Zoning rules, combined with under-utilised property in prime locations, housing affordability and the requirement to build at a higher density in sub prime locations away from existing infrastructure are creating sub optimal housing outcomes across multiple Australian cities.
During April, some important milestones were reached at CFMG Capital when we welcomed our 1,000th investor and even more impressive, we had one of our initial investors invest in their 10th project.
For the second year running, CFMG Capital Managing Director Scott Watson will join other local leaders and sleep outside as part of an eye-opening experience to raise awareness and bring home the realities of homelessness.
The UDIA’s latest state of the Land report shows the supply of greenfield housing lots on Australia’s east coast in 2018 fell to 5 year lows.
“Turn the lights off on the way out the door” is exactly what Macquarie Bank did recently when they were the final bank in Australia to stop lending to SMSFs for the purposes of purchasing residential property.
Middleton Park II, as the name suggests, is the extension of an existing CFMG Capital residential development delivered by the fund and thus enjoys the benefits of being a proven project. The site lies immediately adjacent to the existing 150 lot Middleton Park development and will create an additional 186 allotments to form a 336 lot residential community.
Unlisted property funds have continued their spectacular run of returns in the past 5 years, once again outperforming listed real estate trusts, direct property investments and the broader equities market – delivering a return of 13.8% throughout calendar year 2018.
International Women’s Day (IWD) is celebrated around the world on the 8th of March and is a day to reflect on how far society has come and how far we still have to go to truly achieve gender equality. Last week, the women of CFMG Capital attended an International Women’s Day lunch to celebrate this day.
The point we’re making here isn’t to start trying to essentially ‘stock pick’ or list suburbs outperforming other suburbs in these major markets, but to simply point out the opportunities created by the basic property cycle, particularly for developers (or investors) who take a national view, or even just an eastern seaboard view.
Stage 1 of the 336 lot Middleton Park residential development achieved title registration last week. Consisting of 75 lots, Stage 1 was well received by local owner occupiers given the prime location, presentation and value for money. With the stage over 70% unconditionally sold out prior to titles being achieved, the first residents should be…