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 [...]
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%.
Perth’s rental market has improved, with reiwa.com 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 [...]
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 [...]