Depreciation changes ‘great news’ for property investors

TWO months after the federal Budget announcement, property investors have finally received guidance on the federal government’s plan to tighten depreciation deductions available for residential properties. Depreciation is the tax break for investors who own income-producing investment properties. Depreciation is an important, but sometimes overlooked, component of any investment property’s viability among the nation’s two […]

Read More

Muscle man buys massive home in suburb’s biggest sale in a decade

A FITNESS entrepreneur and self-proclaimed ‘social media influencer’ has paid $2.627 million for a magnificent colonial home in Camp Hill — the biggest residential sale in the suburb in nearly a decade. Nathaniel Anthony, owner of fitness clothing and accessories brand, Muscle Nation, bought the property at 99 Newman Avenue with a view to renovating […]

Read More

Vacancy rates back from the brink with even inner-Brisbane recovering

VACANCY rates in Brisbane’s inner-city have bounced back from the apartment “oversupply” brink, with landlords and tenants on equal footing again. The apartment-heavy inner Brisbane rental market went from an all-time vacancy rate high of 4.4 per cent in the March quarter to 3.5 per cent in the June quarter, according to the Real Estate […]

Read More

$230,000 refund in mortgage fees after bank errors discovered

AUSTRALIA’S finance industry watchdog has a timely warning for customers to check mortgage statements after more than 1,000 customers were overcharged in a single bank. The Australian Securities and Investments Commission (ASIC), which is the country’s corporate, markets and financial services regulator, said a single customer complaint has uncovered a broader systemic issue at the […]

Read More