Sydney has done so well in recent times that it has become quite an effort to amass an upfront deposit for your first Sydney property. Sometimes, you may have to pay as much as $250,000 as a lump sum payment before your lender makes a mortgage agreement for you. There is, however, a smart strategy for accumulating this kind of capital.
Archives for November 2015
Archives
Myth About Negative Gearing Busted
Kate Cull writes an article for the website Property Update wherein she talks about negative gearing and a report prepared by Deloitte Access Economics. The report called “Mythbusting Tax Reform” suggests that negative gearing is not evil and there is no sound argument in favour of abolishing it.
Property Market May Finally Cramp in 2016
Phil McCarroll writes an article for the website Your Investment Property wherein he argues about the next year being a slow one for the property market. After the year 2012, Australia’s housing market may grow to its feeblest, says McCarroll. We may witness something to the tune of 3-8% growth in 2016.
The Biggest Problem With Speculative Property Investment
There is a two-pronged approach to buying residential property. While one is a safe, time-tested bet, the other is what you may refer to as pure speculation and a risk-laden process even at the best of times.
Want to Buy Properties Below $1M? Look Beyond These Suburbs
George Raptis writes an article for the website Property Update in which he talks about certain areas of the Sydney property market where you cannot buy properties for less than $1 million.
10 Mistakes of Property Market Investment
Making mistakes at property market investment happens a lot more often than what you might think. You’ll hear about first-time homebuyers regretting their investment choices for various reasons.
But if you really think about it, many of these problems come from the same thing. Would-be investors simply lack the knowledge and preparation to make the right choices.
I’ve come up with 10 of the most common mistakes people make in property market investment. Try to see if you’ve experienced any of these investment faux pas.