Many people think financial planning is for people of a certain age or income bracket, but the truth is, everyone should have some sort of a financial plan. What many people forget is that part of financial planning is working out your longer-term goals. Common goals are a dream holiday and a new car. Looking.
One question that often divides property investors is whether commercial or residential property makes the better investment. Like everything in property, it depends! It depends on your financial situation and what you’re wanting out of your property. Those who invest in residential property believe it’s less risky, however, those who invest in commercial often argue.
As well as paying the price tag for a property, there are a few other costs you’ll need to factor into your budget. Here are the main ones: Stamp duty Stamp duty is unfortunately a necessary tax levied on all properties by the NSW Government. For an investment property, you may have to pay a.
What are your financial aims? Do you want to retire early with overseas trips, or are you looking to save for children’s education? Make 2018 the year to really start working towards the financial goals and lifestyle you want, and use investing in property to help you get there. Property is an investment that has.
Some say, once you have bought a property for an investment, you should never sell it. However, like everything in property investment, or any other types of investing for that matter, there is no hard and fast rule. When to sell an investment property will vary according to goals, and of course, personal circumstances. People.
Do you know the latest fire regulations for a leased property? Would you know what to do if a tenant doesn’t pay? Have you got a list of certified tradesmen you can contact in the event of an emergency maintenance? Are you registered with Rental Bonds Online (RBO), the NSW office of Fair Trading’s service.
We’ve been enjoying record low interest rates for years now. Indeed, many investors on variable rates have probably benefited from some of the drops in interest rates by having more money in their back pocket. Interest payments made on a loan are tax deductible, so for some, depending on how the property is geared, the.
We’re seeing some interesting moves in the rental market at the moment. With good job and affordable lifestyle opportunities, and just two hours from Sydney, Newcastle and Lake Macquarie are becoming increasingly desirable areas to live. This is all good as it means we’re seeing an influx of people coming to the area, and these.
The decision to buy ‘new’ generally isn’t too difficult when looking at everyday items such as a TV, pair of shoes or a garden shed, but when it comes to an investment property, the choice isn’t quite so easy; there is no right or wrong answer and the answer usually starts with ‘it depends’! There.
More people are wanting to take control and be more involved with their retirement planning which is probably why self-managed superannuation funds (SMSFs) are increasing in popularity. In fact according to the Australian Prudential Regulation Authority (APRA), and the Australian Taxation Office (ATO), there are nearly 600,000 self-managed super funds (SMSFs), managing $696.7 billion in.