This warning is very timely as it is expected that house prices in most parts of WA will remain fairly steady during 2015 and therefore there will be no significant capital growth to offset any major expenditures on home renovations.
Australia has high home ownership levels and people often consider their home to be the foundation of their lifestyles. Given this, access to multiple transport options including active transport is a very real factor considered by potential home buyers.
Investors consider residential property a low-risk investment with guaranteed returns when compared to other options.
The above rules have been tried and tested by many investors smarter and more successful than myself.
Research everything that you are being told.
March 28 will prove to be an excellent barometer of the continuing strength of the Sydney auction market.
Seizing on a growing gap in the market, a buyer’s agent acts for and is paid by the purchaser. Time poor investor types find this service particularly worthwhile.
What many agents fail to realise is that if you build a long-term relationship with every client, the power of the past will turn full circle and come back to aid their career again and again.
The quality of care in aged care facilities or retirement homes is as much about facilitating a homely experience and preservation of identity for the incoming resident, as the quality and cost of the physical environment alone.
Make it mandatory to advertise the reserve price of a property up for auction.
The potential implications to scrapping negative gearing will be spread a lot further than property investor’s tax returns.
The somewhat parochial nature of domestic Australian investors results in a constant pool of capital that is either invested in property, shares or cash.
The banks, including all four majors, were quick to pass on the cash rate reduction but understanding what is happening with interest rates goes far beyond a bank’s Standard Variable Rate.
In setting the fee level for Australia, REIA encourages the Government to consider the equivalent global rates and not discourage foreign investment that has been proven to increase the supply of new housing at a time of a severe shortage.
Asking questions in an interview demonstrates your interest.