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Wouldn’t it be nice to get some extra tax dollars in your pocket this financial year? With higher interest rates and the increasing cost of living, if you have an investment property you need to start planning ahead now. |
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Damien Holliday Buyers Agent |
Following the recent Global Financial Crisis (GFC) distressed property assets or sales controlled by insolvency companies have become common place. The number of distressed sales remained low through 2009 due to a lack of liquidity and demand from buyers. This turned around over the course of 2010 and investors would have noticed increasing volumes of distressed assets on the market throughout 2010 and 2011. |
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For investors who may be looking to take advantage of the forecast increase in distressed sales, they should be aware that these types of sales may present additional risks to normal commercial property transactions. |
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We have co-ordinated many renovation projects for our clients. Renovating a property can be a great way of upgrading to achieve your dream home or adding value to an investment property to increase its cash flow and capital value. However, before undertaking a renovation you should consider what you want to achieve from your renovation and that you are realistic about the budget that you have set for the renovation. |
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This month we talk to Angelo Korsanos, Director of Redshift Architecture & Art; he shares some of his experiences with us. |
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