Traditionally this time of year has always been a ‘no-no’ when it comes to buying or selling houses; with Christmas and New Year around the corner everyone is focused on shopping, taking a break, spending time with family and friends, and partying, right? To a certain degree, this is correct, but this season also presents.
Whichever way you look at it, unless you are exceedingly lucky, property is a long-term investment, and there are three main types of investment strategies property investors use: capital growth, cash flow, and compound growth. Some people use one strategy, and others use a mixture in their property portfolios. Here are the pros and cons.
A few months ago, we highlighted Stamp Duty in Australia had doubled in the last 8 years, which is why the recent NSW Treasurer’s announcement of overhauling the system is welcome news. Stamp Duty is the tax paid on any property purchase. Currently based on a proportion of a transaction’s value and in Australia, it.
Contrary to popular belief, most people actually enjoy renting according to The Private Rental Sector in Australia report published by Bankwest Curtin Economics Centre. This report gives us a great insight into the state of Australia’s private rental sector (PRS) through analysis of 2016 census data and a survey of 3,182 Australian private renters. The.
There’s a bit more to selling a home than sticking a for sale sign outside the property, taking a few photos and putting them online. When a property hits the market for the first time, you want impact and people through the door. Putting a property on the market requires thought and planning. Once it’s.
Whether you’re living in a property or renting it out, wear and tear, as oppose to damage to a property is something which happens to every property. As a landlord, you often cannot claim on the insurance for any damage deemed as wear and tear – nor can you claim on the departing tenant’s bond..
Whether you’re an investor or a home owner, renovating and remodelling are terms frequently used when referring to property improvements. While these terms are often used interchangeable, the meanings are actually quite different. Renovating Also known as modernising or restyling, renovating generally means improving a broken, damaged, or outdated part of the property. For instance,.
Apartments can offer some very attractive opportunities for investors, the first one being they are often an affordable entry point into the investment property market. However, like every property, there are some factors you should consider before putting in your offer. You want to be sure you’ll get some return on your investment with the.