亚太骑士翻山越野，挑战极限！亚太集团慷慨资助Operation Flinders $25,000!
亚太集团阿德莱德分公司总经理Damon Nagel表示：“我们非常骄傲Julian和Mike通过他们的努力完成了Epic 自行车挑战赛，帮助Operation Flinders募集善款。同时，我们很高兴能帮助这样一个非盈利组织，为澳大利亚的年轻人带来积极的影响。亚太集团的使命是帮助人们享受更好的生活和拥有更安全的未来，这与Operation Flinders帮助人们取得成功，实现人生目标的使命是一致的，我们有共同的核心价值观。”
这个挑战赛培养了所有参赛者之间的友爱精神，特别是在第四天，穿越丘陵向Blinman进发的时候，其中一个参赛者在得到大家的帮助后顺利上坡并最终成功翻越山顶。与此同时，参赛者也有机会看到许多青少年在他们的帮助下参加了为期八天的Operation Flinders计划。其它的亮点还包括第二天澳大利亚板球手Wayne ‘Flipper’ Philips的参与。
最后，Epic Impact自行车挑战赛的参赛选手一共为Operation Flinders筹集到超过110,000澳元的善款。
除了赞助Operation Flinders之外，亚太集团还是冲浪救生基金会和Sir Roden & Lady Cutler 基金会的赞助商。
北部大都会会员 Jenny Mikakos表示：“Docklands小学将会是一个令人期待的学校，它为当地家庭提供一流的教育设施，并将推动已经是繁荣的内城社区成为更具现代化和吸引力的城区。
随着今年年初墨尔本的第一所空中学校的开放，这种类型的设计会继续朝着创新的内城学校的方向发展。高档私立学校Haileybury学院于2017年1月利用西墨尔本的一栋10层的办公大楼开设了其CBD校区。这里可以容纳800名学生从ELC (早期学习中心/幼儿园) 到12年级。学校占地面积13000平方米，拥有城市360度景观。为了解决在高层环境下对室外空间的需求，校园设计提供1500平米的户外活动空间，让孩子们可以在三个露台中穿梭。
更多空中学校计划在Prahran和Richmond区域建立，在南墨尔本，一所获奖的空中学校设计已经在建设中了。南墨尔本小学The Ferrars Street 将会是维多利亚州第一所空中政府学校，可以容纳超过500名学生。在去年的柏林世界建筑奖颁奖典礼上，该学校的设计获得了年度最佳未来项目奖。
您知道Ipswich创下了昆士兰州房价最高增幅吗？ 惊讶吧？ 给您说说。
这对夫妇定居在Booval French Street上一栋舒适的昆士兰建筑风格的房子里。这栋房子价值30万澳元，他们在心里萌生了“大计划”要好好装修自己的家。
Ray White Bundamba的Luke Buckel表示不仅是房价的原因使布里斯班的买家转移到Ipswich。
“你可以在这里找到价值56.9万澳元的华丽老房子，像Ipswich的8 Thorn Street，如果把它搬到更靠近Paddington的地方，你就会支付大约150万澳币。这一点是不容忽视的。”
房产新政动了谁的奶酪？ —— 全面解读维州房产变化及影响
要说我们澳洲的税务局办事态度就是严谨，在网站上，它明确表明了这些列举出的新政策在执行之前，还需要通过维州议会的批准，一些具体细节很有可能要等今年六月立法通过后才会公布，因此目前只是一个大的方向和概要。不过，你也应该懂的，这基本只是走个流程，如果你还期待六月立法通过这些政策会有什么神转折，那就是too young too simple了。
新政：7月1日起，维州新房印花税减免政策只适用于购买自住房（Principal Place of Residence）的人群，购买投资房，度假屋以及商业房产将不再享受印花税减免。
旧政：在维州购买新房off the plan的自住或者投资者均可享受印花税减免政策。
我们举一个例子来说明新政前后对于投资者的影响。假设一名投资者在7月1日前购买了一套价值62万澳元的期房，按照目前的政策，这套房产的印花税大约是4, 370澳元，而如果在7月1日以后，同样价格房产的印花税则是32, 270澳元，两者相差27,900澳元。因此，对于有意投资维州房产的人士来说，从目前到6月30日的两个多月时间，是享受印花税优惠，进入市场的最后窗口。
COMO The Treasury 被评为澳洲最好酒店有感
去年九月份的时候，我去参加WA Club的一个午餐会，看到我们正在做的Stirling Cross项目的开发商老板Adrian Fini也在同一张桌上。会议结束后我正往回走，Adrian Fini从后面赶上来：”Helen，你有没有20分钟？”
“什么？” 我反应过来，说：”哦，我只有10分钟，后面还有个会… “
转眼功夫已经到了一栋St. George Tce中心的古老建筑面前，我记得这里应该是珀斯财政局的旧址，非常有历史的文物建筑，砖墙外形坚固又古典。
这时候Adrian开口说：”看，这是我在做的酒店，马上就完工了！ 今天我特别带你们进去看！ “
”看，Helen, 这里的每一样东西都是从意大利买的…这些家具都是手工制作的。” Adrian不时地指着一个个让人眼前一亮的陈设，墙上的画、走廊的装饰、各种古董家具…
“看这窗户。”他边说边给我演示打开那个古老的双层窗，窗外能看到漂亮的Cathedral Square和马路对面的Council House。
我后来跟同事们讲起这段偶遇，赞叹酒店的美妙之余说：人在专注时是最美的，他一心一意地想做出一个完美的作品，为此前前后后奋斗了八年，这是多么让人敬佩啊。 现在你能理解为什么他能在他的领域做成功，因为有梦想，有坚持。说到我们在做的Stirling Cross，为什么他会第一个把澳洲顶级的设计公司Elenberg Fraser引进西澳？ 为什么他会用Probuild这样的高端建筑商来建这个公寓楼？ 因为那就是他心中坚持的标准。
几个月前COMO The Treasury被评为西澳最佳酒店，今天又听说它被高端旅游杂志Conde Nast评为澳洲第一、世界第二的酒店，真是开心。在这个列表上澳洲居然没有其他酒店进入前５０名，可见这个世界亚军的分量之重。
我更是悄悄为我们Stirling Cross的客人们高兴，这个项目的两期Ironfish都是在公开开盘前提前进入，带着那么多客人早早地踏踏实实挑到了心仪的投资，因为高品质和特别适宜居住，其中很多是自住买主、包括我的同事们。 我们选项阶段做足了详尽的市场调查，等到媒体刊出附近大型配套设施全面升级的新闻时，对我们的客人们来说早已是旧闻了。
（声明： 文中照片均摘选自COMO The Treasury网站）
[Sydney] $727 million infrastructure boot to central Sydney
The City of Sydney is investing another $727 million on major projects that will transform central Sydney over the next 10 years.
Projects include safer and more accessible streets and pedestrian walkways, new and refurbished childcare and community centres, bold public artworks and revitalised parks and streetscapes, involving an investment of $1 billion over the life of the projects.
These projects are part of the $1.8 billion the City has set aside for a building and construction program over the next decade. Nearly 400 projects will provide new and renovated facilities for communities and businesses across the local government area.
City of Sydney CEO, Monica Barone, said the City had delivered hundreds of important projects including parks, playgrounds, childcare, pools, libraries, theatres and community and cultural spaces over the last 10 years, and was now working on hundreds more for Sydneysiders to enjoy into the future.
“These state-of-the-art community facilities and infrastructure projects will help create more welcoming and connected neighbourhoods that meet the needs of our growing population of families and workers,” Ms Barone said.
“From transforming George Street and its surrounding laneways and continuing development of the Green Square town centre, to creating new childcare centres and dozens of parks, the City is dedicated to enhancing the quality of life for central Sydney residents.
“Our 10-year financial plan is a huge investment that will nurture the city’s liveability, boost the economy, encourage tourism, improve sustainability, create new public open spaces and enhance our cultural life.”
More than 30 projects in central Sydney are part of the City’s capital works program and dozens more are in the pipeline for delivery over the next 10 years. They include:
The 10-year corporate plan includes more than 400 projects across the wider City of Sydney area. They include:
Source: News Release, City of Sydney, 31st August, 2016
[Perth] New online mapping tool makes planning easier
Public online mapping system provides interactive planning data
Up-to-date and accurate land use and development data
An online mapping tool is publicly available for the first time from today, allowing anyone to access planning data for any parcel of land in Western Australia.
Speaking at the Planning Institute of Australia’s state conference, Planning Minister Donna Faragher launched PlanWA an online interactive map that gives users access to the latest spatial planning information.
“PlanWA is a user-friendly website that helps simplify the planning system, allowing industry, local government stakeholders or any property owner to access relevant planning schemes and policies online,” Mrs Faragher said.
“Having information such as zoning and residential density codes can help them make more informed decisions, particularly in relation to any future development that may or may not be able to occur in an area.”
Users can search places of interest, enquire about specific pieces of land, access planning policies and information, tailor maps for their own use and connect to aerial imagery.
The Minister said about 100 local governments did not have an online mapping system for planning purposes and PlanWA would be beneficial.
“Those local government authorities which don’t have a mapping system on their websites will now be able to access this online resource to assist with planning for their local areas and provide more information to their communities,” she said.
PlanWA uses data from the Western Australian Whole of Government Open Data Policy and Shared Location Information Platform and will be regularly updated.
The new site can be accessed from the Department of Planning and Western Australian Planning Commission website at http://www.planning.wa.gov.au
Source: News Release, Western Australian Government, 2nd, September 2016
[Melbourne] Draft plans for $7bn commercial and residential precinct in North Melbourne released by Victorian Government
North Melbourne’s Arden precinct will be home to up to 15,000 people and up to 34,000 jobs over the next 30 years, according to draft plans released last week by the Victorian Government.
The plans to seek to create a new commercial and residential precinct across 56 hectares in North Melbourne, between Macaulay Road, Dryburgh Street and the Upfield rail line, with the proposed Metro Tunnel underground train station to form the heart of the precinct.
According to the government, the area will be developed gradually over the next 30 years and will retain North Melbourne’s industrial history. A heritage overlay is already in place to protect historic buildings and North Melbourne’s character.
The draft plans set out a vision for changing land uses, street and open space design, access for pedestrians and cyclists, and the revitalisation of Moonee Ponds Creek.
The Victorian Planning Authority created the Arden Draft Vision & Framework with the City of Melbourne, and the council is also working on a neighbouring residential precinct, Macaulay.
More information is available from the Victorian Planning Authority’s ‘Shape Victoria’ website at <http://shapevictoria.vic.gov.au/>.
Source: News Release, Urbanalyst, 6th September, 2016
[Brisbane] Brisbane’s Central Station Is Getting A New Look For A New Era
Brisbane’s Central Station is due to begin a three-year and $67 million revitalisation and modernisation of its facilities and appearance.
According to thebrisbanetimes.com.au the project is expected to support 750 jobs and is only the second rejuvenation project the station has undergone since it was first built in 1889, following its first significant renovations in the early 1990s.
The work is said to include a new roof extending over the Edward Street end of the concourse and new lifts and stairs leading to platforms.
The station’s back of house facilities including offices, communications rooms and first aid areas will also be refurbished.
An additional escalator from the concourse to ANZAC Square is being added in order to reduce congestion during peak periods.
Arguably the bulk of the work is Queensland Rail’s intention to completely modernise all of Central’s platforms, which will involve ceiling, wall and floor treatments, new lighting, level entry boarding, an extended cover on platforms 2/3 and 3/4, new passenger information displays and seating.
The station is being left open during the work but the Brisbane Times reported that Transport Minister Stirling Hinchliffe has acknowledged that the station caters for approximately 140,000 commuters daily.
Despite there being some inevitable disruptions to people’s schedules, work will be undertaken mainly during weekends and at night with peak hour timetables remaining unaffected.
“The main disruption will be the potential for passengers to have to board and alight from their trains from different platforms.
“We’ll minimise that disruption as much as possible,” he said.
According to Queensland Rail, the upgrade to Central station is one of several major projects planned for Queensland’s train network, including the delivery of 75 new trains and $634 million invested in new signalling technology that will allow trains to run closer together and increase capacity through the CBD.
Work on the Central Station facelift will start this month, beginning with back of house facilities.
Work on Central’s platforms will follow, beginning in early 2017.
Source: News Release, Urban Developer, 6th September, 2016
[Adelaide] SA Government announces draft update to 30-Year Plan for Greater Adelaide
South Australian Planning Minister John Rau last week published a draft update to the 30-Year Plan for Greater Adelaide,
which he said builds on the existing Plan’s principles and recognises the significant reforms introduced in the Planning, Development and Infrastructure Act 2016.
Mr Rau said the update strengthens the Plan’s focus on creating healthy neighbourhoods where walking and public life are encouraged. The update also seeks to ensure affordable homes and a greater diversity of choice in the type of housing are readily available.
The draft plan simplifies the 89 recommendations in the 2010 Plan to six high level targets, which are:
he updated Plan will be implemented using the tools and mechanisms created by the Planning, Development and Infrastructure Act 2016.
According to the Minister, the Act is a once-in-a-generation set of planning reforms which will be invoked in stages.
Over the next five years, the government will streamline planning assessment pathways, reduce more than 20,000 pages of development plans to a statewide Planning and Design Code, facilitate greater community engagement in planning, and introduce SA’s first ePlanning system.
Source: News Release, Urbanalyst, 30th August, 2016
[Sydney] Contractors’ shortlist announced for major western Sydney road projects
WORK on the Australian and New South Wales governments’ suite of Western Sydney Infrastructure Plan projects is pushing ahead, with shortlisted contractors announced to build three major road projects.
The successful contractor will deliver The Northern Road upgrade between Peter Brock Drive and Mersey Road, The Northern and Bringelly roads interchange and the Bringelly Road upgrade between King Street and The Northern Road at Bringelly as one project.
Minister for Urban Infrastructure Paul Fletcher said the decision to build the three upgrades as a single project would pay dividends for residents.
“The projects will be delivered together to ensure a coordinated approach to construction and to help reduce the impact on local residents and traffic while work is carried out,” Mr Fletcher said.
“The resulting time and cost savings will help accelerate delivery of these vital projects, while also creating new job opportunities for residents.
“These projects are a key part of the Australian and New South Wales governments’ $3.6 billion plan to provide essential road improvements for one of Australia’s fastest growing regions before the planned Western Sydney Airport opens in the mid-2020s.”
Work is already progressing on The Northern Road between Narellan and Oran Park, and the first stage of the Bringelly Road upgrade. The first section of the upgraded Bringelly Road was opened to traffic in December 2015.
NSW Roads Minister Duncan Gay said both The Northern Road and Bringelly Road will be widened to four lanes, with capacity for six lanes in the future to meet the growing population of western Sydney, improve traffic flow, and boost road safety.
“This road upgrade will be hugely beneficial to local commuters heading to other parts of Sydney for work. Between improvements to the local public transport system to increased opportunities for residential and commercial development, these projects are a huge investment in the region,” Mr Gay said.
“Features include new on and off ramps between Bringelly Road and The Northern Road as well as turning lanes, traffic lights and shared paths for pedestrians and cyclists alongside Bringelly Road.
“The Bringelly and The Northern Road interchange will include a new underpass to separate vehicles travelling on The Northern Road and Bringelly Road, improving traffic flow.
“Once the tenders are received, Roads and Maritime Services will assess the proposals, with construction expected to start in mid-2017 and the upgrade expected to open to traffic in late 2019.”
The three companies shortlisted to submit a detailed tender for consideration are CPB BMD Joint Venture, Fulton Hogan Seymour Whyte Joint Venture and Lend Lease Engineering Pty Ltd.
Source: News Release, Urbanalyst, 15th August, 2016
[Perth] Changes to R-Codes released for comment
Planning Minister Donna Faragher today released a number of proposed changes to Western Australia’s Residential Design Codes (R-Codes) for public comment.
Speaking at the State’s second Building Summit, Mrs Faragher said the proposed changes would provide greater clarity to ensure the R-Codes were applied consistently across the State.
“The R-Codes provide the basis for residential development control throughout WA,” she said.
“The proposed changes reflect the Liberal National Government’s commitment to ensure the planning system remains responsive to local government, industry and community needs.
“The proposed changes include the introduction of a new streetscape appearance clause. This means local councils will be able to formally outline policies on aesthetics and character and these policies which must be endorsed by the Western Australian Planning Commission.”
Draft frameworks for local councils to follow are also being prepared which will set out clear criteria and parameters along with guidance notes for developers, industry and the community.
Other proposed changes include amendments to definitions and setback and wall height requirements, as well as clarification of some construction standards in line with the Building Code.
The Minister said the proposed changes were part of a broader review of policy on design matters currently being undertaken by the WA Planning Commission.
“As the primary tool for the design, assessment and approval of dwellings and lot sizes, it is important that the R-Codes, and our broader planning system in general, continue to evolve in line with community needs and expectations,” she said.
Source: News Release, Western Australian Government, 9th August 2016
[Melbourne] Victorian Government releases draft apartment design standards for public consultation
New apartment design standards to improve development quality have been released for a final consultation round by the Victorian Government.
Better Apartments is part of the State Government’s reforms that aim to encourage a higher standard of development, maintain housing affordability and encouraging investment.
The draft standards address issues raised through comprehensive consultation with the community, local government and industry.
All new apartments will need to provide adequate daylight, storage, ventilation, energy and waste efficiency and minimise noise once final controls are adopted.
The standards address building setbacks, room depth, accessibility, waste and water, energy efficiency, storage, open space and noise minimisation.
Minimum apartment sizes are not included because the standards have been drafted to promote design innovation and encourage developers to provide a mix of apartment styles in developments.
Planning applications will need to meet the standards set or propose alternative plans which show how liveability will be ensured through design solutions, encouraging innovation and best-practice planning.
The Better Apartments discussion paper, launched by Minister Wynne in May last year, prompted debate from the property industry and community, drawing 1,700 survey responses and close to 150 detailed submissions.
Design guidance for Victorian apartments to-date has been minimal compared to other states, which has allowed apartments to be built which do not meet basic needs such as natural light, fresh air and storage.
Consultation on the draft apartment design standards is open for community and stakeholder feedback until 16 September 2016.
More information on the draft standards is available from the Department of Environment, Land, Water and Planning website at <http://haveyoursay.delwp.vic.gov.au/better-apartments>.
Source: News Release, Urbanalyst, 15th August, 2016
[Brisbane] Preferred tenderer for Herston Quarter announced by Queensland Government
The Queensland Government last week announced that Australian Unity has been selected as the preferred tenderer to develop the site of the former children’s hospital at Herston in Brisbane and create a $1.1 billion health, aged care, residential and retail destination.
Premier Annastacia Palaszczuk said the Australian Unity proposal would deliver on the government’s aim to elevate Brisbane’s health credentials and cement the broader Herston Health Precinct as home to globally recognised health care, research, education, clinical trials and treatments.
“This project will be a milestone in Brisbane’s history and will further enhance the world-class reputation of the broader Herston Health Precinct,” Ms Palaszczuk said.
“The tradition of public health services on the site will also continue, with my government’s commitment to deliver a new 132 bed Specialist Rehabilitation and Ambulatory Care Centre.
“This redevelopment will cement Brisbane’s position as a truly international city, with a health and research precinct that will help Queensland to attract and retain the best clinicians, health workers, researchers, academics and students,” she said.
Treasurer Curtis Pitt said Australian Unity has been selected as the preferred tenderer after a comprehensive competitive process conducted by Queensland Treasury.
“That process considered how the site could most effectively be used to achieve the government’s vision for a health-focussed precinct within its requirement that it be delivered at no net cost to the State,” Mr Pitt said.
“This development, over a five-hectare site adjacent to the Royal Brisbane and Women’s Hospital, will provide significant economic development opportunities for Queensland, supporting 700 jobs annually during the 10-year development period and hundreds of jobs annually through operation, as estimated by Australian Unity.
“Queensland Treasury’s project team will continue working with Australian Unity on the redevelopment of the site that will put Herston Health Precinct on the map globally, rejuvenate iconic heritage buildings and deliver wonderful public spaces for people to enjoy.
“This redevelopment will be delivered at no net cost to the State, which is a tremendous outcome and a terrific example of how the government and the private sector can work together to achieve mutually beneficial outcomes.
“With an investment of more than $1 billion, the Herston Health Precinct is exactly the type of development we need to drive jobs and growth with real community benefits through increased health service delivery,” Mr Pitt said
Works are expected to start in 2017 and the redevelopment will occur in stages over the next 10 years with the public health facility being a priority. A small project team will be embedded in Metro North Hospital and Health service to manage delivery of the project.
Source: News Release, Urbanalyst, 15th August, 2016
[Adelaide] Select Tender Call for Adelaide Festival Plaza Northern Promenade Works
The Northern Promenade works will include the creation of a new entrance and improved paths on the northern side of the Adelaide Festival Centre.
The east-to-west promenade on the river side of Adelaide Festival Centre will be widened to include a ‘Walk of Fame’, creating a seamless connection between the plaza and King William Road.
This improved access on the river side of the centre also supports the creation of a new Festival Centre entry point to enable easier access to performances at the Adelaide Festival Theatre.
The works also include a new landscaped external amphitheatre with integrated seating and disability access to Elder Park and an interactive arts playground.
The redevelopment will transform one of the city’s most important public spaces into Adelaide’s premier meeting hub.
Two key agreements were signed in May allowing the development to proceed, including a $430 million development by Walker Corporation – with an office building, retail area, car park upgrade and investment into the Festival Plaza – as well as the $300 million
SKYCITY Adelaide expansion.
Housing and Urban Development Minister Stephen Mullighan said ‘The revitalisation of the Festival Plaza precinct will be the centrepiece of the Riverbank Precinct, linking our premier Adelaide Riverbank attractions such as the Adelaide Festival Centre, Adelaide Oval
and Adelaide Casino.’
Together the projects are worth more than $900 million and will provide a significant boost to the state’s economy through construction jobs, tourism and ongoing employment opportunities.
More information on the Festival Plaza is available at the Adelaide Riverbank website.
Source: News Release, Renewal SA, 10th August, 2016
Building A Truly Diverse Property Portfolio
Many people feel that buying one property can be challenging, let alone owning a property portfolio of two or more investments. There are, however, systems that can make the process simple and in the reach of everyone. Ironfish, one of Australia’s leading property investment and management companies, has developed a unique approach to helping people build a multi-city property portfolio over the long term.
Diversify Locations And Type Of Property
When you’re looking for your first property, or thinking of adding onto an existing investment portfolio, it’s tempting to target locations that you are most familiar with – maybe you drive past certain suburbs each day, or are knowledgeable about your own local region. If you already own an investment you may even want to buy a property in the same suburb. Unfortunately, this approach can leave you open to risk, especially if the local market experiences a downturn – the “putting all your eggs in one basket” problem – and may mean you miss out on better opportunities further afield.
The experts at Ironfish suggest that you consider a more geographically dispersed portfolio of property, from among the major capital cities. This way you can spread as sensibly as possible, as it leaves you in a better position to weather any market changes specific to that region. The same applies to the type of property you look at to grow your portfolio, as each type of property investment – houses, townhouses and apartments – will have unique advantages and disadvantages. It is critical to look at each type of property in relation to how it will perform in a certain market, and obviously not everyone can be an expert in the variations of a property market in a different city. This is where getting professional assistance can make all the difference.
Choosing The Right Time To Grow Your Portfolio
Part of the Ironfish Portfolio Approach is knowing the right time to invest in certain property, at certain times in the market. As property is a 10 to 15 year investment, getting into the market at exactly “the right time” is less important than knowing what you should be investing in, and the capital city locations that are poised for growth.
When looking at building a diverse portfolio, knowing what type of property investment will perform best in which city is critical, as is aligning any purchases you make with your long term strategic investment plan. Ironfish have the experience and expertise to assist you with developing a plan that will suit you and your needs, giving you the ability to maximise your investment for your future.
How Should I Prepare For A Property Seminar?
Doing property research can be a fairly lonely business, especially if you’re someone who wants to talk about what you’re learning or to discuss possibilities in the market with other people. This is where a good property investment seminar can be useful: they are essentially a meet up to hear from industry experts, be given the opportunity to ask questions and to talk to other like minded people about property investment. To get the most from a seminar, it’s best to think about being prepared.
Choose The Right Property Investment Seminar
Don’t just sign up to the first seminar you come across. You’ve probably seen the ads for many property seminars over the years, and it’s important to know that not all will offer you the same levels of information or have the same outcomes. For example, seminars that you have to pay to attend will tend to want to sell you into more expensive programs further down the track. Free seminars, such as those offered by Ironfish, are designed as educational experiences, giving you access to the latest up to date data and analysis from experts. If you’re interested in talking one on one with a professional at a later date, then they can also set up a no obligation meeting – the key here is that you won’t be made to feel obligated to do anything.
Have Your Questions Prepared
You can attend a property investment seminar and sit quietly in the audience. Or you can come prepared and get the most out of the experience by asking all those questions you have when you sit and read about property investing or the market in general. A good property seminar will include adequate time for questions, and the experts will make time to follow up with you if you need further clarification or are interested in specific aspects of investing such as off the plan property.
Don’t Forget To Take Notes
Seminars can be exciting, especially if you feel the information and analysis you’re getting is high quality. You could hope to retain everything you hear, but you will undoubtedly find yourself wishing you’d thought of bringing a notebook or at least taken notes on your smart phone. Many property investment seminars will provide hand outs of relevant information and contact details, however it’s best to be able to take your own notes of the session. That way if you do want to follow up with an investment professional you’ll have all the relevant information at hand.
Ironfish is one of Australia’s leading providers of free property investment seminars, aimed at beginner, intermediate and experienced investors. Contact them today to book into one of their convenient seminars, held in locations across Australia.
The Advantages of Low Rise Investment Properties
When you’re looking at property projects, the amount of choices you are faced with can be overwhelming. Not only do you have to decide between locations, different features and property layouts, you also have to decide whether you choose to focus on high rise or low rise properties. High rise developments are certainly eye catching – sometimes they can dominate the landscape – and when they’re located in prestigious locations they can be tempting for any investor. However, there are reasons you should also consider low rise properties as a sensible investment choice.
The “Boutique Factor”
Low rise developments – generally considered to be apartment buildings with eight or less stories – can often appeal to a different type of tenant than a high rise property. The “boutique factor” means that a certain demographic will gravitate towards more exclusive and individual apartments, and they want to be part of a smaller residential community than some of the larger high rise developments can offer. This is particularly true amongst downsizers, retirees, families and older professionals. Low rise developments, such as Ironfish’s exclusive projects in Waitara in Sydney’s Upper North Shore and Ascot Waters along the banks of the Swan River in Perth, are also often located in quieter, leafy suburban streets, close to schools and transport, and away from the noisy hustle and bustle of the city centre. These attributes can make the apartments more appealing to high value tenants.
Lower Ongoing Costs
There is no doubt that tenants are generally attracted to facilities such as pools, gyms and spas, however investors need to be aware of the ongoing body corporate costs associated with the maintenance of these types of amenities. Obviously the bigger the development, the more complex and costly the fees will become, especially as the building ages over time. Low rise developments are less likely to offer these facilities or multiple lifts, meaning your ongoing costs could be more manageable throughout the year.
One important factor in securing good long term tenants is being able to attract them to your property. There can be a scramble for apartments in a brand new or off the plan high rise property project, simply to ensure that the property that investors purchase will be the most attractive and feature-packed offering on the market when it is completed. Once the development is available for occupation, then the scramble for tenants starts and making your property stand out from the others in the building can be a tough ask. In a low rise development, however, there will be less apartments to have to compete with to find tenants. Of course keep in mind that this also applies to when you eventually come to sell the property.
So if you’re looking at brand new or off the plan properties, consider a low rise development as a solid investment choice for your financial future.
Should I Buy An Off The Plan Apartment Or An Established Property?
The question of whether investors should focus on off the plan apartments or established properties is a common one for people thinking about how to buy an investment property. There is no doubt, the financial incentives for off the plan and brand new properties can be appealing, but there are other reasons first time investors should leave established properties to owner occupiers. Let’s look at the main reasons off the plan properties are a sensible long term investment choice.
One of the most enticing aspects about buying an off the plan property is the generous tax concessions and stamp (or transfer) duty exemptions. Off the plan buyers, for example, may be eligible for a 50% capital gains tax discount, as well as reduced stamp duty for first home buyers. Every state has different rules and regulations surrounding stamp duty on property. In NSW, for example, people looking at off the plan property may be eligible for a grant of $5,000 as long as the property value does not exceed $650,000.
The other financial incentive for people thinking about how to buy an investment property is that off the plan apartments generally require only a low initial deposit. Essentially when you find an off the plan apartment you are happy with, you generally only have to pay a 10% (or sometimes lower) deposit to secure your claim over the property until it is completed.
The time between securing the property and the moment you are required to settle for the full amount on its completion can be several years. This gives you the advantage of having time to get your finances in order, unlike an established house or apartment, where you will be required to organise a mortgage before you even choose a property. This time can also be advantageous as it gives you breathing space to think about your rental strategy, choose suitable agents and get to grips with your responsibilities as a future landlord.
Finally, one of the overlooked aspects of looking at off the plan property as opposed to established properties is that it gives you the ability to be picky. Imagine being able to go into a suburb and choose the best property – the one with the best layout, outlook and features. This is exactly what you can do with off the plan developments. Looking for an apartment near the back of the block with a balcony and a quiet outlook that might suit retirees or older professionals? Or thinking of a large apartment at the front of the development, close to the amenities such as a pool or entertaining terrace that would suit young professionals? With an off the plan property, you can be in the box seat when it comes to choosing the right apartment that suits your strategic investment plan.
Don’t forget to seek assistance from professionals when thinking about how to buy an investment property. Companies such as Ironfish will be able to help you find good investment opportunities while making sure you are getting all the advantages of off the plan property investment.
[Sydney] Circular Quay Planning Proposal Approved By City Of Sydney
Lendlease’s revised planning proposal and accompanying Voluntary Planning Agreement (VPA) for its Circular Quay sites on George and Pitt streets were approved last week by the Central Sydney Planning Committee and again at Monday night’s City of Sydney Council Meeting.
Mark Menhinnitt, Managing Director, Urban Regeneration and Infrastructure Development, said the planning proposal offered an opportunity to rejuvenate an important area of the Circular Quay precinct that would promote economic growth and improve public spaces.
“With its high quality commercial tower, the proposal provides the opportunity to increase office space in the Sydney CBD, design a world class workplace and commit to sustainable development, as favoured by global organisations.
“The VPA with council would secure measurable public and community benefits in connection with the proposal, such as a community building, business innovation space in the lower levels of the commercial tower, a large public plaza, other public open spaces and laneways, and a public cycle facility,” said Mr Menhinnitt.
The planning proposal comprises a commercial office tower (up to a maximum of 248m), a low rise public building and the remodeling of Jacksons on George licensed premises.
Significant public spaces include a large public plaza fronting George Street, a secondary plaza on Rugby Place and a network of laneways to connect and invigorate the precinct.
Under the Environmental Planning and Assessment Act 1979, the approved planning proposal will now progress as an amendment to the Local Environmental Plan and a VPA will be executed between the City of Sydney and Lendlease.
Lendlease intends to submit a development application to redevelop the Circular Quay site.
Lendlease will continue to work collaboratively with the City of Sydney and other key stakeholders throughout the planning process, and Sydneysiders will have the opportunity to provide feedback through the public exhibition period.
Source: News Release, The Urban Developer, 27th July, 2016
[Perth] Draft City of Subiaco Activity Centre Plan
The draft City of Subiaco Activity Centre Plan (SACP) and its role in guiding the delivery of mixed use and housing to meet the targets set out in Directions 2031 and SPP 4.2 Activity Centres for Perth and Peel.
We have consulted with our members to determine the impact of draft SACP. These consultations have identified improvements to make the activity centre plan more effective and better support the revitalisation of Subiaco.
The Property Council would like to put forward the following recommendations:
Source: News Release, Property Council of Australia, 25th July 2016
[Melbourne] City of Melbourne releases plans for Queen Victoria Market renewal
The City of Melbourne last week released details on how and when it intends to revitalise the Queen Victoria Market while keeping it open for business right throughout renewal.
As part of the proposed $250 million renewal, heritage sheds will undergo necessary restoration works, below-ground facilities will be built for traders and new public open spaces will be created.
Lord Mayor Robert Doyle said all projects seek to preserve the market’s history and secure its future, attracting new customers and creating a more viable, prosperous and safer market for traders.
“Queen Victoria Market is now and will always be a functioning, authentic market, and the proposed renewal works will vastly improve facilities for traders and customers, and create new open spaces,” the Lord Mayor said.
“More than half the proposed budget will be spent below-ground, with cool rooms, storage, and dedicated delivery and loading docks to make the market safer, improve operations for traders, and create more room for customers and market trade in the long-term.
“This ambitious project would have the largest ‘reach’ in terms of economic uplift and job creation of any project the City of Melbourne has undertaken, delivering an estimated net benefit of up to $1.2 billion with an impressive benefit cost ratio of 6:1, and the potential to create around 12,000 jobs.”
An Implementation Framework will this week be considered by Council, outlining how key projects will be staged over the next five years. In recent weeks, all trader groups have been briefed on the staging approach and the commitment to work with them through the entire renewal process.
“It is expected that the renewal will take five years to complete, not up to 10 as initially thought, with many of the projects to be completed within one to two years of starting,” the Lord Mayor said.
Queen Victoria Market Board Chairman Paul Guerra said that some traders would need to relocate to enable the renewal works but new market sites would be created during the renewal program.
“We will support traders and monitor the performance of the market closely throughout the renewal program.
Queen Victoria Market management is committed to finding places for all existing traders within the market precinct during the entire market renewal program – a commitment that has been confirmed in the many conversations we’ve had with traders in recent weeks,” Mr Guerra said.
“Every trader will have the opportunity to continue trading throughout the renewal period if they choose. It is our traders that make the market so special, and we will support them throughout this renewal.
“We’ll work with traders and customers to design temporary on-site markets, and ensure they are exciting and vibrant places for customers to shop while giving our traders access to quality infrastructure.
“We know car parking is important and this is reflected in the project staging. From 1 September, we will be reducing car parking rates on market days to attract more customers throughout renewal and support our traders. The first hour of parking will be free on market days and $5 for two hours.
“We’ll also be ramping up our promotion of the day market so we can attract new customers and ensure our existing loyal customers know that we will be open for business right throughout renewal.”
Source: News Release, Urbanalyst, 25th July, 2016
[Brisbane] Queensland Government to index maximum infrastructure charges on new developments
The Queensland Government last week said councils across the state will have more resources to deliver essential community infrastructure following the government’s announcement that it will index the maximum infrastructure charges on new developments.
Deputy Premier and Minister for Infrastructure, Local Government and Planning Jackie Trad said indexing the charges would assist councils to better fund local infrastructure needed to support new development and provide residents and businesses with the standard of services they expect in well planned communities.
“Councils have always been responsible for delivering trunk infrastructure like major roads, pipes and parks, but with new development arising right across Queensland – particularly in the South East corner – this can put somewhat of a financial burden on councils in supporting new communities, retail and industrial spaces,” Ms Trad said.
“Councils are able to seek contributions from developers to help fund trunk infrastructure by imposing charges on development approvals.
“Since the maximum charges were first set in 2011 they have not increased and these charges no longer reflect the real cost of construction and building, which is starting to hit the bottom line of council budgets.
“The Local Government Association of Queensland has estimated that councils would have missed out on $26 million in revenue for delivering trunk infrastructure if these charges were not indexed for another year.”
Under the current Sustainable Planning Act 2009 charges can be indexed by applying an increase based on an average of the previous three years of increases to the cost of building roads and bridges.
“Under the newly indexed amounts, councils will be able to charge developers up to $2 more per m2gfa for retail premises, $1.55 more per m2gfa for office premises, or a total $311.20 extra per house with three or more bedrooms,” Ms Trad said.
“Although this may not seem like much, when you multiply the amount by all newly approved developments in a local government area, it adds up and will go a long way in supporting councils’ bottom line.”
Ms Trad said the new Planning Act 2016, which will commence in 2017, made provision for the annual indexation of the maximum infrastructure charges to occur automatically.
“But it’s important we introduce the indexed charges now and not wait until the new Act commences next year, so that councils can continue to deliver necessary infrastructure without being unfairly compromised,” she said.
The new maximum charges will come into effect in the coming weeks.
Source: News Release, Urbanalyst, 25th July, 2016