The first stage of one of Sydney’s largest urban renewal projects, Park Sydney in Erskineville, has officially opened to residents and retailers today, following a launch event conducted by joint venture developers Greenland Australia and GH Australia. Stage 1 of Park Sydney includes 330 apartments across two eight-storey buildings, ‘Botany’ and ‘Cascade’, as well as…
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Buying a property for Investment Risks VS. Rewards Rewards: . Your income is passive. Aside from the initial investment and upkeep cost, you can earn money while putting most of your time and energy into your regular job. . Your income should grow. You dont just earn rental income; as real estate values increase, your…
Some Unexpected Costs When You Are Selling Your Home Some Unexpected Costs, Before buying a home, people usually save enough money for payments then reach out to a real estate agent to start the process of looking for a home. When this process works, several future owners are usually surprised when they get to…
Thinking of moving out? There are a couple of key things you need to take care of to finish up your tenancy without any unnecessary complications. Firstly, you need to issue your vacating notice. If you’re intending to leave just after your lease is up, you need to provide the notice required in your state.…
What is tax depreciation and how can you claim it on your investment property? Well, firstly we need to fully understand what depreciation actually is in order to know what we can claim. Our friends at BMT Tax Depreciation have lent a helping hand to share their expert knowledge. BMT defines depreciation as “a deduction the owners of…
Knowing how to calculate rental yield is essential when purchasing the property. Calculating rental yield will help determine whether or not your prospective purchase is financially viable. “If you don’t calculate rental yield, you could be at risk of making an investment that isn’t as lucrative as you initially thought” advises Online Real Estate Agents…
Following sustained increases in property values for many years, we have finally experienced a more level playing field for buyers and sellers since January 2018. It is often the duty of the press to report either negatively or positively about the property market. At the moment it may be perceived by the general public that we…
Vincent Cheng is looking for a $1.5 million first home and he has his sights fixed on the high-rise heaven at Zetland in Sydney’s inner south. “I love this suburb very much,” the 26-year-old finance and accounting graduate said, looking back towards the city from the terrace of the ninth-floor three-bedroom penthouse that was set for auction on Saturday.…
Zetland is an inner-eastern suburb of Sydney, New South Wales, Australia 4 kilometers south of the Sydney central business district, in the local government area of the City of Sydney. Zetland is a largely industrial suburb with medium- to high-density residential areas. Zetland is part of the Green Square district which is currently undergoing gentrification. This involves an urban renewal project that is constructing modern retail, business, and residential developments. A new…
From 1 July 2018, the Australian Government will introduce the “Contributing the proceeds of downsizing into superannuation (downsizing)” measure. This measure is part of a package of reforms to reduce pressure on housing affordability in Australia. From 1 July 2018, if you are 65 years old or older and meet the…