Can I get a LVR 95% home loan (you can download a free Excel LVR calculator)? The answer is yes. In August 2010, the Commonwealth Bank, Westpac and the ANZ relaxed their lending criteria. Westpac lifted its maximum LVR to 92 per cent while the ANZ went further, to a maximum LVR of 95 per cent. …
Do I have to pay capital gains tax on the half property I inherited from my spouse?
Question: My spouse and I owned an investment property in joint names until my partner’s death 10 years ago, when I became sole owner. The property was sold last year. The property was not our main home. Do I have to pay capital gains tax on the half I inherited? Answer: If the property was …
Property investment strategies – How to pick a good investment property
Should I pick an investment property by capital growth or rental return? Should I invest in houses or units? Property investing has become a popular Australian past time with one in ten taxpayers owning a negatively geared property. But just what makes a good bricks-and-mortar investment? It’s not about buying any old house or unit, …
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Which house price you should trust: median price or average price?
You might often hear median price and average house price. What is the difference between median price and average price? Which one you should use as a reference when you want to purchase properties? Difference between median price and average price Averaging adds up property prices in a list and divides by the number of …
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Is the Ultimate Property Calculator suitable for managing investment properties?
Well, yes and no. In the sense of yes, you can include your existing properties into the calculator. You can input all the rental related information, income information, expenses, and tax information etc on a yearly basis. However, the Ultimate property investment calculator is an investment property analysis program not an accountancy program so you should …
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What reduces the value of a property?
Do you know that there are certain attributes that may reduce a property’s value. These include: 1. Proximity to main road traffic. 2. Mixed use property e.g. residential/commercial. 3. Environmental risks e.g. overhead power lines. 4. Poor proximity to public transport, shops and other amenities. 5. Poor room layout and design which reduces openness of …
What adds value to a home?
It’s useful to know what attributes that can add a property’s value as this can help not only in the selection of a property, but also in identifying undervalued properties and aiding in the type and extent of potential renovations. Some of the positive factors include: 1. Aspect – things like water views can add significant value …
Can I get free update for Investment Property Calculator?
Yes if you purchase the standard, professional, or ultimate version. Not only one year, two years, or three years free update, you get lifetime free update. Whenever there are updates on income tax scales, capital gain tax, stamp duty, land tax, and medicare levy, etc, update will be made to the the standard, professional, or …
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What happens when you have unsustainable home loans?
The answer is so simple – bankruptcy! Bankruptcy is increasingly becoming a ”middle class phenomenon” in Australia, says the report from the University of Melbourne Centre for Corporate Law and Securities Regulation. Middle-class professionals and people on high incomes are declaring bankruptcy faster than ever in Australia, according to this study that reveals bankruptcies have …
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Is it a good time to invest in property?
The Westpac-Melbourne Institute consumer sentiment index for May fell 7 per cent to 108 index points. The confidence of respondents with a mortgage fell 8.1 per cent in May compared with average falls of only 2.3 per cent in response to the five previous rate hikes, the survey showed. So is it a good time …
What is the average rent in Sydney?
Average weekly rent in Sydney have increased to $400 a week, an increase of $10 since last year, according to an article from the Sydney Morning Herald. This means the average monthly rent in Sydney in 2010 is about $1,733. Tenants in the outer-ring suburbs, such as Blacktown and Sutherland, faced the largest rises, with rent …
Should we blame Foreigners especially Chinese for poor housing affordability?
Should we blame foreigners, especially Chinese, for poor housing affordability? I don’t think so although there seem to be many people thinking so. Here are some comments I found on the web regarding high housing prices and poor housing affordability in Australia. It is going to be hard to work out how much it is raising …
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Why house prices rise? Because of FEAR!
Why Australian house prices rise? There seems many factors – demand and supply, immigrant, inflation,etc. However, I say there is only one factor – fear! Becasue you fear that the house prices will rise further, so you want to secure one as soon as possible. Other people have the same fear so you have to pay more …
Term deposits or property investment?
Heard about the 8 per cent term deposit offer from Westpac? Or the Bank of Cyprus offer of 7.85 per cent term deposit for five years? Are you wondering if you should put your money into bank’s term deposits or invest them into property? Well, it depends on. Inflation should continue at a rate of 2.5 …
Are property investment seminars useful?
Should I attend those free property senimars? Can I trust real estate investment seminars? Look, there is no harm in attending these events, providing you are very sceptical and know absolutely you are able to resist signing up for anything at the actual event. Property investors are keen to go to seminars for advice, but they rarely get …