New Ideas re Design Electric Cars effect on home renovating

Reading , about the new models, the Mitsubishi Imiev, { due next month } costing $62,000, closely folowed by the Tesla, Chinese EV made by BYD at $25,000, Nissan Leaf $40,000, with the Ford, GM Volt at $65,000  and Toyota models due in two years.  A  plug in Prius is also due, this has both the convenience of petrol and the low cost running of the electric power. While the Imiev is currently, too dear, its available this year, in July.  The cost  shall halve, as production volumes are expanded over the next two years. The  BYD Chinese car is much more reasonable and due, for sale, next year 2011. Apparently the Chinese are expecting to surpass the volume of production of Toyota.  The sales of Electric cars are to represent 10% of the world car market in 10 years, and 30 % of Developed country car sales {reference Delloitte}.  The subsidies  for purchase of an electric car vary from $7,000 to $9,450 in overseas countries.

The point is the electric car is arriving, and cars will remain the dominant form of transport for Suburban people. Currently there are three Imiev cars touring Australia for marketing.
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So one needs to take this  into consideration in your property decisions

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NEW Woolworths/Lowes Stores, for home renovating

Writing  for  Australian readers of the expected benefits from the New Hardware chain to open over the next few years.

Its the Woolworths /Lowes Joint venture. The home improvement market is growing at twice the rate of the economy. Its a $40 Billion market. The Lowes store will compete with major white goods retailers and furniture stores, including, elements of Myer, Reece, Harvey Norman, Ikea, Freedom Furniture, Domayne, Retravision. The new chain  will have 150 stores very quickly, by building on the Danks stores and parts of Mitre ten.

The new Lowes stores will have a wider range of home renovation products including, Furniture, White goods, Heating /Cooling, Home decorating products, Carpets, Storage, Curtains, Lighting, Kitchens,and Bathrooms. Bunnings also has an aggressive new store opening plan. Bunnings is more like the Home Depot format, Large cold Barns with a limited range of low cost products.

Woolis/Lowes will be more like Lowes  a more  comfortable store with a wider range of Home living products, some emphasis on  Healthy  Living, Decorative products like , curtains , Bedding , rugs, Saving Ideas, Trades  Prossionals  Installers  and Free Creative living magazines.

Lowes has an FREE easy read Ebook, via computer.

I fully expect this competition will cut the costs of  Home renovating products by thousands for each home. It will be a one stop shop for the home.

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National Rental Affordability Scheme for the home

Today, I write more about this scheme. Its a special deal for Essential Service delivery workers like, Ambulance drivers, Police , Nurses, Teachers, Firemen where they can rent for 25% under market rates. For the investors there is a top up of the rental loss with a tax paid subsidy, of  Nine grand indexed to inflation. These deals can be so attractive they are strongly rental positive cash flow deals.  In Queensland, the Queensland Affordable Housing Consortium is the one to talk to. In Victoria, its the Community Housing Limited. Initially, the scheme appealed to large developers and builders, now in the third stage its been broadened to the smaller end of the property market. While the scheme has been slow to make approvals, I hear its now taking off, with  lots of numbers of homes in the application process. The plan is to build up to fifty thousand homes over three years.

Given close to eighty families apply for the each home, at a time perhaps it has some appeal?

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Electric cars effects on home values

Today, I am reading that Nissan, the Japanese car company will be announcing their Electric car, the Leaf. I expect it will be available within two years. Toshiba and Panasonic are also assisting the Japanese car companies to develop the Breakthroughs in New Lithium Ion battery technology. This means within two years we will have efficient electric cars available. The big announcements are when the car companies launch their new models in July, so we all need to stay tuned.

How will this impact on the home market?. I reckon the dire fear, of ” I,need to buy in the inner suburbs”, will abate. The outer suburbs will become more viable.  As home owners realise the car will remain the dominant transport model.

While the Inner suburbs may remain popular, because of conveniance. Let not the fear of higher petrol prices be the driver.
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National Rental Affordability Scheme

National Rental Scheme

The government has set up the scheme , in order, to appeal to so called key workers: such as Police, Nurses, Teachers, service delivery workers. It is to build up to 50,000 Affordable houses: to reduce the rental cost with massive rental subsidies, of  25% of the regular market rents ; and encourage building of  large numbers of affordable houses.  Currently, into its third round of Applications, the builders and developers are discovering and supporting the scheme. Recent refinements to the application process will enhance the attraction for developers.

Who can apply for the renting? , well its  means tested by income. Research via www.fahcsia.gov.au

What’s in it for the investor’? , a secure tenant, low expected vacancy, and a indexed  rental rebate subsidy of $9,100 for ten years.

In rural and regional areas the effective rental return for investors, can be very attractive.
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4  Check at your email to download your book

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