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Overview
Price (AUD $): 39.95
Description
Understanding Investment Property - Nick E. Renton
This work explains investment in residential, commercial and industrial property. It fills a vacuum in Australian literature as modern books dealing with property investment in a serious way are a rarity.
The book's explanations of general investment principles will help all investors, from beginners to seasoned professionals.
The greatly expanded 4th edition of this popular work discusses all the pros and cons of investing in property.
It is important that investments should always be matched to the needs, circumstances and objectives of the investor. In this context the relative advantages of investing in real estate directly or through unit trusts are compared. The differences between residential and non-residential property are analysed.
The current rules governing income tax and capital gains tax in relation to property investments and both positive and negative gearing are presented in a simplified way.
The book also deals with important contemporary issues which investors simply cannot afford to ignore - such as the goods and services tax and how to make best use of the Internet.
The advantages and disadvantages of self-management are examined. Other important topics covered include strata titles, leases, dispute resolution, risk and reward, reverse mortgages and redevelopments.
The sections on investing in property indirectly through property trusts and on how to get the best out of real estate agents have been greatly expanded.
Diverse subjects such as property investment as a viable alternative to superannuation and the effect of the Internet on the space requirements of tenants are explored.
Other topical issues dealt with range from the taxation of overseas income to buying off the plan, from stapled securities to split loans, and from old-fashioned company share schemes to modern scams. Aspects such as the ideal land-to-building ratio and the best way to assist adult children to acquire a home are dealt with.
Several helpful checklists are included and about 300 technical terms are defined in a specially prepared Glossary.
A comprehensive alphabetical index enhances the text and allows both market enthusiasts and persons with a "need to know" to locate all aspects of interest to them very readily.
Malcolm Gray contributed the Foreword.
Contents:
Foreword
Preface
1 Introduction
2 Background
3 Property as an Investment Category
4 Property Values
5 Title and Zoning
6 Residential Property
7 Commercial and Industrial Property
8 The Investor's Own Home
9 The Purchase of an Investment Property
10 Leases
11 Property Trusts
12 Mortgages as Investments
13 Gearing: the Use of Borrowed Funds
14 Negative Gearing
15 Risk and Reward
16 Dispute Resolution
17 Investing in Property during and after a Recession
18 The Market for Property
19 Miscellaneous
20 Income Tax
21 Capital Gains Tax
22 Other Taxes
23 Social Security Aspects
24 Real Estate Agents
25 Extensions and Redevelopments
26 Economic and Political Considerations
27 Property as an Alternative to Superannuation
28 Computers and the Internet
29 The Goods and Services Tax: the Basics
30 The Goods and Services Tax: Other Aspects
31 Reverse Mortgages
Appendices:
1 Marginal Income Tax Rates for 2003-04
2 Consumer Price Index
3 Management Checklist
4 Checklist for Lessee Discussions
5 Typical Clauses in a Lease
6 Sample Briefing Note for Leasing and Selling Agents
7 Alternative Ways of Registering Ownership
8 Some Recent and Possible Future Legislative Changes
9 Foreign Investment Review Board Requirements
10 Useful Internet Sites
11 Capital Growth Ready Reckoner
12 Wage Rates
13 The Effect of Inflation
14 The Effect of Compound Interest
Glossary
Tailpiece: Statutory Usury can hit Property Owners
Index
