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Product Description
COVER STORY - THE MIDAS TOUCH - Anna Ward
Before she buys and renovates them, the apartment blocks Anna Ward seeks out certainly aren’t much to look at (see cover photo.) Afterwards, however, it’s a different story. Anna’s remarkable ‘people skills’ have helped her build a million-dollar-plus property portfolio from a very modest starting point. Some of her units return rental yields of over 14% p.a., and her improvements have provided effective rental increases of around 33% p.a.
PROFILE
DEVELOPING THE POLICE LOCKUP
Architects Robin and Fraser Spencer have consistently utilised the skills they’ve developed with commercial projects for their own property investments. A recent project offered the challenge of blending a new building with a contemporary design to an existing historical building – a former police lockup. Adding to the challenge was a difficult site. The resulting development maximised the site’s value from a commercial standpoint yet retained the unique character of the old lockup.
SPECIAL FEATURES
ARE YOU ADEQUATELY INSURED?
While most property owners have ‘standard’ insurance cover, many are caught out by failing to have in place the Ôextra’ coverage for such events as flooding, damage from tenants, losses from rental vacancies, etc. These are typically not part of basic insurance packages and must be arranged separately. David Wheatley reports.
RENOVATING WITHOUT OVERCAPITALISING
In the lead-up to the new GST era, many homeowners and investors and understandably keen to undertake and complete renovations before the tax is introduced. However, without careful planning and good market analysis, renovations are likely to result in overcapitalisation.
BUYING LAND AND BUILDING
Rather than buying an existing property, many Australians prefer to buy vacant land and build the house they want. In this in-depth feature Nick Humphrey covers the entire process in great detail, from initial land purchase through the many building options including display homes, kit homes and much more.
ELIMINATING VACANCIES - How to beat the competition
Prolonged vacancies can put a real dent in an investor’s rental yields, in some cases even causing serious financial problems. As David DeMoor points out, a thorough understanding of rental market dynamics will help smart investors maximise their yields and income... in strong or weak rental markets.
SUCCESSFUL PROJECT MARKETING - Segmenting & targeting markets
Why do some new residential developments sell out rapidly while others languish on the market for months, sending their developers to the wall? Project marketing expert Joseph Tigani explains.
INTERPRETING MEDIAN HOUSE PRICE GROWTH STATISTICS
Correctly interpreted, statistics showing the changes in median house prices for a particular area are a valuable tool for investors in their attempts to identify areas showing strong capital growth. However, many people misinterpret them... the most common mistake is to assume that, for example, a 10% increase in median house prices means that the value of a typical property would have increased by 10% in that period. Not true... we’ll show you why.
REGULAR FEATURES
READERS FORUM - YOUR QUESTIONS ANSWERED
In our Bricks and Mortar column, readers’ property questions are answered by our panel of experts.
SMART FINANCE WITH TRICIA GREEN
Tricia Green, Senior Loans Manager for mortgage broker Home Loans Now, explains how to correctly interpret the AAPR – a 'comparison rate’ frequently used to compare different mortgage products.
ACCOUNTANT'S COMMENT
Peter Dawkins continues his informative series of articles on the implications of the GST for home buyers and residential/commercial property investors.
SOLICITOR'S COMMENT
David Atkinson examines the question of liability for defective building structures after a property has changed hands several times. Some building defects can take years to become evident and the property may have been through several owners in that time... the legal situation can become rather complex.
BUILDING WEALTH WITH JAN SOMERS
In Jan’s own words... 'I’ve never used cycles as an indicator of when to buy investment property. We can all look back and pinpoint the times when it might have been ‘economically best’ to buy property. But hindsight only makes us wiser, not wealthier. The stories I’ve selected for this issue are about people who bought property regardless of the time... and were proven right in the end.'
WHAT'S HAPPENING
NEW SOUTH WALES / ACT
* Residex: How we made it through the 'nervous nineties’
* Residential market continues strong performance
* Growth in median house/unit prices by LGA: Sept Qtr 1999
* Canberra markets: What’s happening
* Sydney rental markets
* Growth in median rents by LGA: Sept Qtr 1999
VICTORIA
* Melbourne’s property market: Where to now?
* Vintage year for Victorian markets
* 20/20 hindsight for developers
* Growth in median house prices by suburb
QUEENSLAND
* Midwood: Property Issues in Qld
* Suburbs to watch: Annerly and environs
* Riverfront units heating up
* Pre-GST demand not yet evident
WESTERN AUSTRALIA
* Suburbs to watch: Coolbinia and East Fremantle
SOUTH AUSTRALIA
* Continued growth in SA’s market
* Growth in median house prices by LGA
Before she buys and renovates them, the apartment blocks Anna Ward seeks out certainly aren’t much to look at (see cover photo.) Afterwards, however, it’s a different story. Anna’s remarkable ‘people skills’ have helped her build a million-dollar-plus property portfolio from a very modest starting point. Some of her units return rental yields of over 14% p.a., and her improvements have provided effective rental increases of around 33% p.a.
PROFILE
DEVELOPING THE POLICE LOCKUP
Architects Robin and Fraser Spencer have consistently utilised the skills they’ve developed with commercial projects for their own property investments. A recent project offered the challenge of blending a new building with a contemporary design to an existing historical building – a former police lockup. Adding to the challenge was a difficult site. The resulting development maximised the site’s value from a commercial standpoint yet retained the unique character of the old lockup.
SPECIAL FEATURES
ARE YOU ADEQUATELY INSURED?
While most property owners have ‘standard’ insurance cover, many are caught out by failing to have in place the Ôextra’ coverage for such events as flooding, damage from tenants, losses from rental vacancies, etc. These are typically not part of basic insurance packages and must be arranged separately. David Wheatley reports.
RENOVATING WITHOUT OVERCAPITALISING
In the lead-up to the new GST era, many homeowners and investors and understandably keen to undertake and complete renovations before the tax is introduced. However, without careful planning and good market analysis, renovations are likely to result in overcapitalisation.
BUYING LAND AND BUILDING
Rather than buying an existing property, many Australians prefer to buy vacant land and build the house they want. In this in-depth feature Nick Humphrey covers the entire process in great detail, from initial land purchase through the many building options including display homes, kit homes and much more.
ELIMINATING VACANCIES - How to beat the competition
Prolonged vacancies can put a real dent in an investor’s rental yields, in some cases even causing serious financial problems. As David DeMoor points out, a thorough understanding of rental market dynamics will help smart investors maximise their yields and income... in strong or weak rental markets.
SUCCESSFUL PROJECT MARKETING - Segmenting & targeting markets
Why do some new residential developments sell out rapidly while others languish on the market for months, sending their developers to the wall? Project marketing expert Joseph Tigani explains.
INTERPRETING MEDIAN HOUSE PRICE GROWTH STATISTICS
Correctly interpreted, statistics showing the changes in median house prices for a particular area are a valuable tool for investors in their attempts to identify areas showing strong capital growth. However, many people misinterpret them... the most common mistake is to assume that, for example, a 10% increase in median house prices means that the value of a typical property would have increased by 10% in that period. Not true... we’ll show you why.
REGULAR FEATURES
READERS FORUM - YOUR QUESTIONS ANSWERED
In our Bricks and Mortar column, readers’ property questions are answered by our panel of experts.
SMART FINANCE WITH TRICIA GREEN
Tricia Green, Senior Loans Manager for mortgage broker Home Loans Now, explains how to correctly interpret the AAPR – a 'comparison rate’ frequently used to compare different mortgage products.
ACCOUNTANT'S COMMENT
Peter Dawkins continues his informative series of articles on the implications of the GST for home buyers and residential/commercial property investors.
SOLICITOR'S COMMENT
David Atkinson examines the question of liability for defective building structures after a property has changed hands several times. Some building defects can take years to become evident and the property may have been through several owners in that time... the legal situation can become rather complex.
BUILDING WEALTH WITH JAN SOMERS
In Jan’s own words... 'I’ve never used cycles as an indicator of when to buy investment property. We can all look back and pinpoint the times when it might have been ‘economically best’ to buy property. But hindsight only makes us wiser, not wealthier. The stories I’ve selected for this issue are about people who bought property regardless of the time... and were proven right in the end.'
WHAT'S HAPPENING
NEW SOUTH WALES / ACT
* Residex: How we made it through the 'nervous nineties’
* Residential market continues strong performance
* Growth in median house/unit prices by LGA: Sept Qtr 1999
* Canberra markets: What’s happening
* Sydney rental markets
* Growth in median rents by LGA: Sept Qtr 1999
VICTORIA
* Melbourne’s property market: Where to now?
* Vintage year for Victorian markets
* 20/20 hindsight for developers
* Growth in median house prices by suburb
QUEENSLAND
* Midwood: Property Issues in Qld
* Suburbs to watch: Annerly and environs
* Riverfront units heating up
* Pre-GST demand not yet evident
WESTERN AUSTRALIA
* Suburbs to watch: Coolbinia and East Fremantle
SOUTH AUSTRALIA
* Continued growth in SA’s market
* Growth in median house prices by LGA
Additional Information
| Author | API |
| Published In | Australia |
| Year Published | 2000 |
