Publisher's Synopsis
The property market can be like a maze, especially if you're thinking of buying a home for the first time. Investing in property is not the sure route to success and profit it once was - you now have to be smarter to make your investment in residential property perform well and not drag you down.;This 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 for you; recognizing 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 penalizes 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; analyzing the advantages and disadvantages of investing in different types of property; finding the "hot" suburbs.;The book also takes care to incorporate the new tax system of GST and activity statements as it actually is, not as it was "meant" to be.
