CFMG Capital’s Trading Performance Set to Continue with Brisbane Tipped As Best Performing Housing Market

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CFMG Capital is on track for a record year of sales with a diversified portfolio of projects weighted towards Brisbane’s affordably priced housing market.

For the six months ending December 2017 CFMG Capital has already secured more than 200 sales across six separate projects – five in Queensland and one in Victoria.

CFMG Capital Managing Director Scott Watson said the group had experienced strong growth over the last 12 months with strategic exposure to the improving market in Brisbane.

“Through most of calendar year 2017 we saw significant spikes in both enquiry and ultimately sales, and as a result we were able to achieve incremental price growth across multiple projects without noticeable impact on sales rates,” he said.

“Particularly in the back half of 2017, there was a strong appetite for land registering in early 2018 which could attract a premium price.”

A recent article by CoreLogic reported that Brisbane is well placed to take over as the best performing capital city housing market over the next five years. The report noted that dwelling values across Australia’s third largest capital city have risen at the annual rate of 1.2% for the past decade (which is half the pace of inflation) and dramatically lower than Sydney or Melbourne where annual gains have averaged 6.3% and 5.9% over the past ten years.

It was reported that other key drivers for the Brisbane housing market are anticipated to be:

  • Households aren’t as affected by affordability in Brisbane as significantly as they are in the larger capitals;
  • There are a variety of economic and demographic factors that are likely to support improving market conditions across Brisbane including economic and demographic trends;
  • Population growth from both overseas and interstate is ramping up into Queensland, with the majority of this growth being experienced within the South East corner of the state;
  • The labour market is also strengthening across Queensland. Jobs growth across the state was the fastest of any state or territory.

Click here to view the full article by CoreLogic.

During 2017, CFMG Capital via its CFMG Land and Opportunity Fund brought three projects to market at Park Ridge, Logan Reserve and Morayfield in South East Queensland.

With fixed returns of 12% per annum (net of fees) and fixed investment terms ranging from 18 to 36 months, the CFMG Land and Opportunity Fund is proving to be a strong investment option for both excess cash and self-managed super fund trustees.

To find out more call 1800 862 058 or book into the next online information session.