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.
Unlisted Funds Continue to Grow
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.
Capital Growth vs Yield – How Property Continues to Perform
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 Clamps Down on Investment Managers
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.
SMSF Association National Conference 2020
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.
Lomandra Park – Boutique Display Village Set for Launch in 2020
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 – Sales Office Now Open
Elevate Estate, a residential land development located in Ormeau Hills is being developed by CFMG Capital via the Land & Opportunity Fund.
Around the Grounds – South East Queensland Construction Updates
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.
Investing in Property – A Numbers Game
With the recent upswing of the Australian property market, more investors are looking at property as a vehicle to excel their investment portfolio.
Thirst for Yield Based Investment Set to Intensify
Australian investors, particularly SMSF Trustees will continue their growing thirst for yield based investment opportunities as official interest rates have continued to fall. This trend is set to follow those in foreign investment markets where low rates have impacted conservative investors with a high cash concentration.