Tax deductions for landlords.
Calculating what are legitimate tax deductions for landlords can be tricky. It is not surprising this time of year to see the ATO announce crack downs on areas where they feel tax revenue is slipping through the net. This week was landlords, capital gains and work-related tax deductions. ATO claim 9 out of 10 landlords…Read More→
How do rent increases work?
The apartment rental market is red hot and owners and renters are all talking about rent increases. They have lots of questions and are asking what the rent increase rules are. Owners and renters are asking… How much can the rent be increased? When can it be increased? Can the rent go up during a…Read More→
Rising rents & interest rates will end WFH.
The shortage of housing, rising rents and the sharp increase in interest rates could reduce working from home (WFH) and force people back to the office or workplace. Here is why. Housing shortage. This week the National Housing Finance and Investment Corporation (NHFIC) released is third “State of the Nation’s Housing 22-23” research report. You…Read More→
Putting in a rent freeze has been tried. What happened?
Putting in a rent freeze or controls has been floated by the Greens as a solution to cool Australia’s red-hot rental market. It’s a feel good idea but most people agree that it wouldn’t work. Rather than debate what impact a rent freeze might have, we can see the results where it has already been tried….Read More→
Eviction notices – What is the process?
Eviction notices can be a tricky area and the best outcome is achieved when owners, agents and renters all stay in close communication and respect each other’s situation. Below we discuss. 1. What are the main types of notices? 2. Why do they need to be issued? 3. What is the process for issuing them?…Read More→
Stamp duty on the way out. 🤞
If you could choose between paying stamp duty (once) or an annual land tax, which one would you pick? This is not a live option in Victoria yet, but it’s on the table as part of the Victorian Government’s wide ranging inquiry into stamp duty. Several state governments (and ACT) have either started to wind…Read More→
Rent increases – How much and when?
Rent increases can be tricky waters for both owners and renters and for good reason. There are 6 points to know and below we cover them all. 1. How much should or can rent be increased? 2. Do I lose money if the renter moves out? 3. When can rent be increased? 4. Does a…Read More→
How to change property managers.
Want to change property managers and not sure how to go about it… The good news is it is easy. Here are the 5 steps to make it happen. Find a new property manager that is right for you. Agree the service fees and scope. Sign the property management and leasing agreement. Complete the owners instruction…Read More→
Property management fees and letting fees?
Everything you want to know about property management fees and letting fees. How much are property management fees and what is included? How much are letting fees? How much is advertising costs and what’s included? Are professional photos really necessary? What is an account service fee? Are the fees negotiable? When do you actually pay…Read More→
Housing stress made worse by super changes
The current challenges of housing stress should be front and centre for all government policy, but I am not sure the recent changes to superannuation appreciate the knock on effect. Property is a long-term investment and superannuation is a long-term saving plan. So, property investment and superannuation are a beautiful match. It is no surprise…Read More→
Interest rates rise on apartments – What is the impact?
We all know interest rate rises impact the apartment market but what else is at play? When economists refer to the Reserve Bank (RBA) slowing the economy, you will hear them say, “They only have one lever to pull”. This refers to the RBA’s influence on economic policy being limited to setting the interest rate…Read More→
Will rent keep rising?
How far and for how long will rents rise? The rental market was tipped to be red hot in 2023. January has been frenetic with queues of people at rental inspections. Existing renters are seeing increases of anywhere from $20 -$90 per week. Unsolicited offers above asking rents are also occurring. The press is awash…Read More→