Our Managing Director, David Johnston, has featured on the latest podcast from The Mentor List. The Mentor List is a leading business and personal development podcast, interviewing the top business minds of Australia where you can gather sound advice for your career and life. David shares his insights on how you can be making better property decisions to create your ideal lifestyle.
Let’s face it, development is sexy. Everyone loves property and the idea of making ‘fast money’ is appealing to most. Unfortunately, often the proverbial lure has a jagged hook on the end of it if you are not careful! Before embarking on any project, it is important to have a thorough plan and accurately calculate the time, cost and importantly, the return, each with a contingency allowed for a blow-out. You don’t need to be a developer to know that building rarely goes according to plan.
Question – Why has property price growth in Sydney and Melbourne significantly outstripped that of the rest of the country?
Answer – Sydney and Melbourne are ‘Superstar’ cities, at least that is the view of the Governor of the Reserve Bank of Australia, Phillip Lowe.
Welcome to Infront – Our newsletter dedicated to time-poor professionals looking for a low risk approach to property investment In this edition: Chiselling Away at Negative Gearing High Rises, Another Reason to Stay Away Biggest Population Surge Since 1960 What Property Investors Should Seek Across Cities Plus more… Read our latest newsletter here
Lenders have blacklisted more than 100 suburbs, due to the glut of new apartments in Brisbane, Melbourne and Sydney. What does this say to investors?
Do not buy high density apartments in any of those locations. Simple.
Until recently, you were able to claim depreciation on the value of all fixtures and fittings (also known as ‘plant and equipment’) in a property. This includes ovens, dishwashers, heaters, floor coverings, window furnishings and the like.
This loop hole has been slammed shut by the government for property owners who cannot meet certain criteria