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Are you a property owner? Or perhaps you’re a management company that handles the ins and outs of property for multiple clients? Understanding the property accounting basics is a good starting point to ensure you meet all your obligations. Much like any other business, accounting for an investment property has clear rules and requirements to…
Property tax can seem confusing, but it’s not impossible to understand. In this blog post, we provide tips on how you can understand these numbers across different states and properties, but it’s worth noting that other factors can sometimes impact these calculations. Property tax rates in Australia for land tax There are four main types…
Whether you’re purchasing a home for the first time or planning to relocate to New South Wales, understanding all the costs attached to buying a new property up-front is the best place to start. Like every state in Australia, NSW stamp duty is a `specific fee or cost you will pay when purchasing a home.…
Although the Internet brings many advantages, it also provides an avenue for unscrupulous individuals to attempt to scam innocent people. One of the ways this can be achieved is through phishing: sending a fraudulent electronic communication to an individual that directs them to respond with private information (often financial information or personal details). Once the…
Last month, the New South Wales government proposed changes to stamp duty in their budget outlines. The aim is an economic boost for the state, with home buyers being given the choice of paying upfront for stamp duty or opting to pay a fixed amount. This will be a lower property tax paid annually that…
Virtually every industry in the country has taken a massive economic hit as a result of the Covid-19 pandemic. From businesses being unable to operate through to demand disappearing overnight, many organisations are facing a parlous future. Both property developers and property owners have been adversely affected by the pandemic: with construction slow or non-existent,…