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A Crucial Consideration for Investment Properties. Capital Gains Tax (CGT) is a financial consideration that property investors need to grapple with when selling their assets. CGT is a tax levied on the profit made through the sale of an investment property, with the capital gain calculated as the difference between the purchase and sale prices. This increase in capital must be reported to the tax authorities and is taxed accordingly.

The Perth prestige market is presenting a close resemblance of a two-tiered market, influenced by ongoing uncertainties in construction timing and pricing. Traditionally, the prestige sector is robust and somewhat resilient to severe market fluctuations, with major shifts in global markets, share prices and commodities generally being the biggest influences causing the most impact to residential values.

The Perth residential real estate has been moving quickly post covid with significant growth experienced over the past 12 to 18 months, after an extended number of years of stagnant growth post the Mining Boom.

Acumentis property valuers, connects with ASF Audits, a leading Australian auditor to deliver clients simplified, compliant SMSF property assessments.

Explore the intricate interplay of rising costs, higher wages, and economic forecasts for 2024 in our latest article.

The headline vacancy numbers for Melbourne’s commercial market continue to underperform the other major capital cities, with latest Property Council of Australia (PCA) vacancy levels reported at 16.4%, compared to Sydney and Brisbane both sitting closer to 12%.

The ATO has recently voiced concerns regarding SMSF asset valuations that have remained stagnant over multiple income years. Emphasising the necessity for annual asset valuation, the ATO has announced its scrutiny of 16,500 funds that have reported unaltered values for specific asset classes over a minimum of three years.