ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

http://www.dhs.vic.gov.au/about-the-depa...evelopment

http://www.australand.com.au/Projects/Valley-Park

Exciting sale sets a new benchmark
Jordan Marshall PROPERTY REPORTER
439 words
30 Jun 2015
Hume Leader
HUMMOR
English
© 2015 News Limited. All rights reserved

STANDOUT Gladstone Park home has achieved a breathtaking result by selling for $681,000 at auction.

The five-bedroom home at 22 Clarke Drive sold after a 45-minute auction watched by more than 100 people.

Barry Plant Gladstone Park agent Jason Padula said he believed the sale was a landmark price for the area.

“It is the highest price that has ever been achieved for a house on a single block in Gladstone Park,” Mr Padula said. “The crowd got right into the auction, riding every bump with the bidders.” AUCTION DRAMA Two bidders dominated the early bidding, with a third jumping in when the home looked like being sold.

“We were about to knock the property down at $666,000 before a new bidder put in a bid of $667,000,” Mr Padula said.

“From there the bidding inched up to the final price with bids of either $500 or $1000 at a time.” The property sold to a young family from Glenroy.

SUBURB POTENTIAL The sale showed the scope for growth Gladstone Park offered. “Considering this was a record sale at $681,000 it shows how much potential there is for further growth,” Mr Padula said.

“When the record price is just above the city median price it shows there is still a lot of value.” FAMILY INTEREST DEMAND for new homes in Australand’s Valley Park development in Westmeadows has resulted in additional properties being added to the latest release.

Australand development director Sarah Bloom said that sales since the new release had been largely focused around family homes.

“We’ve had a great response from purchasers so far with this release of new homes, and as a result we’ve released additional houses to keep up with the demand,” Ms Bloom said.

“Buyers have been really impressed with the variety of housing options available with many opting for the three or four-bedroom houses.” STANDOUT RESULT A GLENROY townhouse recorded the top sale result on the weekend of June 20. The three-bedroom home at 1/3 Illawarra St sold for $722,000 at auction — $92,000 more than the reserve price.

Nelson Alexander Pascoe Vale agent Richard Ali said the sale showed the heat of the market.

“The area is really starting to benefit from spill over buyers from Pascoe Vale, Pascoe Vale South, Coburg and Brunswick,” Mr Ali said.

“The buyers were a young family from Brunswick West who were looking in that area for about six months before they realised the value in Glenroy.”jordan.marshall@news.com.au


News Ltd.

Document HUMMOR0020150629eb6u00010

http://www.australand.com.au/Projects/Th...P-The-Rise

Affordability in focus
275 words
4 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.

DEVELOPER Australand has launched its first residential blocks in a $400 million Logan City masterplanned community.

The 2450ha Park Ridge Masterplan will be one of Queensland’s largest when it’s completed in about 25 years.

Australand’s The Rise estate will include 370 lots plus a 1ha central park and playground.

Australand Queensland residential general manager Cameron Leggatt said Park Ridge would stimulate growth in Logan City by offering quality housing at an affordable price.

“With housing affordability throughout Brisbane and southeast Queensland out of reach for many Australians, The Rise is keeping the dream of home ownership alive, with house and land from $280,000,” Mr Leggatt said.

Logan City Mayor Pam Parker said the masterplanned community was part of a larger plan to create a vibrant and sustainable future for the city.

“The master plan provides a vision for the area that will encourage future development and improve the area’s appeal to investors, visitors, residents and the wider community,” Cr Parker said.

“The area will offer a range of affordable living options, a strong economy, existing and future amenity as well as community facilities and recreational venues.” The Outlook – the first stage of The Rise – comprises lots ranging from 250sq m to 786sq m.

The masterplanned community is part of the Logan Planning Scheme, which extends from the Greenbank Military Reserve to Logan River. It includes parts of Boronia Heights, Greenbank, Heritage Park, Logan Reserve and Park Ridge.During the next 25 years the Park Ridge Masterplan is expected to create homes and infrastructure for more than 25,000 new residents, plus about 13,000 new jobs.


News Ltd.

Document COUMAI0020150703eb7400052

http://bmag.com.au/your-brisbane/suburb-...tural-hub/

http://www.australand.com.au/Projects/Co...roo-Square

http://www.honeycombesproperty.com.au/De...?tabid=143

Newbies lead way
221 words
4 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.

FIRST-HOME buyers have led the charge for apartments in the $232 million Coorparoo Square project, which has chalked up $100 million worth of sales in about five weeks.

Developer Peter Honeycombe, of joint developer Honeycombes Property Group, said almost 20 per cent of inquiries were from first-home buyers.

“The inner-Brisbane apartment market is a competitive space, so the high volume of owner-occupier and particularly first-home buyer activity is very positive,” he said.

Joint developer Cameron Leggatt from Australand Queensland said the local market had responded well, with particular interest from Coorparoo and neighbouring suburbs including Carina, Carindale and Camp Hill.

First-home buyer Aaron Pullen spent several months searching for a new apartment.

“I came across Coorparoo Square and it met my needs in terms of proximity to the CBD and had the bonus of excellent public transport links and lifestyle amenities,” he said.

The development – to be built on the 1.2ha site of Brisbane’s first Myer department store – includes three towers with more than 360 apartments, 6000sq m of retail space, a pool, gym and 10-screen Dendy Cinemas .

Prices start at $402,000 for one-bedroom, one-bathroom apartments.Qualifying first-home buyers can purchase with a 5 per cent deposit, instead of the standard 10 per cent.


News Ltd.

Document COUMAI0020150703eb7400055

Let's hope we all strike gold...

Gold... Coast?

http://infopub.sgx.com/FileOpen/Announce...eID=359032

FRASERS CENTREPOINT LIMITED(Incorporated in the Republic of Singapore) (Company Registration No. 196300440G)Pursuant to Rule 704(17)© of the Listing Manual of the Singapore Exchange Securities Trading Limited, Frasers Centrepoint Limited announces that it has incorporated a subsidiary in Singapore named FCL Gold Pte. Ltd. with an initial issued share capital of S$1.00.By Order of the BoardPiya Treruangrachada Company Secretary7 July 2015


Sent from my iPad using Tapatalk

unlikely... there is no mess housing projects in Gold Coast... moreover they would have to incorporate a Aussie co for that purpose.

Australand likely have their hands full in Australia liao... its how to asset light that matters from here...

(07-07-2015, 09:21 PM)thor666 Wrote: [ -> ]Let's hope we all strike gold...

Gold... Coast?

http://infopub.sgx.com/FileOpen/Announce...eID=359032

FRASERS CENTREPOINT LIMITED
(Incorporated in the Republic of Singapore) (Company Registration No. 196300440G)
Pursuant to Rule 704(17)© of the Listing Manual of the Singapore Exchange Securities Trading Limited, Frasers Centrepoint Limited announces that it has incorporated a subsidiary in Singapore named FCL Gold Pte. Ltd. with an initial issued share capital of S$1.00.
By Order of the Board
Piya Treruangrachada Company Secretary
7 July 2015


Sent from my iPad using Tapatalk

I think this may sound silly.

China's stock market rapid decline has already resulted in a contagion - commodities, Aussie commodities firms and AUD has been affected.

If the Chinese government is unable to find a way to recapture the runaway Indominus Rex, then I think sooner than later, it will find its way to the "hot" Aussie Real Estate Market based on its highly developed infra-red vision.

Not silly but FCL's Australand is not in the hot sector - they are in the mass markets.

Australia property mkt is different and there are a lot who are still renting - potential homeowners.

Aussie prop mkt is a lot more stable than Asian prop mkt. Apart from mining, Australia has other industries that will benefit from low A$:

Tourism, Education, local manaufacturing - make in Australia still means better quality than make in China and moreover mining employs very small portion of working population.

As I have always been saying - Aussie prop mkt is far to complex than many thoughts. Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...

Caveat Emptor

(08-07-2015, 10:06 PM)Aldar Wrote: [ -> ]I think this may sound silly.

China's stock market rapid decline has already resulted in a contagion - commodities, Aussie commodities firms and AUD has been affected.

If the Chinese government is unable to find a way to recapture the runaway Indominus Rex, then I think sooner than later, it will find its way to the "hot" Aussie Real Estate Market based on its highly developed infra-red vision.

(08-07-2015, 10:19 PM)greengiraffe Wrote: [ -> ]As I have always been saying - Aussie prop mkt is far to complex than many thoughts. Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...

I guess we sometimes forget that property market of a small island state is different from the property market of a big country like AU, US etc.

(08-07-2015, 10:53 PM)EnSabahNur Wrote: [ -> ]

(08-07-2015, 10:19 PM)greengiraffe Wrote: [ -> ]As I have always been saying - Aussie prop mkt is far to complex than many thoughts. Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...

I guess we sometimes forget that property market of a small island state is different from the property market of a big country like AU, US etc.

It's only just a little over 7 years and some seemed to have forgotten about how the subprime crisis affected the overall property market in the US despite the subprime market being a segment.

Yes, a "Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...".

But when there's a loss of confidence and negative sentiment, a negative feedback loop can be created and affect all segments of the market.

Case-in-point: When there's a sell-down of overvalued China small caps, the blue chips were also affected.

(09-07-2015, 08:47 PM)Aldar Wrote: [ -> ]

(08-07-2015, 10:53 PM)EnSabahNur Wrote: [ -> ]

(08-07-2015, 10:19 PM)greengiraffe Wrote: [ -> ]As I have always been saying - Aussie prop mkt is far to complex than many thoughts. Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...

I guess we sometimes forget that property market of a small island state is different from the property market of a big country like AU, US etc.

It's only just a little over 7 years and some seemed to have forgotten about how the subprime crisis affected the overall property market in the US despite the subprime market being a segment.

Yes, a "Sydney / Melbourne prop bubble doesn't mean whole of NSW/Vic is bubbly and even other States like QLD, SA, WA, NT...".

But when there's a loss of confidence and negative sentiment, a negative feedback loop can be created and affect all segments of the market.

Case-in-point: When there's a sell-down of overvalued China small caps, the blue chips were also affected.

everyone is entitled to your own view. I think only local residence can tell u how they feel about property as an asset class

If only we know more about negative gearing...

Caveat Emptor