I think one of the most fundamental decisions any property investor has to make is whether to invest in property or term deposit, i.e. “how much more will I make with my money by taking the risk and buying a property and is it worth it or should I leave the money in a term …
Can I claim tax deduction for a special levy the body corporate imposed?
Question: I recently bought my first investment property, there was an extra $2000 special levy charged by the body corporate to repaint the whole building. I presume it falls under repair and maintenance so it is tax deductible, right? Answer: As the building was in need of a repaint when you purchased the investment property, …
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Can I claim tax deduction for the expenses happened before the property was rented out?
Question: I recently bought my first investment property in April 2010. Unfortunately it wasn’t rented out until early July. I wonder if I can still negative gear anything (claim tax deductions) for the period that the property was vacant though I received no rental income? Answer: Although you didn’t get any rental income for the …
Average 233% return on investment property in Sydney 1993-2010
Property investors can achieve an average 233% return on investment property in Sydney if they buy in 1993 and hold the property to 2010. Sydney’s median house price rose 233 per cent between the June quarter of 1993 and the June quarter of 2010, from $188,050 to $626,444, according to the latest housing price figures …
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