Proposed Changes to Negative Gearing and Capital Gains Tax

property management and capital gains tax
This week Position One Property will discuss the proposed changes to negative gearing and capital gains tax. If Labor win the up and coming election they are proposing to improve housing affordability by reforming negative gearing and capital gains tax arrangements. Firstly this is only if Labor win the election and is then able to pass this legislation through the Senate; but most importantly it will be limited to properties purchased  from 1 January 2020 which means the proposed changes…

Why to Buy in Brisbane Now - Part 1

buy in Brisbane
Over the next few weeks we will endeavour to answer your questions relating to the property market in Brisbane.  We'll cover Brisbane house prices, negative gearing, rental income and why you should buy in Brisbane now. The media has been filled lately with doom and gloom for home owners and investors.  But at Position One Property we would like to point out that most of this is purely media noise.  Some of it is scare tactics generated by politicians. We…

What is an NRAS Investment Property?

What is an National Rental Affordability Scheme (NRAS) investment property? The National Rental Affordability Scheme (NRAS) is an Australian Government initiative. It is a commitment to improve the affordability of housing for low to medium income earners. The purpose of raising the NRAS investment property scheme is to increase the supply of affordable housing for those in need. By offering an incentive to property investors, the NRAS scheme is designed to increase the number of affordable homes and reduce the…

NRAS Investment - What is it? How does it work?

What is the National Rental Affordability Scheme and NRAS Investment? The National Rental Affordability Scheme (NRAS) is an Australian Government initiative to promote the availability of affordable rental properties. The scheme is commonly known as NRAS. It is a plan to address the shortage of affordable rental properties around the country. The NRAS is basically a plan which offers financial incentives to those who invest in rental properties that are suitable for low to medium income earners. By offering incentives…

DIY Property Management - Here's What NOT To Do!

Are you considering doing DIY Property Management? If so, here’s what not to do!   When it comes to choosing a Property Manager to look after you rental property, you get what you pay for! Yes, it does cost a management fee. To have a trained, experienced and dedicated Brisbane property manager from Position One manage your rental property and tenants on your behalf is a blessing. So we always explain that over the longer term, there is huge benefit…

Not all Property Management Agents in Brisbane Are Created Equal!

At Position One, we aim to be the best Property Management agents Brisbane has seen. We provide exceptional service to our Residents and our Property Owners. Doing this, we can deliver the best outcomes for everyone. And to achieve the best outcomes, we maintain valued relationships. Our relationships with our loyal clients, our existing customers, and those searching for a better deal are of utmost importance to us. We are using the latest tools available, because not all property management…

Do You Have a Safety Switch in Your Rental Property?

Landlord Alert: Queensland legislation states that owners of domestic rental accommodation must install a safety switch in a rental property if one is not already fitted.   This is so occupants of every property are protected from electric shock. If your rental property does not have a safety switch installed you must immediately arrange installation by a licensed electrician.   At Position One, our property managers are experienced and well trained to help you understand what your obligations are under…

Own a Rental Property With a Pool? What to Know.

What happens if you have a rental property with a pool? In case you are uncertain or unaware of the swimming pool laws in Queensland, there have been relatively recent changes. And there is no longer any excuse for not taking action to make pools safe. Whether property owner with or tenant in a rental property with a pool, there are clear guidelines now in place. The laws go so far as to include the property manager in the chain…

Blind Cords and Curtain Pulls - SAFETY ALERT

Recent changes in the safety requirements for homes have spread the responsibility for home safety to everyone involved. Whether you own your home, you're a landlord or a tenant, some responsibility falls to you. There are now equal responsibilities to ensure that internal window coverings involving curtain and blind cords are safe for children. Even if you manufacture or install curtains and blinds in a property, the regulations are the same. The regulations are there to prevent children from being…

Smoke Alarms in Rental Properties - What You Need to Know

Smoke alarms in rental properties are serious business. Indeed, smoke alarms in any properties are serious business! Smoke alarms save lives.   Read our introductory guide here and bookmark the links we've provided for you. Knowing your responsibilities, and what actions you can take with regards to smoke alarms, is everyone's business.   Smoke Alarms in Rental Properties There are responsibilities, no matter whether you are a landlord or a tenant. It pays to keep up to date with the…