by kirstyb | Jun 2, 2023 | ATO, Housing Prices, Property Investment
CGT and Rental Properties: Understanding the ATO Crackdown. An understanding of how CGT (Capital Gains Tax) works for homes and rentals is vital, as the ATO is watching more closer than ever. The ATO’s focus on rental property and holiday home compliance – backed by...
by kirstyb | Feb 27, 2023 | Economy, Finance, Housing Prices, Interest Rates, Property Investment, Tax & Accounting
With house prices now easing a little from the highs of some 12-18 months ago, many properties still remain high, especially in the most desirable areas. According to CoreLogic, which monitors housing prices across Australia, our biggest capitals, being Sydney and...
by kirstyb | Jan 31, 2023 | Housing Prices, Interest Rates, Land Tax, Property Investment
Rising interest rates and falling house prices don’t have to be a cause for alarm for households. Overall, there are many things that you can do to prepare, like examining your financial position and not making unnecessary purchases on depreciable items like cars and...
by kirstyb | Nov 2, 2022 | ATO, Housing Prices, Land Tax
The Australian Taxation Office (ATO) has announced income and tax deductions from rental properties is one of the four key areas they are focusing on during tax season. The ATO acknowledges it’s an area of tax assessment that’s easy to get wrong and needs extra care...
by kirstyb | Sep 21, 2022 | Finance, Housing Prices, Property Investment
As we are preparing many income tax returns for FY 2022, we would like to highlight 10 tips to avoid rental property tax mistakes. Avoiding these 10 common mistakes will save you time and money. 1. Apportioning expenses and income for co-owned properties. If you own a...
by kirstyb | Aug 2, 2022 | Housing Prices, Interest Rates, Land Tax, Property Investment
By Andrew Stone (from Property Analytics) The Melbourne Housing market update. Prices are down from their late 2021 peak! The market started to run out of steam towards the end of last year. The Rolling 3 Month Median $ Price is now about 6% lower than its peak in...