How Kyneton has changed in 5 years.

The Australian Bureau of Statistics has released their findings from the 2016 Census which demonstrates some fascinating insights into our community.

Not surprisingly is the increase of property prices in Kyneton. Since 2011, the median house price has increased by 21% whilst the population has increased by 5%.

Other key data includes the .1% increase of families now settling in Kyneton and the increase of 65+ year olds has increased by 18.9%. The demographic age of Kyneton weighs heavily towards the 35 + years.

These statistics allow property analysts to make some data-driven decisions about investments, developments and growth predications.

My take? More younger families seeking affordable homes in Kyneton as the 65+ year olds consider downsizing to more suitable domestic offerings.

The proof is in the data.


New Federal Budget Changes: Unfair on residential investors or evening out the field?

*This article first appeared in the Midland Express in September 2017

The 2017 Federal Budget announced changes to how depreciation can be claimed on residential properties which could potentially cost some investors tens of thousands of dollars. Some experts claim that these changes while potentially having a negative effect on housing affordability despite these changes being designed to do the opposite.

The measures, announced on budget night, read as follows:

From July 1, 2017, the Government will limit plant and equipment depreciation deductions to outlays actually incurred by investors in residential real estate properties. Plant and equipment items are usually mechanical fixtures or those which can be ‘easily’ removed from a property such as dishwashers and ceiling fans.”

The government expects the changes will save Australia $260 million.

What this means is that the investor can only claim on things that they purchased themselves such as dishwashers, fans or other fixtures, a deduction only possible if they presumably purchased the property new.

But Is this such a big deal?

Investment experts suggest that the impacts to the market might have broader implications then just hitting the pocket of the investor. With investors needing to recoup their costs somehow, the price to recover their expenses will inevitably be passed on to the tenant, all which continues to impact on affordability.

We might see investors now holding onto a property for longer, because they know they won’t get depreciation on their next property.

It is yet to be seen whether these tax changes act as a deterrent for investors but the bigger question for government is what is being done about the supply issue.

For more on real estate and property, visit