PROPERTY NEWS AND UPDATES
KEEP UP TO DATE WITH OUR LATEST VIDEOS AND NEWS ARTICLES
At Inspired Property Investing we like to keep you informed about the current property market and any changes or information that can help you invest with confidence. Thanks to our partners, who are experts in the fields of lending, accounting, financial planning, property research and more we are receiving regular updates on the market. Please check out our VIDEO section below and our latest NEWS AND EVENTS. If there are any topics you would like us to cover please contact us and we would be happy to help.
NEWS AND EVENTS
Check out our latest news, events and updates from our partners
SUPPORTING AMAZING CHARITIES - beyondblue
Here at Inspired Property Investing, we have always had the philosophy of giving back to the community and supporting charities here in Australia.
As part of our Giving Back campaign, we donate $1,000 from every property purchase by our clients. Recently beyondblue was the recipient of our latest donation.
Beyondblue provides information and support to help everyone in Australia achieve their best possible mental health, whatever their age and wherever they live. Click HERE for more information.
On the 17th of October, we held our Partners Lunch at the Mantra in Parramatta. The event was very well attended by Brokers, Accountants, Financial Planners, Solicitors, Developers and Banks representatives.
The topic of conversation was the current property market and how its actually not all doom and gloom as the media would want you to believe, more just a part of the property cycle. The point that was also made is this is the first time that a slow down in the market has actually been purposely created by APRA, The fall out from the Royal Commission and the banks tightening lending policies.
If you would like to know more please email
CHANGES TO GST FOR PROPERTY SETTLEMENTS FROM 1 JULY
From 1 July 2018, purchasers of new residential premises or potential residential land are required to withhold an amount of the contract price and pay this directly to us as part of the settlement process. The amount of GST will not change.
This does not affect the sales of existing residential properties or the sales of new or existing commercial properties.
For property transactions, purchasers will need to:
split the amount of GST from the total purchase price
pay the GST component directly to us by a disbursement at settlement
pay the GST exclusive purchase price to the property developer (vendor).
Property developers will need to give written notification to the purchasers when they need to withhold. The liability for the GST remains with the property developer, and there are no changes to how property developers lodge their business activity statements.
VISIT TO THE CENTRAL COAST TO LOOK AT DUPLEX OPTIONS
We headed up to the Central Coast this month to look at locations and land suitable for a duplex to be built on.
We are currently working with a family looking to build a Duplex. One side will be their parent’s retirement home and the other an investment for the children. We are exploring options for a 4-bedroom double story and 3-bedroom single story design. Based on recent sales in the area the duplex, once completed will be worth around $1.1million and will have over $150,000 in Equity.
If you’re interested in Duplexes or investing please get in contact for a chat phone 0433 935 054 or our contact page
INSPIRED PROPERTY INVESTING PARTNER AZM KAHN OPENS NEW YELLOWBRICKROAD IN PARRAMATTA
Azm Kahn is a very successful Mortgage Broker and a partner of Inspired Property Investing. Recently Azm made the switch to YellowBrickRoad (YBR) and on Thursday 19th July 2018 officially opened his office located at Shop 6/2 Horwood Pl Parramatta. The opening was well attended by friend, family, clients and colleague plus special guests Mark Bouris Chairman of YBR and Lord Mayor of Parramatta Andrew Wilson.
We wish Azm all the best and if you would like to check out the photos from the day click HERE and don’t forget to like YBR Parramatta Facebook page while you are looking at the pics!