Domain’s latest Rent Report for the June Quarter of 2024 reveals positive news for tenants, with several market indicators shifting in their favour. The report also predicts that this trend will continue over the next year, providing further relief for tenants. The biggest trend is that most major cities are seeing rent prices either declining,…
Recently the Australian Taxation Office sent around a bulletin busting 5 common tax myths. Did you believe any of them? Myth 1: Investors can claim travel expenses to visit their residential investment property. Since 1 July 2017, investors can’t claim travel expenses to check on their residential investment property. This includes long and short-term rentals,…
Right now things feel awful. Tuesday’s Westpac Melbourne Institute survey shows three times as many Australians say their finances have worsened than say they’ve got better, and twice as many think the economy is getting worse as think it is getting better. The national accounts show real income per Australian (adjusted for inflation) has been…
What’s ahead for property in the new financial year? Well, Australian home prices are forecasted to rise again over the next 12 months, although the pace of house price growth is expected to be slower compared to the last 2 years, according to Domain’s FY 25 Price Forecast Report. However, there will be a marginal…
When it comes to offering opinions on the state of Australia’s housing market, many commentators like to compare cities with cities. It might be a case of “Brisbane rising quickly” while “Perth takes a breather” or “Melbourne’s housing market remains flat”. The comments are applied to each city in its entirety, rather than checking what’s…
When it comes to renovating, the majority of home renovation projects are an investment that can add both value and appeal to your property. But there can be a big difference between renovating your own home for aesthetic appeal and to suit your own personal taste, versus renovating an investment property with the goal of…
My chart this week illustrates Australia’s population projections over the next 25 years. I have used the medium projection series, and this is founded on the population data and trends as at financial 2022. It is the most up-to-date data and was released about a month ago. The projections are divided into several scenarios, showing…
Is it better to invest in a house or an apartment? These are age-old questions that aren’t easy to answer. You see, a few things have happened recently that have caused investors increasingly shy away from investing in apartments. We’ve seen a shift-change to a new working and home life prompted by the COVID-19 pandemic,…
Have you considered getting involved in property renovations? Making a tidy profit renovating a property seems like a very attractive proposition, doesn’t it? And that’s why more real estate investors are turning their aim to renovations. You know… buying low, renovating cheaply and adding substantial value is the aim of the game. It sounds simple…
When it comes to buying an investment property, you want to make sure you’re putting your money into an investment-grade property in a growth suburb. This is why it’s so important to look at the average house price growth over at least 10 years – it helps give a great indicator of what to expect from your…
