Queensland investors to be slugged with massive land tax bills

Introduction of a new tax regime in Queensland or a cash grab scheme? Investors who own properties in Queensland as well as other states are set to be slugged with massive land tax bills following the introduction of a new tax regime in Queensland. New legislation was passed on June 24, which allows the Queensland […]

Building Costs To Ease Next Year

Building Costs To Ease Next Year Surging construction costs have made many projects unviable, with a number of developers deciding to shelve projects until next year when prices are expected to ease. Quantity surveying firm Rider Levett Bucknall (RLB) predicts increases in construction costs will slow from 11.5% this year to 5.5% in 2023 on […]

Govt Charges Deter Foreign Buyers

Govt Charges Deter Foreign Buyers While Australia needs foreign investment to help power the economy, higher application fees for foreign investors are expected to deter them from buying here. Property Council of Australia chief executive Ken Morrison says the July 29 doubling of foreign investor fees is not a solution to fix housing affordability issues […]

Migration Lift Will Increase Rents

Migration Lift Will Increase Rents Plans to increase migration into Australia could cause rents to increase further. CoreLogic Head of Research Tim Lawless says the market is already experiencing dramatic rent increases as a result of a national vacancy rate of just 1%. With the Federal Government indicating it wants to fill labour shortages by […]

Borrowers Refinance For Lower Rate

Borrowers Refinance For Lower Rate The number of mortgage holders refinancing has surged following recent interest rate rises. Refinancing of existing loans has increased 17% in the past few weeks, while all lenders are reporting very strong levels of inquiries about refinancing. Borrowers are being encouraged to review their interest rates annually to ensure they […]

The Face Of Housing Is Changing

The Face Of Housing Is Changing The location of Australian housing is changing, with new homes now being built outside of traditional residential areas. The number of apartments approved for mixed-use settings, such as the above retail projects, is on the increase with Australian Bureau of Statistics figures showing mixed-use or city centre approvals accounting […]

Consumers Reject Negative Forecasts

Consumers Reject Negative Forecasts Despite daily media articles declaring that property prices are set to fall 15% or 20% or more, most Australians don’t believe it. That’s according to the latest Finder Consumer Sentiment Tracker, which sought consumers’ views on the direction of house prices in the next 12 months. Even in Sydney and Melbourne, […]

Smaller Lenders Offering Lower Rates

Smaller Lenders Offering Lower Rates Homeowners may be able to take advantage of the competition from smaller banks to negotiate better mortgage rates, despite the Reserve Bank lifting the official interest rate twice this year. Mike Gill of PEXA says the RBA increases have resulted in more competition in the lending market, which means good […]

Winter RBA interest rate rise adds pressure amid looming energy crisis

Winter RBA interest rate rise adds pressure amid looming energy crisis   On Tuesday, the Reserve Bank of Australia increased the official cash rate by 50 basis points to 0.85 per cent – the second increase since 2010 and the highest in 22 years.  While the increase alone will add $133 a month to the […]

Reventon’s top tax time tips

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…