Property Investment
House Price Predictions - not as dramatic as it may seem
Around the start of the year, almost every daily newspaper included headlines and numerous articles related to house prices. There were claims that if there was a recession in Australia, house prices in Sydney could fall by a whopping 25 to 30 per cent. This was huge news at the time, with people talking about this seemingly “inevitable” house price crash that was going to inflict itself upon Australia and that would be impossible to avoid.
First Home Saver Accounts are here
The Labor Government has recently passed legislation which will see the introduction of First Home Saver Accounts, as promised by Prime Minister Rudd in his election campaign. By providing a combination of lower taxes and Government contribution, the new accounts are intended to offer a simple, tax effective solution to help first home buyers kick start saving for their first home. These new accounts will be available to potential Australian first home buyers from financial institutions, including banks and some super funds, as of 1 October 2008.
Before You Invest in Property
There are a number of factors to be considered when looking to invest in the purchase of a property. The following should be carefully considered before making any purchase, regardless of whether it is your first or 101st property.