Really use your senses Sniff, peer, listen and feel as much as you can. Your nose might pick up a mouldy or musty smell that may mean damp. You might spy small or hidden cracks that could mean structural issues. That clattering sound when water is running? That can be a sign of serious plumbing problems. Don’t be distracted by the beautiful bling Anyone can invest money in pretty cushions and lamps to set off the house. Or bake some cookies just as the open inspection starts so the house…
Figuring out whether buying your commercial premises through your self-managed super fund (SMSF) is an option that’s suitable for you is imperative to the success of your investment. There can be many gains in purchasing commercial property through your SMSF, including creating a certain level of freedom by smart use of resources. It frees up capital for the business owner. They are unlocking super to do more for them. Further to this, the property is protected against insolvency. Depending on the type of business, this can be particularly appealing. There’s…
APPROVED changes to the NSW property tax system will give first-home buyers the choice between paying an annual property tax or stamp duty. Changes: The NSW Government has now passed legislation allowing first-home buyers purchasing properties of up to $1,500,000 to choose between paying an annual property tax or stamp duty. Under the scheme, first-home buyers will be able to choose between: (a) Paying the usual amount of stamp duty based on the ‘dutiable value’ of your property or (b) Paying an annual property tax based on the unimproved land value of…
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