Q.Why should I consider buying a property in the Port Douglas-Cairns region
Whether you're an Australian citizen looking to make solid, financially secure long-term investments in real estate, or an overseas property buyer who can see the incredible value in Australian real estate investment generally, Australia offers an unrivalled level of security plus magnificent opportunity for capital growth. When it comes to Australian real estate, Port Douglas and Cairns uniquely offer the 3 main things we're all told to look for when buying a property - location, location and location.
Q. What are my options for buying an investment property?
It is generally excepted that the average investor feels more confident with real estate as a place to secure their future, believing that over all it will outperform cash and fixed interest deposits, particularly for the medium to long term. Many Australians prefer to invest in residential property, as it's a tangible, "bricks and mortar" asset.
Q. What Are Property Tax Allowances?
Property tax allowances are a valuable aspect of any property investment due to their ability to enhance an investor's return and produce a better cash flow. However, a high level of expertise is required to ensure that investors obtain maximum allowable entitlements.
Property tax allowances form part of the Income Tax Assessment Act 1997 (ITAA 1997) and provide an opportunity for owners of income producing property to reduce their assessable income. There are a number of property tax allowances available to property owners, investors, and developers, including allowances for building structure and depreciation on plant. Property tax allowances are often simply referred to as tax depreciation.
Q. What Are The Rules For Overseas Buyers?
The Australian Government's foreign investment policy has been developed to encourage investment in Australia and ensure that such investment is consistent with the needs of the Australian community. The Government recognises the important contribution offshore investment makes to the development of Australia's industry, resources and community.
Q. What Are My Property Financing Options?
Over the past few years the Australian mortgage industry has undergone enormous change and upheaval.The dozens of lenders and hundreds of products now on offer is proving to be a great windfall for you, the consumer. Australian Lending Tree is a Cairns based mortgage consulting firm specialising in sourcing residential home and investment loans as well as business and commercial finance and debt consolidation. They are one of several local companies that offer a service to help you find your way through the maze of lenders and products.
Q. Should We Consult A Solicitor?
The buying and selling of your home may be one of the most important transactions in your life. Factors other than the price of the property need to be considered. To ensure that no unexpected costs arise or problems appear in the transaction, it is best to seek the advice of your solicitor before any contract is signed.
For more information on the legal aspects of real estate transactions, please see our guides on:
Buying and Selling a House
Buying and Selling A Unit Or Townhouse
The conveyancing market is competitive so discuss with your agent and solicitor the fees involved, but remember that the cheapest is not always the best value. Please contact us for a list of local solicitors.
