The latest figures* released by the Australian Bureau of Statistics (ABS) shows property investment is still in many people’s reach and many are using negative gearing to help them reach their financial goals; figures show 62 per cent of people who negatively gear one property have taxable incomes under $80,000. Breaking the figures down.
If you want to achieve your property dreams and goals, it’s important you have the right mindset. There will be times when paperwork seems overwhelming or you come across some other challenges, but when times get tough or a bit difficult, to keep ourselves motivated, we always say, everyone needs somewhere to live. Property.
We Australians love to renovate – just look at the number of TV renovation reality shows! Renovations are a great way of increasing the value of your property, but you do need to be properly prepared. Your whole life will be uprooted and it will get messy for starters. Then there is the added.
Joint ownership is becoming a more common way for people to get onto the property ladder, and/or buy an investment property. Also known as co-buying, this method of purchasing a property allows friends and family members to split the costs of both the purchase and on-going costs. On the face of it, it looks like.
If you’re thinking about selling in the future, as well as looking at what needs doing inside the house, it’s also good to think about giving the garden an upgrade too; remember first impressions count, and the front garden will be the first thing potential buyers will see. A well-presented, attractive garden or outside.
How many times have we heard our grandparents say ‘values just aren’t the same these days’? We can’t really comment on other people’s values, but we can on property values, and over the past 20 years, it’s been good news for investors; nationally property has increased by over 230 percent* and nearly 170 per cent.
If you’re thinking about selling your home, (or buying a property for that matter), it’s always a good idea to see what the market is doing in your local area. To get a measure of how an area is performing, two figures are often quoted – the mean (average) sales price and the medium.
If you’re looking to invest in property, here are some basics in today’s market. Understanding the market The property market does change and it is different to what it was ten or even five years ago. For starters, there are several incentives now for first-time buyers. This means depending on the property and the area,.