CFMG Capital achieved title registration at two separate projects in South East Queensland in recent weeks, after the single stage 57 lot residential community known as Oakland Pocket in Morayfield completed early in the month. Meanwhile, on the south side – the 75 lot Stage 1 plan, as part of the larger 336 Lot Logan Reserve development known as Middleton Park also achieved title registration.
Given over 85% of the investments in the CFMG Capital investment opportunities have come via SMSF Trustees, it was a natural progression to take part in this industry event, taking the opportunity to enhance technical knowledge, assess various service opportunities and provide education to industry stakeholders about the CFMG Land & Opportunity Fund.
With the housing market cooling off in the two major Australian capitals, we can probably expect some finger pointing from both sides of politics, likely at each other, at APRA, at the banks and anywhere else they feel some political capital can be gained! The incumbent Government appears more focussed on issues other than the property market, and want a non-interventionist approach, while the opposition seem intent on shaking things up.
While the fallout for the banks in terms of public relations and enhanced scrutiny thanks to underwhelming performances on the stand from senior figures and a myriad of allegations and confirmed misconduct will be long lasting, if anything from a structural and penal point of view, they seem relatively unscathed compared to the untold damage likely to be done to a swathe of small business should some of the recommendations of the report be upheld.
CFMG Capital have now completed the acquisition of the 6.4ha site that will become Lomandra Park, Bridgeman Downs. The site was contractually secured in 2017 and after a development application process during 2018, the $37million development was approved by Brisbane City Council prior to Christmas, allowing CFMG Capital to commence the settlement process.