Property Owners Warned About Underinsurance as Summer Storm Season Approaches
17 November 2016

Property Owners Warned About Underinsurance as Summer Storm Season Approaches

A Property blog by Paul Bennion.

Recent storm damage in areas such as South-East Queensland, Victoria, New South Wales and Victo-ria, highlight the need for property owners to make sure they are properly insured. The widespread damage to properties by storms covering such a large geographic area shows that no-one is immune from having their home damaged.As we enter the summer months when the danger of bush fires is also extremely high in some areas of Australia, it is timely to remind property owners to have adequate insurance cover. 

07 November 2016

Investors need to ware when Buying a Property with a Swimming pool

A Property blog by Paul Bennion.

With summer fast approaching in many parts of Australia, buying a property with a swimming pool may seem an attractive lifestyle option for property buyers.While swimming pools can be a fantastic lifestyle feature of a home, for property investors they can prove to be a financial burden that eats into cash flow.Many investors buy a home with a swimming pool believing that they will prove attractive to tenants and therefore achieve a higher rental return.

31 October 2016

8 Tips for Rookie Investors when Buying a Strata Property

A Property blog by Paul Bennion.

A majority of property investors tend to buy strata properties because they are low maintenance. However, if you are a first-time investor, you should consider the fact that buying a strata property is very different from investing in a stand-alone traditional house. First time investors should consider the following eight points when buying a strata company. 

Individual Tax Payers Recieve $33 Billion in tax Deductions
24 October 2016

Individual Tax Payers Recieve $33 Billion in tax Deductions

A Tax Depreciation blog by Paul Bennion.

It is an unfortunate fact that too many tax payers in Australia who own investment properties still miss on out generous tax depreciation benefits they can legitimately claim.The latest figures from the ATO show during the 2013/2014 financial year individual tax payers received $33.3 billion in tax deductions.  “The individual taxpayers who collectively received this $33.3 billion in tax deductions qualified for these refunds by using legitimate tax deductions. For example, individuals collectively were able to deduct $20.7 billion for work related expenses during 2013/2014.  

17 October 2016

Number of Building Approvals for Apartments tops over 80,000 last Financial Year

A Tax Depreciation blog by Paul Bennion.

If you think you noticed a surge in apartment developments over the last year in your capital city, you will not have been mistaken as the latest ABS figures reveal that building approvals for apartments in Australia reached an all-time high last financial year.Overall, building approvals for apartments during 2015/2016 totalled 80,878 which was a surge of more than 20,000 compared to 2013/2014. On an hourly basis, 10 apartments were being approved to be built every hour last financial year. 

10 October 2016

Why Investing in Property can fund your Retirement

A Property blog by Paul Bennion.

With the average life expectancy of Australians now at eight decades and more, it is becoming apparent that superannuation savings will simply not be enough for most people to fund an independent retirement. Currently, the average annual returns from superannuation funds are barely above the annual inflation rate of around 1%. In addition, the average superannuation savings for most people aged over 60 are currently not enough to fund their retirement for 20 years and more.

03 October 2016

Ageing Population to Drive Demand for Apartment Living

A Property blog by Paul Bennion.

One of the most significant trends in the Australian property market is the ageing profile of property owners. This will have major implications for property investors and developers over the coming years as it will shape the type of properties most in demand from property buyers.In particular, the ageing profile of property owners has already led a big increase in the number of people seeking to downsize to apartments.

27 September 2016

Top Five Tips for Buying in a Gloom Market

A Property blog by Paul Bennion.

“Buy in gloom and not in boom,” is one of the best pieces of advice I received about investing in the property market.This is because successful property investors understand that timing is everything when buying real estate.That is why astute property buyers purchase property at the bottom of the property cycle and then achieve strong capital growth during the recovery stage of the property cycle.

19 September 2016

Astute Property Investors Should Target ex Rental Properties

A Property blog by Paul Bennion.

Investor confidence in the Australian real estate market overall still remains positive because of an environment of record low interest rates. Currently, there are many excellent opportunities for investors to purchase prime real estate with great capital growth potential especially in most capital cities throughout Australia. Some of these areas have a high proportion of rental properties and there are opportunities to turn ‘ugly duckling’ ex rental properties into swans through cosmetic renovations.

Property Depreciation
12 September 2016

Property Investors Urged To Claim Tax Depreciation Benefits Because Falling Interest Rates Are Eroding Negative Gearing Benefits

A Tax Depreciation blog by Paul Bennion.

The decision by the RBA to cut official interest rates to just 1.50% in August at first glance can be seen as very good news for property investors. Lower interest rates reduces the borrowing costs associated with owning an investment property. As a result of this downward pressure on interest rates, property investors now can secure fixed interest rates for less than 4% which only a few years ago would have seemed like a dream.