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Getting the Most Out of Your Tax

By Michael Beresford A lot of property investors ask us about the best way to maximise their tax benefits. In terms of what you can claim, the best person to talk to is your accountant but as a general rule, every expense associated with an investment property is tax deductable. This excludes stamp duty and…

OPENCORP PIONEERS A NEW WAY TO INVEST IN PROPERTY

Source: Business News Australia OPENCORP lets property investors buy into blue chip suburbs without paying top dollar. On top of that, the Melbourne property developer and fund manager has delivered its investors an average annualised return of 24 per cent over the past nine years. That’s a significant lead on residential price growth in our…

RBA makes July cash rate announcement

Source: Reserve Bank of Australia At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number…

Dwelling approvals continue to rise in trend terms

Source: Australian Bureau of Statistics The number of dwellings approved rose 0.9 per cent in May 2016, in trend terms, and has risen for six months, according to data released by the Australian Bureau of Statistics (ABS) today. Dwelling approvals increased in May in the Northern Territory (18.7 per cent), Australian Capital Territory (8.2 per…