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Homeowners claiming tax deductions for rentals increasing

Homeowners - Tax depreciation increasing from room for rent

Increasing tax deductions for homeowners The percentage of homeowners claiming tax depreciation on plant and equipment has increased in the past financial year due to owners turning their homes into rental properties. The growth of homeowners renting rooms, using the share accommodation portals such as Airbnb or choosing to rent instead of

How government have widened the gap between generations in home ownership

Government - How they have widened the gap for generational home ownership

Various government policies have fuelled the demand for housing over time, expanding the wealth of older home owners and pushing it further and further beyond the reach of young would-be home buyers. A new study highlights this divide between millennials and their boomer parents. The study is part of a Committee of Economic

Veteran Diggers fall victim to national housing scheme spruiker

Veterans diggers deployed to Iraq victims in property investment scandal

Veteran Diggers that served in Iraq and Afghanistan have fallen victim to the lure of promised returns from National Rental Affordability Scheme (NRAS) residential housing projects promoted by a spruiker working on commissions with the National Australia Bank and property developers. As many as two hundred Aussie veterans lost up to

Taxing empty homes: a step towards affordable housing, but much more can be done

Housing affordability strategy proposed housing tax by University Director and development sustainability

Vacant housing rates are rising in our major cities. Across Australia on census night, 11.2% of housing was recorded as unoccupied – a total of 1,089,165 dwellings. With housing affordability stress also intensifying, the moment for a push on empty property taxes looks to have arrived. The 2016 Census showed empty property numbers up by 19% in Melbourne

Botched media coverage or Turnbull spin?; negative gearing in federal budget

Now that the fine print of the Turnbull-Morrison federal budget has been digested, the real extent of the damage likely to impact property investors can be brought to light for full consideration. Even though the Turnbull government must negotiate the Federal Budget Bill through the Senate, the nominal federal budget measures

Real truth about negative gearing changes in Morrison federal budget

The federal budget captured the concerns about housing affordability, particularly in the capital city markets, so it was inevitable that the volume of measures that were announced would substantially impact the housing sector. Essentially, the policy announced can be divided into supply and demand perspectives so Townsville investors and owner occupiers

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