off kitchen and living areas
* Remote double lock up garage
* Security screens
* Side vehicle access
* Room for a shed
* Walk to golf course, parks and bus service

Currently tenanted on fixed term til August 2011. Contact Aaron on 0414 590 110 for a viewing today.

A sustainability declaration is available upon request.

Potential Unit Development Site - Large Block with 3 Bedroom Colonial Style House

190 BOUNDARY STREET RAILWAY ESTATE - AUCTION ON SITE 6TH AUGUST 2011 4PM

Located within 5 minutes to the proposed Cruise Ship development, City, restaurants and cafes on Palmer Street, shops and schools, this large mixed residential zoned block offers an excellent investment and multiple unit development opportunity.

The property includes a 3 bedroom colonial cottage house featuring:

• Large homestead veranda
• Polished timber floors
• Renovated kitchen and bathroom
• New carpet in bedrooms
• Fresh paint throughout
• Air-conditioning to main bedroom
• Internal laundry
• 2 car carport
• Fully fenced
• Established gardens

The property is currently tenanted til October 2011 yielding a gross return of $18,200 PA.

Contact Aaron on 0414 590 110 to arrange an inspection.

A sustainability declaration is available upon request.