Industry News

JULIE HARRIS REALTY just keeps growing!

When I made the decision to Julie Harris Realty, I did so because I believed in Julie’s ideals, her goals for her business and the industry and her passion truly aligned with my own.

Who knew I would be such a trend setter! HA!

JHR has just welcomed our next team member – RAD WRIGHT.

With training from some of the best in the real estate industry, and an extensive background in corporate finance; Rad concentrates in the Southern suburbs of Brisbane and Logan helping every day property owners achieve the best possible result when the time comes to sell their home.

Her philosophy is to communicate openly and honestly with her clients, providing great personal service, and following proven systems and processes which deliver outcomes time and time again. With Rad at your side, no issue is ever insurmountable, no problem cannot be solved and no objection cannot be overcome. Her tenacity and expertise will get you over the line whether you are buying or selling with her assistance.

Rad looks forward to helping her clients achieve their goals, allowing them to continue along the path of their dreams.

 

I can’t be more proud to be part of this team!

 


I love my job…

It’s moments like this that truly remind me why I do this job.

It’s not about the property or the commissions. It’s about the people. Their lives, their stories, their families, their dreams.
This beautiful beautiful property has been called home for 25 years, and took center stage on the market for the first time only a few weeks ago. This family invited me into their home filled with so many beautiful memories and trusted me with the sale of their home.

What a delight it was to have been able to achieve this sale with multiple offers, exceeding their price expectations and with a fast turnaround time from when it was listed. Now a new family can call this home and start a new generation of beautiful memories.

What an absolute privilege it has been to be part of this journey and see the (now) previous owners be able to move on to their next life’s adventure.

If you’re looking to downsize, or know someone who is, I’d love to have a chat over a cuppa, hear your story, and help you into your next property dream

 

4 S T O D D A R T S T R E E T, C A R I N D A L EThis beautiful family home, the first time in 25 years to be on the market, is waiting for the next generation of family memories to be made.Come by and say hi TODAY! and see why this property won't be left waiting for long.OPEN – 10:00am and 1:30pm TODAY! -Saturday 21st JulyFor more info check out my websitehttp://www.glennmillarrealestate.com.au/current-listings/ #glennmillarrealestate #No1communityagent #stoddartstunner

Posted by Glenn Millar Real Estate on Friday, 20 July 2018

 


 

We all come to that stage in our life where the kids are grown up (.. and finally left home – yeah) and it’s time to think about downsizing from the big family home to something smaller and easier to manage.  It’s a daunting prospect – where do we go, who do we talk to and what do we do with the surplus money?

The usual questions are : How much will it cost? How long will it take? What do I have to know? Do I have to be a property Einstein to understand what people are saying to me? When it comes to downsizing, the answers to these questions could have a significant impact on how your retirement plans unfold.

Good News – As of 1 July 2018, The ATO has announced changes that will come into effect allowing older Australians aged 65 and over to sell their larger homes and make a non-concessional superannuation contribution of up to $300,000 from the proceeds of selling their home.

 

LET’S BREAK IT DOWN…

 

Why is 65 the golden age?

Those under 65 can already make non-concessional contributions with various conditions. This measure however provides an exception to existing rules and restrictions for those over 65.

What kind of property can be sold?

If your home is any type of dwelling other that a caravan, houseboat or mobile home your property will be eligible PROVIDED you or your partner have owned the property for a minimum of 10 years.

Why 10 years?

While you don’t necessarily have to have lived in the property for the entire time, however it does need to qualify under the “main residence” exemption under CGT test.

Do I have to move to a particular property to qualify?

You are able to enjoy any living situation you choose. The contribution is tied to the successful sale of an eligible property.

How long until I have to make the contribution?

Once the property has successfully sold, you will have 90 days to make the contribution.

How much can I contribute?

You can make a number of different contributions however the total must not exceed the $300,000 threshold.

What about my spouse?

Even if your spouse was not a registered owner of the property, they are able to make a contribution based on the ‘how much’ criteria mentioned earlier

Can I use this for more than one property?

One property can only be eligible in relation to the main residence ruling.

What about my pension?

Downsizer contributions are not exempt from the Age Pension means test, so seeking financial advice is strongly recommended.

What affect does this have on my Transfer Balance Cap?

While the downsizer contribution is exempt from contribution rules, it will still count towards the $1.6M transfer cap.

How can I make my contribution?

Talk to your superannuation fund or financial planner for more information

 

If you may have more questions, need help finding a reputable financial advisor, or want to discuss selling your property, then it’s a good idea to get in touch with the team at Julie Harris Realty.  We can we help you obtain further information to suit your situation and we have agents that specialise in selling your family home as well as showing you a variety of properties to choose as your new home.

Navigating property issues isn’t difficult when you have the right people on your team.