Auction clearance rates for properties in Sydney have been above 80 percent in recent months. The number of property sales in Sydney has risen to an all-time high, making it clear that it is a seller’s market. If you wish to take advantage of the current real estate market, you may be tempted to list your property right away, but experts advise waiting until the very last minute.

The founder of Dream Design Property, Zaki Ameer, specializes in real estate investment and is an author. His property portfolio was worth over $3 million within a few years, and he continues to acquire properties.

DDP, a property investment and development company, was founded by him in 2011. Zikai has helped countless people in this situation after the wrong time was selected for the sale of their property.

If you are going to sell your property, it is best to do it as soon as possible, but here are some things to keep in mind:

1. When will you have to pay capital gains tax? To figure out whether or not you have to pay capital gains tax (CGT), you must estimate the value of the property you plan to sell. You are charged CGT when your property is sold, not when you sell the property. Depending on several factors, this can often be a substantial amount, significantly decreasing your profits.

CGT is often not considered until after the closing and often leads to much higher costs than anticipated, making the deal unprofitable.

2. What will you do with the profits? Perhaps selling your property could enable you to invest in another property or to start a new business with the profits. However, only if the money is going toward expanding your portfolio or starting a new venture. Be sure to examine the future return on investment before making a decision to sell. 

3. How many empty properties do you own? If you hold onto your property for more than two months, that indicates a bad investment. If you are looking to sell, that should always be your last resort. The best course of action, in this case, is to sell up here and move into a more profitable investment.

4. Currently, the market is performing well. Record-breaking property prices are being experienced in some major Australian cities, making now a great time to buy. Selling at a low point in the market is never advisable. Additionally, you can leverage a higher price for your property by researching the level of demand in your chosen suburb.

5. Your equity is how much you own against your loan. A person’s equity is defined as the difference between their mortgage and their property value. Based on your financial circumstances and your lender’s approval, you may use the equity in your loan to fund other endeavors. Continuing to do this for a long time will make you more likely to pay more on your loan due to a lack of equity. If you run out of equity, you might consider selling the home.

He is the founder and CEO of Dream Design Property. The company provides clients with ongoing,
Personalized service adapted to their changing needs and circumstances. Kickstart is a new program launched recently by DDP that aims to provide affordable housing for Gen Ys. 

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