How long to keep rental records You need to keep records for 5 years. Depending on your situation, that is 5 years from the date: you lodge your tax return of your last claim for the decline in value of an asset it is certain that no capital gains tax event...
With increasing cost of living pressures, prospective home buyers are struggling to save a 20 per cent deposit. Don’t lose hope in achieving your dream of home ownership. There are alternative pathways you can consider. Lenders mortgage insurance If you don’t have a 20 per cent deposit saved,...
The how to guide to setting your selling price One of the most critical factors to consider when selling your house is ensuring that you have priced it correctly and have set the right asking price. The Dilemma: Pricing is all about supply and demand. Demand can wane...
Your end-of-mortgage checklist Reassess your home insurance. Review your title. Review your estate plan and will. Assess your personal insurance situation. Think about your next financial steps. Three key priorities There are three key practical steps to take well in advance of paying off your mortgage. 1. Check the insurance Your home is likely to...
Pros of investing in property Income – you earn rental income from the property when tenanted Less volatility – property income and property value can be less volatile than other investments such as shares or bonds etc Capital growth – if your property increases in value, you will benefit from a...
For young Australians, breaking into the housing market feels tougher than ever. Many now fear they’ll never be able to own a home. Despite public debates on whether it’s truly harder to buy a house than it was decades ago, falling homeownership rates across generations suggest the market has...
‘Rentvesting’ promises a foot on the property ladder, but watch your step. As home ownership moves further out of reach for many Australians, “rentvesting” is being touted as a lifesaver. Rentvesting is the practice of renting one property to live in yourself, while simultaneously purchasing an investment...
Amortization period The time taken to repay a debt, including accrued interest, in full through regular repayments. Basis points Refer to a common unit of measure for interest rates and other percentages. One basis point equals 0.01 per cent. For example, 50 basis points equal 0.50 per cent. Break...
For many Australians, purchasing an investment property marks a major financial milestone and for some, one property may meet their goals. For others, it is just the beginning. Moving from one to multiple investment properties is not about repeating the same formula. It requires a shift...
What is buying off the plan? Buying off the plan means buying property that hasn’t been built yet or is still under construction. You buy property based on the blueprints, plans or a display home, instead of a finished product. You pay a deposit when signing the...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.