The property market can seem like a maze, especially if you're thinking of buying a home for the first time. Investing in property is t the sure route to success and profit it once was - you w have to be smarter to make your investment in residential property perform well and t drag you down. Now extensively revised throughout, this bestselling book tells you how to invest smarter by: * selecting the best possible property in terms of purchase price, ongoing costs and potential for capital gain; * understanding when and how to negotiate with financial institutions to get the most advantageous loan; * recognising your own attitudes to risk and reward; * understanding how the government uses the tax system to encourage wealth creation within specific guidelines, and how it penalises attempts at wealth creation that move outside those guidelines; * building a team of experts around you, each of whom is indebted to you; * being aware of the most common mistakes people can make when they buy a home; * analysing the advantages and disadvantages of investing in different types of property; * finding the 'hot' suburbs; * understanding the impact of the GST and whether you should register.
Peter Cerexhe, a former consultant lawyer specialising in property, was for many years a finance writer with CHOICE magazine. Currently he is an editor and writer on financial and food issues from a consumer perspective. He is also the author of Smarter Property Improvement and Only 104 Weeks to Your Home Deposit.