Michael has been once again voted Australia’s leading property investment advisor by the readers of ‘Your Investment Property Magazine’, but he’s not a theorist… He has been successfully investing in property since 1971 and is a leading property commentator and Australia’s most widely read property investment blogger. Join over 115,000 others who get their updates from Michael and his group of expert guest bloggers and benefit from their perspective.
Believe it or not – nine out of ten landlords have been doing their tax returns wrong! Rental income was being left out of returns and mistakes were being made with property deductions, including over claiming expenses or claiming for improvements to private properties, a review by the Australian Taxation Office (ATO) found. This has…
Despite worsening affordability easing the pace of rental growth in Australia, rental availability tightened in September, with vacancy rates falling to new record lows across the country. CoreLogic’s Quarterly Rental Review for Q3 2023 shows rental values rose 1.6% over the quarter, down from the 2.2% rise seen in the June quarter and a full…
Investors who rent their property out on short-stay accommodation platforms such as Airbnb and Stayz in Victoria or Queensland will soon face a tax surcharge. A 7.5% levy, imposed by the Victoria state government supposedly in an effort to help tackle the state’s rental shortage, will apply to revenue made on the platforms from January…
Why do I suddenly owe tax this year? This is one of the most Googled questions in Australia right now. And rightly so. Ever since Australia’s transition to self-assessment for income tax returns, we have been primed to expect an annual refund. That’s by design. Thinking we will get a refund acts as an incentive…
Australia’s property market has moved into the recovery phase of the cycle, with the whirlwind of activity over the pandemic era now a distant memory and a supply crisis now taking hold. The supply and demand imbalance continues to put pressure on prices, so it’s interesting that new data has revealed that the number of…
The high end of Australia’s property market began breaking price records more than four decades ago, with houses and units in the country’s most prestigious suburbs selling for sky-high prices at every point in the property market cycle. Over that timeframe, the house price record has skyrocketed from $1 million back in 1978 to nearly $140 million…
Australia’s rental crisis looks set to worsen further as fearful investors offload their properties and abandon certain markets in Queensland and Victoria. New research by the Property Investment Professionals of Australia (PIPA) shows a maximum exodus of property investors in the two states over the past 12 months, with sales of rental properties surging both…
The medium to high-density sector has increasingly become an important part of Australia’s residential real estate market, with units steadily making up a larger portion of Australia’s housing stock. In August, CoreLogic estimated that units made up 25.9% of national housing stock and around 30.4% of Australia’s capital city housing stock, up from 19.6% and…
The Victorian government, like many governments around the world, has announced new regulations on short-stay accommodation. The government says Victoria has more than 36,000 short-stay places, which is reducing the number of homes available for long-term rental. Other states have capped the number of nights a dwelling can be used for short-stay accommodation. The Victorian…
New data reveals that in August, fewer people refinanced their loans compared to the previous month, but it was still the fourth-highest number since rates started going up. This dip was expected because many people rushed to refinance before some banks ended their cashback offers. Since rates began rising, borrowers have refinanced loans worth almost…
