CFMG Capital has now completed the acquisition of Birchwood Estate Park Ridge by settling the 4.95 hectare site ideally located in the prime development precinct within the broader Logan growth corridor. The site was secured earlier in 2019 and a Development Approval is already in place.
With the existence of so many worthy not-for-profits and charities around Australia, it can often be difficult to choose just one or two for an organisation to align with – not only in terms of financial contribution, but the contribution of time and people out of the office and “on the ground”.
As a result of a 2017 state election commitment, Queensland Minister for Planning Cameron Dick recently announced amendments that will require local councils to publish the amount of infrastructure charges being collected and where that money is being spent. This is a very positive step forward in assisting the community to understand both the broader benefits of development activity in their area and the significant contribution this development makes to infrastructure upgrades.
A combination of Labor’s loss at the May election, with its policy of restricting tax breaks for property investors, followed by two official interest-rate cuts, plus further easing of lending restrictions by the regulator, has seen property prices in the two capital cities lift by more than 2 per cent, new figures from CoreLogic show.
BIS Oxford Economics property forecast recently predicted Brisbane will see the greatest national gains in house prices, with the Brisbane median expected to jump by 20% by 2022. That percentage rise is the highest predicted for the capital cities nationally, well ahead of Sydney at 6 per cent and Melbourne at 7 per cent.
CFMG Capital’s latest opportunity has fully subscribed prior to public release. Mayfair Lane, a boutique project in the sought after inner ring suburb of Rochedale was released to existing CFMG Capital Investors and priority waiting list during August and in less than 14 days the offer was fully subscribed by these eager investors before being made available to the public.
CFMG Capital are currently operating or in the planning stages of 8 projects across South East Queensland, with each of them at various points of the development cycle.
“We’re clear that the market has been to the bottom and is gradually improving, but we continue to see challenges around loan availability and you can see that in the elevated cancellation rates. In that context, we are unsure as to the pace of the recovery.” Stockland CEO, Mark Steinert said.
The Australian Taxation Office will target owners and auditors of close to 20,000 SMSF’s who have pushed savings into single investment properties and cryptocurrency over possible breaches of the law.
This week CFMG Capital General Manager, Andrew Thomson had the opportunity to attend the Australian Investors Association National Conference, where keen investors from all over the country gathered to take part in an intensive 4 day program of education and networking, with sessions from a variety of hosts and speakers.
