The extraordinary government response to the current health crisis gripping the world has been extremely well directed and flies in the face of history, showing the current Federal Government has learnt from the mistakes of the past, with one exception – the early release of super.
Lomandra Park, an 80 lot residential project located in Bridgeman Downs is set for expansion via the acquisition of a 2.02 hectare neighbouring parcel of land. This subsequent site acquisition allows for the expansion of the highly sought after boutique community to in excess of 110 residential lots.
As the country gradually moves towards varying degrees of what is now being termed as ‘lock down’, it’s time to start planning for the ‘other side’. Pent up demand, historically significant fiscal stimulus and the fact that this is largely a health crisis with economic impacts, rather than a structural issue with the economy could all mean the return of a growth market across many economic sectors in just a matter of months.
The team here at CFMG Capital are pleased to welcome Elio Iacutone to the newly created role of National Sales & Marketing Manager, overseeing the sales and marketing functions across all aspects of the business. Elio will work closely with Sales Managers in both the land development and capital raising departments, while leading the marketing team across both digital and offline, as well as brand development.
Every challenge presents an opportunity to grow. Financial advisers who can adopt the right attitude and equip themselves with proven strategies, innovative technology, and a sound business plan will thrive in today’s challenging business environment.
On Tuesday 18 Feb, over 60 local and national builders and land marketing agents were hosted by CFMG Capital at a Builder Breakfast to provide a construction update on the Lomandra Park development at Bridgeman Downs as well as give a sneak peak at the newly established on-site sales office and location of the upcoming Master Builders Display Village that will feature 10 designers homes from 6 leading builders.
Diversified property group CFMG Capital will push ahead with a $28 million mixed-use project after completing the purchase of a 5.8ha site on Epping Road, Wollert, in the heart of Melbourne’s northern growth corridor.
A combination of higher yields, lower volatility, and reduced correlations to traditional assets have seen a boom in unlisted investments in recent years. For example, in the three years to December 2019, data from The Association of Superannuation Funds of Australia (ASFA) shows that investments in unlisted property grew at almost twice the pace of those in listed property.
Recent data from CoreLogic shows that 9 out of 10 properties in the latest quarter sold for a price higher than the original purchase price, raking in a gross profit of $18.7 billion collectively for the quarter alone.
CoreLogic head of residential research Eliza Owen said Hobart sellers were the most likely to experience gains, with 98.1% of properties selling for a profit.
ASIC has suspended the Australian financial services licenses of Sydney-based Theta Asset Management and Valuestream Investment Management and commenced action in the Federal Court in Western Australia, focused on the promotion and management of the Sterling Income Trust.
