Cutting out luxuries will only scratch the surface for those trying to get a foothold in the Sydney property market. It is time to look to the outskirts of Sydney, or even Perth, says James Nihill of Patrick Leo.
Leary & Partners quantity surveyor and tax law expert, Kaylene Arkcoll, predicts a bleaker future for investors in residential property, particularly strata units.
BMT Tax Depreciation believes that many investors pursuing a strategy of ‘rentvesting’ may be leaving thousands of dollars of tax savings on the table by not using tax depreciation.