• Achieving your goals through property investment

    Aussies who want to enjoy a comfortable retirement or are struggling to buy their first home should consider property investment as a means of achieving their goals, according to Steve Smith, property consultant for WealthMart. “While the average price of a house in Sydney is $1.1 million [according to the March Domain State of the Market Report], […]

  • Government rules out tax cut for family trusts

    The government has released draft legislation clarifying that passive investment companies and corporate beneficiaries of family trusts will not be able to access lower tax rate for small businesses. A media release from Minister for Revenue and Financial Services Kelly O’Dwyer this week revealed that the policy decision made by the government to cut the […]

  • Can I back-claim for depreciation on my rental property?

    Yes you can back-claim depreciation of your investment property for previous years… If you have held your investment property for a number of years but didn’t realise you could be claiming depreciation on it, you have effectively over-paid your taxes and you are entitled to claim the over-payment back.  How many years you can back-claim […]

  • Interest Only Changes: Competition encouraged but with prudent lending standards!

    The Reserve Bank has warned that recent competitive tensions in the home loan market are the key driver behind recent risky lending behaviours among the banks. Speaking at the Melbourne Institute on Friday, RBA assistant governor Michele Bullock explained how a concentrated banking system such as Australia’s – where the major banks share 80 per […]