How Investing In Property Is Better Than Any Other Form Of Investment?

How Investing in Property is Better than Any Other Form of Investment?

by

Aarika Rastogi

Investment property is different from residential property because it is purchased with the objective of gaining a return. This type of property is meant for rentals and can be in any form such as an apartment building, a duplex, a single-family house, commercial property or a vacant land. Investing in property is considered to be a profitable venture and more and more people now prefer investing in property instead of the share market.

What makes property investment a good idea is that an investor can borrow maximum value of the property and get the tenant to cover the mortgage payments through rent. It is an effective wealth creation strategy and facilitates financial security in the future. Moreover, there is lesser risk in investing in property as compared to the shares. Those who own rental properties have to be careful with their investment decisions and should take help of a professional for rental property management. With the help of proper rental property management, one can maximise the return on investments.

There are numerous benefits of investing in property instead of shares and stocks:

[youtube]http://www.youtube.com/watch?v=3Uiw2Eu6_WM[/youtube]

1.Lesser risk than stocks and shares- Properties can never go out of fashion. No matter what the market conditions be, people would continue to buy and rent properties to fulfil their housing and commercial needs. Investment property is a safe bet in the current economic conditions and with property being a real and tangible asset, it will always be in demand and can be sold in the market. On the other hand, shares and mutual funds can lose their value when the stock market crashes and you can lose all your invested money overnight.

2.Double income- Through proper rental property management, you can earn extra income because the value of property is bound to increase over time, due to a favourable economy and population growth. So it is likely that the current price of your investment property may be higher than the price at which you bought the property.

3.Leveraging- It refers to using the money of others for your own financial benefit. Investing in property allows you to take that advantage. A property investor can maximise his wealth by leveraging his money to buy investment property.

4.Taxation benefits- Investment property owners can enjoy the liberty allowed by the Australian Taxation Office (ATO) in terms of taxation. An investment property is tax deductible, so if you are a property investor you can claim a tax deduction for the expenses that incurred in buying the property and its management.

However, to enjoy these benefits of investing in property, you have to be very careful about where to invest and when. While share market is highly volatile and fluctuates too often, real estate market is also not untouched by price fluctuations and uncertainties. While purchasing an investment property it is important to consider the following points- location of the property, current price and forecasted future price, population in the area, growth prospects, transportation facilities in the region, whether the expense on the property are higher than the returns and the risks involved in buying the property.

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Article Source:

ArticleRich.com

Peter Andren, Australian MP dies aged 61

Sunday, November 4, 2007

Australian federal member of Calare, Peter Andren died on Saturday after a short battle with pancreatic cancer. He was aged 61.

Mr Andren who had held the seat since being elected in 1996 had previously announced his intention to run for the senate after his electorate was changed for the 2007 federal election. After Mr Andren was diagnosed with cancer in July, he announced that he would be retiring from politics at the election.

Mr Andren’s 1996 campaign platform was based upon retaining services in regional Australia, particularly banking, health and telecommunications. Over the next 11 years, Mr Andren’s primary vote grew and at the 2001 and 2004 elections was elected without preferences, achieving a majority primary vote.

In 2001, Mr Andren disagreed with his electorate on refugees. The electorate supported the government’s tough stance but Mr Andren could not support the government’s border protection measures. Following this, a vicious letter-box campaign rose up saying “you might like Peter Andren … but you won’t like what he’s got to say about keeping our borders safe”.

Fellow NSW independent member, Tony Windsor said Mr Andren’s stance on asylum seekers was just one sign of his compassion and strong belief in human rights.

Mr Windsor described Mr Andren as the “conscience” of parliament. “Peter Andren was a true representative of the people of the Calare electorate, a man of the highest integrity and the conscience of the Parliament,” he said.

“He was subjected to vitriol from time to time within the Parliament over issues, but if he believed in something he stuck to it. He didn’t compromise and I think that’s a lasting legacy that Peter will leave.”

Prime Minister John Howard said despite having a difference of opinion with Mr Andren on many issues, he had a lot of respect for him.

“I respected his skills as a local member,” he said.

“Mr Andren and I frequently disagreed on major issues and he made no bones about that and I made no bones about it either but that didn’t stop me respecting him and acknowledging the tremendous work he did for his electorate.”

Labor leader Kevin Rudd described Mr Andren as a true independent.

“Peter Andren will be a great loss to the Australian parliament,” he said.

“He was a man of principle, a man of commitment, a man who was an absolute independent.”

Leader of the Greens, Bob Brown said Mr Andren was an example of how a politician should be.

“He was an exemplar of representative politics for his electorate and the people of Calare kept returning him with a bigger and bigger majority,” he said.

“[If] anybody ever asks me how a politician should be, I am going to say, ‘Look at the record of Peter Andren'”

“He was a great Australian representative and he is a great loss to this country.”

During his political career, Mr Andren fought the sale of Telstra, introduced a bill to allow MPs to opt-out of their generous superannuation schemes, opposed the Iraq war and campaigned on environmental issues.

Mr Andren was born at Gulargambone, near Dubbo in Western NSW in 1946. Before he entered politics Mr Andren worked as a teacher before moving into journalism. Mr Andren worked as a news producer in Sydney for the Seven and Nine networks, before moving back to regional NSW where he worked as the news editor for both Radio 2GZ and Prime Television.

Mr Andren is survived by his partner and two sons.

Retrieved from “https://en.wikinews.org/w/index.php?title=Peter_Andren,_Australian_MP_dies_aged_61&oldid=4501771”

First winter snowfall in New Zealand

Saturday, June 4, 2005

Overnight Friday a Southerly storm brought snow to both the Southern Alps and the central North Island mountains of New Zealand for the first time this year, closing major roads and stranding travellers at the start of the Queens Birthday holiday weekend. Police and the AA urged motorists to drive with extra care and to the conditions this weekend.

In the North Island, State Highway 1 between Waiouru and Rangipo, the Desert Road was closed by deep snow at 3 PM on Friday afternoon. Other roads in the area, including other parts of State Highway 1 between Bulls and Turangi, State Highway 4, via National Park, and 49, via Ohakune, were closed at 8 PM.

These road closures stopped all traffic through the centre of the North Island. About 200 travellers were reported to have spent the night at the Waiouru Army Camp, being accommodated in the Marae and the Barracks. Grit trucks and snow ploughs worked overnight to clear the snow and reopen roads, with the Desert Road finally being reopened about 12:30 PM Saturday.

Together with a slip threatening to close State Highway 3 in the Manawatu Gorge and damage to State Highway 2 after floods in the Bay of Plenty a couple of weeks ago, the only reliable alternative route for travellers around the North Island was via Wanganui and Taranaki.

In the South Island, Police and the AA advised that chains were essential when travelling over the mountain passes.

Yesterday, Mount Hutt skifield announced it would be opening Saturday morning. Early Saturday morning, skiers were reported to be queuing at the gates of Mount Hutt skifield, eager to get the first opportunity to hit the slopes in 2005. Other South Island ski fields were also indicating June opening dates.

The weather outlook is for cold southerly winds and rain over the Queens Birthday holiday weekend, with snow down to 400m in the South Island.

Retrieved from “https://en.wikinews.org/w/index.php?title=First_winter_snowfall_in_New_Zealand&oldid=1682826”

Ontario Votes 2007: Interview with Progressive Conservative candidate Jim Chapman, London-Fanshawe

Tuesday, September 25, 2007

Jim Chapman is running for the Progressive Conservative of Ontario in the Ontario provincial election, in the London-Fanshawe riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Progressive_Conservative_candidate_Jim_Chapman,_London-Fanshawe&oldid=519021”

Summer Knitting

Do you knit and crochet during the summer months? It is one great divide we come across in crafting. Some people pack away their yarn projects as the barometer rises while others plan on taking their knitting to the beach.There is no reason whyknitting and crochet can’t be all year round activities but you may need to plan differently for the summer months. We have few tips on enjoyable yarn crafting for the summer months.Fibre choiceIf you are worried about getting sticky hands during the summer, choosing the fibres in your yarn carefully can make a big difference. Avoid hairier yarns like mohair or brushed yarns because there will eb more rubbing from the fibres as they pass through your hands making them hotter and potentially felting.

Instead choose your yarn as you do your summer clothes – other natural fibres such as cotton, linen and even bamboo are as good choices for knitting as wearing. These option are often very smooth so will slide through warmer hands more easily.

One thing to remember about cotton and similar yarns is they can stretch or drop because the smoother fibres don’t stick together as much as wool. So take time to make a swatch and wash it before you start.Yarn weightFiner yarns such as 4-ply and laceweight can be a good summer choice because there is less yarn actually going through your hands and your growing project is likely to be lighter and airier. A chunky wrap pooling in your lap in mid-summer is not that pleasant. However, be realistic – I’m not sure hand painted cashmere/silk laceweight and the beach really mix.

Needles and hooksWhat your knitting needlesand hooks are made of can make a difference in how warm your hands feel. If acrylic needles usually feel warm in your hands, they may not be your best choice for summer. Metal can warm up in the sun whereas wood and carbon fibre are less affected by external temperature. Pick needles that generally feel cool or comfortable in your hands.The other factor is how smoothly your stitches move on your needles. Some yarns will stick or slide more on different materials. You will find it more comfortable to choose needles where your stitches slide easily, reducing the chance of generating extra friction and heat.Smaller projectsAs mentioned above with the chunky wrap, a summer’s afternoon is not the best time to work on a man’s chunky jumper that will cover your lap with an insulating layer you really don’t need. Go for smaller and lightweight projects – socks can be a good choice. And the brighter summer light could be perfect for the lacy scarf you’ve been planning.Crocheters might think of making squares or other motifs that can be joined into a blanket in cooler times.Find a good crafting spotSome shade is your friend when it comes to summer knitting as is a light breeze, Find a good knitting spot and stick with it.And most important – enjoy your summer knitting and crochet.

In depth: Buffalo, N.Y. hotel proposal controversy

Friday, May 26, 2006

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

In February of 2006, the Savarino Services Construction Corp. proposed the construction of a seven million dollar hotel on Elmwood and Forest Avenues in Buffalo, New York. In order for the hotel to be built, at least five properties containing businesses and residents would have to be destroyed. It was not certain whether the properties were owned by Savarino or by the landlord Hans Mobius. The hotel was designed by Karl Frizlen of the Frizlen Group, and is planned to be a franchise of the Wyndham Hotels group.

Elmwood Avenue is known by the community as a popular shopping center, and Nancy Pollina of Don Apparel (who is “utterly against” the construction) claims it’s the only reason why students from Buffalo State College leave campus. Additionally, Michael Faust of Mondo Video said he did not want to “get kicked out of here [his video store property].”

In 1995, a Walgreens was proposed to be built on the same land, but Walgreens later withdrew its request for a variance because of pressure from the community. More recently, Pano Georgiadis tried to get the rights to demolish the Atwater House next to his restaurant on Elmwood Avenue, but was denied a permit due to the property’s historical value. He has since been an opponent to the hotel construction.

In the process of debating the hotel, it was thought that a hotel had previously existed on the proposed site, however; research done at the Buffalo and Erie County Historical Society had shown that no hotel had previously existed on the site.

Retrieved from “https://en.wikinews.org/w/index.php?title=In_depth:_Buffalo,_N.Y._hotel_proposal_controversy&oldid=4272668”

Tax Saving Tips For Expatriate Working In Australia

Tax Saving Tips For Expatriate Working In Australia

by

smithcalvin

If you not a resident of Australia and planning to seek an employment here then it is strongly recommended to seek for an expert advice on your Australian taxation obligation . Expatriates working here mostly prone to income tax on their Australian sourced income. Except from your wages and

Salaries it also targets on your dividends that have source within Australia.

Being a resident of Australia you need to pay Individual Tax Services which depends on your circumstances and needs to reviewed case by case basis. If you need to pay Australian income tax it is important to keep in mind that Australian tax finishes by June 30 and you need to lodge an income tax return by 31 October. If you hire a tax agent or account then they are eligible to log your extensions.

[youtube]http://www.youtube.com/watch?v=K0NztfacWRg[/youtube]

If you are expatriates then you need to understand number of consideration when you are negotiating your employment contract as this will help you legally to minimizing your tax. If you are expat and do not have knowledge that how you will minimize you tax then don t worry and continue reading with it as following I am going to these points in detail and I am sure that it will be very helpful for you as I have years of experience in providing Expatriate Tax Services.

Living away from home allowance (LAFHA) and motor vehicles allowance are the two significant tax saving allowance that can comes under \”salary packaged\”. Living away from home allowance is specially made for expatriates to compensate them additional costs of moving resident and it provides them tax break for food and rent same as LAFHA motor vehicles allowance will also be helpful in tax saving for them.

Many Expat are not aware that expenses on deriving your income can also be claimed, like you can claim you depreciation on your internet, professional subscriptions and note book and it will reduce your taxable income. It is important point and mostly people are not aware of this.

You can also reduce your tax by number of tax rebates and it will save your thousands of dollars that you never expect but for that you need to consult a tax expert to assist you well and if you are looking for best and affordable Individual Tax Service provider then you can visit to usautax.com

Superannuation system is compulsory in Australia it is a system whereby your employer is required to contribute a percentage of your income into an Australian registered superannuation fund.

If you find that your employer making these contribution then you can claim it back when you are leaving Australia permanently.

Hoping that all these points will help you in saving your hard earn money.

Thomas M Carden EA JSM Thomas is a director at United States Australia Tax Service. USAUTAX.COM He enrolled to practice before the Internal Revenue Service. He has over 17 years of Tax and Financial Industry experience. If you are looking for Internal Revenue Service or any question for Expatriate Tax Services or you are looking for Individual Tax Services then Article Source: ArticleRich.com

No hotel previously on site of proposed Buffalo, N.Y. hotel location

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Saturday, March 4, 2006

Buffalo, New York —The Common Council requested on Tuesday that a picture be found on what many thought was the site of a previous hotel.

The Proposed Elmwood Village Hotel would be placed on the intersection of Elmwood and Forest. It was suspected by residents and business owners in the area that hotel once stood in the same spot.

The Elmwood Village hotel is a proposed development by Savarino Construction Services Corp. In order for the project to proceed, at least five buildings (1119-1121 Elmwood) would need to be demolished. All five houses are currently occupied by businesses and residents.

After some research, a freelance journalist writing for Wikinews was able to determine that there was never a hotel on the proposed Elmwood Village Hotel site. However; there was a temporary hotel located on the northeast corner of Elmwood and Forest.

Buffalo was the host of the Pan-American Exposition from May 1 until November 2, 1901. It was a fair designed to feature the latest in technology, including electricity. There was a midway, athletic events, and had African, Eskimo, and Mexican villages. However; what is likely the most famous event that took place at the exposition was the assassination of then President William McKinley on September 6, 1901. He was shot by Leon Czolgosz just outside the Temple of Music and died eight days later while in the home of John Milburn on Delaware Avenue in Buffalo. Just a short time later, Theodore Roosevelt was inaugurated on September 14, 1901 at the Wilcox House on Delaware Avenue in Buffalo. Nearly eight million people attended the exposition.

During that time several hotels and rooming houses were built around the exposition including The Elmwood at 717 Elmwood, the Hotel Elmhurst at Forest and Lincoln Parkway, Hotel Gibbs 1005-1021 Elmwood, the R. Palmerton Merritt at 441 Forest and The Norman at 422 Forest. None of these hotels or rooming houses exist today.

Probably the most famous hotel that was built during the exposition was the Statler’s Pan-American Hotel built by Ellsworth Milton Statler A freelance journalist writing for Wikinews has obtained the only known reproduction photo of the hotel [pictured at the top]. The hotel stood on the northeast corner of Elmwood and Forest Avenues in Buffalo, had 2,100 sleeping rooms and accommodations for 5,000. At the time, the Statler was the largest hotel [based on the number of rooms] ever constructed. It was also the largest temporary hotel. It was three stories high, plastered on the inside, made mostly of wood and was covered with ornamental staff on the outside, which made it semi-fireproof. Every room was an outside room and was well lighted and ventilated. It was located within one block of the exposition’s main entrance.

The Statler was built for only one thing, the exposition. Work began in 1900 and finished just before the beginning of the exposition. When the exposition ended in November, the hotel was taken down.

Maps from 1894 show that there was no hotel, let alone any buildings or houses on the intersection. However; research did show that the homes 1119-1121 Elmwood, the buildings that would be demolished to build the Elmwood Village Hotel, were built sometime before 1915 but were not on the intersection prior to 1902.

Based on research conducted at the Buffalo Historical Society, it was concluded that between the years of 1890 and 1902, no other major hotel existed in the area. In fact, research had shown that almost every hotel built in the area, existed only during the time of the exposition.

Research also indicated a hotel or a rooming house at 1089 Elmwood around 1901-1903. The only known name of the hotel was the John C. Hill Hotel. The hotel was in the house now called the Atwater House. The house was the first house to be built on the east side of the block.

The Atwater House is currently vacant and owner Pano Georgiadis wants to demolish it to expand his restaurant. The house was built by 1894 and the original owner and builder of the house is currently unknown. Its earliest known occupant was Edward Atwater who in 1862 founded the oil refinery company of Atwater & Hawes in Buffalo. The site of this company was recently uncovered in the Canal District during an archeological dig.

At the moment, current research does not show any connection between the two men.

The exposition was a commercial failure and what profit Statler did make on the hotel, went to build another temporary hotel for the 1904 St. Louis Exhibition. That hotel was successful and the profit made from it was used to build the first permanent Statler Hotel at 107 Delaware Avenue in Buffalo. The hotel is no longer in operation, but small offices are currently operating in parts of the building.

Retrieved from “https://en.wikinews.org/w/index.php?title=No_hotel_previously_on_site_of_proposed_Buffalo,_N.Y._hotel_location&oldid=1981808”

Lobby groups oppose plans for EU copyright extension

Tuesday, February 26, 2008

The European Commission currently has proposals on the table to extend performers’ copyright terms. Described by Professor Martin Kretschmer as the “Beatles Extension Act”, the proposed measure would extend copyright from 50 to 95 years after recording. A vast number of classical tracks are at stake; the copyright on recordings from the fifties and early sixties is nearing its expiration date, after which it would normally enter the public domain or become ‘public property’. E.U. Commissioner for the Internal Market and Services Charlie McCreevy is proposing this extension, and if the other relevant Directorate Generales (Information Society, Consumers, Culture, Trade, Competition, etc.) agree with the proposal, it will be sent to the European Parliament.

Wikinews contacted Erik Josefsson, European Affairs Coordinator for the Electronic Frontier Foundation (E.F.F.), who invited us to Brussels, the heart of E.U. policy making, to discuss this new proposal and its implications. Expecting an office interview, we arrived to discover that the event was a party and meetup conveniently coinciding with FOSDEM 2008 (the Free and Open source Software Developers’ European Meeting). The meetup was in a sprawling city centre apartment festooned with E.F.F. flags and looked to be a party that would go on into the early hours of the morning with copious food and drink on tap. As more people showed up for the event it turned out that it was a truly international crowd, with guests from all over Europe.

Eddan Katz, the new International Affairs Director of the E.F.F., had come over from the U.S. to connect to the European E.F.F. network, and he gladly took part in our interview. Eddan Katz explained that the Electronic Frontier Foundation is “A non-profit organisation working to protect civil liberties and freedoms online. The E.F.F. has fought for information privacy rights online, in relation to both the government and companies who, with insufficient transparency, collect, aggregate and make abuse of information about individuals.” Another major focus of their advocacy is intellectual property, said Eddan: “The E.F.F. represents what would be the public interest, those parts of society that don’t have a concentration of power, that the private interests do have in terms of lobbying.”

Becky Hogge, Executive Director of the U.K.’s Open Rights Group (O.R.G.), joined our discussion as well. “The goals of the Open Rights Group are very simple: we speak up whenever we see civil, consumer or human rights being affected by the poor implementation or the poor regulation of new technologies,” Becky summarised. “In that sense, people call us -I mean the E.F.F. has been around, in internet years, since the beginning of time- but the Open Rights Group is often called the British E.F.F.

Retrieved from “https://en.wikinews.org/w/index.php?title=Lobby_groups_oppose_plans_for_EU_copyright_extension&oldid=4567795”

Wikinews Shorts: June 12, 2007

A compilation of brief news reports for Tuesday, June 12, 2007.

Ousted prime minister Thaksin Shinawatra may return to Thailand if he wishes, interim Prime Minister Surayud Chulanont and Council for National Security chairman General Sonthi Boonyaratglin said today.

Thaksin’s lawyer, Noppadon Pattama, indicated that Thaksin, in exile since a coup led by Sonthi last year, will soon return to Thailand so that he may appeal the seizure of his assets by the Assets Examination Committee.

Related

  • “Ex-Thai PM Thaksin’s assets are frozen” — Wikinews, June 11, 2007

Sources

  • “Thaksin will return very soon: lawyer” — The Nation (Thailand), June 13, 2007
  • “Thaksin ‘free to return'” — Bangkok Post, June 12, 2007
  • Thai News Agency. “Thaksin can return home: Thai PM, junta chief” — MCOT, June 12, 2007

Royal Malaysian Police Inspector-General Musa Hassan said at a maritime security meeting today that there is a “real and possible” threat of terrorism in the Strait of Malacca, which is shared by Indonesia, Malaysia and Singapore.

The strait, through which passes 40 percent of the world’s trade, has had a drop in incidences of piracy, but Hassan says he fears a LP gas vessel could be commandeered for a suicide mission.

Sources

  • Agence France-Presse. “Malaysia warns of ‘possible’ terror threat in Malacca Straits” — Channel NewsAsia, June 12, 2007
  • Sean Yoong, Associated Press. “Terrorism risk high in Malacca Strait” — Forbes, June 12, 2007
  • “Malaysia sees threat of terror attacks in Malacca St” — Reuters, June 12, 2007

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_Shorts:_June_12,_2007&oldid=724934”