25 May 2015

Melbourne Residents Spending over $150 Million every month on home Renovations

A Property blog by Paul Bennion.

The growing popularity of home renovations in Melbourne is highlighted by the latest ABS figures on building approvals which show that during the first nine months of this financial year Melbourne residents spent $1.39 billion on home renovations.  

18 May 2015

Federal Budget Highlights surge in Personal tax Collection

A Tax Depreciation blog by Paul Bennion.

Figures show that the recent Federal Budget was predicated on collecting even higher levels of personal tax over the coming years from Australians workers.

Property Investors Depreciation
13 May 2015

Lending to Property Investors Jumps by over 1 Billion

A Property blog by Paul Bennion.

It has been very well publicised over recent months that property investors are now very active in the Australian property market due to rising property prices and future expectations of capital growth. 

home Renovations depreciation
11 May 2015

Australians Spending over $100 million every week on home Renovations

A Property blog by Paul Bennion.

During the first two months of 2015, Australians spent $1 billion on home renovations or more than $100 million every week. 

04 May 2015

Five Simple Tax Deduction Taxpayers Overlook

A Tax Depreciation blog by Paul Bennion.

Individual Australian property investors are potentially missing out on thousands of dollars in potential tax deductions each year by not claiming their full tax depreciation entitlements. 

Negative gearing and depreciation benefits reduce tax and generate wealth
27 April 2015

2 Million Reasons To Keep Negative Gearing

A Property blog by Paul Bennion.

Figures produced by the Australian Bureau of Statistics reveals that during the 2011/2012 financial year nearly 2 million taxpayers in Australia owned investment properties.Many of these taxpayers are middle to higher income earners who use negative gearing and depreciation benefits to reduce their tax and generate wealth through property investment.

10 April 2015

Latest Building Figures show Approvals for Higher Density home Jumped by 36%

A Property blog by Paul Bennion.

One of the most significant trends in the Australian property market has been the movement away from traditional family homes to higher density living.

Deppro Depreciation
18 March 2015

An Increase in Median Growth across the Australia continues, what does this mean for Property Investors?

A Property blog by DEPPRO - The Depreciation Specialists.

RP Data have released their monthly snapshot of the median values and property growth within Australia. As expected the growth in house prices has continued throughout February with 29,552 new houses up for sale.

Property Tax Depreciation
02 March 2015

The Strength in the Housing Market is seeing an Increase in Housing Goods Being Purchased

A Property blog by Paul Bennion.

With the housing market looking to only strengthen over the next few years supported by the rise in infrastructure and fall in interest rates, home ware giants such as Harvey Norman are seeing an increase in sales. 

04 February 2015

Reserve Bank Interest Rate Cuts Impact on the Housing Market

A Finance blog by Paul Bennion.

The reserve bank’s announcements of rates cuts to an all time low of 2.25% is set to have an impact on Australia’s housing market. The drop is the first announced by the Reserve bank with the last rate of 2.5% set 18 months ago in August 2013. This drop saw a massive increase in housing purchases however; with house prices at a high this might not have the same impact this time around.