Residential property prices might have peaked in 2010 as housing prices will remain flat or even drop over the next six months as big mortgage brokers report a 20 per cent drop in loan numbers. Aussie Home Loans managing director John Symond said the company’s new loan volumes had plunged 20 per cent in the …
Rents went down in the past 12 months?
Rents increased by 1.4 per cent nationally and 2.7 per cent in the capital cities over the past 12 months although house rents in Sydney, Melbourne and Darwin were flat, a report by property data collection agency RP Data found. At the same time, consumer prices rose at a faster pace in March 2011. According …
Sydney rental crisis is good news for property investors
The Sydney rental crisis has hit new heights with the number of people looking for properties with rents higher than $400 a week doubling in the past four years, according to an article published by the Sunday Telegraph. This is a bad news for renters while it is a good news for property investors as …
Continue reading “Sydney rental crisis is good news for property investors”
Property investment strategies – How to choose locations and styles for long term
Key Points for Capital Gain in Long Term * Buy property in the middle suburbs close to public transport corridors, shops and schools. * Buy low-maintenance, compact dwellings because of the shrinking family unit. Most property investors see the residential property investment is a long-term proposition because the property price takes about 7 to 10 …
Continue reading “Property investment strategies – How to choose locations and styles for long term”
Will you sell or hold when house prices are flat?
Property investors largely rely on capital growth for their returns and so if the perception is that housing prices have peaked and will remain flat, the sentiment shift could trigger the sale of properties, which will drive down prices. Will this happen? According to the latest Investor Pulse survey conducted by Business Day and Colmar Brunton …
Continue reading “Will you sell or hold when house prices are flat?”
Investors are not so confident on house prices 2011
The Investor Pulse survey, the first for 2011, reveals that 43 per cent of respondents expect property prices to increase by as much as 5 per cent in the year ahead, while 30 per cent expect prices to remain flat for the period. This result is in sharp contrast to a year ago when a …
Continue reading “Investors are not so confident on house prices 2011”
Investment property is still popular as suggested by Google
* Strong interest in property investing * Lots of foreign investors are interested in buying * Sydney, Sunshine coast, and Tasmania were the hot spots Investment property is still popular and seen as good investment move as suggested by the search volume of the top 100 investment property related keywords on Google Australia. It seems …
Continue reading “Investment property is still popular as suggested by Google”
Perth rental prediction for 2011
Where Perth rentals may go in 2011? There are both optimistic forecast and cautious opinion. According to Australian Property Monitors, $100 billion of resources projects will go ahead in Perth and this will lead to strong growth in the economy and wages and salaries. This will drive house price growth in Perth and put a …
Refinancing your home loan can lead to greater happiness
Refinancing your home loan has a variety of emotional benefits and can lead to greater happiness. According to new survey results from RAMS Home Loans, Australians who have refinanced their home loan with an Australian Financial Institution in the last 5 years have seen a variety of benefits including having fewer arguments with their partner, …
Continue reading “Refinancing your home loan can lead to greater happiness”
Flood levy and investment property
Taxpayers earning over $50,000 a year will be hit with a new 12-month flood levy from July 1, 2011. Those earning between $50,000 and $100,000 a year would pay an additional 0.5 per cent flood levy tax, while those earning over $100,000 would pay an additional 1 per cent tax. For example, if you earn …
Rents would increase 2.8 to 7 percent in 2011
RP Data said rents in capital cities are expected to increase by around 7 per cent during 2011 compared with the 4.2 percent increase in 2010 while NAB’s residential property survey, which tipped moderate falls in house prices in 2011, said rents would increase 2.8 per cent in the same period, and 4.1 per cent …
Continue reading “Rents would increase 2.8 to 7 percent in 2011”
Latest Sydney house price predictions 2011
Overall the Sydney house prices are likely to decline by 0-4 percent in 2011 while the rents are likely to increase by more than 7 percent. Here are some Sydney house prices and rents predictions for 2011. (1) Vacancy rates to remain tight for most of the market and that means at least 7-9 per …
Continue reading “Latest Sydney house price predictions 2011”
Should we pay off our mortgage?
Question: We currently have a $80,000 balance on the mortgage of our principal place of residence. We have $80,000 in a 5 per cent savings account with one of the big four banks and wonder how we could get more for it. Should we use the $80,000 savings to pay off our mortgage or we …
How to reduce capital gains tax on property through super?
Question: I would like to know how to reduce capital gains tax on investment properties by putting some of the proceeds into super. I sold an investment property in July 2010, which after the 50 percent discount has a CGT liability of $200,000. Can you explain the process of putting the money into super to …
Continue reading “How to reduce capital gains tax on property through super?”
What capital gains tax (CGT) on land sale will I pay on a sale of land?
Question: I am thinking of selling some land. I will pay out the mortgage on it and have $80,000 profit. Is there any way I could minimize the capital gains tax on sale of land? What sort of capital gains tax would I pay on land sale? Answer: If you have the property for more …
Continue reading “What capital gains tax (CGT) on land sale will I pay on a sale of land?”