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Brisbane Property Market Forecast 20/21 Financial Year

Brisbane Property Market Valuation If you have been wondering what the next financial year holds in store for the residential property market in Brisbane, especially in light of COVID-19 and other recent developments, you are most certainly not alone. Both investors who are interested in overall price levels and individuals who are concerned about their home value have been searching for answers to this question. Whilst nobody, no matter their pedigree and experience, can predict where future market valuation levels will end up, we would like to share with you our own thoughts on what might happen over the next 12 months. Potential Brisbane Home Value Movements This Financial Year As property investment professionals with decades of experience in the local housing market, we have a keen interest and understanding of local house price movements. While we cannot guarantee that our predictions will pan out, we wish to present our

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Caboolture Rental Market

Caboolture Property Market Valuation Caboolture Rental Properties (September 2020) Caboolture continues to be the cheapest area to rent in the Moreton Bay Region with the average 4 bedroom house renting for $370 per week. Rents in Caboolture have changed marginally over the past 12 months, with 3 bedroom townhouses experiencing the biggest fall (-1.5%) and 2 bedroom townhouses having the biggest increase (+2.9%).  3 bedroom houses also experienced a small increase in rent (+1.6%) as shown in the table below. Current rental demand for this property type in this suburb Average weekly rent payable for this property type Difference in rent payable for this property type compared with 12 months ago 4 Bedroom House 43.8% $370.00 0% – 3 Bedroom House 23 .9% $320.00 1.6% 3 Bedroom Townhouse 9.2% $308.00 -1.5% 2 Bedroom Townhouse 3% $275.00 2.9% 2 Bedroom Unit 5.2% $272.00 0% – Source: realestate.com.au  |   RTA Queensland Median

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Roofing Terminology

Roofing Terminology Is a roof repair or replacement in your future? If you’re a homeowner, the answer is probably yes. Whether or not you decide on a metal roof, taking a little time to learn ‘roofing terminology’ can be especially helpful when discussing your current roof issues with a roofing contractor. It will also benefit you with the knowledge when reviewing a roofing quotation. APEX –  The points where the two slopes of the roof meet at the ridge. The tallest point of the roof. APRON FLASHING –  A one piece flashing, such as is used at the lower side of a chimney that penetrates a sloping roof. BARGE BOARD –  The board covering the roof timbers on the gable or skillion end of a roof, fixed parallel to the roof slope. BATTEN –  A batten is a piece of timber or metal channel installed horizontally on top of the rafters to allow sheet

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Tightening Property Investment Yeilds

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. Property income returns remained relatively stable, with a return of 7.2% annually, and a volatility of return of 0.5% over the same period, Atchison Consultants said. “An absolute return of between nine and 10% per annum, which was achieved historically, is unlikely over the next three to five years,” the

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What Are My Legal Rights When Renovating?

What Are My Legal Rights When Renovating? By the time clients ask this question, neighborly relations have usually hit a sorry pass. The single best way to avoid expensive disputes is to check local Council rules before you build. Disputes can also often be diffused through direct conversation or the mediation services of the Community Justice Centre. When all else fails, however, the law attempts to protect the rights of both the renovator and the neighbour in a balanced way. In legal terms, disputes tend to fall into one or more of four categories: dividing fences and boundaries; noise and pollution; land use; and nuisance. Life is rarely so tidy, however. If your neighbours claim that your new floor-to ceiling dining room windows violate their right to privacy, the dispute may involve several different issues. Fences and Boundaries Generally, adjoining land owners share the cost of building and maintaining a

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8 Signs a Suburb Is About To Surge In Value

8 Signs a Suburb Is About To Surge In Value Understanding the factors that trigger price growth helps ensure you pick a winning investment at the right time. When it comes to investing in property, capital growth is king. While income helps you hold on to your investments over the long term, it’s capital growth that will have the most impact in the end. 1. The Average Days on Market are Falling If demand exceeds supply, buyers will quickly snap up the available property, so the amount of time a property spends on the market drops, resulting in low average days on market. 2. Level of Discounting Drops If demand is on the rise, vendors are no longer compelled to offer discounts to attract buyers. 3. More properties are Being Auctioned Off Real estate agencies will often sell properties by auction when the demand for property is strong. This allows potential buyers

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