Depreciation is often overlooked when it comes to the deductions you make each year at tax time. On average, in the first financial year, investors can expect to claim around $9,000 in depreciation deductions.
The primary concern for many investors right now is wondering if they will be able to secure a tenant, if they may lose an existing tenant and whether or not they will need to drop the rent in order to attract new renters.
New laws to improve swimming pool and spa safety came into effect in Victoria. Owners now have a legal obligation to ensure that they maintain the effective operation of swimming pool and spa safety barriers. As part of the changes, owners are required to register their pool and spa with their local council and have their safety barrier inspected once every four years.
Combustible cladding and the steps Australian government takes to rectify it.
Welcome back to our series on the changes to the Residential Tenancies Act. In this article we are looking at the introduction of five-year lease terms and the removal of the 120 day no reason notice.
