While homeowner’s insurance isn’t required by law, it is often required if you are taking out a mortgage in order to purchase your home. There are a lot of things that you need to think about when purchasing homeowner’s insurance, including what types of coverage you think you need. This can be a challenging task, … Continued
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When you’re trying to secure finance for an investment property, it’s important to keep a few simple rules in mind to make sure you get the best deal possible and will be able to afford the repayments, come what may. If you’re thinking about purchasing an investment property, it’s important to manage the risks adequately. … Continued
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Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application … Continued
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Most of us regard work-life balance as something of a holy grail; we’re on a continuous quest for it, we know it’s there, but somehow it continues to elude us. Few people realise it’s often how you make your income and what you do with it that is the key to achieving balance. That’s why … Continued
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Being in business means accepting some level of risk right? Well that may be true, but there is no need for the long arm of your creditors to extend to the roof over your head! You have worked long and hard to pay off your home, and whilst this is a good thing, it was … Continued
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The growth of home loans arranged through mortgage brokers has increased greatly of late – Australia is rapidly catching up on the US and UK in its use of brokers. In fact, around half of all home loans are now arranged by a mortgage broker. Here are six reasons why people are using brokers, when … Continued
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If you’ve frequently been asking yourself if it’s the right time to buy a home, there are several things to first consider. Three things to think about are the current market conditions, the interest rates, and the amount of available housing. Current Market The current market conditions may help you determine if it is … Continued
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Every vendor wants to achieve the best possible price for their property when it goes to market; however the majority remain confused about the best sales technique to get results. There’s a good reason everyone is so confused – there is no absolute right or wrong method. As someone who buys properties for a living, … Continued
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Source: Chris Gray, CEO of Empire which builds property portfolios for other people – searching, negotiating and renovating on their behalf. For clients or to add to his personal portfolio, Chris buys around 1-2 property per week, providing a unique insight into market conditions and buyer and seller sentiment. Chris hosts “Your Property Empire’ each … Continued
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One question investors often ask about claiming depreciation on a rental property is ‘how will these claims affect Capital Gains Tax (CGT) when the property is sold?’
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Source: Toby Giordano from ACF The new NAB Quarterly Australian Residential Property Survey has polled over 300 industry experts to discover their key predictions for the property market this year.
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Did you know, you can claim deductions in the form of property depreciation for an industrial investment property? Legislation set by the Australian Taxation Office (ATO) allows the owners of any income producing property to claim depreciation.
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Source: Toby Giordano from ACF If you’re considering real estate in 2015, the outlook is certainly looking great. Experts say our current low interest rates may be cut even further in the coming months – making the property market a particularly attractive investment right now.
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The ATO is examining arrangements where property developers are using trusts to return the proceeds from property developments as capital gains instead of income on revenue account. ATO Deputy Commissioner Tim Dyce said the ATO has “begun auditing property developers who are carrying out activities which conflict with their stated purpose of capital investment”.
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The growth of home loans arranged through mortgage brokers has increased greatly of late – Australia is rapidly catching up on the US and UK in its use of brokers. In fact, around half of all home loans are now arranged by a mortgage broker.
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Once you’ve made the decision to sell your home, chances are you’d like to do it as soon as possible. While some houses sell almost as quickly as they hit the market, others sit for a considerable amount of time without generating any offers from prospective buyers.
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