An investment property is often one of the biggest assets a person will own in their lifetime. Most will agree that the reason for owning an investment property is to increase our wealth and to provide long term security for ourselves and our family. When owing an investment property we should be working towards two types of returns: Long term return or capital gain (increased …
Continue reading
Some things to remember when preparing to buy are: Inspect the property: inspections should be made at the advertised times or by appointment with the real estate agent. You may need to inspect the property more than once before making your final decision. Assess the property against your criteria: you need to look at the location and style of the property in relation to …
Continue reading
All properties with a swimming pool or spa pool being sold or leased on or after 29 April 2015 must have a valid certificate of compliance or relevant occupation certificate. Selling a property Before listing a property for sale, a valid certificate of registration and a valid certificate of compliance (or relevant occupation certificate issued within the last three years) must be annexed to the …
Continue reading
Tax depreciation (also known as property depreciation) is a legitimate deduction against assessable taxable income, generated by a residential or commercial investment property. It works by allowing property investors to deduct a portion of the original costs of furniture and fittings and capital works (such as renovations) on their investment property each financial year, over the effective life of that item.
Continue readingHere is a snapshot of vacancy rates for the last 12 months for Fitzpatricks Real Estate and the Riverina area in general as supplied by REINSW. In the summer months we expect to see a rise in the number of prospective tenants looking to lease properties. The presence and type of air conditioning is also a key priority with the majority of our prospective tenants. …
Continue reading