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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Buyers Be Smarter
In my opinion I feel it is silly how people buy when everyone else is buying during violent or crazy times. This year 18 weeks straight the clearance rate has been 80% plus with the grant being a starting solution for a deposit but in reality it is costing you more money. …Read More
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Improve your rental return, and increase the capital growth significantly and quickly
After Renovation
Before renovation
Would you like to improve your rental return, and increase the capital growth significantly and quickly, on your investment property.
There are great benefits for property owners to increase equity, rental yields and obtain greater depreciation for tax purposes. The potential additional equity to add is significant as is demonstrated in the case study of Herbert Street, St Kilda. A $42,000 renovation was undertaken, the increase in equity of the property was $80,000. In addition, the rental yield increased by $6,240 per year. …Read More
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Benefits in buying property
Benefits in buying property:
1. Property value increases over time. In fact we are experiencing it now.
2. It is inflation friendly and provides tax savings.
3. Tenants and the tax man help you service the property.
4. Great way of using other people’s money, for example the bank for accumulating your own income producing assets.
5. It is a better form of security. Banks prefer this. It is tangible.
6. It increases your borrowing potential. You can refinance the property and borrow against it without having to sell.
7. From the refinance you can proceed to buy the next property.
We all can do it. We just need to plan carefully, start saving for the deposit and put money aside each week.
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