 NEWSLETTER - JULY 2008 |
Suite 815 St Kilda Towers 1 Queens Road. Melbourne Victoria 3004 Ph: 03 9863 9339 Fax: 03 9863 9338 www.markitprojects.com.au |
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  Casuarina Beach, NSW Key features why this is one of the best investments in Australia • Purchase from $320,000 and receive a HUGE 7% net return for 3 Years • This is on top of Body Corporate Fees, council and water rates and management fees. • Santai is a refreshing new resort vision that will deliver luxury apartments in a truly magnificent landscaped setting • Santai is 1 hour and 15 minutes drive from Brisbane, 10 minutes from the Gold Coast (Coolangatta) airport and 30 minutes from Byron Bay. • Located 150 Meters from the beachfront • The development intends 114 stunning one and two bedroom resort apartments, complemented by dining and bar facilities, expansive swimming pool lagoons and a residents' island-like lounge • The architecture and finishes of the common areas and the apartments will incorporate subtle Balinese themes, reinterpreted in a modern and sophisticated manner. We invite you to become an owner in the exciting Santai, Casuarina Beach. For more information please contact us on 1800 244 332 Progress Report Spring Lakes, Caroline Springs Below are some updated progress photos of the Spring Lakes development located in Caroline Springs in Victoria. As you can see things are moving quickly with settlement due for September. Please continue to check our website for progress photos. As Completion is nearing be sure to get your finance all organised. If you require any financial assistance please contact us on 03 9863 9339 for the number of our preferred Finance Company  Home Prices To Explode Author: Craig Binnie, Source: Herald Sun Thursday 3rd July 2008  The ANZ Bank says the growing housing shortage is setting Australia up for the "mother of all" housing Booms.New home building figures showing slumping building approvals have sparked fears of a price and rent explosion that will price even more prospective buyers out of the market. The ANZ's senior economist , Paul Braddick, said yesterday that Australia faced a critical and potentially chronic shortage of housing. "A growing housing shortage is setting the scene for the mother of all housing booms," Mr. Braddick said. "Demand has accelerated and rising immigration, both permanent and temporary , show no sign of abating. Meanwhile, rising interest rate continue to stymie any building recovery. "Underlying housing demand is already outstripping new supply, and the gap is set to widen sharply, driving pent-up housing demand to record levels," he said. The Australia Bureau of Statistics said yesterday new apartment approvals fell 18.2 per cent in May and were down 4.2 per cent over the past 12 months. New House approvals fell 1.2 per cent and were down 1.7 per cent over the year. In Victoria total building approvals were up 2.8 per cen. Commonwealth Securities chief equities economist Craig James said buyers had fled the property market because of high interest rates. "With population growing at the fastest rate in 18 years, we simply should be building more homes, not less," he said. "interest rate hikes have spooked investors and budding owner-occupiers. "investors are putting their money in the bank and people are staying in the rental market longer. But the situation is unsustainable." Mr. James said rents and house prices would be forced up because of the tight conditions, which would eventually attract more investors and lead to more building. "The latest slump in new dwelling approvals is clearly bad news for those renting," he said. "The supply of apartments isn't rising but the number of people wanting to rent certainly is." Victorian rents are at record highs and housing affordability is close to record lows. The Commonwealth Bank's senior economist, Michael Workman, said interest rates would need to start falling and buyers would need to believe prices were rising before they would re-entre the market. The building approval slump had cut the odds of another interest rate increase from the Reserve Bank. |
Markit Projects *Property Management*
Markit Projects has expanded into property management in Victoria.
Our clients will be offered a fully computerised system allowing landlords to log in and check if their rent has been paid and upcoming bills such as council rates, water rates or body corporate payments. Markit Projects will be offering: • Individually designed management packages • Arrears Monitoring • Superior Tenant Selection • Regular Property Inspections We are dedicated in obtaining not only the best and highest return but also ensuring that your investment is maintained to increase its capital value. In the event that your purchase is located interstate we will be happy to recommend a rental management specialist in the same area to look after your investment. For more information on any of the property management services we have to offer please contact: Chantal Andrews on 03 9863 9339. Markit Projects New Look Website Last month Makit Projects launched a new and exciting website. Featuring a totally new look the website offers potential buyers to view our properties nation wide with a click of a button. Also featured on the site are Stamp Duty and loan calculators. For those of you who have purchased through Markit Projects be sure to keep checking our site for progress photos of your development. Our site will be updated regularly with new developments and media releases so be sure to keep coming back and checking it out from time to time. for further information on any of our properties please contact 1800 244 332 Enjoy the new Website! www.markitprojects.com.au | |
Our aim is to find great property investments for clients and provide a great service in doing so. We hope we have matched both these criteria's and if you know of a friend or relative looking at investing or wanting to know more about property investments please let us know and we will contact them.  Suite 815, St Kilda Towers, 1 Queens Rd, Melbourne VIC 3004 PH: 03 9863 9339 Fax: 03 9863 9338 www.markitprojects.com.au |
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