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August 31, 2012

Where do the rich reside?


If you just so happen to be a multi-millionaire and you’re after a quaint little shack in Australia’s most exclusive, A-list neighbourhood, look no further than Sydney’s Tamarama.

BY MICHAEL YARDNEY

According to RP Data, the beachside enclave has pipped Point Piper as our nation’s most expensive suburb. Affectionately dubbed ‘Glamarama’ by locals, it has seeing a growth in property prices of 38 per cent over the past five years.

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August 30, 2012

Negative gearing – should it stay or should it go?


The original goal of negative gearing was to boost investment in rental accommodation, thereby increasing supply and promoting affordability. With that in mind, it’s safe to say the policy hasn’t been very successful.

BY SHANNON MOLLOY

Does it really benefit anyone, apart from investors? Is it time for a dramatic rethink? Those questions and others were prompted in the wake of the release of the Henry Tax Review. The resulting debate has divided the property industry.
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August 29, 2012

Simple ways to grow your rental return


I can’t imagine not having an internal laundry. The thought of schlepping my stuff to a laundromat and sitting there amongst drug peddlers and ladies of the night while my clothes wash, then dry, is nightmarish. I’m just far too lazy for that.

BY SHANNON MOLLOY

It’s therefore no surprise tenants will fork out extra rent for the luxury of even a launderette. I’m not talking a spacious room with a tub and linen press. A cupboard enclosure with a few taps and a drain will do the trick. Generally speaking, that’s not a huge investment on the part of the landlord and it could pay for itself in a year or two.

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August 27, 2012

Six surefire ways to boost your borrowing power


In the current property climate where there are opportunities abound for savvy investors, the last thing you need is an unnecessary restriction on how much you can borrow.

BY ROLF SCHAEFER

Limited borrowing power is a reality many investors face given the banks heightened wariness around refinancing and tighter restrictions on how much they’re prepared to put up.

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August 24, 2012

How the rich make their money


If you think the wealthy made their money by slaving over a desk like ordinary folk, you’ll never be rich. That’s the assessment from a recent article in BRW. They cited American entrepreneurial website Inc.com, who combed through the Internal Revenue Service’s latest annual report.

BY MICHAEL YARDNEY

Inc.com’s review of the United State’s big earners included a break down of how they earned their keep.

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August 22, 2012

More pieces of the puzzle in place for a property recovery


Good news is like a really special novelty mobile phone ring tone. You love it so much you almost hope you’ll get a call. It’s refreshing and it makes you feel good. Sadly, some people just don’t like what they hear no matter what the tune is.

BY SHANNON MOLLOY

Every now and then, for no apparent reason, some of us are glass-half-empty people. We can’t see the good side of things no matter how much others try to reassure us. And sometimes, we’re just downright bitchy.

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August 17, 2012

How many more apartments can we build?


The perception that our capitals are turning into mini-Manhattans given the number of high-rise apartment projects in CBDs and city fringes is untrue, according to the results of the 2011 census.

BY MICHAEL YARDNEY

Greater Sydney remains the apartment capital of Australia with more than a quarter of residents (25.8 per cent) living in this type of dwelling. Interestingly this proportion has remained virtually unchanged over the past five years.

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August 13, 2012

How to become a super investor


Many investors get stuck on one or two properties and fail to progress up the property ladder. They probably know in their hearts that they’ll need to build up a bigger portfolio to have a hope of achieving financial freedom.

BY RICH HARVEY

You might’ve read several property books or magazines and been to a couple of seminars to get the basics, but things still aren’t quite progressing You might feel like there are missing pieces to your property jigsaw puzzle.

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August 10, 2012

It’s been a tough year for Australia’s rich


Think the rich are only getting richer? Think again. Australian millionaires have had a rough year – even rougher than their foreign counterparts. What’s the reason?

BY MICHAEL YARDNEY

The annual Capgemini World Wealth Report shows the number of Australians who were classed as high net worth individuals, or those with at least $1 million USD ($982,000 AUD) in investable assets, fell by 6.9 per cent to 179,500 last year. That’s the sharpest fall across the world’s 13 largest pools of millionaires.

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August 8, 2012

The country cousin that scrubs up alright


Long regarded by its more sophisticated southern counterparts as a cultureless backwater and haven for angry bogans, where white shoes are on trend and the locals are a bit slow, Brisbane seems to have soared to the top of property buyers’ ‘hot’ lists.

BY SHANNON MOLLOY

When the nation’s gaze turned towards Brisbane in 1982 for the Commonwealth Games and again in 1988 for the World Expo, they were no doubt impressed by what they saw.

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