The recent proposal from Labor to restrict negative gearing could reignite property booms – by limiting negative gearing tax benefits to investors who buy new homes and not existing ones, this threatens to send investors buying up existing real estate before the cut-off date. All eyes will be on the outcome of this. So what exactly is “negative gearing”? It is the process of adjusting the …
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Estella is situated on the elevated northern extreme of Wagga, overlooking the Murrumbidgee River and only five minutes drive to Wagga’s central district. The suburb is relatively new, with development commencing in the 1980s, and the streets named after crop varieties and individuals historically associated with the nearby Agricultural Research Institute. Located directly to the south of Charles Sturt University and to the west of Boorooma, the southern …
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The Australian Tax Office (ATO) will look closely if it knocks on your rental property door. Knowing what can and cannot be deducted as a legitimate tax expense can be a minefield when it comes to investment property. Late last year it notified tax agents of the continuing rental audit program of their clients that aims to ensure taxpayers do not over claim rental deductions. …
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Keeping a vacant property well presented and kept to exceptional cleanliness standards particularly through the Summer season, where Wagga’s market shows a dramatic incline in tenant vacation, is extremely beneficial to leasing your property to prospective tenants. When attending an inspection, our leasing consultants ensure that they present the property well – including: Taking in garbage bins Cleaning the mail box of any junk mail/ previous tenant mail …
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December is traditionally a high vacate period due to the turnover of defence and other corporate employment contracts and the completion of the education year. January and February are periods of high numbers seeking rental properties – coming in to replace the people who have posted out of the area. In December 2015, the vacancy rate for the Riverina was 4.0%, while Fitzpatricks Real Estate achieved 1.91%. We consistently achieve a …
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