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How to proactively protect your property from termites

If any of your investment properties are at risk of termite infestation, there are things you can do to protect your property proactively. The best way to prevent termites is by first understanding what attracts these pests in the first place. Here, we share some of the things you should do to protect your property, so it's kept termite-free at all times. Remember what attracts termites Termi...

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Top tips for a smooth tax time

It's almost the end of another financial year, and that means tax time is coming. To make your tax time go smoothly and maximise your return, it's important to get organised now to save any administrative headaches and get your tax return completed as soon as possible. In this article, we outline a few things you should do to get organised for tax time. Double-check and declare all income If ...

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How to find the right Property Manager

One of the most important factors in maintaining a profitable investment property portfolio is having a good property manager. While it might be tempting to manage everything yourself, a property manager not only knows the ins and outs of the market, but they have systems and processes to make sure everything is running smoothly. In this article, we outline what you need to look for when search...

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Negative, neutral, positive gearing: Which is best?

Tax law in Australia is inherently complex. As an ever-evolving beast, a change in one area of tax law has implications across many other areas, especially when it comes to people's finances and investing. Negative gearing is one of these areas, and it's been a hot topic in recent years. Deciding whether your property will be negatively, neutrally or positively geared is a critical consideratio...

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Common property investor mistakes to avoid

There are lots of things to remember when you're a property investor. From interest rate changes to the ups and downs of property prices, it's important you remember a few key things to maximise the value you get from your investment properties. In this article, we share a few of the common mistakes you should avoid when it comes to property investment. Not prioritising your debt There...

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Should you stage your rental property?

Ensuring your property listing looks attractive to prospective tenants is a key part of leasing your property quickly. While it may seem like an extra expense, getting your property professionally staged is a great way to help prospective tenants feel at home as soon as they look at your property. In this article, we share some key factors to consider when staging a rental property. Don't brea...

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Common property investor mistakes to avoid

There are lots of things to remember when you're a property investor. From interest rate changes to the ups and downs of property prices, it's important you remember a few key things to maximise the value you get from your investment properties. In this article, we share a few of the common mistakes you should avoid when it comes to property investment.  Not prioritising your debt There...

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What is a depreciation schedule, and why do you need it?

    Depreciation is often overlooked when it comes to the deductions you make each year at tax time. It's easy to do given depreciation is a non-cash deduction. On average, in the first financial year, investors can expect to claim around $9,000 in depreciation deductions.   There are two types of depreciation — capital works and plant and equipment assets. In this art...

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Could rentvesting be the key to building wealth and your dream lifestyle?

In recent years, the concept of rentvesting has grown in popularity as property prices around inner-city suburbs grew rapidly. For example, you may have wanted to enter the property market close to Sydney's CBD but didn't have a large enough deposit saved. With rentvesting, you can invest in one area you may not live in while renting in your dream neighbourhood.   Rentvesting gives...

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What is rental yield?

Before you buy an investment property, you'll likely calculate its yield. The yield on an investment property details the future income you can expect to make represented as a percentage on an annual basis. Not only does this help you determine if a property is suitable for your wealth-building goals, but it gives you a benchmark to compare against other investments where returns are typically ...

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Why landlord insurance is an expense you won't regret

According to Finder, landlord in insurance costs an average of $208 per month for a property worth $1 million. This amount can increase or decrease depending on the value of the property. Once it's tallied up for the year, your landlord insurance will probably be one of your larger ongoing expenses (if you haven't had to make major repairs). So, is it worth having landlord insurance if it can s...

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Buying property in a self-managed super fund (SMSF)

Buying property in a self-managed super fund (SMSF) Using an SMSF to buy property has become popular in recent years, but you need to make sure you consider how buying through an SMSF may impact your investment. With the adjustments in this year's Federal Budget to allow up to six members in an SMSF, this may also provide buyers with more purchasing power in their SMSF, but you have to be care...

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What is Capital Gains Tax (CGT)?

What is Capital Gains Tax (CGT)? Capital Gains Tax (CGT) is a key area of tax that property investors should understand. While CGT may seem daunting, it's not as bad as it may seem once you dig a little deeper. In this article, we detail CGT, including how to calculate it. CGT defined The CGT is a levy that you need to pay on the capital gains you make from the sale of an asset. This a...

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What to look for in an investment property

Searching for the right investment property can be a lengthy process. Not only do you need to think about your long-term wealth goals, but you need to make sure the investment property you buy will help you achieve these goals. In this article, we share six tips to help you understand what to look for in an investment property.   Research the market There are several property m...

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Tips for sprucing up your investment property

Saving money and renovating your investment property typically don't seem to go hand in hand. However, there are some ways you can add some extra "wow" factor to your property without breaking the bank. We share a few cost-friendly ways you can update your investment property below.   Share fencing costs with neighbours For fencing around the dividing line of properties, the cost ...

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The one principle that puts everything into perspective

With the volatility seen in share markets this year, along with continued uncertainty in property prices, it could be easy to let fear influence your decisions when it comes to money and investing in 2020. While each recession has its unique catalysts, this year being no different with COVID-19, economics and markets do eventually recover. With that in mind, it's important to remember one key p...

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The 3 Key Triggers to knowing if you need a Depreciation Schedule

Three key triggers telling you to get a depreciation schedule since legislation changes came in to effect in May 2017. Let’s start with a way you can all but guarantee that you need a depreciation schedule. 1.       The property commenced construction after the 16th of September 1987. If the property was built after this date, it means that you&rs...

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Key things to consider when you refinance

With interest rates at record lows, it may be a good time to think about refinancing your mortgage. There are several advantages to refinancing including the potential for lower repayments, special refinancing offers and additional loan features such as an offset account which you don't have with your current loan. While all these benefits are tempting, there are key things you need to consider...

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Spring in to Waterman Property Management & Win!

WATERMAN PROPERTY SPRING PROMO List with Waterman Property this Spring! Waterman Property Managements Spring Promo will give you a $250 gift card for switching to us or signing with us during our promotional period. 01/09/2020 to 30/11/2020. You will also be in the running for a bonus $1000 gift card!!!! There is also the added bonus of a $100 gift card for each referral to family and frien...

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Spring at Last!

Spring in Adelaide, it's in the air! Time to tackle those cobwebs and give your home a good spring clean, reviving your space and perhaps inspire a fresh new look. Here are seven tips to get you started:   1. Think positive! Spring cleaning gives you a perfect chance to rethink your space and create areas that are tailor-made to suit your needs. What would you like to gain from your spa...

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Maintaining A Successful Tenancy

BAD TENANTS LOVE DIY LANDLORDS Placing your property for rent in Adelaide as a 'do-it-yourself' landlord via the local newspaper or online may net you a lot of phone calls from tenants who do not like to deal with agents. There are plenty of tenants that know full well it's easier to deal with a private landlord who lacks experience and is unlikely to undertake in-depth reference checks or sc...