Tax office to hunt landlord bank records – is your bank on the hit list?
The ATO will have access to residential investment property data from 17 banks, reports Australian Property Investor magazine. It is on the hunt for landlords failing to declare rental income or capital gains or incorrectly claiming deductions or investment loan interest. It’s a potentially lucrative hunt with ATO audits pointing to a $9 billion gap […]
Brissie house price growth outpaces Sydney over the past 20 years
This compares favourably to Sydney and Melbourne where median house prices increased roughly 3.5 times over that period. But Hobart house owners saw the greatest gain with median house price values increasing 6 fold over the past 20 years. The analysis comes from Property Investment Professionals of Australia (PIPA) board member and University of Adelaide […]
Market update: Brissie prices rose in March
Brisbane dwelling values increased 0.1% according to the latest CoreLogic Hedonic Home Value Value Index. So you could be forgiven if you didn’t notice it. However what we can see more clearly as we move into 2023 is a stabilisation of values, following the drop of just over -10% from their June 2022 high. That’s […]
Bank of mum and dad key to home ownership for many
“Access to family support has become ‘the single biggest factor’ enabling young Australians to enter the property market, according to a report by researchers at the University of Sydney,” reports The Guardian. “The Australian Housing and Urban Research Institute found 40% of 25- to 34-year-olds expected to call on the ‘bank of mum and dad’ to achieve home ownership, […]
Still cheaper to rent than buy in most Brissie burbs
Across Brisbane, it was cheaper to buy than rent in just 2.2% of suburbs in February 2023 compared to 21.8% of suburbs in February 2022. In some cities, it’s cheaper to rent than buy in every suburb, including the ACT, Melbourne and Sydney, reports CoreLogic. “Despite a double-digit surge in rents nationally, exacerbated by a […]
Market update: house price momentum trending up
What does that mean? It wasn’t property values specifically, but the change in values. The CoreLogic chart showed the change in Brissie values had been lessening from drops of around -2.0% late last year, to closer to -1.0 in February to remain unchanged at 0% on a rolling four-week basis come mid-March. Does this mean […]
#10 Sweetest Brissie street names … just in time for Easter
Do you know there is an Easter Street here on Brissie’s northside? It’s in Brighton, which, by the way, is a great bayside suburb for locals to visit over the Easter long weekend. And now, feast your eyes on Brissie’s sweetest street names. Bunny Street, Everton Park – too cute Lamington Street, New Farm – […]
#10 Brissie hotspots that offer a fast track to home ownership
The Domain First Home Buyer Report has earmarked 10 areas, popular with first time buyers, where you can save time and money thanks to cheaper entry level price points. Here on the north side, first timers should check out the bargain buying corridor between Bald Hills and Everton Park. This area has a lot going […]
Market update: Investors tipped to watch northern corridor suburbs
The inner city unit market has seen a turnaround, while closer to our home here in Aspley, two family friendly suburbs are tipped to lure landlords, according to the Herron Todd White Month in Review report for March. “Up until recently we’d seen very limited investor activity throughout middle to outer suburbs such as Bridgeman […]
Are rent caps coming to Queensland?
The Queensland Government has announced a cap to rent rises to one per year in a move designed to give renters a fair go, reports Savings.com.au. The move would bring Queensland into line with other states including Victoria, South Australia, Tasmania and New South Wales, reports The Guardian. But some say a cap on frequency […]
