When you are thinking about a budget for a house you’re going to buy, there are 2 main money questions to think about.
The first question is “How much?” and the second is “When?”. Continue reading Plan before buying a house
Category Archives: Property Investment
Improving Resale Value With A Carport
Adding a carport to a property has many benefits for homeowners and individuals.
A carport can improve a home’s resale value, lower insurance premiums, protect a vehicle from the environment, and reduce the risk of crime when going from the car to the house. Continue reading Improving Resale Value With A Carport
The what, why and how for smoke alarms
In most states across Australia smoke alarms complying with Australian Standards must be fitted in all rental properties and in accordance with the Building Code of Australia (see below for the individual state requirements).
Fire and rescue emergency services across Australia are urging landlords to install the new photoelectric smoke alarm. Continue reading The what, why and how for smoke alarms
How to maintain a tenant and improve your rental return
We all want a great tenant and the rent on our investment property to go through the roof. Both can be hard to find and in terms of rent, even harder to keep increasing.
For example, you might get the great tenant but then be reluctant to notch up the rent in order to keep the tenant happy. Or you might be achieving a good rental rate but feel obliged to continue the same rent year after year. After all, some rent is better than none at all, right? Continue reading How to maintain a tenant and improve your rental return
Interest Rates remain on hold
Steady as she goes. That appears to be the philosophy of the Reserve Bank, who today decided to keep interest rates on hold – the cash rate remains at 3.5%.
With cuts in May and June totaling 75 basis points, the majority of economists surveyed prior to the announcement predicted this result. Continue reading Interest Rates remain on hold
7 Hidden Costs in Switching Mortgages
With the official interest rate lowered in two consecutive months, borrowers are likely to be considering reassessing the terms of their loans with the possibility of switching financial institutions.
Here are seven key areas where hidden fees and additional costs are likely. Continue reading 7 Hidden Costs in Switching Mortgages
Comprehensive property reports worth dwelling on
Comprehensive property reports can save pain down the track.
For many people, filling out a detailed, accurate condition report at the start of a tenancy is about as appealing as doing their tax return or cleaning the car.
For first-time renters especially, given the choice between setting up their new share house, organising the housewarming party or checking the skirting boards for signs of wear and tear, it’s easy to see why paperwork often gets bumped. Continue reading Comprehensive property reports worth dwelling on
It turned out to be good advice.
Now the RBA is pointing to housing remaining subdued until lower purchase prices, higher rental yields and population growth get us building again. Continue reading
Mortgage appetite rises
Appetite for mortgages has risen for the first time in two years, unofficial data show, offering hope that home prices may lift in the months ahead.
Mortgage inquiries rose in 1.5 per cent in the first quarter of 2012, compared to the first quarter of 2011, according to Veda’s Consumer Credit Demand Index. They ticked up 0.2 per cent from the fourth quarter of 2011 to the first quarter of 2012. Continue reading Mortgage appetite rises
Time for that Tax Valuation
Now’s the time to start the ball rolling so that your property report can be completed well in time for the end of the financial year.
Whether your investment property is a residential or holiday rental, The Property Shop Mudgee has the expertise to prepare the reports that are essential if you’re to keep your money rather than sharing it with the Tax Man. Continue reading Time for that Tax Valuation