22 August 2016

How to pick a boom Suburb in Perth

A Tax Depreciation blog by Paul Bennion.

Over the coming year there will still be opportunities for astute property buyers to achieve significant wealth creation in the Perth property market.

The latest figures produced by REIWA indicate that property prices in Perth are nearly at rock bottom with the median price of house in the city falling by 1.4% during the June 2016 quarter.
 
Even in a weak property market, there will be a number of suburbs which will continue to achieve higher than average levels of capital growth.

15 August 2016

Australians Spent a Record 7.7 Billion on Renovations last Financial year

A Tax Depreciation blog by Paul Bennion.

Last financial year (2015/2016) Australians spent a record $7.7 billion on home renovations according to the latest ABS figures.This represents a jump of $1 billion in home renovations spending over the previous two financial years. Back in 2013/2014, national expenditure on home renovations totalled $6.7 billon.Overall, Australians are now spending on average $150 million every week on home renovations.

09 August 2016

Perth Property Market is well Placed to take Advantage of Latest Interest rate cut

A Property blog by Paul Bennion.

Perth is one of the best placed property markets in Australia to take advantage of the latest cut in interest rates by the RBA.The decision by the RBA to cut interest rates at its August meeting will give a boost to the Perth property market and help underpin home prices during the coming year.Property prices in Perth have undergone a major market correction over the past two years. The latest REIWA figures for the June 2016 quarter show that the median house price in Perth fell by 4.7% to $522,500.

01 August 2016

How Perth and Darwin Property Investors can Boost Their Cashflow During the Current Rental Downturn

A Tax Depreciation blog by .

The capital cities of Perth and Darwin have been the hardest hit nationally by the recent down turn in the rental market.This trend is underlined by the latest Core Logic rental figures which show that median weekly rents in Darwin have fallen by a whopping 16.2% over the year ending June 2016 and by 8.6% in Perth over the same period. In comparison, the overall median weekly rent for the combined capital cities fell by just 0.4% during the past year.

26 July 2016

Peter Pan and the Property Investment Market

A Tax Depreciation blog by Paul Bennion.

When Scottish playwright and novelist J.M. Barrie introduced the world to Peter Pan back in 1904, he would have had no idea that more than a century later his much loved character would be used to describe a new breed of property owners in Australia.New research by the Commonwealth Bank has identified ten new social groups in society who will become a dominant force by 2030. Among these emerging social groups are the “Peter Pan’s”.This social group were born between 1954 and 1965 and this generation of Baby Boomers will be aged between 65 and 76 in 2030.

Australian property market
18 July 2016

Property Markets in New South Wales and Victoria are the Biggest Beneficiaries of Oversea Migration

A Property blog by Paul Bennion, Managing Director, DEPPRO.

Overseas migrants historically have played a key role in the development of the Australian property market.


Even though overseas migration has slowed in recent years, the latest population figures show that we are gaining nearly 170,000 new residents in Australia each year as a result of overseas migration.

 

11 July 2016

New South Wales Leads boom in Apartment Living

A Tax Depreciation blog by Paul Bennion.

The latest ABS figures for building approvals reveals that New South Wales (NSW) leads the boom in apartment living that is currently becoming increasingly popular throughout Australia.Overall, the figures show that during May 2016, there were nearly as many building approvals for apartments in Australia than traditional stand alone houses.They revealed that there were 9,190 building approvals for higher density homes such as apartments and units in May 2016 compared to 10,515 for houses.

04 July 2016

Australian Property Investors will miss out on Millions of Dollars in Claimable tax Depreciation Benefits over the Coming Weeks

A Tax Depreciation blog by Paul Bennion.

July 1 heralded the start of the new financial year and it is effectively the starting gun for tax payers throughout Australia to prepare and submit their tax returns for 2015/2016.It is an unfortunate fact that a large number of tax payers who own investment properties will collectively miss out on millions of dollars in tax depreciation benefits over the coming weeks simply because they do not fully claim them through lack of knowledge.

27 June 2016

Melbourne Population boom Creates Opportunities for Astute Property Investors

A Property blog by Paul Bennion.

Melbourne is set to continue as one of the strongest performing property markets in Australia due to its booming population growth rate.ABS figures show that Melbourne recorded the biggest population growth rate of any capital city in Australia last financial year increasing by 2.1%.This is not a once off because over the past ten years, Melbourne average population growth rate has also been 2.1% per annum.

20 June 2016

Seven Golden Rules when Buying a House and land Package for Investment Purposes

A Property blog by Paul Bennion.

Buying a house and land package has become increasingly popular with Australian property investors during recent year. With the start of the new financial year just days away, there is expected to be a surge of activity by investors purchasing house and land packages especially in outer suburbs of capital cities.Property investors should consider the following tips before making a decision to purchase: