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E-news Issue 9 - 2009

The Value in Your Property

Most home owners understand the general forces that collectively generate the value of their property. But in these difficult financial times it pays to be well versed in the process that leads to a valuation, and what you can do to improve the resulting dollar figure.

Valuers have a complicated task that involves a combination of rational facts combined with the age old art of perceived value which plays
a part even if it is lower on the rationality scale. Valuations are
a professional opinion based on the current situation, which includes the home, land, surroundings, neighbours, and potential of the home including rental or development.

Special Use & Exclusive Use By-Laws

An Owner’s Corporation has the power to grant special or exclusive use over common property.

A special use by-law allows an owner to use or alter common property for example enclosing a balcony or erecting a pergola.

An exclusive use by-law gives an owner exclusive use over a specific part of common property for example enclosing a garden area or placing tables and chairs in a retail strata situation.

6 Ways to Iliminate Debt FAST- by Mortgage Options

Debt is a necessary component of property investing. The trick is to identify which debts are good, and which are bad, and how to deal
with both.

1. Consolidate your debt: If you have multiple debts across credit cards and personal loans which charge high interest rates, it is worth considering consolidating the debt under your mortgage giving you
a lower interest rate. For Example: a $10,000 debt would cost around $1800 per annum in interest, but the same debt on a home loan would cost around $500, leaving $1300 for further debt reduction.