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Monthly Archive for May, 2014

It’s tax time again and for investment property owners, this means indentifying and calculating available deductions. The Australian Tax Office (www.ato.gov.au) supplies the following information as a guide for landlords: Apportionment of rental expenses There may be situations where not all your expenses are deductible and you need to work out the deductible portion. To […]

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Sustainability is not only a buzzword among builders and homeowners, in some cases it is now also the law. Rules governing new buildings, including additions and renovations, were introduced in Victoria almost three years ago. The 6-star energy efficiency rating, which aligned Victoria with the Building Code of Australia, requires all new homes to either […]

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Sparkling Floors

It’s recommended by flooring professionals that carpets and rugs be steam or dry cleaned at least every 12 months. This recommendation applies to both rental properties and owner occupied homes. Carpets and rugs benefit from regular cleaning in several ways. Firstly, professional cleaning removes stains, dirt, grit and sand. This ensures floors look their best […]

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Budget 2014

After much anticipation, the federal government released its first Budget on Tuesday May 14. As expected, cost cutting was front and centre however, many fears the family home would be included in means testing, and that negative gearing would come under examination were not realised. Projections of rising unemployment may have kept property out of […]

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Looking at building a new home? A pergola or deck? Have you considered what type of timber you will use and whether it comes from a sustainable source? As global awareness of environmental issues increases, it’s reassuring to know that Australia is a leader in the production of sustainable timber. Timber is sustainable if it […]

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Not surprisingly, the Melbourne property market took a breather over the prolonged Easter and Anzac Day public holiday period. Over the Anzac Day long weekend, even though there were fewer auctions than previous weekends, the local clearance rate took a small hit, coming back to around 65%. This figure rebounded to 69% over the first […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy was a bit below trend in 2013, but there are reasonable prospects of a better outcome this year, helped by firmer conditions in the advanced countries. China’s growth appears to have slowed a […]

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Melbourne’s median home prices have grown again in the March quarter to a new peak of $652,500, reflecting an annual growth of 13.7 per cent. REIV CEO Enzo Raimondo said that while Melbourne’s house and unit prices continued to grow, the increase this quarter was more moderate than in the past two quarters. “We saw […]

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Anyone new to gardening could be excused for thinking the process is rather intimidating, especially if you have friends or family with sprawling backyards of stunning mature trees and plants. The following gardening basics should set you on the right path making your home or investment property blossom in no time: 1. Soil type Identify […]

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Safety and security is of the utmost importance for most tenants. People with young children, the elderly and women, for example, are all especially safety conscious. Smoke alarms are required in all dwellings, including rentals, and must be hard-wired to the mains electrical system. They cannot be battery operated unless the installation of a hard-wired […]

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