Owners corporations serve a number of important functions. From keeping the lights on in common areas, to maintaining the garden and pool, to ensuring the complex is insured, they are responsible for making all sorts of decisions on behalf a building’s collective owners, to keep things ticking over. The job of an owners corporation, also known as a strata committee, is not an enviable one. … Continue reading 5 Big Risks Of Strata-Titled Investments

Got tax queries regarding your property investments and wealth creation strategies? Our experts are on hand to answer them. editor.yipmag@keymedia.com.au Q: My parents own several properties in Victoria and the ACT, which my siblings and I will inherit jointly. We will not live in any of the properties, so effectively they will become our investments. Will we have to pay stamp duty for the titles of … Continue reading Tax Q&A: Stamp Duty On Inherited Properties

The popularity of Airbnb has exploded in Australia in the past 5 years especially in Sydney, Melbourne and Brisbane. With a beautiful coastline dotted with world famous beaches, and vibrant cosmopolitan city, Australia has much to offer for both tourists and business travellers alike. Traditionally summer periods are peak tourist season in Australia with over 1 million overseas visitors in Dec 20171. This is in … Continue reading 3 Tips To Surviving The Low Airbnb Season With Your Short-Term Rental Investment Property

Q: My wife and I bought our own home in 2011. It was a second-hand home at the time, not new. Between 2014 and 2016, we rented this home out with a full depreciation schedule in place. We moved back into our home at the start of 2016 but are going to be renting it out again shortly. Do we still get to claim the original … Continue reading Tax Q&A: Tax Depreciation

After your offer is accepted, there’s just one final thing to organise before the property is officially yours – settlement. Rolf Howard, managing partner at Owen Hodge Lawyers, looks at your rights and obligations during property settlement to ensure a smooth process The very last step in the conveyancing process is settlement. This is the phase during which ownership of the property legally passes from … Continue reading Guide To A Smooth Settlement

When it comes to creating large financial gains from real estate, one strategy stands head and shoulders above all others – property development. However, those two words – property development – conjure up a whole range of images and questions in people’s minds. Could I do it? What exactly is it? How much money do I need? What are the risks? And the overriding question … Continue reading Property Development: An Increasingly Popular Wealth Strategy