Posts Tagged ‘Local Property News’

Homes still in short supply

In these times of lower auction results, and tales abounding of property bargains galore it might seem a bit unbelievable to be talking about a housing supply issue.

Many vendors are probably thinking that the only supply issue they have right now is that there’s too many properties on the market. But behind the scenes there’s still plenty of talk about how we’re not building enough houses by number crunchers who … Read the full post »

Keeping your cool

There are opportunities and dangers when surrendering your cooling off period.

In the heat of the moment, the exhilaration of finding and snaring a jewel in the real estate market can be a buyer’s natural adrenalin. But then you sleep on it. And you start to think… Maybe the place will need a bit more work than expected. And how many extra dollars will that cost?

The timber floors seemed a bit … Read the full post »

Goodbye Torrens Assurance Levy

You will recall that on 1 July 2010 the former NSW Labor Government introduced the Torrens Assurance Levy, which is an ad valorem tax payable on the registration of a transfer of NSW property where the purchase price is more than $500,000. The greater the purchase price, the higher the levy payable. By way of example, the tax amounts to $204 on a property with a price of $600,000, and … Read the full post »

Investors Play It Safe

How does a residential property investor plan for the ‘worst-case-scenario’ of being forced to sell an investment property quickly due to unforseen personal circumstances? Most residential property investors are in for the long haul; they intend to hold their purchase for a minimum of ten years and usually for a lifetime because their main motivation is to provide financial security for their retirement. At the same time their long-term success … Read the full post »