(08) 9289 7777 - industry leading finance solutions
June 2014

June Sydney Property Report

It doesn’t seem that long ago that everyone was making their predictions about the year ahead and setting new goals but we have now reached the halfway point of 2014. Maybe it is time to sit back, take a deep breath, reassess and set yourself up for what is to come. After all last year values rose by 3.0% over the first six months of 2013 followed by a 6.6% capital gain over the second half. Capital city home values fell by 1.9% for May, the first time negative growth has been recorded in 11 months. It should be noted that …

Continue Reading

Tax deductions for investment properties

With tax time just around the corner you should be putting together the figures of everything you are eligible to claim as a tax deduction, which are any expenses incurred whilst owning and maintaining each property. Although any rental profit you make will be subject to tax, by claiming the available tax deductions you can reduce your rental profit and ultimately reduce your taxable income to make the most out of your investment. There may be some you are unaware of: Advertising for tenants If your property is available for rent the cost of advertising for tenants is tax deductible. These …

Continue Reading

June Perth Property Report

It doesn’t seem that long ago that everyone was making their predictions about the year ahead and setting new goals but we have now reached the halfway point of 2014. Maybe it is time to sit back, take a deep breath, reassess and set yourself up for what is to come. After all last year values rose by 3.0% over the first six months of 2013 followed by a 6.6% capital gain over the second half. Capital city home values fell by 1.9% for May, the first time negative growth has been recorded in 11 months. It should be noted that …

Continue Reading

June Interest Rate Announcement

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China’s growth appears to have slowed a little in early 2014 but remains generally in line with policymakers’ objectives. Commodity prices in historical terms remain high, but some of those important to Australia have continued to decline of late. Financial conditions overall remain very accommodative. Long-term interest rates have fallen further and risk spreads remain low. …

Continue Reading