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REIA applauds bi-partisan support for negative gearing

The Real Estate Institute of Australia (REIA) has applauded both the Government and the Opposition for ruling out the abolition of negative gearing for the purpose of property investment at today’s debate at the National Press Club, Canberra.

"This is fantastic news for renters, affordable housing and real estate investors," said REIA President, Mr David Airey.

Negative gearing, for the purpose of property investment, in its current form is addressing the supply of rental accommodation and is complementary to the goals of the Housing Affordability Fund (HAF).

"The Hawke Government abolished negative gearing for property in 1985 only to have it reinstated in 1987. During that period rents increased by 57.5% in Sydney, by 38.2% in Perth and by 32.0% in Brisbane. At the same time building approvals fell by 13.8%", continued Mr Airey.

When negative gearing was reinstated, the Government noted that any tax advantages conferred by negative gearing were countered by the CGT regime when capital gains were realised.

"To amend the current negative gearing provisions for housing as some critics have suggested would be treating real estate differently to other asset classes and create a resource misallocation", he continued.

policy?" he said.

"Housing is a crucial part of the economy and is facing some major challenges, however seems to have been left off the election campaign agenda", concluded Mr Airey.

US Senate hogties the US Financial sector (Wall Street)

The United States is set to impose the most sweeping overhaul of Wall Street since the Great Depression. The new financial regulations aim to rein in the risky banking practices blamed for the global financial meltdown.

The US Senate has just passed new laws, a vast 2300 pages, by 69 to 40 votes that will prevent the financial sector (Wall Street) from future  misbehavior.

This overhaul is the largest ever change since the Great Depression and as President said "we will never let the American taxpayer have to pay for their errors again.

Goldman Sachs has been fined $US550 million for their part in affecting the Us and the World economies.

I often think why would we let other people handle our finances ? It seems so simple to invest in residential property of which we have such a big shortage, and simply don't take a risk of others mismanaging  and playing games with our money.

Want to take the SAFE route? Give me a call on 0416243649

Lot 128 Woodlands is HOT HOT HOT Property

Only $458,900 Turnkey- Let the tenants move the furniture in and start living  

Registered Land

• Large block - 640sq
• Spacious home - 212sq
• 2 living areas
• Rumpus room
• Large traditional double garage
• Under roof line outdoor entertainment area
• Estimate rental return - $390 per week and rising
• Full turn key package price - $458,900

Plus the home comes complete with:

• Legal Fees Paid
• Depreciation Schedule
• Full Turnkey Package
• Landscaping & Fencing
• Stone Kitchen Bench Tops
• Flyscreens
• Air Conditioning (Split System)
• Property Management Package including:
• - Ray White 3 year rental agreement
• - lawn and garden care (12 months)
• - landlord protection insurance (12 months)

The Woodlands Estate is located in the high growth suburb of Waterford, only 30 Minutes South of Brisbane and North of Gold Coast and will cover 137.3 Hectares.

There are numerous Schools, TAFES and Universities with-in minutes, as well as popular Shopping Centres and convenient Public Transport.

Woodlands boasts a huge range of facilities including bike and hiking trails, proposed sports oval and 6 multipurpose sports courts, including BBQs & quality basket ball courts. Each home with be only a short walk from an enormous 17 hectare environmental corridor. The local community are very proactive and hold regular events and activities including Pilates, Boxercise, Quilting and there's even a community Choir.

Interested in this one? Just give me a call on 0416 243 649 Ian Begaud

Southport bucks project trend

Beachfront property would normally be "the star of the show" in the property stakes. However, on the Gold Coast, Queensland, the up and coming business hub of Southport is really showing the way forward.

In the past year, new projects valued at $7.6 billion are on the way.In adjoining areas development spending has decreased in the same period according to Lynda Campbell, Colliers International Research .

New infrastructure such as the light rail project, new Southport Hospital etc have all contributed to this vast amount

Investors looking closely for future capital gains where they are buying residential investment property have been buying extensively in this adjacent area. 

Doctors love this new property

Generally, Doctors are an astute group.  They don't have a lot of time to spare, have large tax problems and want/need easy care investments.

This one fills the bill very well.

Two new buildings in an existing development which is already an outstanding success. To be finished in February 2011.

Position, position, position as they say try this- next to a new A$1.6 Billion hospital which will have 700 beds and a staff of 5000 people AND next to a new Private Hospital with 320 beds AND next to Griffith University which has 15,000 students and expanding to 20,000 AND the new A$1.8 Billion Light Rail  System starts outside the main entrance to the main hospital . where is it? in Southport on the Gold Coast, Queensland.

Of the 42 1 and 2 bedroom units for sale 13  have been sold to Doctors so far in only a matter of weeks since it's release.

Post graduate Doctors, students from overseas, graduate Doctors needing to live next to their Hospital, lecturers, staff all find the proximity to the new Hospitals and the University fantastic. Add in 4 swimming pools, a lavish gymnasium, sauna, walking paths through a large bushland park and opposite the Southport Sharks Australian Football Club for entertainment, meals and also only 4 kms from the business centre of Southport and the Broadwater and you can see why this development has such great appeal.