You can still make a profit, but you have to be very strategic about the property you buy and how much you spend on the renovation, and accurately forecast the price you're likely to get.
renovating
Showing 61 to 70 of 86 results tagged renovating:
Not all renovations will boost your property's value. Spending on bells and whistles that buyers don't care about is money down the drain.
The best way to understand the new depreciation rules is to break them down into nine simple key points.
"I decided what I really wanted my life to look like in five years. I wanted to own a house and a car and to have won awards for my craftwork," says Joanna Jones.
Flipping houses to make a quick profit was big business in the early noughties, but the numbers have dropped.
Property flipping can be an effective way of making money, but is it as easy as it sounds?
Cutting corners on maintaining your investment property could save you a few dollars now, but it will cost you in the long run.
Our love of renovation is still going strong, with many turning to it to create additional wealth. This formula will help you return the greatest profit.
The federal government has proposed sweeping changes to the way investors claim depreciation on previously used assets within a residential property.
Cherie Barber is a regular on TV and radio, known for renovating and flipping property. She fell into it after making a beginner's mistake when she bought her first property at 21.
