When hosting on Airbnb in Australia, property owners can claim a range of tax deductions to reduce their taxable income, provided these expenses are related to generating rental income. Here are the best Airbnb tax deductions commonly available to hosts: 1. Mortgage Interest 2. Property Management Fees 3. Utilities and Rates 4. Repairs and Maintenance…
In 1989, Australia’s cash rate soared to a crippling 17%, sending households and businesses into financial turmoil. Discover why rates reached record highs, how it triggered the “recession we had to have,” and what the interest rate cycle means for predicting future moves by the RBA.
Learn expert CGT strategies to minimize tax when renting out your home or Airbnb. Discover practical tips for managing capital gains tax on your principal place of residence.
When living and working overseas, many expats end up being surprised by how little they are able to borrow
Just last week, the RBA cut the official cash rate to a record low of 0.5%. With an already buoyant property market – particularly on the east coast – what will these further rate cuts do to property prices? Interestingly, the RBA itself recently suggested that a 1.0% fall in the official cash rate could…
Arguably the most important element of successful property investment that is largely overlooked is the power of leverage. Leverage allows a property investor to control a large property portfolio or even a single home for only a fraction of its actual value. Broadly speaking, most banks and lenders require a homebuyer to come up with…
Despite the fact mortgage rates in Australia have fallen to an all-time low, lenders are not making it easy for borrowers to access credit. That’s despite the fact that home values have actually risen +0.3% nationally in April according to CoreLogic. While the economic shutdown associated with COVID-19 has put the spotlight on a number…
There is a lot of uncertainty in the air at the moment and one of the biggest concerns for both investors and lenders is around people’s incomes. The unprecedented economic shutdown has seen some areas get hit harder than others, and if you’re in a highly impacted industry you could potentially have lost some or…
As virtually all economies around the world have moved into various stages of the shutdown, thanks to government-ordered social distancing measures, there will no doubt be lingering impacts on a range of different jobs and industries. If you operate a business or work in an area that is focused on tourism and hospitality, travel, retail,…
There’s more evidence to suggest that housing could well have a strong year as the number of mortgage commitments jumped in December. New loans grew by 4.4% which was the largest spike we’ve seen since September of 2016, which was back during the peak of the housing boom in Sydney and Melbourne. However, unlike the…
