The Goldie Property Press - July edition
This week, the Reserve Bank surprised many by holding the cash rate steady, when most were expecting an interest rate cut. At the same time, with the new financial year starting, the First Home Guarantee has changed, and the Victorian Budget has extended stamp duty savings for off-the-plan apartments, units and townhouses.
Buildings lose value - Land gains it!
Many property buyers forget this simple truth! Don’t just chase a pretty home. Chase appreciating land!
Smart investors know this. Every property has 2 value parts: the Building and the Land. Buildings depreciate over time, whilst Land appreciates. Real value growth is in the Land your house sits on!
What is a PPR and why it matters
Your PPR, or Principle Place of Residence, is your home you genuinely live in. It’s where you sleep, where you receive mail, where your belongings are held. All the things that prove it's your main residence.
Why does this matter? Because your PPR comes with some serious benefits, especially when it comes to taxes. Usually, you won’t have to pay Capital Gains Tax on the profit you make when you sell your PPR. Usually there are no Land Tax implications, and some Stamp Duty Concessions might apply for First-home buyers!
These tax benefits make your PPR one of your smartest investments you can make, if you do it right!
Understand the benefits of your Principle Place of Residence. Your PPR is your HOME, and it comes with some serious tax benefits when you are investing in it the smart way!
Land Tax (2024 - 2025)
Understanding Land Tax implications for Property Investors - Overview of Land Tax rules (2024 - 2025 financial year) in Australia and comparison of thresholds and rates by State
Land tax implications for Property Investors - Overview of the Australian Land Tax system, main rules, thresholds and rates by State
Disclaimer: this is a general overview of Land Tax in Australia, and intended to be used for general understanding of a complex tax type. The content does not detail specific rules that vary by state, and it does not take into account individual financial circumstances. Any financial decisions are undertaken at individuals’ own risk.
Understanding Land Tax implications for Property Investors - overview of Land Tax rules (2024 - 2025 financial year) in Australia and comparison of thresholds and rates by State
So, who is a Buyers Agent?
A Buyer’s Agent serves as a dedicated representative for buyers in the property market, distinct from a Real Estate Agent, who primarily advocates for sellers. The expertise of a Buyer’s Agent encompasses not only price negotiation but also the strategic handling of the property search process—an often stressful endeavor for many buyers.
Leveraging comprehensive data and market insights, Buyer’s Agents equip their clients with information that is typically inaccessible to the general public. This advantage enables buyers to make informed decisions, potentially leading to significant cost savings and the mitigation of future complications in the purchasing process.
Engaging a Buyer’s Agent for your next property acquisition is a prudent choice, ensuring that you navigate the market with confidence and make well-informed decisions that align with your property goals.
Let me explain in this short video what’s the difference between a Buyers Agent and a Real Estate Agent, and how Buyers Agents add value for money!
Andrea Goldie, Melbourne based Buyer’s Advocate, explains the difference between Buyer’s Agents and Real Estate Agents.