Recent fire damage in a Newcastle rental property.
It may, or may not, come as a surprise to learn that landlord’s insurance is not compulsory in NSW. By choosing to not pay for landlord insurance you may think that you are saving money, but it’s a false economy. Here at Walkom Real Estate, our decades of experience … Read the full post »
The Hunter region has had a 66% increase in land values since July 2021 – the largest increase of any region in NSW. The second largest increase was felt by the Murray region with 52.8%. The increase in land values has a significant impact on land tax, payable by property investors, but it also affects … Read the full post »
As we head toward the end of the financial year, thoughts turn toward our taxes. Over the past couple of years, there have been changes to the rules around property investment and rentals due to government regulations during the COVID pandemic.
Currently, there are several major infrastructure projects scheduled to take place across Newcastle, all of which will improve the liveability of the city and the region, drive jobs, boost the economy and increase property values.
First home buyers should consider their property as both a place to live and a cornerstone financial asset. Your first property is likely to fund your second, so you need it to achieve good capital growth.
Therefore, we recommend buying the best property you can, within the category you can afford; and holding it for the long term to ensure excellent re-sale … Read the full post »