With property prices increasing, some investors may be tempted to sell their property. However, the money you get in your back pocket may not be as much as you may think; as well as the costs associated with selling the property, investors will need to factor in Capital Gains Tax (CGT). CGT is the tax.
Despite the rise in interest rates and cost of living, the latest CoreLogic Housing Chart Pack report shows national home values rose 2.2% in the three months to September; while this is down slightly from the 2.4% growth over the three months to August, house prices are still up on this time last year. With.
Purchasing a property for an investment is very different from purchasing a property for you to live in. It does take some careful planning and research, and the first step to buying an investment property is knowing what makes a good one. Here are four aspects you need to consider when searching for the right.
Whether it’s one year or 20 years, moving house is stressful. As well as the packing being physically draining, there is the associated paperwork to consider too – cancelling services, organising a mail redirection, notifying organisations of your change of address…. And what do you do with your plants?! It’s easy to get overwhelmed, but.
Do you know your adjustments and your zoning? Or what the difference is between tenants in common and joint tenants? If not, then read on! Read our A to Z of some terms commonly used in the conveyancing process. A Adjustments: In layman’s terms, this is the calculation of who owes what for rates and.
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.
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.
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.
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.
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.
