January 2015 – Current Affairs
Target Distribution Rate for the GPS Invest Pooled Fund (“the Fund”) set to increase to 8.75% p.a.
Growth of the Fund has been excellent since we re-opened it for new investment in July 2014. The Fund is now getting close to what we consider to be an optimum size. At the present time, the Fund can accept a maximum of 14 new Investors and approximately $2.5m of new and additional funds. Once the Fund achieves what we consider to be its optimum size, new Investors will only be able to be accepted upon retirement of a current Investor.
Please contact Lisa, Bruce or me if you are interested in one of the final places or if you wish to add to your existing Fund balance. If you know of somebody who may be interested then please refer us to them.
Target Distribution Rate for the GPS Invest Pooled Fund to increase to 8.75% p.a. for all existing and new Investors as from 1st February 2015.
It is traditional in January each year to discuss the property market for the year ahead. I will stick to the “GPS Market” which is largely new residential units in Brisbane.
As a preliminary comment, I note that I do not pay too much attention to the hype in the general media. There is too much generalisation and reliance on statistically inaccurate data.
Brisbane has not seen the price growth of Sydney and Melbourne. It has continued to grow at a more sustainable rate of sub 5% and, to some degree, in alignment with the rate of inflation.I am relatively buoyant about 2015 for the “GPS Market”.
New Members to the GPS Team
Shortly before the Christmas break, Lisa and Jessie joined the Client Services Team at GPS. Lisa will be handling much of the Investor side of the business such as Investor enquiries, monthly statements and general correspondence; while Jessie will be assisting with accounting.I believe that both Lisa and Jessie’s approachable and helpful personalities will ensure that they are great additions to the GPS team. Please feel free to phone them to say ‘hello.’