Australian Finance Podcast Property Q&A: Help, I'm scared by interest rates, does landscaping improve values and first home super scheme
Apr 5, 2024
Owen Rask and Chris Bates discuss the impact of landscaping on property value, navigating higher interest rates, the First Home Super Saver Scheme, adding granny flats, first-home buyer incentives, and the timing of buying. They provide insights on maximizing property value, equity release, debt recycling, interest rate forecasts, regional property markets, and offer various financial services through the Rask network.
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Landscaping As High-Impact Renovation
- Invest in thoughtful landscaping because it can noticeably boost street appeal and living enjoyment.
- Prioritise low-maintenance, high-impact plants to avoid turning gardens into a deterrent for buyers.
Personal Story: Overcapitalised Garden Payoff
- Chris described overcapitalising on landscaping at his previous property and watching it flourish after a year.
- He contrasted a transformed backyard with its prior state that felt unusable.
Think Twice Before Building A Granny Flat
- Think carefully before adding a granny flat; consider CGT, rental income tax and lifestyle impacts.
- Avoid building one if it may reduce future buyer demand or complicate your capital gains exemption.