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.
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Property Investors Must Probe For Depreciation Deductions
In an article for the website Smart Property Investment, Paul Bennion dittoes the opinion of experts stating that the cash rates are likely to remain where they are, at least for the foreseeable future ahead. In a year-to-year comparison, March 2014 beat March 2013 by about $2 billion in terms of property investment.
New Dwelling Constructions to Touch 180,000 Mark
The construction of new dwellings is all set to get a boost even as renovation projects look to reverse the recessive trend of last year. An article on The Adviser talks about housing commencements in the vicinity of 180,000 in 2014.
Supply Not Meeting Demand for Sydney’s Innermost Suburbs
Jeremy Sheppard writes an incisive piece for the website Your Investment Property wherein he talks about the way Sydney’s innermost suburbs are faring in terms of supply-demand dynamics. It is common knowledge that when supply beats demand, prices fall and if it is the other way, prices rise.
New Home Grant Scrapped for Foreign Investors
In an article for the Daily Telegraph, Andrew Clennell informs that NSW will no longer allow the foreign investors to take advantage from the $5,000 New Home Grant
Investors Missing Out on Important Claims
In an article for the website Street News, Bradley Beer lends focus on how investors are missing out on claiming a couple of important depreciation deductions. Capital works deduction and plant and equipment depreciation are still being given a miss by investors, claims Beer.
Of the 2.5 million property investors, only 40% claimed ‘capital works’ and 67% claimed ‘plant and equipment’ in 2011-12. Depreciation claims of $3,168 made by residential investors is also significantly below expected standards.
Beer also sheds light on a trend which asserts that investors posting self-claims or using self judgments are more liable to underclaim.
you can read the original article here.
