Almost 80% of landlords fail to maximise depreciation claims against their investment property, potentially missing out on thousands of dollars come tax time.
With negative gearing only available for investment in newly-built residential property existing investors will find it more difficult to sell their properties as other investors will show little interest in existing property with inevitable falls in value to follow.
The Western Australian government's decision not to reinstate the first home owners grant is a missed opportunity, but there is still good value to be found in Perth.
First home buyers who will enjoy the benefits of less stamp duty, at a time where we’ve had easing house prices in Darwin and historic low interest rates.
Sellers are likely to list their properties after the election, and buy in the traditional spring selling season, says Raine & Horne Executive Chairman, Angus Raine.
To commission a roofing specialist to check drains, pipes and tiles, expect to pay a few hundred dollars, which will be money well spent, as problems on, or in, the roof have the potential to be very tricky and therefore costly to repair.