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.
The 2020 SMSF Association National Conference will be held on the Gold Coast in February, a well-attended and hotly anticipated event, the conference will shine a light on the latest SMSF legislation and regulation and complex SMSF strategies through a comprehensive technical program.
CFMG Capital’s ‘Lomandra Park’ – a boutique residential community in Bridgeman Downs, just 12km north of the Brisbane CBD will be home to a Queensland Master Builders Display Village in 2020.
Elevate Estate, a residential land development located in Ormeau Hills is being developed by CFMG Capital via the Land & Opportunity Fund.
CFMG Capital are currently actively operating six residential developments at all points of the compass in the South East Queensland market, each at varying stages of construction or planning and a brief update on each of them is below.
