What is Unit Entitlement?
A unit entitlement represents each unit’s value as a percentage of the value of the whole development. It’s used to determine each owner’s share in common property, voting rights, and outgoings.
Understanding Labor's Negative Gearing Policy
Last week we hosted an event to discuss the proposed Negative Gearing changes and how they will affect the Perth property market if Labor win next month.
We heard directly from Madeleine King MP on the reasons why Labor is pushing for the changes, while David Cresp (Property Economist from Urbis) provided an update on the current Perth market and an assessment of the effects these changes may have here.
What is Labor's policy on Negative Gearing?
Industry Opposes Negative Gearing Change
Housing industry lobby groups are increasing the pressure on Bill Shorten to shelve Labor’s plans to restrict negative gearing to new homes and halve capital gains tax incentives, saying the moves will reduce investment in housing and decrease the number of homes being built.
Master Builders Association, the nation’s peak residential construction lobby group, launched a media campaign in Perth last week as the nation prepares to head to the polls, identifying 10 key issues for the sector, while highlighting that Labor’s proposals around negative gearing and capital gains taxes would hurt, rather than help, the industry.
Four Common Myths about Tax Depreciation
Success and Leadership Breakfast with Hon Julie Bishop MP
On Friday 12th October we were delighted to attend the Success and Leadership Breakfast with Julie Bishop. This was such an invaluable experience, gaining insight from an experienced and reputable leader.
We would like to thank our friends at Realmark who attended the breakfast with Andrea Williams, director of Asset Reports.
Are you ready for the End of Financial Year?
Tax Depreciation - Doesn't my accountant look after that?
It’s a common misconception that Accountants provide Tax Depreciation Schedules for Investment Property owners. Unfortunately this is not true, they may help arrange for a Schedule to be done, but they cannot do it themselves.
Tax Depreciation firms (Quantity Surveyors) work very closely with Accountants and other financial professionals to help investors make the most of the tax benefits associated with owning investment properties. However, Accountants cannot legally produce the Schedule required by the Australian Taxation Office, in particular the construction costs (otherwise known as Div.43 Capital Works).
Perth house rents on the rise in positive sign for local market
Signs of green shoots are emerging in Perth’s rental market, with median weekly house rents recording quarterly growth for the first time in almost five years.
The Domain Group’s quarterly Rental Report, released on Thursday, revealed weekly house rents grew 1.4 per cent to $355 during the March quarter.
“Following a prolonged period of price declines and a rise in listings, the rental market in Perth is showing signs of stability,” Domain Group data scientist Nicola Powell said.
