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.
Tracey's Property News
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.
Detached Houses Worth Lot More Than Units
Imagine house values being more than 5 times the unit values. Takes some beating! This is the story of Centennial Park, Sydney. While such contrast is not a trend yet, the fact that combined capital city values show up a 28% difference between houses and units tells its own tale.
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
Over-researching Can Harm Real Estate Investments
I am sure you are aware of the great real estate investment paradox- in order not to under-research investors tend to over-research before buying properties. This can be referred to as the analysis-paralysis mode. Google has made it possible for us to go to extreme distances when it comes to research. When we start physical follow-up of all that appears on Google, the job becomes herculean. Does the principle yield results?
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.
