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	<title>Paul Castran</title>
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	<link>http://www.paul-castran.com.au</link>
	<description>Paul Castrans views on the Australian real estate market</description>
	<pubDate>Mon, 22 Nov 2010 00:47:13 +0000</pubDate>
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		<title>Reverse mortgage industry set for shake up</title>
		<link>http://www.paul-castran.com.au/2010/11/reverse-mortgage-industry-set-for-shake-up/</link>
		<comments>http://www.paul-castran.com.au/2010/11/reverse-mortgage-industry-set-for-shake-up/#comments</comments>
		<pubDate>Mon, 22 Nov 2010 00:47:13 +0000</pubDate>
		<dc:creator>PaulCastran</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=92</guid>
		<description><![CDATA[The reverse mortgage industry, worth of $3 billion, is set for a major overhaul with new laws and tougher disclosure rules expected in the new year.
A reverse mortgage is money lent against the value of the property and  no repayments are made as the interest is added to the total debt. The  lender [...]]]></description>
			<content:encoded><![CDATA[<p>The reverse mortgage industry, worth of $3 billion, is set for a major overhaul with new laws and tougher disclosure rules expected in the new year.</p>
<p>A reverse mortgage is money lent against the value of the property and  no repayments are made as the interest is added to the total debt. The  lender receives its money and interest back when the property is sold. Given the nature of these loans, lenders generally don&#8217;t offer these loans to customers under the of 60.</p>
<p>The shake up here is that the  Australian Federal Government plans to ban contracts which allow negative equity  to build up on a reverse mortgage, and will also beef up information  disclosure requirements to ensure people fully understand what they are  getting into.</p>
<p>It appears that these tough new regulations may increase the rate at which lending institutions are already existing this type of loan. Earlier this year, several major reverse mortgage lenders have withdrawn this offering, and the bank regulator has also warned lenders about the risks involved.</p>
<div>
<div style="overflow: hidden; color: #000000; background-color: transparent; text-align: left; text-decoration: none; border: medium none;">The  Australian Prudential Regulation Authority informed financial  institutions they must ensure they hold greater levels of capital,  compared with traditional mortgages, to cover any potential defaults.<span><br />
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<div style="overflow: hidden; color: #000000; background-color: transparent; text-align: left; text-decoration: none; border: medium none;">The  requirements make these loans less profitable. From almost a standing  start five years ago, the growth of reverse mortgages has been up to 77  per cent a year but has recently slowed to just 9 per cent. However,  they remain popular with people who want to access the money without  selling their homes.</div>
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		<title>Bridging finance denied for many buyers</title>
		<link>http://www.paul-castran.com.au/2010/09/bridging-finance-denied-for-many-buyers/</link>
		<comments>http://www.paul-castran.com.au/2010/09/bridging-finance-denied-for-many-buyers/#comments</comments>
		<pubDate>Wed, 15 Sep 2010 04:39:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Paul Castran Real Estate]]></category>

		<category><![CDATA[mark forytarz]]></category>

		<category><![CDATA[paul castran]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=89</guid>
		<description><![CDATA[Banks have begun denying funds to homeowners that are looking at upgrade and move to a bigger home. The Daily Telegraph has reported that banks are denying homeowners from bridging finance, the process where a bank offers intermediate loan that finances the purchase of a new property while the existing property is sold.
In the past, [...]]]></description>
			<content:encoded><![CDATA[<p>Banks have begun denying funds to homeowners that are looking at upgrade and move to a bigger home. The Daily Telegraph has reported that banks are denying homeowners from bridging finance, the process where a bank offers intermediate loan that finances the purchase of a new property while the existing property is sold.<br />
In the past, a common strategy for people looking to relocate, was that they would take out a bridging loan to buy their new property, while their existing property was up for sale. Banks are now claiming that bridging finance can produce bad debt, while some other lenders don&#8217;t even offer the product.</p>
<p>This position by banks may be contributing to the decrease in the property market, by delaying purchases, and forcing home owners to sell their homes before buying a new one.</p>
<p>This new stance may have come about for a number of reasons, some possible reasons are the relatively static property market, and that the banks are essentially issuing a second mortgage on the first property and they have no security to attach the mortgage to.</p>
<p>Mortgage Choice broker John Manciameli said the banks&#8217; aversion to bridging finance may be due to the fact Sydney homes are taking a lot longer to sell, elevating the lenders&#8217; risk profile into alarm-bell territory.</p>
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		<item>
		<title>New home sales drop to 3 month low</title>
		<link>http://www.paul-castran.com.au/2010/07/new-home-sales-drop-to-3-month-low/</link>
		<comments>http://www.paul-castran.com.au/2010/07/new-home-sales-drop-to-3-month-low/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 13:19:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Mark Forytarz Real Estate]]></category>

		<category><![CDATA[Paul Castran Real Estate]]></category>

		<category><![CDATA[mark forytarz]]></category>

		<category><![CDATA[paul castran]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=84</guid>
		<description><![CDATA[New homes sales fell a seasonally adjusted 6.4 per cent to 8,024 units in Maym following a 6.2 per cent rise the month before, the Housing Industry Association (HIA) said this week. This is a 3 month low that appears to have been caused by rising interest rates.
“This is the lowest number of new home [...]]]></description>
			<content:encoded><![CDATA[<p>New homes sales fell a seasonally adjusted 6.4 per cent to 8,024 units in Maym following a 6.2 per cent rise the month before, the Housing Industry Association (HIA) said this week. This is a 3 month low that appears to have been caused by rising interest rates.</p>
<p class="MsoNormal"><span style="color: #000000;"><span class="apple-style-span">“This is the lowest number of new home sales since February 2010; with p</span>rivate house sales fell 5.9 per cent in the month while sales of multi-units slid 11.6 per cent” said  <a title="Mark Forytarz" href="http://www.mark-forytarz.com/tag/mark-forytarz/"><strong>Mark Forytarz</strong></a> and <a title="Paul Castran" href="http://www.paul-castran.com.au/tag/paul-castran/"><strong>Paul Castran</strong></a>. </span></p>
<p><span style="color: #000000;"><span class="apple-style-span">NSW has the largest sales of 13.6 per cent of detached new homes in May, while South Australia has rose up to 2.1 per cent. </span><strong></strong></span></p>
<p><span style="color: #000000;"><span class="apple-style-span">Queensland has the largest decline in sales of 12.3 per cent, whereas Western Australia was down to 10.7 per cent and Victoria fell 8.5 per cent.</span><strong></strong></span></p>
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		<title>House prices skid to a halt</title>
		<link>http://www.paul-castran.com.au/2010/06/house-prices-skid-to-a-halt/</link>
		<comments>http://www.paul-castran.com.au/2010/06/house-prices-skid-to-a-halt/#comments</comments>
		<pubDate>Mon, 14 Jun 2010 04:37:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Mark Forytarz Real Estate]]></category>

		<category><![CDATA[Paul Castran Real Estate]]></category>

		<category><![CDATA[House prices]]></category>

		<category><![CDATA[mark forytarz]]></category>

		<category><![CDATA[paul castran]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=80</guid>
		<description><![CDATA[
In April, house prices have slowed considerably with some capital cities placing marginal gains and other reporting falls. Australian has stated that RP Data-Rismark Hedonic Home Value Index, which was liberated on 31st May, 2010, reveals the nationalized standard increase for homes of 0.2 per cent, following 1.3 percent growth in March.
Generally, rates of homes, including [...]]]></description>
			<content:encoded><![CDATA[<p><!--[endif]--></p>
<p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">In April, house prices have slowed considerably with some capital cities placing marginal gains and other reporting falls. Australian has stated that RP Data-Rismark Hedonic Home Value Index, which was liberated on 31<sup>st</sup> May, 2010, reveals the nationalized standard increase for homes of 0.2 per cent, following 1.3 percent growth in March.</span></p>
<p><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Generally, rates of homes, including dwellings and units have augmented 4.6 per cent this year and are up 11.9 per cent for the year to April, at present with the medium home price of $460,000. Houses in capital cities mounted 11.6 per cent for the year to April that is more than twice the 5.6 per cent increase for accommodations outside the cities. The standard worth for the dwellings declines 1.2 per cent in Brisbane, 0.9 per cent in Perth and 0.3 per cent in Darwin during April.</span></p>
<p class="MsoNormal"><span style="font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">After been asked about the implications of market crash, Tim Lawless from PDData.com declared that they are on a cusp in considering an alteration of market situation. Chief executive of Rismark&#8217;s, Mr. Christopher Joye said that the statistics established for the country was not featuring a housing boom. He added that the medication in the value of Australian lodging will be determined by the fundamentals of demand and supply but not higher liability level. </span></p>
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		<title>Thinking to buying or selling Real Estate in Australia: Consider Paul Castran</title>
		<link>http://www.paul-castran.com.au/2009/10/consider-paul-castran-to-buying-or-selling-real-estate/</link>
		<comments>http://www.paul-castran.com.au/2009/10/consider-paul-castran-to-buying-or-selling-real-estate/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 08:31:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Paul Castran Real Estate]]></category>

		<category><![CDATA[paul castran]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=78</guid>
		<description><![CDATA[With the current global financial crisis, many people are nervous and want to get the best result when buying or selling their real estate. As such, if you’re planning on buying or selling, you need to ensure that you have an experience real estate agent. 
When selecting an agent, it’s important to remember that the [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><span>With the current global financial crisis, many people are nervous and want to get the best result when buying or selling their real estate. As such, if you’re planning on buying or selling, you need to ensure that you have an experience real estate agent. </span></p>
<p class="MsoNormal"><span>When selecting an agent, it’s important to remember that the real estate section is a big and sometimes complicated market. With this in mind, its crucial that your real estate agent has comprehensive knowledge about all of the ins and outs of that sector. With this in mind, <strong><a title="Paul Castran" href="http://www.paul-castran.com.au">Paul Castran</a></strong> should be your first call.</span></p>
<p class="MsoNormal"><strong><a title="Paul Castran" href="http://www.paul-castran.com.au/about/">Paul Castran</a></strong><span> has many years of experience in real estate. He enjoys his work and is driven by achieving the best results for his customers. <strong><a title="Paul Castran" href="http://www.paul-castran.com.au">Paul Castran</a></strong> has a long list of satisfied customers, including developers, property investors, families, and many others. <strong><a title="Paul Castran" href="http://www.paul-castran.com.au/about/">Paul Castran</a></strong> has a comprehensive understanding of real estate business provides his clients utmost satisfaction. He answers all questions from his clients and takes care of their requirements, and ensures the best solution for them.</span></p>
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		<title>Paul Castran – The name You Can Rely Upon</title>
		<link>http://www.paul-castran.com.au/2009/09/paul-castran-%e2%80%93-the-name-you-can-rely-upon/</link>
		<comments>http://www.paul-castran.com.au/2009/09/paul-castran-%e2%80%93-the-name-you-can-rely-upon/#comments</comments>
		<pubDate>Tue, 01 Sep 2009 11:04:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Paul Castran Real Estate]]></category>

		<category><![CDATA[paul castran]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=72</guid>
		<description><![CDATA[It is really surprising that despite of the present global economic meltdown, the real estate sector in Australia is booming at tremendous speed. To help people in making the right investment decision, there are several real estate service advisors available. But, to get utmost outcome on your investment, you need to take necessary advice from [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal">It is really surprising that despite of the present global economic meltdown, the real estate sector in Australia is booming at tremendous speed. To help people in making the right investment decision, there are several real estate service advisors available. But, to get utmost outcome on your investment, you need to take necessary advice from an expert who has an in-depth knowledge of this sector. <strong>Paul Castran</strong> is a name on which you can trust upon without any second thought, when it comes to Real estate!</p>
<p class="MsoNormal">In modern times, there is no doubt that real estate investment requires lots of mental, emotional, and financial involvement from both the buyer as well as seller. But, if you are going to take advice from <strong>Paul Castran</strong>, then you should feel more confident, no matter whether you are a buyer or seller. This is because <strong>Paul Castran</strong> has spent years in the real estate sector, for which he can assure you most relevant and best advice to you. In his professional career he has dealt with various aspects of real estate segments, which has made him a highly skilled real estate professional.</p>
<p class="MsoNormal">His profound knowledge on the Australian real estate sector and a good sense of property investment, distinguishes <strong>Paul Castran</strong> from the other real estate investors.</p>
<p class="MsoNormal">So, if you want to be a successful real estate investor, and wish to get the utmost return out of your investment, then without any second thought, call <strong>Paul Castran</strong> today and arrange a meeting. </p>
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		<title>Paul Castrans brother, John, survives NZ avalanche</title>
		<link>http://www.paul-castran.com.au/2009/07/paul-castrans-brother-john-survives-nz-avalanche/</link>
		<comments>http://www.paul-castran.com.au/2009/07/paul-castrans-brother-john-survives-nz-avalanche/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 00:40:22 +0000</pubDate>
		<dc:creator>PaulCastran</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<category><![CDATA[avalanche]]></category>

		<category><![CDATA[heliski]]></category>

		<category><![CDATA[john castran]]></category>

		<category><![CDATA[paul castran]]></category>

		<category><![CDATA[skiing]]></category>

		<category><![CDATA[snow]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=68</guid>
		<description><![CDATA[Many of you would have read the story of how my brother, John, survived an  avalanche in NZ. What a story, they were heliskiing in New Zealand when the side  of the mountain let go. Angus was buried up to his waist in snow, but John was  fully covered beneath about 1.8m [...]]]></description>
			<content:encoded><![CDATA[<p>Many of you would have read the story of how my brother, John, survived an  avalanche in NZ. What a story, they were heliskiing in New Zealand when the side  of the mountain let go. Angus was buried up to his waist in snow, but John was  fully covered beneath about 1.8m of snow.</p>
<p>Angus was able to free himself, and with the guide, dig John out from more  than 1m of snow. John is due back in Melbourne today to reunite with wife Sally  and elder son Lachlan, and the rest of the Castran family.</p>
<p>There has been a large amount of media coverage, here are some extracts:</p>
<p><strong>Herald Sun:<br />
</strong></p>
<p><em>Speaking from Mt Hutt yesterday, the South Yarra father of two, 53, gave a haunting account of the most terrifying day of his life. </em></p>
<p><em>Trapped beneath 1.8m of snow after two avalanches ploughed into his five-man skiing group in the Ragged Ranges on Friday, Mr Castran described the 15 minutes he spent, alone, in the frigid dark. </em></p>
<p><em>He had been on a heli-skiing trip with his son, Angus, 23, and another man, Lynden Riethmuller, when the world turned white then deadly black. </em></p>
<p><em>Mr Riethmuller, a NSW company director, could not be revived after he was buried by snow. </em></p>
<p><em>Mr Castran, an experienced skier, was on an annual holiday with his youngest son when he was hit by a wall of snow. </em></p>
<p><em>&#8220;There was a point where I thought &#8216;This is it. I have seen my last sunset&#8217;, &#8221; Mr Castran said. </em></p>
<p><em>&#8220;Then this second wave came five to 10 seconds later and there was this rustling noise, then terror really set in.&#8221; </em></p>
<p><em>Mr Castran knew a second avalanche had struck. </em></p>
<p><em>&#8220;I could feel the snow packing down, squeezing the air out of my body,&#8221; he said. </em></p>
<p><em>&#8220;I was trapped in my icy tomb.&#8221; </em></p>
<p><em>Mr Castran remembered to slow his breathing to conserve oxygen. </em></p>
<p><em>&#8220;It then became peaceful . . . I can&#8217;t remember anything until they revived me, lifted some of the snow off me around my neck and I looked up and saw these beautiful blue skies,&#8221; he said. </em></p>
<p><em>The multi-millionaire real estate agent credits with saving his life his avalanche beeper which shoots radio signals to nearby beepers and his &#8220;very strong&#8221; son. </em></p>
<p><em>Angus and one of the group&#8217;s two guides, Kevin, found the spot where Mr Castran lay buried and started digging. </em></p>
<p><em>They scooped out snow &#8220;big as a (Holden) Commodore&#8221; and began CPR on Mr Castran, who was unconscious. </em></p>
<p><em>His brush with death would change his life, Mr Castran said. </em></p>
<p><em>&#8220;I reckon I might relax a bit more, slow down, smell the roses,&#8221; he said. </em></p>
<p><em>&#8220;I have been to the other side and I can tell you this: there is nothing there. It is far better over here.&#8221; </em></p>
<p><em>Mr Castran is due back in Melbourne today to reunite with wife Sally and elder son Lachlan.</em></p>
<p><strong>Sydney Morning Herald</strong></p>
<div class="articleBody">
<p><em>AT FIRST the Melbourne multi-millionaire John Castran thought he had escaped the avalanche unscathed, unaware that metres away his Sydney skiing companion was dead.</em></p>
<p><em> Buried under more than 1.8 metres of snow on a New Zealand mountain range, Mr Castran, 53, could still move his arms and legs. But then the snow shifted and he was crushed.</em></p>
<p><em></em></p>
<p><em> Pinned beneath the overwhelming weight of what moments earlier had been featherweight powder snow, Mr Castran realised he did not have enough oxygen to yell for help.</em></p>
<p><em> The real estate agent survived the avalanche at Ragged Range, near Methven, west of Christchurch, yesterday, but a NSW businessman, 61, whose name has not been made public, was killed.</em></p>
<p><em> As Mr Castran ran out of air, he too thought he would perish under the ice. &#8220;You choke with the snow, you can&#8217;t breathe, you&#8217;re suffocating … it&#8217;s like being poured into plaster of Paris. The only thing I could move was my tongue, to push the snow away from in front of my mouth.</em></p>
<p><em> &#8220;I thought: &#8216;I&#8217;ve only got a little bit of air here, I&#8217;ve just got to use all the air very, very carefully&#8217;. So I just shut myself down totally.&#8221;</em></p>
<p><em> Mr Castran had been on a heli-skiing trip with his son Angus, 23, as well as the NSW man and two guides from the tour company Alpine Guides.</em></p>
<p><em> The snow had been perfect, the sky clear blue, and the group had completed four ski runs before their chartered helicopter dropped them at the remote Arrowsmith Ranges.</em></p>
<p><em> &#8220;It&#8217;s one of the most spectacular places you&#8217;ve ever seen, absolutely breathtaking country up in the ranges about 6000 to 8500 feet [2600 metres] above sea level,&#8221; Mr Castran said.</em></p>
<p><em> The man who was killed when the avalanche hit about 1pm had said to Mr Castran: &#8220;You don&#8217;t get much closer to heaven than this.&#8221;</em></p>
<p><em> The first guide skied ahead of the group to check for danger, then signalled for the men to follow.</em></p>
<p><em> &#8220;I was skiing down and all of a sudden the whole side of the mountain just let go,&#8221; Mr Castran said.</em></p>
<p><em> &#8220;I thought I might be able to out-ski it and ski off to the side, but the whole thing was happening so quickly and the snow went straight over the top of me.&#8221;</em></p>
<p><em> A dull rumble like thunder signalled that avalanche warnings issued for the area that day had been accurate.</em></p>
<p><em> &#8220;The first thing that comes over you is just this incredible adrenalin, and you want to scream. But if I screamed I was going to use up too much oxygen,&#8221; Mr Castran said.</em></p>
<p><em> &#8220;I thought: &#8216;I&#8217;ve just got to be smart&#8217;. And I was very lucky that I could just turn my mind off and put myself into another place.&#8221;</em></p>
<p><em> As the air drained away it became &#8220;frighteningly peaceful&#8221; under the snow. About 30 metres from where Mr Castran lay, his son had dug himself out from waist-high snow and was using a search and rescue beacon to find his father.</em></p>
<p><em> Angus said the tour group had been trained by guides to find each other using beacons they had pinned to their chests.</em></p>
<p><em> One of the guides was able to find the dead man within five minutes. He was free within &#8220;seven to eight&#8221; minutes, but efforts to revive him failed.</em></p>
<p><em> A tour guide and director of Methven Heliski, Kevin Boekholt, said: &#8220;He was around a metre down and he had his head up and he had no snow in his mouth. He was under the snow but there&#8217;s a lot of air in snow. He shouldn&#8217;t have died.&#8221;</em></p>
<p><em> It took Angus and the second guide about 15 minutes to find Mr Castran&#8217;s position. They used avalanche probes to feel for him beneath the snow and a rescue shovel to dig him out.</em></p>
<p><em> Angus said he feared the worst when they pulled his father from the snow, unconscious and blue.</em></p>
<p><em> Speaking from a motel room last night, Mr Castran said he was uninjured apart from a black eye and having &#8220;the stuffing taken out&#8221; of him.</em></p>
<p><em> He said he and his son were experienced heliskiers and their companion, who they had met that day, regularly travelled the world for the adventure of the high-risk sport.</em></div>
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		<title>Positive cash flow property? Possibly</title>
		<link>http://www.paul-castran.com.au/2009/07/positive-cash-flow-property-possibly/</link>
		<comments>http://www.paul-castran.com.au/2009/07/positive-cash-flow-property-possibly/#comments</comments>
		<pubDate>Tue, 21 Jul 2009 12:57:43 +0000</pubDate>
		<dc:creator>PaulCastran</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=67</guid>
		<description><![CDATA[Positive cash flow property appeals to most, the ability to own a piece of brick and mortar and have it put money in your pocket each week is an attractive prospect. Well according to an article in the Herald Sun (http://www.news.com.au/heraldsun/story/0,21985,25684245-5013926,00.html), here is an extract:
INTEREST rates are so low it&#8217;s possible to buy an investment [...]]]></description>
			<content:encoded><![CDATA[<p>Positive cash flow property appeals to most, the ability to own a piece of brick and mortar and have it put money in your pocket each week is an attractive prospect. Well according to an article in the Herald Sun (<a title="http://www.news.com.au/heraldsun/story/0,21985,25684245-5013926,00.html" href="http://www.news.com.au/heraldsun/story/0,21985,25684245-5013926,00.html">http://www.news.com.au/heraldsun/story/0,21985,25684245-5013926,00.html</a>), here is an extract:</p>
<p><strong><em>INTEREST rates are so low it&#8217;s possible to buy an investment property and end up with money in your pocket each week, thanks to rising rents and the lowest interest rates in a generation.</em></strong></p>
<p><strong><em></em></strong></p>
<p><em>Financial planners say interest rates are so low that if you have a stable income and can afford it, now could be the ideal time to buy an investment property. </em></p>
<p><em>Huge shifts in the property market last year caused property prices to fall 2.6 per cent. Rents rose 11.2 per cent. Add generous tax rebates and it&#8217;s now possible to own new apartments for next to nothing &#8212; and in some cases receive a payment for buying. </em></p>
<p><em>MAB Corporation&#8217;s Richard Marshall says many investors are cashing in on the capital growth and unsurpassed tax benefits that buying property now delivers. </em></p>
<p><em>&quot;In the current environment of tax concessions and low interest rates, property investment can actually be positively geared,&quot; he says. &quot;An investor can buy a new apartment and have $50 extra in their pocket each week.&quot; </em></p>
<p><em>Frank Hellier of Malcolm&#8217;s Real Estate says many properties are moving into positive cashflow. </em></p>
<p><em>&quot;The property you buy returns cash in your pocket every week, from day one,&quot; he says. </em></p>
<p><em>Investors looking at positive gearing can opt for bigger rental returns and earn money immediately from their investment without relying solely on future capital gains. </em></p>
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		<title>Families pooling funds and buying together more common than ever!</title>
		<link>http://www.paul-castran.com.au/2009/06/families-pooling-funds-and-buying-together-more-common-than-ever/</link>
		<comments>http://www.paul-castran.com.au/2009/06/families-pooling-funds-and-buying-together-more-common-than-ever/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 12:28:56 +0000</pubDate>
		<dc:creator>Ben-Wright</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<category><![CDATA[buyers]]></category>

		<category><![CDATA[buying]]></category>

		<category><![CDATA[families]]></category>

		<category><![CDATA[family]]></category>

		<category><![CDATA[first]]></category>

		<category><![CDATA[home]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[loans]]></category>

		<category><![CDATA[melbourne]]></category>

		<category><![CDATA[property]]></category>

		<category><![CDATA[together]]></category>

		<category><![CDATA[victoria]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=65</guid>
		<description><![CDATA[With affordability at its lowest level on record, first-home buyers are thinking outside the square.
The home-ownership dream rarely used to feature a sibling in your bathtub and a parent on your certificate of title. These days though, first-home buyers are  becoming more and more flexible.
Housing affordability fell to record lows in the March quarter this [...]]]></description>
			<content:encoded><![CDATA[<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">With affordability at its lowest level on record, first-home buyers are thinking outside the square.</span></span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;">The home-ownership dream rarely used to feature a sibling in your bathtub and a parent on your certificate of title. These days though, first-home buyers are <span style="mso-spacerun: yes;"> </span>becoming more and more flexible.<span style="mso-ansi-language: EN;" lang="EN"></span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Housing affordability fell to record lows in the March quarter this year according to the latest Housing Industry Association-Commonwealth Bank report. <span style="mso-spacerun: yes;">               </span>Mortgage payments accounting for 30.7 per cent of total first-home buyer income these days!</span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Generations X and Y are also settling down later meaning for many home ownership is a solo battle.</span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">It’s not surprising then that increasing numbers of first-home buyers are teaming up with siblings, parents or friends in a bid to break into the property market.</span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">&#8220;There’s been a noticeable trend towards family members buying property together, as property prices are still very high, particularly for first-home buyers,&#8221; says Aussie Home Loans boss John Symond.</span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">The number of family members taking out mortgages together has jumped from about 1% of all loans originated by ‘Aussie’ to 5 per cent over the past two years!<span style="mso-spacerun: yes;">   </span>Mortgage Choice has reported a similar trend. A survey carried out by the company last year revealed more than 6 per cent of people who bought property within the past two years had done so with family or friends. And of those who intended to buy property within the next two years, over 8 per cent intended to do so with family or friends!</span></span></span></p>
<p class="MsoNormal" style="margin: 0cm 0cm 0pt;"><strong><span style="text-decoration: underline;"><span style="font-size: 14pt;" lang="EN-AU"><span style="text-decoration: none;"><span style="font-family: Times New Roman;"> </span></span></span></span></strong></p>
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		<title>Tax hurdles catching out property investors</title>
		<link>http://www.paul-castran.com.au/2009/06/tax-hurdles-catching-out-property-investors/</link>
		<comments>http://www.paul-castran.com.au/2009/06/tax-hurdles-catching-out-property-investors/#comments</comments>
		<pubDate>Wed, 10 Jun 2009 12:27:02 +0000</pubDate>
		<dc:creator>Ben-Wright</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<category><![CDATA[hurdles]]></category>

		<category><![CDATA[invest]]></category>

		<category><![CDATA[investment]]></category>

		<category><![CDATA[investors]]></category>

		<category><![CDATA[legal]]></category>

		<category><![CDATA[melbourne]]></category>

		<category><![CDATA[property]]></category>

		<category><![CDATA[tax]]></category>

		<category><![CDATA[travel]]></category>

		<category><![CDATA[victoria]]></category>

		<guid isPermaLink="false">http://www.paul-castran.com.au/?p=63</guid>
		<description><![CDATA[INVESTORS own around two million homes in Australia and every year thousands claim deductions they’re not entitled to and fall foul of the Australian Taxation Office.
The result can be a kind warning or a significant fine and large interest bill. 
The tax office says investors’ should be responsible in getting their tax returns right and [...]]]></description>
			<content:encoded><![CDATA[<p class="standfirst" style="margin: auto 0cm;"><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="mso-ansi-language: EN;" lang="EN">INVESTORS own around two million homes in Australia and every year thousands claim deductions they’re not entitled to and fall foul of the Australian Taxation Office.</span></strong><span style="mso-ansi-language: EN;" lang="EN"></span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">The result can be a kind warning or a significant fine and large interest bill. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">The tax office says investors’ should be responsible in getting their tax returns right and they can&#8217;t blame their accountant or plead ignorance if they get it wrong. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">One of the most common mistakes investors make is claiming items that should be depreciated over several years. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">According to the ATO, initial repairs to fix damage, defects or deterioration that existed when a property was bought are capital expenses that should be claimed as capital-works deductions over either 25 or 40 years. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Capital improvements like re-modelling a bathroom or adding a pergola should also be claimed as capital-works deductions. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Other mistakes include: </span></span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="mso-ansi-language: EN;" lang="EN">Interest </span></strong><span style="mso-ansi-language: EN;" lang="EN"></span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Taxpayers sometimes use loans for investing and private purposes &#8212; for example, to buy or renovate a rental property or to buy a motor boat. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">The interest expense on the private portion of the loan (the boat) is not deductible! </span></span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="mso-ansi-language: EN;" lang="EN">Legal expenses</span></strong><span style="mso-ansi-language: EN;" lang="EN"> </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">Conveyancing expenses incurred when buying and selling a property are not deductible. These form part of the cost for capital-gains tax purposes. </span></span></span></p>
<p><span style="font-size: small;"><span style="font-family: Times New Roman;"><strong><span style="mso-ansi-language: EN;" lang="EN">Travel expenses</span></strong><span style="mso-ansi-language: EN;" lang="EN"> </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">If you take a holiday and visit your investment property while you’re there, you cannot claim a deduction for the full trip. </span></span></span></p>
<p><span style="mso-ansi-language: EN;" lang="EN"><span style="font-size: small;"><span style="font-family: Times New Roman;">The tax office says you may claim only those expenses directly related to the property inspection and a proportion of accommodation expenses. </span></span></span></p>
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