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The first
quarter has now passed with many tribulations, negative and positive
news. Regular readers of this newsletter would know that I have been
promoting the fact that, in relation to supply and demand, there is a need
for exceptional rental properties in the right areas – now statistics and
reports are backing up what I have said. I have
always, and will remain, the biggest advocate for property investment; the
wealthiest people in the world cannot be wrong; can they? Please
ensure you take action and contact your consultant to conduct your
twelve to eighteen month review – we all need to ensure we keep on track. Call Have a fabulous next quarter. Nasser Mashni CEO A considerable gap that
exists between housing supply and demand
This is
the most recent headline from the REIV: April 18 2009. The article
covers the fact that the National Housing Supply Council report
highlighted the considerable gap that exists between housing supply and
demand; which is something we at AFPS have been saying for quite some time. The report goes
on to say that there are a number of factors in the current market that could
combine to constrain the rate of development of new housing:- ·
Current economic
conditions are tightening the credit for the housing industry ·
Projects that
would increase supply are being deferred ·
High land and
construction costs; causing a lack of new supply particularly in areas with
strong demand. ·
Planning, zoning,
subdivision and development approval processes are often lengthy, and are a
major continuing constraint on supply. The REIV believes
that to overcome these issues, a coordinated approach by federal, state and
local government is required. For us as investors this means there is a high
demand for rental property. Who does not have Personal Insurance? - Life Insurance or
Income protection?
Now we could
write some extremely sad tales – some unfortunately that have happened to our
very own clients. Fortunately, they had insurance. Please do not be
left out in the cold should God forbid something happen – give Mike Townshend
a call today. He can assess your
personal situation and advise what could work for you. Remember Income
Protection is 100% tax deductable. To contact Mike Townshend, either call our
office on 9815 3922 or contact Mike direct on 0400 103 868. A BIG THANK YOU
A BIG THANK YOU to all of our clients who are our biggest advocates
by sharing AFPS and what we do with their family and friends. Remember,
immediate family does not pay a brokerage fee and when they become a client
of ours, you receive a $300 cheque, voucher
or gift. Thanks again to
each and every one of you. |
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Website | Contact Us © AFPS | Australian Property + Finance Solutions Suite One, 260 Auburn Road, Hawthorn, Vic 3122 Tel: (03) 9815 3922 |
