Click here for your invitation to our FIRST EVER PROPERTY SYMPOSIUM.
What a month - a 5 year record high for the Australian sharemarket, the US market keeps going gangbusters, and we have a new Government (more on that next month)!
What a month - a 5 year record high for the Australian sharemarket, the US market keeps going gangbusters, and we have a new Government (more on that next month)!
So what about our property market?
It was only twelve months ago that we were worrying about a major fall in house prices, but now everyone's talking about another housing bubble!
It was only twelve months ago that we were worrying about a major fall in house prices, but now everyone's talking about another housing bubble!
The annual capital city average house price growth is running around 5%, and property is still a HOT topic.
As a Financial Planner I'm often accused of a bias to shares and of not liking property, which is simply untrue - I've owned investment properties in my portfolio since my early 30s.
However, my experience as both a Financial Planner and a Landlord has taught me that there are risks involved in property investment and you can get it wrong.
So what do you do? Your homework of course!
In particular, we always recommend giving particular consideration to:
- Which property you should buy - type, location, age, growth potential, income potential.
- The best way to finance your property - institution, interest rate, type of loan, term, repayments.
- Managing and renting the property - self-manage vs an agent, rent, tenants, maintenance.
- Tax - avoiding paying more tax than you have to, what's deductible, negative vs positive gearing, capital items vs income items, after-tax cashflow.
Get expert advice in all four areas before you sign the contract. It may seem time consuming BUT it may save you a lot of time in the long-run. Let's face it, spending a bit of time with a few experts is negligible compared to the cost of a poor decision...
And if you are thinking about buying a property, we've made it really easy for you by getting the experts in one room and one time at our FIRST EVER Property Symposium - "Buying your next property - the full story."
We've sourced four experienced specialists for an enlightening and content-driven evening to help you make informed decisions about your next property purchase. You'll hear educational presentations about buying your property, financing your property, managing and renting your property and the tax tips you need before you sign a contract. This is your chance to hear what the experts have to say and ask all your questions about buying your next property.
The symposium is aimed at people who already have at least one property, but if you're buying your first and would like some extra information you're very welcome.
The symposium will be held on Tuesday 15th October at 7pm, and it's just $25 per ticket (and you'll receive a free ticket so that you can bring along a partner, friend, colleague or family member).
The symposium will be held on Tuesday 15th October at 7pm, and it's just $25 per ticket (and you'll receive a free ticket so that you can bring along a partner, friend, colleague or family member).
Click here for full details including how to register.
Talk soon,
Caren
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