The Queensland Department of Natural Resources, Mines and Energy has just released the Valuer-General’s 2020 Property Market Movement Report. The purpose of the investigation and report is to assess land values, and is how City Council’s and Land Tax charges are calculated.
Here is a link to the whole report on the Queensland Government’s website:
Below is the excerpt relating to residential property in Brisbane:
The residential market is the most significant land use with approximately 305,000 valuations in the suburbs of Brisbane. The residential median land value increased slightly from $455,000 to $460,000. The median values of 115 suburbs did not change. There were minor increases to several inner northern suburbs including Kalinga and Wooloowin. A number of Brisbane’s outer southern suburbs reflected minor to moderate increases due to their affordability and increased competition. The new median value for Durack is $280,000. There were seven suburbs that showed slight to minor decreases. The Moreton Island townships of Bulwar, Cowan Cowan and Kooringal showed minor decreases. The land values of the low to medium density multi-unit residential markets across Brisbane have remained static. The land values of high-density sites, located in the City fringe have seen minor decreases as demand for the larger redevelopment sites has softened due to the existing supply of units. The total land value for rural residential land has increased slightly. The median land value remains at $660,000.
Everyone loves certainty.
We buy property and believe with certainty that it is going to go up in value, we believe with certainty that our property will be attractive to tenants and will be rented at the rate that we want.
Having constants in our life and in our property investment strategy is very important.
At Managed Property, we often get questions from other agents, investors, clients – how come your management fees are fixed?
The simple reason – we know what our costs are, we know how much we need to spend to provide our service, we know the margin we need to make to ensure a sustainable successful business so we can with certainty put a price on our product.
Our product is a fixed service – it should have a fixed price.
If you rent goes up or down, you still expect the same amount of inspections, email and management from your property manager!
You would not (and should not) put up with a manager saying, ‘due to the fact we get a % of your rent and your rent is going down, I am not going to do your next general inspection’.
Having a fixed cost allows you to plan ahead, work out what your yield is and make decisions about your property investment with facts.
Fixing how much each week you pay your manager to look after your property is a good way to start.
managedproperty.com.au 07 3139 1701
In the heart of New Farm is New Farm Park
Want to know what is going on at New Farm Park
Check out newfarmpark.com.au
Great information on events, weather and the history of New Farm.
Managed Property manages apartments and houses in New Farm.
From our central office in Fortitude Valley, Managed Property is well placed to manage you New Farm Investment Property.
If you are looking for a New Farm Property Manager or want to talk to someone about New Farm Real Estate or are looking to employ a New Farm Real Estate Agent, contact Managed Property today on 07 3267 1777
Managed Property is proud to announce its new Fortitude Valley office will be opening by 1 July 2014.
Conveniently located at Ballow Street, Fortitude Valley, our new Fortitude Valley office will allow us to service residential property in the following suburbs:
Fortitude Valley, Brisbane CBD, Newstead, New Farm, Bowen Hills, Kangaroo Point, South Brisbane, West End, Ascot, Clayfield, Albion, Hamilton and Teneriffe.
With flat fee full service property management for only $22 per week, Managed Property look forward to saving you money on property management.
Managed Property recently picked up a new management in Norman Park.
Our low fee of $22 a week is saving our client $20 a week on property management.
How much are you paying?
Change to Managed Property today – call now 07 3267 1777.
Another great article on realestate.com.au – click the link and check it out
Window Lock Legislation Commenced
A recent string of accidents involving children falling from windows in apartment blocks has led to changes in the National Construction Code.
Under the building code changes, as of 1 May 2013 all new apartment blocks in Australia will be required to have window locks fitted, preventing windows from opening more than 12.5cm. Under s30 of the Building Act 1975 (Qld), all new buildings, in order to be certified, must comply with the Building Code of Australia.
Read more from body corporate body SCA (Qld)’s media release.
Details of suburbs ready for the NBN are now available and you can register your property.
ASPLEY, BANYO, BRIDGEMAN DOWNS, CARSELDINE, CHERMSIDE WEST, GEEBUNG, NORTHGATE, NUDGEE, NUNDAH, ZILLMERE.
If any of your properties are in these locations please CLICK HERE NOW to register.
Time is running out to object to the latest land valuation that determines your land tax amongst other things,
Follow this link below:
Further information can be found using the following link:
Recent announcement that the REIQ has a new strategic alliance partnership with property data powerhouse RP Data.
This partnership will allow the REIQ to reach new heights of data analysis that will ultimately benefit the marketplace. Extending beyond this, plans for new joint research publications as well as educational opportunities between the REIQ and RP Data are in the works.
Great reading on www.realestate.com.au about selling your property
Click here for more
Selling or buying, there is some great information out there about how your suburb or future postcode is placed within the current market.
Click here to read more