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Servicing Melbourne, the Mornington Peninsula and wider Victoria



drian Williams Principal of Lightning Fast Home LoansThe Budget update

Dear all, unless you've been under a rock this past fortnight you will have noticed that there's a lot written about the Federal Budget, but what does it mean for you as an individual? Some significant changes were outlined that will impact families, retirees and business owners but the great news is that negative gearing was untouched in this budget.

If you'd like to talk about an investment home loan, give me a call ...before the next Budget.

Tax time

With the new tax year looming and if you own an investment property there's still great news as there's a lot you can claim when it comes to your investment property - but make sure you check with your accountant first.

Here's what you may be able to claim

Some expenses may include:

Property management costs

Council rates

Water charges

Mortgage interest

Repairs and maintenance

Pest control

Cleaning fees

Legal fees

Depreciation (and related costs, e.g. getting a depreciation schedule)

Rental property costs
(e.g. running advertisements)

Borrowing expenses (for the first five years)

Strata fees

Gardening costs


What about the economy?

As a home-owner or potential investor it's important to understand what's driving the Australian economy and what effects may be in store. The last year has been a steady one for the Australian economy. It hasn't fired up – but it hasn't slowed dangerously, which is good news.1

NAB lowered its overall growth forecast for FY2015/16 to 3% in March (from 3.2%). Why? Weaker business investment, a slightly higher unemployment rate, and weak domestic consumption mean slower overall growth.

House prices and investment

With so much data available on how national and local housing markets are faring, it's not hard to stay informed on how property values are developing. According to CoreLogic RP Data capital city dwelling values rose by 0.3% in February – that brings overall growth to 8.3% in the 12 months to February 2015. 2

Tim Lawless, CoreLogic RP Data's head of research, says we might not see the lower interest rate environment stimulate the housing market as much as in the past. "Weaker jobs growth,

higher unemployment, declining affordability, low rental yields and political uncertainty are all factors that could dent consumer confidence,". 3

Sydney and Melbourne are still the strongest markets across Australia, with yearly growth up 13.7% and 7.4% respectively by the end of February 2015. 4

The $400,000-$600,000 price bracket accounts for the largest proportion of both house and unit sales in 2014. Hobart remains the most affordable capital city for housing, as the only capital with over 5% of house sales below $200,000. In contrast, almost one third (31.6%) of all house sales were over $1 million. 5

Housing investment and building approvals continue to remain strong, despite attempts to tighten foreign investment rules. NAB expects to see similar or stronger growth in dwelling investment over the next year. 6

I'm always happy to point you towards the latest research and data on the economy and housing market or, if you are interested in obtaining an updated valuation on your property, drop me an email today.

1. NAB Business research and Insights, Australia & The World, March 2015
2. http://www.corelogic.com.au/media-release/growth-trend-continues-with-capital-city-dwelling-values-rising-0-3-in-february/
3. CoreLogic RP Data Home Value Index, 2 March 2015
4. CoreLogic RP Data Annual house and unit sales year to December 2014, February 2015
5. CoreLogic RP Data Property Pulse Market Update, February 2015
6. NAB Business Research & Insights, 30 March 2015, Australian Markets Weekly

Adrian Williams


FHL logoouse jigsaw puzzle

Six ways to add value to your property

Whether you're looking to sell or upgrade, there are a few sure-fire ways to add value to your property with some clever cosmetics.

Here are our best tips:

1. A fresh lick of paint

One of the quickest and easiest ways to give your home a new look.

2. Update your fittings

One of the first things buyers tend to look at are the doors and cupboards,
lights, locks, curtains and blinds.

3. Kitchen refresh

The kitchen is one of the most important rooms in a home when you come to sell. Redoing an entire kitchen can be expensive but replacing benchtops, sinks or even renewing cupboard doors can change a kitchen for the better.

4. Buff your bathroom

Everyone likes a sparkling bathroom, so pay close attention to cracked tiles, worn or mouldy seals and leaking taps.

5. The great outdoors

Whether you get rid of the old pool and create an outdoor entertaining area with a barbecue and herb garden or add a small balcony area, enhancing the outdoors can add depth and interest to your property.


ift-wrapped house



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