Property News

Making Your Principal Place of Residence an Investment

By AOXEN on 30 May 2013 1 Comment

Turning a principal place of residence (PPR) into an income producing property has an impact on the owner's tax situation. Investment property expenses such as interest costs, rates, and management fees become tax deductible ...

HIA Paper Reveals Sharp Deterioration of Renovation Approvals

By Peter Sarmas on 29 May 2013 No Comments

Investment into property renovation is continuing its trend south according to a Housing Industry Association (HIA) discussion paper titled, “Renovations Activity: The recent deterioration and outlook.” It revealed a sharp decline in renovation lending over the past two years. According to the paper, there have been five consecutive reductions in the value of investment into renovations since the September quarter of 2011 ...

Fisher’s Money Illusion

By Pete Wargent on 28 May 2013 No Comments

In 1928, Irving Fisher wrote an important book called The Money Illusion, which explained how we as humans tend to think in currency in nominal terms rather than real terms. It’s an illusion, particularly because now in the modern era we have fiat currencies ...

Increased Confidence Drives Melbourne Auctions, Though Quality Listings Drop

By Catherine Cashmore on 28 May 2013 No Comments

We’re slowly approaching the winter market, and in line with seasonal expectation, quality listings are reducing and state-wide median prices are softening. RP Data’s daily index shows a 1.2 per cent decline in capital city home values and SQM’s stock on market data indicated a -1.1 per cent fall over April ...

Local Insights – Parkville

By Peter Sarmas on 25 May 2013 No Comments

Luke Sacco, a partner with Nelson Alexander, says the Parkville area is continuing to perform strongly, largely because there are only 350 properties within the suburb. "Surprisingly, Parkville is a relatively quiet suburb, even though the CBD is on your doorstep" ...

Melbourne Property Market Update – May 25, 2013