The problem is…I am fresh out of College and am a fast learner….so it would really only take me 8 weeks at most to finish them.

Only in Byron Bay

I loved this story of a property in the Byron Hinterland being sold in the $mil and a half region. It seems the potential new owners discussed the purchase with their psychic Geomancer – this is like a Feng Shui expert. They were told that the vendors were not yet ready to leave this property and that they should wait for a more auspicious time. When told this news, the vendors did what any sensible Byron property owner would do – called in their personal shaman for a full psychic cleanse and sage smudging. Negotiations are now proceeding smoothly.

Lo Doc Loans and Tax

For some time now the ATO have been rattling their swords over Lo doc loans. It seems – Shock! Horror! – some people have been exaggerating their declared income when going for a loan while minimizing it when filing with the tax Department. It is understandable, I suppose, that the ATO would wish to tax the Great Australian Tax Payer at the higher figure if given the chance and this, apparently, is what they intend to do.

A recent story from Crikey.com states the commissioner of the ATO Michael D’Ascenzo is saying he knows that people are fibbing on their Lo Doc Loan declarations and declares that if any are caught during an audit then the higher figure will be what is the taxable amount. Of course brokers have been made out to be the baddies in this situation as well but the real story here is this is just another indication of the coming tightening of monetary policy. If Paul Keating was still around he would say this is the “credit squeeze we have to have!”

Put out the “Fire Sales”

In a similar vein, our local member Don Page is behind a move to stop Mortgagee-in-Possession auctions going on as “Fire Sales”. The banks and agents are only interested in getting back the mortgage debt when someone defaults on their loan with no interest in helping the vendor retain as much equity as possible. If the new law is accepted it means that if a house is sold under value, the Mortgagee can be held accountable for the balance and all effort must be made to properly promote and list the property (not just ring up a mate and do a deal!)

Buyer’s Market

Domain.com pointed out that last weekend there were twice as many properties going to auction in Sydney than normal – about 1300 – nearly double the previous average of 590. However clearance rates have sunk to 63%, which is the lowest since August 2005. That is a statistic verifying my intuition that we have quickly turned from what was expected to be a boomer season for agents into a bit of a bear market. The future – no one will predict but I feel the sentiment is equal between those saying we will have a soft 6 – 12 months to the doom and gloomers saying we are in for an extended rough patch.

Resources:

www.byronpropertysearch.com.au

www.realestate.com.au

I loved this story of a property in the Byron Hinterland being sold in the $mil and a half region. It seems the potential new owners discussed the purchase with their psychic Geomancer – this is like a Feng Shui expert. They were told that the vendors were not yet ready to leave this property and that they should wait for a more auspicious time. When told this news, the vendors did what any sensible Byron property owner would do – called in their personal shaman for a full psychic cleanse and sage smudging. Negotiations are now proceeding smoothly.

Lo Doc Loans and Tax

For some time now the ATO have been rattling their swords over Lo doc loans. It seems – Shock! Horror! – some people have been exaggerating their declared income when going for a loan while minimizing it when filing with the tax Department. It is understandable, I suppose, that the ATO would wish to tax the Great Australian Tax Payer at the higher figure if given the chance and this, apparently, is what they intend to do.

A recent story from Crikey.com states the commissioner of the ATO Michael D’Ascenzo is saying he knows that people are fibbing on their Lo Doc Loan declarations and declares that if any are caught during an audit then the higher figure will be what is the taxable amount. Of course brokers have been made out to be the baddies in this situation as well but the real story here is this is just another indication of the coming tightening of monetary policy. If Paul Keating was still around he would say this is the “credit squeeze we have to have!”

Put out the “Fire Sales”

In a similar vein, our local member Don Page is behind a move to stop Mortgagee-in-Possession auctions going on as “Fire Sales”. The banks and agents are only interested in getting back the mortgage debt when someone defaults on their loan with no interest in helping the vendor retain as much equity as possible. If the new law is accepted it means that if a house is sold under value, the Mortgagee can be held accountable for the balance and all effort must be made to properly promote and list the property (not just ring up a mate and do a deal!)

Buyer’s Market

Domain.com pointed out that last weekend there were twice as many properties going to auction in Sydney than normal – about 1300 – nearly double the previous average of 590. However clearance rates have sunk to 63%, which is the lowest since August 2005. That is a statistic verifying my intuition that we have quickly turned from what was expected to be a boomer season for agents into a bit of a bear market. The future – no one will predict but I feel the sentiment is equal between those saying we will have a soft 6 – 12 months to the doom and gloomers saying we are in for an extended rough patch.

Resources:

www.byronpropertysearch.com.au

www.realestate.com.au

FT Lauderdale is full of fantastic people who loves fun and joy. It has become attractive to outsiders also because the cash which they invest on properties is really affordable and they sense that it is worth more than what they had given and it had made their dream come true.

It is a place famous for tourist. The place is full of hotels, motels, resorts, villas, and condominiums everywhere. There are so many attractive sites that anyone could easily submerged in the beauty of FT Lauderdale. The place is not only famous for site seeing and relaxing but also for fishing sport. The fishing sport will really give you a sense of excitement and it is really adventurous too.

There are quality of homes available for an affordable price. And people definitely afford to buy a property in FT Lauderdale because the place is attributed to crisscrossing canals and waterways that many find romantic. Infact, the beauty of Fort Lauderdale has tempted many homebuyers to acquire residential properties in the city, who are eager for the homes with architectural designs which suits perfectly with their taste.

The place is also for the spring break for many college students.Amazing hotels, bars, clubs and other entertainment has made Fort Lauderdale a place for enjoyment.. Fort Lauderdale has really made a name for itself for great climate with waterfront condos and real estate which your heart desires.

There are plenty of Fort Lauderdale properties around the city for sales. You can find high-rise condos homes, with waterfront. A property in Fort Lauderdale is not only for home buyers, but also for property investors.The Florida investment is now focussing on Fort Lauderdale condo market, family houses and the high priced houses with waterfront. Wealthy home buyers including business man, foreign investors, doctors, lawyers etc. have their eyes set on Fort Lauderdale Properties. So why not you? Just buy a property in FT Lauderdale which is really a wise decision.