Auctioneering Championships hit the Red Centre this week
Auctioneer Mark Sumich writes about the Australasian Real Estate Institute's Auctioneering Championships which are being held in Alice Springs this year.
According to a report just released home ownership is slipping away for many Australians and soon less than half of all adults will own their own home.
With negative gearing only available for investment in newly-built residential property existing investors will find it more difficult to sell their properties as other investors will show little interest in existing property with inevitable falls in value to follow.
The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
While ownership of an investment property can provide significant financial benefits, many landlords want assurance that their property will provide a steady flow of rental income.
Property investment advisers or real estate agents who recommend people invest in property via SMSFs, and who do not have an AFS licence, are breaking the law.