During June, the registration of titles for Stage 1 of the Lomandra Park development were achieved, triggering just under $13m worth of settlement funds. Consisting of 41 lots, only 3 are remaining for sale, 17 are contract exchanged and 21 have already achieved land settlement – a very strong result for this boutique inner ring project.
Stage 1 of the boutique 110 residential community known as Lomandra Park has now achieved title registration. Comprising 41 premium sized lots just 12km from the Brisbane CBD in a sought after location, there are just 5 lots remaining for sale in Stage 1, with registration of titles set to trigger close to $15m worth of settlement revenue.
In recent weeks there has been significant speculation and associated lobbying from various industry bodies surrounding potential Federal funding to stimulate the construction sector, particularly new home building.
The Property Council put together a $2.5million plan to kickstart the broader economy where buyers of newly built homes would benefit from $50,000 cash stimulus. The council has also campaigned for the abolition of Stamp Duty on property transactions among other associated initiatives.
Warnings of a 30 per cent plunge of property prices have not shaken Aussie homeowners’ love of real estate, with millions holding their nerve during the coronavirus pandemic. Here’s why.
Home values are holding up strongly after two months of Australia in lockdown, but a big test looms in October when government and bank assistance dries up.
New data from CoreLogic shows capital city prices have barely moved in two months despite warnings by some forecasters property values could collapse by 30 per cent.
Construction at Mayfair Lane, Rochedale has now commenced. Mayfair Lane is an exclusive boutique 15 lot residential community in the sought after Rochedale, and the machinery moved in just two weeks ago and has already made rapid progress.
The Millstone Estate, managed by CFMG Capital is a 303 lot residential community just 35km west of the Melbourne CBD, set beneath the wide skies and offering all the upside of being part of a thriving new growth corridor, but with a more peaceful and tranquil setting. With Stages 1-3 already completed and settled, and residents already moved into the community, construction on Stages 4 & 5 completed in recent months with title registration of all 94 residential lots achieved last week.
At the end of April, the team at CFMG Capital were pleased to launch the new investor portal, a key tool for our extensive and loyal investor base to access important documentation in a secure environment and also complete any administrative updates on their profile.
Residential real estate is one asset class which is common to 25.5 million Australians. After all, some form of housing is an essential commodity whether you own or rent that housing, you are a participant within that investment class. National housing values increased 0.3 per cent during April despite ongoing challenges to the industry caused by COVID-19, while its only the most expensive markets that have seen negative growth.
Macquarie chief executive Shemara Wikramanayake said that capital raisings show investors are confident about the future for Australian companies in a post-COVID-19 environment.
Ms Wikramanayake told the Macquarie Australia Conference that companies and investors are preoccupied with two questions – “what can we expect next and when will markets adjust to a new normal?”
Middleton Park is a 336 lot multi stage residential community being delivered via the CFMG Land & Opportunity Fund in Logan Reserve. Consisting of 5 stages, the new residential community is set in a thriving growth corridor that forms part of an integrated community development zone.
