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s it better to buy in a ‘hot spot’ or a ‘no brainer’ area?

There is a lot of media hype about which areas are going to be the next ‘hot spots’ for property investors. The problem we find with so-called ‘hot spots’ is that they have already peaked by the time you hear about them.

At JDL Strategies we prefer to focus on ‘no brainer’ areas. These are areas that continue to show solid long-term capital growth.

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What can you learn from wealthy people?

Research has shown that 80% of millionaires do not inherit their wealth. They are self-made people, and they don’t make their money until after their 40th birthdays.

And also note that only 3% of people become seriously wealthy. The other 97% finish their working lives financially unprepared, with their homes barely paid off and around $80,000 in superannuation!

So what can you do if you want to join the select ranks of seriously wealthy people?

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How do you choose a property investment

What are the key ingredients you should be looking for in an investment property?

The short answer is simple. You should be looking for a well-built and designed property in a location where people want to live that will give you a good rental return and also has the potential for long-term growth.

Let’s have a look in more detail.

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Will your super be enough for you to retire on?

A report released in March by the Association of Superannuation Funds of Australia (ASFA) shows that there is still a strong gender gap across all age groups between the super fund balances of men and women.

Women have an average of $44,866 in their super accounts, while men have almost double this, with an average of $82,615.

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Do you want to be forced to retire at 60 or 65?

We have an ageing population. By 2050 the percentage of Australians aged over 65 is expected to make up more than a quarter of the population.

The reality is that many of us will potentially spend up to a third of our lives in retirement.

This brings up some serious issues which need to be addressed.

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Do you understand Capital Gains Tax?

Accountants and other advisers talk a lot about capital gains tax. But do you really understand what it is and how it works?

Typical ‘capital assets’ are investment properties and shares. And you make a capital gain when you sell a capital asset – or give it someone else, e.g. your children – for a profit. In other words, the value of the investment property or shares is greater when you dispose of it than when you bought it.

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Update on the property market

The property market showed strength in the capital cities during 2013. National property prices, led by Sydney, rose almost 10%, as investors in particular took advantage of historically low interest rates.

So what lies ahead?

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Focus on women

International Women’s Day is held on 8 March each year to celebrate the achievements of women – economic, political and social. The theme for 2014 was ‘Equality for women is progress for all’.

But what about the disparities that still exist between women and men?

A workshop to explore the economic security of women in later life was organised in February by the HC Coombs Policy Forum at the ANU. It reached the depressing conclusion that most women will be dependent on the age pension in the future.

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Do you understand land tax?

Land tax is one of those taxes that every investor should understand. Why? Because with good strategies in place, you will be able to either avoid it altogether or keep it to a minimum. And legal tax minimisation is a key part of a wealth accumulation strategy.

First of all, what is land tax?

It is a state tax, levied every year on the owners of land in every state and territory except the Northern Territory. Your home is generally exempt. But you will potentially be liable for land tax if you own (or part-own) vacant land, a holiday home, or an investment property.

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