A BIG chunk of Australia’s 1.75 million real estate investors could earn themselves thousands of extra dollars each year by taking a closer look at their tax deductions. It is estimated at least half of investors do not claim all possible depreciation-related deductions. For a new, median-priced house, these can
New home sales edged up for the third straight month in June following the Reserve Bank’s most recent interest rate cut in the same month. The Housing Industry Association’s new home sales report showed a 2.8 per cent rise in new home sales, driven by a 15.7 per cent surge
Somewhere between reality home makeover shows and worrying about resale value in five, seven or 10 years down the track, something has happened in many Australian backyards. Despite all the paving, blue fescue, mondo grass, hedges and trendy edible gardens, we’ve managed to make many of our backyards incredibly boring
House prices fell 2 per cent in the June quarter, and more falls are expected in the coming year, especially in the most populous states of NSW and Victoria, National Australia Bank says. ”Employment security is now the biggest concern for homebuyers as interest rate concerns recede,” the report says.
Possession of a home usually changes from seller to buyer at settlement, but in some cases a home buyer asks the seller to grant possession before settlement takes place. A common situation whereby early possession is requested is when the buyer must move from there current home before a loan
New homes starts plunged in the first three months of the year despite two rate cuts from the Reserve Bank in at the end of last year. Dwelling starts tumbled 12.6 per cent in the first three months of the year, following a 6.9 per cent drop in the final
With all the rapture about interest rate cuts – now equalling 0.75 per cent over the last two months – spare a thought for older Australians. Already a third of over 50s say they can’t afford their home repair bills, according to a national survey, and with every dent to
Amid news that finding a rental property may have temporarily gotten a little easier with asking rents for units dropping 1.1 per cent during the first three months of the year, comes a warning that the easing won’t last. Dr Andrew Wilson, the senior economist at Australian Property Monitors, says
As we approach the wetter, stormier winter months, it’s an appropriate time to check your home is weather wise. Being prepared for unpredictable, more frequent weather events can go along way to avoiding hefty repair bills on your property as well as serious injuries to family members. The State Emergency
Foreign investors have “very odd” views about Australian property and fret that housing prices may yet collapse, according to a senior Australian banking executive. “Overseas investors have a very odd set of views about Australian property prices,” Phil Chronican, ANZ’s chief executive of its Australian operations, said today. “They on