Considering a site’s flood opportunities and constraints is vital on any development.
To commission a roofing specialist to check drains, pipes and tiles, expect to pay a few hundred dollars, which will be money well spent, as problems on, or in, the roof have the potential to be very tricky and therefore costly to repair.
The benefits of rentvesting come down to two main elements: cash flow (the return generated on money spent) and compound growth.
Before you dive into the property market for the first time, the following tips will make sure you’re ready and comfortable with your choice.
Pleasingly, since the Christmas and New Year period there has been more balance and stability in the market with the median house price evening out and sales activity increasing 15 per cent on the December 2015 quarter.
People are interested in knowing how to invest in an Australian home.
It's not just about interest rates any more.
The key to making sure our tenants pay their rent on time starts with a very thorough application checking process, clear instructions on how the rent is to be paid, setting our rental payment expectations at the beginning of the tenancy and being clear about what happens if the tenants fall behind.
There is no doubt that the taxation of housing will continue to be a top issue for debate as we head into an election this year.
I believe that some clever legal minds will devise some form of off plan ‘put and call’ style of agreement that operates outside of the Conveyancing Act and therefore may be drafted to essentially re-instate a form of sunset provision.
While it’s impossible to predict price growth, the level of development taking place in Millers Point and its surrounds has generated confidence in the region which I anticipate will have a major and direct impact on property prices now and in the years to come.
What generally has been overlooked when considering the ATO Taxation statistics in previous years is the increasing value to the economy for the trades, cleaners, gardeners, plasterers, chippies, sparkies, plumbers and others that come from the property investor that pays out when things break, need repair or maintained.
There is eighty years of Australian history to highlight the importance of negative gearing to Australia’s economy.
This could equate to an extra $50 per week in the investor’s pocket, showing the value of claiming depreciation correctly.
These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.