www.wilsonfinancial.com.au
  • About Us
    • Why Use Us?
    • Testimonials
    • In The Community >
      • FOWAS Dog Training
      • 2024 Southern Highlands Biggest Bake Off
      • 2023-southern-highlands-biggest-bake-off
    • Our Team
    • Enquiries
    • Privacy Statement
  • Home Loans
    • Investment Loans
    • Calculators >
      • Stamp Duty Calculator
      • Income Tax Calculator
      • Borrowing Power Calculator
      • Budget Planner
      • Extra Repayment Calculator
      • Home Loan Offset Calculator
      • Property Selling Cost Calculator
      • Property Buying Costs Calculator
      • Hardship Contact Lines - Mortgages
      • Hardship Contact Lines - Equipment
    • Aussie Expats and Foreign Investors
    • Deposit Bonds
    • Medical Professionals
  • Cars & Equipment
    • Car, Truck and Equipment Finance
    • Get A Quote
    • Car Buying Service
    • Car Loan Application Online
    • Solar Finance
    • Car Buyers Guide
  • Financial Planning
  • General Insurance
  • Blog
  • Contacts
  • Vacancies
  • More
    • MyConnect
    • Resources
    • Newsletter Sign Up
    • Topic Sheet Library
    • Privacy Policy
    • Feedback
    • Glossary of Terms
  • Contact Us

When to hold and when to fold

4/11/2013

0 Comments

 
Picture
Should buying a property be like building a time  capsule? Acquired and then squirrel away the titles away in a deep dark place  for long periods of time. If the right buyer comes along, and offered you the  ‘right’ price, would you sell? 

Many experts would advise that selling property  is taboo when building wealth or developing a portfolio. However, with agents  fees at 2-3% per sale, and stamp duty at over 3% every time you buy, is buying  and selling too much eroding your profits? Where is the perfect balance in  today’s market, where the words ‘plateau’ and ‘housing bubble’ seem commonplace in public sentiment. Do you hold for 20, 30, 40 years?

What are some examples of when selling can be tempting
I
  • Income has changed and you can no longer afford the property
  • Unsecured debts have grown and you need to make some hard decisions
  • Circumstances have changed and you need to change your lifestyle or home, via upgrade or downgrade
  • The property is due for expensive repairs or the annual costs are blowing out
What are your thoughts about selling property? Are you in it for the long term or are you a property flipper? Let us know how  you feel about this topic in the comments section below, I’m sure there is a fabulous debate buried deep in this topic.




0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Liz Wilson has been working in finance for twenty two years now. She regularly blogs on industry topics and here you will find over a hundred personally written blog topics and case studies...

    Picture

    Archives

    June 2023
    March 2023
    July 2022
    November 2021
    July 2021
    June 2021
    September 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    June 2019
    February 2018
    July 2017
    April 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    August 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    February 2013
    January 2013
    November 2012

    Categories

    All
    Extra Wierd
    Fun
    General
    Home Loan Features
    Industry News
    Kiva
    Lending
    Mortgage Broking
    Statistics
    Useful
    Wierd

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • About Us
    • Why Use Us?
    • Testimonials
    • In The Community >
      • FOWAS Dog Training
      • 2024 Southern Highlands Biggest Bake Off
      • 2023-southern-highlands-biggest-bake-off
    • Our Team
    • Enquiries
    • Privacy Statement
  • Home Loans
    • Investment Loans
    • Calculators >
      • Stamp Duty Calculator
      • Income Tax Calculator
      • Borrowing Power Calculator
      • Budget Planner
      • Extra Repayment Calculator
      • Home Loan Offset Calculator
      • Property Selling Cost Calculator
      • Property Buying Costs Calculator
      • Hardship Contact Lines - Mortgages
      • Hardship Contact Lines - Equipment
    • Aussie Expats and Foreign Investors
    • Deposit Bonds
    • Medical Professionals
  • Cars & Equipment
    • Car, Truck and Equipment Finance
    • Get A Quote
    • Car Buying Service
    • Car Loan Application Online
    • Solar Finance
    • Car Buyers Guide
  • Financial Planning
  • General Insurance
  • Blog
  • Contacts
  • Vacancies
  • More
    • MyConnect
    • Resources
    • Newsletter Sign Up
    • Topic Sheet Library
    • Privacy Policy
    • Feedback
    • Glossary of Terms
  • Contact Us