#realestateconversion

[nycasagroup]

Get a return on your real estate investment. Today 6-8 Pm 195 Montague st. #14th floor, Brooklyn NY 11201. Converting 1-4 Family Properties: The Workshop . Learn everything you need to start adding value to your property. Learn the pitfalls most new investors make, save money, and avoid a nightmare purchase. Architect, Ritu Saheb and Our own real estate investor, Angelo Rodriguez will be on the panel. #investmentproperty #nycconversion #flippinghouses #longtermrealestate #passiveincome #nycrealestate #realestateworkshop #weworkevents #nycarchitecture #1to4family #realestateconversion #brooklynrealestate #multifamilyrealestate #multifamily #workshops (at 195 Montague St) https://www.instagram.com/p/ByYKuFSnArP/?igshid=grl15lm5h769

[urbansensations]

What does the recent budget mean for the property market?

We’ve now had a few weeks to digest the implications of the Federal Budget released earlier this month, but what does it actually mean for property buyers? 

Overall, it appears the opinion is one of positivity. 

Smart Property’s angle is that the investment in infrastructure, together with the reduction of personal tax costs, will have a flow on effect in the property market. Meaning savvy investors can focus on the proposed public transport and road developments to identify future property hotspots. 

The Real Estate Conversation quotes REIA President, Malcolm Gunning, as saying “there is nothing in the budget to suggest that interest rates will be lifted in the near future, as inflation is expected to remain within the RBA's target zone.... [the government] focus has been more about the broader economy lifting up affordability and spending, rather than placing restrictions on property.”

However, HLB takes a slightly different approach, saying that the new budget is angled at slowing down property investment and increasing affordable housing, especially for first home buyers. For property investors, HLB summarised that claimable deductions have been reduced, including travel to inspect rental properties and claiming depreciation on plant and equipment installed by previous owners.

As a further flag, Rogers Property Group has highlighted the following: “One thing investors do need to watch out for is the intention to not allow a tax deduction for expenses on vacant land. This is targeted at those that have no intention to build an income producing asset on that land.”

So, overall it looks like things will be mostly business as usual with some potentially promising hotspot zones growing around Geelong, Frankston and towards Monash for Melbourne investors.  

And remember, if you do have an investment property and want to make some claimable improvements before the end of financial year, let us know so we can fit you in for June!

If you are interested in reading the full articles referenced above, we’ve pasted the links for you below:

https://www.smartpropertyinvestment.com.au/finance/17975-budget-2018-a-good-budget-for-investors

https://www.therealestateconversation.com.au/news/2018/05/09/federal-budget-holds-good-news-buyers-and-sellers/1525834606

https://www.hlb.com.au/recent-tax-changes-affect-property-investors/

http://moneymag.com.au/infrastructure-spending-suburbs/

http://www.rogerspropertygroup.com.au/impact-2018-federal-budget-property-investors/

Photo by rawpixel on Unsplash

[nycasagroup]

Today 6-8pm 195 Montague st. #14th floor, Brooklyn NY 11201. Converting 1-4 Family Properties: The Workshop . Learn everything you need to start adding value to your property. Learn the pitfalls most new investors make, save money, and avoid a nightmare purchase. Architect, Ritu Saheb and Our own real estate investor, Angelo Rodriguez will be on the panel. #investmentproperty #nycconversion #flippinghouses #longtermrealestate #passiveincome #nycrealestate #realestateworkshop #weworkevents #nycarchitecture #1to4family #realestateconversion #brooklynrealestate #multifamilyrealestate #multifamily #workshops #realestateinvesting #realestateinvestor (at 195 Montague St) https://www.instagram.com/p/ByX80o1nv3_/?igshid=zqhilm5tpc6i