Even though things may be slowing in Queensland and over in the West … the Melbourne CBD Office market seems to be travelling quite well.
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Earlier this week, I returned from a delightful holiday in Adelaide.

And in many respects, South Australia has been the poor relation when compared with the other mainland states.

New South Wales and Victoria have always shown solid momentum over the years. And lately, Queensland and Western Australia have enjoyed sudden wealth through their coal and iron ore exports.

According to the recent Property Council (PCA) report in the Financial Review (AFR) … the 6 months to June saw overall demand for offices fall around Australia — as business confidence has gradually waned throughout the world.
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This is how THE AGE (on 9 July) described a recent purchase, which I successfully put together for one of my interstate clients.

Negotiating from a $7.2 million reserve, down to a $6.4 million contract price … resulted in a saving of nearly $1 million.
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Finding good Investment Property under $1 million and close to the City … is becoming more and more difficult.

But I think I’ve come up with something worthwhile for you.

For the past few months, I have kept in touch with the Developers for a top site in Richmond, near Victoria Street.

And with construction for this Busness Park now just started, they’re allowing me to give my Clients an early shot a buying these Units.

The key thing for you is to have cash flow from “day one” — and I’ve managed to get that covered for you.

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Last Saturday, The Age ran a good editorial for the Auction this coming Friday of 371 Thompsons Road, North Geelong.

The property has strategic development potential. And the dedicated website sets out 3 Development Options in some detail.

Let’s know if you need any more details.

The various signals coming through on the economy are mixed. And we continue to hear more doom and gloom from the US.

Australia’s growth is likely to slow a little. However, on balance, we should now experience a soft landing — with the RBA saying this morning, that the rate rises may have done their job; and inflation looked as though it might have peaked.
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With all that has occurred recently as a result of the American Sub-Prime crisis … Property Investors are finding it hard to gauge the current market.

Some are preferring to “sit and wait”. Whereas, others are seeing it as an opportunity to secure a good deal … while the present confusion reigns.

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Yesterday’s interest rate increase by The Reserve Bank carries with it some hardship for the outer residential suburbs around Australia.

Curbing inflation is clearly the RBA’s main aim. And from their additional comments yesterday, we now have confirmation that Australia is effectively seen as being shielded from the turmoil in the US.
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You probably saw that the “Full House” notice went up yesterday for the Property Workshop.

But there is provision for you to go onto a Wait List, if you missed out on reserving your seat — because, invariably a few people will drop out between now and March.

PLUS, if you do put yourself on the Wait List BEFORE the end of January … I will still honour the early-bird rate of $797 for a seat.

However, if you wait-list yourself AFTER 30 January … then unfortunately, it will have to be at the full rate of $1,100.

So, make sure you don’t miss out for a second time.