https://www.youtube.com/watch?v=Gey6PO1juCs&feature=youtu.be So, the property here, just over my shoulder, is one of my first investment properties. I did a live video a couple of years ago explaining that I always attend my annual inspections with my property manager. Now, there's three reasons why I do that. Reason one. Because I get to make sure that my property manager is doing their job. I pay money for a service, I wanna make [...]
Building a property portfolio can be similar to running a small business and it is no easy feat sometimes. By doing so, you demonstrate you are wanting to create better financial security for yourself, reduce your risk, have determination, and that you also have a keen business sense. We asked Wealthology’s most savvy investors to share their top 5 dirty little secrets so you too can avoid the common mistakes which [...]
There have been lots of changes in the financial industry of late including interest rate drops and changes to loan serviceability. These are all positive things for property investors. Interest Rate Drop In its latest meeting, the Reserve Bank dropped interest rates to a record low by cutting the cash rate by 0.25%, bringing it to a record low 1%. Following last month’s cut, we saw an action-packed few weeks in which 44 [...]
30 years ago, a 10-week school term felt like an eternity. Flash forward to today and a school term feels like a few short weeks and a financial year can fly by in what feels like just a couple of months. And here we are again, coming quickly to the end of yet another financial year, in just two months time! Before those two months turn into two days, lets [...]
Say Goodbye To Two More Tax Deductions Income tax deductions for the decline in value (depreciation) of previously used plant and equipment in rental premises used for residential accommodation are no longer allowed. From July 1, 2017, the Government has limited plant and equipment depreciation deductions to outlays actually incurred by investors in residential real estate properties. Plant and equipment items are usually mechanical fixtures or those which can be [...]
According to RP Data and the Census Data from 2011 only 7.9% of Australians own an investment property, even though property is a national past-time. And only 0.068% own six or more investment properties. A lot of people are overwhelmed by the process and quit before they even begin but it doesn’t have to be hard. The reality is that investing in property is relatively straightforward when you work with [...]
When it comes to purchasing an investment property, there is few things more divisive than the argument of buying established or building new. You may resonate with some of the reasons investors choose old or new properties below - But what does the tax man say? Is there a difference in the tax treatment of old and new properties for tax purposes? Depreciation Changes (Div 40) [...]
Jesse Mason, Conveyancing Manager at Rouse Lawyers shares his 5 essential tips to ensure a smooth transaction when purchasing a property for investment. "Second only to purchasing your own home, buying an investment property may be one of the most significant financial decisions you will ever make." Once you’ve taken the leap and decided on an investment property, here are 5 things you can do to make sure the purchase [...]
When you go to rent your house, its success will rely heavily on your rental strategy. As property investors, we want to ensure that our property is leased efficiently and for the highest possible return. Good tenants are a precious commodity, they pay their rent on time, they treat the property as if it were their own home and they stay for a longer period of time. Helping us uncover the [...]
What are my rights, as a Landlord, if I receive a tenancy application with a pet? When it comes to leasing a property you own, knowing the landlord rights about allowing or refusing pets can play a huge factor in the level of enquiry your property will receive. In Queensland, a landlord has the right to accept or refuse pets at their property. However, if you own a unit or townhouse, many body corporate [...]
