Changes to the Stamp Duty laws mean that investors will no longer receive discounts on Stamp Duty.

The Victorian Government has recently announced changes to stamp duty. Under the current law, all investors purchasing off the plan properties benefit from stamp duty discounts. However, this will no longer be the case under the new legislation.

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Did you know?

70% of Australian retirees rely on Government subsidies or are living below the poverty line.

I know I do not want to be part of this statistic, living on less than $300 per week (the Australian Aged Pension per couple).  

So… what is the solution?

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But I know Sydney…

This is one of the statements we hear most often at Calla Property when we first talk to clients about property investment.

Clients often feel that they know the city and even suburb they live in or have invested in in the past. Usually this is because they’ve done quite well, either through good timing or holding the property for long enough.  Often this is reason enough for the client to want to invest in the same area again.

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What is a positive cashflow investment property and is it worth seeking out?

Simply put, a positive cashflow investment property means that the income received from the investment from rent outweighs all expenses associated with the ongoing cost of the property. So the rent received from the property is more than all costs, such as agency fees, strata or body corporate, if it’s an apartment, council and utilities if it’s a house, mortgage repayments and repairs or maintenance of the property.

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New or Old? What is the better investment?

Many of our clients want to know whether it’s better to buy an old property – or second hand property or a new property.

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I’ve had many clients ask me about recent changes to banking policy in regards to Investment Loans. The APRA decisions are interesting.  In my view they’re trying to find a way to counteract the property heating effect that the RBA rate cuts are having in Sydney.

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This is one of the most common questions I am asked.  And yes, they certainly are. One bedroom apartments are gaining in popularity, largely due to the increase in Gen Y numbers renting, the question is what constitutes the right one-bedroom apartment as an investment property?

There are a number of essential factors that make an apartment appealing to Gen Ys and it is this formula that we concentrate on perfecting at Calla Property.

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Applying for your first home loan can be a daunting task and I’m often amazed at the preconceptions people have about lending policy.  So what do you need to know and what are the banks looking for?

Lending policy falls into two main areas – 1. Security and 2. Serviceability.

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Are you thinking about becoming a property investor? It’s incredibly important to approach buying an investment property in a different way than buying a home. Here are 3 important considerations for anyone looking to invest in property.

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Last week the Calla Property Team went to Brisbane for the week.  We met with property clients as part of our due diligence and are very pleased to report that we have some more fantastic investment stock for our clients. We visited a number of sites and show rooms ranging from small boutique developments of 20 apartments to full master planned, beautifully landscaped, amenity rich developments.  I am very excited to be able to offer this new stock to our valuable clients.

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