Posts Tagged ‘Investment’

Rental Properties: Repairs Versus Improvements

If you own an investment property knowing the difference between a rental property repair as opposed to an improvement is essential, in particular when it comes to boosting the returns of your property and maximising tax benefits. The Australian Taxation Office (ATO) has cracked down on property owners after receiving a multitude of incorrect claims; and they treat these two terms differently.
What counts as Repairs and Maintenance?
The easiest way to … Read the full post »

Smoke Alarm Changes Looming!

Just a reminder that the Queensland Government changes regarding the rules for smoke alarms for both tenanted and owner-occupied properties come into effect from January 1, 2022.

From January 1, 2022, at the commencement of a new lease or at the time of a renewal, installed alarm units MUST meet the requirements of the updated smoke alarm legislation; the alarms must be to Australian Standard 3786-2014, and units aged 10 years … Read the full post »

Rental Reforms: QLD

Recently the Queensland Parliament passed rental reforms that every tenant and property owner should be aware of; with the industry’s leading professional body, the Real Estate Institute of Queensland (REIQ), saying that although they are an improvement on what the government initially proposed, the pendulum still firmly swings in favour of tenants and reduces property owners’ contractual rights.

In summary the main five provisions of the Housing Legislation Amendment Bill 2021 … Read the full post »

Still a Seller’s Market!

Despite the disruption the global pandemic continues to inflict on freedoms and the economy, the Australian property market is still going gangbusters, with home sales continuing to outpace new listings.

According to CoreLogic, the sales-to-new listings ratio hit 1.4 over the three months to July, meaning that for each dwelling added to the market, more than one gets sold.  This ratio has trended ever since June 2020 when the Federal Government … Read the full post »

How Much Equity is in Your Property?

As a property owner, do you know how much equity you have in your property(s) in the current market? Equity changes as market conditions change, and right now in such a booming market, it’s highly likely your equity has risen.

What is equity?

Equity is the amount that you actually own outright of your property; sitting between what you owe and what your property is worth.  Effectively, it is the amount of … Read the full post »

Buying Your First Investment Property

With interest rates remaining at historic lows and rental yields at historic highs, an increasing number of people are considering becoming ‘first time’ property investors.  With soaring house prices, many people have had a substantial equity-boost, simply by way of the market forces, and this increased equity can be borrowed against to invest in another home.  There is also a growing movement of non-homeowners choosing to invest and buy their … Read the full post »

Growing Wealth Through Property

The path to financial prosperity is not always straightforward, cheap, or easy; however, it is widely acknowledged and consistently proven over time, that one of the most solid ways to build wealth is through property acquisition.

Outlined below are a few key steps to consider when building a property portfolio:

Goal Setting:  this is a fundamental first step.  What do you want to achieve (for example early retirement)? What is your timeline? … Read the full post »

Has My Tenant Abandoned My Property?

If you are a private landlord, managing your rental portfolio yourself, occasionally you may come across a situation of ‘abandonment’; whereby a tenant has unexpectedly vacated your property.

What are the ‘red flags’?

Late rent
Cessation in communication ie no response to emails etc
Unkempt gardens
Overflowing letterbox
Information from neighbours
Direct indication/communication from tenants themselves

What happens now?

It is essential that you follow the correct procedures before changing the locks and … Read the full post »

Easing of Lending Restrictions

With the handing down of the Federal Budget last week there is much to digest and indeed the path to economic recovery is a long one; however, the government have been widely praised for their handling of the pandemic, particularly in regard to stimulus packages aimed at keeping the economy moving, and the JobKeeper payments enabling employers to retain staff.

One of the real game changers, in term of stimulus emerged … Read the full post »

Buying an Investment Property at Auction

When looking for a property to commence or add to your investment portfolio, are you put off by Auction properties?  What are the benefits and challenges? Certainly, compared to private treaty sales, you are bidding against other potential buyers, with the winner the highest bidder; this competitive environment sometimes creates fear in investors of overpaying.  How do you avoid this?  Below are some tips to help you navigate the auction … Read the full post »

New or Old?

When it comes time to consider investing in property, many discussions arise around the question of the benefits of purchasing new, as opposed to old.  Which is better, particularly from a depreciation point of view? Whilst there is no black or white answer, generally if you are focused on capital allowance deductions then new is the way to go.

Why new?  What are the benefits?

The main benefit of buying a new … Read the full post »

First Time Property Investors: Tips for Rookies – Part II

Last week we spoke about four key factors to consider when purchasing an investment property: capital growth, cash flow, tax benefits, and accelerated growth.    This week we will talk about location and professional advice.

Location

You are all familiar with the real estate mantra ‘location, location, location’.  Location is a key factor that can make or break a property investment.

Question: How do you get it right?

Answer:  Research.

You need to find out about … Read the full post »

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