ATO targets property investors

About $45 billion in rental expenses were lodged to the Australian Tax Office (ATO) last financial year, pushing property investors’ compliance with tax laws to the top of the Tax Office’s agenda.       Short-term rentals The ATO is cracking down on taxpayers' declaration (or non declaration) of short-term rental income, popularised by [...]

By | January 9th, 2019|January, News|0 Comments

Strata Titles Amendment Bill 2018

The Strata Titles Amendment Bill 2018 was passed by the Upper House at the beginning of November. Drafting of the regulations will commence shortly with the changes due to be implemented in the second half of 2019. The Community Titles Bill is also being debated in the Upper House and is expected to pass between [...]

By | November 7th, 2018|News, Novemeber, Strata News|0 Comments

Vacancy rates down yet again

Perth’s rental vacancy rate dropped to 3.9% during the September 2018 quarter – falling below the ten year average. REIWA's data shows it's the lowest vacancy rates Perth has experienced since the March 2014 quarter. Gow Property's vacancy rate still remains below the Perth average at 2.5%. 

By | November 7th, 2018|News, Novemeber, Owner News|0 Comments

Rental market remains strong

Perth’s rental market has improved, with data for the September 2018 quarter showing positive results across the board. REIWA President Damian Collins said leasing activity was up, median rents remained stable, average leasing times were quicker and the vacancy rate had plummeted to 3.9% -  the lowest level in more than four years. Rent [...]

By | November 7th, 2018|News, Novemeber, Owner News, Tenant News|0 Comments

$9K in deductions for investors

Did you know that investing in new properties could hold almost $9000 of tax deductions? Bradley Beerm CEO of BMT Tax Depreciation told Smart Property Investment investors are allowed to claim deductions on capital works, which include the property’s structure and items permanently connected to the property to the total of $5065 per year. He [...]

By | November 7th, 2018|Commercial News, News, Novemeber, Owner News|0 Comments

Strata; Australia’s newest trillion dollar sector

With an insured value of almost $1 trillion, covering 2.6 million lots and directly employing 9000 people nationwide, the strata sector is an important part of the Australian economy (source; Strata Community Association 2018). The Australian National Strata Data Report, prepared by the University of NSW City Futures Research Centre and funded by the Strata [...]

By | October 5th, 2018|Commercial News, News, October, Owner News|0 Comments