PWF in Toowong | Property

PWF

Locality: Toowong

Phone: +61 7 3859 6500

Address: 54 Sherwood Road 4066 Toowong, QLD, Australia

Website: http://www.pwf.com.au

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• Property investment firm
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24.01.2022 Working From Home - During the peak of the pandemic, Queenslanders swapped the office for their living rooms. Working from home is tipped to continue on a large scale into 2021. Thus, making properties in lifestyle destinations more desirable. ... Coastal Lifestyle - An emerging trend in this post-pandemic world is finding consumers swapping their lifestyle choices from city the city, and the Queensland coastal region is looking to take advantage of this. Interstate Demand - Interest in Queensland from Victoria and New South Wales is likely to extend throughout 2021. With more affordable housing options and a win on the health front will likely see interstate migration continue. Rental Boom - Landlords will continue to benefit from a strong rental property boom as a supply shortage continues to rise prices. Through the second half of 2020, Queensland’s vacancy rates tightened significantly, which has put upwards pressure on rent prices.

24.01.2022 COVID ACCELERATES HOME OWNERSHIP INTENTIONS ----------------------------------------------------------------- The coronavirus pandemic has fast-tracked the home buying intentions of young Australians.... A recent study revealed that 45% of the respondents are more likely to buy a home due to the COVID-19 pandemic. The study also found 86% of respondents had changed their spending behaviour since the pandemic and the majority intend to maintain that. Saving money is now rated as the highest priority for young people. Reducing spending, contributing more to savings accounts and applying for the first home buyer government grants were the most common traits to buy a house sooner.

24.01.2022 What's Up With Land in Brisbane? Brisbane is set to become a property investment hotspot next year, as demand for land continues to swell. Increased demand for land is evident across the Brisbane market. The strong interest helps support the price of land, particularly in the growth corridors.... An extension to the builders grant, interest rate fluctuations and availability of stock are several factors that will influence the confidence of potential buyers and investors in the city. Backed by Property Investment Professionals of Australia, Brisbane is poised to become the best capital city for investment over the next year. A large contributor that continues to uplift sentiment in Brisbane is the strong interstate migration to Queensland. The low-interest rate environment is also a significant factor. The relatively cheap costs of borrowing money have provided an opportunity for many would-be buyers to break into the market.

23.01.2022 Over the past 12 months, house rentals in most capitals have flourished. House rents are at. a record high following the steepest gain in just over a decade. On the other hand unit rentals have suffered the steepest annual decline on recrod. ~ Brisbane ~ House: $425 (+2.4%) Unit: $400 (+1.3%)... It is now more expensive to rent a unit in Brisbane than Melbounre as house and unit rents reached record highs in the lifestyle locations of the Sunshine Coast and Gold Coast as more Aussies move north.

23.01.2022 ANZ economists have significantly revised house price forecasts from a bearish 10 per cent decline to a 9 per cent lift in 2021. The counterweight of low rates and government stimulus has flowed through to housing construction, approvals and sentiment. The peak-to-trough decline will be limited to 2 per cent, with Perth set to benefit from a 12 per cent lift as Brisbane and Hobart follow with gains of more than 9 per cent now forecast. The view that house prices would decline... around 10 per cent, peak-to-trough, has proven too pessimistic: low rates have trumped factors like elevated unemployment and low population growth. Stagnant population growth will continue to weigh on demand and place downward pressure on prices, however the RBA’s latest rate cut has proven a heavier offsetting factor as debt serviceability hits 20-year highs. ANZ’s latest housing market update comes as auction clearance rates hit 75 per cent across all capital city markets over the weekend.

17.01.2022 Queensland Rushes to Meet Land Demand A new planning taskforce has one month to deliver a pilot site and unlock land suitable for residential development in south-east Queensland. Minister for planning Steven Miles announced the taskforce at the Urban Development Institute of Australia’s SEQ Growth Forum. ... The specialist growth areas delivery team will ensure the state can keep up with population growth, demand for affordable housing and infrastructure. I’ve tasked them with choosing one pilot growth area between now and the end of the month to work on integrated planning so we can get new stock on to the market, as fast as we possibly can, Miles said. The planning minister said along with selecting land, the taskforce would identify infrastructure required and report to council. Queensland’s population is booming, and I want to ensure our government and local councils can keep up with the increase in demand for land, housing and the supporting infrastructure that comes with it, Miles said.

16.01.2022 As COVID-19 sent the world's economy into a downwards spiral, real estate remained resilient, ultimately emerging as one of the most in-demand job markets in Australia. Currently the top in-demand jobs are mortgage brokers, real estate specialists, new home sales specialists and real estate agents. The growing attractiveness of the property industry is no surprise given the predicted property boom, with all signs pointing to an extraordinary strong year. ... Figures released by the Australian Bureau of Statistics earlier this month revealed a surge in loan commitments for investor housing, with a 6% monthly increase and 3.9% yearly growth in November.

15.01.2022 Tune in with Tim, and engage with his thought on properties with rental guarantees!!

15.01.2022 The COVID-19 pandemic has exposed just how financially vulnerable many Australians are. This pandemic has opened the eyes of many Australians to the importance of protecting their finances from economic disruptions. Many Australians believe that they will never be able to afford to buy their own home. However, with the right mindset and strategy, a financially stable future through the purchase of investment properties can be achieved by anyone. Step 1: Know Your WHY!! To att...ain financial freedom within your property portfolio, you need to have a clear vision of where you are heading and a strong plan to make the vision a reality. Step 2: Determine Your Strategy Knowing where, when and what to buy will give you the upper hand in maximising your return from your investment. Buying a random property and waiting for it to grow will not work. A property must generate equity and create cashflow in order to attain your goals. Step 3: Mitigate Risk The importance of finding a good location when buying a property cannot be stressed enough. Properties need to be purchased in areas that contain all the fundamentals for strong growth. Areas near universities, hospitals, school catchment zones and areas with a higher than median income for the city to name a few. Step 4: Be in Control of the Market Buy a property where value can be added to it, for example a lot that can be subdivided. Regardless of where the market goes you have still generated your own capital growth. These 3 schemes should be followed when purchasing an investment property - organic capital growth, instant equity and positive cashflow. Step 5: Positive Gearing and Cashflow Avoid negative gearing, PERIOD! Negative gearing will keep you in your job. Having a passive income generated from your portfolio will give you the choice of freedom for the rest of your life. Step 6: Avoid Overcapitalising Following these tips will create financial freedom for anyone, regardless of their current financial situation. However, investors also need to focus on when to 'exit'. Knowing what properties to buy, what strategy to use, how long to hold on to it for, when and at what point to sell them will help achieve the ultimate goal of financial freedom.

14.01.2022 Building Approvals At Two Decade High!!! Approvals to build new houses continue to run at two-decade highs, recording a rise of 55.6% over the year. Spurred by the cheapest money on record and generous government incentives, applications for new detached houses rose at their fastest pace in almost 20 years.... The total value of new loan commitments for housing hit $24 billion in November, a rise of 5.6% from October and 23.7% higher than last year.

13.01.2022 Rising employment across Australia could spur investor confidence and further boost the already strong house prices. Latest figures from the ABS found that employment has successfully recovered to pre-COVID levels nationally. With capital city housing markets already seeing stronger buyer demand and rising prices, the employment growth could further enhance housing affordability and confidence.

11.01.2022 Property markets across Australia are beginning to show signs of positive growth but Melbourne and Sydney continue to drag down the national index amid the coronavirus downturn. All major cities except Melbourne and Sydney recorded a. rise in value. It was noted that the virus crisis was showing signs of dissipating for the sector as consumer confidence increases and new listings rise. Brisbane, Perth, Hobart and Canberra all rose between 0.2% and 0.5% but the national index... fell 0.1% in September, weighed down by the two biggest markets. Sydney values dropped 0.3% in September, But unsurprisingly, Melbourne fared worst of them all recording a 0.9% drop. The aggregate effect of low mortgage rents, and the prospect that rates called fall further, low stock levels, government incentives and improving consumer sentiment seems to be outweighing the negative economic shocks.

08.01.2022 Too many investors are falling in love with the look of a property instead of treating it like a business, in which they carefully weigh up the pro's and cons. The single most important factor to consider when buying an investment property is the actual land the property is located on, given its power to generate superior capital growth. #investmentproperty #investment #opportunity #wealthcreation

07.01.2022 Brisbane’s real estate market continues to prove its resilience, despite the COVID-19 shock. While the long-awaited lift in the housing market throughout 2019 and 2020 has definitely slowed down, Brisbane still looks better placed to weather the storm, compared to other capital cities around the nation. Factors like Brisbane being less exposed to the chock pause in tourism, Queensland’s population steadily rising, sales turnover in real estate has jumped 22% in May (in Que...ensland) but despite this, sales volumes are still some 30% lower than the equivalent period last year in Brisbane, which is contributing to a supply-demand imbalance and tilting the market in favour of sellers. Buyer demand is strong, driven largely by owner occupiers and also first home buyers. Although, investor enquiry is starting to pick up. With major infrastructure projects already underway, the Brisbane City council has pushed forward projects such as the new river crossing, all good news for the region. Brisbane offers affordability, liveability, quality schools, great lifestyle and good future economic prospects. These factors all drive the demand for quality properties. With the current imbalance between supply and demand, the future does look bright despite what is going on around us. For those with a long-term horizon, it might be time to think about preparing to get into the market.

06.01.2022 Meet The Team - Episode #3

06.01.2022 With the end of financial year fast approaching, property investors are being urged to look into depreciation or risk losing thousands. Research has found 12% of property owners fail to claim depreciation schedules as part of their tax return, despite it being the second largest tax deduction available for investment property owners. Depreciation is the natural wear and tear of property and assets over time. Property depreciation isn't the same as other tax deductions. Investors don't need to spend any money to claim it, which is why it's easily missed.

06.01.2022 Despite the affects of a lockdown and an election, New Zealand property is moving from strength to strength, with the Australian market tipped to follow. Record low interest rates, consumer. confidence and disposable income usually reserved for travel are helping influence the property market in New Zealand. Commentary about the impact of low interest rates, removal of loan-to-value ratio restrictions and people having fears of being priced out in the future are major driving... factors for the 14% rise in New Zealand house prices over the last 12 months. New Zealand has a high level of confidence given how they handled COVID-19 compared to the rest of the world, while investors and owner-occupiers are confident to enter the market, they are facing a shortage of supply which is helping drive up the prices of property in New Zealand. If it is brought back to an Australian perspective. Does Australia have low-interest rates? Yes, ours are lower. Australia has better loan-to-value ratios, offering up to 90 to 95 LVR's, which is getting stronger because of government support for first home buyers. Do we have low supply? Overall, Australia does with building approvals dropping substantially over the last few years. The only difference is that fully across New Zealand there's an increased level of sentiment due to the handling of the COVID-19 pandemic, Australia has increased levels of sentiment but not to the extent of New Zealand's. If the government can successfully handle future outbreaks of COVID-19, then Australia's market could follow the path of New Zealand's.

04.01.2022 The Domain Buyer Demand Indicator has revealed both houses and apartments in the outer suburbs of Sydney, Melbourne, Brisbane and Perth were the highest demanded properties for those cities for the month up to September 6th. Consumers are starting to adapt to the new norm that is COVID-19, with working from home making living near the office less crucial in CBD’s. Not only is buying activity in the capital regions changing, so is the rental market, with consumers also lookin...g at regional and outer suburb areas. While some capital CBD markets are recording double-digit rental vacancy rates, renters hunting in regional areas are facing slim pickings. This is leading to outer suburbs and regional areas having a spike in growth. The vacancy rate in Queensland’s Ipswich plummeted from 2.1 per cent in March to 0.9 per cent in August, the lowest it has been in the area since 2005. This shift towards regional living continues at pace, largely influenced by higher inner-city rental vacancy rates. It can be suspected that there will be a degree of permanency with the large population shift.

04.01.2022 Meet The Team - Episode #1

02.01.2022 Australia just became one of the top 10 countries to buy real estate in with inbound investments to increase sharply in 2021. Australia's rapidly recovering economy and geographical isolation are the main reasons international buyers are interested in the market. Research shows that real estate investors are confident about 2021, and recent positive announcements about the availability of a vaccine could certainly accelerate the recovery, boost sentiment and help cross-border investments to flow again as more countries in AsiaPacific open their borders.

01.01.2022 Despite national commentary showing properties have fallen due to the COVID-19 pandemic, investors who look beyond the national figures and focus on the micro will be successful. PWF encourages investors to enter the market, our reasoning is that we believe history could repeat itself from the last major fall. During 2017-2019, when the property figures nationally were grim, but many examples can be sourced where property investors bought in locations during that massive dec...line and found that these purchases have climbed 30 -45%. It is important for buyers to remember that people who comment on national data are only doing so to capture maximum audience in one conversation. It is impossible for any national media, market commentary, chief economist or the RBA to take the whole day to update every LGA in the country. Instead of focusing on the national figures, find stronger-performing regions, and this should be the move for other investors. For the investors at PWF, that work has already been done for them. However, when sourcing examples of these scenarios it was brought to attention that investors need to be quick with their purchasing. When looking at buying an asset people are looking at the headlines, from there a deal can be executed with very little competition fluctuating the price.

01.01.2022 New City of Hope For North of Brisbane Vacant land north of Brisbane will be developed into a new district about the size of Bundaberg as part of a planning experiment by the state government. Caboolture West in Moreton Bay has been picked as the pilot site of a strategy to ensure infrastructure can keep pace with population growth and housing demand in south-east Queensland. ... By the end of the strategy 30,000 homes are expected to be built to accomodate for about 70,000 people. Caboolture West will ultimately be a major regional urban centre that will support 17,000 jobs and have many social benefits including new health and education centres as well as sports and recreation facilities.