Posts Tagged ‘Investor’

Landlord Insurance

Insurance is one of those topics that makes many of us ‘sigh’, it costs us money, there is an ever-increasing range of insurance products, and it seems to continually rise. When it comes to budgeting, it can be tempting to cut back insurance or let some policies lapse altogether; however, when it come to Landlords Insurance, this is an absolute essential for anyone owning an investment property and should be … Read the full post »

Rent Increases Matching Growth of 2007

CoreLogic, Australia’s leading provider of property information and analytics, have released their quarterly Rental Review which shows that across our capital cities and, regional areas – houses and units all saw an increase in rents last quarter, culminating in the highest calendar year growth rate since 2007, with a national rental index increase of 1.9%.

Despite quarterly growth rates easing since peaking in March at 3.2%, the national index recorded its … Read the full post »

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 »

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 »

Investment Property: Tax Deductions

Well, we are now six weeks into a new financial year, which means (if you haven’t already) it’s time to think about submitting your tax return.  If you are an investor with a rental property (or properties) there are deductions you can claim for against some of the expenses you incurred during the past financial year.

It is important to note you can only claim deductions for expenses that relate to … Read the full post »

Rental Affordability Crisis

Figures released last week by CoreLogic confirm a strong uplift of 6.6% in rent values over the year; this follows a decade of relatively subdued annual rent growth, averaging 1.8% since June 2011.

Regional lifestyle markets such as the Sunshine Coast and Gold Coast, are two of the areas that have experienced the highest price growth, driven by strong demand, outstripping supply; with weekly rents reaching record heights rivalling parts 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 »

Investor Activity Softens

CoreLogic’s latest report on Investor Activity in the Australian Property Market reveals that there hasn’t just been a softening during the COVID19 pandemic; in fact, investor activity has been falling since early 2015, across all Australian states.

The main reason attributed to this is the macro-prudential policies that were implemented in Australian mortgage lending, which did tighten lending criteria and exclude some would-be investors from commencing or growing their portfolio.

The latest … 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 »

First Time Property Investors: Tips for Rookies

Property investment is not for the faint-hearted, it is a big decision, and like all investment that involves significant amounts of capital outlay or borrowing; it is not without risk.  However, it is also one of the most solid and proven ways of growing your wealth, and generally involves less risk than the stock market and other capital ventures that can deliver strong returns in short periods of time.  A … Read the full post »

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