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...
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...
We’ve all heard about downsizing and upsizing, but what about rightsizing? ‘Rightsizing’ is used for when you find the right fit for you. In property terms, this means a property that best suits your circumstances and lifestyle. What is rightsizing? While upsizing and downsizing are largely focused...
Which records to keep for your property so you can work out CGT when you sell it. Property records you should keep For your property, you should keep records of: your acquisition of the property and related expenses, such as purchase contract stamp duty legal fees settlement statement survey and valuation fees your disposal...
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,...
Why you need sale contract conditions If you’re borrowing to buy a home, you’re putting yourself at risk if you don't specify "subject to finance and valuation" in the contract. Don’t be forced into a purchase or lose your hard-saved deposit because you didn’t understand these...
When it comes to selling your home, you’ve probably been thinking about whether you should invest in some renovations before putting it on the market. The fact is, buyers prefer homes that require minimal work. But not all renovations will guarantee a more sizeable return. In...
Renting out your property or holiday home If you rent out property, you need to: keep records right from the start work out what expenses you can claim as deductions work out if you need to pay tax instalments throughout the year declare all rental-related income in your tax return consider the...
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...
Home equity, the value of your property minus any debts owed, is a powerful financial resource many homeowners in Australia can utilize to further their financial goals. Whether you're looking to invest in the market or undertake significant home renovations, understanding how to use this...
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares.