The Australian Dream or Great Australian Dream is a belief that in Australia, home ownership can lead to a better life and is an expression of success and security. Although this standard of living is enjoyed by many in the existing Australian population, rising house prices compared to average wages are making it increasingly difficult …
Find out why you cannot afford a property!
Research by The Sunday Telegraph has revealed for the first time how skilled immigrants – predominantly from Britain, India and China – are forcing house prices to some of the highest levels in the world when compared with average incomes. Almost 115,000 permanent skilled visas were issued last year, compared with just over 40,000 in …
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What investment property expenses can I claim as TAX deductions?
In order to maximize your total tax deductible amount at the end of the financial year for a property that’s negatively geared, there’s a range of expenses that can be included in the total annual cost of the property for deduction purposes. 1. Prepaid expenses It’s possible to claim any prepaid expenses that are related …
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Home loan rate to rise to at least 7.25 at end 2010
The futures market is predicting a 5% RBA cash rate at the end of the year which is 1.25 percentage points higher than it is now. Cash rate is currently at 3.75 per cent after three increases of a quarter of a percentage point in October, November and December in 2009. When cash rate increases …
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Are people crazy in buying properties?
Last Saturday (09/01/2010) I went to inspect a 1920’s brick property in West Ryde, Sydney. I arrived about 10 minutes earlier. To my surprise, there were already 5 couples there. Anyway, lots of work need to be done before you can move in. The agent told me the target price is high 700K which I …
Investment property rents likely to rise up to 11% in 2010
Rents are set to soar by as much as 11 percent this year, as landlords seek to cover rising costs amid a strengthening economy. Rents for homes across Australia increased nationally by a mere two per cent in 2009 – the weakest annual increase since 2002, the Australian Property Monitors’ Quarterly Rental Report says. Matthew Bell, …
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Home loan slump won’t stop interest rate rise
An economist says a sharp fall in the number of people taking out home loans is unlikely to stop the Reserve Bank from raising interest rates at its next board meeting in February – according to Yahoo Finance news. Seasonally adjusted figures released today by the Australian Bureau of Statistics show 59,516 new loans for …
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Can the free property investment spreadsheet be used for a single invester?
Question: “I notice that the free property investment spreadsheet assumes 2 incomes and sets of deductions. Can this spreadsheet also be used for a single invester rather than a couple with 2 incomes?” Answer: Yes. The free property investment spreadsheet can be used for one investor. Just change the Deductions 1 (%) under Deductions Splits (%) …
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6 Property Investment Tips to Avoid 3 Traps
Property Investment Tips Be logical and review these six groups of investment fundamental tips: 1. Location: Does it have schools? Shops? Day care? Car parking? Major shopping area? Cafes? Sporting facilities? 2. Transport: How do people get to work in that area? How far is it to bus stations or train stations? 3. Demographics: Look at …
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Should I buy a property now early in 2010?
Property buyers are being urged to take the plunge early in 2010 to avoid missing out on purchasing their dream property at a price they can afford, according to an article from Yahoo Finance published on 06/01/2010. Meighan Hetherington, Managing Director of Property Pursuit in Brisbane said, “Buyers need to realise that the peaks and …
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Where the property price will go if growth to triple in 2010?
Economists say economic growth is set to triple in 2010, according to Yahoo Finance. The Treasury and Reserve Bank expect the growth rate to return to around 3 per cent this year, up from around 1 per cent in 2009. But the surge in economic activity is expected to exacerbate the skills shortage and put …
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End of the First Home Buyer Grant Boost will NOT Hurt NSW and ACT Property
Angus Raine, CEO of Raine & Horne is optimistic for the residential property markets in NSW & ACT in 2010. “There is some concern the end of the First Home Owners Boost (FHOB) will hurt the market,” says Mr Raine. “I don’t agree with this assessment. The Federal Government was smart to extend the FHOB …
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What is the cost of coastal living?
It is fair to say that coastal property prices over the past few years are dragging capital city growth. However this means there are now more buying opportunities for people considering a sea change. The biggest advantage associated with coastal living is relatively cheaper costs. One recent industry report found that house prices in coastal …
How will the First Home Buyers Cap affect you?
With Australia’s economy continuing to rebound, the Federal Government has introduced a First Home Buyer’s Cap on new and existing homes, effective from January 1, 2010. Under the cap, fi rst home buyers will be restricted to purchasing homes less than $750,000 in NSW, WA and Northern Territory and $1 million in Queensland. Australian Property …
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How to Choose the Right Investment Property
For a long term investment, we must look at buying property in the major cities of Australia. In the smaller capital cities, try and stay within a 10 km radius of the CBD. For Melbourne and Sydney, we can go out to a 15 km radius. It is important to understand that we want our …
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