A buyer could have to pay GST on a ‘substantially renovated’ home, but there’s often uncertainty about whether a renovation counts as substantial or not. A simple test could resolve the issue.
How does the average viewer relate to homes being turned into mansions? Well, most of us have a dream home, with home makeovers often also offering the promise of self-improvement.
A 4-year study of households has shown how the increasing focus on our homes as sites of work, rest and play can increase energy use despite soaring prices.
As an ex-financial counsellor and former consumer credit educator for ASIC, here are the questions I’d encourage you to ask yourself to help you decide how much to spend on a home renovation.