Property investment by an SMSF will fail the sole purpose test if it provides pre-retirement benefit to someone such as personal use of a fund asset, warned the ATO director of the SMSF auditors segment. In a presentation to the SMSF Australian Auditors Association Conference in Sydney last week, Paul Delahunty said the rules around property investment […]
The desire to live the great Australian dream doesn’t, at first, sound like a big ask: a verandah out the front, colourbond fence out the back and a property under your own name. The configuration of the home may change, but for many, that’s the bottom line: owning a place to live (whether you live […]
Rising interest rates, high construction costs, and continued levels of inflation are placing significant pressure on Australian property investors. In response, many are seeking safe-haven investments to protect themselves against the effects of the slowing economy, while preparing for a potential speed-up in 2024. With the global demand for Australia’s goods and services lessening and the rising […]
NSW’s newest Premier, Chris Minns, declared Labor’s election victory a “golden opportunity for a new government — a young government — to look at what the future can be”. So what’s in store for the state’s property sector? In becoming the first Labor leader of Australia’s most populous state since Kristina Keneally’s heavy defeat in the 2011 election, […]
The harbourside city has outranked the likes of Auckland, Geneva and Monaco in a top 10 ranking of global cities that have notched the strongest prime real estate rental price growth on an annual basis. Knight Frank’s Prime Global Rental Index revealed that Sydney’s prestige market secured the 6th spot after recording a 6.7 per cent […]
It’s not all bad news for Australia’s property markets — even if a recession does rear its head. Hello Haus founder Scott Aggett has crunched the numbers on suburbs set to not only hold their value in the face of economic headwinds, but increase, even if worst-case predictions come to fruition. “There are some dire predictions […]
The state’s peak real estate body believes the Perrottet government’s decision to implement the ban has been counterproductive to date. When Premier Dominic Perrottet announced the practice would be banned at the end of last year, he stated that “an advertised rental fee should be just that.” However, the Real Estate Institute of NSW (REINSW) explained […]
The Sydney market may have been falling, but that hasn’t stopped several Sydney suburbs from bucking the trend in a big way. The latest quarterly State of Sydney Report from Shore Financial has found that a number of suburbs have not only defied the downturn, but they’ve achieved double-digit growth over the past 12 months in doing so. For […]
It’s time to reposition the Reserve Bank of Australia’s (RBA) inflation target, according to the financial and business expert. Speaking to Phil Tarrant on a recent podcast, Mark Bouris, who is a director at Yellow Brick Road, conceded that while the central bank’s inflation rate target of 2 per cent to 3 per cent — first established in 1996 — is […]
Ahead of the 25 March elections, academic experts have recommended five policies that could provide relief from the NSW housing crisis. With housing becoming a centre-stage issue for NSW voters in the upcoming polls, UNSW housing policy experts Professor Hal Pawson and Dr Chris Martin said short- and long-term pledges addressing the housing and rental crisis should […]