Imagine you just received a letter from the ATO advising they will be conducting an audit of your tax affairs. For many this is a daunting task and dare I say it; even a visit to the dentist is looking better. With an increasing number of ATO audits it is imperative that as a property…
What’s going to happen to the rental markets and vacancy rates as a result of the coronavirus pandemic? Nationally the rental markets started the year strongly. The latest quarterly Domain Rent Report, showed record rent rises in Sydney, Melbourne, Adelaide, Perth, Canberra and Hobart. But this will now be short lived as COVID-19 impacts our…
I am sure you have heard certain points in time are those when “The rich get richer”! I know I always used to think to myself, if only I could find them! Amongst the doom and gloom that is Coronavirus, I have some good news….. That time is fast approaching. Here are my thoughts; See…
With many Aussies feeling the financial pinch as a result of the COVID-19 outbreak, Australian credit card holders are turning to banks in an attempt to secure some much needed relief. In recent weeks, the Big 4 have announced a number of measures to provide support to their customers during this difficult time, offering assistance in the…
![[Podcast] Coronavirus – who’s going to be hit the hardest? With Simon Kuestenmacher](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/04/be-his-hardest-by-coronavirus-3-270x200.jpg)
Most of us have accepted the situation we’re in. We’re adapting to a new normal. The bulk of the world is in official or unofficial lockdown, we’re taking the threat seriously, and we’re seeing unprecedented government support. We’re reminded of the importance of family and friends. We’re locked in with them or keeping in touch…
The NSW State Government announced a $440 million in relief for renters and landlords affected by Government-enforced COVID-19 restrictions. The package is targeted at keeping people in rentals over the next six months. “This policy is about protection,” NSW treasurer Dominic Perrottet said. “Protecting tenants from being evicted due to circumstances outside their control. It protects landlords from…
Are you wondering what to do if your tenant can’t pay the rent due to Coronavirus? I know a lot of property investors are. There is no doubt that the economic fallout and job losses caused by COVID-19 will affect all of us to some degree. Some tenants will be struggling to pay their rent…
Both commercial and residential landlords will be banned from evicting tenants who can’t meet their commitments because of financial stress caused by the coronavirus economic downturn for the next six months. This is part of what Prime Minister Scott Morrison calls the “hibernation approach” as the government tries to build bridges for us to get…
Aren’t we living in incredible times! It may appear we are on a downward spiral as each news flash drives our emotions darker and deeper. As a human being, let alone an investor is an incredibly difficult time. Many of us have momentarily lost our rudder, our direction, clarity and certainty and I suggest it…
How Much Money Do You Need To Be Wealthy And Free? If you had one million dollars, would you take risks and work hard to make it five million? Suppose you had five million – would you be wealthy enough to relax and pursue non-monetary goals, or would you push onward to reach ten…
