Recently, I appeared on the Australian Taxation Office’s podcast, Tax InVoice, to talk about tax-related matters that would be of interest to property investors in a time of crisis. I spoke with assistant commissioner Adam O’Grady about how the events of 2020 impacted property investors and what recent law changes mean for residential property investors….
Articles by Michael Yardney
Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media. Visit Metropole.com.au
This biggest news in property this week is the two tier property market – Melbourne and the rest of Australia. Most of Australia is getting back to normal, Melbourne’s property markets have been effectively shut down until at least the end of October and was a cruel blow to a large number of Victorians who…
There are a number of reasons why a person may want to invest in property, but they never actually get around to it. They have all the best intentions and they really, truly want to take action. They do the research. They attend the seminars and the courses. They get educated, they learn what’s possible,…
The Melbourne property market has been one of the strongest and most consistent performers over the last four decades. Over the last 40 years: The median house price in Melbourne has increased by 7.9% per annum The median unit/apartment price in Melbourne has increased by 7.73%per annum Of course, like all property markets, the Melbourne…
Understandably, the coronavirus crisis is creating uncertainty for those interested in the Brisbane property market. Prior to COVID-19, the Brisbane property market was expected to deliver strong capital growth in 2020. Now, like most housing markets in Australia, Queensland property faces new challenges in the wake of the Coronavirus. So many are wondering – what’s…
The Sydney property market has been one of the strongest and most consistent performers over the last four decades. In fact, Sydney was the strongest property market at the end of 2019 and after bottoming out in May 2019, Sydney dwelling values recovered most of the losses sustained in previous years and was heading for a…
If I had told you this time last year that we’d be in the midst of a global pandemic, with our borders closed, footballers playing in front of empty stadiums and the AFL Grand Final would be played at night in Queensland and Melbourne would be in lockdown for 3 months, there’s not a chance…
There were only 666 properties taken to auction across the combined capital cities this week, a few more than last weekend when 600 auctions were held, but considerably less than the 1,352 auctions conducted this time last year. The combined capital city preliminary auction clearance rate was recorded at 63.6% across 454 auction results reported…
Bank customers struggling financially due to COVID-19 have been given a lifeline over the last few months and have been able to defer their loan repayments. Australian Banking Association (ABA) chief executive Anna Bligh said more than 800,000 people had deferred repayments during the coronavirus pandemic leading to concerns about an “economic cliff” in September…
It’s a bold statement, but it’s true. For some of you who are reading along right now, 2020 is absolutely the worst possible time you could consider buying a property. In fact for these people, moving forward with a real estate purchase this year would have the potential to cripple them financially, not just now…