If you own an investment property and rent it out, you can write off a number of costs on your annual tax return. This includes claiming a deduction for any borrowing expenses incurred and any cost incurred for arranging finance to purchase it. Tax time is a big bonus for many Aussies with rental properties,…
Building a granny flat out the back of your property has fast become a popular way to increase your living space or even earn some extra rental income, but does it make good investment sense? According to reports, the number of granny flats being approved and built in NSW is at an all-time high. The…
Victoria has become Australia’s second-most popular state for international buyers and tenants eyeing a move to the lucky country last month. New figures from PropTrack show that offshore demand for rentals is currently 32% above historical norms, with increasing interest coming from the UK, New Zealand, and China. Only New South Wales had higher demand…
If you’ve been reading my blogs you’ve heard it before. But the message is so important I’m going to tell you again… Everyone has good and bad habits. Another way to put it is we all have rich and poor habits. In fact, I’ve written an international best-selling book called Rich Habits Poor Habits It’s…
There’s no real ‘secret’ to property investing success, but as I’ve said many times before, there is a strategy. There are so many articles around about how to make sure your property investments outperform the rest of the market. The right location, the right price, the right plan… Searching for the ultimate path to guaranteed…
It’s now two years since the RBA first started to raise interest rates resulting in the biggest tightening cycle since the late 1980s. Rates have gone much higher and stayed high for much longer than I thought would be the case as Australian households proved more resilient than expected thanks to a combination of a…
Over the past two decades, the average growth in the median house price across the top five capital cities has been 5.3% p.a. This rate is considerably lower than the preceding 20-year period from 1983 to 2003, during which median house prices grew by 8.7% p.a. This significant difference in growth rates has substantial implications…
Books, blogs, and magazines are full of great tips on what to do to become a successful property investor. However today I’d like to look at a number of things successful investors don’t do. 1. They don’t concern themselves that the markets are unpredictable. Successful investors are comfortable with the reality that their future can’t…
In the current property markets where capital growth will be subdued for some time, more sophisticated investors are considering getting involved in property development to enable them to “manufacture” capital growth. However, embarking on property development isn’t as simple as it might seem and unfortunately, too many investors begin their property development journey on the…
If you google my name – God forbid – then more often than not, my version of the property clock will be one of the first articles in the run down. I don’t know why, as I have said some pretty outlandish things in my past, but the clock seems to stick. It is a…
