The upside of buying an off-the-plan townhouse or apartment should be competitive pricing that you’ll receive compared with similar properties that have already been built, plus the fact that your property is brand new. Your biggest challenge is to commit to a purchase based on a scale model, artist’s impressions and floor plan rather than…
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It’s an old cliché, but “position, position, position” is never more true than when selecting an investment property. The area and style of property in which you chose to invest will determine the type of tenant and level of rent that you will attract. You must research your target area. You want to know local…
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Three forms of investing in real estate that don’t require the outright purchase of a property, or offer a unique twist on ownership, are becoming increasingly popular. Rentvesting is an option increasingly favoured by young buyers, who buy and rent-out one property in a market they can afford, and then rent a different property in…
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Three forms of investing in real estate that don’t require the outright purchase of a property, or offer a unique twist on ownership, are becoming increasingly popular. Rentvesting is an option increasingly favoured by young buyers, who buy and rent-out one property in a market they can afford, and then rent a different property in…
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Building a property portfolio is a great way to build your wealth. Here, we outline the most common approaches. Know your Motivation: Building a property portfolio is not a small undertaking. It comes with calls on your time, money and focus. Be sure you know why you’re doing it. For example, are you trying to…
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Owning an investment property is a little like running a business. It provides a great source of income and builds personal wealth but inevitably comes with a series of costs that hit your bottom line. The great news for property investors is that many of these expenses are tax-deductible. It is a common misconception that…
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Buying off the plan is a tempting prospect, especially in a rising market. You’ll buy at today’s prices with a 10 per cent deposit and then reap the rewards of higher value when construction is finished. Two types of buyer really benefit from this arrangement. If you’re seeking a new home with lifestyle benefits, it…
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Owning a property offers attractive tax advantages in exchange for you contributing to the all-important supply of rental accommodation across the country. And with the end of the financial year fast approaching, this is the time to take stock of the income and expenditure related to your investment home or unit. A tax return that…
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The year is flying by and it is already time to prepare for the lodgements of your tax returns. For landlords, this is means you should be gathering your paperwork and checking the residential rental properties area of the ATO website to see what you can claim for this past fiscal year. It’s also a…
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With everything going on in the world right now, it’s easy to forget the end of the financial year is fast approaching. As a landlord, this is the time for you to gather your receipts, expenses such as the interest paid on the loan against your property, and to calculate your income. This way, you’re…
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