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  • First National Real Estate Australia - First National Real Estate Media Releases
    more economic sense for those doing it tough where the monthly mortgage is not too far off what they are currently paying for rent but a closer look may reveal that incidental costs and a small change in circumstances could lead to an untenable situation According to Mr Bunn the advantages of each housing option should be weighed against the drawbacks to find the one that best suits their specific needs and situation Renting offers great flexibility with the option to relocate from home to home and area to area as the need arises which is not the case with buying a property Mr Bunn said If finances get tight or the home situation changes for any reason it is far harder to just pick up and go if you own your own home Renting is also often a cheaper alternative to buying especially in the inner city areas particularly favoured by Gen Y ers who want that urban lifestyle close to where they work While vacancy rates continue to be under pressure the fact remains that renting may still be more affordable with monthly rental payments usually less than a mortgage repayment for a comparable property and without the other incidental costs which can be incurred as a homeowner One of the greatest financial and stress free advantages of renting is that property maintenance costs repairs rates and insurance bills are the responsibility of the landlord not the renter Mr Bunn said Despite these many advantages of renting a property there are some disadvantages which will make buying preferable particularly in light of escalating monthly rentals The most obvious one being when renting it is not possible to put your personal stamp on a property to suit your individual style and design preferences There is also the inconvenience and in some cases pressure of knowing your landlord has the right to inspect their property whenever they wish with sufficient notice potentially disturbing the renter s privacy Mr Bunn said But the biggest disadvantage of renting is that the property can never be paid off by the tenant making the money lost for good without any chance of recovering when the property is sold Ultimately this is the biggest difference and that is where advice should be sought to determine the short and long term impact on personal net wealth and cash flow over a lifetime between renting and buying Usually the decision will be to purchase a home but it will come down to making sure people buy well and buy right at the best time for their own individual circumstances Mr Bunn said This is where we at First National can really help We offer advice and assistance with the necessary knowledge experience and skills to understand the market its trends and its weaknesses and opportunities Mr Bunn said Despite some government assistance packages for both renters and buyers being abolished or having become obsolete such as the First Home Owners Grant Boost and the National Affordability Rental

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=93439&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    were bucking the trend and realigning expectations in those locations We ve had examples where offices have started it and it s become the norm he said They just had the courage to do it to start with Stephen Nell Ray White NSW CEO agreed Can you get people to pay for ads in different markets I don t see why you wouldn t he said That s a skill issue And obviously it s on everyone s agenda to be better at it The roundtable is a unique concept for the real estate industry offering a neutral ground for discussing issues shaping the profession Shaun Bassett head of the residential real estate segment at Macquarie Relationship Banking said the Real Estate Business Executive Roundtable is an essential platform for driving thought leadership in the industry The roundtable drilled into the challenges faced by the industry and revealed insights into a variety of strategies that are driving each of the participants on their own unique path to continued success he said It touched on the outlook for the industry in the coming years being shaped by technology regulatory reform and new talent coming through the ranks The event brought together Peter Baldwin chief auctioneer and director at Richardson Wrench Ray Ellis CEO at First National Real Estate Douglas Driscoll CEO at Starr Partners Stephen Nell Ray White NSW CEO Sadhana Smiles Harcourts NSW CEO Mike McCarthy director and CEO at Barry Plant Chris Mourd business development manager at LJ Hooker and Shaun Bassett head of the residential real estate segment at Macquarie Relationship Banking Other topics that were discussed included The greatest challenges to an agency s profit and revenue in 2012 Best sources for profit and or revenue growth Attracting and retaining new recruits Training and education programs that

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=93321&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    5 Green Stars rating for design 5 5 stars for Nabers energy efficiency and is the leading green office space in the Northern Territory A raft of Federal Government departments as well as listed companies currently calls the building home First National Commercial O Donoghues says that Jacana House was not for sale but due to strong investment demand the agency approached the owner with a solid offer Our residential and commercial business maintains close contact with buyers nationally and we re not short of investors who are very interested in Darwin opportunities says First National Commercial O Donoghues principal Jeremy O Donoghue A transport logistics investor formerly from Darwin seized the opportunity to secure the A grade and environmentally friendly office building through First National Commercial O Donoghues because no other suitable commercial properties were listed for sale Jacana House is the only commercial high rise in Darwin with such a strong energy efficiency rating and it will soon have the As Built Green Star rating as well says Mr O Donoghue It is an extremely energy efficient building An enormous amount of thought and effort has gone into the design and construction which incorporates the requirements of the Green Building Council of Australia The buyer was seeking a solid long term investment with blue chip tenants so we were very comfortable recommending Jacana House as a potential target The Darwin property market is expected to provide exceptional returns for investors for the next few years and commercial property investment may well be leading the pack Major new projects are coming on line in early 2012 Consumer confidence has hit a 12 month high and is expected to strengthen further as a result of the recent drop in interest rates the US Presidential visit and the range of projects

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=93320&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    of assistance flailing in their efforts to make ends meet Mr Bunn said It could soon be the case that with falling house prices lower interest rates and reduced consumer confidence purchasing a home will make more economic sense for those doing it tough where the monthly mortgage is not too far off what they are paying for rent According to Mr Bunn evidence of improving housing affordability can be garnered through recent home value index results Home values recently posted the best results in seven months and the recent cuts to interest rates along with talk there may be even further drops is resulting in NRAS losing some of its validity as an assistance package especially for those who are finding it difficult to come up with the rent each week or month Mr Bunn said What the government needs to do is look at changing NRAS so it has more relevance and achieves what it set out to do or consider other forms of assistance such as bringing back some of the grants and other incentives that were obviously phased out too soon Mr Bunn said although it is good news for the property market that home buyer activity is increasing as a result of the market conditions it is not good when it is done at the expense of those renters who can least afford it It is always encouraging to hear that more people are realising their dreams of home ownership but there also exists the reality that there are those in our community who are forced into rental accommodation and can ill afford to fall behind in any way at all in keeping pace with rental increases Mr Bunn said In these situations they need access to assistance schemes that meet their circumstances and offer

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=92778&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    before tax and maintenance costs so its not surprising that a recent survey shows 59 per cent of home buyers and investors plan to purchase an investment property in the next year That s probably because Australian property performed exceptionally well throughout the GFC and still shows great resilience in the face of share market gyrations But for investors to maximise the financial benefits of their property they need to look at their investment as more than just collecting rent or striking a deal on management fees According to Mr Bunn the crucial component for a successful rental property yield is to appoint a trusted and reliable property manager A good property manager is one that provides expert advice on the opportunities available for them to take advantage of to improve the yield of their property investment portfolios Mr Bunn said At First National we have an in depth knowledge of the local market and can assist with the two most important criteria when choosing an investment property location and quality Mr Bunn said properties located close to transport schools place of work shops and recreational facilities are in greater demand and usually command a higher rental However investors should not be afraid to look beyond inner city properties as lower priced outer suburbs can produce higher yields and frequently enjoy strong demand from prospective tenants It is also wise to maintain your asset in good repair and ensure it is well presented That way rent is maximised vacancy periods reduced and a high standard of tenant is attracted who will ensure their rent is paid on time Sometimes simple improvements like a fresh coat of paint in bathrooms and kitchens or installing new window coverings can make the world of difference As an experienced property manager supported by rigorous

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=92448&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    National Real Estate We support mandatory disclosure of a home s energy rating which is where this nation and the rest of the world is heading Mr Bunn said But we need to make sure the proper policy and regulations are in place and that the appropriate people play the right roles According to Mr Bunn the crucial component to success is a national and consistent approach Each state already has a ratings scheme in place but there are no national standards and regulations Mr Bunn said A number of studies conducted by both industry and academia have found ratings and results to be inconsistent This can be due to software flaws or subjective interpretation of results and can be compounded by a lack of correlation between the actual energy performance of houses and their star ratings Mr Bunn said the real solution to the mandatory disclosure issue lay with government and industry working together Government needs to get the scheme right and put in place the appropriate financial support resources and implementation Mr Bunn said That means getting the regulations and policies passed educating the general public on the benefits of energy efficiency ratings and funding ongoing research and development It then falls to real estate agents to promote the ratings through the marketing of the properties they have on their books to buyers and lessors The real question then says Mr Bunn is how assessors are selected trained and accredited It is important that they are independent of the real estate profession so no potential conflict of interest is perceived by consumers This is the tricky part of the equation Mr Bunn said The First National Real Estate network is committed to environmentally efficient principles and prides itself on its green initiatives it fully supports a national mandatory

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=91720&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    Estate Real Estate Video Transcripts finance Get the Right Loan More About Tax Depreciation about us History How We Put You First Quality Assurance Real Estate First National Foundation Join First National Jobs Careers in Real Estate Energy Efficiency Real Estate on Facebook First National Competitions Competition Winners Contact Us First National Real Estate Media Releases ATO yet to alter SMSF rules for renovations The Australian Taxation Office ATO has yet to alter its intepretation of rules around using self managed superannuation funds SMSFs to renovate property despite recent reports that may suggest otherwise A recent First National Real Estate media release suggested that funds from within a SMSF could now be used to renovate properties Instead First National Real Estate can confirm that the ATO has issued a draft ruling and at this stage it s just accepting comments on how it proposes to change its interpretation of the relevant SMSF rules The draft ruling can be obtained from the ATO website and comments are being accepted until October 28 A copy of the draft ruling can be obtained using the short link included below First National Real Estate property managers continue to prepare for the anticipated increase in interest in property from SMSF investors Draft ruling http bit ly nAJP3E Issued by First National Real Estate For further information contact Stewart Bunn National Communications Manager First National Real Estate on 1800 032 332 17 October 2011 You are here National Real Estate News Also in this section Local Real Estate News more Let s Talk Real Estate more Real Estate Video Transcripts more Twitter Auction Action more RSS Feed Get the latest news Click here for a direct feed of our latest news and updates more Twitter RealEstateCast more Facebook Latest Listed Properties unit in auburn house in

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=91657&menuItemID=90397 (2013-02-03)
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  • First National Real Estate Australia - First National Real Estate Media Releases
    Conference Network Share Evolve The professional development forum was chiefly focused on issues affecting the efficient management of millions of dollars of property investments nationally Because of changes to Australian tax law investors can now borrow for the purposes of property investment and this has resulted in an exponential increase in the amount of property acquired by Self Managed Superannuation Funds SMSFs As a result property managers must be prepared says First National Real Estate s Property and Marketing Manager Amanda Kohler A recent tax ruling now allows trustees to use money in their fund to renovate property as well That means property managers need to be equipped to guide landlords who own investments as part of their SMSF toward appropriate cost effective renovations using licensed tradespeople First National Real Estate has taken steps to assure that its property managers are aware of qualified specialists in the industry and can point customers towards a range of providers According to First National most property investors spend too little time assessing the skills of their property manager and need to look beyond fees when choosing who will manage their investment portfolio Property Managers frequently manage real estate portfolios exceeding the value of most financial advisors yet rarely receive such recognition says Ms Kohler The commitment required to effectively maintain properties quality client relations legislative compliance and excellence in customer service is sometimes extra ordinary or even super human Yet when choosing a property manager the network indicates that the majority of landlords and investors look only at management fees thinking that property management represents little more than the collection of rent Investors need to consider the systems and experience behind the agency that they are entrusting the management of their properties to says Ms Kohler Professionally qualified and trained property managers bring so much more to the equation than rent collection You only need to experience one problem with a tenant to begin to understand the importance of a comprehensive appreciation of the laws governing tenancy Paying a slightly higher fee for a more professional manager makes a huge difference even without a problem tenancy And a good property manager does so much more than protect you from undue anxiety They offer valuable advice about how to improve rental yields guidance on when and where to invest and can even point investors towards the right place for advice about tax effective property investment for Self Managed Superannuation Funds says Ms Kohler Property investment remains one of the most secure forms of long term wealth creation and with current share market volatility as well as concerns about the economies of Europe and the United States First National anticipates increasing interest in property investment from Australian investors in the next twelve months A climate of stable interest rates and the prospect of perhaps even a reduction in rates in the near future makes bricks and mortar exceptionally attractive says Ms Kohler First National Real Estate has over 450 offices throughout Australia and New Zealand

    Original URL path: http://www.firstnational.com.au/?pageCall=misc&pageMode=realestatenews_article&contentID=91579&menuItemID=90397 (2013-02-03)
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