How Buying a New Home is Safer & Better for Tax

While an established property in an established suburb is never a bad investment — older suburbs tend to be in higher demand and property values appreciate faster — there are more than a few reasons why the right new home could be a better investment.

Governments often consider Stamp Duty Concessions and Super Contributions to encourage not only First Home Buyers but also the building industry.

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Improve Your Property’s Value

Renovate, update or develop

There’s an old saying about buying the worst property in the best street, and that’s doubly true for property investors. Not because you want to rent out an old slum to tenants, but because with just a few low cost modifications, you can not only increase the rental you’ll get for it, but also improve your property’s value so you can start investing again.

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Properties Suspected to Contain Loose-Fill Asbestos Insulation a “Material Fact”

If you know, then you need to act

A 2015 amendment to the legislation governing the sale and leasing of residential property has made any property that’s tested positive for, or even suspected to contain, loose-fill asbestos insulation (LFAI) a “material fact” that real estate agents must disclose to potential buyers and tenants [How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value].

Continue reading “Properties Suspected to Contain Loose-Fill Asbestos Insulation a “Material Fact””

Secret Glendale (Newcastle) House Demolished by NSW Government without a Trace

NSW Government has a Private Public Register

The NSW Government will demolish a house in the Lake Macquarie area of Glendale, after it was found to contain loose-fill asbestos insulation (LFAI), an especially noxious form of asbestos that requires the premises to be demolished and the land remediated to eradicate the hazard. Continue reading “Secret Glendale (Newcastle) House Demolished by NSW Government without a Trace”

How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value

In July 2018, the Department of Fair Trading will launch a loose-fill asbestos insulation (LFAI) awareness campaign in Newcastle, as part of the department’s Loose-Fill Asbestos Insulation Taskforce.

If LFAI is discovered they’ll buy the property at market valuation and demolish it, but if you don’t register before 31st July who knows what will happen. Continue reading “How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value”

Loose-Fill Asbestos Insulation, Mr Fluffy, Claims Glendale Home

Newcastle Asbestos Man Shares Critical Info

Loose-fill asbestos insulation (LFAI) is raw, crushed asbestos that was installed as ceiling insulation during the 1960s and 70s by a number of Canberra-based companies collectively known as Mr Fluffy. About 1,000 homes in the Australian Capital Territory and New South Wales are believed to be affected, with the majority concentrated in the ACT area.

Tristan Goninan Asbestos Identification,Testing, Removal, DisposalHowever, the companies are also believed to have sold sacks of asbestos fibre insulation to homeowners directly for DIY insulation installations.

I was recently spoke with Tristan from ABS Asbestos Removal & Disposal at a Real Estate CPD training event in Newcastle where we learnt about the danger to people’s health as well as the value of your property that can be caused by Loose Fill Asbestos Insulation. Continue reading “Loose-Fill Asbestos Insulation, Mr Fluffy, Claims Glendale Home”