Do you want in on the beginning of a surge in rent and house prices with $100 billion spending on projects driving growth upward in one small region? Yes?

Energy is a major driver for growth in the property market now. World oil production has peaked, and once the global financial crisis eases, demand for oil will exceed supply. Experts are predicting petrol prices to exceed $2 a litre within 3 years.

Luckily Australia has vast reserves of coal and leads the world in coal seam gas production. This innovative technology releases pure methane gas from coal beds, which is then used to generate electricity, replacing heavy pollution from coal burning power stations. This gas resource can also be used for fueling cars and it would be advisable to look at gas-converting your petrol burner soon. You could even qualify for a $1750 grant for the cost of conversion.

The good news is that the town of Dalby, 210km west of Brisbane, in the massive Surat Basin coalfield is set to explode with growth and demand for housing.

Our buying network has secured most of the last available land in Dalby and we have negotiated discounts on land and construction that are only available to our clients.

These properties are not listed with agents and are all being sold before titles are released.

A house that cost $347,000 for land and construction recently sold for $416,000. Another just sold for $427,000. At handover of the house there is a potential capital gain of $60-80,000 .

A house that cost $335,000 to build rented for $550 per week. Similar properties are now renting for $550 plus per week. One just rented for $610 pw.

Eight months ago the average rent for new houses was $480 pw. Rent is expected to exceed $600 pw within a year.

Get in now and enjoy the upward surge. Call Vincent on 66857888.

We have been answering a lot of questions lately about changes to the First Home Home Owners Grant (FHOG) and would like to bring you up to date.

As of 30^th September 2009 the FHOG was reduced from $14,000 to $10,500 for purchase of established homes. At the end of December this will become $7,000.

If you are purchasing a new home or building in NSW the grant has been reduced to $17,000 at the end of September and then to $7,000 by the end of December.

Concessions of Stamp Duty will continue as they are with no Stamp duty payable for purchases under $500,000 in NSW.

Under the rules, first home buyers must move into their home within 12 months of purchase or the completion of construction and live in the home for a continuous six month period. If they do not move in within the required period, the grant must be refunded and stamp duty paid.

We have seen some people use the FHOG to enable them to get into an investment property, which they have renovated, and added value to, and either sell it for a profit or refinance it to release increased equity and then pay back the grant. In this way they have used the grant to enable them to enter the investment market when they otherwise would not have been able to, due to lack of funds.

There has never been a better time to enter the market with interest rates approaching historic lows and a generous government incentive which has been extended until the end of 2009.

At 888 Wealth Creation we specialise in providing free support for first home buyers with: