The End of Financial Year Is Here!
It’s that time again July 1st, now’s the time to review where your finances are at and where you’d like to be in 12 months time. Do you own an investment property? All works or repairs you’ve been putting off should have been carried out so you can claim the expenses this financial year. Gather statements from your property manager and receipts for repairs, building work, insurance, body corporate levies, rates and water from throughout the year. Organise a depreciation schedule if you don’t already have one. The ATO allows property investors to claim………… Click here to view the full report.
If you follow Lake Macquarie real estate, you know Trinity Point is always one of the biggest talking points in our region. Ever since the vision for Morisset Park was first unveiled, local homeowners have watched this site transform into a world-class destination. Between the award-winning marina and the massive ongoing popularity of 8 at … […]
Nerida Conisbee, Chief Economist, Ray White Group The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into … […]