This is the latest Rental Market Snapshot as at June 2020. 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 has increased from 2.3% in March 2020 to 3.0% in June 2020. The proportion of vacant properties in regional Victoria decreased from 1.9% in March 2020...
Direct property and direct shares are among the most popular investments to own. They both provide an investment return, but lets explore the advantages, disadvantages and what the main differences are between the two investment assets. Direct property For the purposes of this article we will discuss the advantages and disadvantages of residential property. A residential property includes houses, units,...
Property affordability has become a real challenge for many Australians. It has opened up many other strategic ways to buy real estate. One type of property investment is a timeshare. However are they really worth buying? What is a timeshare? A timeshare is a property owned by a divided share. Timeshares are common to properties such as hotels, resort, casinos, snow lodges to name a few. The ownership...
As the end of financial year fast approaches, this is the ideal time to ensure your property portfolio is up to date for tax purposes. Here we offer some tax tips for property investors. It is important to work with your accountant during this time of year so you have ample time to implement any strategies that will help your financial situation. Tax depreciation schedule - Many investors...
Tax depreciation is a valuable tax deduction for property investors. The benefits of a depreciation schedule can also be long lasting. As a result it can provide great assistance to accumulating your wealth and property portfolio over time. What is a tax depreciation schedule? A tax depreciation schedule tables you tax deduction entitlements and outlines the breakdown on an annual basis. It simplifies your...
A full turn-key house is an upgrade made available by home builders in which they take care of necessary additions to the home, like internal wall painting, flooring, and blinds. By upgrading to a full turn-key package, you can relax knowing your home truly will be a 'move-in ready' solution. Once you receive the keys you can immediate lease the property or move in and start living the dream! A full...
When buying a brand new Apartment it is very common to see a storage cage included. There are many benefits of a storage cage and here we explore them. A storage cage is often built with chain-wire or a welded mesh frame. A storage cage can vary in shape and size but they generally don’t exceed 6m3. They can be built from floor to ceiling or to a nominated height (such as an over car bonnet). Some can...
Tax office warns investors. During 2019 the Australian Taxation Office (ATO) identified a large number of deductions claimed by property investors including errors. This has the ATO increasing their auditing of property investors. During the 2017-18 financial year about 1,500 were audited, while this increased to 4,500 in the 2018-19 financial year. Tax office warns investors Here are the most...
Replacing yourself as property manager. Maintaining an investment property can be quite expensive. In order to make it as profitable as possible it’s ideal to review areas where you can save or improve your cash flow. One of the areas many investors look to consider saving is replacing yourself as property manager. As property advisers/buyers advocates, we understand why a landlord would consider it....
Don’t set and forget – always ensure your insurance is up to date. When buying a property it’s important to ensure your asset is insured against any unforeseen events. It’s likely to be the most expensive asset you buy. We’ve noticed overtime investors review their property portfolio performance but neglect to review their insurance. Insurance cover provides a vast range of unforeseen...