I want to say thank you to all of you who contacted me asking questions regarding my last email about the federal government’s pending  changes to depreciation. So I have decided to write a Part 2 to this article were I will endeavour to answer the questions asked. But before I get stuck in, I’d like to take a step back and review the current situation and add some … [Read more...]

There is so much attention in the media about the recent federal budget changes to negative gearing that I need to be frank with you about a couple of things. Firstly, the world is not coming to an end because of changes to depreciation and secondly, if you invest in property to save tax, get out now! Let me try and explain it to you in simple terms… Currently when we … [Read more...]

Yesterday our Treasurer Scott Morrison handed down the federal budget and the result is good news and bad news for property investors. While watching Sky Business news last night, I watched Scott Morrison do his best to sell his budget to the Australian public. He claims that his big-spending and tax increases will bring the budget into surplus by … [Read more...]

There are plenty of buzzwords that get thrown around in the property industry, and two of the big ones are negative gearing and concessional capital gains tax. Some are claiming that both are the case of booming property prices in Melbourne and Sydney. Federal Treasurer Scott Morrison recently said “Negative gearing has been around for a century. It's an established structural … [Read more...]

Over the last few months, I have been watching APRA and ASIC with an eagle eye and what’s interesting is that they are tag-teaming in their deliberate effort to cool the residential market.  In an announcement to lenders last Friday, 31st March, APRA communicated that they had to: Reduce the number of new mortgages that are interest only to 30%, Limit the volume of … [Read more...]