belle killara half yearly review

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As we enter the new financial year, we
take this perfect opportunity to assess
the current state of the property market
and predict what’s to come for the
remainder of 2016. Overall, it’s predicted
we may be entering an ebbing
marketing, with the slowdown set to test
Australian’s love of real estate; however,
this certainly hasn’t stopped the team at
Belle from achieving some record results
for our happy vendors.
Across the country, consumer
confidence has continued to rise since
the beginning of 2016, and it doesn’t
appear to be retreating any time soon.
As a nation, housing affordability has
increased by around 3 per cent, fuelling
this confidence alongside the record low
interest rates we’ve seen, which aided a
slight increase in demand for dwellings
and a brief improvement in cash flow for
mortgage-owning households.
Locally, the Lindfield and Killara areas
have really suffered from lack of quality
stock over the autumn months, which
resulted in some of our properties
selling for 20 per cent over the reserve.
We expect the spring market will see
more vendors looking to capitalise on
these results, giving frustrated buyers
the choice that has been lacking for
some time.Those looking to enter the
market will be interested to know that
between January and the end of June,
our median prices for both houses
and units remained reasonably stable,
while the rental market performed with
great strength.
For our investors, the end of the
financial year marks the time to take
full advantage of any depreciation
relevant to you. We have found it can
often be overlooked, which is why we
like to educate our property investors on
how they can minimise their tax liability,
thus improving their cash flow.The ATO
recommends investors gain a fully
compliant Tax Depreciation Schedule
that is prepared by a certified quantity
surveyor, which can then be utilised by
your accountant to prepare your income
tax return. We recommend enlisting a
savvy accountant to assist you with
taking full advantage of the tax breaks
open to you.
Moving into the 2016/2017 financial year,
we hope to be able to assist you with all
your property goals. Please don’t hesitate
to call us for any information you need
on the market or to discuss how we can
sell your home.
Belle Property Lindfield, 311 Pacific Hwy, Lindfield
9416 6999 | |
A word from Geoff Dean
Geoff Dean
Principal