There doesn’t seem to be a week go by without conflicting reports of a predicted property boom or bust. The truth is property values do follow a cycle – values rise, remain steady or even decline during certain phases of the cycle. And very often, while one area appears to be cooling or on the.
For those who have several properties, one investment strategy that has been touted around for a while now is releasing capital and living off the equity. The strategy works on the principle of you borrowing against one of the properties and you use that loan to live off. In the meantime, your property portfolio continues.
We’ve always said property in our area will significantly increase in value, and now it’s official – according to the latest Price Predictor Index (PPI) research from specialist property website hotspotting.com.au. the Newcastle and Lake Macquarie region is named as one of the 50 ‘supercharged’ suburbs in Australia. The website’s creator and property expert Terry.
Ten years ago, when people spoke about ‘the cloud’ they generally were referring to the fluffy white things we see in the sky. The social media platforms Facebook and Twitter were in their infancy and no one had heard of Instagram or Snapchat. We had to watch television programmes when they were broadcast and head.
As well as having building and pest inspections, did you know you’re entitled to a final inspection of the property you are buying before you take possession of it? Known as a pre-settlement inspection, this inspection is your chance to check all fixtures and fittings are working and to confirm all the contractual requirements and.
With the financial year-end behind us, now is the ideal time to get organised and make a few new financial year resolutions to get you on your way to reaching your financial goals. Regularly review your finances It’s always good to review your finances from time to time so this year, put a note.
The latest Housing Industry Association (HIA)’s Stamp Duty Watch report (found at www.hia.com.au) shows stamp duty in Australia has doubled in the last 8 years. Stamp duty is the tax paid on any property purchase. It is based on a proportion of a transaction’s value and in Australia, is charged on a sliding scale; property.
Short-term lettings are under the spotlight again following changes to the State’s short-term letting laws. The new rules aim to address impacts such as noise levels, disruptive guests and effects on shared neighbourhood amenities. Strata owner corporations now have the power to introduce by-laws prohibiting the short-term letting of houses or apartments in their block.