Capital Gains Tax or CGT is one of those taxes no one really wants to pay. In fact, questions around Capital Gains Tax are very common here on Property Update. So, let’s dive deeper into CGT so everyone has a better understanding of what it is and how you can minimise its impact on your…
When the topic of investing in apartments and managing strata levies comes up, it often generates some robust discussion. While body corporate or strata fees don’t seem to concern some investors, others avoid such properties like the plague. Is there a middle ground? And is buying a property with body corporates really a problem? Why…
When it comes to investing in property for the first time, you may feel like you’re in over your head. Lacking disposable income and investment know-how, your chances of surviving the property market as you compete with cashed-up investors may seem slim. However, here’s 3 reasons I would suggest you consider investing from a young…
When it comes time to make big financial decisions, research consistently shows that women more frequently hold the purse strings than men. While this is a positive finding, as women tend to make intelligent, thoughtful, informed financial decisions, it also has the potential to drop an anchor in your investment portfolio’s growth. If you’ve ever…
Regular readers of this blog would be aware of my unwavering commitment to adopting a long-term perspective when it comes to making financial decisions. While I firmly believe in this approach, I also recognise that there are occasions when short-term decision-making can offer advantages. Nevertheless, it’s important to note that such instances are infrequent and…
The Real Estate Institute of NSW (REINSW) has uncovered another underhanded plan by the NSW Government to charge property owners more, aiming to offset increasingly “unaffordable” insurance costs. Buried within the Budget’s explanatory notes is a reference to the NSW Revenue Legislation Amendment Bill 2024. This bill outlines the NSW Government’s strategy to shift the…
The dream of owning your own “castle” has changed a little, with many first homebuyers today buying an investment property first instead. Australians increasingly want to live close to work and where the action is, which is why most people like to live close to the capital city centres, but with prices rising across most…
Capital gains tax (CGT) is the tax you pay on profits from selling assets, such as property. You essentially make a capital gain when the difference between the cost of purchasing your property (or another asset) and what you gained from selling it is greater than zero – in other words, you made a profit….
Housing affordability for home buyers has finally turned a corner with the March quarter of 2024 showing improvement for the first time in three years, according to the latest data from the Real Estate Institute of Australia (REIA). But it’s really a tale of two cities. REIA President, Leanne Pilkington, highlighted that while housing affordability…
If you’re a first-time investor, champing at the bit to purchase the first property in what will (hopefully!) become your wealth-building real estate portfolio, it can be a daunting task knowing where to start. There is loads of advice out there on how to go about it, but possibly even more important than the “how-to”…
