Replacing earned income with passive income is a goal that many investors aspire to, whether it be through property, shares or operating a business. It all sounds good in theory – but if you want to create an ongoing income through real estate rents, how do you go about achieving this? Ian Hosking Richards, an experienced investor with more than 50 properties in his portfolio, is founder and director of Rocket Property Group. He says the first step to success in this regard i
Find out if you are an observer, speculator, collector, or investor. It’s nice to believe we’re unique but, in truth, human patterns of behaviour are predictable. This isn’t always a bad thing – particularly for professional advisors like me who’ve operated in a specialist field for some years. It helps us identify what’s driving people to act in certain ways, so we can help guide them through their property investment journey. One of the most important steps in the process i
Economists at UBS have lifted their price expectations for Australia's housing market — from a muted recovery between 3% and 5%, their fresh projections are pointing to as much 10% increase by next year. The revision was due to the sharp lending growth witnessed in July. Figures from the Australian Bureau of Statistics show that investor lending grew by 4.7% to $4.6bn, its fastest pace since September 2016. Owner-occupier loans also recorded substantial gains at 5.3% to $13.
One of the most common mistakes made by property investors when completing their annual tax return is confusing repairs, maintenance and improvements. It’s important to understand and distinguish each deduction in order to correctly lodge your claim and maximise your tax refund. According to the Australian Taxation Office (ATO), repairs are considered work completed to fix damage or deterioration of a property, such as replacing part of a damaged fence. This occurs when an as