Last year, the ATOs announced it was investigating landlords through its data-matching program for the 2021-22 to 2025-26 financial years. In a recent notice to tax professionals, the ATO said the property management data matching protocol has recently been extended; software providers are now required to give details of rent and expenses for residential rental.
Whether you’re looking to sell for a change of lifestyle, or considering buying an investment property as part of your investment strategy, spring traditionally has been the time when more properties come to market. CoreLogic’s latest analysis shows an average uplift of 18.2% in fresh listings and 8.3% for sales over the past decade. But.
Using an investment property as a short-term rental, such as Airbnb, on the face of it may seem like a profitable option. However, a deeper dive into the operating costs suggests a short-term rental may not be quite as lucrative as first thought; as well as the general costs associated with ensuring the property is.
Insights from CoreLogic’s recent report, – which analyses housing market performance segmented by the number of bedrooms – highlights a growing trend among Australian renters; a shift towards properties with more bedrooms. Potentially reflecting a trend of share houses or multiple family households, the report reveals there is an 8.7% rise in rent for houses.
More people are renting than ever before, with around 33 per cent of the NSW population renting, an increase of 17.6 per cent since 2016. With the cost of living and tight rental market, the NSW Government is intending to introduce new legislation designed to enhance tenant rights and security. To help you make informed.
Investing in property is a business, and like any business, you need to have a strategy in place to ensure success. There are several strategies property investors use. Here, we take a snapshot look at some of them: 1. Buy and hold This is probably the most common investment strategy. It involves purchasing an established.
There’s a new ‘finance provider’ kid on the block! With soaring property prices and stringent lending criteria, finding finance, either through the big banks, or through a broker may be challenging for investors and first-time home buyers alike. This is why Social Funding, a concept developed by the company MyBrix, has been developed. Social Funding.
Whether it’s your home or an investment property, one of the benefits of owning a property is, it will generally increase in value over a number of years. By leveraging your property, you will have access more money. In simplistic terms, leveraging means borrowing more money against your current property’s value as a means to.
Many of you know our Manager of our Property Management Team, Kellie Andriessen, who has worked with us for 35 years, constantly goes above and beyond, and delivers an amazing service to our landlords, but now her property management skills and talents have just been recognised at a state level. We are absolutely delighted she.
With the recent heavy rainfalls, we thought it timely to take a look at what landlord insurance may cover in terms of water damage. Unexpected events such as heavy rainfalls can lead to property damage that may require insurance claims to cover the cost of repairs. Damage caused by water leaks include water stains on.
