How to avoid getting emotional and bidding above your budget at auction.EndFragment End Facebook Pixel Code [if lt IE 9]> <link rel="stylesheet" type="text/css" href="/sites/all/themes/saturday/css/ie.css" /> <![endif] StartFragment Auction bidding can be very nerve wrecking, even for experienced property investors. It’s a high-pressure situation and Frank Valentic knows this all too well having bid on the last eight seasons of ‘The Block’ as well as for many investor clients and first-home buyers. We have seen an increase of purchasers bidding on homes above their budget by getting too emotionally involved. We have some handy tips to keep in mind if you are planning to bid at an auction. 1
Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 was introduced into parliament on the 7th of September 2017 and included legislation changes which will negatively affect residential property investors across Australia. Announced in the 2017 Federal Budget, the amendment denies tax deductions for the decline in value of ‘previously used’ or ‘second hand depreciating assets’ (plant and equipment) found within residential investment properties. The new legislation will limit plant and equipment depreciation deductions to only those outlays actually incurred by investors in residential properties and those who purchase brand new investment properties. “This change will have a major imp
Different investment strategies suit different investors for vastly different purposes. There are different investment strategies that can suit different investors for vastly different purposes. Some investors need cash flow properties at a certain point in their life, while others are looking for solid capital growth prospects. Of course, over the years of your property investment journey, your needs may change as your life changes. Yet, when it comes to improving your chances of investment success, there are some things that never change. Here are my top five investment deal-makers. 1. Liquidity in the market Things will sometimes go wrong – especially in a bad market. So you must be confi
