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10th March 2010                                                

Announcing New Services!

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Over the past six and a half years we have surveyed every client after we have completed a purchase.  Part of the survey asks for suggestions about how we can improve our services. 
Our clients have given us a very clear message that they would like to see us provide holistic integrated services that will look after your needs from start to finish.
In response to this feedback, in 2008 we introduced Finance Broking.
I am proud to announce that after 2 years of hard work, research and testing we now offer Asset Management and Divestment Advisory services.
So now the picture is complete - we will look after your property needs from start to finish.  We call this our Client for Life Philosophy.
Our new website will be live on Monday so take some time to explore all of our Property Advisory Services.
We look forward to continuing to offer you quality services across all of our services lines.

Meighan Hetherington
Director & Licensee

 

Client for Life Philosophy

 

 Spotlight on:  Asset Management

Property Asset Management Services

Whether you own one investment property or several, the performance of your Investment Portfolio is important.  As part of our Property Lifecycle Approach, the Property Asset Management Team makes a long-term commitment to our clients.

Asset Management is not like traditional property management.  It is a pro-active approach to maximising the returns from your investment properties in order to achieve your goals.

By selecting the right property in the Acquisition Phase, you will maximise your potential for capital appreciation.  By finding the right tenant for your property, our Property Asset Managers will ensure your investment is generating maximum rental returns.  By pro-actively reviewing your portfolio, you will ensure you are staying on track with your goals.  

Our unique Annual Portfolio Review will assess the performance of your property against your goals, review your lending arrangements and provide recommendations for improvements.

Call Natalie on 1300 72 66 04 or +61 7 311 88 565 to talk about how to maximise your potential from your investment properties.

Market Update

It Looks like the country is once again in the grip of "property fever" and Brisbane is no exception.  Classic symptoms include:

  • More willing buyers than sellers (demand higher exceeding supply)
  • A return of investors to the market (up from a low point of 19% of our client base in the first quarter of 2009 to 45% in 2010)
  • Properties selling within days of listing (decreasing days on market)
  • Buyers missing out of several properties and then paying over market rate to secure any property so that they don't miss out, some properties selling at prices over the initial asking price (prices rising)
  • Multiple offers on properties and an increase in the number of properties being advertised for sale by public auction (increased competition between buyers)

We last witnessed this type of buyer activity in 2007 when buyers scambled to ensure they did not get left behind by rapidly rising prices. 
The question on everyone's mind is:  Can this be sustained in the face of rising interest rates?  Interest rates rose 25 points last Tuesday and finance experts are also tipping further increases are on the horizon.  Buyer's don't seem to be find these interest rate rises worrying.  Our buyer's are telling us that they allowing a large buffer in their budgeting in case interest rates go up to 10%.  Quite sensible.  Interest rate rises will continue to be used as a tool for controlling the prospect of higher inflation from strong consumer spending and improved business sentiment.
Don't be disheartened by the current "property fever".  The prognosis is positive and buyers can maintain control. 
The key to this market is to ensure that you are in front of the other buyers and don't feel pressured by the market.  You need to ensure that you are the one who sees the property first and then ensure you are in a position to get the first opportunity to purchase.  Waiting until Saturday's open house is only going to put you in competition with dozens of other buyers.
The good news is that you can do this without taking time off work or putting your life on hold!  While you, and the rest of the buyers are at work during the week, you can place yourself ahead of the pack by putting us to work for you. 
Call our advisors to put your purchasing plans into action - 1300 72 66 04. 

Events

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Foxtel Interview:  Meighan has been invited to join the expert panel on Sky News Channel - 'Your Money, Your Call' with Chris Gray on Friday even 12th March 2010 from 8.00pm - 9.00pm AEDT (7pm - 8pm Brisbane time). 
Tune in Friday night, catch the replays over the weekend or download the pod cast from Sky Business Channel

The Great Debate:  In what will no doubt be a fun evening, Meighan will again be debating 'Shares versus Property' this year on Wednesday 17th March in Brisbane.   If you aren't in Brisbane you can also watch the live stream online.  
To attend or receive the online details please phone or email Nicole for your invitation
t:  07 31188565
e:  nicole@propertypursuit.com.au 

REIQ Awards for Excellence:  We were honoured to be awarded the REIQ Buyers Agent of the Year 2010 on Friday 12th February 2010 for the third successive year.  These awards are independently judged and based on criteria including Innovation, Contribution to the Industry, Risk Management, overcoming Business Challenges and Client Service. 

  T: 1300 726604 in Australia      or     +61 7 311 88 565          
e:
enquiries@propertypursuit.com.au    F:  +61 7 311 88 568
Level 1, 208 Given Tce
Paddington QLD 4064 Australia
 

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