Property Co-Ownership

The proportion of properties jointly owned is quite high, and with greater education on tax minimisation practices, we’re seeing a lot more obscure ownership percentages like 70/30 or even 99/1. Why are people employing these types of ownership structures? It all comes down to which party can benefit the most from the deductions. Take for…

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City Dwelling

Sydney and Melbourne continue to post strong results, showing a consistent 1% growth per month in dwelling values, with the sum of regional areas relatively flat. In Sydney and Melbourne, cumulative growth in dwelling values over the cycle (June 2012 to date) now stands at 64% in Sydney and 44% in Melbourne.This result highlights the…

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Scotland Property

Pardon the tongue-in-cheek title, but the whole hotspot thing can be a little tiresome. We are much more in favour of long term fundamentals than volatile pockets and mining towns. What do we here at MCG know about the Scottish property market? Absolutely nothing! However, when one of our clients asked us to complete a…

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International Property

Whilst it’s certainly not the sort of reports we target, a number of our clients own investment properties overseas. If you’re claiming the rental income in Australia, then you’re entitled to minimise your tax via having a depreciation schedule completed. To date we’ve completed many reports for overseas investors in places like the United States,…

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Surfers Paradise Hilton

We’ve recently had the pleasure of completing some major works for the Hilton Hotel in Surfers Paradise. Locals will no doubt be aware that the Hotel was for sale in 2015. The Gold Coast Bulletin ran the following headline. “GOT $60 million? You could own one of the city’s newest five-star hotels.” The Hilton sale…

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Sydney Dwellings

Whilst month on month figures are a little haphazard, the last quarter has seen Sydney prices grow by 6.6% with Perth and Hobart the only capitals in negative territory. Our current property growth cycle comes to around 4 years now since May 2012 and values have risen 36.6% to May 2016. Sydney’s growth for this…

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Northern Beaches

There are certain pockets of Australia we find ourselves coming back to alot, and fortunately one of those places is Bynya Road, Palm Beach. We were engaged to prepare a capital allowance & tax depreciation schedule on this stunning holiday home. Estate agent Amethyst McKee described the property as a “charming timber and sandstone home…

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Budget

Negative gearing has thankfully been ruled out as an area the coalition will be attacking to provide budget savings. Any policy which creates a disincentive to self-fund your retirement is a ludicrous one in our view. Not to mention the net tax result of a diminishing property market.   So what has changed in the…

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Dwelling Values

The CoreLogic RP Data index showed a +0.2% rise across the combined capitals, with growth for the March quarter up 1.6%. Sydney and Melbourne are pushing forward, posting 2.0% and 2.2% respectively for the March quarter. Hobart was down -1.1% for the month but still managed to end on 6.5% for the March quarter. It’s…

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