Conservation- it is in my nature The health of our natural areas has a profound effect on the quality of our lifestyle and the state of our economy. We are custodians of a pristine natural environment and i take this responsibility very seriously. Local action Green light for traffic flows Drivers and cyclists are set […]
The Australian Taxation Office (ATO) has released a new tax ruling effective from the 1st of July 2014. Replacing Tax Ruling 2013/4, Tax Ruling 2014/4 explains the methods to be used when determining the effective lives of depreciating assets. The tax ruling in effect at the time an asset is acquired determines the effective life […]
Maximise deductions with depreciation According to a recent release by the Australian Taxation Office (ATO), 2.5 million property investors claimed deductions relating to their rental property in the 2011-2012 income year. Of these investors, just over 1 million received an average capital works deduction of $2,029 while just over 1.7 million investors claimed an average […]
How split schedules can help you save Co-owning property with a friend, family member or business partner has the immediate benefit of increasing an investor’s purchasing power while reducing the burden of corresponding expenses. Many investors are unaware that co-ownership can also substantially increase the depreciation deductions both owners can claim for an investment property. […]
Why wait all year when deductions can be claimed as you go? Investors often look forward to tax time. Many of the losses from holding a property can be claimed back, including interest, rates, repairs and maintenance, property management fees and depreciation deductions. Many investors may not realise that they don’t have to wait all […]
Property prices in Australia’s major cities are booming, driven by record low interest rates and strong demand from overseas buyers. The average house price in Sydney and Melbourne has risen by more than a third over the last year. According to the latest survey from RP Data and Rismark, Sydney’s median house price has ballooned […]
June 2014 Gold Coast and Tweed Coast The Gold Coast real estate market has rebounded strongly compared to 12 months ago. Sales volumes for January 1 to April 30 have increased 30% compared with the same period in 2013. According to our research, the price bracket spread reveals that 89% of sales are for properties […]
Bumper weekend for city’s property market with several high-end sales, including two multi-million dollar sales at Benowa Waters THE Gold Coast’s prestige property market had a bumper weekend as several high-end auction sales lined homeowners’ pockets. A luxurious Benowa Waters mansion was snapped up on Saturday for $1.55 million before the auction. A prominent Chinese […]
‘Perfect storm’ for property boom with Gold Coast apartment sales highest since GFC NEW Gold Coast apartments have recorded the highest sales volumes since the Global Financial Crisis with predictions the region could soon face a severe lack of supply, according to a report released by leading property consultants Urbis. The Gold Coast Apartment Insights […]
BROADBEACH has a billion reasons to smile as cashed-up developers invest big in the beachside suburb. More than $1.1 billion in development is under way or awaiting council approval for Broadbeach and experts say it is just the beginning. The $680 million Pacific Fair facelift and $72 million Synergy development both began in January and […]