Investment may fall within the broad category of commerce but it is every bit an art. A Motley Fool staff writing for The Motley Fool has put together a rich assortment of ideas on the art of investment – altogether 8 tips for making good investments. There are gems of thoughts to choose from.
Archives for May 2013
Archives
More Success in Selling Property in Winter
Selling property in winter is more successful according to Larry Schlesinger from Property Observer. In his recent article, Schlesinger points out that while many vendors wait until spring to start selling property, there are those who take advantage of less competition in the cold months and have more success.
These vendors say that they get almost the same amount of money if they sell in spring.
They believe that property owners should sell when it’s convenient and do not have to wait for a specific season. Why wait when you can sell now?
Read the full article here.
Abolishing negative gearing would be bad news for the property market
The Australian government has declared a fiscal deficit of $12 billion but the situation does not warrant the abolition of Negative Gearing. Stacey Moseley for the Real Estate Business writes that the proposition to abolish Negative Gearing in order to redeem the Federal Budget could have some serious consequences for the property market.
The Best Way to Insure Your Property Investment Portfolio
The property market has so much to offer, but you have to be prudent in your understanding of the market-scene. The real estate world moves through a series of crests and troughs and hence it is in your best interest to diversify your property investment portfolio. Mark Armstrong for the Property Observer writes that you can do it in two ways.
The best and the worst property investment advice
Property investment is not easy. If someone claims it is easy, he is lying through his teeth and it might just be the worst property investment advice that he has to offer, says Michael Yardney for the Property Update.
Australian landlords claim $38.6 billion as tax deductions
Australia’s army of 1.76 million landlords has made a cumulative claim for $38.6 billion in tax deductions for the tax year ending 2011. Larry Schlesinger for the Property Observer writes that the amount translates into a ballpark figure of $23,000 per landlord.
Comparing facts:
- For the tax year ending 2010, the figure was $32.8 billion. This implies a leap of 18%.
- Instead of $23000 per landlord this year, the figure was $19000 last tax year.
- Among the deductions claimed this annual, the largest kitty belonged to “deductions for interest paid on home loans”.
Australian landlords can make a deductions claim if they procure a property for creating assessable income for themselves.
An important pre-consideration: Landlords can claim deductions for the expenses on maintenance and repair-work of a property but not on the costs incurred on renovation or home staging.
Landlords can also seek further rental deductions for expenses which include, but are not limited to, legal costs, consultant’s fee, advertisement costs, realtor’s fee, property manager’s fee. You can read the full article here.