When you renovate the house, you are doing an investment in the property's value. You will be looking towards making profits off of it. Most people who intend to stay in a house for a long time go for renovation. However, those who intend to sell their properties also try to renovate different spaces so that the value of the property goes up and they get better profits. After all, a new house with all...
Paying the CGT cuts through your profits when you are selling an investment property. You must be searching for a way to forego the CGT during the selling process. Is it even legally possible to sell an investment property without the CGT? Yes, it is possible. Read on to find the tax loopholes in the whole process so that you get the cream of your profits for future investments. There are some situations...
Investors are falling short of safeguards as the Australian housing market goes through a radical decline in the pricing of houses. The pandemic induced a COVID housing boom in Australia in 2021, and housing prices soared by unbelievable margins. However, the downturn in Australia's property market started in early 2022 as prices in certain suburbs declined by huge margins from the peak levels. Some of the...
Real estate has been one of the promising and reliable investment options for many years. The history of the Australian property market has shown how it remained resilient in times of financial crisis. Commercial real estate has found recognition as a promising passive income investment option. However, it is important to know how property investments could help you earn passive income. The following...
Once you have decided to put your work uniform in the closet, you can prepare to relax at your home. After all the years of effort you put into your work, retirement definitely seems like a blissful experience. However, only 46% of people over the age of 40 in Australia have confirmed their preparedness for retirement. At the same time, you can also factor in many other factors which can lead to...
Rental properties are generally perceived as a substandard investment in real estate. Does owning a property qualifies as something better than renting a property? Apparently, the chief executive of the Real Estate Institute of Victoria has a different view on rental properties. The interesting fact about Quentin Kilian is that he does not own a home and lives in a rental property with his wife. It may...
The choice will initially be made to first-home buyers purchasing a property up-to $1,500,000, for both owner occupiers and investment properties. Whilst the scheme will be available from January 16, 2023, eligible first home buyers who sign a contract between 12 November 2022 and 15 January 2023 will be eligible to opt into the property tax. However, these purchasers will be required to pay any...
Real estate is one of the easiest and popular investment options, with assurances about high profits. One of the foremost advantages of property investment is the opportunity for wealth creation. In addition, investments in real estate could serve other viable outcomes such as safeguarding your cash from inflation or using equity as leverage. However, it is important to know the best practices for...
Retirement planning is one the toughest challenges for every individual. Some of you must have set aside a retirement savings account for accumulating enough to get through old age. However, reality depicts a completely different scenario as majority of Australians are headed towards low-quality retirement life standards, owing to lack of money. How can you gauge the severity of the financial challenges...
Investment in properties can be a tough and challenging task, especially considering the volatility of the market. The foremost challenge with property investment is the intimidating nature of the job. Property investments bring many important tasks associated with them, such as renovations and repairs. In addition, the documentation associated with property investment is another troublesome factor for...
