Ideally, holidays should mean a small time-warp free from the stress of everyday life. However, leaving behind an unattended home is in itself a stress-inducing factor. Hence, the idea is to take a few smart precautions before setting out on your pleasure trip. I read an engaging article which suggests 8 tricks to keep your home safe in your absence. Disclaimer- Some of these tips are only for your greater peace of mind and not related to burglary in any way.
Tracey's Property News
It’s unethical for agents to deal in newspaper ads for clients
Real estate agents seeking newspaper ads to display their clients’ properties may not be your best bet, claims Terry Ryder in an ATO data-matching tool set to track tax evasion very closely
With ATO’s data-matching tool set to report any tax-omissions, taxpayers will come under constant scrutiny, reports Larry Schlesinger. In his article for the Property Observer, he suggests how there will be a complete tab on the residential and commercial property sales from here on and nearly 10.4 million taxpayers will have to toe the ATO line (unfailingly).
SMSF can help save tax payments on capital gains
Self-Managed Super Funds (SMSFs) are making headlines and for all the right reasons too. Kate Farelly in one of her more recent articles suggests how property investments in SMSFs are increasing by the day. Investors are wary of managed-funds are not willing to put their money in share market either despite its steadiness (old memories are playing on their minds).
Investment in SMSF can save on 15% of tax that is otherwise incurred on capital gains and rental income. If you can hold your property till the superannuation phase, you are exempted from paying any tax at all. Of course, there are disclaimers- 1) none of your friends or family should live in the family. 2) You cannot perform Home Staging on the property with borrowed funds.
If you are in your youth and looking to improve on your asset base, SMSFs may not be your best bet, argues Farelly. After all, the working legislation in this country does not permit refinancing and subsequent equity building for the task of purchasing new property.
Self management versus property managers
Would you like to manage your property yourself or would you rather invest in a property manager? Well! Many arguments point in favour of the property managers says Carolyn Majda in an House prices to remain steady in near future says HIA
Australian property market is going through one of its more stable phases. It is running close to long-term moving averages and thus it may not witness large price swings anytime soon, says Larry Schlesinger in an article for the Property Observer. Australia is well-placed on the stability slope because it has its basics in the right place. The prime determinants- house prices- earnings- mortgage repayments form a healthy graph.
Owing to weak volumes of transaction, house prices have not got the necessary momentum in the past but things have changed lately. Already, the residential constructors are laughing all the way to the bank, given the steady price movement.
