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Monthly Archive for June, 2013

Rental Wrap

Latest Real Estate Institute of Victoria rental data show a small contraction in the rental vacancy rate. The information also confirms a slight increase in median rent across Melbourne. The vacancy rate tightened from 3.2% in April to 2.8% in May with an increase in the median weekly rent for a house from $382 to […]

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Modern interiors

“On-trend” contemporary interiors still favour clean, neat layouts with simple, streamlined furniture in an architecture influenced modern Scandinavian design. But Melbournians still like to add their own unique touches! Whether you are undertaking a complete remodel a la The Block, or just updating the interior style of your current home, here are some basic tips: […]

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    It’s important to recognise the role emotion plays in any property transaction. When preparing your house or apartment for sale, think about your buyers. They don’t just want a home. They are buying a dream – a lifestyle. It’s your job to quickly engage the buyers. Make your purchasers envisage and believe what […]

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All transfers of land, including gifts, attract stamp duty in Victoria. There are a number of concessions from stamp duty now available with more to follow next year. Most reductions are for first home buyers and pensioners. What are the concessions? For settlement dates on or after 1 July 2011, stamp duty rates have been […]

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Feeling the Heat this Winter

With winter well and truly upon us we all like to feel warm as toast in our homes – but without the huge costs. This is possible with the right heating solution. If you’re building a house from scratch, including adequate insulation, draught sealing and double-glazing will reduce your energy bills significantly from the outset. […]

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Tax Depreciation Report

A tax depreciation report or schedule is an absolute must for any smart property investor. Nearly all properties can be depreciated, yet many of these are not claimed during tax time. This generally means more money for the taxman and less in your back pocket! Tax depreciation (also known as property depreciation) is a legitimate […]

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Tax time is rapidly approaching. It’s an opportune time for property investors to assess their plan and gather greater tax knowledge. Structuring – It’s quite common for investors to purchase a property in their own name because they have not investigated the other structures available. If you purchase a residential property in your own name, […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.75 per cent. Information becoming available since the previous meeting is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined from their peaks but, overall, remain at […]

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