Thinking of investing in the Victorian property market?
According to the Australian Bureau of Statistics the property market has experienced a price increase of:
- 4.8% across capital cities
- 20% overall for the year
Sydney and Melbourne being the standouts.
In this edition of our property report video find out why investing in the housing market inBoronia, VIC and Epping, VIC may be a good option and why these towns are growing in popularity amongst property investors.
Also, David Borger, NSW Housing MP is interviewed on the importance of sustainable living. He explains amongst other things important considerations such as:
- Choosing or building a house with a north facing living room in order to reduce energy consumption
- Building or buying smaller houses so as to meet the needs of people as they get older
This week's tax tip looks at pre-paying interest on your rental property and how this can be of benefit to property investors.