The Blog

To ensure Australia’s economy would avoid a recession, the International Monetary Fund (IMF) has called on the Albanese government to engage in broader tax reforms, including the overhaul of current property taxation systems. The global financial agency revised its growth projections for the country, with growth projected to slow from 3.6 per cent in 2022 […]

The NSW First Home Buyer Choice kicked in on 12 November, offering thousands of first home buyers the opportunity to choose between paying a smaller annual property fee or a large upfront stamp duty on their first property, up to $1.5 million. While the policy becomes fully operational on 16 January 2023, eligible first home buyers purchasing […]

Tuesday’s big-spending and jobs-focused federal budget contains help for single parents and more first-home buyers to get into Australia’s hot property market, as well as tax relief for 10.2 million low and middle income earners. The biggest housing initiative in the budget is aimed at encouraging more Australians nearing retirement to downsize from the family […]

They are the two little words home buyers have hated having to swallow for generations – stamp duty. Within days of a proposal by the NSW Government to scrap the unpopular tax, property industry insiders have been quick to point out the pros – and the cons – of an alternative.   Will the proposed […]

Many Australians have in recent weeks transitioned into working from home. Although employees may be saving on transport and eating-out costs, increases in internet usage and other utilities will mean an increase in household bills. However, the Australian Tax Office (ATO) has announced that some costs for working from home will be tax deductible. Here’s what you’ll […]

What is net rent? Net rent is what a tenant would pay under a net lease. If you are under a net lease you pay an agreed amount at the beginning of the period. The amount you pay doesn’t cover any outgoings. So this means that you pay the leaser the agreed upon value and […]

Read Treasurer Josh Frydenberg’s Budget speech here.   Federal Treasurer Josh Frydenberg said this Budget is “all about jobs,” as he unveiled details in the House of Representatives on Tuesday, October 6. “Tonight, we embark as a nation, on the next stage of the journey. There is no economic recovery without a jobs recovery. There […]

The thing about property investing is that eventually you, or your beneficiaries if you hold for the extremely long-term, will likely have to pay Capital Gains Tax (CGT).   This is the time when the Federal Government gets their share of the profit that you’ve made from investing in property as it’s technically classed as […]

In amongst the rapid fire of legislation responding to Covid-19 came some subtle changes to the Foreign Investment Review Board (FIRB). Australia’s FIRB is the government body that advises the Treasurer on inbound foreign investment. The aim of the FIRB is to encourage foreign investment in Australia but also ensure this investment goes towards new […]

Wealth creation has become a primary target for most people and many are finding property investment as an effective way to hit this target.  While there are just over 2 million property investors in Australia, less than a quarter of these have more than one property investment – in other words they will never develop […]

While talk of state governments potentially scrapping stamp duty is positive, property experts warn that the tax won’t be scrapped without a replacement, which could possibly be more expensive over the life of your property purchase. Veronica Morgan, real estate agent, property expert and host of Location Location Location on Foxtel warned buyers not to […]

Is the coronavirus going to change the way you claim at tax time? How tough will the ATO’s compliance approach be? Our panel of experts help you navigate tax time 2020 in the face of COVID-19 stimulus measures, including JobKeeper, the cash flow boost and more. Join the ATO’s Assistant Commissioner of Small Business Andrew Watson, and […]