Lot’s of property news and data over the last week. The biggest stories concerned the Stage 4 Lockdown in Melbourne and how this would affect our property markets and the economy. Australian housing values racked up a third consecutive month of slight declines in July, with CoreLogic’s home value index dropping 0.6% over the month, […]
Read MoreThe COVID-19 pandemic has placed property owners and tenants in unforeseen circumstances. Many tenants are paying reduced rent or have ceased paying because their income has been adversely affected by COVID-19. You should include rent as income at the time it is paid, so you only need to declare the rent you have received as […]
Read MoreCapital Gains Tax was introduced in Australia in 1985 and applies to any asset you’ve acquired since that time unless specifically exempted. According to the Australian Tax Office, a capital gain or capital loss on an asset is the difference between what it cost you and what you receive when you dispose of it. You […]
Read MoreLot’s of property news and data over the last week. New home listings have blown out in Sydney as sellers are feeling more confident. Dr Andrew Wilson has been reporting this for a few weeks and now Domain data shows that the level of new listings of properties for sale rose 46 per cent over […]
Read MoreBeing good with money is a skill you can learn. Some people complain they aren’t very good with finances — they argue they don’t have a head for numbers — but I believe everyone can become wealthy if they know how. Part of it comes down to smart investments, sure, but the other, equally important part, […]
Read MoreWe are being attacked by a silent enemy that understands the same principles that strategic property investors use – the power of compounding and leverage. As investors we realise that capital growth, leverage and time are our friends as our assets grow exponentially – compounding and leverage gives us growth on our growth. Unfortunately it’s […]
Read MoreThe banks are increasingly taking their foot off the brake on home lending, particularly for ‘riskier’ loans, according to APRA’s recently released quarterly banking figures. The banking regulator’s data shows new residential home loans to borrowers with a high debt-to-income ratio increased by 22.3 per cent between the September and December 2019 quarters. Low deposit […]
Read MoreEvery year at tax time I wonder whether property investors are the only people in Australia who look forward to submitting their tax return! That’s because property investment not only provides us with the ability to create long-term wealth through the purchase of income-producing assets, but our tax system allows us to claim legitimate expenses […]
Read MoreOne of the major reasons why we fail to find happiness or to create unique lifestyle is because we have not yet mastered the art of being. While we are home our thoughts are still absorbed with solving the challenges we face at the office. And when we are at the office we find ourselves worrying […]
Read MoreWhy invest in property? There are lots of ways to make money and some people would argue that real estate investing isn’t really that easy. They complain that it takes time to develop the knowledge to understand the property market. It can take months to research areas and find the right investment property. Then when […]
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