Investors Getting Savvy With Tax Breaks

Property investors are using tax depreciation in higher numbers and more quickly than ever before, new data suggests. Tax depreciation specialist BMT has reported that 15 per cent more people ordered depreciation schedules in 2014/2015 compared to the previous financial year. BMT found that it took investors an average of 281 days to order a depreciation schedule after purchasing their property during 2013/2014.However, that figure dropped to an average of 245 days during May, a decrease of 12.8 per cent. BMT chief executive Brad Beer said the data suggests an increasing number of investors are becoming more sophisticated in understanding […]

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There Is Only One Place In Australasia To Be Buying Real Estate Right Now!

          The CEO of McGrath Estate Agents Believes the buying a property in South East Queensland is the best location for the next 3-5 years. And he also thinks Sydney’s housing boom has just about run its course. south East Queensland is his top pick of everywhere to buy in Australasia at the moment. Sydney has experienced 40% growth in the last few years and its almost topped out.  He said that he can’t think of anywhere better to invest than in the South East of Queensland, centered on Brisbane, in the next 3-5 years for […]

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Australia In Property Bubble: 1 in 3 Investors

        More than 30 per cent of investors believe the country is in the midst of a property bubble, despite a clear majority saying now is still a good time to buy, according to new research. The latest Smart Property Investment Investor Insight Survey reveals 32.3 per cent of investors think Australia is currently experiencing a property bubble. Just over 54 per cent said there was no property bubble and a further 13.5 per cent were unsure. Last month, ASIC chairman Greg Medcraft expressed concerns about the “historic highs” of the Sydney and Melbourne property markets and cautioned that the two cities have the characteristics of a bubble. Mr […]

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Banks Gets Tough On Investment In NSW

  Lenders are continuing to make moves to crack down on investor activity, with more restrictions coming into play from today. Smart Property Investment has previously reported that banks including Bankwest, CBA, ANZ and Westpac have introduced a raft of changes to their serviceability and borrowing requirements for investors as regulators try to reign in investor activity. All changes thus far have been nationwide, with SQM Research managing director Louis Christopher noting it was “interesting” that none of the banks appeared to be making geographically-targeted policy changes. However, ING Direct has today released new loan-to-value ratio (LVR) parameters, with dramatic drops flagged for […]

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Future Tax Policy’s Changes To Negative Gearing

Despite Prime Minister Tony Abbott recently ruling out changes to negative gearing, the debate about the tax policy’s future rages on. Asked directly last week if he would rule out changes to negative gearing, Mr Abbott said: “Yes” – a statement welcomed by the Property Council of Australia today. “As far as statements go, this was pretty definitive and it provides a level of certainty to the 36,000 nurses, 54,000 teachers and 62,000 clerical staff who negatively geared a property in the 2012 financial year,” said Ken Morrison, chief executive of the Property Council of Australia. “So for them, the Prime Minister’s […]

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