by Financially Sorted | Nov 30, 2023 | Land Tax, Property Investment
Owning your own home is every Australian’s dream. Owning a holiday home has also been a dream for many. Well, it certainly was. With various changes over the years to land tax rules, it’s also now becoming a very expensive dream. In saying that, the Victorian...
by Financially Sorted | Sep 1, 2023 | ATO, Property Investment, SMSF, Tax & Accounting
Once again, the ATO has targeted SMSF property development schemes that divert profits of a property development project to a SMSF. This time, the focus is on using a special purpose vehicle (SPV), which the SMSF directly or indirectly owns. It appears that some SMSF...
by kirstyb | Apr 30, 2023 | Land Tax, Property Investment
Many own investment properties and have used this type of investment over the years to generate wealth and help create a comfortable lifestyle in retirement. With costs, such as land tax rising recently along with changes to the rental tenancies act, many are asking...
by kirstyb | Feb 27, 2023 | ATO, Interest Rates, Land Tax, Property Investment, stamp duty
The rising costs of Land tax bills are arriving across the State of Victoria, and many have been left stunned by staggering increases. Speaking to many clients and listening to many of the media outlets like 3AW and the nightly news services, its being reported that...
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...
