Posts by Mike Mortlock
Regulation of Building Standards – Final NSW Government Report
On the 30th April 2020 the release of the final report of the Public Accountability Committee, titled ‘Regulation of building standards, building quality, and building disputes’ was tabled with… On the 30th April 2020 the release of the final report of the Public Accountability Committee, titled ‘Regulation of building standards, building quality, and building disputes’…
Read MoreCoronavirus create most competitive building environment since the GFC
A study by MCG Quantity Surveyors has revealed property owners are now securing the most competitive building and renovation environment in almost a decade. MCG Quantity Surveyors… A study by MCG Quantity Surveyors has revealed property owners are now securing the most competitive building and renovation environment in almost a decade. MCG Quantity Surveyors… A…
Read MoreHow I’d Repair The Government’s Homebuilder Policy
I’ve been buoyed by the political bipartisanship that’s, so far, seen us deal successfully with the health risks and financial pitfalls from the coronavirus crisis. Up until recently, there’s been a joint effort from both sides of the fence to find workable solutions. I say ‘up until recently’ because one policy just put a handbrake…
Read MoreRenovation Cash Grants – Please, Prime Minister, I want some more
I went out for dinner last night. This would not normally be a news story, but in the current landscape, I could write an article just about that!!!!! Fresh in the back of my mind was the article that I recently wrote for the Australian Financial Review, about the Federal Government’s announcement on Monday of…
Read MoreCoronavirus creates the most competitive building environment since the GFC
A study by MCG Quantity Surveyors has revealed property owners are now securing the most competitive building and renovation environment in almost a decade. MCG Quantity Surveyors were recently featured in the Australian Financial Review on the back of their recent analysis of construction contracts prompted a survey of builders which revealed most are dramatically…
Read MoreFinal NSW Government Report into Building Standards and Quality
On the 30th April 2020 the release of the final report of the Public Accountability Committee, titled ‘Regulation of building standards, building quality, and building disputes’ was tabled with the Clerk of the Parliaments of NSW. The report and its recommendations are now with the government for consideration. The government is required to respond to…
Read MoreReview of the Ripehouse Advisory COVID-19 vs Australian Property Report
I recently took part in the Ripehouse COVID-19 survey along with 146 other industry experts and academics and have now been able to view the report in full. I commend the team for putting the report together, especially during such a fluid and evolving set of circumstances. Real estate is such a pivotal part of…
Read MoreWithout COVID-19,we were going to be having a great year in Building!
If we compare the number of homes that commenced construction in 2018, compared to 2019, 2018 wins. In fact, the total number of homes that commenced construction in 2019 was 174,246. The total number of new homes that commenced construction in 2019 was 22.6 percent lower than in 2018. So, over the full year, 2019…
Read MorePercentage of property investors with an ‘in-depth audit’ from the ATO
What percentage of property investors had an ‘in-depth audit’ from the ATO in 2019? Last year the ATO announced that they doubled the number of in-depth audits to 4,500, due to an error rate of just under 90% on a sample of investor tax returns. Speaking at the Tax Institute’s National Convention in Hobart, ATO…
Read MoreDepreciation and the Instant Asset Write-off – Economic Stimulus Package 2020
Here’s what you need to know about the changes to depreciation allowances and the instant asset write-off changes as part of the Governments $17.6 billion coronavirus economic stimulus plan. What has changed? The instant asset write-off – The turnover cap and the asset value threshold have increased The Government has committed $700 million to increase…
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