Renewed enthusiasm for property!

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http://firstnationalnews.com/category/market-updates/

Interest rates cuts has significantly improved consumer confidence. The number of Australians that think now is a good time to buy a home has jumped 10 per cent since March.

A recent report by BIS Shrapnel confidently predicts that Perth house prices should grow 20.4 per cent over the next three years, that Brisbane should experience strong growth, and, that Sydney’s modest upward trend throughout 2012 should strengthen.

Have you been unfortunately convinced that Australia is at where USA was in 2008? Reconsider it again because RP Data says otherwise...
Australian dwellings construction is 21% below the 10-year average, according to RP Data. This is almost the complete opposite of what was occurring in the US property market in the lead up to the GFC. Our market is chronically undersupplied whereas the US market was chronically oversupplied. Secondly, Australia did not and does not have a sub-prime mortgage issue and our banking system is much more tightly regulated. This is what also helped our market avoid the correction that was inevitable in the US in 2008.

All over Australia there are well priced properties ripe for the picking.Come into JM Chase First National today and let us help you find a property for you!

Are you as optimistic as today's Gen Y about the housing future?

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http://discover.realestate.com.au/buying/news/gen-y-optimistic-about-housing-future

Yes they say property prices in the future is gonna be extremely high. Yes, some have said there will be more apartments than houses. Concerned about your accessibility into the housing market? Are you panicking that you might not be able to afford one? Well, don't.

Why not take a leaf out of today's Gen Y? Most of Gen Y believe very strongly that they will be financially capable of achieving housing goals despite fewer savings and less long term plans.

72% of Gen Y respondents said they would consider purchasing a property with a friend or family member in order to enter the property market - becoming innovative and creating new ways to attaining a house.

SHARING is the "new black" towards property and ownership. Not a compromise at all!

Collaborative consumption is a rising trend in Australia, and young people are particularly at home with a sharing economy that helps everybody win more in the long term.

are you a real estate fanatic? VIC's property outlook

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With Australia's two speed economy, there has been rather big price differences in prices of properties in different states. I'm sure some of you are planning to sell, curious as to how much your property is worth or planning to buy.. so you need to know how well is VIC doing to make best decisions and judgements.

Here's a link to VIC's property outlook : http://www.firstnational.com.au/?pagecall=content&ContentID=103270&MenuItemID=76802&subject=Property_Outlook

I highly recommend as it's a good read - covering economic & market outlook, property prices (residential, rental market and activity growth), trends, commercial property market, rural estate business outlook...

For a more summarised version for quick overview of what's going on in Victoria & Australia, check out our November newsletter.

HAVE A GREAT WEEKEND & MELBOURNE CUP PUBLIC HOLIDAY!! :D

What is tax depreciation?

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Are you a newbie to the real estate industry? or just need refreshing as to what tax depreciation is?

Every investment property owner needs a capital allowance and tax depreciation report. As a building gets older and items within it wear out, they depreciate in value. The ATO allows property investors to claim a deduction related to the building and plant and equipment items contained within it.

It can be claimed by any owner of an income producing property. This deduction essentially reduces the investment property owner’s taxable income – they pay less tax! There are usually thousands of dollars to be claimed in depreciation deductions on any investment property. 

There are many benefits for investors when claiming tax depreciation, some include:

• More money in your pocket at tax time
• You can adjust your previous tax returns – get your money back from the ATO!
• Double our fee or its free Guaranteed: If we cannot find double our fee worth of deductions in the first full financial year claim, there will be no charge for our services
• The fee for a tax deprecation report is 100% tax deductible
• BMT find investors an average of between $5,000 and $10,000 as a first full year deduction
• BMT work with your accountant

Great website for you to estimate your depreciation potential for your investment.. go go go go check it out!!

http://www.bmtqs.com.au/other/depreciation-calculators/CustomDepreciationCalculator.aspx?company=firstnational&cookieCheck=true&cookieCheck=true

Home ideas

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Home brilliant home ideas.. investment property? holiday house? .... or just simply mind-boosting ideas?

WHAT A MANSION!!

Something a lil more realistic but still magnificent!

Open Kitchen and a shaded outdoor dining area. High ceiling. Spatious.

Tropical inspired

This is taking outdoor dining to a whole new level..

To sell or not to sell????

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Such a big decision when it comes to selling.. when is the perfect time you ask?

Your decision to sell your property may not coincide with the perfect market conditions. Therefore it is important to know what is happening in the property market and the economy as a whole, as the real estate market generally reflects the current state of the broader economy.

What to consider:
- your own personal objectives
- your ability to finance a new property and meet ongoing repayments and capital gains tax implications for selling an investment property. 

But here's a website to check out your suburb's profile!!
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp

Register for JMChase Nov eNewsletter:

http://jmchase.com.au/index.cfm?pagecall=content&contentId=79944&menuItemID=80732

Breathtaking..

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Triglav National Park near the town of Bovec in Slovenia is one of the most charming places in the region.

This is nothing to do with real estate but it was too incredible not to share, Can you imagine waking up and seeing this???

Fascinating Aurora Borealis in Canada. Perfectly beautiful, isn't it?