Australians love renovating but research shows most don't make money doing it
As investors reconsider their property strategies, many are turning to improving their own homes, but research suggests most renovations actually reduce financial returns.
Knock-down rebuilds produced the weakest financial returns, according to a yet-to-be-published research paper made available to API Magazine. (Image source: hanohiki/Shutterstock.com)
The Federal Budget has reignited debate about where Australians should invest their money.
With changes to capital gains tax concessions, negative gearing and the treatment of housing within self-managed superannuation funds, many property investors are reassessing their long-term strategies.
But the family home, one of Australia’s most tax-effective assets, has barely featured in the discussion.
Unlike investment properties, a principal place of…
