INVESTMENT TIP:
EXAMPLE OF SPLITTING A BUDGET INTO TWO PROPERTIES IN A FANTASTIC HIGH CAPITAL GROWTH HOT SPOT!
If you are wanting an affordable investment property portfolio, I am finding amazing solid built 2 bed apartments for my clients, great street appeal, great depreciations in what I consider one of the hottest high capital growth spots in Sydney, very close to a train station, major shopping centre and infrastructure, low $300's – achieving $400-$420 pw rent.
“Our Property Market is Guaranteed to Recover” and by the time you finish reading the following, you will understand why….
But before I explain, I’d like to comment on the debate about Australia's population growth and our nation’s capacity to house the growing number of new residents arriving on our shores. Some say we should limit immigration, while others argue that we need more skilled workers to boost our economy.
Although immigration has slowed in recent times, the projections for our future population have many concerned about where all of these people will live and how our already strained infrastructure and environment will cope.
The fact is Australia's population will get bigger under every realistic scenario according to a report by the Centre for Independent Studies, and no matter what politicians do, population growth is going to happen. This is a certainty.
GREEN LIGHT ON SMSF RENOVATIONS…..
Finally some good news from the ATO!
A draft ruling by the Australian Taxation Office has given self-managed superannuation fund members the ability to use money from inside their fund to renovate their property.
BUYERS AGENT IN SYDNEY – ALL AREAS OF SYDNEY
Are you tired of searching for your new home?
Are you not sure which Investment Property to buy?
Want your weekends back?
Want to know you have paid the right price for the right property?
HOW LONG DO I HAVE LEFT UNTIL THE NEW STAMP DUTY RULE KICKS IN?
DO I HAVE TO SETTLE BEFORE 01 JANUARY 2012?
OR DO I HAVE TO JUST HAVE ENTERED INTO A CONTRACT OF SALE BEFORE THIS DATE?
I am having lots of calls from confused First Time Buyer’s asking how long do they have left until the 01 January 2012 deadline kicks in for the stamp duty concession.
As of January 01 2012, first home buyers in NSW will no longer be able to claim stamp duty exemptions on existing homes valued up to $500,000. Instead, only first home buyers purchasing new homes and ‘off the plan’ will be eligible for the concession.
Eligible first home buyers do not pay duty on homes priced up to $500,000 and vacant land up to $300,000. Concessions on duty are available on a sliding scale for homes priced between $500,000 and $600,000 and for vacant land priced between $300,000 and $450,000. This scheme provides savings of up to $17,990 for first home buyers.
Deciding which type of property you purchase to create long term wealth from your property, it is important to know the type of property that will be in continuous strong demand into the future.
To me a good investment property is one that will always be in strong demand by owner occupiers. After all, home buyers purchase around 70 per cent of all properties on the market and they are the ones that push up property values.
