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First time investor mistakes – Margaret Lomas shares her thoughts
Hi Margaret, We are looking to buy an investment property in the next couple of months, preferably a house on the Gold Coast, because we've lived there before and it's affordable. We have a house in Penrith, but Sydney is too expensive for what we're after at present....
New Capital Gains Tax introduced in the UK for overseas investors
A Capital Gains Tax (CGT) has been introduced in the United Kingdom by Chancellor George Osborne for foreigners who own property but do not reside there. The CGT tax of 28% will be introduced from April 2015. It will be imposed on the profit made by overseas investors...
RESIDENTIAL Vs COMMERCIAL PROPERTY?
It seems that the majority of property investors are more comfortable investing in residential properties compared to commercial properties. Most investors feel that they are more knowledgeable in the residential sector as more often than not investors have...
New infrastructure: Sydney areas to benefit
In the latest McGrath Report for Spring, we have outlined the five most important infrastructure projects in Sydney and Brisbane that are likely to impact property prices. We chose to run a dedicated section on this because there are several significant projects...
Landlord rules overhauled in Tasmania – likely to commence July 1st 2014
Landlord obligations will severely tighten in Tasmania following amendments to the Residential Tenancy Act being passed by parliament last month. Landlords are now barred from increasing rents in six month intervals, are required to maintain tenanted properties to a...
House, rental prices fall in Perth says the Real Estate Institute of Western Australia
THE average house price in Perth fell by about $14,000 in the September quarter, and rental prices have also eased, the Real Estate Institute of Western Australia says. REIWA says the metropolitan median house price for September decreased by 2.8 per cent to about...
Mortgage offset accounts, are they worth it?
Offset accounts are an established and attractive feature of many home loans today – but are they really worth having and will you actually benefit? The answer depends on your actual money habits and what happens once you buy the property and settle into your new...
Six tips for making a pre-auction offer
In Sydney around 30% of advertised auctions were sold before the auctioneer did any work. In a strong market many buyers fear the auction process because competition drives prices out of their reach. Auction clearance rates are high so there is no doubt we will...
ONCE upon a time, a woman’s place was in the home – these days, she wants to own it.
Almost half of Gen-Y women say owning their own home is their number one goal, according to an online Westpac survey of more than 1,500 Australians. Home ownership ranked above having children and getting married, which trailed behind at 14 per cent and five per cent...