Midas Exclusive Forum
on Budget, Market and Lending

Thank you to all our Midas clients and friends who attended our exclusive conversation last Saturday at the Emporium Hotel. We are glad to see all those who attended found the information as valuable as we did. For those of you who were unable to attend, here is a quick summary of the day’s events:

Councillor Julian Simmonds

Brisbane City Council

Our first key speaker was the Chairman of the City Planning Committee for Brisbane, Councillor Julian Simmonds. He confirmed why Brisbane is the fastest growing mature city in the world, due to all the exciting current and future infrastructure projects such as the new Parallel Runway (Brisbane Airport), Howard Smith Wharves, Legacy Way, Queen’s Wharf Precinct, Cross-River Rail and other projects. Cr. Simmonds also shared his goals and plans as to how he was going to make Brisbane a more attractive city in the near future.

Malcolm Aikman

DIRECTOR

The following speaker was Malcolm Aikman, the national director of residential economics, economics & market research for Urbis. Malcolm shared some great insights into the current Australian capital city property market with a particular focus on Brisbane, addressed the concept of oversupply in the apartment market, analysed the Brisbane apartment rental market demand, and highlighted the improvements to the Bowen Hills Catchment area.

Carolyn Jean-Baptiste

Multi-award winning Mortgage Broker Carolyn Jean-Baptiste, who provided a great analysis of the current property market based on mortgage demand and her predictions on where the interest rates were headed. Finally, Carolyn demonstrated how to use equity to finance an investment and shared key lending tips when buying off-the-plan.

Topics

In a panel discussion we addressed hot topics regarding the property market, budget, and lending policies. Carolyn addressed the status of foreign investor loans, and shared her thoughts on how long she believed the major bank’s restrictive foreign lending regimes would last. Malcolm provided his opinion on the government’s recent 3% transfer duty surcharge to foreign buyers, and the benefits of the new $20,000.00 boost for first home-owners buying newly constructed properties. Midas founder Yoyo Chen shared her advice on how to build a sustainable portfolio in the long term. Finally, we were so excited to share our exclusive project in Bowen Hills to our investors who were able to meet the CEO of Rise Projects, Mr. Daniel Pszczonka.

We at Midas pride ourselves on keeping investors up to date with key market information, and were glad to see so many new and existing faces at our event.For further information on any of the above, please feel free to get in touch with us to discuss.

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