Finding a good tenant isn’t easy which is why it can be valuable to hire a good property manager. Focus on a prescribed set of qualities that make a good tenant rather than relying on intuition. And remember that the Fair Housing Act is designed to ensure any selection criteria is applied equally to all…
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Selecting a tenant carries an element of risk as a wrong choice can cost thousands of dollars in unpaid rent, damage to your property or both. There are no guarantees, but it’s possible to enjoy a relatively stress-free experience of renting property and building your personal wealth. Investing in a top-quality property manager will safeguard…
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Owning an investment property requires discipline around the organisation of your finances. While it’s important to use professional advice and services, such as those offered by an accountant, no investor should assume the general elements of a property investment will look after themselves. It’s vital that you stay on top of your mortgage and tax…
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Owning an investment property can offer attractive tax advantages in exchange for contributing to the nation’s supply of rental accommodation. In order to claim these advantages, it’s extremely important to keep your receipts. Being organised always helps maximise your tax position. Using a property manager can make this easier as you’ll receive an annual income…
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Investing in real estate isn’t just about finding a great property. You’ve got to make the numbers work or you’ll be seriously out of pocket. Many investors choose to be a landlord in their own neighbourhood while others buy further afield to take advantage of strong capital growth and rental yields. The first step is…
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While the pandemic and lockdowns have made it hard for many of us to plan for the future, investing in property has never been more relevant or important. The prevailing social and economic trends in Australia suggest real estate remains an excellent investment in your future even with strong price trends. A recent Treasury document,…
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Institutional investment in property often serves as a significant driver in real estate markets. Housing prices can reach new heights during certain periods. Values are typically influenced by factors like interest rates and institutional investor activity. Large numbers of properties may be acquired by institutional investors in active markets, while mortgage rates continue to play…
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There are several small but important misconceptions about property investment that can catch out new or would-be landlords. The Federal Government provides attractive financial incentives for property investment, and you don’t want to miss out on those benefits. But it can be easy to get it wrong and find yourself with a nasty letter from…
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Any experienced property investor will testify to the importance of record-keeping to ensure they gain all the tax advantages the government offers the nation’s landlords. And with the end of the tax year fast approaching, no property organised investor should be scrambling to find receipts and bills to file in their return for the Australian…
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It’s nearly tax time which means that it pays dividends if you’re an investor to spend a little time learning the financial arts of being a landlord. It can be a significant benefit to understand the principles of depreciation and capitalisation and write offs. This won’t make you an accountant, of course, but it will…
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