An interesting article written by Bob Korver for Smart Property Investment lists the key elements investors must know before buying a property using their self-managed super fund.
The article states that one of the best things about buying property through your (SMSF) is the low tax rate, currently at 15 per cent. But it’s not just the low tax, there are still two more important factors that you should take note of before investing your SMSF.
An article on the website The Adviser talks about the fall in property prices in Sydney and Melbourne. Property value in Sydney fell by 1.5% over the course of last month and 1.4% over the last quarter. Prices in Melbourne, over the same time frame, has fallen by 3.6% and 0.4%.
Experts are putting it down to affordability and tighter lending rules. It is worth noting that not only has the owner-occupier segment suffered but the investor activity has also grossly dropped.
You can read the original article here.
In an article for Your Investment Property, Phil McCarroll talks about Government’s crackdown on hordes of illegal properties. The Federal government has now divested 19 properties since introducing its crackdown. Presently, 7 properties have been confiscated and their total price runs up to more than $10 million.
Some of the properties were compliant in the past but given the alteration to the rules of foreign property investment, they have become non-compliant and shall be divested, too. In short, there may be more forced sales in immediate future.
You can read the original article here.
Phil McCarroll writes an article for the website Your Investment Property where he talks about a big increase in residential listings for Sydney for the month of October. There is a 22.5% rise compared to September and the figure stands at 28,827. This is a three-year high and an 11.6% leap compared to the figure registered in October.
While the number of sellers has increased, the buyer interest has flagged and sellers are expected to have a tough time ahead.
You can read the original article here.
Phil McCarroll writes an article for the website Your Investment Property where he says that the number of new homes built in the 12 months leading to June is a record in itself. The Australian Bureau of Statistics (ABS) has declared that 211,976 homes were built during this period. This Sydney construction boom marks a 16.9% increase from the year before.
Australia has seen value growth for three consecutive years now and it has happened only four times in the last six decades.
You can read the original article here.
Phil MacCarroll writes an article for the website Your Investment Property wherein he talks about a decline in Sydney’s vacancy rate despite the fact that the inner city housing stocks have been boosted. City wide vacancy rate dropped by -0.2% to sit on 1.8% and this tightening of vacancy is surprising given the introduction of new housing stock.
Fall in vacancy rate in Middle Sydney just reaffirms that tenants are looking for affordability and the same thing happening in outer regions point to a higher number of jobs there.
For the record, Illawarra in NSW has the lowest vacancy rate of 0.6%.
You can read the original article here.
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