#Car with Finance Canberra

[novatedleaseexplained]

Is a Novated Lease Worth It for High-Income Earners?

Is a Novated Lease Worth It for High-Income Earners? 

As high-income earners seek to optimise their financial strategies, novated leasing emerges as a compelling option, especially for those eyeing the latest electric vehicles (EVs). But is a novated lease worth it for high-income earners? Let's delve into the benefits and considerations of novated leasing, particularly in the context of electric vehicles in Australia. 

Understanding Novated Leasing 

What is a novated lease? In simple terms, a novated lease is a three-way agreement between an employer, an employee, and a finance company. It allows employees to lease a vehicle using their pre-tax salary, which can result in significant tax savings. This arrangement, known as salary packaging, bundles vehicle-related expenses such as registration, insurance, and maintenance into one manageable payment. 

The Financial Benefits for High-Income Earners 

Tax Savings: One of the most significant advantages of novated leasing is the potential for tax savings. By using pre-tax dollars to pay for the lease, high-income earners can reduce their taxable income, leading to substantial tax benefits. This can make a novated lease a financially savvy choice, particularly for those in higher tax brackets. 

Cost Efficiency: With all vehicle-related expenses included in the lease payments, high-income earners can enjoy the convenience of predictable, all-inclusive payments. This cost efficiency can simplify budgeting and reduce the financial burden of unexpected vehicle expenses.   

Access to Premium Vehicles: Novated leasing provides an opportunity to drive high-end vehicles in a more cost effective way. For instance, a BMW novated lease or a Mercedes-Benz novated lease allows high-income earners to enjoy the benefits of the latest electric vehicles without the hefty upfront cost. 

The Appeal of Electric Vehicles (EVs) 

Environmental Impact: Electric vehicles are an attractive option for those looking to reduce their carbon footprint. With the growing focus on sustainability, an EV novated lease aligns with the values of environmentally conscious high-income earners. 

Government Incentives: In Australia, there are various incentives and rebates available for electric vehicles across the states, making an EV novated lease even more appealing. The biggest is government incentive is no FBT on EVs under the Luxury Car Tax threshold. These incentives can further reduce the overall cost of leasing an electric car. 

Lower Operating Costs: Electric vehicles typically have lower operating costs compared to traditional petrol or diesel cars. Reduced fuel costs and lower maintenance expenses can make a significant difference over the lease term, adding to the financial benefits of a novated lease. 

Using the Novated Leasing Calculator 

To determine if a novated lease is worth it, high-income earners can use a novated leasing calculator. This tool provides a clear picture of the potential savings and costs associated with a novated lease. By inputting details such as salary, vehicle choice, and lease term, users can get an accurate estimate of their financial benefits. 

Practical Considerations 

Flexibility: Novated leasing offers flexibility in terms of vehicle choice and lease terms. High-income earners can select from a wide range of vehicles, including the latest electric models. Lease terms can be tailored to suit individual needs, typically ranging from one to five years. 

Nationwide Availability: Novated leasing is available across Australia, with providers like Carbon Leasing & Rentals offering services in major cities including Perth, Melbourne, Brisbane, Adelaide, Sydney & Canberra. This accessibility ensures that high-income earners can take advantage of novated leasing regardless of their location. 

Is Novated Leasing Worth It? 

For high-income earners, a novated lease can be a highly beneficial financial strategy. The combination of tax savings, cost efficiency, and access to premium electric vehicles makes novated leasing an attractive option. By using tools like the novated leasing calculator and exploring options from reputable providers such as Carbon Leasing & Rentals, high-income earners can make informed decisions that align with their financial goals and lifestyle preferences. 

In conclusion, a novated lease is worth considering for high-income earners, especially those interested in electric vehicles. The financial advantages, environmental benefits, and flexibility of novated leasing make it a compelling choice. By leveraging the benefits of novated leasing in Australia, high-income earners can drive their dream electric car while optimizing their financial strategy. 

Luxury Car Tax (LCT) and Luxury Car Adjustment (LCA): 

The LCT and LCA are separate amounts.  

Luxury Car Tax (LCT) – There is no LCT included in the purchase of your vehicle and falls under the threshold therefore your vehicle is eligible for the FBT exemption  What is it? A federal tax levied on cars with a value exceeding a certain threshold. The threshold varies depending on the car's fuel efficiency.  Who pays for it? The consumer purchasing the luxury car pays this tax at the point of sale.  What is its purpose? Primarily a revenue-raising measure for the government.  What is the threshold?  For the financial year 2024-25, the LCT threshold for fuel-efficient vehicles is $91,387.00  For all other luxury vehicles, the threshold is $80,567. 

Luxury Car Adjustment (LCA) 

What is it? A calculation used in novated leasing arrangements when the value of a car exceeds the luxury car depreciation limit (currently $69,674 for the 2024 financial year).  Who it affects? Employers who offer novated leases on luxury cars.  What is its purpose? To compensate employers for the reduced tax deductions they can claim on luxury cars. Because employers can only claim deductions up to the depreciation limit, the LCA ensures they are not financially disadvantaged.  How does it work? The LCA is typically calculated for the full lease term and spread evenly over the lease period. 

Whether you're considering a Tesla novated lease, a BMW novated lease, or exploring other electric vehicle options, a novated lease could be the key to combining luxury and sustainability in your driving experience. And for those with a taste for high-end models, consider leasing premium vehicles like the BMW iX1, BMW iX3, Kia EV9, Mercedes-Benz EQB 250 or other higher-priced options through CarBon Leasing & Rentals, ensuring you drive in style and comfort while enjoying the benefits of electric vehicle leasing in Australia.  Try our online calculator and get a free quote. 

[carremovalservice]

Who Can Help You Buy a Car in Canberra?

Navigating the process of buying a car in Canberra can be overwhelming, but fortunately, several resources are available to assist you.

Local Dealerships: Canberra boasts a variety of reputable dealerships offering both new and used vehicles. They often provide financing options, warranties, and the opportunity to test drive different models.

Online Car Marketplaces: Websites like Carsales and Gumtree are invaluable for browsing a wide range of vehicles available in Canberra. They allow you to compare prices, read reviews, and contact sellers directly.

Car Brokers: If you prefer a more personalized approach, car brokers can assist in finding the perfect vehicle to suit your needs and budget. They negotiate on your behalf and may have access to exclusive deals.

Word of Mouth: Seek advice from friends, family, or colleagues who have recently purchased a car in Canberra. They can offer insights into reputable sellers and share their firsthand experiences.

When it comes to selling your old vehicle to make room for your new purchase, Act Cash for Car provides a convenient and efficient service. Contact Act Cash for Car today to simplify your car buying and selling process in Canberra.

[gemmabussell85]

Mitsubishi Car Finance Deals

At Mitsubishi Finance, our dedicated & experienced team of Finance professionals are there from selecting the perfect vehicle & accessories to tailoring finance deals that work for your car is located throughout Australia.

[maiseve457]

Car Servicing Canberra

Philip Mitsubishi offers genuine servicing performed by factory-trained technicians, at very competitive prices in Canberra. Our expert technicians use the latest equipment & diagnostic tools, developed specifically for your cars. Contact our friendly team today.

[canberracash]

Cash For Cars - Give Us Your Details And Get Rid Of That Old Car Today!

Cash for Cars - If you need cash for cars that are in your area and are looking for free, no-obligation quotes, and then Cash for Cars Canberra is the solution you're looking for. We offer free towing service for clients within the city of Brisbane. We have locations throughout the city of Brisbane and offer the highest quality, competitive prices on our financing and free towing services. Our motto is "No Hassles, No Fuss" and we make it easy for you to take care of your moving vehicle needs. Whether you need to move your vehicle to a new location or arrange to have it picked up, Cash for Cars is the solution to all your moving vehicle needs.

Canberra Cash 4 Cars:

What is Canberra Cash 4 Cars? Cash for Cars is a company that provides free, no-obligation, no obligation quotes for removal of your vehicle to you from the premises of your residence or place of work.

When you need to get cash for cars from our friendly, Perth-based team, you should know that all you need to do is contact us to discuss your free online cash for car disposal quote. As soon as you find an appropriate free online quote, you will be able to book your pick-up and removal in just minutes. In just minutes, you can have your car safely removed from your home or work premises. You will have peace of mind knowing that your vehicle will be properly disposed of by our skilled, trained team of professionals who offer top cash for cars.

Cash for Cars Canberra Up To $9,999 with Free Car Removal Canberra. Getting instant Cash for Cars Canberra is one call away! We buy any make, model, and type of vehicle, including cars, vans, SUVs, Utes, jeeps, trucks, and 4WDs.

Fill an online “Get a Quote” form or you can directly speak to any of our unwanted car removal Brisbane representative and provide them with precise information about your vehicle so that we can give you a free quote over the phone: 048 282 8222

[aengelicsoul]

i wanted to make a list of all MY MUSES, active and inactive, with a brief description of each of them — just to make a little summary ! — so here it is. feel free to message me anytime to start a thread / think of a plot with any of my babies. 

　　　　　　﹟ 　ALYX SIENNA LEE 　 / 　 MADELYN CLINE. 22. australian. a bartender who works as an escort, from time to time, to mantain a certain type of life she got used to in canberra [ her father is a known and rich politician there ]. bisexual. SHE IS　 　 lots of tattoos, cocktails whose names are impossible to remember, leaving her number on a napkin with a smiley face, taking risks, sunkissed and glowy skin, surfing the highest waves, indie concerts, eyeliner and dramatic lipsticks. 　 ♡ 　　　　　　 ﹟ 　AUBREY  MARTIN　 / 　 NATASHA LIU BORDIZZO. 25. canadian. a waitress who has been spoiled her entire life and can’t do anything by herself. bisexual. SHE IS 　 　 thrifted clothes from the 80s, 90s and 00s, pending earrings, cloudy days with a few sun rays, nude lipstick, messy mascara, kind words and touching attentions, big salads, overpriced smoothies, a different bag everyday, ikea full lenght mirror for selfies, organized plans and tidy rooms. 　 ♡ 　　　　　　  ﹟ 　ELIA RUFFINo　 / 　 LORENZO ZURZOLO. 20. italian. a university student who’s studying cinematography and taking acting classes. used to be the drama kid in school. bisexual. HE IS 　 　 dramatic performances off and on stage, getting high at concerts, puppy eyes, all black, foreign movies, leather journal filled with poems, swearing in italian, tabacco at the bottom of his pockets, deep conversations on the roof at three am. 　 ♡ 　　　　　　 ﹟ 　FRANK (FRANCESCO) ZANETTI　 / 　 MATTEO MARTARI. 35. italian. a private bodyguard for the rich and wealthy who used to be a policeman, in italy. bisexual. HE IS 　 　 getting into fights for love, freckles, worried eyes, tired soul, navy suits and white shirts, a hint of beard, fear of losing control, gentle kisses, vanilla icecream and a familiar handwriting. 　 ♡ 　　　　　　  ﹟ 　HENRIETTA CALHOUN　 / 　 MADISON DAVENPORT. 24. canadian. a university student who’s taking her master in engineering informatics + a hacker in her free time. bisexual. SHE IS　 　 black babydolls, fingers typing quickly, bringing her computer anywhere, black and white polaroids all over the walls, punching hard, feisty temper, coding, her sister’s necklace, rings, incense burning on the window shelf, succulents. 　 ♡ 　　　　　　  ﹟ 　LEO (LEOPOLD) BURNETT　 / 　 RUDY PANKOW. 18. american. a senior in high school whose life consists in working for the richest beverly hills families when he can, to help his mother, and surfing. bisexual. HE IS 　 　 waves so high he can feel the clouds, the smell of fresh grass, the same old denim jacket his father left him before leaving, forehead kisses, snarky comments, heart of gold. 　 ♡ 　　　　　　  ﹟ 　LOVISE DE SMIT　 / 　 DANIELLE CAMPBELL. 23. norwegian. a freelancer cartoonist (comics artist) who has a small etsy shop on the side. bisexual. SHE IS 　 　 comics everywhere, a dreamcatcher hanging over her bed, a board to help visualize her latest story, pinterest boards for her characters, a huge collection of pencils and colours, shades of color but not being able to catch the shades of grey in life. 　 ♡ 　　　　　　  ﹟ 　LUCIEN KERR　 / 　 THOMAS DOHERTY. 21. american (french from his mother’s side). a self-employed mechanic who inherited his father’s business and anger. bisexual. HE IS 　 　 comics everywhere, a dreamcatcher hanging over her bed, a board to help visualize her latest story, pinterest boards for her characters, a huge collection of pencils and colours, shades of color but not being able to catch the shades of grey in life. 　 ♡ 　　　　　　  ﹟ 　MOIRA DONOVAN　 / 　 CRYSTAL REED. 31. american. a homicide detective whose life revolves around crime and riddles. bisexual. SHE IS 　 　 multiple identical leather jackets, running at night, finding comfort in her gun, playing darts alone after a long day at work, blurry morals. 　 ♡ 　　　　　　  ﹟ 　NADINE BROOKS　 / 　CLAIRE HOLT. 30. american. a contract killer who never stays in the same place for long and loves to change identity and play different parts. latest one: colleen miller, a kind bartender who plays therapist with her drunk clients. homosexual. SHE IS 　 　 knives hidden under an evening dress, warm smile and cold hands, numerous expensive wigs, contact lenses, bullet holes, bloody kisses. 　 ♡ 　　　　　　  ﹟ 　RAMONA PEREIRA　 / 　 ESTER EXPOSITO. 19. spanish-american. a social media influencer whose business is based on fitness, photoshoots and promoting things she doesn’t believe in. bisexual. SHE IS 　 　 lace lingerie, a flask safely held in her purse, a pair of never wore before loubotins, bad intentions, crying herself to sleep, self-inflicted bruises, working out to empty her mind, fake perfect life on instagram. 　 ♡ 　　　　　　  ﹟ 　RAVEN VAUGHN　 / 　 SAMANTHA LOGAN. 19. american. a university student studying accounting and finance, who has a way with numbers but not with words. heterosexual. SHE IS 　 　 pink lips, braids, fancy water bottles, cooking for someone else, romantic comedies from the nineties, dreaming of prince charming, two-piece outfits, pastel colors, long baths and singing in the shower, white ribbons, numbers over words. 　 ♡ 　　　　　　  ﹟ 　REBECCA TREMBLAY　 / 　 KENNEDY WALSH. 19. american. a visual design student at university who dreams of becoming one of the best graphic designers out there. homosexual. SHE IS 　 　 floral overpriced tops, whimsical make-up, rainbow hair, borrowing her mother’s weed and hiding it under the bed, fairy lights, tweeting at all times, soft kisses and big fears, hugging her dog when something goes wrong. 　 ♡ ﹟ 　REMI (REMINGTON) OLIVER KNIGHT　 / 　 GAVIN LEATHERWOOD. 25. british. a fashion photographer with a bad reputation. bisexual. HE IS 　 　 a library with no books in it (only cameras and different lenses), his work framed in different pictures all around his house, luxury cars, scandalous parties, bad reputation, black leather shoes, spending hours in front of a mirror. 　 ♡ 　　　　　　 ﹟ 　RICHIE (RICHARD) LOPEZ　 / 　 BENJAMIN WADSWORTH. 18. american. a senior high school student whose reputation as your classical troublemaker precedes him. bisexual. HE IS 　 　 a constant black eye, cigarette behind his ear, soft curls, disappointed look, fists clenched ready for a fight, not caring about getting hurt or hurting who deserves it, an old pastel car that feels like home.　 ♡ 　　　　　　 ﹟ 　SAGE TAYLOR　 / 　 LAURA HARRIER. 27. american. a middle school art teacher who doesn’t care about showing her art to anyone with eyes, not anymore. heterosexual. SHE IS 　 　 ruined t-shirts, painted overalls, colored eyeshadow, brushes in every angle of her apartment, more pillows than space on the bed, fire over ice, weird coffee orders, naked bodies touching any surface. 　 ♡

[nelsonashton39]

Belconnen Car Dealers - Canberra Toyota

Get in touch with Canberra Toyota. We have new and pre-owned vehicles for sale, servicing, finance, parts & accessories, insurance, etc in Belconnen. Contact today.

[canberraautoelectrical]

mobile auto electrical service in canberra

Over the last couple of weeks I've eluded to some troubles I've had with my car. It's been very interesting and is worth talking about because of the way I handled it and I've had surprising feedback from friends and the people involved with fixing it.

 As I was driving back to Canberra from Brisbane, I stopped for a comfort stop north of Grafton. When I got back into the car it was sluggish to start, I didn't worry too much and continued my journey. I stopped again in Coffs Harbour where, once again, it was slow to start. It seemed like battery problem, so across the road to a battery shop, where I had my battery replaced. Cool, I'm on the road again, free as the wind.

 The following day on the outskirts of Sydney, I noticed the battery light on the dashboard flash on a couple of times. All was okay until I got to a service station on the freeway not far from Mittagong. Real challenge now because the car wouldn't start at all, so I called the Canberra Auto Electrical (motor club).

 I didn't stress too much, after all there wasn't much I could do except wait and it was here that I decided to monitor my decision making skills and my stress levels. And I'm pleased that I did because a sequence of events started the repair process involving the Canberra Auto Electrical, a tow truck company, an auto electrician, a motel, car hire company, the local General Motors distributor and repairer, a Canberra tow company and my local repaired here in Canberra.

 I didn't get to see my car running again for 9 days and the episode cost me over $2,000.

 Okay, you might say, cars are expensive and crap happens.

 True, but what's important is how we react to events like this in our lives because I think it's one of the best things to happen to me this year.

 You see, I met some really fantastic people, although there is one in particular who I will not choose to do business with again, but all the others were awesome professionals. Moreover, I learnt some interesting things about the electrical systems in modern cars.

 You see, everyone I dealt with were highly professional and I treated them with the utmost of respect and friendliness. One even became a client.

 So what did I do?

 I realized I had a major car problem and that it was totally out of my control. I had to rely on others and I had to ask for help.

 That was my first decision.

 My second decision was to be the person I always am. That is, enthusiastic and optimistic, happy and with joy in my life. You see, Yes, I had a problem with my car but I choose to still have an amazing life. It was a set back that I had to deal with.

 My third decision?

 I learnt something amazing about myself.

 Let me explain. I've always thought of my self as a good organiser, good at logistics, to be on the ball with what's going on with people and events. Well, not any more, now days I really have to work at it and the events of the last couple of weeks brought this home to me in no uncertain terms.

 Now, stay with me on this, I know this is a longer bulletin but it's important.

 Years ago as a manager, I was great at logistics, I'd be able to keep track of numerous people in the field, finances, and other resources all at once. I could easily keep up with the science, technology and changes in my work and in the earth sciences industry.

 I can't do that now, I've changed, I really struggle with logistical challenges. Do I worry about this? No. I don't try to get this skill back, I adapt and I evolve.

 And what I do most of all is monitor myself by identifying what's happening to me emotionally, mentally and physically. I investigate the key elements to what's happening to me and then use those elements to inspire myself to evolve to be the person I want to be.

 Look, this stuff is actually easy. Unfortunately, most of us don't bother, we don't work on it, and we don't work on ourselves. And when we don't work on ourselves, it's even easier to slip into a negative, drama filled space and give up and go and retire!

 Action Plan!

 We all have things happen to us in our lives. From the relatively minor stuff I've just talked about through to chronic illnesses, separations and even death. It's up to us how we deal with those things. If you're going through a challenging time do the following:

 1. Ask for help, you don't have to suffer alone.

2. Monitor yourself. If you've got a pain in the stomach or your chest is heavy, go into the feeling, don't ignore it; and,

2. Be yourself, don't put on an act, be the person you need to be.

 I know this has been a longer bullitin. Thanks for staying with me.

 Have the best outstanding day,

 Andrew

 Andrew is an intuitive and personal development success coach. He has clients all over the world and enjoys seeing his clients grow and evolve to live exceptional lives.

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Auto Electrical Diagnosis & Repairs

Auto Electrical Services

[zvehicles]

Buying from a dealership has its own set of advantages. As you have a wider selection of used cars, all-around peace of mind in terms of paperwork, registration process, insurance etc. as well as better financing options. Generally, consumer rights are stronger when you buy from a dealership over any private purchase.

[nineoctoberten]

Dear husband,

Happy number 33. Thank you for being everything I could ever want and need. I will spend the rest of my life trying to make you as happy as you make me every single day. You keep me grounded, you keep me strong and you make me better and want to be better. I can’t express well enough how much I love you. I am truly the luckiest girl because I have you, and our two boys.

33 reasons why I love you:

1. You spoil me with love, patience and kindness

2. You are so hardworking

3. You are so darn handsome

4. You hold in farts for me

5. I can feel your love when you look at me

6. You forgive me, and let me be always right

7. You support me physically and emotionally

8. You cook for me

9. You take out the bins for me

10. You let my feet travel to your side and help warm them up

11. You massage my feet regularly

12. You tell me I am beautiful

13. You encourage me with all my crazy ideas and thoughts - you smile and call me cute (when you mean nuts), that you would love to see how my brain works

14. You listen to me (60% of the time, which is still a lot as I talk a lot)

15. I enjoy talking to you about everything - when the kids fall asleep in the car, I love just driving all around just conversing with you

16. Your hands fit so perfectly in mine, as they are the same size as mine

17. You want to work on our relationship and are willing to read relationship books

18. You parent alongside me, doing it all together

19. You kiss my forehead and squeeze my hand spontaneously

20. You accomodate my crazy organising and cleaning ways (like finding all the missing Lego pieces)

21. You fold all the laundry

22. You are the bad cop so I can be the good cop

23. You take over big things when I get overwhelmed. You stress so I don’t have to. Like planning our wedding, moving apartments, moving back from canberra, renovating the house, tracking our finances...

24. You make me feel special

25. You make sure the kids respect and love me, and remember to treat me well

26. You go along with my craziness (like chronic head lice)

27. You challenge me intellectually and educate me on current affairs so I can make informed decisions and sound smarter when conversing with my peers

28. You acknowledge me and my contributions to the family. I don’t feel you take us for granted

29. I can trust you completely

30. You will watch chick flicks with me (and barbie)

31. You give me peace in my hardest times (like during the foot melanoma saga)

32. You want to be the best husband, father and son you can be.

33. Family is important to you.

[carremovalservice]

How can I sell my junk car for cash?

Selling junk cars for cash offers numerous benefits to vehicle owners. When opting to sell junk cars for cash through Act Cash for Car, owners can swiftly rid themselves of unwanted vehicles while receiving immediate financial compensation. Not only does this process provide a convenient solution for disposing of unusable or old cars, but it also contributes to environmental sustainability.

Act Cash for Car ensures that these vehicles are responsibly recycled, minimizing waste and conserving valuable resources. Moreover, selling junk cars for cash allows owners to free up space and earn money from an asset that would otherwise depreciate in value. With Act Cash for Car, owners can enjoy a hassle-free transaction and the satisfaction of knowing they've made a positive impact on both their finances and the environment.

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[nathan-challenges-life]

Savings rate was only roughly 30% in September. A lot of things came up like car servicing and utilities, but also some loose spending on items and non-essentials. Need to work on it for October. I'm thinking it'll be good though, it's a magic month where I just get paid 3 times a month rather than twice. Whats the one thing you need to work on? #fire #financialindependence #networth #investing #money #finances #progress #nathanchallengeslife #savingsrate #financialindependenceretireearly #retireearly #retireat40 #earlyretirement #goals #firemovement #firejourney #journeytofire #retirementplan #wealth #journeytofire #fi #debtfree #budget #frugal #firecommunity (at Canberra, Australian Capital Territory) https://www.instagram.com/p/CF1zzRfhT-u/?igshid=1lwbcpnbo6k2b

[alicefelldowntheh0le]

The Estate Sector

Boom & Bust of Indian Realty Sector Engulfing the period of stagnation, the evolution from Parc Canberra sector has been phenomenal, impelled by, maturing economy, conducive demographics and liberalized foreign direct investment decision regime. However , now this unceasing phenomenon of real estate investment sector has started to exhibit the signs of contraction. What can be the reasons of such a trend in this industry and what future course it will take? This article tries to search out answers to these questions... Overview of Indian real estate community Since 2004-05 Indian reality sector has tremendous development. Registering a growth rate of, 35 per cent the real estate sector is estimated to be worth US$ 15 thousand and anticipated to grow at the rate of 30 per cent annually over the next decade, attracting foreign investments worthwhile US$ 30 billion, with a number of IT parks and even residential townships being constructed across-India. The term real estate handles residential housing, commercial offices and trading spaces that include theaters, hotels and restaurants, retail outlets, industrial buildings for instance factories and government buildings. Real estate involves purchase selling and development of land, residential and nonresidential properties. The activities of real estate sector embrace the hosing not to mention construction sector also. The sector accounts for major way to employment generation in the country, being the second largest employer, together with agriculture. The sector has backward and forward linkages with in relation to 250 ancilary industries such as cement, brick, steel, making material etc . Therefore a unit increase in investment decision of this sector have multiplier effect and capacity to produce income as high as five times. All-round emergence In home sector major component comprises of housing which accounts for 80% and is growing at the rate of 35%. Remainder are made up of commercial segments office, shopping malls, hotels and hospitals. o Housing units: With the Indian economy surging at the fee of 9 % accompanied by rising incomes levels of mid class, growing nuclear families, low interest rates, modern approach when it comes to homeownership and change in the attitude of young doing the job class in terms of from save and buy to buy and recompense having contributed towards soaring housing demand. Earlier fee of houses used to be in multiple of nearly 20 times the annual income of the buyers, whereas in these days multiple is less than 4. 5 times. According to 11th five year plan, the housing shortage on 2007 was 24. 71 million and total requirement of home during (2007-2012) will be 26. 53 million. The total fill requirement in the urban housing sector for 11th all 5 year plan is estimated to be Rs 361318 crores. The summary of investment requirements for XI arrange is indicated in following table SCENARIO Investment demand Housing shortage at the beginning of the XI plan period 147195. 0 New additions to the housing stock during the XI plan period including the additional housing shortage during the prepare period 214123. 1 Total housing requirement for the plan stage 361318. 1 o Office premises: rapid growth about Indian economy, simultaneously also have deluging effect on the demand from customers of commercial property to help to meet the needs of enterprise. Growth in commercial office space requirement is led by your burgeoning outsourcing and information technology (IT) industry and placed retail. For example , IT and ITES alone is thought to require 150 million sqft across urban India by 2010. Similarly, the organised retail industry will probably require an additional 220 million sqft by 2010. u Shopping malls: over the past ten years urbanization has upsurge at the CAGR of 2%. With the growth of service sector which includes not only pushed up the disposable incomes of urban public but has also become more brand conscious. If we pass numbers Indian retail industry is estimated to be with regards to US $ 350 bn and forecast to be dual by 2015. Thus rosining income levels and shifting perception towards branded goods will lead to higher marketplace demand for shopping mall space, encompassing strong growth prospects for mall development activities. o Multiplexes: another growth car owner for real-estate sector is growing demand for multiplexes. The actual growth can be witnessed due to following factors: 1 . Multiplexes comprises of 250-400 seats per screen as against 800-1000 seats in a single screen theater, which give multiplex users additional advantage, enabling them to optimize capacity utilization. second . Apart from these non-ticket revenues like food and cocktails and the leasing of excess space to retailer presents excess revenues to theatre developers. o Hotels/Resorts: while already mentioned above that rising major boom in property sector is due to rising incomes of middle class. For this reason with increase in income propensity to spend part of most of the income on tours and travels is also going up, which often leads to higher demand for hotels and resorts across the country. Apart from this India is also emerging as major place for global tourism in India which is pushing up the demand hotels/resorts. Path set by the government The field gained momentum after going through a decade of stagnation caused by initiatives taken by Indian government. The government has invented many progressive reform measures to unveil the future of the sector and also to meet increasing demand levels. a 100% FDI permitted in all reality projects through mechanical route. o In case of integrated townships, the minimum place to be developed has been brought down to 25 acres as a result of 100 acres. o Urban land ceiling and laws act has been abolished by large number of states. o Law of special economic zones act. o Full repatriation of original investment after 3 years. o 51% FDI allowed in single brand retail outlets and 100 % in cash and carry through the automatic route. Right now there fore all the above factors can be attributed towards this type of phenomenal growth of this sector. With significant growing and also investment opportunities emerging in this industry, Indian reality segment turned out to be a potential goldmine for many international investors. At this time, foreign direct investment (FDI) inflows into the sector happen to be estimated to be between US$ 5 billion and US$ 5. 50 billion. Top most real estate investors from the foray Investors profile The two most active segments are actually high networth individuals and financial institutions. Both these sectors are particularly active in commercial real estate. While banking institutions like HDFC and ICICI show high preference to get commercial investment, the high net worth individuals reveal interest in investing in residential as well as commercial properties. Apart from all these, the third most important category is NRI ( nonresident Indians). They mostly invest in residential properties than commercial components. Emotional attachment to native land could be reasons for his or her investment. And moreover the necessary documentation and formalities designed for purchasing immovable properties except agricultural and plantation real estate are quite simple. Therefore NRI's are showing greater fascination for investing in Indian reality sector. MAJOR INVESTORS to Emmar properties, of Dubai one of the largest listed housing developer in the world has tied up with Delhi based MGF developments to for largest FDI investment in Of india reality sector for mall and other facilities in Gurgaon. o Dlf India's leading real estate developer and BRITAIN 's famous Laing O Rourke (LOR) has attached hands for participation in airport modernization and national infrastructure projects. o A huge investment was made by Vancouver based upon Royal Indian raj international cooperation in a single real estate venture named royal garden city in Bangalore over amount of 10 years. The retail value of project was believed to be around $ 8. 9 billion. o Indiabulls real estate development has entered into agreement with dev property development, a company incorporated in Isle of Fella, whereby dev got subscription to new shares as well as minority shareholding the company. But in recent developments indiabulls contain acquired entire stake in dev property development from a 138 million-pound sterling (10. 9 billion ruppees) share-swap deal. o Apart from this real estate developments opens away opportunity for associated fields like home loans and insurance. Plenty of global have shown interest in this sector. This include vendors like Cesma International from Singapore, American International Staff Inc (AIG), High Point Rendel of the UK, Nest Capital and Brack Capital of the US, and Shelter Kim Tah Holdings to name a few. Following are details of some of the companies who have invested in India International creator Country Investment (US $ million) Emmar properties Dubai 500 Ascendas Singapore 350 Salem & ciputra team Indonesia 350 GE commercial finance U. S 63 Tishman Speyer Properties U. S 300 Simultaneously a large number of Indian retailers are entering into international markets through substantial investments in foreign markets. o Embassy group possesses signed a deal with Serbian government to construct US dollar 600 million IT park in Serbia. o Parsvanath developers is doing a project in Al - Hasan group in Oman o Puravankara developers are related to project in Srilanka- a high end residential complex, composed of 100 villas. o Ansals API tied up with Malaysia's UEM group to form a joint venture company, Ansal-API UEM contracts pvt ltd, which plans to bid regarding government contracts in Malaysia. o Kolkata's south place project is working on two projects in Dubai. Within the eve of liberalization as India opens up advertise to foreign players there is tend to be competitive edge to present quality based performance for costumer satisfaction which will therefore bring in quality technology and transparency in the sector plus ultimate winners are buyers of this situation. However this unique never ending growth phase of reality sector has been very hard hit by the global scenario from the beginning of 2008. Analyst say situation will prevail in near future, and most recently released buzz for the sector comes as a "slowdown". Sliding step of the reality sector In this present scenario of world-wide slowdown, where stock markets are plunging, interest rates as well as prices are mounting, the aftermath of this can now equally be felt on Indian real estate sector. Overall slowdown in demand can be witnessed all across India which is causing issues for the major industry players. Correcting property prices and rentals are eroding away the market capitalization of many placed companies like dlf and unitech. Fundaments behind slowdown... Propetry prices move because of the basic principle of call for and supply o when demand is high and supply very low prices will go up o When demand is affordable and supply high prices will go down. For example let's suppose that somebody has bought a property for Rs Times and he is trying to sell the property (say after a year), there can be three options, assumption being that the owner is in demand of money and cannot wait for more than 3 months selling the property. 1 . When the property prices are gliding almost everywhere: now owner will try to add as much premium to the residence as possible, in order to book profits, therefore he will wait for three months and sell off in last month at the finest bid. Where he ill get total of Rs X + Rs Y. 2 . When property rates have stabilized: here owner will not be able to sell within premium and book profits due to market stabilization & since he don't want to sell at a loss, he will make sure to get same amount he brought the property for. Whereby he'll get total of Rs X = Rs Y 3. when property prices are going down: operator will try to sell the property at least profit or least price tag. Therefore he ill get Rs X-RsY. Reality discounts in major cities like Delhi, Mumbai, Bangalore, Chennai and Hyderabad have shown enormous downfall from October 2007 - March 2008. The downfall had been cushioned by just fall in stock markets as it put a stop intended for wealth creation, which leads to shortage of capital within investors to invest in real estate activities. Apart from this in order to counteract their share losses many investors have no choice, and yet sell their real estate properties. Other factors which have contributed for this slowdown are raising interest rates leading to higher costs. Therefore almost all the developers are facing serious liquidity recession and facing difficulties in completing their ongoing ventures. Situation seems to be so disastrous that most of the companies experience reported 50-70% cash shortfall. The grade A makers which are facing cash crunch include DLF, MGF, Emmar, Shobha developers, Unitech, Omaxe, Parsvnath Developers, Hiranandani Team, Ansal API, BPTP Developers and TDI Group. In the form of outcome of this liquidity crunch many developers have begun slowing down or even stopped construction of projects which are sometimes in their initial stages of development or which would not even effect their bottom line in near future. Also with boosting input costs of steel iron and building information it has become it has become inviable for builders to develop properties at agreed prices. As a result there may be delays during completion of the project leading finical constraints. At the same time THE SOFTWARE industry which accounts for 70% of the total commercial is certainly facing a slowdown. Many residential buyers are awaiting price correction before buying any property, which can impression development plans of the builder. Aftermath of reality great shock to other sectors Cement industry hit by real truth slowdown The turbulence in the real estate sectors is death on pains in cement industry also. It is staying projected that growth rate of cement industry will probably drop down to 10% in current fiscal. The reasons lurking behind such a contingency are higher input costs, low markets valuations and scaled up capacity which are in turn ending in reduced demand in the industry. High inflation and mounting loan rates have slowed down the growth flight of real estate property sector which accounts for 60% of the total cement request. The major expansion plans announced by major sectors will further add to their misery as low current market demand will significantly reduced their capacity utilization. Starting new facilities will impart additional capacities of thirty four million tone and 45 million tone respectively throughout 2008-09 & 2009-10. This is likely to bring down capacity utilization in the industry down from current 101% to 82%. Whilst simultaneously it loses power to dictate prices, increased cost connected with power, fuel and freight will add pressure regarding input costs. Ambuja Cements too is trading at the higher discount than previous down cycle, suggesting backside valuations. However , replacement valuations for Madras Cements together with India Cements indicate scope for further downslide when comparing their previous down cycle valuations. All this has included to stagnation of the cement industry. Dying reality advertising The heat of reality ebb is also being felt by the endorsing industry. It is being estimated that all major developers which includes DLF, omaxe, ansals & parsvnath have decided to lower their advertising budget by around 5%. The selling industry in India is estimated to be around 10, 000 crore. This trend can be witnessed due to deterioration spirits of potential buyers and real estate companies call the software a reality check on their advertising budgets. A report from Adex India, a division of TAM Media Research, demonstrates that the share of real estate advertisements in print media discovered a drop of 2 percent during 2007 when compared with 2006. According to Adex, the share of real estate advertising campaign in overall print and TV advertising last year was basically 4 percent and 1 percent, respectively. It's a recognized fact that infrastructure and real estate companies are responsible for advertising market place maintaing double didgit growth rate. Therefore its recognized that a recent slowdown in iindian reality sector features made things worse for advertising industry. The Adex article indicates that the top 10 advertisers shared an aggregate for 16 percent of overall ad volumes of properties advertising in print during 2007. The list include titles such as DLF Group, Parsvnath, Sahara, HDIL and Omaxe group. However , the real estate had maximum share through South India publications followed by North and West magazines with 32% and 26% share, respectively, during 2007. According to many advertising agencies consultants, this phenomenon is without a doubt taking a toll as all real estate companies want the national foot print and also these companies are turning into individuals. Therefore they are setting standards when it comes to advertising to product sales ratio. Falling stock markets knock down reality stock option Reality stocks have been hard hit by uncertainties prevailing in the stock market. The BSE reality index is the most severe performer having shed 51% of its 52-week high reached in reality. The BSE benchmark index has garage 24% since January. The country's largest real estate organisation DLF scrip lost 54% while unitech lost 64% from its peak. The scrips of Delhi bottoms parsvnath and omaxe have lost 68% each because January. The sector is facing a major downfall on sales volume in most markets of the country. The speculators have exit the market and Mumbai and NCR, the real estate markets in markets are cladding subdued sales. On Gurgaon and Noida, which had seen prices essentially treble in four years, sales are down 70%, leading to a price correction of 10-20%. Lets us have a look ways major cities are affected by reality downfall. Top 4 metros taking the lead - in slowdown Delhi &NCR While bears are ruling the stock market, the real residence sector in Delhi & NCR region has began facing departure of speculative investors from the market. In accordance with these developers based in region the selling of residences has become very complicated at the launch stage due to deficit of interest from the speculators. Developers attribute this to firmness in prices against the past where prices were " up " surging on monthly basis. The scenario has transformed so much in the present year that developers are now facing issues in booking flats which may delay their projects and additionally reduce their pricing power for instance a year ago, should 100 flats were being sold in month at roll-out stage now it has come down 30-40 per month. Till middle of the 2007 speculators made quick money by booking a number of flats at launch of the project and exiting with few weeks or months. But now due to the stabilization of your property prices little scope is left for investors to make money in short term. Therefore outcome is their seek refuge from the sector. Mumbai Mumbai real estate market, which witnessed surge in prices in recent years, which made the city to input the league of world's most expensive cities, is now experience the heat of slowdown. Property sales that have been growing from a clank of around 20% every year have been plumped by simply 17% in 2007-08. Though slowdown news of real estate market in country's financial capital has been much outlined, but it was first time that figures proved the length of slowdown. Information about residential and commercial property sales and profits from the stamp duty registration office show almost 12, 000 fewer transactions during the last financial year compared to the time before. From April 2007 to March 2008, sixty two, 595 flats were purchased in Mumbai as to protect against 74, 555 in 2006-07. According to reality analyst revenues volume can die out further in south because developers persist on holding to their steep prices in addition to buyers anticipate a further fall with current rates outside of reach. They further add that market is about the corrective mode and downward trend is anticipated for the purpose of another 12 months. Between 1992-96, the market ran in the same way it did during 2003-07. Post-'96, the quantities of prints dropped by 50%. This time again it is expected to decline substantially though not so steeply. The demand is now highly sluggish and customers do not want to stick out their necks and transact at prevailing rates. Chennai in history few years we witnessed reality index gaining huge height on BSE and it also impact could be felt allover Indian. Amongst them Chennai was no exception. With IT increase in past few years and pumping of money through NRI's have led to prices touching skies. Chennai even witnessed a huge boom property prices over the last few years. Playing with past few months it has been facing slowdown in growth quote. Following factors can be attributed to this: o This is the common factor prevailing all over India- rise in home loans interest rates, which has made it extremely difficult for a normal salaried person to be able to afford a house. o Depreciation of US greenback, which means NRI's who were earlier pumping money into the realty are now able to get less number of rupees per dollar individuals earn in US. Therefore many of them have altered the plans for buying house in India. o Typically the Chennai Metropolitan Development Authority (CMDA) has imposed stricter norms for apartment construction and penalties for infractions are more severe than before. o Failure of the legalised system of chennai to prevent intrusion, forged documents along with illegal construction has added to the problem as many NRI'S will be hesitating to buy plots in chennai. o Apart from the tsunami of 2004 has shaken the confidence for many investors to invest in real estate. However many analyst are quite bullish about this region. Especially in areas like old mahabalipuram, south Chennai etc because of numerous IT/ITES/ electronics/automobile suppliers are expected to set up their centers in these areas. After these projects are complete and companies begin experditions their, many people would like to live near to such areas and even outcome will be boom in residential sector. Bangalore Because discussed for above cities Bangalore is also dwindling within similar scenarios. Bangalore seems to be in midst of minimal demand and supply. This trend is due to myopic developers, on account of sudden growth in Bangalore in last few years, wide range of builders have caught the opportunity of building residential houses thinking about their will be lot of employment, increase in salaries so because of this demand for housing. Past few years have been jovial pertaining to Bangalore as IT industry was doing well and banking not to mention retail sectors were expanding. However with this sudden market slowdown, due to which Indian stocks markets are shaking, interest rates are high, jobs and recruitment put on frost nova have led to cessation of investment in local building markets. According to the developers real-estate industry of Bangalore seems to have experienced a drop of about 15- 20% in contract volumes. Adding to it grade A developers have faced head on a dropdown of 50% on monthly levels of purchasing compared to what they enjoyed in December 2007. Foreseeable future outlook The real estate explosion in Indian real estate is because by the burgeoning IT and BPO industries. The primary reason for all these moves is that the Indian real estate will be tremendously attractive, because of basic demographics and a supply general shortage. Truly Indian real estate is having a dream run just for last five years. However in the current scenario Indian real estate market is going through a phase of correction in prices and also there are exaggerated possibilities that these increased prices are likely to gone down. In this scenario hat will be the future course of this market? Many analyst are of view that tightening in India's monetary policy, falling demand and growing liquidity concerns could have negative impact on profiles of real estate providers. Slowing down would also aid in the process of exit regarding some of the weaker entities from the market and increasing the strength of some of the established developers. A prolonged slowdown could also reduce the passion of private equity. Its also been projected that substantial development plans and aggressive land purchases have took a considerable increase in the financial leverage (debt/EBITDA) of most administrators, with the smaller players now being exposed to liquidity challenges for project execution as well as a general slowdown in place sales. Property developers hit by falling sales plus liquidity issues would need to reduce list prices to enhance interest, but many still seem to be holding on to the asking price - which, would delay the process of recovering demand as well as increase the risk of liquidity pressures. It was being considered that before the slowdown phase the projects were on the market without any hook at an extravagant rate. But today negative impact is highly visible as lot of advanced projects are still lying unsold. In such a scenario, there may be benefit in disguise as high profile speculators will be out building way for the actual users. But here also sector fronts trouble as correction in prices has been accompanied by strengthen in home loan rates by the banks which have led to erosion of purchasing power of middle and upper middle style majority of whom are covered in the category of end users or perhaps actual users. Therefore for future of real estate area analyst call for a wait and watch method to grab the best occasion with the hope of reduction in loan rates.

[shashsri]

Dollar dreams…and screams

December 21-23

Thursday brings azure skies and cool breeze. It also brings the news that Abhishek has finally decided on a car to buy. The preceding days were filled with us working out various permutations and combinations of less used, more mileage, good looks and less cost in selecting a car. So classified websites like gumtree.com were looked at, and used car dealers visited so as to get the best deal. Finally a silver Toyota Camry Altis is selected and the finances organised through an office loan.

Coming off a weekend where we got astounding deals on our refrigerator, washing machine and TV due to Christmas sales being on, we are on a dollar saving high of sorts. For money matters… A lot if you are in Australia.

It is considered one of the costliest countries to live in ( even if you stop converting everything into Rupees). Even the locals keep an eye out for good deals. Value for money takes on a bigger meaning here.

Friday brings a visit from our landlord, Mr G. Surprise, Surprise! He is also Indian. He migrated to Australia from Coimbatore 28 years ago, and got a job in a government department here. Having retired as a Director in the same department, he is now associated with an Australian media house. He lives in the city and keeps fairly busy ( his words). I am quite impressed by his capacity for hard work and pioneering spirit that has helped him reach this mark professionally and personally. The house we are in is valued at a little over a million Australian dollars. And he drove here today in an Audi. So….

Well, Mr G took a general look at the house and told me to contact him if anything comes up, and then left.

While I am still thinking about the enterprising spirit that so many emigres l have met have shown in making their fortunes in a new country, The car arrives.

Abhishek is happy, not only because we can now explore the city better, but also because the car came at a price lower than we had estimated. Apparantly there was a government auction and Abhishek made a good bid! We take it out for a spin, but not before a loudly protesting Akshobhya is wrestled into the child car seat and strapped in. The drive is exhilarating, more so due to the fine weather, and so a shopping trip is planned for the next day.

Being Christmas weekend, the shops are crazy full on Saturday, but we manage to stock up for the week on staples and specials. Saakhi lets out a huge “ooooh!” Of pleasure and excitement as we reach the ‘Gluten free’ aisle at Coles superstore. There is an array of cakes, cookies, bread, pizza bases, Breakfast cereals, chicken nuggets, flours etc – all Suited for gluten sensitive people.

Akshobhya, meanwhile, is perched on the child seat in the shopping cart, restraining belt on; and as we move around the store he pretends to be driving a car and goes “ toot toot!” like a car horn at intervals, much to the amusement of other shoppers.

So tooting we reach the dairy section. The sheer variety of milk boggles the mind. There is full fat, medium fat, low fat, lactose free, lactose free low fat, skim milk, A2 protein fortified, low fat permeate free… Phew! We grab the low fat variety for Saakhi and full fat for us, and move on.

The eggs rack causes some mirth as we find eggs boxed according to size– small, medium, large and extra large. These are further classified into coop laid and free range eggs. We settle for the large free range variety and move on to the meats.

Abhishek and Saakhi’s eyes grow wider and 'Eeww!’s grow longer as we make our way down the aisle. It starts with various cuts of beef, then pork cuts, then minces of both, then cuts of lamb. We anticipate that chicken will be next; but the lamb is followed by Crocodile Tail Steak. Then comes game such as veal, venison, quail, squab, even Kangaroo meat. By now even l am struggling to keep my lunch in. Finally tucked away in a tiny cubby space we find chicken. I am so paranoid about eating the wrong kind of meat that I read everything thrice, before picking up some chicken sausages and wings.

Gulping deep breaths to stay normal, we pay and leave. Next stop: the Indian grocery store.

It is named Kitchen King, and it has everything that an average Indian home would need. Not just the food stuff, but also utensils like pressure cooker, Idly steamers etc, puja items, brass diyas, bells, images of deities, even cosmetics and toiletries from India. There are also little pots of holy Tulsi plants for sale. A small section on sweets reveals laddoos, kaju katli and Gulab jamuns freshly made by the shop people for sale everyday. Besides the usual Atta, dal, rice and spices, we buy some kaju katli.

While I am shopping, I notice a steady stream of People from the subcontinent coming to the store to pick up stuff. The lady manning the counter is the co owner, an NRI. She tells me that the store also caters to Sri Lankan, Pakistani, Bangladeshi and Nepali people here.

Later inquires to Abhishek’s office people reveals that there’s another Indian grocery store named Bharat International. Yet another is Indian Grill– it is an Indian restaurant in Tuggeranong with an adjoining grocery store as well!

Next stop vegetable shop. One colleague suggested a visit to the weekly Fishwyck Vegetable market where growers come down to sell their produce; but Akshobhya is tired so we visit a nearby market instead. The veggies create a problem of plenty due to the sheer variety of everything. There are four-five kinds of onions: orange, white, purple big, purple small, pink small, etc; similar kinds of potatoes: white, red, brushed, washed, baby, all- purpose, each labelled with their speciality. Thus the baby potatoes are labelled 'good for mash’, and the white potatoes are labelled 'good for frying’ and so on. There are varieties of marrows( long, small, big fat), gourds (sweet, bitter, striped) carrots, tomatoes (soft, firm, juicy, cherry, seedless) cucumbers (young, big, contoured, small), lettuce ( green, red, black, purple) and lots of fruits– both grown in Australia or brought from countries like USA and NZ. Everything is fresh and HUGE in size, as if they’ve been fed some secret growth formula! Heads reeling, we make our purchases based on the 'all purpose’ and 'cost effective’ criteria and finally get home.

Thus ended my first encounter with the market in Canberra, and what a revelation it was!

Fyshwyck? Next week.

[mtcpoole-blog]

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