In real estate, negative gearing is when the cost of buying and maintaining an investment property is higher than the income you gain from it. With this loss, it is then possible to offset the income you earn thereby allowing you to pay less tax on the property. For a rental property, for example, negative gearing occurs if the rental income is less than the interest on your loan and the …
Melbourne Auction Results | 28th July 2018
Melbourne's auction market slightly improved over the weekend recording a clearance rate 58 percent. The number of scheduled auctions 687. The number of reported auctions was 507 while the number of properties sold was 320. Total sales recorded was $223,223,000 while the median price in the area was pegged at $766,000. Properties that performed the strongest over the weekend were the …
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Buyer’s Agent Fairfield – Suburb Profile
Buying a property in Fairfield can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
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What is Positive Gearing?
In real estate investing, a piece of property can either be positively geared or negatively geared. It is, therefore, best to understand what this means before making your investment strategy. Positive gearing means the income one gains from his or her investment is higher than the interest and other expenses involved. There’s positive cash flow and in this situation, a homeowner can be assured …
Buyer’s Agent Heidelberg – Suburb Profile
Buying a property in Heidelberg can be a daunting and difficult process. For many of us, it is something we only do a few times in our lives. A buyers advocate (also known as a buyers agent or property finder) can be an enormous help to make it easy to buy a home or investment property by: removing the stress and frustration of buying a home saving you time and allowing you to get your …
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Melbourne Auction Results | 14th July 2018
Melbourne's auction market was steady over the weekend achieving a clearance rate 56 percent, similar from the previous week. The number of scheduled auctions was down to 484 from 526. The number of reported auctions was also down at 377 while the number of properties sold was 220. Total sales recorded was $149,977,000 while the median price in the area was pegged at $709,000. The Domain …
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What is Equity?
Many people are aware of their home equity but do not understand very well how it is calculated and its other uses. Basically, equity is the difference between a property’s current market value and the outstanding balance of any debt held against it. It is an asset from a homeowner’s point of view and it can increase over time as the property value rises and the loan balance is paid off. Only when …
What is Passive vs Active investing?
Investing in real estate is one effective way of building wealth and establishing a property portfolio moving into the future. There are two basic types – active and passive. Regardless of the type of property investing you are doing, each method requires time, knowledge and skills in order to reach your goals and maintain a stable real estate portfolio. Active Investing There are property …
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Melbourne Auction Results | 7th July 2018
Melbourne's auction clearance rate slipped further on Saturday to a low of 56 percent from the previous week's 60 percent. The number of scheduled auctions followed the same trend at 526. The number of reported auctions was also down at 392 from last weekend's 502 while the number of properties sold was 236. Total sales recorded was $162,783,000 while the median price in the area was pegged at …
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First Homebuyers in Melbourne Need 5 Years to Save for a Home Deposit
Buying a house in Melbourne is still a huge challenge for many young people. A new report shows that young Melburnians are more likely to take five years to save for a deposit to buy a home in the cheapest suburbs. The report released by the Domain Group looked into the entry-level prices of homes in Melbourne's most affordable areas. It also took into consideration the average wage data from …
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