Investment

ASIC joins APRA in interest-only home loan crackdown

Posted on April 4, 2017 by | 0 Comments
The corporate watchdog has joined the banking regulator in cracking down on interest-only home loans, announcing targeted surveillance of lenders and mortgage brokers inappropriately spruiking the loans. The Australian Securities and Investments Commission (ASIC) also said eight lenders, including Commonwealth Bank, National Australia Bank and ANZ, will be forced to provide remediation, including possible refunds, to consumers who suffered financial difficulty as a result of shortcomings in past lending practices. [More]

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The cost of buying an investment property

Posted on November 6, 2016 by | 0 Comments
Are you thinking about buying an investment property? If the answer’s yes, listen up. While buying an investment property is a great first step to take in future-proofing your wealth, it’s important to know exactly how much the endeavour will set you back before you get too carried away. As with any property purchase, you’ll have to spend more than just the cost of the dwelling in order to secure the premises. Some of the...

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StanChoosing the right ownership structure

Posted on November 6, 2016 by | 0 Comments
One definition of the term “structure” is “something built or constructed, as a building, bridge or dam”. Ironic, then, that as property investors we use the term “structure” to define how we arrange our property investment portfolios. Like a building, our investment portfolios need to have a good structure… otherwise they’ll topple down on our heads! The structure we establish will depend upon a variety of things: our personal situations; our goals; our financial and...

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The tax implications of subdividing your backyard

Posted on April 16, 2015 by | 2 Comments
Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision. By Pat Mannix and Rebecca Mackie There are many different strategies with different outcomes, depending on whether you’re planning to sell the part with the house, or the vacant land, or build and move in, build and rent out or build and sell...

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Converting Your Home to an Investment

Posted on November 15, 2013 by | 2 Comments
Shannon Molloy, deputy editor of Australian Property Investor Magazine, has posted a commendably detailed and informative article on-line on the above topic. Discover what the legal and tax implications are, he writes, when converting your family home into an investment property: Whether you’re taking off overseas for a holiday or new job, moving interstate or buying a new house elsewhere, it’s probably crossed your mind to rent out your current family home rather than sell...

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The dos and don’ts for buying off the plan

Posted on November 2, 2013 by | 0 Comments
For those on the hunt for a property, buying off the plan can be a great move for some security in your investment. It has advantages such as locking in a price to safeguard against rising values, as well as a number of tax advantages. Off-the-plan properties may just be the solution for investors who need to organise their finances or first homebuyers who currently do not have enough capacity to purchase. However, there’s still...

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Buying Real Estate – Property investors are only human

Posted on October 30, 2013 by | 0 Comments
Interesting new research about the emotional drivers behind property purchases cements the undeniable reality that investors are just like everyone else – sometimes susceptible to thoughts that go against their better judgment. “I reckon another $10,000 will get this bad boy across the line,” the agent smiled, smoothing down his slick suit and nudging his Montblanc pen closer towards me. “Just write the new offer amount there and initial it, and I reckon it’ll be...

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Southbank properties left high and dry

Posted on October 30, 2013 by | 0 Comments
Southbank residents either don’t take showers or many apartments are empty most of the year. A study has found more than 64,000 residential properties in Melbourne are rarely used and almost 12,700 appear unoccupied, with Southbank the top area for vacancies. The findings are based on an analysis of water use commissioned by Prosper Australia, a group seeking tax changes to improve the efficiency of land use. The Speculative Vacancies in Melbourne report, now in its sixth...

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Leave property investors alone

Posted on October 23, 2013 by | 2 Comments
The esteemed Grattan Institute yesterday released its much-awaited reporting on housing policy and the need for major reform. The central recommendations focused on a re-think of investor-focused incentives like negative gearing. BY SHANNON MOLLOY Whenever property markets begin to recover after an extended lull or downturn, a number of pundits reemerge to express their concern about a so-called and looming affordability crisis. House prices are getting too high, they claim. Young people have no chance...

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Neighbours to lose in push on housing

Posted on October 18, 2013 by | 0 Comments
Neighbours could lose the right of appeal against permits for multistorey apartment towers as part of the state government’s push for more affordable housing in a city hurtling towards 6.5 million people. Planning Minister Matthew Guy will on Wednesday unveil rules making it easier for high-density residential development to be approved under a 40-year metropolitan planning strategy. “Developers behind multistorey residential buildings that meet certain guidelines will not be required to notify residents or be...

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