Forces of Nature & Interest Rate Rises
As ash from Iceland’s volcano (Eyjafjallajokull) - (I jaf jala jo cool) can’t pronounce this either ! - kept the European airspace shut down last week affecting millions of travellers around the world & World Health Organizations issued health warnings to Europeans with respiratory conditions (please don’t breath too much, as if!) and glacial floods continued to be triggered by this volcanic eruption, we ask ourselves the vital question - “is what is happening around us affecting the way we feel, act and make the decisions we need to make on a daily basis”.
If you were absorbed with this incredible occurrence that affected us all with amazement last week, then you were probably missing …Read More
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Managing Your Home Equity
A Home Equity Loan can be a powerful tool to build your wealth. Here is an example to show you how:
Michael and Denise purchased their home in 1995 for $220,000 with a mortgage of $180,000. By 2001 the house had increased in value to $320,000 and they had reduced their mortgage to $160,000, giving them equity in their home of $160,000.
At that time they borrowed a further $80,000 against the value of their home, as a deposit on an investment property. Over the coming years the value of both properties increased …Read More
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Property managers with cheap fees
The fees for the property management services can vary. This can be determined according to the area the investment property is in and the level of service an investor requires. Investors will find it helpful if they research and find out what the average fees are in the area their property is in. Fees vary from state to state, and you may also find a variance between inner-city suburbs opposed to outer suburbs.
If an agents fees seem below average, it may be worthwhile to find out why the fees are lower and consider what you are not …Read More
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Don’t be quiet, make a bid at auction!!!
The REIV have recently brought out some statistics relating to selling at auction and its shows that most properties on the market are selling at auction, fewer properties are being negotiated after the property has been passed in.
This year only 124 properties or 1% have been sold after auction. …Read More
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Market Gone Mad
The market is still very unpredictable, 25 weeks straight in the 80%+ clearance rate which this week being 79%. With interest rates going slightly up and the grant finishing up on 6th December 2009 it will be a volcano with prices to rocket in the next 3-4 weeks. …Read More
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Are you looking to buy a new home and you find your dream home
Are you looking to buy a new home and you find your dream home?
Would you buy before you sell?
Would you risk losing the home of your dreams if the timing was not right?
Some tips for the un- seasoned! …Read More
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Recognising the Difference between Repairs & Improvements for Investment Property Owners
When investors make claims for deductions in their tax returns it is important to know that the Australian Taxation Office (ATO) will differentiate between a REPAIR and an IMPROVEMENT. This is important to know the difference as it could save you thousands of dollars at tax time.
So what is classed as a repair and what is classed as an improvement? …Read More
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Landlords, Tenants and Pets – Providing a Pet Friendly Property
Pets provide an interesting dilemma for landlords. Often tenants with pets have a real struggle to find a suitable rental property. In our experience we have found that people with pets are good stable tenants who remain in a property for longer than the average tenant as they may find suitable alternative accommodation hard to find. So we suggest you do not rule out people with pets, but instead remain flexible and open to prospective tenants with pets. …Read More
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4 Steps to back to basics cleaning
Spring is here we need to get our homes clean spick-and-span all ready for summer and the holiday season. I cannot stress enough that a clean neat tidy home actually reflects what the occupant is really like. Would you not like to come home to peace and quiet and harmonious environment? You become more relaxed and happy and will get more motivated and energized in your personal life. …Read More
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“PAYING THE BILLS” – Should my property manager pay the bills on my behalf?
Organise your property manager to pay bills on your behalf from the incoming rental income. This will assist you at the end of the financial year, as all expenses paid by the property manager will be outlined on the end of financial year statement you will receive.
This will assist your accountant when it comes time to organise your tax and any money spent on the property can be claimed. Most importantly it will save you time.
Ensure you ask the relevant organisations to direct any regular invoices to the property manager e.g. owner’s corporation fees, water rates, council rates and land rates and taxes. Water usage is payable by the tenant provided the water is separately metered. If it isn’t, the landlord must pay for this.
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