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Property
Tax Deductions: Repairs vs. Improvements on Rental Properties
June 1st, 2016The Australian Taxation Office (ATO) is focusing on the claims of property investment owners with regards to the “improvements” of their rental residences. Oftentimes, investors will have some work done on their newly purchased properties and would claim these as “initial repair” when discussing the tax implications of these property works. However, the Tax Officeread more
Is it time to jump out the Investment Property window?
May 10th, 2016The window of opportunity for Investment Property in Perth and for that matter in Australia has potentially never been greater. Just about every property market in Australia may be around rock bottom. Unemployment is at a high. Interest rates are at record lows. Days on market for property sales are coming off high numbers. It’s aread more
Foreign Resident Capital Gains Tax Withholding
April 21st, 2016The new withholding system that will apply when non-residents dispose of certain taxable Australian property starts from 1 July 2016. In very broad terms, when a non-resident disposes of certain taxable Australian property (e.g., land and building in Australia) the purchaser will generally be required to withhold 10% of the purchase price and pay thisread more
Most Property Investors are Gamblers
April 19th, 2016Most property investors are gamblers. Speculating that the value of a property will rise is like hoping your numbers in the lotto will come. Every week we fork out money for the lotto numbers dreaming that we will become millionaires one day hopefully. For some investors who have a negative cashflow they fork out moneyread more
Positive Cashflow Properties
March 31st, 2016If you have a mortgage on your home, did you know that with certain investment property strategies, you can “Borrow yourself out of debt”? It’s true. We hear so much about Negative Gearing and Positive Gearing. Negative Gearing strategies come with negative cashflows and tax deductions on these losses. Building a property portfolio using negativeread more
Do I develop or sell?
March 14th, 2016If you own property in an area that is undergoing a change in its housing density it is a tremendous opportunity to create real wealth for yourself. You have so many choices to consider. Do I sell and realise some of the increase in value of my land? Do I hang on to the propertyread more
Important Changes to the First Home Owners Grant
October 5th, 2015Please be aware that the First Home Owner Grant of up to $3,000 for the purchase of established homes in Western Australia has been removed as of 03 October 2015. The first home owner grant (FHOG) is a one-off grant payable to first home owners that satisfy all the eligibility criteria. The 2015-16 State Budgetread more
Avoid penalties! Learn the importance of Property Valuation in Your Tax Reports
September 29th, 2015Different methods are used in valuing properties but the principles remain the same. The most appropriate valuation method must be used in order to determine the value that the market is willing to pay for the asset. The meaning of market value, as used by valuers of real property in Australia, is the estimated amount orread more
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