Tag Archives | Real Estate Agent Brisbane

This Week’s New Listings Email is now Available! See you there!

Hi all,

Check out our New Listings email, sent out every week which features interesting articles and the list of properties open for inspection.

Contact us to check it out, you can always subscribe to receive it!

Thanks!

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What Causes Your Roof to Leak and What Should You Do About it?

What Causes Your Roof to Leak and What Should You Do About it?“Leaking Roof?”

No one wants a leaking roof as they can cause excessive damage to your home, wall linings and frames. Most leaking roofs are due to cracks in the roof tiles that are the result of accidental damage. A ball on the roof for example and an over-excited teenager climbing the roof to fetch it can cause a broken or cracked roof tile.

The simple installation of a television antenna can do the same thing.

Your roof should be inspected regularly for cracked tiles or areas that require re-pointing. This really is a job for a qualified tradesman. A regular building inspection will cover this for you and give you the peace of mind you need.

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Build a Property Portfolio and Retire Rich

Build a Property Portfolio and Retire RichWe all know that property can make a great investment. The case to retire on property is easier said than done. To do so one must be disciplined, exercise caution and develop and follow a well considered strategy.

Property has proven to perform over the long-term, in fact it has proven to be the vehicle that has created many millionaires. The secret is establishing a plan for retirement and being able to stick with the plan.

There are two distinct phases to building a property portfolio that can sustain your retirement.

Phase 1: The Acquisition Phase

The key to building a substantial portfolio is using borrowed funds. One must get used to handling large sums of monies and holding high levels of debt.

Don’t let the levels of debt phase you. Only borrow within your means and always ensure your asset value exceeds the debt levels. Always leave a “buffer” in case of the unexpected.

Research the types of properties that make great investments, tenancy advice, and taxation advice and obtain an understanding of how it all works.

Understand that purchasing just one investment property will not enable a retirement lifestyle; rather you will need to understand that a portfolio can be five properties and more in order to achieve an early, wealthy retirement income.

Phase 2: Retire Debt

In order for you to retire and obtain an income from property you eventually need to own your property unencumbered or debt free. This being the case a good strategy is to purchase (over time) a number of investment properties, sit on them as they grow in value and as retirement nears begin to sell some of your portfolio in order to repay all borrowings on those properties you wish to keep.

This will give you a smaller portfolio but a fully owned portfolio. The rental income is yours to keep.

Obtaining the right property for your needs is important to your success. Seek advice from those that have done it before, have an understanding of taxation laws and can show you how to build a retirement nest egg.

If you would like to explore your property investment options, contact us.

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Hot Topics Property Management-The New Australian Dream

Hot Topics Property ManagementHi,

I came across this podcast from Lee Woodward of Real Estate Academy Australia (www.realestateacademy.com.au) which I believe will be very helpful for anyone in the real estate industry.

The New Australian Dream is an opportunity to purchase property using a Self Managed Super Fund. On this audio Lee Woodward, has tested the strategy and interviews the Westpac Banking Corporation and a Financial Planner to give you a clear, concise plan in 10 simple steps to achieve the new Australian Dream.

Enjoy this audio and learn the new investment strategy taking the nation by storm.

Click here to listen to the podcast.

If you don’t have iTunes, you are able to download the podcast as an mp3 from this link.

I hope you will enjoy this as much as I did.

Regards,

Christina

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Things You Need to Know Before You Bid at Auction

Things You Need to Know Before You Bid at AuctionLaws governing the purchase of property at auction differ from those covering private treaty.
It is advisable to make sure you are in a position to bid at auction, prior to attending.

A successful highest bidder is committed to proceed with the purchase so bidders need to ensure that they are in a position to proceed.

The purchase at auction (under the hammer) is not subject to a cooling off period or building inspection, it is an unconditional contract.

Tips for preparing to bid include:

  • Obtain written finance approval. This can be subject to a valuation so this may need to be done prior to the auction.
  • Arrange the deposit. Check with the agent what is required. It is usually 10% and payable by cheque or bank cheque on the day.
  • Undertake a pest and building report prior to the auction if the owner has not provided one. If they have, call and discuss report with the inspector.
  • Have your legal representative peruse the agreement for sale and undertake due diligence.
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