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Canberra's Property Market Outlook

Friday, July 27, 2012

Reports are showing a more positive outlook for the ACT property sector despite continuing concerns about the Federal political environment and the outlook for economic growth in the Territory.

 

The Property Council of Australia-ANZ Property Industry Confidence Survey showed a shift in sentiment from 94 on the index for the March quarter to 101 for the June quarter. A score of 100 on the index is considered neutral. 

Catherine Carter, Property Council ACT Executive Director says the latest Survey shows the ACT was the only state or territory that recorded a shift from overall negative sentiment in the March quarter to positive sentiment in the June quarter.

Confidence in house price growth has also shifted from a negative outlook to a positive outlook between the two quarters.

Confidence index jpg April 2012

ANZ Head of Property Research, Paul Braddick, says ACT respondents to the survey had a “moderately balanced view of the property sector, with a confidence index of 101, reflecting an uncertain outlook for ACT employment with the existing budget pressures and a sharp unwinding of the boom in dwelling construction through 2011.”

Canberra's Property Market Outlook

Friday, July 27, 2012

Reports are showing a more positive outlook for the ACT property sector despite continuing concerns about the Federal political environment and the outlook for economic growth in the Territory.

 

The Property Council of Australia-ANZ Property Industry Confidence Survey showed a shift in sentiment from 94 on the index for the March quarter to 101 for the June quarter. A score of 100 on the index is considered neutral. 

Catherine Carter, Property Council ACT Executive Director says the latest Survey shows the ACT was the only state or territory that recorded a shift from overall negative sentiment in the March quarter to positive sentiment in the June quarter.

Confidence in house price growth has also shifted from a negative outlook to a positive outlook between the two quarters.

Confidence index jpg April 2012

ANZ Head of Property Research, Paul Braddick, says ACT respondents to the survey had a “moderately balanced view of the property sector, with a confidence index of 101, reflecting an uncertain outlook for ACT employment with the existing budget pressures and a sharp unwinding of the boom in dwelling construction through 2011.”

Australia's Property Market outlook

Friday, July 27, 2012

Housing market to remain soft: NAB survey

Australia’s housing market is predicted to remain soft over the next year, with a NAB survey predicting a decline in house prices of 0.7 percent.

NAB’s Residential Property Index fell in the June quarter, dropping to -11 from +5 in the first quarter, weighed down by weaker conditions in Victoria and NSW.

The survey polled around 300 real estate agents and property managers, property developers, asset and fund managers, and owners/investors.

Victoria (-43), SA (-15) and the NT (-15) posted the lowest scores on the index, while WA (+34) and Queensland (+2) are the only states in positive territory.

NSW slumped dramatically over the period, from +28 in the previous quarter to -13 by the end of June 2012. Victoria’s index score moved further in the red, from -16 to -43.

Key findings of the report include:

  • National house prices fell by 2 percent in the June quarter, with the biggest falls in Victoria (2.9 percent) and NSW (2.3 percent). They are expected to fall by 0.7 percent nationally over the next year, but grow by 1 percent over the next two years
  • Average national rent growth slowed to 0.4 percent in the June quarter, down from 1.1 percent in the first quarter of the year. The long term outlook is for softer rents in all states over the next two years, except for WA
  • Respondents indicated tight credit conditions and housing affordability are the most significant constraints on new housing development. Employment security is now viewed as the biggest impediment to purchasing existing property, especially in Victoria and Queensland
  • Capital growth expectations are strongest in the sub-$500,000 price range, while the outlook for properties worth more than $2 million remains poor

Year End Tax Tips for Property Investors

Friday, June 29, 2012

Year End Tax Tips for Property Investors

n  Documentation – when it doubt – keep the record anyway so your Accountant can claim it if possible.

n  Depreciation – Have you got a depreciation report for every property?  If not, get one.  It is free cash in your pocket.  We use a company that guarantees more cash to you than the report costs

n  Travel – ATO accepts 4 trips per year to the property and maybe more if justified.  Keep travel expenses and diaries.

n   Interest Expenses  - Learn how to maximise tax deductible debt and minimise non tax deductible debt

n  Pre-Pay Expenses – interest & other expenses can be pre-paid 12 months in advance

n   Manage Capital Gains & Losses – if you are selling a property speak to your Accountant first.  An Accountant experienced in CGT can save you hundreds of thousands of dollars by correctly planning Capital Gain

n   Manage Capital Losses – if you are selling an Asset for a Gain are these any Assets you can also sell for a loss to help you minimise the gain?

n   PAYG Variation – get it done now ready for next year. Extra cash in your pocket per fortnight.

Buying Properties in Companies and Trusts

Monday, January 03, 2011
Hi all, As a Property Advisor and Accountant I often get asked whether it is a good idea to buy properties in a Company or Trust (or SMSF). If you have any questions about this issue or want know the pros and cons - just click here and ask.

Renting the Family Home

Saturday, December 25, 2010
A lot of people have been asking me about the tax implications of renting the family home out. If you have any questions please post them here.

Tax and Property Development

Saturday, December 25, 2010
Hi all, Wholistic Financial Solutions are Tax Accountants and Property Advisors who specialise in advising clients about the most tax effective way to undertake property development and property investing. Click here to ask any questions.

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