SPRING EDITION 2011
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SPRING EDITION 2011 |
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THE TIMES THEY ARE ACHANGING! Dear [subscriber-firstname]Not only has the format of your favourite news letter changed, so has the current investment climate. We are presently burdened with a Federal Government that is virtually hamstrung on being able to produce any meaningful policy without upsetting some of their rather fragile support base, and in Queensland we have a State Government who are mainly concerned with delaying an election as long as possible, and are devoid of any policies or action. Their recent decision to give a $10,000 bonus to buyers of new property has slowed sales of used property to a crawl, and has done little to stimulate new sales. Policies appear to be made as a knee jerk reaction, with little thought to future ramifications. The missing ingredient is CONFIDENCE. Read more..... Lionel Morris LREA DipFP. lionel@wiseinvestment.com.au 
Bronwen Morris the Managing Director of Wise Realty. Bronwen is in charge of our staff, looks after the trust account, pays the owners twice a month, and looks after major queries to our office. Bronwen is noted in the industry for never taking short cuts, and by doing everything "by the book." Woe betide any staff member who tries to bury problems in their "bottom drawer!"Bronwen also looks after the arrears, pays our creditors, still finds the time to go weight training, shares her father's passionate support of the All Blacks and recently became a very youthful Grandmother. Lionel Morris is the co-founder of Wise Realty, and is now the sales director. With the slow down of the sales side of the business Lionel has become more involved with property management. Lionel is responsible for any new rent roll acquisitions, writes the news letter, and with over fifty years of business experience, is the "sounding board" for problems and projects. Lionel is responsible for our very successful unit trust developments. A keen golfer and fanatical All Black supporter, Lionel is Bronwen's father, Teresa's husband, and is a grand and recently a great Grandfather. Nicholas Alexander is the Business Development Manager for Wise Realty. Nicholas is responsible for sourcing new managements, looks after our commercial rentals and pays our trade creditors. Nicholas also looks after all the owner inspections, and handles all the insurance claims. Nicholas has become a dispute resolver par excellence. Nicholas also attends to any court work that is required, and is Bronwen's right hand person, with the knowledge and experience to step into Bronwen's shoes when required. Nicholas became married to Sarah late last year, and they have recently moved into their own property, gaining a foothold onto the first rung of the property ladder. Manoli Nicolas is the Leasing Manager with Wise Realty with the massive responsibility of leasing your property. Manoli works tirelessly for our owners to ensure that their properties are rented, and for the highest possible figure. The table below will give you a very good idea of the results Manoli is currently achieving. Manoli is a great communicator, and I do not believe that any of our clients are ever "left in the dark" as to how their property is performing, which is one of the biggest complaints in our industry. Manoli works 24/7 to achieve his outstanding results, and still finds the time to attend University where he is working towards a degree as Bachelor of Urban Development majoring in Property Economics. Minors: Project Management & Marketing. Anthony Wright is the Senior Property Manager with Wise Realty with the responsibility of issuing all the lease renewals, setting up the routine inspection timetable and carrying out some of the routine inspections. Anthony is also in charge of all entry and exit condition reports, and attends to the bond refunds, an exciting job in itself! Coupled with the responsibility of all maintenance work, Anthony leads a busy life. Anthony always looks to achieve the best results for our owners, obtaining competitive quotes for all maintenance items, and for any appliances that may need replacing. Anthony is a great supporter of the Brisbane Broncos, and has shares in two greyhounds and a race horse. Thomas Bialoruski is a Property Manager with Wise Realty with the responsibility of carrying out the routine inspections. This involves organising approximately 2,500 inspections a year, over a very diverse range of suburbs. This requires a very great degree of logistics and organisational skills, at which Thomas excels.Of course every inspection has to be followed up with an owners report, and any maintenance issues that arise from these reports. Thomas and Anthony carry out this follow up work as a very successful team, and your property is in very capable hands.  Teresa Morris founded Wise Realty with Lionel, and now works in the office being responsible for producing the CMAs and rental suggestions, from Bronwen's recommendations, that go out with all the lease renewals. During the course of a year, well over a thousand CMAs get produced , with the panic period being in October for the January lease renewals. Teresa also does our IT work in the office. Lionel's wife, mother of Bronwen and Christopher, with four grand children and one great grandchild, and providing support for her elderly and lively parents, Teresa's days are never dull. Carol Gough has been with Wise Realty since its commencement. Carol originally worked as a Property Manager, and always had the respect and confidence of our owners. When it was decided to implement a Wise Body Corporate Division Carol was the first to put her hand up and offer to start and manage the division. From a standing start Carol is building a large and profitable division. Carol's attributes of being able to empathise with our clients, combined with extraordinary organisational skills has impressed everyone who is utilising our Body Corporate services. Carol is a fanatical follower of the Broncos, and is a keen follower of all sports.  Robyn Graham has recently joined the ranks of Wise Realty. Robyn will already be well known to many of our Wise clients from her time at First Choice Home Loans with Brad Oliver. Robyn has changed from finance to real estate, and will eventually finish up taking on some of Bronwen's roles, to allow Bronwen the time to continue to grow our business. Robyn is currently assisting Manoli with new tenant applications, and is rapidly learning the ropes. Robyn's friendly manner, helpfulness and fantastic telephone manner has already endeared her to many clients, and Robyn will become a tremendous asset to Wise Realty in the years to come.Next month we will be featuring Ten of our most popular Trades People that Wise Realty uses for repairs and maintenance, and from whom we have experienced fantastic results. As a large appliance retailer from my home country of New Zealand used to say, "It's the Putting Right That Counts." Finding the problem is one thing, having it put right in a timely and cost effective manner is the most important thing for our valued owners, and we have confidence in our recommended trades people to achieve the required results. WHAT'S HAPPENING WITH BRISBANE RENTS? By Manoli Nicolas, the Wise Realty Leasing ManagerI have found that over the past year, the Brisbane Rental market has experience some significant rental
increases. Let's face it, people need a place to live and they are going to pay for comfort and quality. But
please don't get me wrong, it is not all good news and plain sailing in the overall rental picture.
Some areas have remained flat and experienced minor or little increases, however, this is not a major
concern. It must be understood that there are times, and periods in the year, where trying to increase the
rent is simply not the best option. For instance, If your property is going to be vacant for two weeks, and
you are only trying to achieve a $10 increase, you have effectively gone backwards, and it will take you
over a year to recover the loss. Read more....READY, STEADY, GO! By Michael Matusik  That's the general message we got from our recent online survey of residential property investors.The survey confirmed the typical optimistic nature of investors, with most believing that the present market presents great buying opportunities, and in many cases, unrepeatable purchase prices. This market appears set and ready to pounce. Half of our respondents own between 2 and 5 investment properties and almost a third own just one. Two-thirds have no intention of selling any of their properties for at least five years, and 76% plan to buy more residential properties in the future. Read more Michael Matusik Mobile - 0411 793 535 Direct email - michael@matusik.com.au www.matusik.com.au WHAT'S HAPPENING WITH INTEREST RATES... IS NOW THE TIME TO FIX? 
Banks have started to reduce their rates of late....for several reasons:You have slowed down your borrowings substantially. Investors have stopped investing and even first home buyers and upgraders have sat on their hands. Your confidence has been shattered by the Euro/USA debt crises, a looming Carbon Tax, a slowing property market and predictions of another Great Depression by a yank who knows very little about our financial system. Banks are therefore not growing their loan books so they want YOU to borrow from them NOW! Banks' cost of funds have softened a little bit and because you are now saving much more, they have a war chest of deposit funds they want to lend out. They clawed back some margin during the rate increases over the past 2 years .... remember when the Reserve Bank increased by 0.25% and a lot of them went higher still.... some up to 0.45%.... and on more than just one occasion? So, should you consider a switch to fixed rate right now? Read more....  Do you want peace of mind?While household wealth is rising, so too is our cost of living, credit card debt, and many Australians struggle to afford the home they want. Now more than ever, Australians need good financial advice. Good financial advice removes the 'uncertainty' from your life. It will assist you in making the most of what you have, while helping you to create a comfortable future for you and your family. Read more..... For an obligation free consultation contact a Collins Mann adviser on (07) 3251 3200 or email admin@collinsmann.com.au www.collinsmann.com.au If updating your home or investment property is on the agenda some time in the future, then rather than just diving in and 'winging it', really think carefully about where and how you are spending your money. What value is it really adding to your property - and ultimately how much extra is a tenant willing to pay for the improvements? Read more.... Overhanging Branches The most concern to owners over the past months has been the issue of who is responsible for the pruning back of neighbouring trees and overhanging properties. The law states that yes, you can lop off overhanging branches of a neighbour's tree but you cannot trespass onto their property to do this. Any branches that are lopped off are considered to be the neighbour's property and they cannot refuse to take the branches back if you are unwilling to dispose of them. Unfortunately, your neighbour is not obliged to share the cost of the lopping of the offending tree/s. If the tree is a fruit tree, then all the fruit on the tree belongs to the owner of the tree. Tree roots can be a major problem and can result in damage to driveways and even the foundations of a building. If this occurs the owner of the trees can be sued for damages. In the light of the above, may I suggest that if you have a large tree in your courtyard with roots that may cause damage, it may be a good idea to get it taken down and a stump grind carried out. Regards Carol Gough Body Corp Manager |
IN THIS ISSUE
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Contact Details SALES DIRECTOR BUSINESS DEVELOPMENT MANAGER PROPERTY MANAGERS Anthony Wright Thomas Bialoruski AREA MANAGERS ACT SOUTH QLD NORTHERN TERRITORY VICTORIA DO YOU KNOW SOMEONE WITH A RENTAL PROPERTY?
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