Government Tax Revenue From Property Continued To Climb Over The 2016/17 Financial Year

The latest annual taxation data shows that state and local government coffers were boosted by $52.5 billion in 2016-17 due to taxes on property. Each year, the Australian Bureau of Statistics (ABS) releases taxation statistics and the latest data for 2016-17 was released recently.  Over the 2016-17 financial year, state and local governments collected $52.5…

ATO focusing on holiday homes rentals

Media release: Focus on holiday home rentals https://www.ato.gov.au/Media-centre/Focus-on-holiday-home-rentals/ Is your property genuinely available to rent? 1. Advertise the property Advertise the property to a wide audience. Advertising through a real-estate agent or an online site is not always enough evidence to demonstrate that a property is genuinely available for rent, and nor is advertising locally…

What are minimum rental standards and what do they mean for landlords and tenants?

New guidelines about standards for rental properties will remove ‘slum’ landlords from the market.  or residential property investors and landlords who want to maintain the value of their assets, keeping things in good order as far as the condition of their property is concerned is usually a priority. There is current discussion from tenancy stakeholders…

Fears increased regulation for landlords would harm Australia’s housing market unfounded: AHURI report

Fears Australia’s housing market would suffer if landlords faced increased regulation are unfounded, an international review has found. In countries with similar incentives for mum and dad investors, stronger regulations protecting tenants did not lead to a big drop-off in investors or subsequent house price falls, according to a new Australian Housing and Urban Research Institute (AHURI) report. The view…

Labor pounces on Scott Morrison’s negative gearing ‘lie’ after release of secret briefing documents

Federal Labor’s negative gearing overhaul would likely have a “small” impact on home values, official documents reveal, contradicting Government claims the policy would “smash” Australia’s housing market. The previously confidential advice to Treasurer Scott Morrison from his own department said the Opposition’s plan might cause “some downward pressure” and could have “a relatively modest downward…