API Online

February 10, 2016

REIA advocates for affordable housing, stamp duty and negative gearing

The Real Estate Institute of Australia’s (REIA) pre-budget submission to government focuses on housing affordability and taxation relating to property.

As the nation’s economy transitions from resource investment growth to other drivers, the REIA’s submission highlights that dwelling investment has been a significant contributor to Australia’s economic growth. Nevertheless, this has been at the cost of first homebuyers, REIA president Neville Sanders explains.
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July 28, 2015

Living it up on cat food and crackers

The target nest egg for a secure and comfortable retirement is $1 million each for you and your spouse. For some, this is a target they’re well on the way to achieving. Many others, though, are so far off the mark they’re relegating themselves to a cat-food-and-crackers lifestyle in retirement.


The good news is there is still time to take control of your financial future – it’s never too late to start investing in property.
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July 6, 2015

You’re losing out on unclaimed tax depreciation entitlements

It’s said that unclaimed tax depreciation entitlements amount to around $17.5 billion per year. That’s $17.5 billion just left lying around, unclaimed by property investors just like you.


Many property investors simply don’t realise that they could be claiming thousands of dollars extra in entitlements. By not claiming, you’re missing out on a valuable opportunity to reduce your taxable income.
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April 24, 2015

Why so negative about negative gearing?

One topic guaranteed to cause a strong reaction in the media is negative gearing. Many people with only a hazy idea of what it actually is blame it for virtually everything from locking first homebuyers out of the market, to causing high property prices, ugly greedy investors rorting the tax system and driving the national budget into deficit.


Indeed, the reaction to negative gearing has been so, well, negative, that there’ve been calls for it to be scrapped and there were some concerns this may happen in the upcoming budget. Read more →

May 22, 2010

How will NSW’s new property tax affect investors?

Property industry groups have slammed the New South Wales Government’s decision to introduce a new tax on property transactions, but what impact will it really have on the market?


In the shadow of the Federal Budget last week, the NSW Government announced it was introducing a new transaction charge of 0.2 per cent for properties valued at $500,000 and above, or 0.25 per cent above $1 million. The decision to introduce what’s become known as the ‘ad valorem’ levy (ad valorem is Latin for ‘according to value’) brought a furious response from the property industry.

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More needed to improve banking competition

Here’s an idea to reignite competition in the mortgage market and get credit flowing again, but will the Federal Government consider it?


The Federal Government touted its Budget announcement in relation to the proposed 50 per cent discount on interest income of up to $1000 (to save personal income tax for investors) as a mechanism to assist the banks with funding mortgages. It will revive competition, it said. The thinking is that people will be encouraged to save more money if they won’t get taxed as much. The benefit to the banks is that an increase in bank deposits will ease the funding pressures as they won’t have to borrow as much from expensive overseas money markets. Banking deposits is one of the cheapest forms of funding at the moment.

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