Read on for the latest sharp eyed commentary on the property environment as viewed by Graeme Eagle, our resident property expert
1. Recently I heard of some property investor friendly changes to bank lending policies such as a ten year interest only product and higher percentages of rental income applied to servicing to cover expenses . It could be a good time to talk to your mortgage broker!
2. Do you own rental properties but want to have a crack at property trading or developing to make some extra money? If you’re thinking of going down this route please talk to us first. There are a whole set of different tax rules than can apply.
3. With high interest rates looking at sticking around for at least another year, increased insurance, rates, maintenance and income tax bills property investors are under a lot of financial pressure. Come and have a chat to us to see how we can help you maximise your cashflow. As a good property investor friend of mine reminds me frequently: “capital growth doesn’t pay the grocery bill”.
Want to know more? Get in touch with us today!