Fixtures and chattels explained
There is more to a property than just the bricks and mortar, and whether you’re buying or selling a property, it’s imperative to understand what legally can and can’t be taken by the seller. This is where fixtures and chattels come in. Here we explain what fixtures and chattels are, where they sit in the.
Does depreciation apply to older properties?
Sometimes referred to as ‘capital works deductions’ by ATO, many property investors think depreciation only applies to new properties. However, investor owners of older properties, shouldn’t be so quick to dismiss it, as they could be missing out on some of the associated tax breaks association. What is depreciation? Depreciation is calculated and projected (or.
What are home buyers looking for?
After the location and size of the property, what other features are home buyers currently looking for? Obviously, many features will depend on individual lifestyle choices and preferences. However, we are seeing some changing trends in today’s economic climate and general modern lifestyles. If you’re thinking about making some changes with a view to selling.
One week left to have your say in the Government’s Inquiry into worsening rental affordability
With Anthony Albanese PM recently announcing sweeping housing reforms, describing the changes as ‘most significant in a generation’ the spotlight is definitely on the housing crisis. While rental affordability is impacting many, and as a result impacts housing supply, the cost of living is affecting everyone – landlords included! There are 2.2 million family investors.
3 reasons why you should build a granny flat
A granny flat, or secondary dwelling, is a self-contained accommodation within, attached or separate to an individual home. Like the name suggests, this type of accommodation was originally designed for an older loved one to live independently, but close to relatives in case they need support, while at the same time, giving both parties their.
How to plan your property sale in 3 easy steps
Spring, the traditional time for moving, is just a month away, and there are plenty of reasons why many favour this month for putting their property on the market. With the warmer weather and brighter days, everyone is feeling more energised; in our experience, buyers are much more inclined to go to an open house.
How to make yourself more attractive to lenders
If a friend asks you to lend them $50, you probably won’t be too fussed as to when they pay you back, but if they ask for substantially more, you may be a little more cautious and ask a few more questions about the repayment before putting your hand in your pocket. Financial lending institutions.
What to consider when downsizing
Upgrading may not necessarily mean moving to a bigger house. Downsizing is often associated with retirement or empty nesters, but downsizing has a number of benefits for whatever stage in life you’re at, and can help homeowners achieve lifestyle or financial goals. Downsizing shouldn’t be an impulsive decision, and certainly shouldn’t be done on a.