House building activity continues to soar off the back of the now-defunct federal government HomeBuilder initiative. Latest ABS data reports that capital city building approvals for houses increased by 36.4% over February to a new record monthly high of 8,697. Over the first two months of this year, approvals for new houses have skyrocketed by…
Let’s take a moment to acknowledge that the political sphere has generally stepped up during 2020. I concede that the usual argy-bargy of party politics is on display. You only have to look at the long running commentary being batted back and forth over the Victorian lockdown to see the acrimony on full display. But…
There have been changes to the taxation legislation to limit deductions that can be claimed by property investors for holding vacant land. These changes received royal assent on 28 October 2019 and apply to costs incurred to hold vacant land on or after 1 July 2019, even for land held before that date. But since many investors…
The announcement of the HomeBuilder stimulus from the federal government in early June has been met with a mixture of excitement and criticism. The scheme grants $25,000 dollars for new home builds and renovations where: The recipient is an owner occupier; The recipient earns no more than $125,000 per annum as a single applicant or…
With insolvencies at an all-time high, and the continued risk of constructing high-rise unit blocks, it is essential developers focus on the ‘missing’ middle ring, employ a sustainable business model and address imbalances in the property market. This has never been more important, as figures show building approvals, especially in Sydney, are on the increase….
Don’t let the excitement of a new renovation blind you to the major problems you can have if the correct insurance is not in place. Everyone watching ‘The Block’ or Grand Designs gets excited about renovating, whether to update or extend due to new family commitments or as a way of increasing the sales value…
You may have been misled. You see…a rash of popular reality TV programs have highlighted the easy money to be made in property renovating, which may have led you to believe that renovating is an easy and surefire strategy to generate profits from property. But the reality is, renovating won’t always make you money. In…
We are a nation obsessed with home renovations. Just take a look around at your own street or suburb, or turn on the TV to see the number of home makeover shows on offer. Housing Industry Association research shows that house-proud Australians are expected to have spent more than $30 billion on renovations in the…
So, you want to take on a construction project. It’s an admirable ambition – and a smart one at a time when the market in most major cities looks to have bottomed out and be on the verge of recovery. Striking while the iron is hot and taking on a construction project is a good…
Are you ready to step up to property renovations and development? I know a lot of investors are considering this as the next phase of their investing, especially at present when capital growth is slow (or in fact minimal in some locations) Well..here are the answers you may have been looking for to ensure you…
