It’s no surprise most Australians do everything they can to reduce their tax payable and increase their tax refund.
Tax evasion is a crime, but there are many legal ways in which the Australian Government allows you to reduce or redirect your tax payable – and you can use these to your benefit to build wealth. Here’s how…
Homeowners Prepared For Rate Increases Even if interest rates continue to rise, most homeowners are well prepared to cope with it according to Bankwest. Its customers have nearly tripled the rate of savings in offset accounts over the past two years with 90% of its borrowers head on their repayments. Westpac says 72% of its […]
Rentvesting: what is it and how can it help you enter the property market sooner? The Australian housing market is notoriously hard to break into. So much so, the Coalition recently announced its plan to allow first home buyers to access up to $50,000 from their superannuation to get into the property market. There’s also […]
Where Property Prices Are Soaring Property prices continue to hit record levels with the value of capital city homes increasing 23.7% in the past year. Australian Bureau of Statistics (ABS) figures show property values experienced their biggest annual increase in value since it began keeping records in 2003. It was the smaller capital cities which […]
More Borrowers Switching Lenders Property owners are shopping around for better finance deals, with Australian Bureau of Statistics figures revealing $14.3 billion worth of refinancing in January. Of that, $9.2 billion was refinancing by owner occupiers with the remaining $5.1 billion from investors. The figures show refinancing levels are 18.7% higher than at the same […]
Buyers Optimistic For 2022 Purchases Rising prices have not put buyers off in 2022, but many are rethinking where they will buy. The Buyer Barometer survey by Real Estate Buyers Agents Association (REBAA) and Property Talk Australia (PTA) reveals homebuyers and investors are optimistic. REBAA president Cate Bakos says the study highlights the “sheer resilience” […]
Aussie Rents Continue To Climb The huge demand for rental properties at a time of ultra low vacancies pushed rents up in 2021 to their highest calendar year growth in 14 years. The latest CoreLogic quarterly Rental Review shows rents increased 9.4% in 2021, only slightly lower than the previous record in 2007 of 9.44%. […]
We Lead The World On House Size Australian homes are now among the biggest in the world. The United States is the only other nation which is building homes as large as ours. Incoming president of the Australian Institute of Architects, Shannon Battisson, says the average floor space of a new freestanding home in Australia […]
300+ Suburbs Hit $1mil Median An additional 311 Australian suburbs now have median house prices of $1 million or more, with Sydney and regional NSW accounting for the largest number of new entrants. CoreLogic data shows that between May and December 2021, 38% more suburbs recorded a median price of $1 million or more. In […]
A case study- understanding risk Would you choose to buy in Moranbah or in Toowoomba? Right now it appears a fairly easy choice between the two Queensland centres, but 10 years ago it was a very different scenario. The central Queensland mining town of Moranbah remains our greatest example of a boom-bust scenario. Until 2012, […]
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