Content submitted by NMD Data.
We are NMDData ( National Mortgagee Deceased Data ) owned and operated by John Kovacs, a former Real estate agent with years of real estate experience, and a former Principal/Manager of a Noel Jones franchise in Richmond.
Since inception (October 2006), we have listed over 190,000 properties under our categories, all over the country both in city and regional areas. Our exclusive database is now THE major reference point for Mortgagee Repossessions, Executor sales, Public Trustee’s, Deceased Estates, Receivers, Liquidators, Administrators and Housing Authority (Govt) properties. We are a membership based service that sources and displays the best value and potentially the highest yielding Real estate opportunities in Australia.
NMD Data is aimed at drawing attention to this niche market and exposing substantial national opportunities for our astute members to target locations and regions that would have previously slipped under the radar. It’s designed to substantially reduce the time it takes to scroll through endless mainstream property listings. So what are the advantages and disadvantages in purchasing these types of properties?
The advantages; they
can be bought well below market value (In today’s market 10 to 30 % is achievable)
provide a more affordable option to enter into the property market
may require only minor repairs and renovations (Paint, carpet, landscaping)
are easier to rent due to rental shortages across Australia
provide higher rental yields due to better buy in price
offer vacant possession (Lenders to arrange all legal proceeding and pay all costs)
allow you to claim depreciation on the building 2.5 pa, including fixtures & fittings
can be either negatively or positively geared
provide Tax deductions: agent’s fees, repairs, insurance e.t.c
provide leverage for future investment needs
The disadvantages; you
may pay more than it’s worth
could over capitalize on renovations
may be locked into a slow growing capital growth area
They represent real value and are more often than not fantastic investments opportunities. These properties are very popular because they are rarely, passed in and can be purchased below their actual market value. 10 to 30% is certainly achievable in both the residential and commercial/industrial market sectors across Australia in today’s buyers market.
Banks, non-bank lenders, Public Trustee’s and Estate administrators are applauding this initiative and the growing body of property listings is indicative of the support from the Real Estate Agents throughout the Country.
All in all the establishment of NMDDATA has created a more efficient approach for both buyers and sellers in this segment of the Real Estate Market.
We plan to continually increase the effectiveness of our capture programs within our stated markets nationally and maximize value to our members by providing the latest software including new and innovative programs that will assist in their decision making processes.
Here’s a RED HOT TIP from NMDData
Historically the holiday season is a slow period in property sales; they don’t hit the highs again until late Feb, early March. This means 3 to 4 months of finger nail biting for anxious vendors making them more flexible and keen to sell.
It’s a long wait most would agree.
If you haven’t seen it already; the thinking here is that the market in this period is open for negotiation. If you’re a buyer and happened to be cashed up and ready to settle quickly you’d probably snap up a red hot property bargain or two. You’d need to do your homework as always but if everyone else is away on holidays it could be that some of that annoying competitive pressure is off. You could take the leisurely approach… …do it in holiday mode?
From all the staff at NMDData please enjoy your holiday break – Merry Christmas and a Happy/Prosperous New Year
Gain the Investment Advantage and Join Today!
For more information go to www.nmddata.com.au
The above information is supplied by NMD Data.
Disclaimer: while due care is taken, the viewpoints expressed by sponsors
do not necessarily reflect the opinions of Your Investment Property.
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