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Mar 13, 2024 | 
brisbanetimes.com.au | Melissa Heagney-Bayliss
, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. More investors are facing negative cash flow as the gap between monthly mortgage repayments and monthly rents widens. Experts say those getting into the market are looking at more expensive properties, in hopes of making a larger capital gain. Investors are looking to claim losses on tax.
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Mar 13, 2024 | 
smh.com.au | Melissa Heagney-Bayliss
A property is negatively geared when the cost of mortgage interest and expenses linked to owning a rental is more than the income it generates each year. Landlords can claim this cost as a tax deduction against their wage income to pay less tax. There were only four suburbs where Melbourne investors could find the rental return is greater than the expenses from the outset.
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Mar 13, 2024 | 
smh.com.au | Tawar Razaghi |Melissa Heagney-Bayliss
"Sydney is very much a negative-gearing investment strategy market, or you're taking a non-traditional model of cash flow like Airbnb, or you're purchasing something that isn't at the median-value level," Owen said.
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Mar 6, 2024 | 
brisbanetimes.com.au | Tawar Razaghi |Melissa Heagney-Bayliss
By Tawar Razaghi and Melissa Heagney-Bayliss March 7, 2024 — 4.00am, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. Darling Point units leave investors with the largest shortfall between mortgage repayments and rent. It was followed by a string of other inner and north shore suburbs. Negative gearing was tipped to cost the public purse $6 billion last year.
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Mar 6, 2024 | 
smh.com.au | Tawar Razaghi |Melissa Heagney-Bayliss
A string of other pricey neighbourhoods topped the list for negative cashflow, including Millers Point, where investors would be short $7845, Milsons Points (-$7829), Cremorne Point (-$7335) and Kirribilli (-$6646). A property is negatively geared when the cost of mortgage interest and expenses linked to owning a rental is more than the income it generates each year. Landlords can claim this cost as a tax deduction against their wage income to pay less tax.
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Feb 28, 2024 | 
brisbanetimes.com.au | Melissa Heagney-Bayliss
, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. The biggest losses in investment properties were in the inner city and Stonnington, data shows. The premium houses were reaping compared to units meant investors were less likely to lose money when they sold a house. Some investors are back trying to buy, but the majority of investors in the market are sellers, experts say.
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Feb 28, 2024 | 
smh.com.au | Kate Burke |Melissa Heagney-Bayliss
Save Add articles to your saved list and come back to them any time. Got it As many as one in four property investors in some pockets of Sydney are selling at a loss, and many are in the red by tens of thousands of dollars. Across Sydney, 11.6 per cent of all investor sales made a loss in the September quarter last year, and the median amount lost was $37,020, CoreLogic analysis shows. In some areas, the figures were much higher.
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Feb 28, 2024 | 
smh.com.au | Melissa Heagney-Bayliss
That compared with outer LGAs like Wyndham in Melbourne's west, where 7.5 per cent of investment sales made a loss of a median $15,000. In Maroondah none of the investors sold at a loss, and the figure was below 3 per cent in Knox, Melton, the Yarra Ranges, Casey and Frankston. CoreLogic's head of residential research Eliza Owen said this was because investment properties in outer areas were more likely to be houses, rather than apartments.
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Feb 25, 2024 | 
domain.com.au | Melissa Heagney-Bayliss
By Melissa Heagney-BaylissFebruary 26, 2024Single people who are young or on low incomes are finding it harder to rent a home of their own, let alone buy a home, without a significant other. Only 22.8 per cent of single, low-income tenants renting independently were paying affordable rent by 2020, a new study shows.
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Feb 25, 2024 | 
domain.com.au | Melissa Heagney-Bayliss
A four-bedroom Beaumaris home sold for $2,325,000 on Saturday in a competitive bidding race between two young families. The hopeful buyers traded rapid-fire offers for 20 Gareth Avenue, which had a price guide of $2.2 million to $2.3 million. The auction opened with an offer of $2.18 million, which was topped by a bid of $2.2 million, and then a flurry of $25,000 raises took it to the sale price within seven bids.
