New Financial Year Looks bright for investors
With the market in Brisbane experiencing a cooling off in the Winter months, we have been achieving some great deals on properties, especially for our astute investor clients.
The rental market has been strong with our sister-company Property Minders Asset Management leasing properties with multiple applications, and organising tenants to move in the day after settlement in many cases. A few lucky investors have even had tenants pay 3 to 6 months rent in advance!
Whether you're an investor or owner-occupier, talk to us now about your options, and take advantage of improved buying conditions before the Spring rush.
Call or email us for a confidential chat.
A new financial year, a new financial strategy
According to Australia's largest independently-owned mortgage broker, Mortgage Choice, existing and potential borrowers now have a great opportunity to contribute any end of financial year bonus, new pay increase or tax return towards their property goals while checking they are on track to achieve them. Read more
Buy of the Month in Grange
LOCATION: 5kms North of CBD
Purchased for $650,000
Asking price was $650,000
Valued at $665,000
Charming renovated Qlder cottage, raised to legal height under, with 3 bedrooms, 1 bathroom and large deck with Northerly aspect, on 405sqm land. Located close to shops, cafes, parks, and within the Wilston State School catchment area. We purchased this property the first day on the market, before the first open house, to secure it before other buyers had a chance. Rented from day one for $480 per week.
EOFY Investment Property Checklist
With the end of the financial year upon us, property managers and investors need to consider a wide variety of factors when preparing for taxation.
Most investors are likely to agree: the calibre of a property manager is often measured by their record keeping and reporting standards; at least this is true at the end of the financial year. The standard of record keeping and reporting can make or break a tax return. If the records aren't up to scratch, then providing appropriate and correct information to the tax office can be very difficult. Read more
Tax Time - Depreciation Entitlements
Are you maximising the tax depreciation deductions you’re entitled to on your investment property? More than 80 per cent of Australian property investors do not claim all the tax deductions to which they are entitled. Read more
Housing Bubble? Not here.
Jeremy Grantham, the co founder and chief investment strategist of US based investment management firm Grantham, Mayo, Van Otterloo & Co (or GMO), has been widely quoted during his tour across Australia saying that Australian property prices are in a bubble and need to fall 42 per cent to revert to trend. Well known Qld property analyst, Michael Matusik, disagrees. Read what he has to say. Read more
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