by N E Renton (published by
This work explains investment in residential, commercial and industrial property. It fills a vacuum in Australian literature as modern books dealing with property investment in a serious way are a rarity.
The book's explanations of general investment principles will help all investors, from beginners to seasoned professionals.
The greatly expanded fourth edition of this popular work discusses all the pros and cons of investing in property.
It is important that investments should always be matched to the needs, circumstances and objectives of the investor. In this context the relative advantages of investing in real estate directly or through unit trusts are compared. The differences between residential and non-residential property are analysed.
The current rules governing income tax and capital gains tax in relation to property investments and both positive and negative gearing are presented in a simplified way.
The book also deals with important contemporary issues which investors simply cannot afford to ignore - such as the goods and services tax and how to make best use of the Internet.
The advantages and disadvantages of self-management are examined. Other important topics covered include strata titles, leases, dispute resolution, risk and reward, reverse mortgages and redevelopments.
The sections on investing in property indirectly through property trusts and on how to get the best out of real estate agents have been greatly expanded.
Diverse subjects such as property investment as a viable alternative to superannuation and the effect of the Internet on the space requirements of tenants are explored.
Other topical issues dealt with range from the taxation of overseas income to buying off the plan, from stapled securities to split loans, and from old-fashioned company share schemes to modern scams. Aspects such as the ideal land-to-building ratio and the best way to assist adult children to acquire a home are dealt with.
Several helpful checklists are included and about 300 technical terms are defined in a specially prepared glossary.
A comprehensive alphabetical index enhances the text and allows both market enthusiasts and persons with a "need to know" to locate all aspects of interest to them very readily.
Malcolm Gray contributed the Foreword.
Paul Kazzi, a reader, wrote to the author:
"I bought your book last week. I must say it really filled a hole in the market. I have a couple of other publications about the same topic, but your one is the most thorough and is definitely a reference guide.
"It is organised superbly in point form which makes cross referencing very easy. The way you analyse quantitatively and qualitatively really sets this book apart from the rest."
480 pages 9781920910044 RRP $A39.95
Review of the Third Edition by Travis Morien:
Review of the Third Edition by Andrew Scott:
1 Marginal Income Tax Rates for 2003-04
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