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Protect yourself from these common investment scams

The Australian Competition and Consumer Commission (ACCC) is warning the public to watch out for investment scammers who promise great returns but “leave their victims with broken dreams and empty bank accounts.” In the first half of 2017, Australians reported losing over $13m to investment scams, according to the ACCC’s Scamwatch website. This makes investment…

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13% Of First-Home Buyers Choose Rentvesting

Due to Australia’s growing housing affordability crisis, many young people are choosing to make their first property purchase an investment property. The practice is known as “rentvesting” and involves purchasing a rental property as an investment while renting another property in which to live.  Rentvestors now make up 3% of first-home buyers nationally, according to industry research….


A raft of new measures took effect for property investors on July 1

A plethora of federal, state, and local government changes took effect on July 1, impacting every investor, homeowner, renter, and aspiring homebuyer in Australia. Of all the government changes kicking in from midnight that day, nine were specifically targeted at homeowners, homebuyers, and renters, according to a list compiled by Queensland Economic Advocacy Solutions (QEAS). “This…

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Foreign Investors In QLD Slammed With New Tax

Foreign owners of investment property in Queensland will be slammed with a 1.5% land tax surcharge on assets with a value of $350,000 or more. The state government is seeking additional revenue in order to maintain a wafer-thin operating fiscal surplus. The Palaszczuk government announced the new measure in its 2017-18 state budget, and said…


Sydneysiders Favour Melbourne’s More Affordable Properties

With Sydney’s property prices continuing to rise to ever more unaffordable levels, residents are turning to Melbourne for more affordable alternatives. While both capitals have enjoyed a major boom in house prices, the average home in Melbourne is generally cheaper than in Sydney (sometimes by up to 40% for new apartments). Indeed, many Sydneysiders now…