Pre-tax time checklist for property investors

Tax time is approaching again! Was that a groan? We understand. If you’re like most property investors, trawling through receipt upon receipt to tally up your allowable deductions is probably not your idea of fun. So, as tax time looms we wanted to share our pre-tax time checklist to help make things just a bit easier for you. Organise your receipts and records It’s time to dust it off that shoebox of receipts and get your paperwork in order. If you discover the ink on some of the receipts has faded, keep in mind that you can use a bank statement as evidence of when the purchase occurred. It’s a good idea to sort the expenses into various categories, such as strata levies, rates and water ch

Prioritise your wellbeing and prepare for EOFY

Days have started to get colder as we see the first glimpse of winter. We hope you are well and safe where you are. Autumn is usually a busy time for property auctions, but we have seen a decline in numbers due to the temporary ban on onsite auctions and open inspections. When the COVID-19 restrictions start to ease, we should start seeing activity in the property market increase again. Read on to find out more. Interest rate news The Reserve Bank of Australia (RBA) announced it has decided to keep the official cash rate unchanged at 0.25% at its meeting on the 5th May. According to the RBA most lenders did not reduce their standard variable rates following the further cut to the cash rate o

HTW Property Report - MAY 2020

Brisbane What a month it’s been! There’s little in modern history that’s dominated world-wide headlines like this crisis, and it feels as if the ramifications may run long. In Brisbane, and Queensland more generally, it’s been a rollercoaster ride. We’ve gone from out-andout fear of the medical system being overrun while the economy plummets, to a feeling that there’s a chartable course back out – all in a matter of weeks. Like much of the country, as at the time of writing, the numbers about infections in our neck of the woods have been good. There were two days in the past week where we recorded no new cases over 24 hour periods. Just the booster everyone was looking for. To complete the f

RBA Announcement

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and a sharp rise in unemployment is occurring. At the same time, the containment measures have reduced infection rates in a number of countries. If this continues, a recovery in the global economy will start later this year, supported by both the large fiscal packages and the significant easing in monetary policies. Globally, financial markets are working more effectively

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