Soaring rental demand is sparking a new wave of investor interest in Moreton Bay’s emerging growth suburbs. It’s good news for Brisbane’s north and the region’s leading agency David Deane Real Estate, where yields of up to 6 per cent are being achieved for investors.
The month of May spurred unprecedented rental enquiry and the agency has appointed a full-time leasing consultant to further build relationships with its growing tenant list. The agency is averaging 15 new property managements and 30 lettings per month with 629 properties now under management.
In addition, there are 1000 prospective tenants on the agency’s rental database – an increase of 500 from the same time last year.
May settlements were also up with 21 properties sold at an average of $322,000.
Principal Belinda Deane said the suburbs of Warner, Petrie and Bald Hills are emerging hot spots providing solid returns for investors. “There are some very encouraging signs emerging and leasing and property management numbers are up on last year by more than 30 per cent,” she said.
“There are in excess of 1000 prospective tenants on our database who are emailed our rent list daily.”
The average rental price for a standard three-bedroom home in the aforementioned suburbs is $350 per week, up from around $330 in 2011.
Ms Deane said tenants are looking for three to four bedroom homes with built-ins, ensuite and low maintenance, fully-fenced yards.
“A note to investors – a lock up garage and air conditioning will also put your property ahead of the pack as does a convenient location to schools, transport and shopping centres,” she said. “Enquiry levels are through the roof and we have just appointed three new property managers to handle a surge in lettings. “We put a lot of work and effort into training our property managers with weekly training sessions and interstate conferences to ensure we deliver the best advice to our owners.
“You need to make sure your property managers are knowledgeable in investment management. We treat your home like it is our own, which is why we have been so successful in gaining leading market share across the region.
“We have also employed a customer service manager which has been a factor in our increase of new managements as we focus even more on our service and quality.”
Ms Deane said the additional team members have ensured service delivery proving ‘our people are the key asset in our growth’.
“This has made a dramatic difference to decreasing our days on market and being the number one agent in the area for reletting properties in minimum time. We have tenants phoning us wanting to get our daily rent list emailed to them,” she said.
“All these factors together have increased our growth and our aim is to always minimise our vacancy periods and relet properties as quickly and efficiently as possible.”
David Deane sales manager Mark Rumsey, said investors made up 15 per cent of sales during the March quarter with 62 per cent of those living in the local catchment area. A lot of the activity is being generated from those selling homes in the mid $300,000 category and upgrading to properties as high as $450,000.
“The positive signs are there and we have the ability to give properties the right exposure, provide the right marketing strategy for vendors and get buyers to the property,” he said.
Strathpine is ideally located just 23 kms from the Brisbane CBD. It is one of the only Brisbane suburbs with two railway stations, ensuring a smooth commuter flow in an out. Centred on Westfield Strathpine, the Strathpine Railway Station and local council chambers, the scale and mix of uses continues to expand to meet the broadening needs of the area’s growing population.
David Deane Real Estate was acknowledged at the recent 2012 annual Australasian Real Estate Results Network Awards (ARERA’s), where founder David Deane was honoured with a lifetime contribution award, while sales young gun Cassie Turner was awarded Rookie of the Year.
Visit www.daviddeane.com.au for more information.
Friday, June 29, 2012
Monday, May 14, 2012
PROPERTY UPGRADES DRIVE SOLID RESULTS FOR DAVID DEANE REAL ESTATE
AN increase in the number of home owners upgrading from existing dwellings is spurring sales activity in Strathpine, where leading realtor David Deane Real Estate achieved $26 million in sales during the March quarter. The agency sold 79 properties for a total of $26.5 million at an average price of $336,507. The increased sales are a result of established home owners upgrading from existing properties and first home buyers who are also finding value in the growth suburb.
Sales director Mark Rumsey, said a lot of the activity is being generated from those selling homes in the mid $300,000 category and upgrading to properties as high as $450,000. “We are seeing a lot of confidence return to the market and people are realising that they can have an improved lifestyle which is still affordable,” he said. “From our perspective it’s still tough out there in some areas of the industry, but our March quarter was staggering when you compare our figures to that of some of our competitors.”
Mr Rumsey expected sentiment to be further bolstered with further interest rate cuts predicted over the next two quarters.
“The positive signs are there and we have the ability to give properties the right exposure, provide the right marketing strategy for vendors and get buyers to the property,” he said. Investors made up 10 per cent of sales during the quarter with 62 per cent of those living in the local catchment area.
Rental activity also increased on the last quarter by 4.3 per cent with 622 transactions.
Principal Belinda Deane, said the steady rise of enquiry throughout the first quarter is a testament to the local buyers market. “The feedback from buyers is that they have now realised that the market did in fact bottom out last year,” she said. “That momentum is continuing into the second quarter and we expect another strong result in our residential department.”
Strathpine is ideally located just 23 kms from the Brisbane CBD. It is one of the only Brisbane suburbs with two railway stations, ensuring a smooth commuter flow in and out.
Its economic engine room is the booming Brendale industrial area, the largest commercial estate in the Moreton Bay Regional Council area. It caters for 22 per cent of all employment within the Pine Rivers district. “The business district is exploding given its proximity to skilled workers and supporting business services, competitive land prices and good transport access,” said Ms Deane.
Adjacent to Brendale, is the intended $200 million Strathpine Major Regional Activity Centre Master Plan earmarked at the pivotal for Strathpine Central. This major project of significance has the potential to increase market growth for the entire region with a strong public transport focus, medium to high-density residential developments and commercial/office spaces increasing employment, with supporting community facilities, services and public open spaces.
David Deane Real Estate was acknowledged at the recent 2012 annual Australasian Real Estate Results Network Awards (ARERA’s), where founder David Deane was honoured with a lifetime contribution award, while sales young gun Cassie Turner was awarded Rookie of the Year.
Visit http://www.daviddeane.com.au/ for more information.
Sales director Mark Rumsey, said a lot of the activity is being generated from those selling homes in the mid $300,000 category and upgrading to properties as high as $450,000. “We are seeing a lot of confidence return to the market and people are realising that they can have an improved lifestyle which is still affordable,” he said. “From our perspective it’s still tough out there in some areas of the industry, but our March quarter was staggering when you compare our figures to that of some of our competitors.”
Mr Rumsey expected sentiment to be further bolstered with further interest rate cuts predicted over the next two quarters.
“The positive signs are there and we have the ability to give properties the right exposure, provide the right marketing strategy for vendors and get buyers to the property,” he said. Investors made up 10 per cent of sales during the quarter with 62 per cent of those living in the local catchment area.
Rental activity also increased on the last quarter by 4.3 per cent with 622 transactions.
Principal Belinda Deane, said the steady rise of enquiry throughout the first quarter is a testament to the local buyers market. “The feedback from buyers is that they have now realised that the market did in fact bottom out last year,” she said. “That momentum is continuing into the second quarter and we expect another strong result in our residential department.”
Strathpine is ideally located just 23 kms from the Brisbane CBD. It is one of the only Brisbane suburbs with two railway stations, ensuring a smooth commuter flow in and out.
Its economic engine room is the booming Brendale industrial area, the largest commercial estate in the Moreton Bay Regional Council area. It caters for 22 per cent of all employment within the Pine Rivers district. “The business district is exploding given its proximity to skilled workers and supporting business services, competitive land prices and good transport access,” said Ms Deane.
Adjacent to Brendale, is the intended $200 million Strathpine Major Regional Activity Centre Master Plan earmarked at the pivotal for Strathpine Central. This major project of significance has the potential to increase market growth for the entire region with a strong public transport focus, medium to high-density residential developments and commercial/office spaces increasing employment, with supporting community facilities, services and public open spaces.
David Deane Real Estate was acknowledged at the recent 2012 annual Australasian Real Estate Results Network Awards (ARERA’s), where founder David Deane was honoured with a lifetime contribution award, while sales young gun Cassie Turner was awarded Rookie of the Year.
Visit http://www.daviddeane.com.au/ for more information.
Tuesday, April 24, 2012
USA v Australia
I have just returned from a month travelling accross USA. I noticed several points of interest as follows:-
Petrol was half the price we pay in QLD
Clothes were a third of the price, same brands
Beer was half the price we pay or less
Taxes were half what we pay
Household water was at least half the price we pay.
Electricity was likewise cheaper
No carbon tax or discussion, but did see bankrupt mmassive wind farms.
Things are very tough in us and it looks like they are ready exile the big spending debt burden democrats.
Ok it's easy to say they have a much bigger population in USA but we have much bigger government to make a mess of our lifestyles. It's time we gave all policians notice that they are appointed to spend wisely, provide well and respond to the majority and forget manic fringe groups?
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