For the first time in a few years, the economic situation is looking relatively stable for those who are interested in buying a property. Last month, the RBA decided to leave the cash rate target unchanged at 3.85 per cent, and at 2.1 per cent, inflation rate is the lowest it’s been for a few.
Depreciation is an element often overlooked by property investors, and yet, while there is an initial outlay to set up a schedule, the tax-deduction benefits can be lucrative. Here we take a look at what depreciation is, and why, if you’re not doing it already, you should consider back-claiming. What is depreciation? Like a car,.
According to the Real Estate Institute of Australia (REIA) Real Estate Market Facts report for the March quarter, smaller dwellings are leading the way, with two-bedroom properties out performing houses in both price and rental growth. REIA’s President, Ms Leanne Pilkington suggests this trend reflects changing household compositions, affordability constraints and increasing demand for more.
Unless you’re lucky enough to be a cash buyer, whether you’re a homebuyer or investor, you will need a loan. There are a lot of loans available from a wide variety of financial providers! Lenders assess income, expenses, and debt levels to determine borrowing capacity, and each loan type will tailored to suit the borrower’s.
One of the big banks announced recently it has seen a 10 % increase this year in buyers purchasing an investment property as their first home; known as rentvesting, first-time buyers often use this as a strategy to get onto the property ladder. According to NAB executive for home lending Denton Pugh, NAB insights show.
With the end of the 2024–25 financial year on the horizon, property investors now’s the time to schedule in reviewing portfolios, tidy up tax affairs, and prepare for increased scrutiny from the Australian Taxation Office (ATO). First and foremost, make sure your records are in order. Ensure you have detailed documentation for all expenses, such.
Landlords have a responsibility to ensure that the property is fit to live in and meets health and safety laws. All properties need maintaining, and landlords should always budget for general maintenance and wear and tear, but some types of repairs will require immediate attention. Urgent repairs (sometimes referred to as emergency repairs) are called.
With Labor securing another term, home owners and investors alike may well be wondering what this means, and what to expect next. At the moment, it’s a wait and see situation; so let’s look at what we already know about Labor’s policies relating to property, and explore some of the other factors which may affect.