President of the Property Owners Association of NSW John Gilmovich explains the new reforms, what they will mean for the market, and why they have the potential to put more pressure on housing and rents.
No . . I’m not referring to beautiful cars, jewellery or fast men – although all those things are great. Property success indicators are pieces of information or data that should influence your property activities. This includes purchasing decisions, renovation and development decisions, as well as the crucial ‘hold’ or ‘sell’ choices.
While the family home concession announced in the Federal Budget a few years ago was aimed at home owners 65 and over, the rampaging property prices from Sydney and Melbourne have caused a broader group of home owners to consider their options.
If a nation’s greatness is measured by how it treats its elderly and vulnerable, Australia is set to fall shamefully short.
Finally the truth is starting to come out. Unfortunately, the reality of what has been happening in the property market is worse than any of us could imagine. A recent report conducted by financial monitoring firm – Mozo – reveals the extent of poor quality builds and their impact on buyers over the past ten years.
Trying to decide whether to buy a home to live in or an investment property can be tricky. Of course, the aim should be to own the property you live in at some point but it may be quicker to invest first, and work your way into buying your home as a second or third purchase.
Those in the know will tell you in relation to property ‘you make your money when you buy’. So what should you be looking for when making your selection? Get insights into the less obvious factors that can add huge value to your property’s potential here.