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Job creation hub announcement set to improve local economy


REIQ’s latest Market Monitor report suggests that the Brisbane local government area (LGA) median house price has pushed to a new high of $615,000 with consistent growth continuing in the region. The Queensland (QLD) capital city has clearly defied any predictions that it will follow Sydney’s market ‘slump’ a significant positive for investors eyeing off bargains in the Sunshine state. The only issue that seems to be lingering in the area is the high rate of unemployment which has a hefty impact on the local economy. In light of this, a number of local councils are implementing initiatives that will diversify their region’s economy in an effort to create new industries and new jobs. Just yesterday Lord Mayor Graham Quirk announced that Brisbane CBD will now be home to a new $5 million dollar innovation hub, dubbed “The Capital”, which will help create hundreds of new jobs and help Brisbane’s start-up community.     ...


The Importance of Good Photography when getting your Property Rented


When it comes to getting your property rented, Affinity Property Australia know what does and does not work for the modern customer.  In our experience, the most important thing that you can do for your property is have professional photographs taken.  Why? 1. Today’s customer is extremely visual Each prospective renter is spending hours sifting through photos of hundreds of properties on multiple websites.  There are specific things they are looking for namely whether or not it is aesthetically pleasing to them, whether they could see themselves living there and how much effort the renter put into advertising. 2. Your property will be rented much faster Studies show that 9 out of 10 customers are looking for their rental property exclusively online and when they find something they like, they will take action exceptionally fast.  On average, rental listings with professional photographs have the best chance of being leased in their first week and on av...


October First Home Buyers Seminar


 Watch our newest video here:     We at Affinity Property Australia love to pass industry information on to the younger generation so that they can make informed decisions when it comes to entering the property market.  This is why we are committed to hosting regular first home buyer seminars and investor seminars.     We recently hosted our First Home Buyers Seminar on the 20th of October at the North Lakes Golf Resort.  This was a great success and we look forward to hosting many more in the future.  Thank-you to everyone who came to this event, it was great speaking to you all and learning about all of your property needs.     Our expert panel on the night consisted of our Managing Director, Sean McCreanor, Amanda Pearce (Affinity Property Sales Manager) and Veronika Sebesta (Park First Home Loans).  For those of you who could not attend the seminar here is a brief overview of what we looked at on the night:   ...


Brisbane takes the cake as the country's best performing capital city


In the latest CoreLogic RP Data Home Value Index report, Brisbane has seen a substantial rise of 1.3 per cent.   The figures show that Brisbane has also increased to the third best performing capital city, with dwelling values increasing by 6.3 per cent, meaning Brisbane owners are around $18,560 better off.     While it’s pricing has increased steadily Brisbane is still among the three most affordable median dwelling prices of all the capitals at $475,000, with Adelaide and Hobart just slightly cheaper again.   In another shock result Sydney became the country’s weakest performer falling backwards by -2.3 per cent.   As well as this strong Brisbane market, late December last year Brisbane also took out the foreign investment strategy award.   Brisbane topped the list of Asia-Pacific cities contending for foreign investment opportunities.   As the silent achiever of the bunch, Brisbane beat Hong Kong, Tokyo and its Au...


Tightening Property Investment Yeilds


The “golden years” of high returns from property investment may be over as yields begin to tighten, according to a recent survey of property fund managers by Atchison Consultants for the Property Funds Association (PFA). Save one year, the Australian property market has generated a return of 9% to 10% annually since 1997. Atchison Consultants, which surveyed 27 fund managers and the 66 unlisted property funds they manage, found that returns turned negative for these funds in 2009. Volatility of returns was attributed to the capital return component, which has fluctuated between -12.4% and +11.8% annually.    


Giant Turbines Arrive for Queensland's Largest Renewable Energy Project


Ratch Australia Corporation’s newest sustainable energy project, Mount Emerald Wind Farm, is taking shape as the critical ingredient made it safely into the Port of Cairns this week. Powerful wind turbines were unloaded and ready to be transported to the Tablelands. Each blade weighed in at 16 tonnes and measured 57 metres. Acting Premier and Treasurer Curtis Pitt said the wind turbine blades are part of an estimated 185,000 revenue tonnes of cargo to be delivered over the life of the project. “The Mount Emerald Wind Farm project will see the creation of around 150 jobs during the construction phase and represents a significant boost to our local economy, especially for the contractors, suppliers, transport, and logistics companies involved.” The wind farm was proposed to feature up to 75 turbines, but after vigorous community consultation only 53 will be constructed, despite there being approval for 63 turbines. ...

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