New Tax Rules for Developers and Property Owners

If you are looking to buy, sell or develop property in Australia, you should be aware of some of the new rules concerning ownership, taxation, and incentives. These conditions were announced during the reading of the 2017-18 budget, and some took effect at the beginning of the financial year while others were to be instigated later on. To get the rundown on the changes and the implications for investors we spoke with George Kontominas from Dendra Accounting Group. Dendra are one of Australias most recognised small business and property investment tax advisors, Dendra are one of Australias most recognised small business and property investment tax advisors, and they are based in Blackburn, Melbourne.

Which renovations offer the best return when you sell?

If you are in the business of flipping houses or if you are looking to sell your house, small renovations can go a long way in raising the value of the house and therefore boosting your return on investment. When you are looking to improve the equity of your house, you need to pay more attention to the visual aspects of the house because most buyers make the decision to purchase homes based on what they see. Clients choose to buy specific homes because the appearance of the house triggers an emotional reaction which turns into a desire to own the house.