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Buyer beware
31 March 2017 comments Natalie Kokic Schmidt

Buyer beware


  It is easy to get caught up in the hype when purchasing off the plan properties. There are many benefits to buying off the plan such as high depreciation, low maintenance costs, high rental returns, first home buyers grant and stamp duty concessions. However buying “off the plan” is not always all it’s cracked up to be. There are many things to consider and be [...]


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Market Wrap
31 March 2017 comments Symon Badenoch

Market Wrap


SALES   QUICKEST SELLING SUBURBS Houses Giralang, 12.1 days Wright, 14.2 days Red Hill, 15.6 days Hawker, 18.9 days Charnwood, 19.6 days Lyneham, 19.7 days Scullin, 20.9 days Melba, 21.2 days Page, 21.4 days Downer, 22 days Townhouses/Apartments Lawson, 13.8 days Weetangera, 15 days Hawker, 18.2 days Dunlop, 20.9 days Aranda, 20.9 days Ain [...]


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ACT Greens push government to investigate extending land tax to vacant rental properties
31 March 2017 comments Kirsten Lawson

ACT Greens push government to investigate extending land tax to vacant rental properties


  The Labor government has agreed to investigate a "vacancy tax" or an extension of land tax to vacant investment properties, after the Greens' Caroline Le Couteur called for action on Wednesday. Ms Le Couteur wants land tax to extended to all properties unless they are owner-occupied, charitable or farming properties, bringing the ACT into line with [...]


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Gungahlin roads received over half of Canberra's roads budget for second year running
31 March 2017 comments Finbar O'Mallon

Gungahlin roads received over half of Canberra's roads budget for second year running


  Gungahlin received two-thirds of the ACT's entire road budget in 2015-2016 and over half the budget this financial year, according to figures from ACT transport minister Meegan Fitzharris' office. The figures show $62.3 millon of the $90 million 2015/2016 ACT roads budget was spent on Gungahlin roads, while $61.5 million of a $111 million budget will be spent [...]


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What type of home loan will be the right one for me?
28 February 2017 comments MO'R Mortgage Options

What type of home loan will be the right one for me?


  Yep, we get it. A home loan can be boring. You can’t see or touch it and it doesn’t come in a range of pretty colours. However, since choosing the wrong type of home loan can cost you a lot of money over the long term, you need to choose one carefully. Not only when you’re looking for the right one initially, but also when you’re a few years into your [...]


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Market Wrap - February
28 February 2017 comments

Market Wrap - February


The Canberra Summer was one of the hottest and driest on record!  It has also produced some strong results in both the rental and sales market.   SALES The Canberra sales market has continued to improve over the Summer months with strong demand for any free standing houses in nearly all suburbs. The townhouse market has also been strong with a large amount of investors [...]


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Potts Point car space sells for $190,000 at auction
28 February 2017 comments Nicole Frost

Potts Point car space sells for $190,000 at auction


It may not look like much, but a 15-square-metre slab of cement was one of Sydney’s hottest pieces of real estate at an auction event on Monday night.   Three bidders fought for the secure car space at 6 Challis Avenue, Potts Point, before it eventually sold for $190,000 – a bullish $12,666 a square metre.   For comparison, the most recent apart [...]


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Is Renovating Worth The Hassle?
28 February 2017 comments

Is Renovating Worth The Hassle?


The long summer season means many people have time off. For some it is a time to carry out plans for the future year. Many end up making changes to their employment for living arrangements, including home renovations. It is always worth thinking carefully before renovating. Many home owners who extend or renovate their homes make money when they sell, while others wonder why they have trouble [...]


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Crunch the numbers and save
28 February 2017 comments BMT Tax Depreciation

Crunch the numbers and save


Want to be $96 per week better off? Before walking away from purchasing a first or next investment property, make sure to crunch the numbers correctly. That next bargain may actually be affordable if property depreciation is claimed. Astute investors will usually consider the potential rental return of the property, the property’s location in proximity to local services and facilities [...]


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Have you changed your details recently?
28 February 2017 comments

Have you changed your details recently?


If you have changed your contact details recently, and have not informed Badenoch Real Estate already, it would be greatly appreciated if you could email or phone these changes through to Jodie at accounts@badenoch.com.au or 6264 0912.


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