Like going to the dentist, some things in life simply can’t be avoided. However, understanding our tax obligations, and the ways to easily manage them and minimise their impact, makes them a lot less painful. Here’s a brief overview of the capital gains tax (or CGT). A capital gain, or capital loss, is basically the difference between the amount paid
With another election done and largely dusted, and with property matters high on the parties’ agendas, it’s a good time to take a look at its ramifications for buyers, sellers and investors. Overall, the Liberal National party’s unexpected win over the weekend is good news for property, its stance on allowing negative gearing and the capital gains tax to remain
Considering making some changes to your living arrangements? This may mean looking at smaller, low maintenance properties, however there’s another option to consider; that’s retirement living. The 2018 Property Council Retirement Census showed nearly 30% of new retirement communities under development have vertical village components, and with modern retirees seeking holistic lifestyle solutions, this means a greater range of services
Buyers remain active as we enter the cooler months, seemingly undeterred by chillier weather and keen to take advantage of attractive buying opportunities. While the credit squeeze has deterred some, there’s been no marked change to buyer demographics over the past year, Melbourne’s sought after eastern suburbs continue to attract a diverse range of buyers. “Accurately priced property is selling,”
When we think about winter we conjure up images of warmer colour palettes, soft timbers, inviting fireplaces and comforting sofas. In essence creating a warm and cosy interior. When presenting your home for a winter sale it is important to play to these senses, creating an environment in which one wishes to linger, therefore increasing the likelihood of your buyer
Did you know that it only takes 8 seconds for a potential buyer to sight your home and pique their interest? That is why it is so important to present the outside of your home in the best light. To start, walk across the street and take a long, hard look at your place. Does it stand out for the
There are distinct advantages to selling a home in winter, especially if you adopt a few simple strategies to maximise buyer interest. While the season sees fewer auctions and a reduced number of properties in the marketplace, this shorter supply often brings respectively higher numbers of buyers to listed properties, especially when compared to a saturated spring market when buyers
Rentvesting; relatively new term, reasonably longstanding concept. Rentvesting is where you rent the property you currently want to live in, yet you get on the property ladder by purchasing an alternate property as an investment. One of the downsides to rentvesting is that when you eventually sell your investment property, you have to pay capital gains tax. If, however you’re
With housing affordability in recent decades seeing a growing trend towards children living at home for longer, a gentle nudge towards home ownership will ultimately give them independence and long-term financial security. Now is an ideal time to buy, improved affordability across the nation while the market undergoes an adjustment offers some very attractive buying opportunities. At the same time, however, changes to lending policies rolled out in recent months make it
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