Mirren Blog

I recently put together a video about the number one mistake I’ve seen most Property Investors make over the years and its become even more prevalent in today’s low interest rate world.

In a recent series of articles in the Sunday Times, Master Builders Australia CEO, Wilhelm Harnisch, discussed some of the reasons for Australia’s housing shortage and in particular how it’s a falsehood to think the solution will come from tinkering with negative gearing.

A recent article in the Sydney Morning Herald outlined how battling credit card debt at the beginning of the year is a challenge for many Australians who blew their budgets over the Christmas and New Year period.

As a building gets older and items wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a deduction relating to this wear and tear on the Building, plant and equipment items it contains.

A recent article in the Newcastle Star talked about how Spring is the perfect time to revisit your home loan and maybe give it a “spring clean” and act on the current low rates.

According to a recent release from RP Data, Housing values eased their way into Spring, with the RP Data CoreLogic Home Value Index posting a only a 0.1% capital gain across the combined capital cities over the month of September. According to RP Data his means that the consumers are getting more sensible when purchasing properties.

Data published recently confirmed people who hold Property for too short a time actually lose money, but in today what is too short a time and how has this changed?

Have you ever heard someone say “I wish I’d never bought that Investment Property” because it’s costing me money not making me money!”