The good and the bad from scrapping negative gearing

The good and the bad from scrapping negative gearing

Tweet Negative gearing is a hot topic of discussion in the lead-up to the Federal Election on May 18, but what would changes to the current policy really mean for Australians? For those confused about what negative gearing means, it’s essentially when the income from an investment property (i.e. the rent) is exceeded by the costs to hold into it. While making a loss on a property is never the ultimate goal of an investor, Australia’s negative gearing policy currently allows property investors to deduct their property losses from...

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What does the 2019 Federal Budget mean for property?

What does the 2019 Federal Budget mean for property?

Tweet If you were hoping that the latest federal budget would throw a bit of money your way to help make breaking into the property market easier, you’re going to be a little disappointed. However this year’s budget does feature policies that may indirectly help you on your homebuyer journey. Tax cuts Having a bit more disposable income is one way to help Australians save for that all-important deposit. The latest budget includes plans for tax relief for those earning up to $126,000 per year. Those in the $48,000 to $90,000...

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New report reveals time needed to save for a house deposit in Melbourne

New report reveals time needed to save for a house deposit in Melbourne

Tweet The property market isn’t all doom and gloom, with a new report from Domain finding that first-home buyers are in a much better position to buy in Australia’s most expensive cities than they were a year ago. The Domain First-Home Buyer Report for March 2019 analysed entry-level property prices in the most affordable areas of Australia’s capital cities, to identify how long it would take to save for a 20 per cent home deposit. Surprise, surprise, the Sydney property market is the toughest to break into in the country,...

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How far does $1 million go in Sydney and Melbourne?

How far does $1 million go in Sydney and Melbourne?

Tweet While housing affordability continues to be an issue for those buying in the Sydney and Melbourne property markets, at least $1 million can buy you more than a single bedroom. According to The Wealth Report 2019 by Knight Frank, US$1 million will only buy you 16 square metres (or the equivalent of one bedroom) of luxury internal floor space in Monaco, making it the most expensive city in the world. You won’t be able to buy much more in Hong Kong, the second most expensive city in the world, where US$1 million will buy...

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Would you delay overseas travel to buy a home?

Would you delay overseas travel to buy a home?

Tweet You may not need to give up your smashed avocado to buy a home, but new research has revealed that nearly half of Australian homebuyers are forgoing an overseas holiday to get into the property market. According to news.com.au, research from InsureandGo has revealed that nearly half of all Australians who buy a home wait more than three years before going on an overseas trip. The insurance company’s survey found that nearly three quarters of mortgagees didn’t go on an overseas trip in the first year of their mortgage, while 44 per...

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Will the RBA move interest rates this month?

Will the RBA move interest rates this month?

Tweet The RBA will be holding their monthly meeting on Tuesday and while many predict rates to hold for now, an interest rate cut could be on the cards for the future. A finder.com.au survey of industry experts found that 60 per cent believe that the RBA’s next interest rate move will be downwards, a stark contrast from just 22 per cent who believed that would be the case as recently as December 2018. A cut in the official cash rate would bring them down from their historic low of 1.5 per cent to a meagre 1.25 per cent or perhaps even...

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