Tax time is approaching for the year ending June 2019. Now is the right time to consult your accountant and ensure your financials are in order prior to lodging your tax return. We encourage property investors to act promptly. The Australian Tax Office (ATO) has said "they’re going to be looking much closer at your tax returns this year". The ATO conducted a random sample audit identifying 90% of...
When it comes to property buying, there are many types and forms of real estate available. One popular type of property is the house and land package. So what is a house and land package and why is it so popular? There are two types of house and land packages You buy your vacant land and later build your home with a construction loan. Buy the house completed on the developer’s land. The second...
As Crest Property Investments we have grown to love and understand Fengshui. We have client’s using this ancient perception to make good investment property decisions. It's not used for everybody when investing in property, but here we take a moment to share some information on this ancient philosophy. Note this doesn't even scratch the surface of what we see as a...
Buying a property can be the most rewarding experience of a lifetime. Buying an establish property or an off the plan property are two popular ways to get into the real estate market. However the process of buying established or off the plan can be quite different. Buying off the plan means that you are buying a property that has not yet been built or it’s still under construction. Ultimately you...
Victoria is rezoning 12 new suburbs to potentially house up to 50,000 people to meet the demands of our increasing population. Tim Pallas, treasurer announced that these suburbs located in Melbourne’s west, north, northwest and south east will set motion plans to build new communities. Pallas went on to say, ‘this is critical for keeping house and land packages affordable’. The new communities...
It’s an exciting time buying a property. We have been lucky to witness many types of buyers succeed with property. However many have differing views and objectives. Regardless if you are a first home buyer, investor or owner occupier, there are some important questions you need to ask yourself before buying a property. Before buying, here are three questions that suit all buyers. 1 - How much money do I...
Builders warranty is a topic not often discussed, but we think this is a valuable and important discussion to have. As we specialise in buying new and off-the-plan property, we want to share some usual details. As property advisers, when buying an off-the-plan property we do our due diligence on both the developer and builder. Sometimes this can be the same person. A good reputable builder who holds a...
A Sunset Clause is a common condition included within a Contract of Sale when purchasing a property off-the-plan. It's a common term discussed among friends, but we want to help you understand that this isn't a 'bad term'. Many take this as problematic issue when buying. Sunset Clauses are usually included as a way of protecting the interests of both parties when it comes to a sale. What is a Sunset...
It is very common for anyone considering buying a property to feel scared investing. Investing in property has been proven to be one of the most rewarding financial decisions to achieving financial independence. Owning an asset that grows in value and pays you a regular income stream (through rent) makes this a very smart investment strategy. If you are scared investing in property, you are not alone....
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...