real estate Archives · Australian Loans Group

ATO Warns Investors

Posted on 21/06/202417/06/2024 by Laze Spasevski

The ATO (Australian Taxation Office) warns property investors it will pay close attention to their reported income and deductions this tax time. Based on official data, 90% of investors make mistakes on their tax returns. ATO assistant commissioner Rob Thomson emphasized the importance of correctly categorizing expenses related to rental properties. He said that general repairs and maintena...
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Commercial Sales Set To Rebound

Posted on 14/11/202327/10/2023 by Laze Spasevski

Commercial sales are set to rebound as transaction activity in the Australian commercial property market appears to be trending up. However, sales activity in 2023 will almost certainly be well down on last year's results. There were $29.2 billion of sales in the office, logistics & industrial, and retail sectors during 2022, according to JLL. Which is considerably higher comp...
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Rental Shortage Set To Linger

Posted on 29/09/202326/09/2023 by Laze Spasevski

The rental shortage is set to linger as the national vacancy rate in July dropped to 1.3%. It is forecasted by SQM Research that this is unlikely to change anytime soon. The rental shortage is likely due to 2 major factors: A rapid increase in population. Fewer new homes are completed in 2023 compared to 2022. SQM managing director Louis Christopher said. “Australia currently has...
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ATO Issues Notice to Property Investors

Posted on 12/05/202325/05/2023 by Laze Spasevski

The Australian Taxation Office or ATO, issues notice to property investors. It will scrutinize their tax returns in an effort to claw back an estimated $1.3 billion in missing taxes. In a 2020-21 sample audit conducted by ATO, an estimated $9bn of tax revenue was lost due to errors and tax avoidance. According to the ATO, the most common tax errors that property investors make are: inco...
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Property Downturn May Be Over

Posted on 05/05/202304/05/2023 by Laze Spasevski

Property downturn may be over as Australian property prices rose 0.6% in March. According to CoreLogic, property prices rose for the first time in 11 months since April 2022. But while prices increased at a national level, and in Sydney, Melbourne, Perth and Brisbane as well, they did decline in the four smaller capitals. Among the major capitals, Sydney saw the highest increase in prope...
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Housing slowdown – Nearing Its End

Posted on 21/04/202321/04/2023 by Laze Spasevski

The housing slowdown may be nearing its end, according to new statistics from CoreLogic. While Australia’s median property price fell 0.1% during February, values then rose in some markets in the four weeks to March 15: Sydney – up 0.8% Melbourne – up 0.2% Perth – up 0.1% Brisbane – unchanged Adelaide – down 0.4% That said, it’s too early to call the bottom of the ma...
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Property Prices Set To Rise

Posted on 06/04/202321/04/2023 by Laze Spasevski

New data from CoreLogic suggests property prices are set to rise. With that said, we might be near the end of the housing downturn. While Australia’s median property price fell 0.1% during February, values then rose in some markets in the four weeks to March 15: Sydney – up 0.8% Melbourne – up 0.2% Perth – up 0.1% Brisbane – unchanged Adelaide – down 0.4% Tim Lawless...
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Rental Income Rose During 2022

Posted on 08/02/202308/02/2023 by Laze Spasevski

Rental market conditions have strongly favored property investors during 2022 as rental income rose significantly. CoreLogic has reported that the median rent for an Australia investment property increased 10.2% during the year. The city-by-city breakdown was: Brisbane4% Adelaide9% Sydney4% Perth2% Melbourne6% Hobart3% Darwin1% Canberra3% During 2022, the nation...
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Refinancing is at Record-High

Posted on 06/02/202306/02/2023 by Laze Spasevski

Refinancing activity is at record-high levels right now. According to another blog post, there are several reasons why borrowers are refinancing their home loans. The top reason is that owner-occupiers and investors alike are seeking home loans with lower interest rates as the Reserve Bank continues to raise the cash rate. Borrowers refinanced a record $19.5 billion of loans in November, the mo...
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Construction Activity at Record High

Posted on 31/01/202306/02/2023 by Laze Spasevski

Australia is experiencing a “record high” construction activity across all sectors and states, according to Rider Levett Bucknall’s third-quarter construction report. The amount of construction work underway across Australia during Q3 was unprecedented with “similar levels of activity” forecast for the next two to three years. RLB said this building boom was being driven by: Federal...
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