Hey guys,

Just a quick update to fill you in on where our Toronto deal is at.

As you may know, on January 15th we settled on this amazing deal in Toronto NSW.

The site is for 17 townhouses of which 10 have already been built. The site has not been under construction for 2 years. We have confirmed with the original Architect who handled the original Construction Certificate (CC), that they are willing to stay on as consultants. We have also confirmed this with the Engineer and Private Certifier so we are off to a good start.

Our builder Tony is on site this week completing a detailed inspection report of the existing units and firming up construction estimates for the project. A full Building schedule will also be completed and we feel we are still on track with our original estimates.

This goes to show if you see a stopped development site, where construction is no longer in progress, always look into why it has stopped. There could be a very good reason and you never know you may come across a good valuable site and at the same time be helping someone out who may be having difficulty completing it.

Cheers
Carly

Hey guys, well I’ve just been reading an article where an RBA official has reported that Australia is facing an undersupply of housing!

However Queensland reports a vacancy rate of 3.8% in their housing which does not confirm what the RBA official has advised, so what does this mean?

As a whole Australia does have a shortage in housing, however if you were to look at this in a micro research and breakdown where the shortage is, you will soon realise that certain areas of Australia have an undersupply of housing, and some areas are still coping well and do not have an undersupply, these are the areas where demand for housing is much less.

As investors the best thing for people to do when investing in property is to look at the rental demand in the area, find out where people want to live, find out how much people can afford to live in that area and purchase an investment property to cater for that need. It’s not about us as investors, it’s about tenants and their needs.

Keep in the loop about what is going on in your area or the area you want to invest in. This is the best way to make sure your investment will be a profitable one with a small amount of risk. Have a chat to one of our investment property consultants at CProperty on 9371 4799 and arrange a free consultation or check out www.cproperty.com.au