Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.

Source: Mortgage arrears at five-year high: Moody’s

 

Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

Property developers need to start thinking outside the box to differentiate their product from the competition! http://snip.ly/y76el

Canberrans living in apartment blocks could soon save on their power bills by bulk-buying electricity.

Source: Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

EXPLAINER: In your 30s and want to buy a house? This is what you need to know and do.

Steep drop in home ownership is a worry especially amongst young people. http://snip.ly/o8cd1

Figures in the recent Household, Income and Labour Dynamics in Australia (HILDA) survey revealed a steep drop in home ownership amongst people under 40 from almost 36 per cent in 2001 to just 25 per cent in 2015.

Dr Greg Schwann, Associate Professor of Finance at the University of Melbourne and an expert in housing and mortgages, says many crucial factors have led to the prohibitively high prices that are now locking out first home buyers.

“Australian cities are growing rapidly, more than any other cities in the world,” says Dr Schwann.

Source: EXPLAINER: In your 30s and want to buy a house? This is what you need to know and do.

no deposit home loans

Carrie Hamilton discusses bond aggregation with ABC TV News 24 (10 March 2017) – YouTube

Bond Aggregation

Bond aggregation and no deposit home loans can be a major disruption the housing industry. I’m not sure if the government realise it but the bond aggregator they’ve put together in the last budget could turn the property market on its head.

Bond Aggregation and No Deposit Home Loans

Bond Aggregation and No Deposit Home Loans housing providers will open up lending options

real estate

Property Prices In Queensland Regional Towns Are On The Move

Regional Queensland Is On The Rebound

Property prices in Queensland regional towns are starting to move according to realestate.com.au. Big spending on hospitals, police facilities etc are driving a new boom.

A massive driver of growth from Dept.of Infrastructure alone.

property prices in queensland regional towns

Government projects driving property prices in queensland regional towns

 

ATO investment property tax deductions

ATO Investment Property Tax Deductions FREE Video

Straight From The Australian Taxation Office

ATO investment property tax deductions are pretty straight forward. This video explains the basics.

ATO investment property tax deductions

 

ATO Investment Property Tax Deductions

Your tenants are in and they’re paying you rent and now it’s time to talk about what ATO investment property tax deductions you can claim.

Let’s talk about expenses you can claim.

Well my holiday house is available for rent so there are expenses I can claim immediately and some that I claim over a number of years. There’s also some I can’t claim at all things like;
  • the actual cost of buying and selling the property
  • initial repairs I had to make
  • those costs of use when working out any profit known as capital gain when I sell the property.
  • If I own the property equally with my wife I could only claim half the expenses and I would have to declare half the income.

We’ve talked about what you can’t claim what can you claim?

Immediate deductions like interest council rates and travel costs when I collect the rent and do repairs. There are also three types of expenses that may be claimed over a number of years;
  1. mortgage set up costs
    1. loan establishment fees these are usually claims over five years
    2. you can also claim for wearing out of assets known as depreciation such as
      1. carpets and appliances
    3. building costs these are generally claimed at two-and-a-half percent per year

What happens if you only rent your property out for some of the year?

I need to divide up the expenses so in my case with the holiday house I can’t claim a deduction for when I use the house myself.

What if you rent the property out at a reduced rate?

Say to two family or friends in that case what I can claim is usually limited to the amount of rent that I received.

There are specific exemptions for properties managed by Registered Housing Providers click below to find out about those “extra savings”

It sounds complicated but its not really. Let’s look at what happens when Michael stays in his house for one month. This is for his personal use so he can’t claim deductions for this period.

Here’s how we’d work it out. For all the expenses that occur evenly he could simply divide them by 12 to get a monthly rate that includes

  • interest
  • council rates
  • insurance
  • depreciation
Some things, like electricity are directly related to the usage period so we look at the bill for that period and work out what he can’t claim.
If you only rent out part of your property then you can only claim expenses that relate to that part as a general guide you work it out on a floor area basis and calculate what percentage of the floor area your tenant uses.
If your property is negatively geared that is the rental income is less than the loan interest and other expenses you may be able to claim the loss against your other income such as salaries and wages.
If you’d like to find out more and watch other videos in the series register below and we will let you know when they’re available.

automation

Lyft and Drive.ai Gear Up to Test Autonomous Ride Sharing

Most autonomous car companies see ridesharing and taxi services as the clearest way for fully autonomous vehicles to become useful and cost effective. Unsurprisingly, ridesharing companies (whose largest expense is paying human drivers) are in enthusiastic agreement. Lyft in particular has formed partnerships with GM’s Cruise Automation, Waymo, and nuTonomy.

Last week, Lyft announced a new autonomous vehicle partnership, this time with Drive.ai, who plans to deploy their deep learning-based autonomous vehicles in and around San Francisco.

Lucky San Franciscans can look forward to getting Lyfted by autonomous cars driven by deep learning

Source: Lyft and Drive.ai Gear Up to Test Autonomous Ride Sharing

Autonomous Robots Plant, Tend, and Harvest Entire Crop of Barley

Automation is hitting farming again! The 20th century got rid of the horses, will the 21st century see the end of the people?

So a farmer can sit in his unit on the Gold Coast while the ‘bots run things?

That;s gotta be good if we do it right.

 

 

 

This is as autonomous as farming gets, without any humans having to get themselves dirty, or even go outside

Source: Autonomous Robots Plant, Tend, and Harvest Entire Crop of Barley

Man Hates Investment Property Decisions | Being Put In Position Where He Has To Think, Feel, Or Act Sucks – The Onion – America’s Finest News Source

Don’t You End Up Like This Property Investor!

Investment property decisions can be a real nuisance! After all that isn’t what you signed up for. There is no need for you to be bombarded with investment property decisions.

After all didn’t the salesman, vendor and the property manager all get paid? They’re supposed to make your life easier not harder.

At some point isn’t enough just enough?

Area Man hates investment property decisions

Property Investor Hates Investment Property Decisions