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Hot tips for Investing in Property 1. Invest in Capital Cities or major tourism
growth areas. Global Huntington Properties are expanding their offshore interests to New Zealand, Holland, England, USA, Asia and South America. The major benefits from investing in Real Estate in Australia has drawn interest world wide.
The Australian Government's reform of the tax system in areas such as capital gains tax has provided the icing on the cake. Australia's secure government and economy provides a safe haven for investors along with a solid return. Beachfront Have you ever wondered why waterfront properties in Australia and most locations worldwide, are more valuable than those properties that aren't near the water? There is only so much property near the beachfront. The old force of supply and demand takes hold. The eastern seaboard of Australia is a prime example of this. Water seems to have a calming effect on people. So when people want to relax or holiday where do they generally go? "Near the water". Research Beachfront land at the southern end of the Gold Coast appears set to become the city's next property goldmine according to PRD Realty. |
The agency says its research shows southern end beachfront is gaining favour among buyers chasing property in areas with the potential for explosive capital growth. It says the research shows that over the past five years average annual capital growth for beachfront residential property at the southern end has been more than 6 per cent, well above inflation. PRD says the research also shows that the average price for a Gold Coast beachfront property has jumped from below $50,000 in 1975 to just under $1 million in 1998. PRD research manager, Brett McCracken, says the research suggests that when beachfront property at the city's southern end starts to trade more freely, we will start to see a major catch up in prices. "A huge amount of infrastructure spending and private investment is now occurring at the southern end and sales volume is starting to rise." Mr McCracken says Coolangatta is leading the way for other southern suburbs such as Tugun, Currumbin, Bilinga and Palm Beach. Ref Bulletin 1999.
Interest Rates Interest rates on the move with some analysts expecting only a modest 1% rise by the end of 2000 in home loan lending rates. Sometimes a good look at long term fixed interest rates can give some evidence in how the banks expect the market to go. The banks don't set fixed rates to lose money. Huntington
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