What do you think the “buy and hold” real estate strategy could be? Well! To define, it is nothing but a method that asks you to ‘Buy’ a property below the fair market value and then ‘Hold’ it till the properties in the area appreciate- all this for making a decent profit on your investment.
Tracey's Property News
Hot agents Can Heat Up Property Prices
“But you see I am trying to look beyond you; it’s just that you are “clever as a devil and twice as pretty”. Are these the lines going through your mind when you meet a hot property agent looking to fix a deal with you? An interesting (and I am not using the term ‘interesting’ loosely) article on the website news.com.au suggests that attractive looking agents sell houses faster and for higher prices.
What’s the Future Outlook for Sydney Home Values?
While the nominal value for homes may have spiked distinctively, the real value or the inflation-adjusted value of properties have not seen any appreciable growth. Cameron Kusher for the “Research Blog” writes that the scene is definitely laced with gold when you compare it to the times of GFC but home values still leave a lot to be desired. Kusher feels that there is no big change around the corner either.
Superannuation Concessional Cap Raised By $10,000
The salary you sacrifice will reap super dividends for you and more quickly so if you are nearing 60 or already over it, reports Noel Whittaker for “The Observer”.
The superannuation concessional cap has been raised from $25,000 a year to $35,000 a year. So what does it mean in practice? You know that your employer is expected to put 9.25% of your yearly salary into your superannuation fund.
For somebody earning $100,000 a year, this amounts to only $9,250 so additionally that employee can now put $25,750 instead of $15,750 (which would have been the case had the concessional cap remained at $25,000) into his super.
While the salary he sacrifices definitely reduces his ‘take home’ (short-term loss) but the boost his superannuation fund gets outweighs the loss in “take home’ as well as the taxes he needs to pay on the contribution.
In this regard, Transition to Retirement (TTR) pensions can also come handy.
You can read the original article here.
Top 8 questions to ask tenants
There is a dialogue in Jack Finney’s “Time and Again” where the landlord asks a tenant for references and he replies “It’s true that I’m an escaped convict, an active counterfeiter, and occasional murderer. And I howl during the full of the moon. But I’m neat.”
Well! I don’t say for a moment that things could get as bad, but it’s always prudent to rent out your property after thoroughly checking with the prospective tenants. Conducting Due Diligence is part of your homework but equally important is to ask a few probing questions.
Sure-fire Way Of Succeeding With Property Investments
In his article appearing in the Property Update, Michael Yardney sheds light on Geoffrey James’s success formula. Yardney believes that the formula can be just as easily adapted for succeeding with property investments. It will benefit us to glance through the formula once.
