By Peter Sarmas on 10 Jan 2015 No Comments
Owners of rental properties may need to exercise greater prudence when it comes to assessment of rental incomes and tax expense claims in 2015. The ATO will target rental properties and expand its investigation into many other areas and issues to ensure that taxpayers pay the appropriate amounts. ...
By Peter Sarmas on 3 Jan 2015 No Comments
Digital Finance Analytics have updated their savings intentions data, using results from their latest household surveys. Using the DFA property segmentation, they compare the relative value of savings across the segments, and compare this distribution with last year. ...
By Peter Sarmas on 27 Dec 2014 No Comments
Why are property sellers achieving excellent results at auction and selling their homes under the hammer rather than by private sale? Melbourne lived up to its reputation as Australia’s auction capital with a record-breaking year in 2014. About 40,000 auctions were held – a new record, up from 34,500 last year and beating the previous record of 34,619 set in 2010. ...
By Peter Sarmas on 19 Dec 2014 No Comments
Property sales are occurring before auctions take place and an increased number of Melbourne property auctions are being passed in and negotiated rather than sold under the hammer. Find out what happened in the property market last week. ...
By Peter Sarmas on 15 Dec 2014 No Comments
A clearance rate of 70 per cent was recorded this weekend, compared to 66 per cent last weekend and 68 per cent this weekend last year. Of the 1266 auctions reported to the REIV, 881 sold and 385 passed in, 192 on a vendor’s bid. The inner Melbourne region has had the highest clearance rate so far this year, at 73 per cent ...
By Peter Sarmas on 13 Dec 2014 No Comments
Melbourne's spring property auction market has been the strongest ever and there have been two record property auction weekends in the past five weeks. ...
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