The NSW Government is making changes to rental laws to support renters and landlords in the NSW rental market. These changes will make renting in NSW fairer and will help give more stability for renters and certainty for landlords.
Can I afford buying an investment property?
I read an article titled “7 questions to ask yourself before buying an investment property” somewhere on the Internet. The first question of the 7 questions is “Can I afford it?” I suddenly realised that I have never done a blog post on how my website visitors could use my investment property calculators to help …
Continue reading “Can I afford buying an investment property?”
First home buyers: home deposit or lifestyle
When I was browsing Facebook today I noticed there was an article from SMH. The title is ‘We’re conning young people’: The double whammy trapping first home buyers (URL: https://www.smh.com.au/property/news/we-re-conning-young-people-the-double-whammy-trapping-first-home-buyers-20220114-p59oaa.html). Basically the article says that first home buyers “are facing a double whammy of rising rents and soaring house prices, combining to make it harder …
Continue reading “First home buyers: home deposit or lifestyle”
How many years it will take to save enough deposit for a property?
How many years it will take to save enough deposit for a property? Based on an article published on domain.com.au, it really depends on the deposit needed, for example, “The comparison between the time taken to save a 20 per cent and a 5 per cent deposit is pretty stark.” If the deposit needed drops …
Continue reading “How many years it will take to save enough deposit for a property?”
Sydney’s top 20 suburbs for development
Based on the available data, Urban.com.au was able to determine which 20 suburbs within Sydney are projected to experience the greatest intensity of apartment development. Which brings us to the subject of this article. So what did we discover? Surprisingly (for us at least) only one of the top 10 suburbs listed in the table …
Aussies trapped in ‘commodity bust, housing boom’ cycle and the unwinding is going to be painful
There is an article published on financialpost.com dated 29/09/2016. I think it is worth to read. Basically it argues that Australia is “having its central bank backed into a corner, forced to warn about the dangers of high debt and hot housing markets, while powerless to change interest rates as a commodity bust weighs on the economy.” Economists …
Find out why using Trust to own investment property – Distributing income and capital gains
Find out why using Trust to own investment property – Distributing income and capital gains For taxation purposes, a discretionary trust provides maximum fl exibility in terms of the annual net rental income of the trust and/or any capital gain on the sale of an investment property. This is because the trustee has the discretion …
Find out why using Trust to own investment property – Recouping tax losses
Find out why using Trust to own investment property – Recouping tax losses Any negative gearing loss generated by a property owned by a trust is usually trapped in the trust, unless the trust has other income to offset the loss. While the trust can theoretically carry forward tax losses for an indefinite period, the …
Continue reading “Find out why using Trust to own investment property – Recouping tax losses”
Find out why using Trust to own investment property – Passing on 50% CGT discount
Find out why using Trust to own investment property – Passing on 50% CGT discount Unlike a company, which is not eligible for any capital gains tax (CGT) discount, a trust is eligible for the 50% CGT discount provided that the trust has held the property for at least 12 months before it is sold. …
Continue reading “Find out why using Trust to own investment property – Passing on 50% CGT discount”
Find out why using Trust to own investment property – Passing through depreciation and capital works benefits
Find out why using Trust to own investment property – Passing through depreciation and capital works benefits Perhaps one of the main reasons for trusts being favoured as a property investment vehicle, instead of a company, is its ability to pass on any net cash profit. These profits can be passed from the property that …
Find out why using Trust to own investment property – Introduction
Find out why using Trust to own investment property – Introduction By law, a trust is a relationship under which the trustee of the trust looks after the trust’s assets for the benefit of the beneficiaries. If it is set up properly, a discretionary trust may offer reasonably effective asset protection as the beneficiaries of …
Continue reading “Find out why using Trust to own investment property – Introduction”
A key indicator of the actual cost of your mortgage
People shopping around for home loans could be missing out on the best deal because they don’t understand or don’t even know about a key indicator of the actual cost of a mortgage – loan comparison rate. A loan comparison rate is an important tool for people to compare lenders on an even playing field: it …
Continue reading “A key indicator of the actual cost of your mortgage”
One reason that you should NOT buy Central Melbourne off-plan apartments
You should NOT buy Central Melbourne off-plan apartments unless you are willing to take a loss as Melbourne units fall an average 11.5% in year one, according to the The Australian Financial Review Magazine. Central Melbourne off-plan apartments fell about 11 per cent in the first year between their original purchase and pre-settlement valuation, figures from valuation firm …
Continue reading “One reason that you should NOT buy Central Melbourne off-plan apartments”
Top 10 home loan offset calculators reviewed – are they correct?
Download the home loan offset calculator used in this article (Excel). How does home loan offset work? An offset account is a transaction account that can be linked to your home or investment loan. The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan. With a …
Continue reading “Top 10 home loan offset calculators reviewed – are they correct?”
New Investment Property Calculators released for FY16
I have released new Investment Property Calculators for Financial Year 2016. These include all the calculators on the Products page including but not limited to the following calculators: Ultimate Investment Property Calculator Professional Investment Property Calculator Standard Investment Property Calculator Normal vs NRAS Investment Property Calculator NRAS Investment Property Calculator Commercial Property Lease or Buy Analysis …
Continue reading “New Investment Property Calculators released for FY16”