Investors will be piling into the Adelaide market – just as soon as they read somewhere that there’s a boom in the South Australia capital. But not before. The only constant in the residential property market is that the herd mentality drives the actions of buyers and sellers. Adelaide right now is a strong value-for-money proposition, with one of the steadiest and most consistent markets in capital city Australia, underpinned by an economy that the experts have recognised as

The change in median dwelling price across most capital cities was moderate year-over-year, according to realestate.com.au’s April Property Outlook report. Sydney posted the sharpest annual drop at 8%, down to $830,000. Melbourne’s median price, meanwhile, declined 4.1% to $660,000. Perth (-3.9%), Darwin (-3.4%) and Brisbane (-0.9%) also reported price drops for the 12-month period. Hobart tracked the opposite direction, recording a steady increase of 5% growth to $425,000. C

The Australian Taxation Office (ATO) announced that it would double the number of audits scrutinising rental deductions. ATO has made rental deductions a top priority in 2019, according to Assistant Commissioner Gavin Siebert. “A random sample of returns with rental deductions found that nine out of 10 contained an error. We are concerned about the extent of non-compliance in this area and will be looking very closely at claims this year,” he said. ATO’s detection methods hav

Many of Australia’s 2.1 million property investors are still missing out on thousands of dollars in tax deductions each year by failing to maximise or claim depreciation for their rental investments. While changes to depreciation legislation introduced on the 15th of November 2017, have impacted some investors, there are still thousands of dollars available to be claimed by property investors. Despite the changes, BMT Tax Depreciation are still finding clients an average of $

Data from property marketing organisation Select Residential Property has listed the Australian suburbs that are best placed to experience a rise in property values across the next three years. Queanbeyan or Toowoomba may be the best places to escape Australia's housing downturn doom and gloom across the next couple of years, according to Select Residential Property. Data from the company has identified the top suburbs with median house prices of about $500,000 which are tipp

Adelaide is starting to attract more investors because of the city’s “great value dollar-for-dollar,” according to a report by news.com.au. CoreLogic’s first Quarterly Rental Review for 2019 showed that rental prices in South Australia’s capital are rising slowly but surely— up 0.8% over the March quarter and up 1.2% over the past year. The median weekly rent for a property in Adelaide is $386, making it the second cheapest rental city in Australia. Gross rental yields, mean

If you’re looking to build a healthy nest egg for your future, then investing in property can be a fantastic way to make a profit. Securing a property that requires some improvement, in the right location, could be your fast-ticket route to building a property portfolio in as little as five years. The secret to this property fast-track is a strategic renovation. A renovation is an excellent way to increase the value of a property at a faster rate than by simply hoping and pra

What are the depreciation rules if you inherit a property? Can you still claim plant and equipment on a new build if it’s a few months old by the time you take possession? And what’s the story if you convert a PPOR into a rental? Tyron Hyde provides some answers... The dust has finally settled on the new legislation regarding changes to the way depreciation will apply to second-hand residential properties. In this article we will dig deep into some of the questions we have co

Labor's announcement that January 1 will be the start date of its proposed negative gearing and capital gains tax changes has drawn condemnation from the Property Council of Australia and the Real Estate Institute of Australia. he Property Council of Australia and the Real Estate Institute of Australia have again voiced their disapproval to Labor's proposed changes negative gearing and capital gains tax after Shadow Treasurer Chris Bowen announced January 1, 2020 as the date

Data from property marketing organisation Select Residential Property has listed the Australian suburbs that are best placed to experience a rise in property values across the next three years. Queanbeyan or Toowoomba may be the best places to escape Australia's housing downturn doom and gloom across the next couple of years, according to Select Residential Property. Data from the company has identified the top suburbs with median house prices of about $500,000 which are tipp