Issue #2 | February | 2015
P: 07 3355 6845
F: 07 3855 9189
E: [email protected]
INVESTMENT
OPPORTUNITIES
ALLANAH WRIGHT
Property Manager
CONNECTING WITH OUR REAL ESTATE PARTNERS
AND PLANTING THE SEEDS FOR A SECURE FUTURE
DON’T LIKE LAND TAX?
INVEST IN QUEENSLAND!
The rising value of land across Australia
is causing more and more headaches for
investors, in the form of Land Tax.
2
1
1
4/10 GEARSIDE ST,
EVERTON PARK
This two bedroom lowset villa
is a beauty. Fully fenced, small
easy care yard and one car
acommodation finish the picture.
For those that aren’t up to speed on their
tax terminology, Land Tax is the tax you
pay annually based on the value of the
unimproved land (i.e. excluding whatever’s
built on it).
But there’s a silver lining in this cloud:
Queensland still has the country’s highest threshold for Land Tax exemption,
meaning you have a lot more breathing space before becoming eligible to pay.
At up to $600,000 for the land value alone, Queensland’s Land Tax exemption
cut-off is very investor-friendly, especially when compared to some of our southern
cousins.
Here’s a list of the tax-free thresholds around the country.
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2
1
Up to $25k
Up to $75k
Up to $247k
Up to $300k
Up to $316k
Up to $387k
Up to $600k
$n/a
Tasmania
Australian Capital Territory
Victoria
Western Australia
South Australia
New South Wales
Queensland
Northern Territory (no Land Tax)
73/46 MORIART Y PL,
BALD HILLS
As you can see from the above list, pretty much anyone living in Tasmania is going
to have to pay Land Tax unless they can find a plot valued at less than $25,000.
If you are looking for a solid
investment to add to your
portfolio or a first home, then
this lovely townhouse is a
MUST. You willl appreciate the
bright interiors as well as the
practical floor plan.
Victorians, especially in high-profile suburbs, are going to have trouble avoiding
Land Tax too – as are an increasing number of Sydneysiders.
FOR MORE DETAILS,
CONTACT MADELEINE:
[email protected]
0413 733 617
This is why Queensland is an attractive option to our southern brethren, and we’re
not complaining! More interest in our properties means a healthier market, which
means better property values and wider investment choices.
If you’ve been thinking about investing down south, beware of the hidden costs that
might befall you. If you want any advice or information on investing in Brisbane, get
in touch with the Madeleine Hicks Real Estate team today!
PAGE 1
WWW.MADELEINEHICKS.COM.AU
Issue #2 | February | 2015
P: 07 3355 6845
F: 07 3855 9189
E: [email protected]
EVENTS
On Sunday 8 March 2015, our
team at Madeleine Hicks Real
Estate as well as some wonderful
members of our community
will be joining 10 000 women
at South Bank in the RACQ
International Women’s Day Fun
Run in honour of women with
breast cancer.
Show your support by making a
donation to our fundraising page:
http://ow.ly/Jijju
All donations of $2 or more are
tax deductible. Thank you for
your support!
WHAT’D YOU LIKE TO HEAR MORE ABOUT?
We’ve been receiving some
encouraging feedback about our
ongoing newsletters and blogs –
thanks so much to everyone who has
commented.
We love hearing what our clients,
colleagues and friends have to say, so
if you have a request for a blog topic
or would like to make a suggestion,
feel free to get in touch with us via our
Facebook page or by phone or email.
Our customers range from single-home families to multi-property investors, so
as much as we try to keep the content broad enough to appeal to everyone,
sometimes you guys might want something more specific. So if you do, let us
know!
Thanks for reading, and we hope to see you in the office soon!
Madeleine & the Team
YOU GET A SECOND OPINION ON THE LITTLE THINGS,
WHY NOT ON YOUR HOME LOAN?
Your local Aussie Broker Paul Westcott can offer you:
•
Free appointments
•
A quick comparison- we compare hundreds of
home loans in minutes
•
A thorough review of your property goals
•
Property Investment financial advice
The Reserve Bank has just cut the official cash rate by
0.25% - now at its lowest for two generations. Speak
with Paul Westcott to discuss your borrowing capacity
before committing to any property purchase. Once you know your borrowing
capacity you can discuss whether it is best for your loan to be fixed, variable or
split. A second opinion from Aussie won’t cost you anything and it could save you
thousands.
Date: Sunday 29th March, 2015
Time: 10:00am
Where: Bisset Place Park,
McDowall
Contact Paul Westcott on 0412 752 712 or [email protected] for an
obligation free appointment today!
Free Sausage Sizzle, Face
Painting, Egg & Spoon Races,
Potato Sack Races & Parachute
Games. Find the Golden Egg &
WIN a $100 Toyworld Voucher.
PAGE 2
WWW.MADELEINEHICKS.COM.AU
Market Roundup February 2015
The Big Picture
•
•
•
Cash Rate 2.25%
Predicted Standard Variable Mortgage Rate 5.7%
Predicted Discounted Variable Mortgage Rate 4.85%
As expected, the RBA dropped the cash rate by 25 basis points to 2.25% on
the 3rd February. They decided to lower the rate in order to “foster sustainable
growth and inflation outcomes,” according to RBA governor Glenn Stevens.
The media (and the Reserve Bank, apparently) say that consumer sentiment
is still weak, including the property sector. However Brisbane doesn’t seem
to be suffering from this apparent dip in confidence as badly as our southern
neighbours.
Figures suggest affordability in Brisbane is the best it’s been since 2003, with
mortgage rates sitting at about 17-27% of average income. Borrowing and
sales volumes continue to climb, and new developments are still sprouting up
throughout the inner suburbs and city.
Established suburbs are still the pick of the bunch though, representing
far better value and security than the fast-changing inner-city market. It’ll
be interesting to see how things shift as we move into Easter and the final
financial quarter for 2014-15.
“I would recommend
Madeleine Hicks Real Estate
in an unreserved manner
for their fantastic approach
to the sale of my father’s
estate. I have been involved
in the sales of five properties
up to date and Madeleine
Hicks Real Estate is the best
professional business in
real estate that I have been
involved with.”
Ross & Family
Stay tuned!
Residential
SOLD
1 Page St, Everton Park
3
1
1
19 Walpole St, McDowall
3
2
2
$510,000
Private Treaty
12 Seberg St, McDowall
3
3
2
$583,801
Private Treaty
18 Karen St, McDowall
3
2
1
$410,000
Private Treaty
51 Niven St, Stafford Heights
3
1
2
$530,000
Private Treaty
4 Marx St, McDowall
3
2
$495,000
Private Treaty
Private Treaty
www.madeleinehicks.com.au