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.
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.
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.
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.
Whether you’re looking at buying a property for an investment or for a home, we’re often asked what type of property is best – and older, existing one, or a brand new or relatively new property? Well, like everything in property, it depends! If you’re looking for a home, one factor will be your.
We recently reported on the potential changes to stamp duty for first time home buyers, which would see significant increases to the threshold. These came into play on Saturday 1 July, with the threshold for stamp duty exemptions increasing from $650,000 to $800,000 and the threshold for stamp duty concessions rising from $800,000 to $1.
According to a recent survey, we are a nation who loves home renovation! Compare Market Australia’s latest research found that Australia had the third-highest search volume for renovation terms, with an overall search term volume of 55.32 searches per month per 100,000 people. New Zealand come in first, followed by Singapore. When renovating a home,.
