It is any investor’s dream to buy in an area which has historically registered smart capital growth. Add to this the time-tested principles of buying in a fast-developing neighbourhood and moving in sync with shifting paradigms- proximity to urban location, cafe culture, among other things. This said, the importance of researching median prices cannot be overestimated. After all, it gives you a rather precise idea of how property is priced for the given area.
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Beware Of The “Demolition” Verdict On Your Old Strata Complex Unit
NSW has displayed great momentum whether you talk about the new dwelling construction figures, median housing prices or the off-the-plan projects. It also carries the present darling of the crowd, Sydney, in its cradle. All this will definitely make you interested in buying in NSW. However, if you are planning to buy an old unit lot, you will have to contend with changes in the strata by laws. Let me try and give you insight into how they may impact your buying approach.
SMSF Investments In Residential Properties – A Mixed Blessing
Data furnished by the Reserve Bank of Australia in September reveals that nearly $18 billion in Self Managed Super Funds (SMSFs) is invested in the residential real estate. This, as a ballpark projection, represents nearly 3.6% of the total SMSF kitty (evaluated at roughly $500 billion).
Questions For Your Existing Investment Property
In the last 18 months or so rental returns have come up a long way. Yet, many landlords, unaware of the situation keep charging rents a lot below market standards. I know a few people who are happily paying meagre rents praying each day that their landlords do not come to know of the existing market rates.
This is not the only aspect which a landlord should be informed about. In addition, he should know everything about the tenancy agreement, history of rent payments, council compliance reports and so on. The job is willingly undertaken by a property manager if you have employed one. If not, it falls within your ambit of diligence. Let me take you through a few facets of landlord-ship.
Strategies To Brighten Your Borrowing prospects
Lending institutions are there for a purpose. It is their duty (and their business interest too) to forward us loans. However, it is not their responsibility to tell us what loan arrangement may suit us best. Thus is it important to conduct one’s homework and be as inquisitive as possible when dealing with banks and other lending institutions. Let me try and focus on a few areas which buyers will do well to be informed about.
How To Find The Perfect Investment Property
Focussed property investors always keep an eye on capital gains and rental yields. How much does a capital asset increase in value over time cannot be estimated right at the outset. However, you will invariably be rewarded with capital gains if you buy your investment property in right location and in historically strong areas which also fall within the ambit of active town planning for future.
