Current issue - April 2014
How I made a year’s salary within a year from property
Just imagine having a whole extra year’s salary in your mitts and not needing a surname like Trump, Rinehart or Gates. The great news is you can and we’ve found the investors to prove it!
API chats to five savvy investors who all amassed equity equal to or greater than today’s median after-tax income for Aussies working full-time, which is around $43,000.
Some of our featured investors have made more net wealth from their purchases last year than Australia’s gross average full-time income figure; just shy of $74,000 in 2013.
Mel Koutchavlis made around $50,000 after a renovation project in Sydney’s inner city suburb of Redfern, while Alex Haddad created $100,000 in equity, thanks to buying some run-down units no one wanted.
A Melbourne couple created an extra $120,000 in just seven weeks and a renovation project landed a former salesman $60,000 in less than a month!
Find out their secrets to success and how anyone can do it in today’s market.
The dollar effect
There may not be a strong link between the strength of the Australian dollar and rising house prices. We look at all of the factors in the finance equation and discuss if it’s worth waiting for the dollar to fall.
Open for inspection
Analysing an investment property listing is the first step in deciding if you’ve stumbled upon a dud or a dream. When should you buy? When should you walk away? Find out what to look for and how to know if the deal is good.
It’s D-Day and the pay off for all your hard work as a buyer or seller is about to be realised. But how do you make sure everything will run smoothly? API looks at what happens come settlement day and what the consequences are for late delays.
When it comes to selling property everyone wants the best agreement for the lowest possible expense. But how open to negotiation is your real estate agent? Discover the tricks for getting the best possible price as well as a fast sale.
What will the $5 billion price tag on Brisbane’s massive infrastructure project deliver? We reveal how a planned double-decker tunnel running beneath the Brisbane River will impact property prices and potentially benefit investors.
ROADMAP TO WEALTH
Cam and Penny Edmeades have just begun their property journey. They own two properties in Queensland and one in Victoria and now have their sights set on a comfortable retirement. How best can they get there? They chat to two experts on how they can find financial freedom sooner rather than later.
The super saver
Kosta Maltaris saved $100,000 before he bought his first property at age 24. Now 26, he has a $1.4 million portfolio via two instant equity unit renovations and a house-and-land package. With a recent revaluation giving him $100,000, he can’t wait to go again. Find out what his plans are.
From the ground up
We join property developers Ruth and Stephen Host on location in Bomaderry, New South Wales, for the next instalment of their development series. From researching the local market to making the numbers add up, the couple takes us on their journey and discusses why they employed a strategy of their own.
MY PROPERTY NIGHTMARE
Walking on a knife’s edge
Find out how an inexperienced buyer escaped the fate of paying too much for a property that required thousands of dollars in repair work.
News & Views
The latest property news, Market Monitors, In the Hotseat with the co-host of Foxtel series Location, Location, Location Australia and director of Empower Wealth Bryce Holdaway, Tax Straight Up, Ask the Experts and more.
Tax – how adding back building depreciation works
Julia Hartman reveals the formula behind adding back building depreciation and how it impacts property purchases made after May 1997.
Bricks and mortar
API’s panel of experts tackle the difficult questions sent in by readers, including how to maximise your equity and reduce your tax.
Investors who have featured in API answer some questions and reveal their secrets about how to find a good deal.
Property expert Michael Yardney reveals his seven pearls of wisdom for achieving property success.
Where's hot and what's happening in property in your state. More
API Databank - your vital property statistics
In our Market Watch section, for thousands of individual Australian suburbs you'll find:
- House and unit median prices and gross rental yield
- Number sold
- Capital growth over three months, 12 months, three years, five years and 10 years
- Stock on market
- Median advertised weekly rent
- Gross rental yield
- Average number of days on the market
In our API Databank you'll also find:
- Vacancy rates for thousands of Australian postcodes (from SQM Research) About SQM's methodology
- Auction clearance rates for many Australian cities
- Average days on market and private treaty discount percentage for major Australian cities
- A vast range of important market indicators from Herron Todd White such as stage of property cycle, rental vacancy trend and much more.