Investing in property can be a fantastic way to build wealth over time. Property investors can create a property investment portfolio that continuously generates income, and can also be passed along to their children. This also shows that investing in property can be a great way to have a financially secure future for you and your family.
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.
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:
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.
The Reserve Bank of Australia has announced that it will cut interest rates. This sets a new record low rate of 1.75% – the first change since May last year.
Australia’s retirement system is known to be among the best in the world. With the government’s age pension and mandatory “Superannuation Guarantee” programs from employers, it has far exceeded other industrial nations like the United States when it comes to high individual savings rate.
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.
There were reports last night that the Sydney property market is starting to slow down as we finish another weekend that resulted in lower clearance rates with the average of around 70% instead of 80%. There were also reports from auctioneers and real estate professionals that bidders seemed less bullish.
In the 1950’s we were introduced to the ‘Great Australian Dream’. A big house on a big block of land. The Hills hoist featuring in the large back yard. Large enough for all the neighbourhood kids to gather for daily cricket matches through the long summer afternoons.
Baby boomers raised their families in these constructions of suburban nirvana in the 70’s and 80’s.
The path to investment property ownership can be long & daunting. Find out the crucial aspects of property investment and how we at Calla Property can help you negotiate those aspects in a hassle free way.