Kawana Waters – Sunshine Coast

Many of you have probably never heard of Kawana Waters located on the Sunshine Coast between Mooloolaba and Caloundra. Kawana Waters is a beachside town just under 1 hours drive north from Brisbane.

Some quick facts on the Sunshine Coast include:

• Population of Sunshine Coast (2008): 303,000 approx
• Population of Sunshine Coast (2031): 501,179 Estimated Forecast
• Annual Regional Population Growth rate (2008): 2.9%
• Proposed Government Infrastructure spend in region: $18.2billion (2008 – 2026)
• Median Age Group: 41 years
• Average Household Size: 2.5 people per dwelling

Lake Kawana is the centre of the major development in the Kawana Waters region. This lake is the centre piece of the Kawana Town Centre Development. It stretches over 2.5km in length and has become a popular destination for water based sports such as rowing, kayaking and canoeing. Surrounding the lake are over 8km of walking paths and bike tracks.

Major infrastructure planned for the Kawana Waters Region includes:

• Stockland’s Kawana Waters Town Centre – mixed use retail and commercial precinct
• Sunshine Coast University Hospital ($1.21billion – State Government Project)
• CAMCOS Rail Link to Brisbane rail network including transit station within the Kawana Town Centre – State Government Project
• Multi Model Transport Corridor (MMTC) project ($1 billion road infrastructure linking existing road networks North to Sunshine Motorway and South to Bruce Hwy – State Government Project
• Coast Connect Project – Rapid Bus network linking Kawana Town Centre to broader Sunshine Coast community – State and Local Government Project

Click to see new projects on the Sunshine Coast, QLD.

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The NSW Government has surprised the market with a NSW stamp duty cut for  property investors and home buyers. The NSW Government has announced in the budget today that home buyers (not first home buyers) and investors will be entitled to a 50% discount on NSW Stamp Duty costs for new property purchasers under $600,000. It is interesting to note that about 80% of NSW properties for sale are sold under $600,000. First Home Buyers don’t pay stamp duty for homes under $500,000 and there is a sliding scale up to $600,000 where the full rate is applicable.

The discount provided by the Reese Government is only available to 31st December 2009 and only for brand new homes including new apartments, new townhouses & new house and land packages. It is also available for those properties that have never been occupied or sold previously as well as for off the plan NSW purchases – the short time frame hoping to encourage home buyers and investors to move into the property market before the end of the year.

According to the NSW Treasury, 90% of First Home Buyers have been buying established property, so the additional boost is to help developers with the new stock that is currently being marketed.

First home buyers will now also receive an extra $3,000 for the purchase of newly-constructed homes until June 30 in 2010. First Home Buyers can now receive a total of $41,990 in grants and stamp duty cuts!

The downside I see to this stimulus is that it ends at the same time as the boosted First Home Buyers Grant, at the end of December 2009. What this means is that the market may become over stimulated during the next 6 months and take a hard fall when both stimulus packages are removed at the same time. It would have been smarter for the NSW Government to have an overlap of at least 6 months allowing the stimulus to carry us through to mid next year and encouraging further development which is so desperately needed in NSW.

It will be interesting to see how the cut to the NSW stamp duty plays out in the media and the markets over the next 6 months.

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Home Buyers Show Brisbane

Brisbane Property Expo on 13th and 14th June 2009 at the Brisbane Exhibition Centre. Perfect for property investors and home buyers.

Find Investment Property is excited to announce that we will be participating at the upcoming Home Buyer Show at the Brisbane Exhibition Centre on Saturday 13 and Sunday 13 June. It is the only major event in Australia dedicated to helping people actually buy or sell a new or established home or apartment whether as a primary residence or investment property.

The dream of home ownership is alive and well in Australia, and with interest rates at record lows, property prices cooling, substantial Government grants still available and a strong rental market, home buyers and property investors are returning to the market in large numbers.

Now more than ever, home buyers and investors need to do their research, understand market conditions, and have access to all the right independent advice from reliable sources to make informed buying decisions to enable them to get on the right path to the right property.

The Home Buyer Show will provide first, second and third time property buyers with all the information they need to help discover the smart way to finance, find and buy a home or investment property – direct from the experts.

Some of the major show highlights include:

• Free seminars from Australia’s leading property and finance experts in government and industry associations
• Master Builders Zone – Master Builders members, Queensland’s leading building services companies, will be showcasing a wide range of new homes, display villages and house & land packages.
• Property Investor Zone (sponsored by Find Investment Property)- educating property investors of all levels including all the latest investment properties for sale on the market today with loads of experts on hand to provide independent, impartial advice.
• Apartment Living Zone – showcasing some of the latest apartment, unit and townhouse developments in SE Queensland

As part of a special promotion, we are pleased to offer all of our clients, partners and friends unlimited $5 tickets to the Home Buyer Show which are normally $15. Simply visit the website www.homebuyershow.com.au and when purchasing tickets quote the special promotional code FIP.

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