So you have made your choice! Does not matter whether it is your dream home or another feather in your property portfolio, a property purchase should not be deemed complete till the point of settlement. I am a buyer’s agent and I know my position in the real estate world (quite proud of it, too) but settlement requires a conveyancer, above and beyond any other professional.
Tracey's Property News
The Question of Land Content Value of an Apartment
We know the grind- land can only appreciate in value because “they are not making any more of it”. This makes the detached houses the traditional favourites (still going strong) of the property investors; after all, they have a redoubtable underlying land value. This said, how does the situation play out in the case of apartments?
Diversification a Must For Investment portfolio
A strong portfolio is every investor’s dream but can strength ever be attained without laying emphasis on property diversification? What if a particular market bears the brunt of negative consumer sentiment or a natural phenomenon? Let us say you bought a dozen waterfront properties only to see your dreams ‘washed away’ by a tsunami and subsequently poor word of mouth against such properties.
Research Crucial Before Buying a Home
Due Diligence forms the core of a home purchase; and this is irrespective of the fact whether you are a first home buyer or a seasoned investor. There are a few things you aren’t generally told about but from your side, your research should be immaculate in these regards.
Tax Recommendations for Property Investors
In an article for the website realestate.com.au, Venessa Paech talks about how property investors should approach their taxes and how best should they claim their rental deductions.
Here are 9 tax recommendations for them:
- Do not claim capital improvements as an immediate deduction.
- Shy away from paying prepay interest
- Organise a depreciation schedule
- Claim the cost you fork out to inspect properties
- Use PayG Withholding Variation Application for negatively geared properties
- Disclose foreign property investments
- Keep receipts to justify your claims
- Bring down CGT
- Hire a top accountant
You can read the original article here.
RBA Asks Property Investors to Use Prudence
The Australian housing market has managed to keep both the ‘investor’ and the ‘speculator’ within us engaged. It has rallied really well in the last couple of years and Sydney in particular has bucked every former trend and broken all the high walls of growth.
