Riding on the strong momentum it has gathered over 2013-14, home building is all set to pick up further over the course of next 2-3 years. In an article for the website Australian Broker Online, Julia Corderoy sheds light on the high number of dwelling starts anticipated.
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Median House Prices in Sydney Past $800,000
In an article for the website Property Observer, Jonathan Chancellor talks about the latest spike in Sydney median housing prices. From $787,000 for the March quarter, it has risen 3.1% to stand at $811,837 for the June quarter.
Tax Recommendations for Property Investors
In an article for the website realestate.com.au, Venessa Paech talks about how property investors should approach their taxes and how best should they claim their rental deductions.
Here are 9 tax recommendations for them:
- Do not claim capital improvements as an immediate deduction.
- Shy away from paying prepay interest
- Organise a depreciation schedule
- Claim the cost you fork out to inspect properties
- Use PayG Withholding Variation Application for negatively geared properties
- Disclose foreign property investments
- Keep receipts to justify your claims
- Bring down CGT
- Hire a top accountant
You can read the original article here.
Is it Possible to Avoid Reselling at a Loss?
In an article for the website Your Investment Property, Miriam Bell sheds light on the losses made on property resales in recent times. It is any property investor’s wish to make as much profit on the sale as he/she can and thus it may be unwise to remain ignorant of the trend, argues Bell.
Sydney Auction Clearance Rates Dip to A Year Low
In an article for the website Property Update, Andrew Wilson focuses on the declining auction clearance rates in Sydney. 72.7% clearance recorded this week is as bad as it has been in more than a year. Last year same time, the figure was 77.5%.
This is third week in trot that the clearance rate has come down. Perhaps a silver lining is the fact that a few regions have withstood the decline and posted robust clearance figures. Put another way, overall clearance for Sydney is falling but not all regions are doing badly. Case in point is 84.8% recorded by the city and east
You can read the original article here.
Experts Unanimous on Cash Rate Rise
A survey which used the services of 18 leading economists (including banks and organisations) yielded one common sentiment- the cash rate will be where it is for some time to come but it will definitely rise in a year’s time. Michael Yardney delves on the topic in an article for the Property Update.
