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For many, things have never been brighter: Reserve Bank

Posted on Feb 06, 2009 - Comments (0)

DESPITE talk of recession and worldwide financial crisis, Australia’s Reserve Bank believes many of us have never been better off. It backs its claim with statistics in its half-yearly Financial Stability Review, though it notes that retirees are an exception.  The real after-tax incomes of households on wages have jumped 10 per cent in the past year — more than double the usual rate.


RBA wants home buyers to factor in higher rates

Posted on Feb 06, 2009 - Comments (0)

THE Reserve Bank says Australia will avoid a US sub-prime mortgage crisis, but wants borrowers to ensure they can afford higher rates.

Tightened lending standards and a significant fall in the number of risky loans written in the past 18 months meant most borrowers would be able to service their loans once interest rates started to rise, said Anthony Richards, the head of the RBA’s economic analysis department.


Myths of Tax Depreciation

Posted on Jan 25, 2009 - Comments (0)

This is the second of two articles where I asked the question about the Myths of Tax Depreciation to the experts, one of Property Education’s key alliances, BMT and Assoc. Quantity Surveyors

Many property owners are not claiming the maximum tax depreciation and capital allowances on their investment properties. Any building, irrespective of age, will attract some tax credit for depreciation with respect to the plant & equipment items contained within the property including air conditioning, carpets, kitchen appliances, hot water services, etc. In addition some buildings will qualify for a Division 43 capital works allowance.