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State Of The Nation Compiled By Kevin Lee of Smart Property Adviser

Issue # 033 April 5, 2013

170-Year-Old Villa On The Market At Willunga

Stainforth Units Set For Revamp

Built in the 1840s, this villa must be one of the oldest residential buildings in the state. The heritage-listed house is set on a 2025sq m heritage-listed block and boasts many of its original features including the kitchen with exposed beams and a dairy pantry. Named St Mary's Lodge, it also has a cellar and features including ceiling supports and slate floors. 2 April 2013. More.

Hobart’s troubled Stainforth Court public housing complex is empty ahead of a plan to spend $5 million renovating the units. The last of the 69 tenants living at Stainforth Court moved out last week and barricades have been erected at the site. Human Services Minister Cassy O'Connor said builders would start work on the refurbishment soon. 2 April 2013. More.

An End In Sight For Sluggish SA Growth? South Australia has many property forecasts predicting a dire market over the next few years, but there is enough in the project pipeline to suggest it isn’t over until the big mining companies sing. From a property investment point of view, Adelaide and South Australia as a whole have numerous factors working against them. 2 April 2013. More.

Qld Gives Investors Reasons For Hope, Caution Forecasts have the Brisbane median property price growing substantially over the next few years, but the state remains marred with investor challenges. As 2013 marches on, the Real Estate Institute of Queensland (REIQ) remains hopeful that improving market conditions that came about in the second half of 2012 will continue. 3 April 2013. More.

$7b Splurged On Melbourne, Sydney Assets Investors poured close to $7 billion into Melbourne's and Sydney's office and retail markets in the past year as they looked to increase exposure to the eastern seaboard. The assets ranged from larger shopping centres to medium-sized offices, and the funds came from a mix of domestic super funds, Australian real estate investment trusts (A-REITS) and overseas property securities investors. 3 April 2013. More

Rates On Hold, Is Property Set To Soar? On the back of rising Australian house prices some of Australia’s biggest developers have pushed into green. Dexus Property Group (DXS.AX) is an Australian company specialising in the development of office, industrial and retail properties. The company has rejoiced in the sale of its Glendale industrial property in Los Angeles for a modest price tag of $56.2 million. 2 April 2013. More

Interest Rates Remain Unchanged As widely expected, the Reserve Bank of Australia (RBA) has left the official cash rate steady at three per cent. At its monthly meeting today, the RBA Board decided against adjusting interest rates, thanks in part to a slew of vastly more optimistic economic data. The Central Bank is, however, leaving the door open for further cuts in the future. 2 April 2013. More.

New Home Sales Hit 16-Year Low In February Australia's new homes market has suffered a setback on its mooted road to recovery, with sales falling for the first time in four months. New home sales slid 5.3 per cent nationally in February, driven by sharp falls in Victoria and South Australia, according to the Housing Industry Association. 3 April 2013. More.

Dispelling The Myth Of A Suburban Oasis Welcome to Pleasantville. This is The Ponds, according to latest official statistics, Sydney's most advantaged suburb. Haven't heard of it? It is Sydney's newest and fastest-growing suburb, with a population of 2932, some 40 kilometres north-west of Sydney and near Kellyville Ridge. It beat North Wahroonga, St Ives Chase, Clontarf and other established suburbs to scoop top place in NSW in the Bureau of Statistics index released this week. 31 March 2013. More.

Granny Flats Go Glam As Approvals Soar Granny flats are invading backyards across Sydney as a low-budget start for struggling first home buyers or property investments. New figures show a 76 per cent jump in the number of granny flats approved across the state last year. The previous state government changed the law four years ago to enable 10-day approvals for secondary dwellings, with the aim of creating affordable housing. 31 March 2013. More.

The Major City Home Buyers Forget About Canberra’s property stability is proving a major strength but most investors are unlikely to take notice – and that’s the city’s tragedy. Much to the chagrin of people who live there, Canberra has developed something of a reputation as a place where, apart from politics, nothing much good or bad happens. True or not, it’s a sentiment that has found its way into the property market. 2 April 2013. More.

www.smartpropertyadviser.com.au

E: kevin@smartpropertyadviser.com.au T: (02) 9980 1311 M: 0416 083 995 Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article capture. Smart Property Adviser does not claim to be the author of any articles included within this document.


State Of The Nation Continued… Gold Coast Mansion Left Empty For 11 Years Is For Sale

Housing Market Picks Up

Many Australians struggle to pay off a mortgage, others have so much money they collect lavish mansions like trinkets. Such is the bank balance of Queensland businessman David Baird, that he has three multi -million-dolllar mansions on the Gold Coast. One has sat empty and fully furnished since it was completed 11 years ago. 3 April 2013. More.

A positive first quarter for the Tasmanian property market has real estate experts cautiously optimistic, with or without a rate change today. Real Estate Institute of Tasmania president Adrian Kelly says anecdotal evidence points to signs of improvement for the depressed local market. 2 April 2013. More.

Hotspots Sees 9 Per Cent Activity Growth An area in Victoria hotspotted in Smart Property Investment's Fast 50 report has seen a nine per cent increase in sales, according to new analysis. The growth, in homes in Mildura sold in the $100,000 - $199,999 price range, was a steady nine per cent increase since October 2011, found PRDnationwide. PRDnationwide's research analyst Angus Mc Lean said, however, that despite overall increases in activity, the appetite remains in this entry-level sector of the market making the statistics appear unfavourable. 2 April 2013. More.

Top Seller’s Markets Property buyers are logging on and looking west, according to research into the most popular markets in New South Wales by realestate.com.au. A list of the top 10 suburbs for sellers, based on the number of online views per listing, found two new entries from close to Parramatta, which continues to emerge as Sydney’s unofficial second CBD. 1 April 2013. More.

Ownership Structures: More Important Than You Think Investors should pay particular attention to the ownership structure of their property or properties as it could have a significant impact on tax, depreciation and even after death arrangements. The most common ownership structures include; individual ownership, joint ownership, ownership through a trust or Self Managed Super Funds. As explained above, each ownership structure has different tax implications and each come with their own associated risks. 1 April 2013. More.

Borrowers Rush To Lock In Rates Sydney property investors are believed to be a major influence on the rise in new borrowers choosing to fix their home loan, with almost one in three now choosing to do so. Australia's largest mortgage broker, AFG, released data this week showing that 30 per cent of all new home loans are fixed – a leap from 24 per cent in February and 16 per cent in January. This is the highest proportion of fixed-rate loans the company has seen in the 10 years it has been compiling its mortgage index. 3 April 2013. More.

Rates Have Hit The Bottom Since the Reserve Bank left the rates on hold yesterday at three per cent, experts have started to suggest that the next movement we see will be an increase. While many saw yesterday's RBA decision as disappointing, it was actually fitting, said LEDA Real Estate’s CEO, Barry Goldman. 3 April 2013. More.

Controversy Corner Abuse Royal Commission Begins Work Finally, the powerful people are her e to help. It is only the beginning of a long and traumatic process but victims and their families have tearfully embraced after waiting decades for the royal commission into responses to child sex abuse. Chrissie Foster, whose daughter died of a medication overdose after being abused by a priest, said it was a day she thought would never come. 3 April 2013. More.

If you would like to voice your opinion on any article you have read in the State Of The Nation Newsletters or elsewhere that has concerned you, please send the article and your opinion on it to us and we will include it in a future issue of the State Of The Nation. Send your opinion to kevin@smartpropertyadviser.com.au

Coming Back From Debt Resurrection is a pretty popular word at Easter. Anyone struggling with a horror mortgage or other personal debt problems may feel like the only thing that can save them from financial oblivion is a miracle. However, there are no miracles in money management. It's all about numbers, and understanding how the numbers work is the first step in resurrecting your finances. 1 April 2013. More.

Some Parting Advice “The aim of the investing game is to generate surplus income every day.”

Until Next Time… Kevin Lee www.smartpropertyadviser.com.au

E: kevin@smartpropertyadviser.com.au T: (02) 9980 1311 M: 0416 083 995 Disclaimer: This document is a compilation of recent articles published in the media. The media sources are quoted beneath their respective article capture. Smart Property Adviser does not claim to be the author of any articles included within this document.


State of the Nation Issue 33 Apr 5, 2013