How did Easter treat you? I live in Emerald, Queensland and had a friend staying with me and it was good to see Emerald through her eyes.
We attended a function at our fabulous Emerald Art Gallery last Thursday where our Sunflower Queen candidates made their speeches and people were able to see our current exhibition of paintings, wall hangings, sculptures etc. We also attended many other events. My friend was pleasantly surprised at how much Emerald has to offer.
I am the current President of the Emerald Art Gallery and it is a real honour. I know little about art, but we have a very proactive committee of local business people that are really making an effort to use our Art Gallery to showcase and promote the region.
The gallery is open during business hours and if anyone is interested in becoming a friend of Emerald Art Gallery, there are applications forms near the comments book at the entry and also online.
And now to a question from a reader
What area of Brisbane am I now suggesting my clients invest in and can I give an example of prices, cost of repayments etc.?
I am currently putting all my clients into a new estate called North Harbour.
North Harbour is only 8kms north of North Lakes (my previous estate) with direct access to the freeway and when the Marina is built, access to Moreton Bay.
I bought land in stage one at North Harbour in January 2015 when it was only a paddock with survey pegs. That first stage was completed in November last year and they are already selling stage seven. It is a real hive of activity and is going to be a huge success.
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Now for some sample figures
Let us take the fabulous five-bedroom executive home I have at North Harbour Brisbane for $497,950. Apart from a $5,000 deposit on the land, we borrow 100% including stamp duty, legal etc. and this house will rent for $480 per week. For someone in the $80-$180K tax bracket and paying it off Principle & Interest (P&I) over 30 years, only $158 per week or $116 if in the $180K plus tax bracket.
Or, they could do interest only in arrears at 4.48%.
How much would they need to contribute each week if they did interest only in arrears?
Nothing.
They would actually have a surplus, but remember the fellow contributing $158 per week will have paid $8,000 off his loan.
We have a variety of rates and terms available for residential investment, and the best deal at the moment is 4.19% P&I, locked in for 2 years.
Interested in enquiring about investing in property and would like to know ‘how it works’? Please contact our office to schedule a free, no obligation consultation and find out if our service is suitable to your needs.
Steve Taylor
At the helm of Steve Taylor & Partners, Steve Taylor has been delivering expert advice and product knowledge to clients for over 30 years. Steve Taylor & Partners provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.
DISCLAIMER
Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the subject being discussed.
