There has been a recent avalanche of capital directed at property investment as the FY 18/19 comes to a close, with a multi-billion dollar capital inflow astonishing onlookers, and there seems no end in sight as big players join the party on a daily basis.
Three members of the CFMG Capital team travelled to Melbourne last week for the SMSF Association SMSF + Investor Expo, where over 1,000 attendees came through the doors of the Melbourne Convention & Exhibition Centre to speak with more than 30 exhibitors and listen to presentations from industry professionals and investment experts.
A recent article in the Australian Financial Review quotes JP Morgan as predicting the official cash rate to fall to 0.5% inside the next 12 months. Financial markets are already pricing in a 25 basis point reduction on Tuesday, and two more of the same prior to Christmas.
Well another election has come and gone, and no matter what side of the fence you sit – you’re probably pretty glad its over so we can all get on with it!
Zoning rules, combined with under-utilised property in prime locations, housing affordability and the requirement to build at a higher density in sub prime locations away from existing infrastructure are creating sub optimal housing outcomes across multiple Australian cities.
During April, some important milestones were reached at CFMG Capital when we welcomed our 1,000th investor and even more impressive, we had one of our initial investors invest in their 10th project.
For the second year running, CFMG Capital Managing Director Scott Watson will join other local leaders and sleep outside as part of an eye-opening experience to raise awareness and bring home the realities of homelessness.
The UDIA’s latest state of the Land report shows the supply of greenfield housing lots on Australia’s east coast in 2018 fell to 5 year lows.
“Turn the lights off on the way out the door” is exactly what Macquarie Bank did recently when they were the final bank in Australia to stop lending to SMSFs for the purposes of purchasing residential property.
Middleton Park II, as the name suggests, is the extension of an existing CFMG Capital residential development delivered by the fund and thus enjoys the benefits of being a proven project. The site lies immediately adjacent to the existing 150 lot Middleton Park development and will create an additional 186 allotments to form a 336 lot residential community.
