Posts Tagged ‘media’
Why Australia is facing a ‘devastating insurance crisis’ this summer
A national property firm has warned that Australia is facing a “devastating insurance crisis” as this summers triple-dip La Nina threatens to financially ruin underinsured homeowners. MCG Quantity Surveyors, which has offices in Brisbane, Sydney, Melbourne, Newcastle, Adelaide, Perth and Canberra, said that a combination of factors could lead to “one of most financially devastating”…
Read MoreIs the Lucky Country Losing It’s Mojo?
Four Corners’ episode last week “No place to call home – the new face of homelessness in Australia” made for sombre viewing. It followed the stories of hard-working young Australians, primarily single mothers, as they desperately try to find even the most basic accommodation for their families in regional towns. They talk of applying for…
Read MoreThe recent regulatory changes and the state of the Property Market
The January CoreLogic figures have shown that capital city dwelling values have posted their first quarterly fall since April 2016. The peak of the market was called as far back as 2016, but now we’re seeing the evidence some two years later. On a positive note, the combined regionals edged slightly higher over the Dec-17…
Read MoreOur predictions – Property Market Scorecard for 2017 and 2018
What a year property has had in 2017. We’ve seen some double-digit growth in major capital city markets and a big move from APRA in the investor lending space. We’ve also written extensively about changes to depreciation. There’s also been plenty of debate about foreign investors and housing affordability. So, what did the numbers show…
Read MoreCritical misinformation around property depreciation changes
The senate has passed the depreciation changes (as of writing it is awaiting royal assent), but unfortunately a number of large quantity surveying firms have been reporting incorrect or incomplete analysis of the changes. I’ve been modelling the impacts of the recent depreciation changes by analysing the reports in our system as well as looking…
Read MoreWhat you need to know – Investment Property Budget Changes
Investment property tax deductions hit the headlines when the 2017-18 Federal Budget was handed down on 9 May 2017. As the second biggest tax deduction after interest, depreciation deductions against investment properties save investors thousands of dollars and can make or break the profitability of a property investment What deductions can you claim against…
Read MoreDraft Legislation for Depreciation Changes Issued by Treasury
On Friday the 14th of July, the treasury finally issued their draft legislation relating to the changes to depreciation for plant and equipment items. Personally, the most positive thing about the draft is that it’s silenced the fear-mongering commentators saying that depreciation on plant and equipment would be stripped from new properties. This was never…
Read MorePlant & Equipment Depreciation Changes – 2017 Budget Measures
The announced budget changes by the treasurer Scott Morrison, effectively take a sledgehammer to residential depreciation legislation that hasn’t really changed since 2006. The Reserve Bank only has a blunt instrument to work with, in changing the cash rate to curb/stimulate inflation, but fiscal policy can be far more nuanced. The Government opted against a…
Read MoreNegative Gearing and the Mum and Dad Investors
Much has been posited about the typical Australian property investor, especially their salary. According to the ATO, 67% of investors claiming rental interest deductions take home under $80,000 per year. At least as far back as 2014, the data has been pulled apart and commentators have asserted that the data is flawed. Their argument is…
Read MoreWhat are Scrapping Schedules?
Authors Note: Scrapping schedules have been impacted by legislation changes and in most cases will not suit your scenario. See more information here – Scrapping Schedules – Why they’re a thing of the past. The term ‘scrapping schedule’ is thrown about a lot these days, and to be honest, it’s a term that is more…
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