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Latest property news
Cooper Newman Real Estate offers regular and ongoing commentary on all things property related, including matters that are likely to affect prices, current market influences, legislation and market expectations.
Property Depreciation
Do you realise that significant tax deductions are available on older properties, not just new ones? A recent publication shows that even for homes built pre-1987, the average claimable deduction is over $5,000 in the first year. There is a popular misconception that...
The Effect of the State Budget on Property
It was with disappointment that we observed the announcements in this week’s budget that are targeted at “multiple” property owners in Victoria. Whilst we view this super-tax on investors as unreasonable and excessive, the Government has gotten itself in significant...
Why Automated Valuations Can’t Be Trusted
Auto price valuations or estimates are becoming quite common. Their widespread use on sites like realestate.com.au (REA), realestateview, Domain and even CoreLogic give the impression of providing reliable advice. It isn’t. Whilst a useful tool to provide a very broad...
Property Price Slide Slowing – But When Will It Turn?
We haven’t hit bottom yet and there’s still more to come. But there are signs the fall won’t be as long or far as predicted. We’ve seen the predictions of drastic falls. Almost all economists are clustered around 20% from top to bottom this cycle. Some even 30- 40%....