It’s going to be interesting as more and more banks tighten their lending policy and make it harder for people to borrow. In the article below, CBA is axing their no deposit loans. I think its important to interate that the Property market is “moved” by the ability to finance the asset (ie the property).
Reducing/tightening credit policies [...]
Last week I wrote about
Depreciation Schedule - Where Can I Get One?, I realised that some people may not know what a depreciation schedule is and why you actually want to get one. So I better explain myself…
The dictionary definition for depreciation is: “A decrease or loss in value, as because of age, wear, [...]
I was talking to some people who owned investment properties last week and I was astonished that even though they knew about depreciation they didn’t know they could actually buy a depreciation schedule. Most people know about claiming depreciation for investment properties, but obviously not everybody knows that you can pay a qualified valuers to [...]
This is my first approved article on ezine. It’s a regurgitated version of a previous post I did which I cleaned up a bit before submitting it… so here it is again! Enjoy!
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Income Tax Withholding Variation - Get Your Taxes Back Before the Financial Year!
For the people who are new to this I will briefly [...]
Its that time of the year again when you have to do your PAYG income tax withholding variation (ITWV) applications again
For the people who are new at this I will briefly explain what this mean:
PAYG income tax withholding variation (ITWV) is used for people on the PAYG (Pay As You Go) system, i.e. pretty much [...]
This is a real life example that happened over the weekend, 8th July 2007. This is not my purchase, but I have been given permission to post the transaction for people to have a look. Just a breif overview:
The property was listing “From $285,000″
It is a 2×1 villa in a small group of 10
Owners are [...]
Finally there’s a logical solution for anyone who wants to invest in property, but doesn’t know how to overcome that biggest hurdle, where to get the money from.
Investor Finance are sharing their trade secrets and showing everyday Australians how to keep the banks honest, and what’s best, is they don’t charge you, they charge the [...]
Do yourself a favour, especially if you are in Melbourne. Go register and attend the mCorp,
Property Entrepreneurs In Training.
If you are a serious property investor or a ‘wannabe’ property investor, I highly recommend you find the time and get to this event! You can thank me after by leaving a comment or by buying me [...]
Here is a list of things to consider when purchasing property, especially investment property
Start Up Cost
Stamp Duty (
ACT Revenue Office)
Legal Fee (Conveyancing)
Lender’s Fee (Bank Application Fee, Mortgage Stamp Duty)
Property Inspection (Not Really Needed For Newer House)
Pest Control -
BudgetPestControl
Depreciation Schedule -
Deppro
Useful Resources
Tax Consideration (ATO) -
The Rules
Increase Your CashFlow -
Variation Of PAYG
Know Your [...]
This is a short list of some of the advantages of Property Investing
Banks will lend 80%, 90%, 95% for a residential property, some banks will lend up to 105%
Worst case scenario, banks will lend 70% for residential property (Pure Asset Finance)
In Australia you will receive a tax benefit for negative gearing to ‘buffer’ short term [...]
