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Property Depreciation and Tax Benefits

By Landsdale Property Group on July 7, 2017 in Property News | comments
One of the main challenges for property investors Australia-wide is managing the cash flow from their investment property. A tax depreciation schedule, prepared by a specialist Quantity Surveyor, can assist to maximise the cash return from an investment property each financial year. BMT is one of the quantity surveyors that we recommend to our clients.
 
 

Investor Demand Returns

By Landsdale Property Group on February 1, 2017 in Property News | comments

The number of home-loan approvals rose 0.9% in November 2016 from October 2016, the Australian Bureau of Statistics says.

The value of loans for investment housing increased by 4.9% from October, the ABS said. Cameron Kusher, head of research at CoreLogic, says there was a clear trend emerging of investors coming back into the property market, which he expects to continue in 2017.

Kusher says a bank crackdown on lending to property investors in 2015 resulted in sharp falls in new lending to these customers, but "once they were eased, there was still a lot of investor demand in the market place."

 

Aussie's drive prices not foreigners

By Landsdale Property Group on February 1, 2017 in Property News | comments

A Treasury working paper based on five years of research found foreign demand accounts for only a small proportion of the increase in property prices in recent years. The low number of building approvals and completions in the late 2000s has also impacted price growth.

The nation's property values have increased by an average 42% over the past 4½ years, according to one source, dominated by a 67% rise in Sydney and 46% in Melbourne.

Nearly 70% of foreign investment approval applications for housing were from Chinese citizens, up from 50% six years ago.

"It is difficult to directly attribute price growth in Sydney to foreign investors alone," the Treasury paper said.

State governments have reacted to the growing foreign buyers' demand by raising stamp duty on foreign transactions to slow down the activity. 

 

613 Suburbs Reach $1 Million Median

By Landsdale Property Group on September 6, 2016 in Property News | comments

Over 600 suburbs in Australia now have a median price of at least $1 million, up 29% over the year, according to CoreLogic. Most of them are in New South Wales.

Houses, with 570 suburbs listed (93%), dominated the million dollar median group of 613 suburbs while the remaining 43 (7%) were for units. Research analyst Cameron Kusher says the number of million-dollar suburbs has increased 125% over the past three years.

Tasmania was the only state in Australia where no suburbs reached a median value above $1 million.  In New South Wales, the proportion of suburbs with a median value of at least $1 million has increased over time from 60% of national suburbs in 2008 to 68% in both 2015 and 2016.  Victoria also increased its proportion of million dollar suburbs from 13.6% in 2008 to 16.6% in 2016.  Queensland and Western Australia experienced a large decline in the proportions of suburbs with a median value of at least $1 million between 2008 and 2016.  

Mr Kusher said, "The data highlights the bracket creep that has occurred over the housing growth cycle, and how housing affordability in Sydney and to a lesser degree in Melbourne has deteriorated." The top 25 suburbs achieving the highest median values are those located in locations such as Sydney's waterfront and the inner-city suburbs.  Toorak (ranked No.9) and Peppermint Grove (ranked No.17) are the only two suburbs shown that are not located in Sydney.