Six-figure premiums continue to be paid for homes within Melbourne's top public school zones. In February 2020, the REIV released the results of an analysis of 2019 residential property sales. The analysis revealed that families can expect to pay up to $425,000 more to reside within a school zone "when compared with the median price for houses outside those school catchments". Many families …
Capital Gains Tax to Be Aware of When Selling Your House
Capital gains tax or CGT is commonly imposed in Australia and is part of one’s income tax. This particular tax is levied against the selling of a real estate property and other capital assets. Basically, it is levied on profits gained when one disposes of an asset purchased after September 20, 1985. When selling a home, the profit made above the cost of buying and maintaining the residential …
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What Is Yield For An Investment Property?
Most people who buy a property often want to know the return they will get in the future. This is referred to as the yield. Some investors are interested in the current return while the others are more particular about the potential yield. A yield is the amount of annual return an investor or homeowner gets on his or her property. In short, it refers to the future income of an investment. It …
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