What is Tax Depreciation? Tax depreciation expenses are not actual cash expenses. They are known as a non-cash entry. They are charges used to recover an asset's earlier purchase. To claim tax deductions, an investor can apply for any non-cash depreciation expenses against their taxable income. An investment property is an asset that can receive tax depreciation. This can be used to lowering the amount of...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained 2.1%, while regional Victoria fell to 1.8% in March 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 a week,...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. The Real Estate Institute of Victoria (REIV) has now released the property medians for the March 2018 quarter. New REIV data for the three months ended 31 March 2018 reveals that the median house price in middle Melbourne exceeded seven figures for the first time -...
Would you accept your tenant with a pet? Let's be honest... Australians and Melbourne love animals and pets. Who doesn't love being greeted by their puppy dog after a hard day at work? Who doesn't love hugging their bunny rabbit or patting their cat while relaxing on the couch? The decision to allow pets into your investment property is important – and when you start thinking about dog hair, possible...
Once our families grow up to be financially independent and raise their own families, you may realise at one point that your family residence is now quite big. Many people look to extract money from their home by downsizing. This can be quite an exciting time, but also quite daunting. What ever the basis behind downsizing your home, there are a few things that should be considered. What to consider when...
Buying an investment property is a great wealth accumulation strategy. To have the opportunity to earn a regular income stream through monthly rent is a great incentive. However, how do you attract a good tenant for your investment property? Generating a regular rental income is quite important and should be a key criteria when buying an investment property. It can help service your investment loan,...
One of the reasons investors turn to buying real estate is the fact it provides such a great income stream. Here we discuss how to stop late rent payments. Having the ability to generate a weekly rental income paid monthly has been one of the key drivers to buying an investment property. The better your tenant, the better your investment experience. If we hold the property long enough, we are often...
Sourcing a good tenant can be challenging. Particularly if you've bought an investment property in the outer Melbourne suburbs or rural country locations. When you successfully find one, you expect that those applicants will be living in your property. There’s a growing trend at the moment for rental properties to be sub-leased illegally through services like Airbnb. It is critical that you employ a...
Balcony garden ideas. The love of a balcony view has increased dramatically over the years. Buyers are falling in love with the idea of having a city view or park/river view. Many have also appreciated the view of the suburb and streets below. A balcony can be a great place to dine, relax and entertain. Here are some balcony garden ideas that may improve your enjoyment out on the balcony. Vertical...
In talking to friends, family and clients, Australians have an emotional attachment to appreciating outdoor living. We all love the thought of enjoying warm summer evenings entertaining in our internal open floor plans entering into our outdoor courtyard. Indoor and outdoor living seems to be in Australian's DNA. This leaves us with an important question... Why should homeowners and sellers bother with...