News

It's not just swimming and cricket that Australia does well at, it seems our economy scores top marks against the rest of the world. According to the Reserve Bank, the Australian economy is in "better shape than most" and "will remain one of the better performing economies in the developed world".
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Rising rental yields, low interest rates and an improvement in home values are expected to encourage property investment. As the gap between mortgage repayments and rents continues to shrink, the amount investors will have to dip into their own pockets to cover borrowing costs is diminishing.
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A dramatic improvement in housing affordability has taken place in recent months.
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The RBA has just announced a rate increase of .25%p.a. Inevitably this means that banks will follow suit and increase their variable rates. Keep in mind however that rates are still very low compared to what we were experiencing just a few years ago. The good news is that this is usually a good indication that our economy is on the mend.
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One in seven taxpayers now own at least one investment property, a figure that is expected to rise as property investors return in force to the market.The most recent taxation statistics from the Australian Tax Office has shown that negatively geared property generated losses of more than $8.6 billion, a 35 per cent surge that saved property investors some $4 billion in tax over the 2007-08 year.
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