People have bought properties with siblings in the past and it is something they do even today. Big deal! Is it not a nice way to accumulate equity, fetch rental income and live free of cost as an owner-occupier at the same time? So, what should your life and situation be like to come out a winner from this co-ownership agreement?
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Should You Buy Investment Property in Sydney in Spring?
There are certain questions for which the answers are never too direct or conclusive. I have often been asked whether spring is the best time to buy investment property in Sydney. You tell me! I can give you a good reason why it is and why it is not. Anyhow, let me discuss a few statistics with you before sharing what I feel about the question.
How To Maximise Rental Returns of Investment Properties
In my career, I have often been asked what kind of properties I associate with high rental returns. While there is no conclusive answer to this one, I feel that properties in good neighbourhoods of inner suburbs will never deceive you in terms of rental returns. This despite the volatility of the market!
Real Estate Supply Not Keeping Pace with Demand
We are not closing on a bubble! No we aren’t! Any impression of the same can be put down to lack of supply which is driving domestic real estate prices crazily. It is true that barring Belgium we are the country with highest price levels when you measure prices against relative entities like rent and income.
Investors Must Double-check Insurance Policy
As a landlord, you would definitely want to cover yourself for damage caused by malicious intent of the tenants. However, would you want to forego cover for accidental damage? Not really! This is why it is crucial that investors (read landlords) do not take a bargain, sub-standard insurance for themselves.
Property Investment as a Tax Saving Vehicle
In June 2014, Australian government on the whole amassed in excess of $1 billion in taxes each day. Not a single level of government in the country missed out on collecting less than $100 billion between March and June 2014. From $112.25 to $117.56, the leap has been 4.7% on an average. An average estimate is $1.3 billion in taxes each day.
