Unless you have benefitted from a matrimonial home via the Family Law Act or gained through a gift in Will, you will be at the receiving end of the Stamp Duty storm. Property taxes are pretty high for Australia when compared to other developed countries, suggests Anthony Keane for the website news.com.au
If a recent survey is to be believed, only 30% of mortgage seekers are doing the intelligent thing. Rest do not find the prospect of haggling for mortgage loans enticing. Yet, truth be told, your haggling capacity has direct impact on the mortgage deal you finally secure. After all, why will mortgage houses offer you lower interests or waive fee unless you ask them to do so (and be persistent)?
Property hunters sometimes get trapped in deals they could have fetched cheaper. To ensure a balancing act, the market presents a property bargain every once in a while. Here is taking a look at the best tips to hunt for such bargains.
Property in remote locations might look good for sometime but they only flatter to deceive. Pete Wargent for the Property Update writes why they fail time and again. Wargent starts with the example of Cairns where high rental yields and depreciation benefits were cited as great reasons for long time positive cash flow. GFC reduced the Cairns property prices to rubble, washing away their value by more than 30%.
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