John McGrath founder and executive director of McGrath Estate Agents examines the current record home values, as the lowest mortgage rates in history continue to power a national boom.

CoreLogic’s national home value index recorded a 2.8% rise in March, the fastest rate of appreciation since October 1988 (3.2%). These exceptionally strong growth conditions remain broad-based, with values rising by at least 1.4% across each of the capital cities and ‘rest-of-state’ areas over the month.

BMT Tax Depreciation recently analysed their investor database and were surprised to find that a great deal of property investors overlook depreciation, a particularly lucrative tax deduction.

Throughout the pandemic, landlords have provided support for tenants unable to pay rent and now, despite the NSW Government again claiming it is supporting tenants and landlords, the COVID Recovery Bill instead leaves both hanging out to dry, says the Real Estate Institute of NSW (REINSW).