Managing director Jonathan Bell said what to invest in depends on personal factors.Bell Estate Agents managing director Jonathan Bell said he was a strong advocate for purchasing houses over apartments where possible.“Traditionally in Australia, house and land have outperformed apartments,” Mr Bell said. “There’s a lot of unknowns in the unit department, when you buy one, what’s to say they don’t build another 100 next door?”Mr Bell said he advised his clients to, where possible, buy properties where equity could be manufactured.“What we did with a client in Bald Hills is they secured something with 1000sq m (of land) that they knew they could get a good tenant into and also has the potential in the future to split into two blocks, so you can manufacture equity.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59However, he said there were some advantages for investing in apartments, particularly for first homeowners.“There’s a time and a place for a unit, and a first homeowner could potentially avoid stamp duty, and get the first homeowner’s grant if it was new,” Mr Bell said.“We wouldn’t suggest for a first homebuyer to sit and wait for five years saving to buy a house if they could enter the market earlier in an apartment.” Qualified property investment advisor Melinda Jennison talks about houses v apartments.For example, a complex of six units on an 800sq m block can attribute about 133sq m of that land to each unit, whereas a complex of 100 on a 2000sq m block only attributes 20sq m to each.Ms Jennison said land holding was also important when buying a house, as was appeal for resale.“(Owner occupiers) make up 65-70 per cent of all buyers in Australia and investors make up the balance … so we always like to ensure that the house has owner occupier appeal,” she said.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours ago“Land content is also very important … but not all land is created equal.”She said understanding the zoning of the land and how much of the purchase price could be attributed to the land was essential.Ms Jennison said the demographic of those living in the suburb must also be considered.“The type of property to be considered in a particular location will depend on who actually lives there and what type of housing they prefer.” Should you buy an investment house or an apartment?IT IS the age old question — what is better to invest in, an apartment or a house?The answer may not be as simple as one or the other, and can depend on a variety of factors, including your own financial situation and investment goals.Streamline Property qualified property investment advisor Melinda Jennison said everything from hidden costs, personal goals, location and land size needed to be taken into consideration.Ms Jennison said considerations with apartments included how many units were in the complex, what are the body corporate fees, were there hidden maintenance costs that may increase the sinking fund costs, rental vacancy rates for the area and how many other units were competing for renters locally.“The other thing we would consider, even with units, is how much land content can be attributed for a single unit,” she said.“Generally the land component appreciates and the building component depreciates … so this is definitely something that needs to be considered if long term capital growth is the desired outcome.”
Tweet Share Share BRIDGETOWN, Barbados (CMC) – Prime Minister Dr Kenny Anthony says St Lucia is not prepared to invest in the cash-strapped regional airline, LIAT, and called on its shareholder governments to bite the bullet and put in place policies that would ensure the financial viability of the Antigua-based carrier.“This is not a question of governments making sacrifices, it is also a question of LIAT, its employees and its pilots also making sacrifices for the future of LIAT,” Anthony said.LIAT is owned by the shareholder governments of Antigua and Barbuda, Barbados, Dominica and St Vincent and the Grenadines. The four regional governments have been appealing to other Caribbean Community (CARICOM) governments to invest in the airline that services 17 destinations and are now involved in upgrading its fleet with a loan from the Barbados-based Caribbean Development Bank (CDB).Anthony, who was here attending the just concluded CARICOM summit, told reporters that his island has suffered “greatly under the new regime” that the airline is now applying.“Our citizens enjoy fewer flights, we have also had reports in some countries our citizens are being discriminated against, and they are told by LIAT staff in some of those airports that they cannot assist them because the government of St. Lucia does not invest in LIAT.“That kind of behaviour is totally unacceptable, unwarranted. St. Lucia is an important destination for LIAT, but I do not believe that kind of pressure should be exerted on St Lucia merely because St Lucia does not invest in LIAT.“The fact of the matter is that we are spinning top in mud and as much as I would want to see a strong viable regional carrier, it cannot be at all costs, meaning that you in invest solely because it is a regional carrier.“There has to be more to it than that,” Anthony said, adding “the reality of the situation is this LIAT may never seriously earn a significant profit, but that is no excuse to ensuring that inefficiency continues”.Prime Minister Anthony said what is needed right now is to transform the airline to ensure that it is far more efficient “that it is operated strictly on appropriate financial formula that ensures losses are curtailed and efficiencies are gained.“I believe that if these things can happen that the future of LIAT will be different, but I am not going to be goaded into supporting LIAT for purposes of nostalgia that is not going to happen in the case of St. Lucia.“St Lucia’s position has always been very clear that until and unless there is fundamental restructuring in LIAT, until and unless all understand that they are part of the scarifies that are necessary fo LIAT to survive we are going to maintain our distance,” he added.Anthony said he has also “made it very clear” that if the governments of the region are going to provide marketing support to other external airlines to fly in passengers into the Caribbean “then it would be discriminatory for that to happen but we are not extending support to LIAT, but the fact of the matter is that LIAAT itself must undergo transformation to be able attract investment by the government of St Lucia”. 55 Views no discussions Share Sharing is caring! LifestyleNewsRegionalTravel St Lucia not prepared to invest in regional airline by: Caribbean Media Corporation – July 6, 2015
Batesville, In. — Over the weekend members of the Veteran’s of Foreign Wars Post 3183 held a free cookout and Independence Day ceremony.Both the new commander, Dell Williamson and the immediate past commander Tom Fritsch led the ceremony that included the Star Spangled Banner, 21-gun salute, “Taps” and a raffle.All proceeds benefit the Batesville VFW Post 3183.