All publicity about this year’s NSW State budget has been centred around the additional 4% stamp duty which will now be charged to buyers who are not Australian citizens or Permanent Residents! Fair enough for overseas purchasers contemplating buying property if NSW. They can decide whether to buy – or not – based on this additional impost.
Not so for those who currently own property in NSW!
If you’re like me you were told from very young age that if you want to succeed at something – be it sport, school or a musical instrument – that you must put in time, hard work and importantly, practice. Most of us learnt our times tables by repeating them over and over – practicing multiplication was the most effective means of learning this skill. Well the same applies to … Read the full post »
The number of people investing in real estate is increasing, but before you buy, you need to make sure it is right for you before you make a decision.
Here are 6 factors it is wise to consider before making your property purchase:
1. Your Investment Focus
With real estate you have 4 choices: Commercial, Industrial, Retail and Residential. Commercial and Industrial offer a far higher return to compensate for what is frequently … Read the full post »
We are very excited to announce today’s launch of our newly designed website www.johnpye.com.au.
Also this week we have sent out an email to all our investors offering a free “desktop” appraisal report (rental or sales report) for properties in NSW. Since the offer went out on Tuesday we have completed reports for … Read the full post »
Please let us know if you have any questions about the market, or if you require any service in relation to selling, buying, renting or investing.
If you would like a free customised sales or rental report specifically for your property, please contact us and we would be happy to provide it to you.
New amendments to the regulations that will give home buyers of properties with swimming pools 90 days to rectify non-compliant swimming pool barriers are a sensible approach, according to the Real Estate Institute of New South Wales.
Minister for Local Government Paul Toole announced on Friday the new regulations applying to the sale of properties with swimming pools to take effect from 29 April 2016.
Easter Long Weekend means it is approx. 3 months and 1 week till the end of the 2015/2016 Financial Year.
So if you find yourself with some spare time on your hands this Easter, why don’t you have a read of the Australian Taxation Office Guide for Rental Property Owners?
Some would think this is classic bedtime reading, but it is actually an excellent resource. It provides easy-to-read … Read the full post »
If you own or live in one of the 800,000 rental properties in New South Wales, you’ll be interested in the NSW Government’s review of laws surrounding these homes.
“This legislation is only reviewed every five years and it is important that NSW Fair Trading gets it right,” said Real Estate Institute of New South Wales CEO Tim McKibbin.
The industry body has made a detailed submission as part of the government’s … Read the full post »
Buying property can be one of the best ways to invest your money and build wealth. Yet new investors often feel overwhelmed at the thought of taking the plunge into property.
As an award winning property investment advisor, Ben Kingsley shares his five top tips to follow when investing for the first time.
To have further peace of mind in the management of your investment property, we recommend that you have a landlord protection insurance policy in place to cover loss of rent in default circumstances, malicious damage, accidental damage and legal liability.
It is advisable for all prudent property investors to have landlord protection insurance as added protection for their investment. Such policies … Read the full post »
A common mistake many investors make is thinking that their older property isn’t eligible for tax depreciation. However, there are many cases in which you can still make a claim. Take a look at the difference in tax depreciation between old and new properties, and discover how an older property could still help you claim … Read the full post »
Whilst maintenance on investment properties centre on immediate matters such as leaking taps and toilets, repairs to ovens and hot water systems, we have found that there are many hidden repairs that investors should be aware of and budget for.
In homes and townhouses, the maintenance of gutters and downpipes are often an issue. Many investors feel that this … Read the full post »
Most of us have a household budget, but have you created a budget or financial plan for your investment property?
It is important to take into account that appliances and fixtures will need to be repaired or replaced over time; that rates and body corporate levies will increase and that your property may not … Read the full post »
Calculate depreciation deductions before purchasing a property
Investors often question what the real cost will be to hold a property they are considering purchasing. It is important to ensure that their purchase provides them with the maximum cash return.
There’s a myriad of expert advice available and every individual investor has their list of what the property … Read the full post »
One question investors often ask about claiming depreciation on a rental property is, ‘How will these claims affect Capital Gains Tax (CGT) when the property is sold?’
CGT can be a complex topic for investors to understand, particularly as the answer to the above question can really depend on the scenario of the individual … Read the full post »
When working on your investment property there are a lot of things you may be tempted to do yourself, but it pays to stop and ask: “Is it worth it?” Sometimes the cons outweigh the financial saving, and some tasks are simply best left to the experts.
Ask your Property Manager to source quotes for the work. There will be no obligation to go ahead, but at least you will … Read the full post »
How much notice must a Tenant give a Landlord (or their Agent) that they are going to vacate?
If the Tenant is on a fixed term Tenancy and wants to end the Tenancy on the last day of the fixed term, the Tenant must give the Landlord (or Agent) 14 days notice including the last day of the fixed term. If the Tenant is on a periodic agreement (month to month), … Read the full post »
