Are you thinking about investing in property this year? One of the reasons why investing in property helps you to build wealth is that it offers you various tax deductions. But many first time investors are unaware of all the tax deductions that may be available. One of the tax deductions you can claim on your investment property that is frequently overlooked, particularly by first time investors, is depreciation. What is a depreciation table and why do I need one?
Now that the hot weather is well and truly here, wouldn’t it be marvellous to have your own swimming pool in the back yard? Not only are they a great way to keep cool in summer, they make great entertainment for the kids and can be a stylish addition to your home. However, as a home owner, there’s more to consider than just keeping cool and having fun. Here are some questions to think about before taking the ‘plunge’.
Are you in the market for your first home? Perhaps you’ve been dreaming the classic home buyer’s dream of a little house with a garden and a white picket fence? If this sounds like you, then you may have found that your property searches in 2015 were unrewarding. Could it be time to revise your vision and start thinking about buying an apartment instead?
2015 was a fantastic year for property in Australia. Our major property markets saw some significant capital gains and many property sellers made a good profit. 2016 promises to be another competitive year for property purchases, so if you want to get in on the action, you’ll need to be on top of your game. If your New Year resolution is to buy a property this year, here are some things you could do to help you succeed.
Are you a slip, slop, slap or coconut oil kind of person? At a famous bungee jump, are you looking or leaping? Do sharks keep you on the beach – or does the extra rush make the board-ride even better? Money can similarly polarise people. And they might even be couples co-investing in joint pursuit of a comfortable future. Just how much risk – which you can really think of as the potential to lose money – you can handle without turning into an insomniac. Take this quick quiz to size up your investment style.