Gold Coast Residential in Hope Island | Property appraisal

Gold Coast Residential

Locality: Hope Island

Phone: +61 412 516 589

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• Property appraisal
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• Estate agent

23.01.2022 How does Capital Gains Tax work? If you’re new to the property market, you may or may not have heard of the term capital gains tax. If you’re looking to sell an asset such as real estate or you need to report your income on your tax return to report a capital gain, you’ll need to be up to scratch with the term and how it works. In this article, we explore the ins and outs of capital gains tax, how it works and what you need to know when it comes to selling a house. ... Capital gains doesn’t need to be daunting so long as you understand the basics including: - Not everything is subject to the capital gains tax if you have made a loss on a property, you might not need to pay capital gains at all, so it's important to be aware of this when you are working to calculate your tax - It’s important to keep records for your tax and property investments so you can calculate the capital gains tax if required Capital gains tax is effectively a tax on the profit you have made on the sale of capital, so if you have sold a property and made some money on it, you might be liable for the capital gains tax. The tax is charged on a wide range of properties including units, townhouses and homes. The tax is also charged on investments such as shares and businesses as well. The tax is charged in the financial year that the asset is sold, in the instance of a property selling you won’t be charged this on the settlement date so you will need to allow for this tax to become due at the end of the financial year. To calculate the capital gains tax the difference between the sale price, minus associated expenses, and the original purchase price is calculated. Additional expenses such as conveyancing fees, stamp duty and inspection are also allocated as ‘costs of purchase’ and are used in the calculation. Some properties can have an exception to the capital gains tax, which means that when a home or property is sold the capital gains tax is free. To find out more visit the ATO website or speak with your conveyancing solicitor.

22.01.2022 Negative gearing getting the most out of your investment property Maximising your tax savings through your investment property is usually done through negative gearing, and if you’re looking to benefit financially from your investment you’ll need to take notice of a range of ways to claim on your property. Negative gearing is a popular wealth strategy for investments with property owners offsetting any net losses from the property against other income to reduce their ov...Continue reading

18.01.2022 Why you need to use a buyer’s agent to land the perfect property Have you ever come across the ideal house in the perfect suburb you want to buy it right there and then but wondered how you could get the owners to sell the home to you? There’s a simple way to ensure you have first dibs at the perfect property and that’s using a buyer’s agent. First thing’s first what is a buyer’s agent? The short version of a buyer’s agent is that they are known as a buyers advocate meani...ng they are licensed professionals that search, evaluate and negotiate on behalf of the buyer to purchase a property. Buyer’s agent’s don’t sell property but represent both investors and also home buyers who would prefer to get the best deal and options for their investment. If you have ever watched The Block, you would have seen buyer’s agents or buyer’s advocates in action. Here’s how buyer’s agents can help when you’re looking to find the ideal investment property or new home: Simplify the process of buying Buyers agent live and breathe buying property and have their finger on the pulse of property sales and potential opportunities at all times so that the second a property becomes available that suits your specific needs, they can add this to the shortlist of potential properties to meet your needs. By shortlisting properties that suit your specific needs, you can speed up the process and eliminate properties that aren’t up to standard or fall out of your exact specifications. Remove the stress of buying property An auction environment can be stressful, and if you don’t want to act on emotions, a buyer’s agent is ideal for taking the emotion out of an auction environment and ensuring the moment the property isn’t within your budget you’re not investing in a property that doesn’t suit your investment strategy. Stellar negotiators Buying property for a living makes buyer’s agents experts in property purchasing, and they can help to protect clients from being misled in the negotiation process so that you get the best price for the property without any nasty tactics being played out. Broader range of properties available Buyer’s agents don’t use the traditional means of finding properties that suit your needs; they have contacts within the industry to find out when properties are about to be listed so you can gain access to properties that have not yet been released to the market. No more waiting for the perfect property, your buyer’s agent will be your ‘eyes and ears’ so you never miss out again. Buyer’s agents don’t just provide access to a world of new opportunity for the potential property; they can help to educate and provide the methods investors can use to broaden their property education. If you’re looking to secure the perfect property, consider a buyer’s agent and find the ideal home or investment without the run around. We at Gold Residential can assist you with your next property, call us on 0412 516 589.

17.01.2022 Thinking of remodeling your kitchen, then think of Low Maintenance!

16.01.2022 What is a real estate cooling off period & how to ensure your real estate contract is legally binding. When you buy property, there is a cooling off period for a set number of days based on the state you are in after the exchange of contracts. This cooling off period starts as soon as the contracts are exchanged and work to protect buyers & sellers should they change their mind during this time and want to cancel the sale. ... Should a sale be cancelled during this cooling off period, the deposit must be returned, and penalties may also be incurred, these are taken out of the deposit ahead of this being refunded. So with this in mind, how can you ensure your contract of sale for your property is legally binding, and you are covering all of your bases legally? Here are a few tips for ensuring your real estate contract is legally binding: - Make sure it is a legal contract - the real estate contract must be in writing for the offer to be valid so you will need to ensure that you have everything in writing and everything is signed off by a conveyancing specialist on both sides - Ensure the details in the contract are correct you will need to ensure that the parties involved in the sale are correct for the contract to be legally binding so make sure you have this info on hand and that all info in double and triple checked in the contracts. - Property description needs to be correct the contract needs to outline the property being sold including the street address and the land. Always ensure that you have all of the correct information including purchase price and all the essential elements, as without this the contract may not be legally binding. - Signatures of all parties All parties must sign the contract, and the parties will need to be of the legal age and of sound mind for the transaction to take place. Each state in Australia has unique steps for contracts of sale for a property and your real estate agent and conveyancing solicitor will be able to step you through the process and ensure you have the correct information and a complete contract of sale for the sale to go through. For more information get in touch with REIQ for Queensland real estate matters or the state-based real estate institute in your state of territory.

12.01.2022 Step into this opulent and sophisticated family home, where indoor and outdoor living flow effortlessly together. This home will make you truly appreciate why you've worked so hard in your life to get to where you are now. OPEN HOME this Saturday 9th June from 11-11.30am Call James Warr 0412 516 589

12.01.2022 2 Bedroom Apartment for Sale in Hope Island. Please call James Warr 0412 516 589 for an inspection.

08.01.2022 What you should use to market your property - digital marketing vs. traditional marketing In the world of marketing, the debate of traditional vs. digital is a raging one that has many up in arms about which is better. In real estate, it is fair to say that there are pros and cons for both forms of marketing. Some strategies will provide more marketing leads and property enquiries while other types of marketing will provide the real estate agency with a higher ROI. ... Here are the key differences between both options so you can weigh up the options when you’re looking for marketing options to promote your property to potential buyers. Traditional marketing - Traditional marketing can be expensive traditional marketing might include printed flyers, signs and a wide variety of glossy brochures. All of these need to be professionally designed, printed and often posted, which can be expensive in the long run. - The ROI can be difficult to measure and analyse for traditional marketing in real estate there aren’t a lot of measurable elements. There can be a wide audience, and it is difficult to measure conversion rates. - A personal touch can make the difference when it is all said and done, traditional marketing can be a phone call, a personal catch up, pounding the pavement and putting flyers in mailboxes and old school marketing techniques that can make the difference in the result. Digital Marketing - Targeted customers online with digital marketing the world is your oyster and the option of targeting specific customers with advertising can ensure you are getting the most ‘bang for your buck’. - Save money - By advertising the properties online, you can avoid the need for printing and distribution costs so you can spend your marketing budget more wisely on the specific marketing rather than on printing, postage and graphic design. - Get the reach you need the digital marketing options are endless for real estate. You can use social media channels, search engines, remarketing, banner ads and more. - Digital marketing isn’t as personal obviously the digital marketing techniques for real estate are quite impersonal which means that while you are getting lots of data and information, you are not in front of the potential buyer and you do need to ensure your online marketing is engaging with your target audience. If you want to target a specific audience at a specific time digital marketing is a great option, it can also build brand awareness and trust within the local area. For best results use a combination of the two to ensure you are targeting your entire market and you are getting the ROI and sales results you’re looking for. For the right marketing advice please call the team at Gold Coast Residential on 0412 516 589.