Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
There are many points at which you have a chance to stop or postpone your house from being repossessed, if you take heed of the warnings. It is a scary place to be when you think you can’t make the repayments, but don’t be fooled into thinking that you’re powerless. Seek Advice If you think …
Continue reading “What Your Options are if Your Home is Under Threat of Repossession?”
The Reserve Bank of Australia has cut the cash rate to a record low of 2.75 per cent today (07/05/2013) at its board meeting. Among of the big four banks, 3 of them have passed on the full rate cut. NAB was first out of the blocks, announcings shortly after the RBA’s decision it would …
Continue reading “Cash rate is at a record low of 2.75 per cent as of May 2013”
According to property analysts RP Data, house prices contracted by 0.5 per cent over the month of April after posting a solid 2.8 per cent gain over the first three months of 2013. Across the major cities: Sydney values were down 0.4 per cent, Melbourne’s fell 0.5 per cent, Brisbane’s dropped 0.7 per cent, Perth’s fell …
Negative gearing was identified as one of the key drains on personal tax collections. Negatively geared property investors lost an astonishing $13.2 billion in 2010-11, up from $10.1 billion the year before. The latest Tax Office statistics show the average loss per negatively geared investor was $10,950, up from $9130 the year before. The average loss for …
Continue reading “About Negative Gearing – Some Interesting Facts”
As a property investor can you ignore the strata levy though nobody likes them? The short answer is NO! Why you should NOT ignore it Firstly, a compulsory 10 per cent penalty interest rate is applied to all overdue levies. Secondly, as well as interest, the costs of recovering the debt are entirely payable by …
Continue reading “What will happen when you don’t pay the strata fee on time?”