Monthly Archives

December 2016

Dec 20
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Turn $15,000 into a staggering $10 million through property investment

By | best investment, Investment, Properties, Property Research, Property Solutions, Real Estate | No Comments

$15,000 into a staggering $10 million through property investment 

  • Scott and Mina O’Neill, aged 28 and 29, own 25 properties worth more than $10 million across the country
  • The married couple purchased their first home together in 2010 in Sutherland, south of Sydney
  • They  have built their property portfolio by rentvesting, renting their own home and investing in others

A young couple in Sydney’s south have turned $15,000 into a staggering $10 million through property investment.

 

It’s a great Christmas story and one any young couple should be thinking of repeating starting in 2017!

(Please contact us at info@limepropertysolutions.com.au for further information or the chance to discuss this and other issues in the comfort of your own home.)

Scott and Mina’s story can be found here http://dailym.ai/2gNPBDS

 

It’s a story many other young couples could share and one many have shared, turning a relatively small savings account into a multi-million dollar portfolio. Their story is almost a perfect duplicate of the information to be found in the Lime property Solutions free eBook which you can download free from here: www.limepropertysolutions.com.au

 

To turn $15,000 into a staggering $10 million through property investment, the O’Neill’s have used the strategies Lime teaches and recommends, particularly with understanding markets and market timing. They have, in a relatively short period of time, built a portfolio of 25 investment properties while they continued to rent their own home. Lime Property Solutions can explain a few things to clients which would make their portfolio even less risky and almost certainly better performing than what the O’Neill’s advocate. For example, a better understanding of yield and return can make a portfolio much better performing over a relatively short time-span.

If you want to know more about how you can build a multi-million dollar portfolio through property investment, write to: info@limepropertysolutions.com.au.

This couple manage to make their millions through rentvesting.

Rentvesting refers to purchasing an investment property but continue renting. You could turn $15,000 into a staggering $10 million through property investment! 

Dec 15
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Will we see Apartment prices drop in Sydney and Melbourne?

By | best investment, Building, chinese investment, foreign investment, Uncategorized | No Comments

The Sydney and Melbourne unit markets in particular have been buoyed by Chinese investors, but six months on from a bank clampdown on foreign lending, will we see apartment prices drop in Sydney and Melbourne?

The word has been that apartment prices in Sydney and Melbourne may drop because of over-supply but the real danger may be the thousands of Chinese property investors who bought apartments in Australia are now scrambling to save their investments. Already, a number of apartments bought off-the-plan by Chinese investors have failed to settle due to the buyers being unable to secure finance for settlement.

(Please contact us at info@limepropertysolutions.com.au for further information or the chance to discuss this and other issues in the comfort of your own home.

In these cases, the developer is entitles to keep the 10% deposit paid at exchange of contract and on-sell the apartment. In many cases it makes sense to reduce the price of the apartment for a quick sale. With possibly hundreds of new apartments being on-sold ‘below original cost’, this would soon affect the whole city-wide apartment market. Read more: http://www.abc.net.au/news/2016-11-28/chinese-property-investors-worried-after-big-banks-change-rules/8062530  Related Story: Tough new loan laws see Chinese investors opting for private lenders

In mid-year year, the major lenders stopped lending to offshore investors in a bid to reduce  risk. Lenders were worried by some applications with fraudulent proof of income, and wanted to rein in lending to avoid being too reliant on Chinese borrowers. These changes are now having a major impact on the property market, particularly in the foreign investor’s favourite locations in Sydney and Melbourne property investment hotspots. For the estimated 50,000 Chinese buyers involved there has been crushing disappointment. It is estimated that up to 30,000 investors are affected.

As well as our Australian lenders, China’s banks have cracked down on money heading abroad, so investors have been left trying to borrow from other Asian banks. With up to 30,000 units unable to settle, it is difficult to see why this will not affect the major city apartment markets. We are more than likely see Apartment prices drop in Sydney and Melbourne over the next couple of years.

If you want to know more about safe growth investment over the next few years contact: info@limepropertysolutions.com.au.

Dec 05
0

Stamp Duty Must be Reduced

By | best investment, Economy, Financial, Investment, Negative Gearing, News, Property Solutions, stamp duty | No Comments

Stamp duty must be reduced

NSW Planning Minister Rob Stokes has recently broken ranks with his Liberal colleagues and suggested that the federal government should make changes to negative gearing. It’s all part of the Sydney ‘affordability’ debate but it is a reduction in stamp duty which is a much better way to improve affordability. Most studies into negative fearing show that its removal is unlikely to drop property prices by any more than half of one percent, yes just 0.5%.

(Please contact us at info@limepropertysolutions.com.au for further information or the chance to discuss this and other issues in the comfort of your own home.

On a very low-priced Sydney home at $550,000, the stamp duty payable to the State Government is over $20,000. Ion the same property, it would likely reduce in value by just $2,750 if negative gearing incentives were removed.

Mr Stokes argued that adding new supply to the market would not make property affordable on its own and suggested changing tax benefits for investors should be changed. In our view, it’s a pity Mr Stokes could not do the arithmetic in the last paragraph and then realise that he and his party can actually do something now to assist affordability rather than doing the political usual of putting it in the ‘too hard’ basket then passing the problem off to someone else. Read more : http://www.domain.com.au/news/stamp-duty-adding-years-to-the-depositsaving-plans-of-sydneys-home-buyers-20161202-gt2jjz/

Property Council of Australia chief of policy and housing Glenn Byres says the $40,000 an average home buyer in Sydney pays on top of their purchase price in stamp duty is a concern. In just four short years, the NSW Government’s stamp duty revenue has doubled from $4 billion to $8 billion. Stamp duty must be reduced if we are to help first home buyers.

If you want to know more about how you can save on stamp duty buying a new property investment contact: info@limepropertysolutions.com.au

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