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Is it a repair or an improvement? Getting it wrong could cost you.

Is it a repair to your investment property or an improvement? And does it really matter? Well…yes it does. Expenses that relate to repairs and maintenance of a rental property will usually be deductible when they are incurred. However any work that is considered an improvement, such as installing a new kitchen, will not be…

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House prices drop almost everywhere

According to Domain, house prices fell in every capital city this quarter, except for Melbourne and Hobart, where prices rose by 1.2 per cent and 4.3 per cent, respectively. Apartment median prices fell in every capital city following a record number of apartments being built in most capitals. The media is full of stories gloating that Sydney median house…

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I would have been a better property investor if I knew these 12 things earlier in life

Recently one of my children, who has suddenly taken an interest in property, asked me: “Dad you’ve been investing for a long time. If you could go back 40 years what would you have liked to know then that would have made you do things differently?” Now that’s a great question isn’t it? It made me…

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