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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…
Tagged: property investing -
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…
Tagged: sydney property market -
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’…
Tagged: property investing -
Property Taxes Boost Government Coffers
In an article for the website Property Update, Cameron Kusher informs that property sources make up for a bulk of tax revenue collected by the local and state governments in Australia. $35.931 billion has been collected under the head of property taxes in the financial year 2012-13. Over the financial year, property taxes have witnessed…
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Mortgage Levels Show Positive Consumer Mindset
Miriam Bell’s piece for the website Your Investment Property clarifies that there is nothing to deter property investors from house-hunting. Mortgage levels are at a record high and this can be put down only partially to prevailing low interest rates. A great part of investor-loan frenzy can be attributed to consumer sentiment (which paradoxically has…
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68% Aussies Feel It Is a Right Time to Buy
An article on the website Your Investment Property talks about the present consumer sentiment index in Australia. While many are bullish about the signals the property market is giving, respondents in key cities of Sydney and Melbourne are much more circumspect in their response. 68% of respondents feel that now is a right time to…
Tagged: sydney property market
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