Depreciation deductions on property

Depreciation deductions on second-hand property

Depreciation deductions on second-hand property The Turnbull government passed legislation regarding how depreciation deductions on second-hand property can be claimed moving forward. Tyron Hyde, CEO of Washington Brown, highlighted six key takeaways from the legislation:    Those who acquire a second-hand residential property after May 10, 2017, which contains previously used depreciating assets, will no…

QBE Australian Housing

QBE Australian Housing

According to the latest QBE Australian Housing Outlook 2017-2020, an oversupply of units and reduced bank lending to investors is expected to dampen price growth in the housing market in coming years. The QBE-commissioned BIS Oxford Economics report analyses historical performance in the residential housing market, based on median prices, and forecasts market movements to 2020.…

House prices rising

House prices still rising …

House prices still rising, but slow down evident.   Although residential property prices continue to grow, there has been a reversing trend; in particular Sydney and Melbourne. Yes, these two cities have still grown, but their individual growth rates have declined, signalling a possible slow down in these markets. The Capital city average last quarter…