Dear News Of The Area,

I REFER to Denise Haynes’ advice to the prospective buyer (News Of The Area “Market Advice” edition 10 January 2019) and wish to comment as follows:

Modern Media: Advertise with News Of The Area and you get your ad in 1) in Print, 2) on the News Website (like this ad), and 3) on our Social Media news site. A much more efficient way to advertise. Reach a HUGE audience for a LOW price TODAY! Call us on 02 4983 2134. Or media@newsofthearea.com.au
Or CLICK FOR ADVERT QUOTE

The seven points you gave are all valid but it seems to me that the advice comes from the point of view of a real estate agent. Or am I wrong? Although I am not a practising real estate person I am fully qualified in that area. I am also a qualified accountant and work for the State government.

I have some additional important points to cover if a prospective buyer is to make an informed decision regarding starting up in the property market.

Is he/she buying as an owner/occupier or as an owner/investor?. Is he/she aware of negative gearing and capital gains tax implications and Is he/she aware that the current laws might change come the next elections?

The advice on a budget should also make the buyer aware that interest rate, although currently very low (and it has been for many years), could go up at any time. Is he/she prepared for such eventuality?

I just wanted to add to the points you raised.

Lysippe Rivalland
Nelson Bay