What is land tax? Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. You may be liable for land tax if you own or part-own: vacant land, including vacant rural land land where a house, residential unit or flat has been built a holiday home investment properties ...read more

  What is Tax Depreciation? The cost associated with the acquisition of capital assets, which provide benefit over their "effective life" may be written off over a period of time as tax deductions and this is essentially known as depreciation. A property investor may claim two distinct types of depreciation on their property: Plant & Equipment – These items are basically items that can be ‘easily’ removed from the propert...read more

Buying and managing an investment property Many Australians help fund their retirement with property, recognising that it offers a low risk investment strategy. Over the long term, provided you choose well and your property is both well managed and well maintained, you will benefit from the capital growth and the rental income. Direct ownership is a shrewd strategy. You have control over you asset (not available with property trusts), and i...read more

How to Quickly and Easily Sell Your Home for Top Dollar! Would you like to sell your home swiftly for top dollar? Our director here at Professionals Wyong has taken the time to put his words of wisdom on paper to help you do so! His book is intended to help you skip a potentially painful waiting process, financial hardship, and a glaring lack of buyers willing to seriously consider purchasing your property. "Whether your property is a freesta...read more