Whether or not an investor manages their own property it is very important that they know the management rules for that state and that they ensure, if they have a property manager that the rules are adhered to.
If your business is a company or a trust you can set up a self managed super fund and the business, if it incurs the costs of the set up, can claim a tax deduction over 5 years for these costs. It is normally better for the business to claim the costs as it is usually in a higher tax bracket than the 15% applicable to superannuation funds.
The evidence that property prices are on the rise in Australia continues to mount, this time a property guide compiled by the Sun Herald and the Fairfax owned Australia Property Monitors indicates 82 suburbs in Sydney are tipped to see 10 per cent or more growth for houses in 2010 with another 53 suburbs expected to see the median price of apartments rise by 10 per cent or more.
If you are thinking about entering the property market or are wondering how do to get the most out of your property investments then consulting an investment property specialist like We Find Houses is a good place to start.
NSW rents predicted to rise as land valuations rise! The NSW Valuer-General has issued new land valuations that will form the basis of tax assessments sent out by the Office of State Revenue next month.