April 2007 Newsletter

Does this sound like a recording? Well it’s all great news. The market is still as strong as last month, and from the reports I hear, sales in March would exceed those in February. If everything remains equal we will soon see the end of house prices under $400,000, and some of the valuation companies are strong on this.

So PLEASE do not sell now. Now is a great time to be increasing your portfolio. Rates are low, equity is extremely high (so it’s easy to borrow against your existing investments) and you can still buy under $400,000 AND rents are rising AND we can’t build houses fast enough to match growth.

Gold Coast property prospectors are again set to strike it rich as the latest Midwood report shows a buying boom will hit next year.

Author and analyst Bill Morris said property prices could rise as much as 40 per cent, fuelled by population growth and a thriving state economy.

But Mr Morris said the boom would not match the record growth of 2002-03 when property prices rose more than 100% - the biggest increase since the 1851 gold rush.

"Gold Coast prices are increasing at about 5 to 6 per cent per annum, and looking to peak in about 2008-09. You can already see the signs that we’re heading into an upward cycle".

"For example, the litmus suburbs of Mermaid and Broadbeach Waters are showing real upwards movement and limited stock - they are almost always the first suburbs to show where the Coast is headed".

The Midwood report for the February 2007, quarter shows that Queensland’s economy is outpacing the country, with the state’s gross domestic product increasing at 4.75 per cent compared to Australia’s 2.6 per cent.

Population growth is also increasing steadily, at a healthy 2 per cent for the state, with the Coast counting 530,200 residents last month.

"The basic story from this report is all good news for Queensland and therefore the Gold Coast, " he said. "From housing to units to rental prices, everything is on the way up. The future has literally never looked brighter".

Source: Gold Coast Bulletin

Trevor is a pleasure to work with. He is very organised and professional. I would not hesitate in the future to use your services again both when buying or selling.

EVERYDAY PHRASES AND THEIR ORIGINS

To Get Out of Bed on the Wrong Side is a phrase we use when someone is being grumpy or bad tempered during the day. An ancient superstition suggests that evil spirits lay during the night on a particular side of the bed. It was unlucky to emerge in the morning on that side as it would mean those evil spirits and their influence would possess the body during its waking hours and this would only be put right the following dawn by not repeating the mistake. The wrong side, incidentally, is the left-hand side.

is a phrase we use when someone is being grumpy or bad tempered during the day. An ancient superstition suggests that evil spirits lay during the night on a particular side of the bed. It was unlucky to emerge in the morning on that side as it would mean those evil spirits and their influence would possess the body during its waking hours and this would only be put right the following dawn by not repeating the mistake. The wrong side, incidentally, is the left-hand side.

SOURCE: RED HERRINGS & WHITE ELEPHANTS

SOURCE: RED HERRINGS & WHITE ELEPHANTS

A group of ravens is called a murder.

A group of toads is called a knot.

A group of rhinos is called a crash.

A group of owls is called a parliament.

A group of cheetahs is called a coalition.

A group of jellyfish is called a smack.

A group of turtles is called a bale.

A group of monkeys is called a troop.