Newsletter - Julie Feller Real Estate

Document Sample
Newsletter - Julie Feller Real Estate Powered By Docstoc
					Newsletter                                                                        April to June Quarter 2009 Edition #6
Wishing you a prosperous financial year!
We would like to take this opportunity to wish you a prosperous financial year. Our office has processed the end
of financial year statements that summarise the income expenditure on your investment property. This statement
should be retained and given to your tax accountant. If you have any queries relating to this statement, please feel
free to contact our office.
For some good news, an industry report shows Australian home prices have rebounded this year, almost erasing
falls recorded for all of 2008 in just four months. In the four months to April, home prices in capital cities rose
2.8 per cent according to Real Estate research firm RP Data, “virtually wiping out” 2008’s 3 percent fall in values.
Homes in every capital except Perth, rose in value. Considering the State of the world economic and financial
climate, it is surprising to see these figures as we start to see confidence rising particularly as investors return to
property and first home buyers continue to drive the level entry market forward.
In summary, Real Estate at the moment is being affected by very low interest rates and unemployment. Whilst
interest rates are still at an all time low for now, unemployment is on the upscale. Therefore, if you have stable and
secure employment or a steady income stream, it is a great time to be buying a new home or investment.

First Home Buyers - Still Winners!                                          Renovations – Are they worth it?
The Government announced the First Home Owner Boost would be                With the introduction of many renovation shows over past years,
extended until the end of the year, but would be halved from the            more and more property owners are choosing to renovate their
beginning of October- although the existing first home owners Grant         property. It may be a home renovation/extension to increase the
will remain unchanged at $7,000. The FHOB scheme – designed as              property size (avoiding having to relocate to a larger property) or a
an additional stimulus payment on top of the grant- will continue to        process undertaken to capitalise on the property and make money.
provide buyers with $14,000 for new homes and $7,000 for existing           Renovations undertaken on your principle place of residence are
homes until the end of September. From October 1 until the end of           often treated a little differently to investment property renovations.
2009, the boost will provide an extra $3,500 for existing homes and         If it is your home you will often spend a little extra to have it exactly
$7000 for new homes. When combined with the First Home Owners               the way you want it. However, if you are not planning on residing
Grant, first-time buyers of existing homes will be given $10,500 and        in the property for the long term, you should take the following
new home buyers $14,000.                                                    into consideration to ensure that you do not over-capitalise on your
                                                                            renovations. Once the property has been renovated you want to
ATO – Rental Expenses                                                       ensure that you will be able to get your money back.
                                                                            Tip 1 – Know the value of your property before you undertake the
You can claim a deduction for certain expenses you incur for the
period your property is rented or is available for rent. However,
                                                                            Tip 2 – Know your local market. What is the average price for similar
you cannot claim expenses of a capital nature or private nature
                                                                            properties? What is the lower-priced range? What is the higher-priced
– although you may be able to claim decline in value deductions or
                                                                            range? How are these properties presented? Even take the time if
capital works deductions for certain capital expenditure or include
                                                                            possible to drive past and view the properties from the street.
certain capital costs in the cost base of the property for capital
                                                                            Tip 3 – What will your renovation cost? Always add an extra 10%-
gains tax (CGT) purposes.
                                                                            20% on top of your anticipated costs and allow for contingencies
There are three categories of rental expenses – those for which             (unexpected costs).
you                                                                         Tip 4 – Engage an expert builder or project manager to assist with
• cannot claim deductions                                                   establishing the overall renovation costs.
• can claim an immediate deduction in the income year you incur             Tip 5 – The most popular rooms to renovate are the bathroom and
the expense                                                                 kitchen as they offer emotional appeal to the buyer or investor.
• can claim deductions over a number of income years                        Tip 6 – Improving the external appearance such as the lawns,
For a detailed understanding of all rental property expenses we             gardens and external painting of the property is often money well
recommend that you visit the following web link of the ATO and              invested. Make sure that the renovations are in keeping with the
download a copy of their 2008 updates:                                      street appeal and don’t dramatically stand out.            And once again, don’t forget to take property resale values into
                                                                            account when you renovate. It is important to please yourself, but
This guide explains how to treat rental income and expenses,
                                                                            from an investment standpoint, you should make sure that potential
including how to treat more than 230 residential rental property
                                                                            tenants and buyers will also think your improvements add value.

The Team...

   Julie Feller           Danny Taylor            Adam Gordony            Helena Lenthen               Judi Snider              Natalie Levy
                                                                                                                              Compliance & Risk
      Principal           Sales and Leasing       Property Manager           Trust Accounts          Reception/Admin            Management

                                                                                           Shop 1, 494 Old South Head Road, Rose Bay

                                                                                                                9388 3133
    Some of our properties leased in the April to June 2009 quarter:
    Darling Point Road, Darling Point                       2 bdrm apt $700pw                               Arden Street, Coogee                 1 bdrm apt $385pw
    Mount Street, Coogee                                    2 bdrm apt $700pw                               Arden Street, Coogee                 1 bdrm apt $375pw
    Arden Street, Coogee                                    1 bdrm apt $380pw                               Bellevue Road, Bellevue Hill         1 bdrm apt $450pw
    Blair Street, Bondi                                     2 bdrm apt $580pw                               Ramsgate Avenue, Bondi                   Studio $350pw
    Ocean Street, Bondi                                     2 bdrm apt $700pw                               Ramsgate Avenue, Bondi        1 bdrm penthouse $700pw
    Albion Street, Randwick                                 2 bdrm apt $525pw                               Denham Street, Bondi Beach           2 bdrm apt $500pw
    Blair Street, Bondi                                     2 bdrm apt $450pw                               Langlee Avenue, Waverley      3 bdrm townhouse $900pw
    Penkivil Street, Bondi                                  2 bdrm apt $ 525pw                              Gould Street, Bondi Beach            1 bdrm apt $500pw
    Bronte Road, Waverley                                   2 bdrm apt $675pw                               Dudley Street, Coogee                2 bdrm apt $470pw
    Queen Street, Woollahra                                 1 bdrm apt $600pw                               Old South Head Road, Vaucluse     3 bdrm house $875pw
    Blair Street, Bondi                                     1 bdrm apt $475pw                               Blair Street, Bondi                  1 bdrm apt $370pw
    Surry Street, Darlinghurst                           3 bdrm terrace $750pw                              Leura Road, Double Bay               2 bdrm apt $525pw
    Creer Street, Randwick                                 2 bdrm semi $600pw                               Ocean Street, Bondi                  2 bdrm apt $500pw
    Edgecliff Road, Woollahra                               2 bdrm apt $500pw                               Penkivil Street, Bondi               3 bdrm apt $675pw
    Dover Road, Rose Bay                                    3 bdrm apt $800pw                               Gadigal Avenue, Zetland              2 bdrm apt $550pw

            FOR SALE
                                                                                                                            Details: Danny taylor 0417 400 553
                                                                                                                                     Julie Feller 0417 155 166

     BONDI 7/10 Ocean StReet                                    2                 1                1   CENTENNIal Park 1/68 cOOk ROaD                                       1               1
     Ocean and Park Views                               $535,000                                       Little Gem                                                   $320,000
     Elevated and just minutes to Bondi Beach, this second floor two bedroom apartment                 This well maintained one bedroom apartment is only moments from Oxford Street,
     boasts all the necessary inclusions for your first home!                                          Fox studios, shops, cafes and transport. Perfect opportunity for 1st home buyers or
     • East facing living/dining area                    • Original bathroom, internal laundry         astute investors.
       with park & ocean views                           • Security building, lift and car space       • Large Bedroom with built-ins                     • Modern kitchen with breakfast bar
     • Renovated kitchen                                 • Close to beach, cafe’s and transport        • Open plan lounge and dining area                 • Timber floors throughout
     • Two bedrooms (both with built-ins)                                                              • Low $$$ range

     INSPECT: By appointment                                                                           INSPECT: By appointment

                                                                                                         FORTHCOMING AUCTIONS
                                                                                                                                                      2               1.5           1
                                                                                                                                               BONDI BEaCh 4/67 ROScOe StReet
                                                                                                                                               Stunning Top Floor Apt in the “Block”
                                                                                                                                               InSPect: As advertised or by appointment
                                                                                                                                               aUctIOn: Date to be announced
                                                                                                                                               VenUe: On Site
     POTTS POINT 40/204 VIctORIa St      2           1                                             2                                           aUctIOneeR: Julie Feller
     Panorama                       Offers over $650,000
     Occupying the South East corner position of the ‘Panorama’ this exclusive penthouse apt
     offers an exceptional opportunity to leave as is or redesign & capitalise on your investment.                                                    1                1            1
     • 2 double bedrooms                            • 2 security carspaces, lift access, chic lobby
     • Full bathroom, separate WC                   • Internal laundry, built-ins                                                              BONDI 8/1a caStleFIelD StReet
     • Spacious living flowing to balcony with district and city views                                                                         Renovated One Bedroom
     • Restaurants, cafe’s and transport at your doorstep
                                                                                                                                               InSPect: As advertised or by appointment
     INSPECT: Saturday & Thursday 11:00 – 11:45am                                                                                              aUctIOn: Date to be announced
                                                                                                                                               VenUe: On Site
                                                                                                                                               aUctIOneeR: Julie Feller

                      O lD                                              O lD                           To view any of our current listings
                 S                                                  S                                    for both sales and/or leasing,
              BEllEVUE hIll
             81a DRUmalByn RD
                                                          11/81 neW SOUtH HeaD RD
                                                                                                         go to

                                                                                                                          Shop 1, 494 Old South Head Road, Rose Bay

                                                                                                                                                    9388 3133

Shared By:
suchenfz suchenfz
About Thosedocs come from internet,if you have the copyrights of one of them,tell me by mail,and i will delete it on the first time Thank you!