Is This Really The End of Paper Titles?

Title-Certificate

IN 2008, THE AUSTRALIAN COUNCIL OF AUSTRALIAN GOVERNMENTS (COAG) prioritised the implementation of a national electronic Conveyancing (e-Conveyancing) system. The system will render all property transfers paperless and introduce a uniform national scheme.

Property Exchange Australia Ltd (PEXA) was created in 2010 to provide online infrastructure. PEXA owns the rights to all previous e-Conveyancing software and will create a single point of access across all jurisdictions. [Read more…]

Your Age and The Full Passage of Time

Improve_with_age

I’M IN MY 40s … and well behind where I want or need to be. My career has stalled and the marriage is shaky because we’re constantly arguing about money. This is probably because my partner never returned to serious paid work after we had the children.

We’re far from making any dents in the mortgage. In fact, it’s actually rising slightly each year, what with the kids’ secondary education to pay for on top of all the other demands on our single income. [Read more…]

Hotel & Tavern Owners Can Tap into Depreciation Deductions Too

Hotels

WE’VE ALL HEARD THE LINE, “A man walks into a bar …” and waited for the pun at the end of the sentence. However, when a tax depreciation specialist walks into a bar it’s no laughing matter as there is much more to uncover.

Many pub, hotel and tavern operators are losing thousands annually by failing to have a tax depreciation schedule prepared for their property. [Read more…]

Commercial Property: Get Your Loan Structure Right

BusinessLoan

WHEN LOOKING AT debt strategies for any business, there are a number of aspects you need to consider. These would include things like … asset protection, interest rates, fees, ongoing service requirements, access to capital, alternative products and so on.

The weighting for each of these factors will depend on the particular transaction. [Read more…]

How Does The Aussie Dollar Affect Commercial Property?

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Aussie-Dollar

In simple terms, the answer is … both indirectly and indirectly.

The RBA’s Dilemma

General consensus is that our dollar should ideally be trading at around US85 cents. And that would provide a balance between encouraging non-resource export businesses, while not adding unwanted inflationary pressure.

The RBA could achieve this simply by lowering the official interest rate. However, that would then fuel even more local borrowing — especially within the residential property market. [Read more…]

There May Be Cash Hidden Within Your Property

Hidden Cash

AS YOU ARE probably aware, property depreciation is mostly claimed by the owner of an income-producing property. And it’s for this reason, that many commercial tenants often miss out on the hidden cash available to them through depreciation.

Commercial tenants can claim depreciation deductions based on any fit-out or plant and equipment assets that they add to the property. [Read more…]

When is a Bank Guarantee NOT Guaranteed?

Dollar

YOUR TENANT’S OBLIGATION to pay rent, care for the premises and abide by the provisions of the lease is usually secured by your right (as the landlord) to terminate the lease and recover possession.

In reality, this does little to remedy the financial loss suffered by a landlord, as a result of a breach by the tenant. [Read more…]

Super SUPER — Lending to Your Personal Super Fund

Lend-to-Super

ARE YOU THINKING about borrowing to buy property or other assets via a Self-Managed Superannuation Fund (SMSF)?

If so, you may be wondering whether you need a bank to lend directly to your SMSF; or if there is a simpler and cheaper way to borrow? [Read more…]

How Will Tax Ruling 2014/4 Affect Your Claims?

TaxRuling

THE AUSTRALIAN Taxation Office (ATO) has released a new tax ruling, which is effective from the 1st of July 2014.

Replacing Tax Ruling 2013/4, Tax Ruling 2014/4 explains the methods to be used when determining the effective lives of depreciating assets.

The tax ruling in effect at the time an asset is acquired determines the effective life of that asset. For this reason, any changes the ATO have made to effective lives of assets in Tax Ruling 2014/4 will only affect assets purchased and installed for use after the 1st of July 2014. [Read more…]

Office Markets Around Australia

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CBD-Offices

NO LONGER are the Office markets in sync, for the main capital cities around Australia.

During the last century, the CBD markets seemed to operate within a fairly regular 18-year cycle — in other words, from “peak to peak”.

However, all at ceased when the Global Financial Crisis hit in 2008. [Read more…]

Important Tips for Development Finance

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IF YOU ARE funding a property development, financing is the most important aspect to consider. After all, without finance the project cannot proceed.

Below, I have summarised the three most important factors for getting bank funding for a project. [Read more…]