Whether your planning to renovate your own home, an investment property to hold for the long term or its a property to flip for a profit, the fundamentals don’t really change. The end goal is usually always to maximise the value and to increase the rental returns of the property. 1, Avoid over-capitalising Start with…
As with any type of long-term wealth creation vehicle, real estate comes with its own set of cautionary tales about the potential hazards and pitfalls. Many things can go wrong and the risk is amplified if you leap in without first seeking professional advice and devising a sound strategy and investment plan. But does that…
With the year nearly over, thinking about next year’s tax may be the last thing you want to do. However, mid-year tax planning is essential, according to advice issued today by Chartered Accountants Australia and New Zealand (CA ANZ). “Taxes are not just an annual event,” said Michael Croker, CA ANZ Australian Tax Leader. “Some…
How much time do you waste when you’re at work? Are you doing it now by reading this blog? Or are you just giving your mind a quick break ? US jobs website salary.com surveyed more than 1000 workers to find out what people do at work when they’re not actually working. Unsurprisingly, more than…
Each day a tree will grow a little more. It’s impossible to see the changes caused by the growth on a day to day basis. But, if you were to fast forward ten years and compare pictures of the old tree to the new tree, the change would be obvious and significant. Self-made millionaires are…
How much are you going to spend on Christmas gifts this year? For many Australian households it’s the most expensive time of the year and in the end many will be saddled with credit card debt in the new year. A new nationwide research survey of 1,027 Australians, conducted for debt solutions provider Fox Symes…
Research analysts – they provide statistics and data that property investors rely on up and down the country, but what exactly goes into their methods? A few years ago API Magazine put research analysts under the microscope. We all know about the importance of due diligence, and when it comes to that particular aspect of property…
People born after 1980 may find it hard to believe, but credit cards were not always ubiquitous. Sure credit has existed for many decades. But not the buy-anything-anywhere-anytime variety familiar to us today. As far back as the late 1800s, consumers and merchants exchanged goods through the concept of credit, using credit coins and charge plates as…
Research shows that credit availability has continually tightened over recent years and where transaction volumes in the housing market has fallen and led to a reduction in turnover. Based on the CoreLogic turnover metric, the data shows the percentage of properties that have sold on an annual basis by comparing the annual number of sales…
The Hobart property market has well and truly decelerated with both a reduction in price growth and activity. Price growth for the quarter ending October for units was only 0.7 per cent and for houses 1.4 per cent, well below previous periods. Some capital growth was still projected next year, especially as Hobart was such…
