Exciting Times Ahead for Robina!!

 

After operating in Robina for 26 years, Robina Realty has been at the forefront of what’s happening in our up-and-coming region.  Well there is even more exciting news.  Despite what you might read in the papers, Robina & surrounding properties are in demand and are selling!

 

We have a sneaking suspicion that ‘savvy’ buyers already know about the $1.1 billion dollar development pipeline in Robina that is underway or about to start.  Did you know that the amount of commercial office space within 5mins of the Robina Train Station will be almost double the whole of Southport’s office space?

 

For instance there are plans for an additional 100,000sqm of commercial space? That’s enough to generate an additional 7,000 jobs in the Robina region over the next five years!  Where are these people and their families going to live?  It’s a very intriguing question and one we should all be seriously thinking about.

 

Robina Land Corporation has been very kind in providing our office with the following figures and it gives me pleasure in being able to share them with you all:

 

 

Commercial & Industrial Developments
East Side	$30 million – 5,500sqm of commercial space
HQ	$22 million
Easy T	$53 million
Robina Storage Centre	$6 million – with plans to extend
160	$6 million – with provisions for cafes on ground level
Sidewalk	$20 million – 13 office spaces (9 sold)

 

Residential Developments
Riverwalk	$180 million
Promenade Point	$9 million

 

Queensland Government Developments
Robina Hospital	Hospital upgrades completed by June / July Will create 420 jobs $37 million spent so far $267 million for future beds
QAS & Emergency Services	$26 million
Q Rail	$75 million

 

Community Developments
Robina Town Centre	$200 million in extensions
Titans Stadium	$160 million – 100 jobs generated

 

Committed TOTAL $’s

A TOTAL of $1.1 billion between Robina Land Corporation & the Queensland Government That’s a HUGE amount of money committed to one region!

 

What This Means To Robina & Surrounds

There will be a total of 100,000sqm of commercial space developed. Usually 15sqm of commercial space creates 1 job, thus a huge amount of jobs moving to Robina….where are they going to live?

 

Cheers,

Alanah Day
Managing Director

Special Days & Events

 

7th May, 2007	Labour Day
17th May, 2007	Ascension Day
27th May, 2007	Whit Sunday/Pentecost
May Birth Flower	Lily of the Valley
May Birth Stone	Emerald

 

Interest Rate Reprieve For Homeowners

Real Estate Dynamics

April Newsletter

 

The April decision by the Reserve Bank of Australia to leave interest rates unchanged at 6.25% has allowed homeowners to breath a sigh of relief.

 

Research reports in the media indicate that 21% of current mortgage holders were having difficulties meeting mortgage payments, with 76% either concerned or very concerned about the prospect of future interest rate rises.

 

However, Real Estate Institute of Australia’s President, Graham Joyce, reminded those seeking to get into the home buyer market and those already in it should ensure they allow in their budget for possible future increases.

 

Level Five Water Restrictions Introduced

REIQ Journal

April 2007

 

The Queensland Water Commission has announced Level Five Water Restrictions which have come into force the 10th of April.  The objective being to achieve a further 10% saving across Southeast Queensland, compared with pre-drought water use.

 

The integrated plan includes a set of water efficiency measures for residents, business, industry and government to help beat the drought.

 

Features of the Level Five Water Restrictions include:

 

• Target 140 – a new campaign to achieve a regional average water use target of 140 litres per person per day;

• Targeting inefficient, high volume residential water users and stopping wasteful water practices;

• Making real savings for the long-term across business, industry and government;

• Fitting water saving appliance and improving regulation to ensure Southeast Queensland’s buildings are water efficient; &

• Ensuring compliance with water restrictions.

 

Installing A Rainwater Tank

Real Estate Dynamics

March  Newsletter

 

Queensland is experiencing its worst drought on record.  There is simply no way to turn a blind eye to it – even as an Investor. 

 

Our Agency has many Lessors with investment properties that we manage on their behalf as well them owning property in other area of Queensland.  Depending on where an investment property is located, it may not be safe from water restrictions and unfortunately neither are Tenants.  As an Investor it is essential that your Tenants and properties are provided with water saving devices, just the same as you would install for your own home to minimise water and supply costs.

The installation of rainwater tanks across the state have risen dramatically over the 12 months and the effect that tanks have had on our total water consumption has increases significantly.  Fair Trading Minister, Margaret Keech, said many Queenslanders were installing rain water tanks to help reduce the drain on precious water resources.  Installing a water tank though in no simple job and Investors and Property Manager must ensure they receive all the information they can prior to making a decision on size, installation, placement and price.

 

The Office of Fair Trading provides a handy Fact Sheet which incorporates advice from the Department of Natural Resources, Building Services Authority and the Queensland Water Commission.  Information on buying a tank and what tanks are actually available and more importantly rebate schemes available is also incorporated.

 

Investors can obtain a free copy of “Installing a Rainwater Tank” from the Office of Fair Trading website www.fairtrading.qld.gov.au or call 13 13 04.

 

Top 5 Investment Mistakes

Extract from Australian Property Investor Magazine

March 2007

 

We all make mistakes, it’s a fact of life no matter how hard we try to avoid. We also make mistakes when it comes to investing whether it be money or property.  There are ways to avoid making these mistakes and ensuring that your investment is providing the best possible outcome and financial success!  Listed below are the top 5 mistakes property investors make when purchasing a property.

 

Mistake 1: Falling in Love with the Property

When you purchase an investment property, you are purchasing a property for someone else to live in.  A tenant may or may not love a property as much as you do and they may or may not love the features which you found so desirable.  You must decide on your target rental market and find a property which best suits their needs.

 

Mistake 2: Not Seeking Expert Advice

There are so many accountants, solicitors, property brokers, financial consultants and other experts who can advise investors on finances etc yet still so many investors fail to take advantage of the advice and information which these experts can lend.  We can’t all expect to have a full understanding of the real estate market or financial market – so why not leave it up to the experts!

 

Mistake 3: Not Having a Risk Strategy

We all have high hopes for our investment property and usually believe things won’t go wrong.  But what will happen if it can’t be tenanted, what happens if there is an accident at the property, what if interest rates go up, what if your circumstances change?  You simply cannot afford to own an investment property without a back up plan.  You can’t be expected to know the future just as you can’t expect not to have a risk strategy.

 

Mistake 4: Not Performing the Research

Researching the area surrounding the property is just as important as researching the property itself.  The property’s location to schools, shopping centre, medical facilities and transport are major factors on the success of your investment property.  Don’t forget to research the capital growth of the area, upcoming council plans and area general vacancy rates.

 

Mistake 5: Not Crunching the Numbers

Again, there are experts who can help you ensure that you are never left out of pocket due to your investment property.  Rounding up or guesstimates are not enough to ensure your purchase is a financial success rather than a burden.  Contact your accountant or financial advisor to gain advice on negative gearing, tax benefits and the total cost of purchasing an investment property.

 

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