Uncategorized

11/02/19

The rise and rise of the millennials as the new home buying forces

With the re-emergence of the 1st home buyer it seems that it’s a new breed that’s the driving force behind this. The Millennial population, who are typically born between 1981 and 1996, represent the most influential age cohort in today’s residential property market. The Millennials are a significantly larger group than Generation X, those born between 1965 […]
01/02/19

Central Coast affordability

Comparative affordability Sydney and Melbourne – the nation’s largest property markets – have endured price corrections over the last 12-18 months. However, these corrections follow on from accelerated property growth: prices in Sydney and Melbourne increased by almost 50% in the last five years to a median house sales price of $960,000 and $783,000, respectively […]
02/01/19

A quarter of first home buyers also considering purchasing investment property

New research from Westpac reveals a quarter of first home buyers are considering buying both an investment property and an owner-occupier home. Westpac’s latest Home Ownership Report shows first home buyers (FHBs) are feeling more confident than ever about their prospects of home ownership. The report found 29 per cent of FHBs are considering buying […]
02/01/19

4 upsides to downsizing

While it’s tempting to hold onto the family home because of the sentimental value, the reality is that it may be holding you back from a better lifestyle and a more comfortable financial situation. Downsizing could allow you to find a home that’s more appropriate to your lifestyle, while also freeing up time and money […]
14/12/18

Stamp Duty Reform – What Does This Mean For You?

The NSW Government has proposed reduced stamp duty for residential property, in a move it is labelling ‘the most significant reform in a generation’. Under the proposed changes, which are planned to come into effect from July, 2019 – the seven price brackets that determine how much stamp duty is paid will rise in line […]
22/10/18

Property investors: did you get your tax deduction?

In a recent article by Anthony Keane, he advised that many of Australia’s 2.1 million rental property owners are missing out on thousands of dollars of tax deductions each year by failing to correctly calculate depreciation. New figures from BMT Tax Depreciation show that since tax time started on July 1, its investor clients have […]
29/09/18

Central Coast is emerging as a new House Price Hotspot

Sydney’s prices remain the most expensive in the country by some distance, and this has prompted growing demand for areas outside of the capital as buyers search for affordability. The Central Coast has been a key target given its proximity allowing residents to work in Sydney, and it’s prices are expected to rise by 3.6% […]
14/08/18

ATO formalises GST property settlement changes

The government recently decided to make some revisions to the process of paying Goods and Services Tax (GST) when acquiring residential properties. Although the amount of the tax remains the same, buyers of new homes after 1 July 2018 are expected to take care of remitting their GST payments to the Australian Tax Office (ATO). […]
03/08/18

Stamp Duty in New South Wales

You can’t be certain of anything in property development; except taxes. It comes in many forms; however, Stamp Duty seems to be a particular cause of confusion and stress for a majority of property purchasers. In this article, we clear up the clutter so that you may better understand how much tax you are required […]

Subscribe to our newsletter.

Sign up to get fresh updates!