The proposed changes would increase compliance responsibilities when intensifying, changing, or carrying out development on land in the state
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Vic Tang’s property journey began in 1989 when he moved to Australia from Singapore and secured his first home with the help of a 50% deposit. Almost three decades later, he has a portfolio worth more than $4m, with an equity position of around $2.5m. He shares the steps he took along the way, including a stint in development.
Taking chances when others were ducking for cover was a strategy that paid dividends for investor Michael Zhu. He took bold action during the GFC and was richly rewarded for it with an investment that doubled in value. He now has a net worth of around $1.1m and growing.
In 2005, Michael Ossitt and his girlfriend Sarah moved to Australia with a backpack of worldly belongings and $2,000 in cash. Today, he and Sarah, now his wife, have amassed over $1.2m in property equity. Michael’s achievements prove that success in property – regardless of the starting point, or the circumstances that crop up along the way – is all about passion, dedication and aiming high.
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No matter what causes a suburb to suddenly become hot property, the rising prices force buyers to look at cheaper surrounding neighbourhoods. Subsequent demand for these surrounding suburbs is the ‘ripple effect’ in action.
David Bannerman and Ben Robertson explain how current laws work in the event of water damage to an apartment.
Using the equity in your home is a smart way of building your property portfolio without feeling the pinch. Here’s a run down of everything you need to know about equity to be a savvy investor.
Leading reno expert Cherie Barber answers a reader question about how to pick the right agent to sell your property, and what to look out for.
I completed a subdivision development of two units. We sold the rear unit and moved into the front unit. If we decide to sell, what amount of CGT should we expect to apply for the front unit where we currently reside?
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