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INVESTORS LOSE $800M !!!

Bad news right?

Well actually the changes aren’t very ‘changed’, more slight modifications.

There are two main areas that will be affected, Negative Gearing and Depreciation.

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Calla Property has just been awarded a place in the ‘Top 75 Investment Blogs and Websites for Property Investors’ roll of honours.

We are very proud to announce that we came 60th internationally and 18th in Australia.

We love bringing news, tips and inside property information to our clients and it’s great to be recognised on the following criteria:

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Property prices are growing faster than your wages which means that every month you put money aside for a deposit, the market is moving further out of reach.

Millennials from modest families have been brought up with the attitude of keep your head down, work hard, save up and buy your own home first. Unfortunately, in today’s world, where property prices are rapidly growing, that’s no longer an easy option.

‘Rentvesting’ is a shift away from the traditional idea of owning your home with the white, picket fence on the quarter acre block. Society is changing, how we live is changing, so it’s not surprising the way we get ahead through property is changing too.

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No, this isn’t a trick question but if you can answer it, you’ll have a better idea of the property you should be investing in.

If you get it right, your renter should pay the bulk of your investment property through rental payments. If you understand the renting population and what they’re attracted to, you’re half way to ensuring your property is rented out regularly and reliably. Different suburbs and regions attract different kinds of renters who will look for different features in a property and location. The kind of renter who is looking for a property in the inner city is likely to want different things than the renter looking for a property in the suburbs. Things like good cafes and funky bars within walking distance, a gym, shopping and public transport close by. However, someone renting in the suburbs, is more likely to have a family, want to be close to good schools, parks and playgrounds and within easy driving distance to shopping malls and employment hubs.

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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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According to the latest BIS Shrapnel report Residential Prospects 2015-2018, house prices will start to fall in 2016 – 2017, as affordability declines and coincides with the threat of rising interest rates.  

They suggest the three year outlook for Sydney does not justify the current level of frenzied spending and that the median Sydney house price by June 2018, will only be 2% higher than it is today, still under the $1 million mark.

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What does this mean for Sydney’s already over-inflated property market?

Two weeks ago, we met with a young couple who live and work in Sydney and want to buy their first home in Sydney.  They’ve been married for a few years and plan to start a family in the next year or two. After months of going to auctions in Sydney and being forced out of the bidding they started to look elsewhere and entertained the idea of buying in the Central Coast region.  They had a bad experience with a property shark in Gosford and came very close to buying a property well over-valued.  They came to see us, frustrated yet hopeful we could find them a good property in Sydney that they could live in.  Sadly, we weren’t able to help them and yesterday’s news of the RBA cutting the cash rate is just more bad news for them. Even with a deposit of $110K they will not be able to get into the Sydney home market.

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