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IF THERE is one thing the majority of us have at the moment, it’s time. And since we can’t go anywhere many are putting it to good use by getting things done around home – things we have been putting off for a long time because we’re usually too busy. Surely you’ve all seen the […]
These are extraordinary times for us all. The COVID 19 pandemic is impacting the health of our loved ones, the way we live our lives and the businesses we rely on daily. And here at Washington Brown we are determined to do our bit to help. Commitment to our clients Supporting Australia’s property investors is […]
Client Name and Unit Number have been altered for privacy. Matt came to Washington Brown looking to maximise his tax depreciation deductions. Having recently moved to Australia from the UK, Matt rented out the family home in England when they left. The house was originally built in 2005 and was purchased for £400,000 in […]
The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, and to keep businesses in business in light of the Coronavirus pandemic. The Government has outlined an increase of $700M to the instant asset write off threshold from $30,000 to $150,000, and has also expanded eligibility to businesses with […]
THE FEDERAL Government has made a very significant change to capital gains tax (CGT) affecting ex pats, but it’s likely there are many Australians living overseas who are still completely in the dark about it. Put simply, the change entails the CGT exemption for the Australian family home, which has been in existence for 35 […]
I was about 25 years old (a long time ago!) when I did my first property deal. I was the quantity surveyor on a project converting the Balmain RSL in Sydney into residential apartments. I approached the developer and told him I was interested in buying an apartment. I did not have a lot of […]
WHAT A rollercoaster the past year has been for property! We saw a lacklustre start to 2019 largely due to apprehension around last year’s Federal Election and particularly proposed housing-related tax policies from the ALP. Activity was also subdued due to the fallout from the Banking Royal Commission and tightened lending restrictions imposed by the […]
Thinking back, I now realise I was motivated to succeed from an early age. I saw my father work hard all his life to support 5 kids and then lose all his superannuation in the late 1980’s when he invested it all in a company called Estate Mortgage.
They proclaimed to be “safe as a bank”, but in reality were just lending to developers and offering a slightly higher interest rate on deposits.