Archive for July, 2010

Tip  – Start with a lower priced property.

It is much easier for a lower priced property to increase in value by say 10% than a more expensive property.  Lets say you buy a property for $250,000 – you paint, polish the floor boards, tart up the kitchen, a little landscaping and you have added at least the cost of the work to the value of the property and likely more.  You only need the value to increase to $275,000 and you have a 10% capital growth.  It is much harder to have a higher price property increase by that amount.   ($1 million property will need to increase by $100,000.)

There is more to refinancing than meets the eye.  Let’s look at the three main drivers behind refinancing:

1. Debt consolidation.
2. Better interest rate
3. Release of equity

Let’s look at the release of equity. Most of my refinancing activity comes through my investor clients. Investors are starting to fill the gap that was created by first home buyers. They are building a little bit of equity in their property and then refinancing so that they can buy another property.  It is like “leap frogging” into the next property.  Your equity provides the deposit and costs for the investment property. These funds are tax deductible, as it is the purpose of the funds that the ATO looks at rather than the security offered.

Releasing equity is a great way to start building your property portfolio.

If you have property in Lake Macquarie, Newcastle, Cessnock, Maitland, Central Coast or Port Stephens  and would like a no cost Rp Data property report just follow the link below

 No cost Rp Data Property Report

The City of Lake Macquarie has 11 suburbs record 10% and above capital growth in property for the first quarter of 2010 in figures recently published by Rp Data.

This shows that Lake Macquarie still has strong growth and supports it’s claim to being one of the fastest growing economies in NSW and a suitable place to invest.

As  you can see from this list the growth there is in all areas of the City.

Brightwaters 39% Hillsborough 23% Kahibah 23% Kilaben Bay 18% Windermere Park 18%

Belmont 15% Lakelands 15% Garden Suburb 13% Morisset 11% Fennel Bay 10% Nords Wharf 10%

Blacksmiths 9% Pelican 9% Cardiff 8% Wangi Wangi 8% Woodrising 8% Argenton 7% Speers Point 7%

Tingara Heights 6%

For a free copy of the Rp Data report on your suburb or any suburb you may consider investing in follow the link below and enter detail of the property.

Free Property Report

 

Figures just released by Rp Data show that the top performing suburbs in the Newcastle LGA  for the first quarter of 2010 were:        

Lambton Median Growth Graph

New Lambton 37%   Elermotre Vale 11%   Lambton 9%   Waratah West 9%   Merewether 6%   New Lambton Heights 6%

Channel Direct Home Loans offer anyone considering investing or buying another property a FREE Rp Data report valued at $89.95  by following  this link  and providing the details of the property.

From the latest report many suburbs within the Hunter Valley, Lake Maquarie, Central Coast and Port Stephens had capital growth in the first quarter of 2010. If you would like to know how you property or suburb performed follow the “free property report” link to receive a copy 

Now as we enter a new financial year it may be time to consider  entering into property as an investment, may be you would like to look at  property in you own area. 

Channel Direct Home Loans offer an obligation free consultation and can assist you should you wish to consider this option to wealth creation.

Get your free report here

Free Property Report