Archive for the ‘Uncategorized’ Category

Regional Housing Market and COVID-19

Whilst the unfolding events surrounding the COVID-19 pandemic continue to escalate in Victoria, along with pockets of outbreak in New South Wales; Queensland is still faring very well in comparison, and our state government continues to monitor the situation closely.

The million-dollar question is ‘what impact is this having on the property market’?  Well, there has been a noticeable slowdown in Victoria in particular, as well as a drop in prices.  … Read the full post »

Investment Property Depreciation: How Does It Work?

Investment property depreciation can save investors thousands of dollars each year, minimising your tax and maximising your cash flow.  Depreciation is classed as a non-cash deduction, meaning that investors do not need to spend any money in order to claim it.

Below is a basic summation of what property depreciation is and how it works.   

What is property depreciation?

As a property ages, its structure, and the assets within it wear out … Read the full post »

Sharp Fall in Housing Finance

The latest figures released by the Australian Bureau of Statistics (ABS), reports a record 11.6% drop in new finance commitments for purchasing dwellings, in May 2020, the single largest monthly drop in 18 years.

Australia’s leading real estate portal CoreLogic, says the June results, when finalised could show a partial recovery.  The chart below shows the monthly value of new finance for housing from the ABS, against the number of property … Read the full post »

New Financial Year

We are now into week three of a new financial year, and no doubt some of you have already lodged your tax returns or are in the process of…particularly if you are expecting a refund.

The start of a new tax year often brings some changes…this year there are some particularly significant changes that have taken place, summarised below.

Superannuation:

Second Round of early access: from 1 July 2020 until 24 September … Read the full post »

Change of Name on Property Contracts

There are occasions when after a contract is executed, the buyer wishes to change the name; for example – the buyer decides they now want to purchase in the name of a company or trust instead of an individual, or the buyer wants to remove or add the name of a spouse or partner.

Reasons for this are varied and can be driven by professional advice from an accountant or solicitor, … Read the full post »

School Holiday Fun!

We are now in a week into the mid-year Queensland school holidays, and to those with school-aged children, we hope you are enjoying it so far…whether you are staying at home or vacationing within our gorgeous expansive state with so much to see from outback, to rainforests, to sea!

There is so much to do on the Sunshine Coast that even staying at home feels like a holiday.  From spending time … Read the full post »

Going Troppo!

Despite the COVID19 pandemic and the challenges and disruptions to workplaces and life in general, the upgrading of the Sunshine Coast Airport, just down the road from here, is continuing to go ahead and great progress is being made.

On June 18, some exceptionally good news was delivered for those who have family and friends in far north Queensland, with the announcement that Alliance Airlines will provide three return services to … Read the full post »

Buying Checklist

On the back of state and federal government incentives, combined with historically low interest rates, now is an extremely opportune time to buy, and there has been a national surge in first home buyers entering the market.

Below is a checklist to consider for anyone buying a home, regardless of whether it is your first, second, or an addition to your investment portfolio:

Set your long-term goals: understand WHY you are … Read the full post »

Winter Outlook for Property Market

According to some leading property analysts across the nation, and indeed many agents experiencing a surge in enquiry as the COVID-19 restrictions ease; this winter could prove a more active market than anticipated.

The spring season is normally the most popular time to sell homes, with the weather warming and gardens in full bloom; however, confidence is starting to trickle back into the market, as many are now seeing some light … Read the full post »

The BRIGHT Side of Winter

Winter has formally arrived, and despite a mini record-breaking cold snap over a couple of nights in May; it has started off very mild.  Whilst some of us bemoan the arrival of winter, we are very lucky in Queensland, particularly along the coast, as our winters are generally rather glorious – dry clear sunny days and cool crisp nights…you always know it’s going to be a cold night when you … Read the full post »

Support Local Business

As a community we generally try to be mindful of supporting our local services; and now more than ever with the easing of restrictions we need to make even more of an effort to support these small businesses, many of whom have struggled during the lock-down measures the Covid19 pandemic created…and it’s not over yet.

There are so many good reasons to support local business:

Local businesses create employment opportunities, in … Read the full post »

Importance of Disclosure

Many years ago when a contract was prepared it was up to the buyer to execute due diligence and carry out relevant searches and enquiries to assess whether there were any issues with the property; the onus was on the buyer, known as a caveat emptor – ‘let the buyer beware.’

Thankfully, we now have much greater emphasis on protection for the buyer, particularly in the residential property market; there are … Read the full post »

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