#property investment loan NSW

[auspakhomeloan]

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[ndispropertyaustralia]

[ezeemortgages]

Your Guide to SMSF Home Loans in Murwillumbah

Self-Managed Super Fund (SMSF) home loans open up exciting opportunities for property investment in Murwillumbah, allowing you to grow your retirement savings through real estate. These specialized loans let your SMSF purchase residential or commercial properties, providing a steady income stream and long-term growth potential.

SMSF home loans differ from traditional loans as they come with specific rules and requirements. For instance, the property must be used solely for investment purposes, and your SMSF needs to have sufficient funds for a deposit and associated costs. With Murwillumbah’s robust property market, now is an excellent time to explore these opportunities.

0482 471 301

Murwillumbah NSW 2484

[24dailyblog]

Property Spruiker Henry Kaye's Associates Face Public Grilling over Land Scams

Liquidators on behalf of the corporate regulator will publicly examine 10 key players behind two failed development schemes proposed for Melbourne's outer west and Bendigo and were part of a network land-banking scams across Victoria, Queensland and Western Australia, revealed by The Age in early 2015.

The Australian Securities and Investments Commission (ASIC) is now seeking to untangle the complex web of companies, trusts, loans and properties behind the schemes as part of its ongoing probe of land banking.

Among those to be examined are senior lawyers from the firm formerly known as Clamenz Evans Ellis which is also linked to the alleged Plutus tax fraud syndicate scam in NSW along with Adam Cranston, the son of Australian Tax Office deputy commissioner Michael Cranston.

Clamenz's Sydney-based tax lawyer Dev Menon was one of 10 people arrested this month over an allegedly fraudulent scheme that skimmed $165 million in taxes through a network of payroll businesses.

Other Clamenz lawyers summonsed for public examination in land-banking case are Daniel Clarke from Sydney and Darren Eliau from Melbourne.

Clamenz Evans Ellis lawyers were central to the land banking operation including as directors of key companies involved.

Kaye's sister Julia Feldman, who often oversaw the marketing of the schemes, as well as long-time Kaye associates lawyer Colin Adno and project manager Michael Grochowski also face questioning.

So too does Sydney accountant Ian Stephens. He was a director of one of the Melbourne-based land-banking companies and also is a director with Adam Cranston of the private equity company Synep in Sydney. Mr Stephens has not been charged in relation to the alleged Plutus fraud and there is no suggestion he was in any way involved.

Kaye – whose role in the scams was hidden behind secretive trusts and financial deals – has not yet been called for public examination. However, the court has also ordered lawyers to produce an array of documents including communications with lenders to the projects, which would include Kaye.

The Belarus-born Kaye amassed a fortune from get-rich seminars in the early 2000s. His wealth education empire collapsed in 2003 owing 3500 investors up to $60 million.

Some of that money is believed to have been sunk into Melbourne's sprawling western fringe where Kaye and his associates worked up their new strategy for fleecing gullible real estate investors – high-risk "options" on yet-to-be-developed housing projects.

In manipulative seminars from 2011 to 2014 they flogged glamour development projects like Foscari (an "iconic architectural masterpiece") and Veneziane (the "Toorak of the West").

Years after it was first marketed, the Foscari site in Truganina remained a disused rubbish dump, the Veneziane site paddocks in Melton.

In April 2016 ASIC succeeded in having two of the land-banking companies wound up, arguing the companies were insolvent.

In his findings Federal Court Justice Beach identified Kaye as a beneficiary behind the Foscari scheme, reaping up to 60 per cent interest from loans he had made via a company called Bourke & Queen Mortgages. Clamenz lawyer Darren Eliau is listed as an original director of the company.

Investors sunk tens of millions of dollars into the schemes, much of which now appears lost in an impenetrable maze of secretive trust accounts. The land-banking scams highlight the widespread use of trusts in Australia to both avoid tax and reduce transparency.

[asic24]

Dead Men Sign Deals in Bizarre World of Henry Kaye

The dead tell no tales says the adage, but in the twilight world of property hustler Henry Kaye, they do run companies.

In that world, rubbish dumps are also glamorous lifestyle neighbourhoods, lawyers represent both sides of a transaction, companies that don't exist buy property, and hard cash and those holding it are inclined to vaporise.

John Wood was drawn into Kaye's web because he owned land on the outskirts of Bendigo. In Kaye's hands the site would be marketed as a future luxury housing estate, and naive investors would be lured by the promise of windfall gains from turning an ordinary farm into upmarket housing.

In his final months, Wood was a director of a company ultimately run by Kaye's associates as part of a land-banking racket across Victoria, Queensland and Western Australia exposed by ASIC in early 2015.

Almost six months after his death, Wood's signature even appeared on a contract allowing property to be used as security for a Kaye-linked loan.

Wood's graveyard instructions were just one of the bizarre stories heard in Federal Court in recent weeks as liquidators explored the labyrinth of companies, trusts and transactions that hid Kaye from public view as he fleeced small investors of tens of millions of dollars between 2010 and 2015.

The hearings were public examinations of 10 key players in just two of the schemes – "Foscari" in Melbourne's outer-west, and "Midland" in Bendigo – by liquidators along with the corporate regulator, the Australian Securities and Investments Commission (ASIC). Both schemes were wound up in 2016 because of insolvency.

It is now clear the regulator views Kaye – infamous in Australia for his wealth-creation seminars in the early 2000s – as the mastermind behind of what Jonathon Moore, QC, described in court as a "scam".

In the hearings, Moore detailed how Kaye directed, and profited from, every major transaction within and across the schemes, reaping millions of dollars for himself, his sister Julia Feldman, and his long-term allies including "project manager" Michael Grochowski, and lawyer, Colin Adno.

"You know don't you that this whole scheme was Henry Kaye promoted and driven from start to finish?" Moore asked of Kaye's lawyer Darren Eliau, a partner of Melbourne-based law firm Evans Ellis, formerly Clamenz Evans Ellis.

Moore accused Eliau of helping "hide" Kaye behind layers of secretive trusts, so that his involvement would not deter potential investors.

Eliau, whose firm was a key player in the land-banking schemes, eventually conceded the complex trust structures were intended to "conceal" Kaye who was also banned from managing corporations for five years in 2010.

The court heard how Kaye and his cronies moved millions of investors' dollars across ostensibly unrelated projects in undocumented and unsecured loans, transactions described by barrister Moore as money effectively "stolen".

He put to Eliau that his firm had been "hopelessly negligent" in facilitating such transactions.

Among the firm's senior lawyers examined was Daniel Clarke, who is also linked to the alleged $165 million Plutus tax fraud syndicate scam in NSW along with Adam Cranston, son of former Australian Taxation Office deputy commissioner Michael Cranston.

The Sunday Age understands that Victoria's legal profession watchdog, the Legal Services Commission, is now investigating Evans Ellis in relation to the Kaye land-banking scam.

The court also heard:

That a company ultimately controlled by Kaye, Bourke & Queen Mortgages, loaned money to a development company Foscari Holdings, at the extraordinary interest rate of up to 60 per cent. How Kaye dictated terms including a direction that his Bourke & Queen Mortgages would loan money to the Foscari and then, later, that it would increase the level of the loan. That Kaye's sister, Julia Feldman, also profited by lending money to Foscari though her company, Step Forward Investments. Kaye and/or Feldman controlled the marketing and real estate companies that siphoned off one-third of the investor payments on Wood's Bendigo land. Kaye associate and project manager Michael Grochowski concede that most of the investors' $24 million outlaid on the Bendigo project was eaten up in commissions or undocumented "loans" to other entities. The Belarus-born Kaye amassed a fortune from get-rich seminars in the early 2000s. His wealth education empire collapsed in 2003 owing 3500 investors up to $60 million.

It appears that some of that money was spent on sites in Melbourne's sprawling outer-west where Kaye road tested his new business – urban fringe land-banking.

In manipulative seminars from 2011 to 2014, Kaye, his sister and their offsiders, flogged projects such as Foscari (an "iconic architectural masterpiece") and Veneziane (the "Toorak of the West").

Similar schemes were rolled out on the fringes of Melbourne, Bendigo, Shepparton and Townsville.

ASIC has estimated that as much as $100 million may have been outlaid by investors across about 10 such schemes.

But years after the projects were spruiked and options sold, not one sale has been finalised nor brick laid. In some cases, investors were literally buying options where Kaye's team only had options – an options on options, in other words.

An important element of the Kaye swindle was to wrap it in credibility by promoting the involvement – usually fleeting and often unpaid – of big brand names including architects Fender Katsalidis, lawyers Slater and Gordon and, even, the Victorian government.

Kaye's ingenuity stretched to winning a $520,000 grant from the Napthine government for innovative stormwater catchment; this, for a project never started, much less completed.

While Kaye was not among the 10 witnesses called for public examination, The Sunday Age understands that this is because ASIC is hoping to build a case against him before acting.

But the regulator has a problem. Kaye appears to have disappeared. It's likely that much of the land-banking riches are with him.

He is understood to have left Australia in the wake of ASIC revelations and the official investigations that followed, including by ASIC, a Senate committee and the Victorian Legal Services Commission.

If Kaye has absconded, and no one is held to account for ripping off thousands of investors, ASIC faces a potential embarrassment.

It will soon be three years since ASIC revealed the land-banking scam and pointed to the involvement of Kaye and his family. To date, no one has been held responsible. The land banking scam has been a top investigative priority for ASIC since.

If the regulator falls short in its pursuit of Kaye and his cronies it will be the second time it has done so. Its first attempt failed spectacularly almost a decade ago.

Kaye's sister Julia Feldman was summoned for public examination but did not appear, claiming she was too ill.

In the court, Kaye's accomplice Michael Grochowski blamed the deceased John Wood for many of the failings of the Bendigo scheme.

There are is now real concern among investors and others seeking justice that, in the case of the Bendigo scam at least, the buck may yet rest with the one man unable to defend himself, or pay up.

[federalcourtjustice]

Property Spruiker-linked Land Banking Companies wound up

A group of companies linked to notorious property spruiker Henry Kaye’s failed land banking schemes, that fleeced millions of dollars from mum and dad investors, have been successfully shut down by Australia’s financial watchdog.

Federal Court orders issued this week will wind up, “in the public interest,” five companies used by Kaye, his lawyers and business associates to scam investors of as much as $100 million.

All five companies were linked to the slickly-promoted land banking schemes in Melbourne's outer west and Bendigo, part of a network of scams across Victoria, Queensland and Western Australia, revealed by The Age in early 2015.

The Australian Securities and Investments Commission (ASIC) successfully applied for Federal Court orders to wind up Brookfield Riverside, Bilkurra West, Bilkurra South, and Gillies Road, claiming the companies were insolvent.

Money raised from investors was transferred between the companies without any concern for the investors and had largely disappeared, ASIC claims.

The regulator is still untangling a complex web of companies, trusts, loans and properties that were behind the schemes as part of its probe into land banking.

None of the scheme’s many investors, who were sold “options” over empty farms and rubbish dumps, have had any of their missing millions returned.

A fifth company, Project Management (Aust) which was used to control the other companies, was also wound up.

Its directors Michael Grochowski and Ian Stephens will face court in September after ASIC sought to have them disqualified from managing corporations.

In 2016, the financial watchdog obtained 10-year banning orders against another pair of notorious spruikers, brothers Jamie and Dennis McIntyre, who promoted the land banking scams.

Over a period of several years from 2011, Kaye and his associates flogged the high-risk "options" on yet-to-be-developed housing projects to gullible real estate investors, before making off with millions.

One Kaye associate and senior lawyers from the law firm formerly known as Clamenz Evans Ellis, which helped facilitate the land banking operation, have also been linked to the alleged Plutus tax fraud syndicate in NSW along with Adam Cranston, son of Australian Taxation Office deputy commissioner Michael Cranston.

Other Clamenz lawyers, Daniel Clarke, Darren Eliau and Ben Skinner, were summonsed last year for public examination in the land-banking case. There is no suggestion they were linked to the Plutus syndicate.

The Belarus-born Kaye amassed a fortune from get-rich seminars in the early 2000s. His wealth education empire collapsed in 2003 owing 3500 investors up to $60 million.

ASIC is hoping to build a case against Kaye but it appears he has disappeared, taking much of the land-banking riches with him.

[sarahmadhew]

How to Buy a House in Jervis Bay Real Estate: A Complete Guide

Why Jervis Bay?

 Jervis Bay real estate, located on the South Coast of New South Wales, is officially recognised by the Guinness World Records for having some of the whitest sands on the planet. It’s a haven for families, retirees, and holidaymakers, with growing appeal for property investors. According to CoreLogic, property prices in Jervis Bay have experienced a steady annual increase of 6% over the past five years, reflecting its desirability as both a lifestyle and investment destination.

Step 1: Understand Your Budget

The first step to buying a house in Jervis Bay is determining a realistic budget. Due to increasing demand following the pandemic, the median home price in Jervis Bay real estate as of 2024 is roughly $880,000

Key Considerations:

Upfront Costs:

Deposit (usually 20% of the property price).

Stamp duty (check the NSW government’s concessions for first-time buyers).

Legal fees and conveyancing costs.

Ongoing Costs:

Council rates, utilities, and property maintenance.

Potential mortgage insurance if your deposit is less than 20%.

Loan Pre-Approval:

Securing pre-approval from a lender will give you a clear understanding of your borrowing capacity and strengthen your negotiation position.

Step 2: Research the Market

In Jervis Bay real estate competitive real estate market, thorough research is crucial. This involves staying updated on local listings, market trends, and auction results.

2024 Market Insights:

High Demand for Coastal Properties: Suburbs like Hyams Beach, Vincentia, and Huskisson are particularly sought after for their proximity to the beach and amenities.

Rental Yields: Rental returns: Due to Jervis Bay's popularity as a travel destination, investors find it appealing because vacation rental returns typically range between two and five percent.

Practical Steps:

Use property platforms and local agency websites to track market activity.

Attend open houses to understand pricing and availability trends.

Consult resources like CoreLogic reports for detailed market data.

Step 3: Engage a Local Real Estate Agent

Partnering with a local real estate agent is a smart move when navigating Jervis Bay real estate. Their expertise can help you uncover off-market opportunities and negotiate the best deal.

Benefits of Working with Local Agents:

Access to exclusive listings and market insights.

In-depth knowledge of zoning regulations and potential restrictions.

Guidance through the negotiation process.

Look for agents with a proven track record in the Jervis Bay area, such as Wright Way Realty, to ensure you’re getting reliable support.

Step 4: Visit Open Houses and Inspections

Once you’ve shortlisted properties, attending open houses and inspections is essential. You can assess the property's layout, condition, and suitability directly in this phase.

Checklist for Inspections:

Structural Integrity: Check for cracks, dampness, and signs of wear.

Natural Lighting & Ventilation: Assess whether the property feels open and airy.

Neighborhood Assessment: Consider noise levels, safety, and proximity to schools or shopping.

Step 5: Conduct Due Diligence

Conducting due diligence is critical to avoid costly surprises down the line. According to NSW Fair Trading, one in four homes in coastal regions like Jervis Bay show signs of termite activity, underscoring the importance of professional pest and property inspections.

Legal and Professional Support:

Conveyancing: Hire a licensed conveyancer to review contracts and check for encumbrances.

Council Regulations: Verify zoning rules with Shoalhaven City Council to ensure there are no restrictions on renovations or plans.

Step 6: Make an Offer

Once you’ve completed your inspections and due diligence, you’re ready to make an offer. Be prepared for counteroffers, as the Jervis Bay real estate market is competitive, with properties often selling within 45 days.

Tips for Making an Offer:

Base your offer on recent comparable sales data.

Include protective conditions, such as being subject to financing or inspections.

Step 7: Secure Financing

The next step is to finalise your mortgage when your offer is accepted. Work closely with your lender to ensure all paperwork and approvals are completed smoothly.

Popular Loan Options:

Variable-Rate Loans: Offer flexibility if interest rates change.

Fixed-Rate Loans: Provide stability with consistent repayments.

Step 8: Settlement and Moving In

The settlement process, which typically takes 4-6 weeks, involves transferring ownership and paying the remaining balance. Once complete, you can begin your new chapter in Jervis Bay.

Post-Settlement Checklist:

Update your address with utilities, banks, and government agencies.

Organise moving logistics and unpacking.

Connect with your new community to feel at home quickly.

Professional Advice on Purchasing a Home in Jervis Bay real estate

Leverage First Home Buyer Schemes:

Take advantage of NSW’s stamp duty concessions to save thousands. This is particularly helpful for first-time buyers entering the market.

Consider Renovation Opportunities:

Older properties in suburbs like Sanctuary Point offer excellent value and the chance to customise your home to your taste.

Buy During Off-Peak Seasons:

Purchasing in winter, when demand is lower, can give you more bargaining power and access to motivated sellers.

Common Mistakes to Avoid

Skipping Inspections:

Always invest in thorough property and pest inspections to avoid expensive surprises.

Underestimating Costs:

Factor in all expenses, including insurance, council fees, and maintenance, to avoid financial stress.

Rushing the Process:

Take the time to ensure the property aligns with your needs and goals, rather than making impulsive decisions.

Key Takeaway

Buying a house in Jervis Bay is a significant decision, but it can be a rewarding one with proper preparation, research, and guidance. By understanding the Jervis Bay real estate market, leveraging resources like CoreLogic, and following these steps, you can confidently secure your dream home in this stunning coastal paradise. Whether it’s a family retreat, holiday property, or investment, Jervis Bay offers unparalleled opportunities.

Get in touch with your neighborhood realtor, Wright Way Realty, right now for individualised help or to view available properties. Jervis Bay could soon be more than just a dream destination—it could be your home.

[carbarnblog]

What to Look for When Buying a Used Car in Australia

Buying a used car in Australia can save you money, but it requires careful planning and inspection to ensure you make a good investment. Here’s a detailed guide tailored to the Australian market:

1. Determine Your Budget

Set a realistic budget: Include the purchase price, registration, insurance, and potential repairs.

Consider ongoing costs: Account for fuel, maintenance, and servicing costs.

Financing options: If financing, compare loan rates from banks and car dealerships.

2. Decide on the Type of Car You Need

Purpose: Do you need a city car, family SUV, or off-road vehicle?

Size: Consider parking space and fuel economy for smaller vehicles versus larger ones.

Australian conditions: For rural or outback areas, prioritize vehicles with good ground clearance and durability.

3. Research Vehicle Models

Reliability: Check reviews and forums for the reliability of the make and model.

Popularity in Australia: Toyota, Mazda, and Hyundai are known for their dependability and resale value.

Fuel Type: Compare petrol, diesel, hybrid, and electric options based on your driving needs and fuel prices.

4. Check the Vehicle’s History

Obtain a PPSR (Personal Property Securities Register) check: This ensures there’s no debt attached to the car and that it hasn’t been stolen or written off.

Review the service history: Regular maintenance is crucial for long-term reliability.

Ask about the car’s past: Avoid vehicles that have been in floods, bushfires, or serious accidents.

5. Inspect the Car Thoroughly

Exterior

Look for dents, scratches, or rust, especially in areas prone to harsh weather.

Check for mismatched paint or poorly aligned panels, which could indicate previous repairs.

Interior

Test all electronics (radio, air conditioning, windows).

Inspect upholstery for wear, stains, or odors.

Ensure all seatbelts and airbags are intact.

Under the Hood

Look for oil leaks, corrosion, or damaged belts.

Check fluid levels (oil, brake, coolant).

Tyres and Wheels

Ensure tyres have sufficient tread (minimum 1.5mm is legal).

Check for uneven wear, which may indicate suspension or alignment issues.

6. Test Drive the Vehicle

Drive on various roads, including highways and rougher surfaces.

Test the brakes for responsiveness and unusual noises.

Check acceleration, steering, and suspension performance.

Listen for odd sounds from the engine, transmission, or suspension.

7. Verify Mileage and Condition

Compare the odometer reading with the car’s age. In Australia, the average mileage is about 15,000–20,000 km per year.

Be cautious of extremely low mileage, which could indicate tampering or prolonged disuse.

8. Negotiate the Price

Use online tools like RedBook or CarsGuide to determine a fair market value.

Highlight any defects or necessary repairs as leverage.

Be firm but polite during negotiations.

9. Check Registration and Ownership

Confirm the registration is current and matches the seller’s details.

Ensure the VIN (Vehicle Identification Number) and engine number match the registration papers.

Avoid vehicles with unclear or missing ownership documents.

10. Conduct a Pre-Purchase Inspection

Hire a qualified mechanic to inspect the car before buying.

Services like NRMA, RACV, or RACQ offer professional pre-purchase inspection packages.

11. Be Wary of Scams

Avoid overly cheap deals—they could be scams or cars with hidden issues.

Be cautious when dealing with private sellers who avoid meeting in person.

Avoid paying large sums upfront without verifying the vehicle and seller.

12. Consider Warranties and Insurance

For dealer-purchased cars, check if they come with a statutory warranty (typically required in most Australian states for used cars under a certain age and mileage).

Ensure you have adequate car insurance before driving the vehicle home.

13. Know the Legal Process

Complete a Notice of Disposal or equivalent in your state (e.g., VICRoads, Service NSW).

Pay any transfer fees and stamp duties.

Update the car’s registration into your name within the required timeframe.

By following these steps, you’ll increase your chances of buying a reliable used car that suits your needs and avoids unexpected problems. Happy car hunting!

[ascensionfinancesposts]

Unlock Your Investment Potential with Ascension Finance - Expert Mortgage Brokers in Lake Macquarie

Are you looking to invest in property in the beautiful Lake Macquarie area? Look no further than Ascension Finance, your trusted investment mortgage broker in Lake Macquarie, NSW. Our team of seasoned experts specializes in providing tailored mortgage solutions that meet your unique financial goals and needs. With an in-depth understanding of the local property market, we guide you through the entire mortgage process, ensuring a seamless experience from start to finish. We pride ourselves on our commitment to finding the best mortgage rates and terms, helping you maximize your investment potential.

[interiorlover12]

Comprehensive Guide to Commercial Property Financing for Small Business Owners and Investors

Understanding Commercial Property Financing: Basics for Success

Commercial property lending is a cornerstone of business growth, enabling entrepreneurs and investors to purchase or develop spaces tailored to their needs. From retail spaces and office buildings to warehouses and mixed-use properties, the right financing option can make all the difference in the success of a commercial real estate investment.

Key Considerations in Commercial Property Lending

Financing a commercial property differs significantly from obtaining a residential loan. Typically, commercial property loans come with stricter requirements, shorter terms, and higher interest rates. Here are a few essential factors to consider when seeking a loan:

Loan-to-Value Ratio (LTV): This ratio helps lenders assess the risk of the loan. For commercial properties, the LTV often falls between 65-80%, meaning borrowers must be ready with a sizable down payment.

Debt Service Coverage Ratio (DSCR): This figure measures a property’s ability to cover debt payments with its net operating income. A DSCR of 1.25 or higher is usually required.

Creditworthiness and Financial History: Lenders assess both personal and business credit histories, making it essential to maintain solid credit scores and financial records.

Type of Commercial Loan: Different types of loans (e.g., traditional bank loans, SBA loans, bridge loans, and commercial mortgage-backed securities) suit different needs and property types.

The Unique Market of Double Bay, NSW

Double Bay, known for its upscale vibe and proximity to Sydney's central business district, offers a premium real estate market with a mix of high-end retail and boutique office spaces. Whether you’re considering a retail storefront in the bustling Bay Street area or looking to secure office space with a view, Double Bay presents unique opportunities—and challenges.

High demand and limited space make property values relatively high, impacting the loan amount and terms that lenders might offer. Furthermore, Double Bay’s exclusivity and appeal as a destination can influence rental yields and property appreciation, making it a lucrative yet competitive market for investors.

Choosing the Right Lending Partner for Commercial Property in Double Bay

Finding the right lender is crucial, especially in a high-value market like Double Bay. Banks, credit unions, and specialized financial institutions each offer different loan packages, and each option may vary in terms of flexibility, interest rates, and terms.

Banks: Traditional bank loans are often favored for their stability and predictable rates, though they may require more documentation and a longer approval process.

Non-Bank Lenders: These institutions might offer more flexible terms and quicker approvals, which can be beneficial in competitive real estate markets.

Broker Assistance: In a competitive area like Double Bay, using a mortgage broker can be helpful to identify niche lenders and products suited to your specific needs.

Pros and Cons of Investing in Commercial Properties in Double Bay

Investing in Double Bay’s commercial real estate market offers exciting advantages, such as high foot traffic, affluent clientele, and premium property values. However, it’s essential to weigh these benefits against potential challenges:

Pros: High rental yields, strong capital growth potential, and prestige associated with the location.

Cons: Higher upfront costs, stringent lending criteria, and potential vacancy risks in a competitive market.

Ready to Explore Your Options?

Whether you’re a business owner seeking a new retail space or an investor eyeing commercial property in Double Bay, securing the right financing is key. For a deeper dive into options specific to commercial property lending in Double Bay, NSW, explore our detailed guide here.

[miqenergy]

Affordable Solar Energy Sydney What You Need to Know

Whether you want to save money on electricity costs or play a role in combating climate change, solar energy is a smart option. In Australia, homeowners can access government incentives and financing options that make solar power more affordable.

However, it is important to do your research before choosing a solar installer. Unusually low prices may indicate the use of low-quality components that will impact system performance and lifespan.

No Net Cost

With numerous government incentives and financing options, affordable solar energy Sydney offers homeowners a cost-effective solution to rising electricity costs. Typically, homeowners can save up to 80% on their electricity bills and even eliminate them altogether. In addition, solar systems can help reduce carbon footprints and add value to properties.

The size of your solar system will determine how much you save on energy bills, and how quickly you can pay off your investment. The best choice depends on your household’s energy consumption, roof orientation, and other factors such as shading.

If you’re considering solar power, look for a provider that can provide detailed calculations and advice on the right size of system for your home. Also, look for a company that can offer excellent workmanship and customer service.

Government Rebates

The NSW government offers a number of rebates for solar power systems. The eligibility criteria vary by system size and location. For example, a household with a pensioner concession card or Department of Veterans’ Affairs gold card can receive a free 3-kilowatt solar system.

This rebate is designed to help low-income households save money on electricity costs by reducing their reliance on the grid. It also helps alleviate the financial strain of rising energy prices.

The national solar subsidy is a great way to reduce the upfront cost of a 6.6kW system by up to $2,300! This rebate is offered by the Clean Energy Council and requires your system to be installed by a CEC accredited installer. It also must use CEC-approved components and meet safety standards.

Low-interest Loans

While the upfront cost of Solar energy Sydney systems can seem high, it is often easier than you think to pay for them with a green loan. Many banks and lenders offer lowinterest loans that allow you to save money on your energy bills, while contributing towards a cleaner environment.

Many government incentives, rebates and financing options make transitioning to solar power more affordable for Sydney residents. This includes the Small-scale Renewable Energy Scheme (SRES) and solar feed-in tariffs offered at a state level.

Low-interest loans are also available through organisations like Parker Lane, Brighte Finance and Plenti. These offer a seamless financing experience, quick approvals and personalised loan terms that suit your budget. They also offer $0 upfront options so that you can start saving on your electricity bills sooner.

Green Loans

Green loans are financial products that can be used to finance eco-friendly projects, such as solar panels, home battery systems or double-glazed windows. They often offer lower interest rates than personal loans and credit cards, making them a costeffective way to fund sustainable upgrades.

A solar green loan can be a great option for Australian homeowners who want to finance the upfront costs of their solar energy system. These loans typically feature low interest rates that are comparable to traditional home loan rates, allowing borrowers to make affordable repayments.

A favourable rate on a solar and battery system can help make the investment cash flow positive from day one, so you’ll be saving money immediately. 1KOMMA5deg partners with Plenti to provide Australian homeowners with access to competitive and flexible solar financing options.

Reputable Installers

The reputation of installers is an important factor to consider when choosing a solar energy system for your home. Look for testimonials from past clients and contact potential installers to ask questions. Ensure they have valid certifications and any roofing or electrical licenses needed for the work you need done. It is also a good idea to have your final two or three installer choices visit your home and survey the size of the system you are considering.

Solar energy costs are at an all-time low and government rebates can significantly reduce upfront installation fees. A 6.6kW system can generate around 20 kilowatthours per day in Sydney, providing a strong return on investment for homeowners.

This is especially true with electricity prices increasing nationwide.

[swagsuitking]

Campbelltown Conveyancers

Understanding Property Conveyancing in Sydney

Property conveyancing is a crucial process in Sydney’s real estate market, ensuring a smooth and legally compliant transfer of property ownership from the seller to the buyer. Whether you’re buying, selling, or refinancing a property, understanding the intricacies of conveyancing can help you navigate the process more efficiently. This article delves into the key aspects of property conveyancing in Sydney, focusing on contract reviews, property transfers, and refinancing.

The Role of a Conveyancer in Sydney

A conveyancer is a licensed professional who specializes in managing the legal aspects of buying, selling, and transferring property. In Sydney, the role of a conveyancer is to ensure that the transaction adheres to legal standards and that all necessary documentation is in order. Their duties include conducting title searches, preparing and reviewing contracts, managing the settlement process, and ensuring that all government and legal obligations are met.

Sydney Property Conveyancing: The Importance of Contract Reviews

One of the most critical services offered by conveyancers in Sydney is contract review. Before purchasing or selling a property, it’s essential to have a thorough understanding of the contract. This document outlines the terms and conditions of the sale and includes details about the property, the purchase price, settlement dates, and any special conditions.

A contract review service in Sydney is designed to protect your interests. The conveyancer will scrutinize the contract for any unfavorable clauses, ensure that all necessary inclusions are accounted for, and advise you on any potential risks or legal issues. This process is especially important in Sydney’s competitive property market, where contract terms can significantly impact your investment.

The Property Buying and Selling Process in Sydney

The process of buying or selling a property in Sydney involves several steps, each requiring careful attention to detail. For buyers, the process typically begins with securing financing and conducting property searches. Once a suitable property is found, the buyer makes an offer, and a contract of sale is drawn up. This contract must be reviewed by a conveyancer to ensure it accurately reflects the agreement and protects the buyer's interests.

For sellers, the process involves preparing the property for sale, including obtaining the necessary documentation and disclosing any known issues with the property. The seller’s conveyancer will prepare the contract of sale and manage the settlement process, ensuring that the title is transferred correctly and that the sale proceeds are distributed as agreed.

Property Transfer and Title Transfer in Sydney

Transferring property ownership in Sydney requires a formal legal process known as title transfer. This process is managed by a conveyancer who ensures that the transfer is conducted according to New South Wales property laws. The title transfer process involves verifying the property’s legal status, ensuring that all outstanding debts and taxes are settled, and lodging the necessary documents with the NSW Land Registry Services.

For those refinancing their property, the conveyancer will also handle the property loan refinance process. This involves renegotiating the terms of your mortgage or switching to a new lender, with the conveyancer ensuring that all legal requirements are met and that the title is updated to reflect the new loan arrangements.

Why Use a Conveyancer in Sydney?

Using a professional conveyancer in Sydney is essential for anyone involved in the property market. Their expertise ensures that the complex legal processes involved in property transactions are handled efficiently and that your interests are protected at every stage. From contract reviews to property transfers and refinancing, a conveyancer’s role is to make the property buying, selling, and transferring process as smooth as possible, allowing you to focus on your investment with confidence.

In conclusion, whether you’re buying, selling, or refinancing a property in Sydney, enlisting the services of a qualified conveyancer is a wise investment. Their expertise will guide you through the intricate legal landscape, ensuring a successful and stress-free property transaction.

Visit here: https://wisdomconveyancing.com.au/

[24dailyblog]

Property Spruiker-linked Land Banking Companies wound up

A group of companies linked to notorious property spruiker Henry Kaye’s failed land banking schemes, that fleeced millions of dollars from mum and dad investors, have been successfully shut down by Australia’s financial watchdog.

Federal Court orders issued this week will wind up, “in the public interest,” five companies used by Kaye, his lawyers and business associates to scam investors of as much as $100 million.

All five companies were linked to the slickly-promoted land banking schemes in Melbourne's outer west and Bendigo, part of a network of scams across Victoria, Queensland and Western Australia, revealed by The Age in early 2015.

The Australian Securities and Investments Commission (ASIC) successfully applied for Federal Court orders to wind up Brookfield Riverside, Bilkurra West, Bilkurra South, and Gillies Road, claiming the companies were insolvent.

Money raised from investors was transferred between the companies without any concern for the investors and had largely disappeared, ASIC claims.

The regulator is still untangling a complex web of companies, trusts, loans and properties that were behind the schemes as part of its probe into land banking.

None of the scheme’s many investors, who were sold “options” over empty farms and rubbish dumps, have had any of their missing millions returned.

A fifth company, Project Management (Aust) which was used to control the other companies, was also wound up.

Its directors Michael Grochowski and Ian Stephens will face court in September after ASIC sought to have them disqualified from managing corporations.

In 2016, the financial watchdog obtained 10-year banning orders against another pair of notorious spruikers, brothers Jamie and Dennis McIntyre, who promoted the land banking scams.

Over a period of several years from 2011, Kaye and his associates flogged the high-risk "options" on yet-to-be-developed housing projects to gullible real estate investors, before making off with millions.

One Kaye associate and senior lawyers from the law firm formerly known as Clamenz Evans Ellis, which helped facilitate the land banking operation, have also been linked to the alleged Plutus tax fraud syndicate in NSW along with Adam Cranston, son of Australian Taxation Office deputy commissioner Michael Cranston.

Other Clamenz lawyers, Daniel Clarke, Darren Eliau and Ben Skinner, were summonsed last year for public examination in the land-banking case. There is no suggestion they were linked to the Plutus syndicate.

The Belarus-born Kaye amassed a fortune from get-rich seminars in the early 2000s. His wealth education empire collapsed in 2003 owing 3500 investors up to $60 million.

ASIC is hoping to build a case against Kaye but it appears he has disappeared, taking much of the land-banking riches with him.

[federalcourtjustice]

Property Spruiker Henry Kaye's Associates Face Public Grilling over Land Scams

Lawyers, developers and business figures linked to notorious property spruiker Henry Kaye face their first public grilling over the land banking scams into which mum and dad investors tipped as much as $100 million.

Liquidators on behalf of the corporate regulator will publicly examine 10 key players behind two failed development schemes proposed for Melbourne's outer west and Bendigo and were part of a network land-banking scams across Victoria, Queensland and Western Australia, revealed by The Age in early 2015.

The Australian Securities and Investments Commission (ASIC) is now seeking to untangle the complex web of companies, trusts, loans and properties behind the schemes as part of its ongoing probe of land banking.

Among those to be examined are senior lawyers from the firm formerly known as Clamenz Evans Ellis which is also linked to the alleged Plutus tax fraud syndicate scam in NSW along with Adam Cranston, the son of Australian Tax Office deputy commissioner Michael Cranston.

Clamenz's Sydney-based tax lawyer Dev Menon was one of 10 people arrested this month over an allegedly fraudulent scheme that skimmed $165 million in taxes through a network of payroll businesses.

Other Clamenz lawyers summonsed for public examination in land-banking case are Daniel Clarke from Sydney and Darren Eliau from Melbourne.

Clamenz Evans Ellis lawyers were central to the land banking operation including as directors of key companies involved.

Kaye's sister Julia Feldman, who often oversaw the marketing of the schemes, as well as long-time Kaye associates lawyer Colin Adno and project manager Michael Grochowski also face questioning.

So too does Sydney accountant Ian Stephens. He was a director of one of the Melbourne-based land-banking companies and also is a director with Adam Cranston of the private equity company Synep in Sydney. Mr Stephens has not been charged in relation to the alleged Plutus fraud and there is no suggestion he was in any way involved.

Kaye – whose role in the scams was hidden behind secretive trusts and financial deals – has not yet been called for public examination. However, the court has also ordered lawyers to produce an array of documents including communications with lenders to the projects, which would include Kaye.

The Belarus-born Kaye amassed a fortune from get-rich seminars in the early 2000s. His wealth education empire collapsed in 2003 owing 3500 investors up to $60 million.

Some of that money is believed to have been sunk into Melbourne's sprawling western fringe where Kaye and his associates worked up their new strategy for fleecing gullible real estate investors – high-risk "options" on yet-to-be-developed housing projects.

In manipulative seminars from 2011 to 2014 they flogged glamour development projects like Foscari (an "iconic architectural masterpiece") and Veneziane (the "Toorak of the West").

Years after it was first marketed, the Foscari site in Truganina remained a disused rubbish dump, the Veneziane site paddocks in Melton.

In April 2016 ASIC succeeded in having two of the land-banking companies wound up, arguing the companies were insolvent.

In his findings Federal Court Justice Beach identified Kaye as a beneficiary behind the Foscari scheme, reaping up to 60 per cent interest from loans he had made via a company called Bourke & Queen Mortgages. Clamenz lawyer Darren Eliau is listed as an original director of the company.

Investors sunk tens of millions of dollars into the schemes, much of which now appears lost in an impenetrable maze of secretive trust accounts. The land-banking scams highlight the widespread use of trusts in Australia to both avoid tax and reduce transparency.

The public examination of the 10 witnesses later this year was sought by liquidators Nicholas Martin and Craig Crosbie on behalf of ASIC.

[sinewavesolar]

Federal Solar Tax Credit and Other Rebates For Solar Panels

The Federal solar tax credit is a valuable incentive for homeowners considering solar. It reduces the amount of federal taxes you owe dollar-for-dollar. It can also be carried forward into future years.

Many states offer incentives to go solar that work in conjunction with the Federal solar tax credit. These state-level incentives include performance-based incentives, which pay homeowners a per-kilowatt-hour payment for the energy they produce.

Federal tax credit

The federal solar rebate tax credit, or Investment Tax Credit (ITC), has been instrumental in driving the solar industry’s growth in the United States. This non-refundable credit offsets your income tax liability dollar for dollar, and any remaining amount is “rolled over” to the following year.

In addition to the federal ITC, many states offer their own upfront rebates to help homeowners reduce their solar costs. The exact amounts vary from state to state, but they generally don’t reduce your federal tax credits.

The federal ITC currently stands at 30%, and it is set to decrease to 26% in 2032 unless Congress decides to extend it again. If you want to claim this credit, consult a licensed tax advisor to create a gameplan. The IRS requires that you report any other incentives you received in the same tax year. These may include electric utility rebates or renewable energy certificates. The total cost of your system should also take into account any improvements you made to facilitate installation, such as electrical box upgrades.

State tax credit

There are many solar incentives that can be offered by the state and local government, utility companies, and equipment manufacturers. These credits or rebates are often based on the size of your system and the amount of electricity it produces. They can help you offset the cost of installation and save money over time.

New York offers a variety of solar incentives through its NY-Sun program, including a state tax credit that can be claimed in addition to the 30% federal tax credit. The credit is worth up to $5,000, and it can be taken from your income taxes in the year you install your solar energy system.

The state tax credit is available for homeowners who install photovoltaic systems that are connected to their primary residence. The credit can be carried over for up to 10 years. This incentive is in addition to the federal tax credit and net metering policies. These incentives can make going solar even more enticing.

Net metering

In some states, solar panel owners can benefit from net metering. Under this policy, you can "sell" excess energy to the grid in exchange for credits on your utility bill. These credits are worth the same amount as a kilowatt-hour of electricity you would have bought from the utility company. You can also bank these credits and roll them over from month to month.

Many utilities use this system to compensate solar panel owners for the clean energy they produce. However, some have started to change their policies. The most famous example is California's switch to net billing, which changed the value of solar electricity sent to the grid.

These changes are driven by the desire of utility companies to reduce their costs. In their view, the two-way flow of solar power causes them to incur unnecessary capital expenses to maintain distribution infrastructure. In addition, they argue that net metering shifts energy costs from wealthier homeowners to low-income residents.

Cash rebates

Whether it's from your local utility company, state government or solar rebate nsw equipment manufacturer, rebates help lower the cost of installing a home solar energy system. They can also reduce your energy costs and speed up your solar panel payback period. These incentives are designed to encourage the broader adoption of solar energy. These programs come in many forms, including cash rebates, property tax exemptions and solar energy loans.

Some states offer a performance-based incentive (PBI), where homeowners are reimbursed for the electricity they send to the grid over time. This type of rebate may or may not affect taxable income, so it's important to consult with a licensed tax professional before claiming this incentive.

Some installers also offer rebates on their own, which can further decrease the cost of your system. To find the best rebates, make sure to compare multiple quotes from different solar companies. Some manufacturers offer limited-time rebates for new customers. This is a great way to get the most out of your investment.