News & Trends
The Principal Founder BONNICI&ASSOCIATES
The established firm of B&A's
has more than 30 years experiemce across all aspects of the construction industry.
This experience has provided precious insight into the components that are necessary for a successful development.
Bonnici & Associates
107 Cronulla st
PO Box 36 Cronulla Street
Cronulla NSW 2230
Much media attention recently has been given to the potential collapse of the Sydney property market. Although our firm are not convinced with these predictions certain strategies have been initiated to protect the firm against such circumstances.
Firstly we believe that a tailored quality development in an area with genuine consumer demand will endure the property correction.
Secondly we have commenced targeting offshore investors in line with FIRB guidelines and sourcing areas of growth especially in mining sectors and in Queensland.
The implementation of these strategies and the continued adherence to the firms philosophy and mission statement is designed to keep the future for Bonnici & Associates secure.
How to Start Investing in Property
Posted May 24th, 2013 and last modified May 29th, 2013
There are many different types of investment for people to choose from if they want to try and make the most of their money but one of the most popular forms of investment is in property.
Many people are interested in finding a form of financial investment that really works for them and gives them the chance to make big money over the long term, and for many, property investment is the obvious answer. Of course, like any other form of investment, property investment comes with no guarantees. However, it is a far safer and often more lucrative option than many other forms of investment and there are many investors and property buyers who have reaped the financial benefits of having put their money into property.
Buying a home seen as a must by many
Author: Colin Brinsden, AAP Economics Correspondent Source: AAP
Rising rents are a key motivation for people looking to buy their first home and most still see property ownership as a financial asset to set them up for the future.
A survey of people who intend to buy their first home in the next two years found 67 per cent believe getting a foot on the property ladder is a must, while 51 per cent also think rising rents make home ownership more attractive,
However, more than one in ten potential buyers would give up on their dream if interest rates rise by another 0.5 percentage points, the survey commissioned by home loan broker Mortgage Choice shows.
"Bricks and mortar is still an attractive investment option for a diverse range of Australians," Mortgage Choice spokesperson Kristy Sheppard said, releasing the survey results on Thursday.
She said this is being pushed along by rising rental costs and an ongoing "squeeze" in rental vacancy rates.
Around a third of the 1013 respondents expect to end up with a mortgage of between $300,001 to $400,000, while eight per cent will be looking for a loan of more than $500,000.
Article excerpt from:
Townsville economy best in regional Australia
MARTIN RASINI |
NORTH Queensland is about to become the talk of the nation after leading property figures yesterday rated Townsville as Australia's leading regional economic powerhouse.
This is the verdict of Terry Ryder, the founder of hotspotting.com.au, a popular website that identifies hot property locations and an expert who writes for The Australian.
``I rank Townsville as the sturdiest regional economy in Australia,'' is his comment in promoting the city as an urban centre with a big future.
Townsville market ready to boom
Date released: 11/07/2009
Despite the slowing national economy and interest rate rises, Townsville property market is on the verge of a boom, according to RE/MAX Excellence.
BIS Shrapnel’s Residential Property Prospects 2009 to 2011 report indicates that Brisbane should have median price increases of about 22% over the next three years.
RE/MAX Excellence agents Lyn Griffiths and Rohan Banning said a positive forecast for Brisbane property prices was a sign of good times to come for Townsville.
Ms Griffiths explained that Townsville’s real estate market had generally lagged trends in Brisbane by about 12 months.
“Townsville’s property market has softened after more than six years of growth but we believe this is the calm before the next boom,” she said.
“We firmly believe the next 12 to 18 months will provide a real window of opportunity for buyers to get in on the ground floor before the next wave of price rises.
Ms Griffiths went on to say that it is fairly safe to say that Townsville’s property market will not be getting much cheaper in the future.
Mr Banning said that while Townsville has been largely sheltered from national market conditions, any price rises down south would make Townsville real estate more attractive.
“While prices have risen dramatically in Townsville, our property market is still considered relatively affordable in the Queensland and national market,”
Mr Banning said, adding that Townsville’s population is increasing by the thousands each year, with many of them drawn by work opportunities or a change in lifestyle.
“If property prices continue to rise nationally, Townsville will become attractive to people who want an affordable entry point in the housing market.”
- By Ernest Chan -