Posts Tagged ‘Investment’

Has My Tenant Abandoned My Property?

If you are a private landlord, managing your rental portfolio yourself, occasionally you may come across a situation of ‘abandonment’; whereby a tenant has unexpectedly vacated your property.

What are the ‘red flags’?

Late rent
Cessation in communication ie no response to emails etc
Unkempt gardens
Overflowing letterbox
Information from neighbours
Direct indication/communication from tenants themselves

What happens now?

It is essential that you follow the correct procedures before changing the locks and … Read the full post »

Easing of Lending Restrictions

With the handing down of the Federal Budget last week there is much to digest and indeed the path to economic recovery is a long one; however, the government have been widely praised for their handling of the pandemic, particularly in regard to stimulus packages aimed at keeping the economy moving, and the JobKeeper payments enabling employers to retain staff.

One of the real game changers, in term of stimulus emerged … Read the full post »

Buying an Investment Property at Auction

When looking for a property to commence or add to your investment portfolio, are you put off by Auction properties?  What are the benefits and challenges? Certainly, compared to private treaty sales, you are bidding against other potential buyers, with the winner the highest bidder; this competitive environment sometimes creates fear in investors of overpaying.  How do you avoid this?  Below are some tips to help you navigate the auction … Read the full post »

New or Old?

When it comes time to consider investing in property, many discussions arise around the question of the benefits of purchasing new, as opposed to old.  Which is better, particularly from a depreciation point of view? Whilst there is no black or white answer, generally if you are focused on capital allowance deductions then new is the way to go.

Why new?  What are the benefits?

The main benefit of buying a new … Read the full post »

First Time Property Investors: Tips for Rookies – Part II

Last week we spoke about four key factors to consider when purchasing an investment property: capital growth, cash flow, tax benefits, and accelerated growth.    This week we will talk about location and professional advice.

Location

You are all familiar with the real estate mantra ‘location, location, location’.  Location is a key factor that can make or break a property investment.

Question: How do you get it right?

Answer:  Research.

You need to find out about … Read the full post »

First Time Property Investors: Tips for Rookies

Property investment is not for the faint-hearted, it is a big decision, and like all investment that involves significant amounts of capital outlay or borrowing; it is not without risk.  However, it is also one of the most solid and proven ways of growing your wealth, and generally involves less risk than the stock market and other capital ventures that can deliver strong returns in short periods of time.  A … Read the full post »

Investment Property Depreciation: How Does It Work?

Investment property depreciation can save investors thousands of dollars each year, minimising your tax and maximising your cash flow.  Depreciation is classed as a non-cash deduction, meaning that investors do not need to spend any money in order to claim it.

Below is a basic summation of what property depreciation is and how it works.   

What is property depreciation?

As a property ages, its structure, and the assets within it wear out … Read the full post »

Buying Checklist

On the back of state and federal government incentives, combined with historically low interest rates, now is an extremely opportune time to buy, and there has been a national surge in first home buyers entering the market.

Below is a checklist to consider for anyone buying a home, regardless of whether it is your first, second, or an addition to your investment portfolio:

Set your long-term goals: understand WHY you are … Read the full post »

Tick Tock…The Clock is Ticking

We all know time goes quickly…hey, it’s March already, and we’ve only just got used to writing ’20 instead of ’19!  The Real Estate Institute of Queensland (REIQ) are reminding people about the changes to Queensland’s smoke alarm registration that come into effect on 1 January 2022.

ALL domestic dwellings leased or sold have to be fitted with interconnected photoelectric smoke alarms; and at this stage there are no plans to … Read the full post »

Investor Alert! Proposed Changes to Queensland Rental Laws

Last week the Queensland Government Minister for Housing and Public Works, Mick de Brenni announced Stage 1 of proposed rental reforms that would significantly change Queensland’s rental market, that could potentially impact on the existing rights of landlords.

There is a range of reforms proposed including:

Abolishment of a landlord’s right to not review a tenancy agreement at the end of its agreed term;
The loss of a landlord’s right to … Read the full post »

Increase Rental Income & Deductions!

Australia’s renovations industry appears to be profiting from weaker economic conditions and tighter lending standards, with alterations and additions to residential buildings hitting a historic high recently.

Australian Bureau of Statistics Building Activity data showed a 6.6 percent increase in alterations and additions in 2018; this trend has continued into 2019 on the back of a softer market, indicating homeowners and investors seeking to improve capital values and increase rental income … Read the full post »

Advantages of Pre-Approval!

When you’ve made the decision that you want to invest in a property – whether as an owner-occupier or investor, one of the first steps you should consider taking is securing a formal property loan pre-approval from your financial institution of choice.

Why?

Securing a formal pre-approval gives you great negotiation power at offer stage; as it demonstrates to the vendor that you are in a genuine financial position to purchase … Read the full post »

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