Titus Consulting - Property Tax Depreciation Consultants

Titus Consulting - Property Tax Depreciation Consultants Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Titus Consulting - Property Tax Depreciation Consultants, Tax preparation service, PO Box 3100, 323 Penshurst Street, North Willoughby.

Titus Consulting as Quantity Surveyors are appropriately qualified professionals under Australian Tax Office Taxation Ruling to provide you your property tax depreciation schedules.

We wish you a happy Mid-Autumn Festival and hope that this bond of trust and friendship will continue to grow in the yea...
25/09/2023

We wish you a happy Mid-Autumn Festival and hope that this bond of trust and friendship will continue to grow in the years to come.

What are Strategies for Real Estate Investors to Thrive Amid Rising Interest Rates”? Does that work for you?The portion ...
10/07/2023

What are Strategies for Real Estate Investors to Thrive Amid Rising Interest Rates”? Does that work for you?

The portion of investor-owned listings across Sydney ballooned to a record 39.8 per cent last month as the financial stress of meeting the large increase in mortgage repayments worsened, data from CoreLogic shows.

More investors were also selling in Melbourne, Brisbane, Perth and Darwin, while Adelaide and Canberra posted a slight dip.

Thomas McGlynn, chief executive of Sydney-based real estate agency BresicWhitney, said more investor-owned properties were likely to hit the market in the coming months.

“We’ve certainly seen a lot more landlords list their rentals for sale over the past month, and we expect that trend to continue as interest rates rise further,” Mr McGlynn said.

“We’re starting to see the effects of rising inflation and rising interest rates on investors who largely own one or two investment properties.”

The share of investor-owned listings increased to 32.7 per cent nationwide, the highest level in 12 months.

Here are some tips for property investors to survive high interest rates:

Keep your eye on the long-term prize. The rising interest rates may make it more difficult to purchase property in the short term, but remember the long game.

Consider alternative financing options. With the rise in interest rates, traditional mortgages seem less appealing to some. You can consider alternative financing options such as private money lenders or hard money loans.

Focus on up-and-coming neighborhoods. These neighborhoods may have lower prices and higher potential for appreciation1.

Diversify your portfolio. Diversification is key to reducing risk in any investment portfolio.

Take advantage of low inventory. When there is low inventory, it can be a good time to buy because there is less competition.

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

https://www.afr.com/property/residential/more-investors-bail-out-as-mortgage-costs-rise-20230705-p5dm10

NSW plans to tackle `excessive' rent increases to improve rental affordability The Minns government is planning one of t...
06/07/2023

NSW plans to tackle `excessive' rent increases to improve rental affordability

The Minns government is planning one of the largest overhauls of the NSW tenancy market in more than a decade, including the potential for new laws which would close a loophole allowing landlords to hike rents multiple times per year.

Other potential changes being considered by the new government as it sets out to tackle the state’s soaring tenant market include making it harder for landlords to charge “excessive” rental increases and changes to housing applications to prevent real estate agents discriminating against would-be residents.

Currently renters can dispute an increase if they believe it is unfair, but, the discussion paper states, “there is a lack of information about average rents paid and rent increases”.

The changes would see the government collect rent-increase data or conduct surveys of tenants and landlords which it would then publish to allow renters to “more easily challenge rent increases that are unfair”.

It also suggests requiring landlords to prove that rent increases are not “excessive” in cases where it exceeds the consumer price index.

Feedback on the Improving NSW Rental Laws Consultation Paper is open until August 11.

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https://www.smh.com.au/politics/nsw/unfair-and-outdated-as-sydney-housing-prices-soar-labor-plans-to-tackle-excessive-rent-increases-20230706-p5dm7g.html

Rate pain won’t hit households until 2024Australian households are yet to feel the full impact from the Reserve Bank’s t...
06/07/2023

Rate pain won’t hit households until 2024

Australian households are yet to feel the full impact from the Reserve Bank’s tightening cycle on mortgage repayments, with economists tipping the first half of 2024 to be the most challenging for consumers.

Several economists in The Australian Financial Review’s quarterly survey said the September quarter was too early to assess the full impact of a cash rate at 4.1 per cent and the rollover of mortgages from fixed rate to variable rates.

KPMG chief economist Brendan Rynne agrees, saying. “A greater proportion of households who have been relatively shielded from cash rate increases to date will have rolled off their fixed rate contracts by the end of the first quarter of 2024 . The September quarter is when this starts to gather pace, but it peaks during the first half of 2024.”

Judo Bank economic adviser Warren Hogan said for those looking to the labour market to measure the health of the economy, the “real fright” would be when job losses started in the fourth quarter of 2024. He predicted Australia’s unemployment to rise to 3.9 per cent in the December quarter, before going to 4.5 per cent in the June quarter of 2024.

MLC Asset Management senior economist Bob Cunneen said households would feel the pain over at least three quarters into halfway through 2024 amid “the crushing impact of high interest rates and surging rents and electricity prices”.

QIC chief economist Matthew Peter said the worst phase for households was already behind them. He acknowledged that many households would convert to variable rates in the September quarter but he said “real disposable incomes will be supported by increasing wages, a slowing in the rate of inflation and support from government subsidies”. He expects trimmed inflation to slow to 4.4 per cent in the December quarter before further dropping to 3.3 per cent in June 2024.

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

https://www.afr.com/policy/economy/rate-pain-won-t-hit-households-until-2024-20230705-p5dlu3

Apartment approvals soar in MayThe total number of dwellings approved rose 20.6 per cent in May, in seasonally adjusted ...
05/07/2023

Apartment approvals soar in May

The total number of dwellings approved rose 20.6 per cent in May, in seasonally adjusted terms, following a 6.8 per cent decrease in April, according to data released today by the Australian Bureau of Statistics (ABS).

Daniel Rossi, ABS head of construction statistics, said: "The rise in total dwellings was driven by the more volatile dwellings excluding houses series, which rose 59.4 per cent. This increase reflected a large number of apartment developments approved in New South Wales in May."

"Approvals for private sector houses remain more subdued, rising 0.9 per cent, following a 3.0 per cent fall in April."

Across Australia, total dwelling approvals were mixed, with rises in New South Wales (+52.9 per cent), Tasmania (+41.1 per cent), Victoria (+15.0 per cent) and Queensland (+0.9 per cent). Meanwhile, falls were recorded for Western Australia (-11.1 per cent) and South Australia (-4.8 per cent).

Approvals for private sector houses were driven by a rise in Victoria (+7.3 per cent), while falls were recorded in all other states: South Australia (-7.2 per cent), Western Australia (-4.5 per cent), New South Wales (-3.4 per cent) and Queensland (-1.8 per cent).

The value of total building approvals rose 11.1 per cent, following a 1.7 per cent rise in April.

The value of total residential building approvals rose 15.2 per cent, comprised of a 17.1 per cent rise in new residential building and a 4.3 per cent rise in alterations and additions.

The value of non-residential building approved reached the highest level since March 2021, rising a further 6.6 per cent in May, following a 10.0 per cent rise in April.

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https://www.abs.gov.au/media-centre/media-releases/apartment-approvals-drive-growth-may

The New South Wales government has confirmed it will axe the current public sector wage cap in September in a bid to com...
04/07/2023

The New South Wales government has confirmed it will axe the current public sector wage cap in September in a bid to combat staff shortages across essential services.

The long-fought-for move was announced 100 days after Labor claimed victory in the state election.

The Minns government is promising to deliver an increase of 4.5 per cent over the next year, which is set to cost more than $600 million.

The wage cap currently sits at 2.5 per cent.

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

https://www.9news.com.au/national/nsw-news-public-sector-wage-cap-to-be-axed-within-months/8c0ad709-3173-4e37-b2a8-46becf9d002e

Sydney hit hardest as 30,000 international students join fight for housingUniversities have returned to on-campus teachi...
03/07/2023

Sydney hit hardest as 30,000 international students join fight for housing

Universities have returned to on-campus teaching for all students, including international students who have previously studied offshore, from 1 July 2023.

From 1 July 2023, classes will be delivered on campus for all students, remote units no longer be offered. Only degrees or units validated for online delivery will be offered fully online.

If students are unable to arrive in time to continue studies, studies would need to suspend or request leave from research.

There are more than 28,000 international students enrolled in NSW universities but, as of Saturday, education providers are required to deliver a minimum of two-thirds of course content in person, putting an end to COVID-era remote learning.

Sydney is experiencing the worst housing crisis in a generation with vacancy rates of 1.1 per cent and apartment rental prices increasing six times faster than wages.

Governments, councils, accommodation providers and student advocacy bodies have each pointed the blame at one another for failing to provide affordable accommodation ahead of the influx.

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

https://www.smh.com.au/national/sydney-hit-hardest-as-30-000-international-students-join-fight-for-housing-20230630-p5dkqx.html

Tips to maximise small business EOFY tax deductionsSmall businesses may be able to claim an immediate deduction for expe...
29/06/2023

Tips to maximise small business EOFY tax deductions

Small businesses may be able to claim an immediate deduction for expenses such as subscriptions, interest, insurance and rent that would otherwise be spread over the period to which they relate. This is as long as the relevant period is no more than 12 months.

The temporary full expensing incentive – through which businesses can claim an immediate deduction for the cost of an asset in the year it is first used or installed – ends on June 30. But the good news is the instant asset write-off returns with a $20,000 cap per asset. This lets you write off the cost of a business expense in the year it’s bought.

Business owners and their family members can consider making the maximum annual concessional super contribution of $27,500.

Other common year-end planning considerations include writing off bad debts, reviewing trading stock valuations and writing off obsolete, depreciating assets.

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

https://www.smh.com.au/business/banking-and-finance/five-top-tips-to-maximise-small-business-eofy-tax-deductions-20230526-p5dbia.html

How Debt-to-Income Ratios in Sydney Have Gone Through the Roof ^>2000: Median house price of $287,000 was 5.5 times an a...
28/06/2023

How Debt-to-Income Ratios in Sydney Have Gone Through the Roof ^

>2000: Median house price of $287,000 was 5.5 times an average, full-time salary of $41,621 after a 20 per cent deposit.

>2001: Median house price of $322,500 was 5.8 times an average, full-time salary of $44,132 with a 20 per cent deposit

>2002: Median house price of $387,500 was 6.7 times an average, full-time salary with a 20 per cent deposit

>2003: Median house price of $454,250 was 7.5 times an average, full-time salary with a 20 per cent deposit

>2022: Median house price of $1,243,126 is 10.8 times an average, full-time salary of $92,030 with a 20 per cent deposit

Maximize you cashflow NOW! Book Today! https://titustax.com.au/

Sources: CoreLogic, Macquarie University, Australian Bureau of Statistics

'Investors add to demand - basic economics 101.'

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PO Box 3100, 323 Penshurst Street
North Willoughby, NSW
2068

Telephone

+61280073800

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