JANUARY 2012 NEWSLETTER

Welcome to our January 2012 Newsletter.  I would like to share with you some very positive and exciting news. Billions of dollars of building projects have been approved on the Gold Coast which will mean the creation of more than 10,000 direct and indirect jobs. Plus due to the Gold Coast being awarded the Commonwealth Games for 2018, the Queensland State Government  will invest around $2 billion dollars on transport, infrastructure and sport which is estimated to create a further 30,000 jobs.  Property, tourism, employment and business will benefit significantly which in turn has pundits tipping an investment boom and golden times ahead for the Gold Coast region. (See news articles below)


The Reserve Bank of Australia is widely expected to cut the official interest at its first board meeting of the year on Tuesday 7 February.  Many financial analysts believe there will be further rate cuts throughout 2012.  Interest rate cuts historically stimulate economic growth.


More good news … the Queensland Government Building Boost Grant of $10,000 which is available to all qualifying Australian citizens and permanent residents when purchasing new Queensland residential properties under $600,000 has now been extended until 30 April 2012. The grant is available on each new property purchased.


Many of our investor owners who have taken advantage of this grant have used this free money to pay their shortfall or contribution to funding their loan (after taking into account loan repayments, tax benefits, rental income and outgoings). Owners who have wisely applied this $10,000 free money towards their new property are finding they do not need to contribute their hard-earned cash towards the property for the next 16 months to 2 years depending on the amount of their original shortfall.  This is a very attractive position for purchasers.


In summary, once again the astute property investor and owner-occupier is purchasing because they recognise market conditions on the Gold Coast are the most advantageous they have been in many years.  To find out more about taking
advantage of this golden opportunity please contact us now.


Kind regards

Caroline Tomlins
Director/Licensee
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New 4 Bedroom Townhouse from $419,000
Merrimac - Gold Coast 
Free...$10,000 Queesland Government Building Boost Grant*
(*Conditions Apply)
 
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For more information go to www.ctrealty.com.au/properties/detail/501   
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Waterfront Apartments from $485,000
Surfers Paradise              

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For more information go to www.ctrealty.com.au/properties/detail/469 
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Buyers told there's no time like the present

Gold Coast Bulletin  |  October 22nd, 2011
REIQ Gold Coast zone chair John Newlands writes:

MARKET conditions on the Gold Coast are the most advantageous they have been in many years for buyers. When it comes to buying well, timing is very important.
   more....
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Build Boost extension spurs action
Gold Coast Bulletin  l  Alister Thomson  l  January 21st, 2012

PROPERTY champions have welcomed the State Government's extension to the $10,000 Building Boost Grant, saying six months was always too short a period for people to take advantage of it.

The one-off grant, available to home purchasers buying or building a new home worth less than $600,000, was due to expire on January 31 but has been extended to the 30th of April.

The grant increases to $17,000 for first-home buyers buying or building a new home.
   more....
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Rental squeeze spurs fierce competition
Gold Coast Bulletin   l   Tanya Westthorp   |  January 9th, 2012

PEOPLE vying to rent sought-after Gold Coast properties are pulling out all stops to secure the homes.

An acute shortage of family rental homes on the Gold Coast and Tweed has spurred fierce competition between the scores of people applying for each property.  There are reports of some even offering to pay more than the advertised rent and others paying six months rent upfront.   more....
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2.4b Shot in the arm for Gold Coast
Matthew Killoran l Gold Coast Bulletin  |  October 22nd, 2011

OVER $2 billion in building projects for the Gold Coast are on the verge of being rubber-stamped before Christmas.
The $2.4 billion cash splash will mean more than 10,000 direct and indirect jobs created, which experts predict will have a flow-on effect on the city's economy outside construction.  more....
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Let the jobs begin
The Sunday Mail 13th November 2011

Let the Games and the Gold Coast revolution begin.
  more....

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Bust to boom as projects take off
Gold Coast Bulletin 22nd October 2011
By: Matthew Killoran

BILLIONS of dollars in building projects for the city are on the verge of being rubber stamped before Christmas.

The $2.4 billion cash splash will mean more than 10,000 direct and indirect jobs created, which experts predict will have a flow-on effect on the city's economy outside construction.  more....
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Gold Coast Tower Resort provides 750 jobs
Gold Coast Bulletin 
l  Matthew Killoran   |  February 1st, 2012             

CRANES will again be on the Surfers Paradise horizon after a $600 million, four-tower resort was approved yesterday.

Construction will start before the end of the year on the reborn family-orientated Paradise Resort with four apartment buildings reaching between 30 and 58 levels.  
   more....
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Centre sure to cause a huge splash for tourism

Commonwealth Games organisers are confident the premier venue for the 2018 event will make waves that will reverberate in the tourism industry for years to come.  more....

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Heinz Dam opens new world of fun
Gold Coast Sun - Ellisha Puglia

3 years and $395 million later Heinz Dam will finally opem to the public on December 19th just in time for Christmas.  more....
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