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2012 is set to be a year of recovery for most Australian housing markets according to the Australian Property Monitors ‘State of the Market‘ report to December 2011. |
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Properties are discounted for several reasons. - The original listing price was set too high. - The property is sub-standard and nobody else wants it. - The property is a ‘niche property’ and there are limited buyers for it. - Prices have fallen due to softening market conditions. |
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Buying investment properties has proven to be a great way to build wealth over the long term, with some suburbs doubling in value every seven to ten years. |
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This article was written by - Micheal Matusik - The Matusik Snapshot http://www.matusik.com.au Slow yes, crash no. I am increasingly asked if I think the Australian residential property market will follow overseas markets where values have fallen sharply (by over 20% in many European countries and parts of the United States) since the GFC. |
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... Damien Holliday Buyers Agent |
Act quickly to make sure you’re not affected by new tax laws. Land tax bills are never welcome, but if your property is in Queensland and you rely on a trustee, you could be in for a nasty surprise this financial year. We asked Rob Lalor at Redchip Lawyers, a leading Brisbane-based firm, to share his insights into the impact of new land tax laws on trusts. |
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