Affordability in residential housing across Australia is showing positive signs of improvement, according to the latest Adelaide Bank/REIA Housing Affordability Report. It revealed that over the December quarter, the proportion of income required to meet loan repayments decreased by 1.4 per cent to 30.4 per cent ...
The truth is that life has never been easy and property in high demand areas is rarely affordable. The key point in the article is that Tom is searching for somewhere to live in the inner city of Melbourne, which neatly summarises the great real estate problem in Australia. There are only 23 million heads in this vast country, but ...
The property market showed signs of stabilising in 2012 as the Reserve Bank of Australia reduced interest rates to an all-time low of 3%. Recent avoidance of America's "fiscal cliff" and the latest Chinese export data changed sentiment among some economists. Three of the four major banks have revised expectations of 3 rate cuts by the RBA this year ...
As tax time approaches, property owners should make sure they understand which deductions they are entitled to claim - and which they are not. Owners of income-producing properties can claim depreciation deductions related to the building's structure via the capital works allowance. As a general rule, homes built after ...
Looking for an affordable way to own your next home? Swedish furniture company IKEA has recently launched the ultimate fold-out product: a flat-pack house. The 16.2m x 4.3m pre-furnished home has been given the name 'Aktiv' and was created in collaboration with US architectural firm Ideabox ...
It is so important for property investors to claim all the relevant deductions available to them, especially with tax time just around the corner. Unfortunately, depreciation is the most commonly missed deduction because it is a non-cash deduction. The ATO allows property investors to claim a deduction back at tax time to compensate for the property getting older ...