WFH or working from home is the new normal that’s changing the way we live our work week. Like many of us, you have most likely been thrown in the deep end. Boss called it and now you have a laptop on your lap, PJ’s on and a dog licking the keyboard. You’re now thinking,…
The Government announced a Protecting Your Super Package to commence on 1 July 2019 aimed at ‘reuniting’ Australians with their low balance, inactive superannuation accounts through the ATO. Inactive accounts below $6,000 will be transferred to the ATO to protect from further erosion from fees, and data matching will be used to connect with the…
From 13th March 2018 it will be required that most windows be fitted with safety devices in NSW to prevent falls. The new rules apply to openable windows 2 metres or more above the ground outside, and less than 1.7 metres above the floor inside. Image: Fair Trading NSW The devices must: Prevent the windows…
Did you know that as of 1st July 2018 first-home buyers will be allowed to use up to $30,000 voluntary superannuation contributions to place a deposit on a house or apartment? A new $250 million government scheme is on the way to assist the younger generations gain a foothold in the property market. You can…
Over the past 10 years Sydney and Melbourne regions have experienced the strongest growth while other capital cities have generally seen comparatively moderate value increases. Property prices in Wyndham, outer suburbs Melbourne have soared 130% in the past decade. This makes a lot of sense with the rising prices of inner city options are becoming…
On the 9th of May 2017, the ATO announced sweeping reforms to the depreciation laws that have really changed the game for property investors. While the changes present some challenges for investors, one benefit is that buying new property is more affordable (from a cash flow perspective), than investing in second-hand property. The New Rules:…
Considering purchasing your first home in Victoria? There are a number of changes being made to stamp duty measures and a new government initiative that could save you quite a substantial sum and help you purchase your first home. HomesVic HomesVic is a shared equity scheme being introduced from 1 January 2018 with an initial…
Be sure to keep an eye on Queensland property prices as it’s confirmed that interstate migration has hit an all-time high for the sunshine state. The Australian Bureau of Statistics shows that the net interstate migration is the highest it has been in 8 years and doesn’t appear to be slowing down. The Sunshine Coast…
Housing affordability has been making headlines across the nation; especially in Sydney where it’s becoming increasingly difficult to find property under one million dollars. In fact, the newly released annual Demographia report on housing affordability found that Australia has some of the least affordable housing markets in the world. Sydney was ranked as the second…
Australian real estate specialist, and ParkTrent Properties Group’s CEO, Ron Cross says the coalition’s reinstatement is a welcome boost to the property market and investors. Mr Cross believes the proposed changes to negative gearing were a short-sighted move by the Labour party. “Labour’s proposal to lower the discount on the capital gains tax from 50%…